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Maverix Metals Inc applies to list on NYSE American exchange

As previously planned, the resource group also consolidated its capital on a one-new-share-for-every-two-old basis

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About 108 million Maverix shares will begin trading on the TSX Venture Exchange today, after shareholders passed a special resolution

Maverix Metals Inc (CVE:MMX) told investors it has applied to list its shares on the NYSE American exchange.

In conjunction with this, Maverix wants to graduate to the Toronto Stock Exchange (TSX) from the Venture exchange, where it is currently, and it has received conditional approval to have its shares listed on the TSX.

"Our anticipated listings on the NYSE American and the TSX represent meaningful milestones in the growth of the company," said Dan O'Flaherty, Maverix president and  CEO. "These listings will expose Maverix to a much broader array of institutional and retail investors as we continue to enhance our portfolio of precious metals royalties and streams."

READ: Maverix Metals proposes share consolidation in anticipation of US listing

The listing of Maverix in New York remains subject to the approval of the NYSE American and the satisfaction of all applicable listing and regulatory requirements.

As part of its plans to dual list on a US exchange, the firm carried out  a share consolidation on a 1:2 basis, meaning around 108 million shares will begin trading on the TSX Venture Exchange today, after shareholders passed a special resolution.

The resource group has consolidated its capital on a one-new-share-for-every-two-old basis, reducing the number of shares outstanding to 108 million shares from around 216 million.

Maverix Metals currently has a portfolio of 79 royalties and streams, of which 12 are producing mines.

---Updates to include latest listing plans---

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Quick facts: Maverix Metals Inc

Price: 5.82 CAD

TSX:MMX
Market: TSX
Market Cap: $628.73 m
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