Ivernia considers Alternative Market listing to boost liquidity of shares

MINING company Ivernia West is considering a listing on London’s Alternative Investment Market in a bid to boost the liquidity of its shares and improve its appeal to shareholders.

The company, which left the Irish stock exchange in favour of a move to Toronto, said yesterday it would keep the question of a London listing under review after completing a major financial restructuring programme last year.

Ivernia’s 2,000 Irish shareholders consist mainly of retail investors, who control almost 10% of the company.