- Western Troy Capital Resources (WRY) has announced plans to change its name to “Li3 Lithium Corp”
- Shareholders of the company approved the name change at the annual and special meeting held on June 28, 2022
- From August 2, the common shares should start trading on the TSX Venture Exchange under the new name ” Li3 Lithium Corp.” and the new ticker symbol of “LILI”
- The company has also announced that its subsidiary, Li3 Resources, recently paid US$250k to acquire a 50-per-cent interest in the Zimbabwe Mutare Lithium Project
- Li3 Lithium Corp is a lithium-focused exploration and project development company
- Western Troy Capital Resources Inc. was unchanged at $0.05 as at 10:46 AM ET
Western Troy Capital Resources (WRY) has filed articles of amendment to change its name to Li3 Lithium Corp.
Shareholders of the company approved the name change at the annual meeting held on June 28, 2022.
It is expected that on or about August 2, 2022, the common shares of the company should start trading on the TSXV under the new name ” Li3 Lithium Corp.” as well as under the new ticker symbol, “LILI”.
A new CUSIP number has been obtained to replace the previous CUSIP number.
“The name change is timely and appropriate given the company’s pivot and new focus on lithium exploration and development projects,” said Steve Dunn, CEO of the company.
“This represents a new and exciting era for the company as we evaluate additional lithium acquisition opportunities,”he added.
Existing shareholders are not required to take any action regarding the name change. Certificates representing common shares of the company will not be affected by the name change and will not need to be exchanged.
The company would also like to report that its 50-per-cent-owned Li3 Resources has recently advanced US$250k to London AIM-listed Premier African Minerals Limited to exercise the option to acquire a 50 per cent interest in the Zimbabwe Mutare Lithium Project.
These funds will be invested in the Mutare Lithium Project for ongoing exploration works, environmental and technical studies and any administrative expenses.
The Mutare Lithium Project consists of 1,500 hectares of licences within the Mutare Greenstone Belt of Zimbabwe, located close to the eastern border with Mozambique. The area was deemed prospective for LCT-type pegmatites based on prior target generation work.
Li3 Lithium Corp is a lithium-focused exploration and project development company that recently acquired a 50 per cent interest in Li3 Resources Inc.
Western Troy Capital Resources Inc. was unchanged at $0.05 as at 10:46 AM ET.