Key points
- The Nasdaq listing application was approved.
- The company is developing its mining system with SubSea Offshore Ltd, a subsidiary of Dresser Industries.
- Commercial production remains on schedule to begin in the third quarter of 1997.
- The official listing ceremony will take place on April 11, 1997.
The company’s application to list shares on the Nasdaq Stock Exchange has been approved.
The company is currently developing its mining system with SubSea Offshore Ltd, a subsidiary of Dresser Industries. Commercial production is on schedule to begin in third quarter 1997. The official listing ceremony will take place on April 11 1997.
