Mongolia to cooperate Toronto Stock Exchange

Oyundelger 2017-03-15 06:03

Mining

Robert Peterman, director of International Business Development at the Toronto Stock Exchange has met with a Mongolian delegation and Mongolian Stock Exchange.

Mongolia to cooperate with Toronto Stock Exchange. Robert Peterman, director of International Business Development at the Toronto Stock Exchange has met with a Mongolian delegation and Mongolian Stock Exchange and Toronto’s Stock Exchange have decided to cooperate on starting double-registration activities. Although Mongolia enabled legal environment of double registration, stock companies have not taken advantage of this opportunity yet. Around 11 companies that operate in Mongolia are registered in the Toronto Stock Exchange, such as “Erdene Resource Development Corporation”, “South Gobi Resources” and “Turquoise Hill Resources”. Once the cooperation takes effect, these companies will be registered in MSE, offering shares and securities to the investors.