🇳🇦NamibiaSouthern Africa
Ongwe Minerals Inc lists on the Namibia Securities Exchange
via The Namibian2 hours ago2 min read
Ongwe Minerals Inc, a Canadian-listed gold exploration company focused on Namibia, has listed on the Namibia Securities Exchange NSX under the symbol “ONG”, with trading commencing on April 15. According to the company’s chief executive, Dave Underwood, this dual listing is a crucial step in establishing Ongwe’s presence in the local Namibian capital markets. The company’s primary listing will remain on the Toronto Stock Exchange TSX Venture Exchange. Underwood highlighted that the listing aims to simplify trading for both institutional and retail investors and facilitate participation in future capital raises. He also noted that Ongwe has a dedicated base of Namibian shareholders who previously invested in Osino Resources and Koryx Copper, both of which were listed on the Namibian exchange. Underwood emphasized that this move strengthens ties with the local investment community and reflects confidence in Namibia as a premier mining jurisdiction, aiming to diversify the shareholder base, enhance market liquidity, and provide Namibian citizens with a direct opportunity to benefit from the country’s mineral wealth. Ongwe Minerals Inc is currently developing three projects in the Northwest Damara gold belt, focusing on the Omatjete and Khorixas Gold projects.
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Original source
This summary was AI-generated from a story originally published by The Namibian.
