Georgian Mining Corporation (LON:GEO), the gold-copper exploration and development company, announced today that it has changed its name to Empire Metals Limited. The change of name reflects the Company’s developing growth strategy which is anticipated to incorporate investing in and advancing projects in new jurisdictions alongside the development of its current project, the Bolnisi Copper and Gold Project in Georgia.
Trading in the Company’s shares on AIM will commence under the new name Empire Metals Limited and the new TIDM code ‘EEE’ with effect from 8.00 a.m. on Tuesday 11 February 2020. The ISIN VGG3036T1012 and SEDOL BKTZQR4 will apply as at 8.00 a.m. on Thursday 13 February 2020.
The website address, at which the information required pursuant to AIM Rule 26 is available, has been changed to www.empiremetals.co.uk.
Shareholders should note that shareholdings will be unaffected by the change of name.
Neil O’Brien, Georgian Mining Corporation Chairman, said: “The Company recently announced a milestone achievement in unlocking the value of our Bolnisi Copper and Gold Joint Venture, with the receipt of confirmation on the tenure of two of our primary targets and an appeal process about to commence on a third target. Notwithstanding this progress, shareholders will be aware that the Company has faced numerous challenges in Georgia over the past 18 months and as a result the Board has been actively evaluating new assets through which to add value to our portfolio of interests in the near term.
“Today’s name change is intended to reflect our objective of de-risking our growth strategy by diversifying away from a single jurisdiction investment through the addition of projects in new geographies which combine both exceptional mineralised terranes with attractive investment environments.
“We look forward to updating shareholders on our endeavours to expand and diversify our project portfolio in due course.”