TSX Trust Company* Offers Ongoing Support to Mining Companies
Exploration and extraction are the primary focus of a mining company. This leaves many back-office functions, such as corporate trust and transfer services, to be delegated to external suppliers, highlighting the importance of due diligence when selecting a provider.
Loui Anastasopoulos, president of the newly named TSX Trust Company, highlights several key criteria and the process for selecting the best provider of these services, which are a critical part of all corporate transactions, including acquisitions, takeovers, shareholder meetings, project finance, warrant issues, among others. You should assess a company based, among other factors, on trustworthiness, efficiency, compliance, security and flexibility, Mr. Anastasopoulos says.
The first step in selecting a provider is to examine the range of services a trust company provides and to meet their team, he suggests. Ask questions about their track record, their approach and the credentials of key team members, their experience with mining companies and any specialization.
TSX Trust clients include several mining companies: Hudbay Minerals, Thompson Creek, Alix Resources, Mirabela Nickel, Aura Minerals, Katanga Mining, Avion Gold Corporation and Newmont Mining.
Commenting on the new name, Mr. Anastasopoulos says the change is essentially a branding upgrade that better reflects TSX Trust’s service to clients.
“Our new name, TSX Trust, is concise, conveys the strength of the Toronto Stock Exchange brand and capabilities, and emphasizes a critical feature of our business—our trust company services. There has been no change in the overall organizational structure, and we will continue to provide the same full suite of corporate trust and securities transfer services with reliability and efficiency.”
For more information on TSX Trust services, contact the corporate sales or client management teams.
*Previously named TMX Equity Transfer Services.
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