Allied Gold (TSX: AAUC; US-OTC: AAUCF) is set to begin trading on the New York Stock Exchange starting Monday after obtaining all regulatory approval. The stock will trade under the ticker symbol "AAUC" the same as its Toronto-listed shares.
The NYSE listing approval "represents a significant milestone" that reflects the continued growth of Allied's business, the company said in a news release this week.
The Canadian gold miner operates three producing assets and development projects located in C?te d'Ivoire, Mali and Ethiopia. Together, they hold about 11 million oz. in reserves.
In preparation for the NYSE listing, the company said last month that it will consolidate its issued shares on a three-for-one basis. The TSX-listed shares closed on Thursday at $21.23 each for a market capitalization of $7.35 billion.
Once listed on the NYSE, Allied's shares on the OTC market will cease trading.