- Golden Birch Resources (GBRX) has announced the results of its annual general meeting
- At the annual meeting, shareholders approved the the change of the company’s name to PNG Copper Inc.
- The company also announced updates to its upcoming drill program, which is expected to commence at the beginning of August
- Golden Birch Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New Guinea
- Golden Birch Resources Inc. (GBRX) is up 21.74 per cent, trading at $0.14 per share
Golden Birch Resources (GBRX) has announced the results of its annual general meeting, including an update on the upcoming drill program.
At the annual meeting, shareholders approved the election of five new directors of the company, the reappointment of the company’s auditors, and the change of the company’s name to PNG Copper Inc.
The company expects the name change to take place in the next two weeks, at which time it will also begin trading under the symbol PNGC.
Iain Martin, Golden Birch’s president and interim CEO, and Steve Balch, director of the company, outlined the company’s plans for its upcoming drill program.
The 3,000-metre program will allow Golden Birch Resources to earn-in 51 per cent of its two exploration licenses and will commence at the beginning of August of this year.
Management expects that the program will be completed in late 2021.
Future programs will include an additional 10,000 metres of drilling to earn-in up to 85 per cent in the company’s exploration licenses.
Golden Birch Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New Guinea.
The company’s core values are respect for the community, the landowners, and the environment, and operating a safe workplace for its employees.
Golden Birch Resources Inc. (GBRX) is up 21.74 per cent, trading at $0.14 per share as of 2:36 pm ET.