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LONDON - Eurasia Mining PLC announced its cross-listing on the Astana International Exchange (AIX) has been completed, with trading of its shares on the Kazakh exchange set to commence on Wednesday.
The mining company, which focuses on iridium, osmium, palladium, platinum, rhodium, ruthenium and gold, will trade under the ticker "EUA" on AIX with quotation and settlements in British pounds, according to a company press release.
No new shares will be issued in relation to the cross-listing, and the company’s shares will be fully fungible between the London Stock Exchange (LON:LSEG) and AIX, allowing investors to trade the same shares on either exchange.
Trading on AIX will run concurrently with trading in London, with market makers having access to the CREST trading system to maintain appropriate liquidity on the Kazakh exchange.
"The Directors are delighted that we have successfully achieved our strategic milestone of cross-listing to allow access of the investors from the Global South to buy our shares to further improve our marketability and liquidity," said Christian Schaffalitzky, Executive Chairman of Eurasia Mining.
AIX CEO Assel Mukazhanova noted the listing "opens new doors for the Company offering access to a wider investor base and enhanced visibility across the region."
Eurasia Mining has been a public company in London for approximately 30 years. The company’s shares closed at 5 pence on the London Stock Exchange on Monday, which will be quoted as 0.05 GBP on AIX.
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