Talon Resources has switched from the Main Market to AIM after the shell previously known as Medcaw Investments secured the acquisition of a gold project in Canada. The infrastructure and regulatory regime in Ontario make the project attractive.
The strong gold price means that this could be a highly cash generative asset that is attractive to investors. Longer-term, other North American projects could be brought into the company.
Trading in the shares had been suspended at 2.75p in December when the potential deal was announced. Trading recommenced on AIM at 2.125p before the share pric...
