Earlier this year, Auxico Resources Canada Inc. (CSE:AUAG) became the first Canadian security to be dual-listed on the Canadian Securities Exchange and the NEX Exchange in the United Kingdom. Auxico Resources is the first Canadian company to become dual-listed on the NEX Exchange using the fast track procedure, which the London-based exchange has established to help expedite access to its market from companies listed elsewhere around the globe.
NEX Exchange, a NEX Group business, operates a regulated stock exchange in the U.K., with a particular focus on entrepreneurial and growth-stage companies.
Patrick Birley, Chief Executive of NEX Exchange said: “We are delighted to welcome Auxico Resources as our first dual quoted stock with the Canadian Securities Exchange. We have long admired the approach of the CSE and hope that by working together we can offer dual quoted companies greater access to a wide range of investors.”
With this new listing milestone, the CSE continues to grow its international reach. Several securities listed on the CSE also trade on markets in Europe (Frankfurt Exchange) and in the U.S. (OTC Markets).
Richard Carleton, CEO of the CSE, said of the announcement: “We congratulate the team at Auxico Resources for taking advantage of the fast-track procedure we have developed with our colleagues at the NEX Exchange. The listing will open new opportunities for capital raising and secondary market liquidity in the U.K. for Auxico. We hope that Auxico will be the first of many CSE issuers to join the NEX Exchange.”
According to the NEX Exchange’s fast-tracking admissions process, companies already admitted to CSE are eligible to use their accelerated admissions process to join the NEX Exchange Growth Market.
The access granted to CSE-listed firms to this streamlined process is a further recognition of the CSE as a qualified market with international stature and puts the CSE in strong company with some the largest and well-known stock exchanges across the world who also have qualified for access to the NEX Exchange’s fast-track admission process.
Hear from the CSE’s Senior VP of Market Development, Rob Cook, explain more about how companies from outside of Canada are also choosing to list on the CSE in the video clip below.