Coalspur's TSX listing

COALSPUR plans to list on the Toronto Stock Exchange by the end of September.
Coalspur's TSX listing Coalspur's TSX listing Coalspur's TSX listing Coalspur's TSX listing Coalspur's TSX listing

Coalspur's Vista project.

Blair Price

The move makes sense, as its flagship Vista project is not only based in Canada, but the company aims to develop it into one of the largest thermal coal mines in North America.

Coalspur managing director Gene Wusaty expects the TSX listing to increase access to the larger capital markets in the northern hemisphere.

The Perth-based company has engaged Haywood Securities for the listing planned for this quarter.

Coalspur will maintain its Australian Securities Exchange listing as the primary listing, but existing shareholders will be able to trade their shares on the TSX after completing a transfer process.

Last month the company started its prefeasibility study for the Vista project, previously known as the Hinton project.

The name change came after Coalspur picked up six leases in Alberta for $C90 million in mid-June, adding 438 million tonnes of resources and a mining permit to the mix.

Coalspur’s resources are more than 905Mt for its revamped Vista project with 812.6Mt in either the measured or indicated category.

Coalspur was previously planning a 7.4 million tonne per annum run-of-mine thermal coal operation for its open cut Hinton project, exporting 4Mtpa saleable coal over a minimum mine life of 14 years.

Shares in the company are up half a cent this morning to 76.5c.

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