ZSE lifts suspension on Falcon Gold’s shares

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    Harare – The Zimbabwe Stock Exchange (ZSE) has lifted the suspension it placed on trading in the shares of gold mining and exploration group, Falcon Gold Limited.

    In a statement published on its website, ZSE referred the public to an earlier announcement where Falgold requested for voluntary suspension on the basis that they had failed to publish their audited financial statements for the period ended 30 September 2018.

    It said Falgold has since taken corrective measures and thereafter applied for the lifting of suspension in the trading of its shares on the ZSE and these include publication of 2018 audited financial results and also publication of the half-year interim results for the period ended 31 March 2019.

    “The Zimbabwe Stock Exchange Limited hereby notifies the investing public of the lifting of suspension in the trading of Falcon Gold Zimbabwe Limited shares with effect from 23 September 2019,” ZSE Chief Executive Officer Justin Bgoni said in a statement.

    “The ZSE Listings Committee satisfied itself that all the compliance issues which led to the voluntary suspension request had been fully met and resolved to lift the suspension with effect from 23 September 2019.”

    In the half-year ended 31 March 2019, the Group’s consolidated loss widened to ZW$27.2 million compared to a loss of ZW$1.7 million in the corresponding period the prior year.

    The company owns Venice Mine in Kadoma and Golden Quarry mine in Shurugwi.

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