LONDON (ShareCast) - (Sharecast News) - Atalaya Mining has applied for a voluntary delisting of its ordinary shares from the Toronto Stock Exchange (TSX), it announced on Monday, to take place at the close on 7 March.
The firm said its shares would continue to trade on the AIM market in London, under the symbol 'ATYM'.

"Over the past three years, daily trading activity in the company's ordinary shares on AIM has increased materially and, in the last 12 months, has accounted for around 99% of the aggregate trading volume on both platforms," the board said in its statement.

"As a result of the minimal trading volumes on the TSX, the company believes that the financial costs and administrative requirements associated with maintaining the TSX listing are no longer justified."

Atalaya said shareholder approval was not required for the delisting due to its AIM listing, which was considered an "acceptable alternative market" under the TSX Company Manual.

At 0849 GMT, shares in Atalaya Mining were up 0.87% at 355.05p.

Reporting by Josh White for Sharecast.com.

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