Bradda Head Lithium plans to list on TSX in Canada
Bradda Head Lithium Ltd said it plans to list its ordinary shares on the Canadian TSX Venture Exchange.
The North America-focused lithium development company said the move will expand its shareholder base and lead to more trading in its shares and greater liquidity.
It also will bring its lithium project portfolio to the attention of a “robust resources market” where exploration companies have recently attracted investor interest.
Bradda is already listed on the AIM Market of the London Stock Exchange and the OTCQB Market in North America.
It does not intend to issue new shares or raise further equity capital as part of the Canadian listing.
It would, however, allow existing Canadian investors to reposition their UK-held securities to Canada if they so wish.
Charles FitzRoy, Bradda chief executive, commented: “The TSX-V has an investor base with a long history of understanding lithium and resource exploration companies.
“Given our asset base in Arizona and Nevada, we believe that Bradda will be a very attractive proposition to a new pool of investors on the TSX-V.”