MOD/ANN2 Aug 2018 02:12
..........MOD intends to seek a listing on the London Stock Exchange in Q4 2018
• Dual listing to increase the international profile of MOD and improve access to UK and
European institutional investors
• London Stock Exchange is a leading destination for companies with African mining assets
MOD Resources Limited (ASX: MOD) (‘MOD’, or the ‘Company’) is pleased to announce it has commenced
the process to seek a dual listing of the Company’s shares on the Standard Segment of the Main Market of
the London Stock Exchange (‘LSE Listing’).
It is expected that the LSE Listing will take place following the completion of the Company’s transaction with
Metal Tiger Plc announced on 18 July 2018, whereby MOD will consolidate 100% ownership of the T3 Copper
Project and gain rights to acquire all joint venture exploration assets between the two companies in Botswana.
It is therefore anticipated that the LSE Listing process will complete and MOD shares will begin trading on
the London Stock Exchange in Q4 2018.
MOD’s Managing Director, Mr Julian Hanna said, “The decision to seek a listing on the London Stock
Exchange, represents an important strategic milestone for MOD. The LSE has a long history of successful
listings of companies with African mining assets and we expect the listing to raise the profile of MOD and
open up access to a wider pool of investors. We look forward to building support for MOD amongst the UK
and European investment community as we continue to grow the Company.”
The LSE Listing forms an important part of MOD’s strategy ahead of the raising of construction finance for
the T3 Copper Project. It positions the Company for the next stage of its development by raising its
international profile and facilitating the future participation of a broad spectrum of UK and European investors.
The Company has already been successful in attracting support from UK and European investors and the
LSE Listing is expected to significantly broaden the investor base available to MOD to include institutional
and other investors not currently able to invest through the Australian Stock Exchange (‘ASX’). The London
market has a deep understanding of African natural resources projects and it is expected there will be strong
support for the Company once dual listed.
MOD Resources’ Chairman, Mr Mark Clements, said “The Board considers the timing of the proposed LSE
Listing to be right during this period of rapid activity and growth.”
The Company has already been successful in attracting support from UK and European investors and the
LSE Listing is expected to significantly broaden the investor base available to MOD to include institutional
and other investors not currently able to invest through the Australian Stock Exchange (‘ASX’). The London
market has a deep understanding of African natural resources projects and it is expected there will be strong
support for the Company once dual listed.
Sign In
Follow the stocks
