NASDAQ OMX (NASDAQ:NDAQ) announced that NGEx Resources Inc. (short name: NGQ), a Mid Cap company within the Basic Material sector, has started trading of its shares on the main market of NASDAQ OMX Stockholm. NGEx is, including switches, the 16th company to list at NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen; and Iceland). NGEx has its primarly listing on the Toronto Stock Exchange (TSX).
NGEx is a Canadian mineral exploration company with exploration projects in Chile, Argentina, and Canada. NGEx's focus is on advancing its South American projects which include several large copper-gold systems located on a contiguous land package that the company holds in Chile's Region III and adjacent San Juan Province, Argentina.
"We are very excited about offering our shareholders the opportunity to trade their shares on NASDAQ OMX,” said Wojtek Wodzicki, CEO of NGEx Resources Inc. “We look forward to welcoming many new shareholders in Sweden. A listing on NASDAQ OMX Stockholm complements our existing listing on the Toronto Stock Exchange by adding greater liquidity and depth of distribution.”
“NGEx's selection of NASDAQ OMX Stockholm as a secondary listing venue is a testament to the strong investor-base within our materials sector where many of their industry piers are traded today,” said Adam Kostyal, Senior Vice President at NASDAQ OMX.