Gondwana Oil Corp. Changes Its Name to European Metals Corp.
November 6, 2014 (Source: Marketwired) — NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
Gondwana Oil Corp. (“Gondwana” or the Company”) (CSE:GO) is pleased to announce that Articles of Amendment under the Business Corporations Act were issued to reflect the Change of Name of the Company from “Gondwana Oil Corp.” to “European Metals Corp.” effective at 12:01 a.m. on September 18, 2014.
The name of the Company was changed to better reflect the ongoing operations of the Company, in particular, because of an option to acquire an 80% interest in the Berehaven Copper Mines located in the Allihies Mining District, County Cork, Ireland, for consideration of 300 million shares at a deemed price of $0.05 per common share in the Company and work commitments of $250,000 on or before February 1, 2015 and $2,000,000 on or before March 31, 2016.
The name change was authorized by the voting at its Annual General Meeting of its shareholders held on September 11, 2014 in Toronto, Ontario at which Gondwana received shareholder approval to change the name of the Company to European Metals Corp. To reflect the name change, the Company has obtained a new CUSIP number – 29880P108 and a new ISIN number – CA29880P1080 for its common shares and a new CUSIP number -29880P116 and a new ISIN number -CA29880P1163 for its warrants. The Company will commence trading under the new name on The Canadian Securities Exchange (the “CSE”) with the new trading symbol “ECU” at the opening of trading on November 7, 2014.
There is no change in the share capital of the Company, and shareholders are not required to exchange their existing share certificates for new certificates.
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The CSE has not reviewed, approved or disapproved the content of this press release.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Gondwana Oil Corp., including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>