London Stock Exchange welcomes AEX Gold to AIM

AEX Gold is an independent gold mining exploration and development company, with a portfolio of assets located in Southern Greenland. The company is currently listed on the TSXV and has announced today its dual listing on AIM.  
 
AEX holds an unrivalled portfolio of high-grade gold licences covering 3,356km2 in Southern Greenland, an exciting and stable jurisdiction with which the management team has previous experience and relationships. The company’s flagship project, Nalunaq, offers shareholders a high-grade gold project that has historically produced >350koz between 2004 and 2009 at an average grade of c.16 g/t. The former operators have left significant infrastructure at the asset, significantly reducing costs compared to a greenfield project, and providing AEX with a clear path to first gold. 
 
Eldur Olafsson, CEO, comments
 
“We are delighted to be admitted to trading on AIM today and welcome new investors to our company. AEX offers a unique opportunity to invest in Greenland gold mining with our large and exciting portfolio of assets in Southern Greenland, which has many similarities geologically to the high-grade gold belts found in Canada, Finland and Sweden. We believe a dual listing will provide us with greater visibility to investors, significantly increase market liquidity, and widen our investment base, and has provided the means for us to fund the next stage of development. We look forward to a long and successful future as a London listed business.”
 

Quick facts

Track
Market: AIM
Instrument market cap (£m)
55.79
Listing/Admission to trading
31 Jul 2020
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