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Xanadu Mines lists on TSX

Mongolia-focused copper and gold explorer Xanadu Mines Ltd. said Oct. 18 that its shares will begin trading on the Toronto Stock Exchange under the XAM symbol, effective the same day.

The dual listing aims to increase the company's profile among North American investors, according to Managing Director and CEO Andrew Stewart.

"Our TSX listing is timely given the substantial amount of activity planned, including the resource upgrade and preliminary economic assessment on our Kharmagtai project which is due in the fourth quarter of 2018," the executive said.

In June, Xanadu Mines raised A$10 million to accelerate drilling and complete economic studies at Kharmagtai.