Golden Peaks changes name
Saturday, January 14 2012 - 03:29 AM WIB
Golden Peaks Resources Ltd. said it had changed its name to Reliance Resources Limited since November last year.
The company announced on Friday that its shareholders approved the name change at the annual and special meeting on November 17, 2011
Subject to the Toronto Stock Exchange's acceptance, the common shares of the company was scheduled to commence trading on the Exchange under the new name and ticker symbol "RI" at the opening of business on Thursday, January 12, 2012 .
The name change aligns the company and its operating subsidiaries in three continents under the Reliance Brand.
Holders of the Company's share and warrant certificates do not need to take any action as a result of the name change.
The company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base.
All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. All projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).
Editing by Benget Besalicto Tnb.