Endeavour Mining Corporation removed itself from the Australian Securities Exchange Monday at the end of trading day, per company request.
The company will also move its Investor Relations and Administrative offices from Vancouver to Paris, where the office will be lead by Executive Vice President of Strategy and Business Development Vincent Benoit, who joined the company in November and has 25 years of corporate finance experience.
Company officials described the move as an attempt to consolidate the company's strengths, sever lagging components, maximize cash flow and promote organic growth.
"We are starting 2016 with a continued focus on corporate efficiency," CEO Steve Woodyer said. "Today we are completing the ASX delisting process. This reduces our administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to our TSX listing."
Endeavour officials said the company will continue to be listed on the Toronto Stock Exchange and the OTCQX over the counter exchange.
More Stories
- President Boakai Nominates Additional Officials To Government
- Brazil Joins Lusophone Compact to Boost Private Sector in African Portuguese-Speaking Countries
- Research Project Update: 'Mapping the Information Landscapes of St Helena'
- St Helena Utilities Regulatory Authority Consults on New Tariff Proposals
- FIRSTBANK BOARD APPOINTS ALEBIOSU ACTING CEO, AS ADEDUNTAN RETIRES
- African Business Founders To Take Center Stage at AHC Soirée in Johannesburg
- St Helena Launches New Investor Prospectus at Tourism Investment Forum Africa
- President Boakai Hosts Brainstorming Retreat with the Rescue Legislative Caucus of the House of Representatives
- President Adama Barrow Encourages Graduates to be Change Agents Through Education and Training
- ECOWAS Highlights Achievements in Humanitarian Field and Youth Development