Azumah to list on TSX

Perth-based gold hopeful Azumah Resources has announced it will pursue a dual listing on the Toronto Stock Exchange to build on its strategic base in North America.

Azumah said the listing would take place “shortly” and would provide it access to a significant pool of sophisticated and institutional investors in North America.

Managing director Stephen Stone said the TSX listing would be a complement to its existing listing on the Australian Securities Exchange.

“Investors in these countries traditionally have an immense appetite for exploration companies, particularly those in the gold business, helping to ensure Azumah performs as strongly on the sharemarket as its does in the field,” Mr Stone said in a statement.

“The dual listing is another key milestone for Azumah as it finalised the feasibility study on its 1.2 million ounce Wa gold project in Ghana and prepares to become a gold producer.”

At 9:44AM (WST) Azumah’s stock had lost 1 per cent, to trade at 49 cents.