Canadians eye UK floats

CANADIAN mining and energy companies are likely to flock to London to raise funds after being squeezed in Toronto.

Huge interest in cannabis firms since 2016 has soaked up cash, making it hard to raise cash on Toronto’s usually mining-friendly market. That makes London, a worldrenowned market for resources firms, more attractive for a second listing.

Trinidad-focused oil and gas firm Touchstone Exploration was listed in Toronto when it joined AIM in 2017, with chief executive Paul Baay claiming: ‘I am certain we will see numerous [Canadian] companies raise capital and list in London during 2019.’