Omega Ukama 
FALCON Gold Zimbabwe (Falgold) is seeking shareholder approval to delist from the Zimbabwe Stock Exchange (ZSE), which it says has failed to provide an avenue for funding.
The ZSE halted trading in the shares of the gold-miner in February when it initially made the request.
“While one of the often-cited benefits of a stock exchange listing is the ability to raise new capital through the issuance of stock, this is clearly not the case for Falgold.
“While Zimbabwe has been attempting to encourage foreign investment for its mining industry, economic and political considerations have essentially foreclosed that source of outside investment capital,” Falgold said this week in a statement.
“As a public company that is exclusively traded on the ZSE and only in Zimbabwe, the listing has not recently provided benefit to Falgold. In fact, the ZSE listing has been detrimental, given ongoing legal, compliance and audit costs, and the inability to raise capital through the sale of shares.
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