Century Iron graduates to TSX
Mineral explorer Century Iron Mines (TSE:FER) said on Monday that its shares began to trade on the Toronto Stock Exchange under the symbol "FER" at the opening bell today.
As such, the company's stock will no longer trade and will be de-listed from the TSX Venture Exchange.
Listing on the TSX will provide the mineral explorer with greater market visibility and more access to capital, as well as advance Century Iron to be a major player in the Canadian iron ore industry, it said.
"We are pleased to have graduated to the premier Canadian exchange, another significant milestone in the development of our company," Century's president and CEO Sandy Chim, said in a statement.
"We have been served well by our listing on the TSX Venture Exchange through its Capital Pool Company program."
The Toronto-based emerging iron ore explorer has interests in projects such as Duncan Lake and Sunny Lake, both in Quebec. Both WISCO and MinMetals (HKG:1208) have substantial stakes in Century Iron.
Shares of Century Iron Mines rose 4.17% to $2.50 per share late Monday afternoon on the Toronto Stock Exchange.
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