EnviroGold (ASX: EVG) is proposing a listing on the main board of the Toronto Stock Exchange to tap a wider base of investors including North American investors that have a keen understanding of mining projects in Latin America.
The move would see EnviroGold relocate its operations to Vancouver, shifting project development, engineering and exploration management.
The company would retain a ASX listing, it expects to execute the move within the next six months.
Following discussions with the TSE, EnviroGold said is confident it will be admitted to the Main Board within three months.
EnviroGold is developing the Las Lagunas gold project in the Dominican Republic which is due for commissioning later this year. The company has another project, the Azuay gold mining project located in Ecuador.
Brian Johnson, executive chairman, said “it is obvious from recent discussions with senior stockbrokers in Toronto that the Canadian market has a real appreciation of political risk, geological potential, and commercial opportunities in various Latin American countries, where gold mining and exploration is dominated by Canadian companies.”
The company is encouraged by brokers' enthusiasm for EnviroGold's prospects in Latin America.