start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

12/5/16

Mining PRs and the Ottotrans™, Part 95

 

Our occasional series is back for its 95th incarnation and today we celebrate the genius that is Amir "Adam" Adnani over at Brazil Resources, soon to be re-named. So on with the Ottotrans™:

VANCOUVER , Dec. 5, 2016 /CNW/ - Brazil Resources Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce that its board of directors has approved a change of its name to "GoldMining Inc.", effective December 6, 2016 , in order to better reflect its existing business. The Company also announces that it will concurrently complete a continuation (the "Continuation") under the Canada Business Corporations Act (the "CBCA").
Chairman of the Board, Amir Adnani , stated: "We are pleased to change the name of the Company to GoldMining Inc. to better reflect our diversified project portfolio and strategy to build a leading gold acquisition and development company throughout the Americas. With more than $21 million cash on hand – and now, a name that better reflects our Company's objectives – we plan to continue our exceptional growth with additional low-cost acquisitions of high quality gold projects, to build value throughout this period of a weak gold price environment."
The Company's common shares are expected to commence trading on the TSX Venture Exchange (the "TSX-V") under the new symbol "GOLD" and on the OTCQX International market (the "OTCQX") under the new symbol "GLDLF" on December 7, 2016 .  The Company expects that on the same date its listed warrants will commence trading on the TSX-V under the new symbol "GOLD.WT" and on the OTCQX under the new symbol "GOLWF".  
In connection with the Continuation, the Company will adopt new Articles and By-Laws under the CBCA, copies of which are available under the Company's profile at www.sedar.com . The new By-Laws include, among other things, advance notice provisions whereby a shareholder seeking to nominate a candidate for a board seat must provide timely notice in proper form to the Company in advance of meetings of shareholders where directors are to be elected.
The Continuation, including the adoption of new Articles and By-Laws, and related matters were approved by shareholders of the Company at its annual general and special meeting held on November 23, 2016 .
The CUSIP numbers assigned to the Company's common shares and listed warrants under its new name will be 38149E101 and 38149E119, respectively. No action will be required by existing shareholders or holders of warrants with respect to the name change or the Continuation. Certificates representing common shares and warrants of Brazil Resources will not be affected by the name change or the Continuation and will not need to be exchanged. The Company encourages any shareholder or warrantholder concerns in this regard to be directed to such person's broker or agent.
About GoldMining Inc./Brazil Resources Inc.

And this is what it means:

VANCOUVER , Dec. 5, 2016 /CNW/ - Brazil Resources Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce that its board of directors has approved a change of its name to "TwatMining Inc.", effective December 6, 2016 , in order to better reflect its existing business. The Company also announces that it will concurrently complete a continuation (the "Continuation") under the Canada Business Corporations Act (the "CBCA").
Chairman of the Board, Amir Adnani , stated: "We are pleased to change the name of the Company to TwatMining Inc. to better reflect the type of person we wish to attract as a shareholder."
The Company's common shares are expected to commence trading on the TSX Venture Exchange (the "TSX-V") under the new symbol "TWAT" and on the OTCQX International market (the "OTCQX") under the new symbol "TWTLF" on December 7, 2016 .  The Company expects that on the same date its listed warrants will commence trading on the TSX-V under the new symbol "TWAT.WTF" and on the OTCQX under the new symbol "TWTWTF".  

About TwatMining Inc./Brazil Resources Inc.