Bannerman exits Toronto bourse, commits to NSX and ASX
Prospective uranium miner, Bannerman Resources this week announced that it would de-list from the Toronto Stock Exchange and used the same opportunity that it had no intention to de-list from the bourses its listed in Windhoek and Sydney, Australia.
Said Bannerman of its bourse activities, “No change will occur to the quotation and trading of Bannerman shares on the Australian Securities Exchange (ASX) or the Namibian Stock Exchange (NSX) and Bannerman’s securities remain available for trading on the ASX and NSX under the code BMN.
After the de-listing date of 11 May 2016 and until a transfer to the Australian register is effected, shareholders on the Canadian register and beneficial shareholders holding their securities through a Credit Default Swap participant and or broker will not be able to trade their shares on the Australian Stock Exchange and their holdings will remain on the Canadian share register Bannerman stated.
Securities held on the Canadian register which have not been transferred by 10 June 2016 will automatically be transferred to an Issuer Sponsored Holding on the Australian share register. Once this occurs, these shareholders will be able to sell their shares on Australian Stock Exchange by quoting their Shareholder Reference Number (SRN) to their broker Bannerman explained.
Bannerman Resources Limited is an Australian Stock Exchange and Namibia Stock Exchange listed exploration and development company with uranium interests in Namibia, a southern African country which is a premier uranium mining jurisdiction. Bannerman’s principal asset is its 100%-owned Etango Project. A definitive feasibility study has confirmed the technical, environmental and financial at consensus long term uranium prices viability of a large open pit and heap leach operation at one of the world’s largest undeveloped uranium deposits.
Since 2015, Bannerman has conducted a large scale heap leach demonstration program to provide further assurance to financing parties, generate process information for the detailed engineering design phase and build and enhance internal capability.