Haywood Securities Inc will act as the Company’s sponsor for the intended application for the TSX listing.
The ASX listing will remain the primary listing.
Chalice recently advised of an imminent resource upgrade at the Koka deposit at its Zara Gold Project in Eritrea more high-grade infill drilling results.
Significant recent intersections from within the Koka Main Zone included some stunning results including 7 metres grading 18.71 grams of gold per tonne in ZARD143 and 5 metres grading 40.28 grams of gold per tonne in ZARD146.
Koka Main is the main gold deposit at Chalice’s 80 per cent-owned Zara Project, which has a JORC compliant Indicated and Inferred resources of 944,000 ounces.
In March, Chalice agreed to place 20 million shares at A$0.36 per share, using Thomas Weisel Partners Canada Inc as agent, raising approximately A$7.2 million. Net proceeds will be used to complete the feasibility study on the Koka deposit within the Zara Gold Project in Eritrea.
Disclosure: The author holds no positions in the company