L&M seeks listing on Canada’s TSX Venture Exchange to lift liquidity

Thu, 14 Jun 2012

June 14 (BusinessDesk) - L&M Energy, which has interests in oil and gas exploration permits in Taranaki, is to seek a listing on Toronto’s TSX Venture Exchange in what is says is a move to boost liquidity as the company bids for new blocks and accelerates its drilling programme. Wellington-based L&M has hired Calgary-based brokerage Casimir Capital to assist with the listing, it said in a statement to the NZX. Its shares already trade on the NZX and ASX. “L&M believes that a wider listing of the company’s shares and a greater spread and dept...

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