(Pic Courtesy of Magnum Gas & Power)

Magnum Gas & Power Limited has dual listed 100% of its issued ordinary capital on the Venture Capital Market of the Botswana Stock Exchange (BSE). The listing took place on 1 December 2014 and the sponsoring broker for the secondary listing of the securities on the BSE is Imara Capital Securities (Pty) Limited.

ASX remains the primary listing for Magnum and as a result there will be no change to current arrangements with ASX. According to the company, the application to dual list Magnum’s ordinary securities on the BSE has been made in large part to affirm its commitment to Botswana and to the development of its wholly owned Unconventional Gas and Petroleum Projects in that country.

The listing will widen the company’s shareholder base and afford Botswana investors the opportunity to participate in future fund raisings to progress the company’s projects. It will also allow Botswana, South African and European investors and institutions another path to ownership of Magnum shares.

Equally, it will assist in creating greater public awareness of both the company and the Unconventional Gas and Petroleum market in southern Africa.

Magnum Gas & Power Ltd is an energy exploration and development company with an exploration portfolio including Coal Bed Methane and Petroleum exploration in Botswana, Africa and Coal Seam Gas exploration in New South Wales, Australia. The company’s Board of Directors and management team has extensive experience in the exploration, development and capital markets for energy and resources projects.