Gold exploration company Scotgold Resources (ASX: SGZ), advises that it has decided to seek admission for its ordinary shares to trade on the London Stock Exchange’s AIM Market.
The rules governing AIM permit companies listed on the ASX to be admitted to AIM whilst maintaining their ASX listing.
Scotgold Chief Executive, Chris Sangster said the company recently had a significant increase in the level of interest from British and other European investors, following the success of its resource delineation drilling at the Cononish Gold and Silver project and an increased exploration campaign in the greater Grampian Gold project which surrounds Cononish.
"The secondary listing on AIM will give Scotgold greater access to this potential investor interest," Mr Sangster said.
“The proposed dual listing and the appointment of Westhouse provides a real opportunity to expand Scotgold’s gold mining business."
Scotgold has been drilling at Cononish to infill the existing inferred JORC Mineral Resource as part of the Company’s program to advance the project to production and to test high grade gold targets (up to 119.9g/t gold) in the recently identified eastern extension of the Cononish mineralisation.
Scotgold is also exploring for gold, silver and base metals over the greater Grampian gold project which surrounds Cononish and comprises a total area of 2,200 km² which is considered to be highly prospective for gold mineralization.