TORONTO, Sept. 14, 2022 (GLOBE NEWSWIRE) — Stone Gold Inc. (TSXV: STG) is pleased to announce that it has changed its name to “Copper Road Resources Inc.” (“ Copper Road ” or the “ Company ”). The name change has been accepted by the TSX Venture Exchange (the “ TSXV ”) and approved by the Company’s shareholders and directors, respectively.
It is expected that the Company’s shares will commence trading on the TSXV under the new name at the opening of trading on or about September 15 th , 2022 and under the new trading symbol “CRD”.
John Timmons, the Company’s President & CEO and Director commented, “Management of the Company is very excited to begin the next phase of the Company’s evolution. We are focusing on our two main assets, The Copper Road Project and the adjoining Glenrock Project which are located within the Company’s 21,000-hectare Batchewana Bay District Package, approximately 85km north of Sault St. Marie, Northwestern Ontario.
No further action is required by existing shareholders of the Company with respect to the name change. There is no change in the share capital of the Company. The Company’s new CUSIP number is 217573104. Certificates representing common shares of the Company will not be affected by the name and symbol change and will not need to be exchanged.
The Company is engaged in the acquisition, exploration and evaluation of properties for the mining of precious and base metals.
Caution Regarding Forward-Looking Information
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of the Company. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, details of the exploration results, potential mineralization, the Company’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.