Canada-based Siga Resources Ltd., which is listed in the US, plans to dual list its shares on the Philippine Stock Exchange (PSE).
Incorporated in Nevada, Siga Resources is a start-up, pre-exploration stage company engaged in the search for gold and related minerals.
Anand Nagin, financial consultant for Siga Resources, believes the Philippines is the right place for the mining company to do its secondary listing due to the PSE’s “good reputation” and “vision of bringing the exchange to the forefront of the global financial community.”
“The PSE is in need of growth and expansion. I believe that Siga Resources’ listing here would allow it to continue to grow and make a name for itself,” Nagin said as it emphasized that the mining firm does not have a problem raising capital.
Nagin said the mining company is hopeful it can list within the year as it has already discussed its plans with the PSE. “We know that every effort will be undertaken to ensure that Siga Resources has a smooth and expeditious process to be formally listed on the PSE,” he said.
Nagin said the details of the firm’s planned listing whether it would do it by way of introduction, are still being firmed up.
He said the company is open to all opportunities the Philippines has to offer but declined to give specifics.
Siga Resources, which has a mining claim in Valolo located in Fiji, has not generated any operating revenues since inception. It acquired the Valolo Claim for $5,000.