VANCOUVER, British Columbia, Sept. 27, 2017 (GLOBE NEWSWIRE) — Dynasty Metals & Mining Inc. (“Dynasty” or the “Company“) (TSXV:DMM) (OTCQX:DMMIF) is pleased to announce that effective September 28, 2017, the Company’s name will be changed to “Core Gold Inc.” and its common shares will commence trading on the TSX Venture Exchange under the new trading … Continued
VANCOUVER, British Columbia, Sept. 27, 2017 (GLOBE NEWSWIRE) — Dynasty Metals & Mining Inc. (“Dynasty” or the “Company“) (TSXV:DMM) (OTCQX:DMMIF) is pleased to announce that effective September 28, 2017, the Company’s name will be changed to “Core Gold Inc.” and its common shares will commence trading on the TSX Venture Exchange under the new trading symbol “CGLD”. The Company’s new website is www.coregoldinc.com.
Keith Piggott, Chief Executive Officer, commented: “A year after our investment in the Company and changes to management and the Board of Directors, we are excited to turn the page to a new chapter. Our restructuring efforts have impacted all areas of the Company, including gold production, exploration, our balance sheet, operating practices, cost efficiencies, employees and community and government relations. Our new name, “Core Gold Inc.,” better defines our focus as a gold producer and our “core” objectives: to be a leading gold producer in Ecuador, operating profitable mining units and applying sustainable, safe and environmentally friendly practices in the communities in which our projects are located, as well as building value for our shareholders through growth in production and investments in exploration. We believe the Company is well positioned to overcome the challenges that new management inherited and move forward towards more stable production that will act as a platform for greater success and profitability.”
Concurrent with the name change, the Company will also complete a continuation (the “Continuation“) under the Business Corporations Act (British Columbia), and adopt new Notice of Articles and Articles of the Company in connection therewith. A copy of the new Articles will be available under the Company’s profile at www.sedar.com. The name change and the Continuation were approved by shareholders at the Company’s annual general and special meeting held on August 17, 2017.
The CUSIP number assigned to the Company’s common shares under its new name will be 21871K107. No further action is required by existing shareholders with respect to the name change and the Continuation. Certificates representing common shares of Dynasty will not be affected by the name and symbol change or the Continuation and will not need to be exchanged. Shareholders may contact their broker or agent with any questions in this regard.
The Company expects to complete its symbol change to “CGLDF” on the OTCQX by October 6, 2017.
About Core Gold Inc./Dynasty Metals & Mining Inc.
The Company is a Canadian based mining company involved in the mining, exploration and development of mineral properties in Ecuador. The Company is currently focused on gold production at its wholly-owned Dynasty Goldfield project and continued development at its Zaruma mine. Mineral is treated at the Company’s wholly-owned treatment plant close to the Zaruma mine operations. The Company also owns other significant gold exploration projects including the Jerusalem Project (located 30 kilometres south of the Fruta del Norte project), the Copper Duke area and the Linderos area in southern Ecuador.
For further information please contact:
Keith Piggott, CEO
Suite 1201 – 1166 Alberni Street
Vancouver, B.C. V6E 3Z3
Phone: +1 (604) 345-4822
This news release contains statements which are, or may be deemed to be, “forward-looking information” which are prospective in nature. Such information in this news release includes statements relating to the timing of the name and symbol change and the Continuation, the timing of the symbol change on the OTCQX, the Company’s production and business plans, including operations in Ecuador, and its financial position. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause Dynasty’s actual results, revenues, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Important risks that could cause Dynasty’s actual results, revenues, performance or achievements to differ materially from Dynasty’s expectations include, among other things, less than anticipated gold production, higher than expected production costs, unexpected delays in increasing production capacity, mining operations being suspended or terminated and the risks found in Dynasty’s Annual Information Form for the year ended December 31, 2016, which is available on SEDAR at www.sedar.com. Other than in accordance with regulatory obligations, Dynasty is not under any obligation and Dynasty expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.