Coeur to delist from Australian stock exchange

Posted: Thursday, September 16, 2010

Coeur d'Alene Mines Corp. has announced it will from the Australian Stock Exchange.

According to a news release, the decision came about because of Coeur's low amount of CHESS Depository Interests, or CDIs, on the Australian exchange. CHESS is the electronic settlement system used in Australia.

The release also cited a low level of trading in Australia compared to that of the New York Stock Exchange and the Toronto Stock Exchange, which Coeur also lists common shares on.

According to the release, its CDIs on the ASX only represent about 4.95 percent of its total outstanding common shares.

Coeur is the parent company of Coeur Alaska, which owns the Kensington Gold Mine.

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