Expansion Ahead: Cerro de Pasco Resources Eyes New Listing

Cerro de Pasco Resources Aims for a Secondary Listing
MONTRÉAL - Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCMKTS: GPPRF) (FRA: N8HP) is excited to announce its plans for a secondary listing on the Lima Stock Exchange, part of its overarching mission to strengthen its presence across Latin America. This decision is designed to enhance visibility and foster relationships with regional investors while the Company maintains its primary listing on the TSX Venture Exchange.
Kallpa Securities: Essential Partners in the Process
To navigate this significant step, Cerro de Pasco Resources has enlisted the expertise of Kallpa Securities SAB, a reputable Peruvian investment firm. Kallpa's specialization in equity sales and corporate finance positions them as a premier advisor in this endeavor. With a strong track record, including being the exclusive sponsor for numerous junior mining companies listed on both the TSXV and BVL, Kallpa is well-equipped to guide the Company through the regulatory complexities associated with this listing.
Rationale Behind the Listing
The move to list on the Lima Stock Exchange is reflective of Cerro de Pasco's commitment to the Peruvian market and the broader Andean region. The Company’s flagship project involves reprocessing silver-rich polymetallic resources from historic tailings at Cerro de Pasco. By securing a listing on the BVL, the Company aims to:
- Enhance access for local and regional investors interested in sustainable mining and environmental restoration.
- Expand the shareholder base and improve liquidity in trading activities.
- Align with the vibrant equity market for mining operations in Latin America.
The Impact of NUAM Exchange
The BVL is integrated within the NUAM Exchange, which encompasses the stock markets of Chile, Colombia, and Peru, signifying a collective market capitalization estimated at USD $476 billion. This collaboration bolsters visibility for listed companies, promoting engagement with a diverse range of institutional and retail investors across the Andean region.
Efficiency through the TSXV Passport Listing Process
Being a TSX Venture Exchange-listed entity allows Cerro de Pasco Resources to utilize the TSXV Passport Listing Process. This streamlined approach accelerates secondary listings on authorized exchanges, including the BVL, minimizing regulatory hurdles while upholding stringent disclosure and governance standards.
Regulatory Compliance and Monitoring
Since the BVL recognizes the TSXV as an authorized market, Cerro de Pasco's entry into the BVL will not impose additional regulatory challenges. The Company will continue to adhere to Canadian securities laws while efficiently addressing local requirements in Peru.
Market Dynamics and Statistics
Recent assessments indicate a robust market environment within the NUAM Exchange:
- The BVL showcases a total of 275 listed companies, boasting a market capitalization of around USD $190.7 billion, particularly entrenched in the mining and industrial sectors.
Role of Kallpa Securities in the Upcoming Listing
As the appointed sponsor, Kallpa Securities will be pivotal in:
- Assisting with regulatory compliance and procedural obligations for the BVL listing.
- Representing Cerro de Pasco before Peruvian authorities.
- Driving marketing initiatives and investor engagement efforts in Peru, Chile, and Colombia post-listing.
CEO's Remarks on Growth Opportunities
Guy Goulet, CEO of Cerro de Pasco Resources, shared insights on the anticipated listing, stating, "Entering the BVL will significantly boost our visibility and trading dynamics, fostering broader participation from institutional and retail investors in Latin America. This progression aligns with our core operations and aspirations in the region." Further updates regarding the listing endeavors will be communicated as they develop.
About Cerro de Pasco Resources
Cerro de Pasco Resources centers its efforts on the El Metalurgista mining concession, an asset encompassing valuable silver-rich tailings. The Company's strategic goal focuses on reprocessing historical mining waste, aiming for environmental restoration while unlocking economic value from one of the largest above-ground metal resources in the world.
Frequently Asked Questions
What is Cerro de Pasco Resources planning for the BVL?
The Company is pursuing a secondary listing to enhance visibility and attract regional investors.
Who is assisting Cerro de Pasco Resources with this listing?
Kallpa Securities has been retained as the sponsor and advisor throughout the listing process.
What are the benefits of this secondary listing?
The listing aims to increase shareholder base, enhance trading liquidity, and align with a vibrant mining equity market.
What is the significance of the NUAM Exchange?
NUAM integrates the stock exchanges of multiple countries, creating a larger market presence for participating companies.
How will regulatory compliance be handled?
The listing process will follow the TSXV Passport Listing Process, ensuring efficient compliance with existing regulations.
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