07:42 AM EST, 01/24/2025 (MT Newswires) -- Marimaca Copper ( MARIF ) on Friday said it deposited a prospectus with the Australian Securities and Investments Commission (ASIC) for its proposed listing on the Australian Securities Exchange (ASX).

Marimaca aims to offer 100 common shares in the form of CHESS Depository Interests (CDIs) at an issue price of A$6.00 per CDI for proceeds of A$600. Each CDI will represent one share. The offer is expected to open around Feb. 4, and close a week later. Trading of CDIs on the ASXi is scheduled for mid-March.

"As we move closer to a construction decision for the Marimaca Oxide Deposit, and continue our aggressive exploration plans, a broader pool of capital will become increasingly important to our company. We believe a dual listing on the ASX complements and enhances the strong support we have received from our TSX shareholder base," said Hayden Locke, President & CEO

The company has also submitted its permit application for the Marimaca Oxide Deposit in northern Chile and expects to have more information on anticipated timelines towards the end of next month. The Definitive Feasibility Study is expected to be finalized in the second quarter.