Solis Minerals (ASX:SLM) is seeking to delist from the TSX Venture Exchange, as well as proceed with a re-domiciliation of the company to Australia.
Speaking to Mining.com.au, CEO Mitch Thomas says there are no significant regulatory hurdles and the re-domiciliation process is expected to be completed by August, subject to shareholder vote.
“There will be no impact on exploration apart from releasing more funds from corporate activity toward drilling,” Thomas says.
Shareholders wishing to trade on the Australian Securities Exchange (ASX) will need to request to convert their shares, on a 1:1 basis, to chess depositary interests (CDIs) held in Australia.
Thomas believes that its shares and overall liquidity will benefit from a focus on the Australian Securities Exchange (ASX). Additionally, cost and governance efficiencies will be realised through one primary listing, he tells this news…
