U308 Corp. begins trading on the Santiago Stock Exchange in Chile
posted on
Jan 07, 2015 09:50AM
Edit this title from the Fast Facts Section
U3O8 Corp. begins trading on the Santiago Stock Exchange in Chile
Provides access to MILA - Latin America's largest stock-trading platform
U3O8 Corp's SSE listing also provides entry onto MILA (the Integrated Latin American Market), an integrated platform on which investors and brokers in Chile, Colombia, Mexico and Peru seamlessly trade shares listed on any of the four markets through their local stock exchange. MILA is the largest financial centre in Latin America with a combined market capitalization of over US$1 trillion. Hence, U3O8 Corp's shares will be available on any of these stock exchanges and opens up alternative financing opportunities for the company across these major markets.
About the Santiago Stock Exchange
The SSE in Chile is the third largest stock exchange in Latin America behind Brazil and Mexico. Chile's pension funds manage over US$160 billion and over 40% of its assets are in equities. Although mining accounts for more than half of Chile's exports, only eight resource companies are currently listed on its stock exchange. In order to address this imbalance, the SSE partnered with the TSX to establish a new division to help foster growth of the resource market in Chile by allowing TSX companies to dual-list in Santiago and access capital from Latin American markets.