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Winmar Resources Ltd

Winmar Resources to seek dual listing on London Stock Exchange

The dual listing is expected to increase Winmar’s international profile and significantly improve access to European and UK based institutional investors

LSE
LSE is a preferred stock exchange for companies with African mining assets

Winmar Resources Ltd (ASX:WFE) has commenced the process to seek a dual listing of its securities on the main market of the London Stock Exchange (LSE).

The company has over recent months completed a detailed review of the potential benefits of a dual listing on the LSE and this has led to the company appointing London based lawyers, Memery Crystal, to advise and manage a proposed LSE listing.

Memery Crystal is considered one of the leading law firms for listing Australian companies on the London markets and in 2018 completed the dual listing of both MOD Resources (ASX:MOD) and Danakali Limited (ASX:DNK).

READ: Winmar Resources signs cobalt, copper ore purchase agreements in DRC

It is expected that the dual listing process and commencement of trading of Winmar’s shares on the LSE will be completed in H1 CY2019.

Winmar chairman Jason Brewer said: “The proposed LSE listing is a significant and strategic step for Winmar.

“With this dual listing we are looking to raise and enhance the profile of Winmar and its activities and attract broader institutional investors from the London and European markets.”

READ: Winmar Resources to house cobalt facility licence in African JV

“The London and European investment communities and metal trading markets have demonstrated in the past their understanding and long-term commitment to investment in African mining projects, and I am firmly of the opinion that there will be a very strong support for what we are looking to achieve in Africa, once the company is dual listed.”

Quick facts: Winmar Resources Ltd

Price: $0.02

Market: ASX
Market Cap: $58.15 m
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Winmar confirms dual listing and move from cobalt exploration to production

Winmar Resources Ltd (ASX:WFE) Chairman Jason Brewer tells Proactive London how the company is changing status and confirms its dual listing. Updates here too for investors on the company's cobalt operations in the Democratic Republic of Congo (the DRC) as well as why Winmar returned to the...

on 2/3/19

2 min read