Business
Northern Iron Corp. Announces New Name and Symbol
(via TheNewswire) Name Change:-"Lithium Energy Products Inc." Ticker...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Northern Iron Corp. Announces New Name and Symbol(via TheNewswire)\n \n \nName Change:-\"Lithium Energy Products Inc.\"\n\n\n \nTicker Symbol Change:- \"LEP\" \n\n \n \nVANCOUVER, BRITISH COLUMBIA, CANADA / TheNewswire / December 7, 2016\n\n\n \nNorthern Iron Corp. (\"Northern Iron\" or the \"Company\") (TSX-V: NFE) (FRANKFURT: N8I) today announced that it has filed articles of amendment to give effect to a change of the Company's name to \"Lithium Energy Products Inc.\" (the \"Name Change\"). The Name Change was approved by special resolution at a special meeting of shareholders of the Company held on November 30, 2016.\n\n\n \nBasil Botha, Executive Chairman and President of the Company, commented, \"The changes announced today reflect the Company's new strategic direction. There is a \"New Energy\" industry rapidly evolving around automotive and energy storage batteries and lithium will be central to tapping into this opportunity. The Company's lithium assets and resources will be our main focus over the next phase of development as we seek to support the growth of the power battery manufacturers in Asia. Our business development team has just returned from a very successful tour of the largest power battery makers in China and as a result we are hopeful that we will attract both off-take agreements and strategic investment in the near term.\" \n\n\n \nThe Company expects that its common shares will commence trading on the TSX Venture Exchange under the new name and ticker symbol \"LEP\" upon the opening of the markets on December 8, 2016. \n\n\n \nThere is no consolidation or change in the share capital of the Company. Shareholders are not required to exchange their existing share certificates for new certificates bearing the new Company name, and shares held electronically will be booked automatically.\n\n\n \n\n\nAbout Lithium Energy Products Inc.\n\n\n \nLithium Energy Products Inc. (formerly Northern Iron Corp.) has 3 highly prospective lithium properties in Nevada and Arizona.\n\n\n \nJackpot Lake -Moapa Valley, Nevada\n\n\n \n\n\n-100% owned -2800 acres - 140 claims;\n\n\n\n-35 km NE of Las Vegas;\n\n\n\n-1976 USGS completed 129 core samples;\n\n\n\n-Spectrographic and atomic-absorption analyses of 135 stream sediment \n\n\n\n\n \nsamples confirmed potential for lithium mineral deposits;\n\n\n \n\n\n-Highest Lithium va...