Ivernia West to cancel listing

Exploration company Ivernia West will cancel its listing on the Exploration Securities Market in Dublin from January 23rd next. The company's shares will continue to trade on the Toronto Stock Exchange. Ivernia transferred its primary listing to Toronto in January last year, as a result of the downturn in interest in exploration stocks on the Irish stock market. Since the switch to Toronto, however, the collapse in the zinc market has had a devastating effect on Ivernia's share price. From a high of one Canadian dollar, the shares fell to a low of Can$0.08 and are currently trading at Can$0.11.