Business
Zincore, to be Renamed Golden Cross Resources, Announces Filing of Technical Report and Timing of Name Change and Consolidation
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2025) - Zincore Metals Inc. (TSXV: ZNC.H...
About this update from Golden Cross Resources Inc.
[{"type":"text","content":"Zincore, to be Renamed Golden Cross Resources, Announces Filing of Technical Report and Timing of Name Change and ConsolidationVancouver, British Columbia--(Newsfile Corp. - April 11, 2025) - Zincore Metals Inc. (TSXV: ZNC.H) (the \"Company\") is pleased to announce that it has filed a technical report with an effective date of January 1, 2025 (the \"Technical Report\") in respect of the Reedy Creek and Providence gold projects in Victoria, Australia (the \"Project\"). The Technical Report was prepared in connection with the Company's proposed acquisition of the Project from Great Pacific Gold Corp. (the \"Vendor\"), as previously disclosed in the Company's news releases dated December 3, 2024, February 13, 2025 and March 12, 2025. The Technical Report was completed pursuant to the Canadian Securities Administrators' National Instrument 43-101 and was authored by independent Qualified Person, Mr. Kell Nielsen, BSc (Geol), MSc (MinEcon), FAusIMM, of Mannika Resources Group Pty Ltd. The Technical Report is available under the Company's SEDAR+ profile at www.sedarplus.ca.Name Change and ConsolidationThe Company is also pleased to announce that it will implement the previously announced consolidation (the \"Consolidation\") of its issued and outstanding common shares (the pre-Consolidation common shares in the authorized structure of the Company being referred to as, the \"Common Shares\") on the basis of one (1) new common share in the authorized structure of the Company (the \"Post-Consolidation Common Shares\") for each 2.5 old Common Shares, effective as of April 15, 2025. Concurrent with the Consolidation, the Company will also change its name from \"Zincore Metals Inc.\" to \"Golden Cross Resources Inc.\" (the \"Name Change\").The Consolidation and the Name Change are being completed in connection with the Proposed Transaction (as defined herein). As previously announced, the Company entered into a share purchase agreement dated effective December 3, 2024 (the \"Definitive Agreement\") among the Company, the Vendor and 1513609 B.C. Ltd., a wholly-owned subsidiary of the Vendor (\"BC Subco\"), pursuant to which, subject to regulatory approval, the Company will acquire 100% of the issued and outstanding shares of BC Subco (the \"Proposed Transaction\"), which will hold, through an Australian subsidiary, a 100% interest in and to...