Two Stocks Reinstated to Official Quotation: Axiom Mining and Force Commodities

  • May 13, 2019 AEST
  • Team Kalkine
Two Stocks Reinstated to Official Quotation: Axiom Mining and Force Commodities
The securities of the following companies are reinstated to official quotation on Friday, and the trading will commence today (13th May 2019). Axiom Mining Limited Founded in 1992, Axiom Mining Limited (ASX: AVQ) is a mining and exploration company based in Brisbane, Australia. The company is indulged in advanced mineral exploration within the mineral-rich Pacific Rim. The company has left a strong imprint in the Asia Pacific region and has been involved in the exploration of minerals in the Australia and Solomon Islands for the last many years. The securities of the Axiom Mining Limited were placed in the trading halt on 23rd April 2019 following which the company requested the Australian Stock Exchange to suspend its listed securities from quotation immediately under Listing Rule 17.2 on 26th April 2019. The company notified on Friday that the suspension of trading in the securities would be lifted when the trading will start today, 13th May 2019. The halt is lifted following an announcement by AVQ in context of funding and the lodgement of a supplementary prospectus and a prospectus with the Australian Securities and Investments Commission (ASIC). On 24th April 2019, the company released updates in relation to its operations at San Jorge. Axiom informed that the company would continue its operations at San Jorge and the first customer shipment is scheduled to occur in May 2019. Before reopening for trade today the company’s stock last traded on the Australian Stock Exchange on 18th April 2019 at AUD 0.048. Today, AVQ shares are trading on ASX at AUD 0.041 (as at AEST: 12:20 PM, 13 May 2019), down by 14.583 percent. Force Commodities Limited Headquartered in Western Australia, Force Commodities Limited (ASX: 4CE) is a mining company that deals in the exploration of lithium in the Democratic Republic of Congo and exploration for gold and base metals in New South Wales. The company officially got listed on ASX on 3rd December 2010. The company notified on Friday that its securities would be reinstated to official quotation when the trading will start on 13th May 2019. The securities of the company were placed in a trading halt on 30th April 2019. The trading will commence following the lodgement of the company’s Cash flow Report, and its Quarterly Activities Report for the period ending 31st March 2019. The company released its cash flow and quarterly activities report on Friday for the quarter ending March 2019. The company notified that limited exploration field work was finished during the March quarter as the wet season diminished the progress of activities. The company received outstanding assay results from the initial stage of its Phase 1 drilling program that was accomplished in the Dec 2018 quarter. The company continued to search for the opportunity for exploration and development activities in Central Africa. During the quarter, the company appointed Mr Jess Oram as the Non-Executive Chairman, who took charge on 4th Feb 2019. The cash balance at the bank for the company was $0.040 million at the end of the quarter. Prior to reopening for trade today (13 May 2019), the company’s stock last traded on 30th April 2019 at AUD 0.009. Today, 4CE shares are trading on ASX at AUD 0.008 (as at AEST: 12:20 PM, 13 May 2019), down by 11.111 percent. The company’s stock has generated a negative YTD return of 35.71 per cent.

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