LONDON (Alliance News) - Rambler Metals & Mining PLC said Monday it has voluntarily applied to delist from the Toronto Stock Exchange.
The Canadian miner said it will remain listed on London's AIM, where the "vast majority" of its trading activity takes place.
Rambler said the "minimal" trading activity of the company's shares on the TSX Venture Exchange "no longer justifies" the expense and administrative requirements associated with maintaining a dual listing.
The miner believes its AIM listing provides its with a "sufficiently" liquid market. Rambler's Toronto-listed shares are expected to be cancelled January 15.
Shares in Rambler were up 7.6% Monday at 2.47 pence each.