29th Apr 2020 16:37
(Alliance News) - Trident Resources PLC on Wednesday said it intends to cancel the trading of its shares on the main market of the London Stock Exchange.
The company - which was formed in 2018 to look for mining assets in either the advanced exploration, pre-production, or production stage - said it expects the last day of trading on the main market to be May 29. The company was admitted to trading on the main market in October.
In March, Trident said it would move into mining royalties as it announced the AUD7.0 million acquisition of a 1.5% free-on-board mining royalty at the Koolyanobbing iron ore mine in Western Australia.
The company said it wants to move from the main market to AIM and will be renaming itself to Trident Royalties PLC.
Shares in Trident are currently suspended as the Koolyanobbing acquisition is deemed a change in strategic mandate.
By Ife Taiwo; [email protected]
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