Copper exploration and development company MOD Resources (ASX:MOD) has commenced the process to achieve dual listing of the company’s shares on the London Stock Exchange.
It’s hoped the listing will increase the international profile of MOD and improve access to UK and European institutional investors
It is expected the listing will take place after the completion of the company’s transaction with Metal Tiger where MOD will consolidate 100 per cent ownership of the T3 Copper Project and gain rights to acquire all joint venture exploration assets between the two companies in Botswana.
MOD will retain its existing ASX listing as the Company’s primary listing. MOD is well funded for its current work program and is not currently planning to raise equity capital at the time of the LSE Listing.
Shares in MOD Resources (ASX:MOD) flat at 44c.