-- Hemlo Mining (HMMC.V) after close on Monday said it received conditional approval to list its shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange.
Final approval of the listing is subject to the company fulfilling all of the requirements of the TSX, including receipt of all required documentation on or before July 14. Hemlo said it will issue a news release once the TSX confirms the date on which trading of its shares is expected to commence on the TSX.
"Receiving conditional approval to graduate to the Toronto Stock Exchange marks a defining milestone for Hemlo Mining and validates the disciplined execution of our capital markets strategy since acquiring the Hemlo Gold Mine. The TSX listing will help broaden our shareholder base, enhance trading liquidity, and position Hemlo alongside Canada's premier gold producers - reflecting both the historic scale of our asset and the institutional confidence we have built. This is a critical step in our staged uplisting plan, ensuring Hemlo is appropriately recognized within the global gold equity universe." chief executive Jason Kosec said.
Hemlo's shares closed up $0.31 to $7.14 on the TSX Venture Exchange..