Toronto, Ontario--(Newsfile Corp. - February 27, 2015) - Goldspike Exploration Inc. (TSXV: GSE) (the "Corporation") announces that it will complete a vertical amalgamation of its wholly owned subsidiary, Nevada Zinc Corporation, effective as of March 6, 2015. Concurrent with the vertical amalgamation, the name of the Corporation will change from "Goldspike Exploration Inc." to "Nevada Zinc Corporation" ("Newco"). The common shares of Newco will be listed under the stock symbol "NZN" on the TSX Venture Exchange and are expected to begin trading under the new symbol and name on or about March 6, 2015. The CUSIP number assigned to the common shares of Newco following the name change is 64151W102.
"We implemented the name change to reflect the current asset base of the corporation and our opportunity to discover and define a significant zinc resource at our 100% owned, Lone Mountain Property in Nevada" said Bruce Durham, President and CEO. "The current outlook for zinc remains robust. Global zinc production levels are declining and strong growth in the construction and automotive manufacturing sectors continues to push the forecasted demand for zinc higher."
About the Corporation
The Corporation is a discovery driven, early-stage mineral exploration company with a proven management team focused on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Corporation's existing projects are located in Nevada and Yukon.
For further information contact:
Bruce Durham, President and CEO
4 King Street West, Suite 1500
Toronto, Ontario
M5H 1B6
Office: 416-504-8821
bdurham@goldspike.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements and Information: The forward-looking statements contained in this document are based on certain key expectations and assumptions made by the Corporation. Although the Corporation believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals or satisfy the conditions to change the name of the Corporation, risks associated with the precious and base metals industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures, the uncertainty of reserve estimates, the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Certain of these risks are set out in more detail in the Corporation's most recent Management Discussion and Analysis which have been filed on SEDAR and can be accessed at www.sedar.com. The forward-looking statements contained in this document are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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