- Alpha Lithium (ALLI) has received conditional approval from the NEO Exchange to list its common shares
- Trading of the company’s securities will not be disrupted in any way
- The Vancouver-based resource exploration company will eventually delist from the TSX Venture Exchange
- Shares and warrants will continue trading in Canada under their existing symbols
- Alpha Lithium Corporation is up 2.61 percent, trading at $1.18 at 1:40 pm ET
Alpha Lithium (ALLI) has received conditional approval from the NEO Exchange to list its common shares.
The company may also list certain warrants on the exchange.
Trading of the company’s securities will not be disrupted in any way.
The Vancouver-based resource exploration company will eventually delist from the TSX Venture Exchange. A timeline for the graduation will be announced once the company receives final approval.
Shares and warrants will continue trading in Canada under the existing symbols, ALLI and ALLI.WT respectively. Shares will continue trading under the symbol APHLF in the United States.
“As the company continues making significant operational advancements, an upgrade to a more senior exchange was a natural progression. As a result of the upgrade to the NEO, we anticipate garnering more interest from the world’s most significant and influential institutional investors. The NEO Exchange is also very focused on providing a customer-oriented service to companies that qualify to list. We expect this upgrade to be a win for current investors, a win for the Company and a win for potential investors,” said Alpha President and CEO Brad Nichol.
The NEO Exchange lists non-venture companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Alpha Lithium Corporation is up 2.61 percent, trading at $1.18 at 1:40 pm ET.