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Peninsula Energy (ASX:PEN) announced that it has filed a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission.
Peninsula Energy (ASX:PEN) announced that it has filed a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission.
As quoted in the press release:
Peninsula’s registration filing with the SEC and forthcoming U.S. stock exchange listing is expected to provide a number of benefits to the Company. Home to the world’s largest nuclear power generation fleet, the U.S. also provides access to the largest pool of capital globally and access to an active and sophisticated investment market well versed in the benefits of nuclear power generation and the contribution that uranium makes to the nuclear fuel cycle.
In conjunction with our US Broking advisors the Company has initiated a systematic and worldwide institutional awareness program that will run over the next four weeks. In keeping with this plan and to establish a significant shareholder base and liquidity in North America it will be followed in the new year by an extensive USA regional high-net-worth and retail roadshow programme that will become a quarterly feature of the Company’s ongoing business plan.
Peninsula Energy’s Managing Director and CEO, Gus Simpson, stated:
With production at our U.S. based Lance Projects commencing soon a North American listing will provide further impetus to a near term valuation re-rating for Peninsula. Listing on a US exchange will provide direct access and much greater visibility of our business to the world’s largest debt and equity markets.
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