Uragold Bay Resources Changing Name to HPQ Silicon Resources and Stock Symbol In Preparation For Gold Asset Spin Out

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[{"type":"text","content":"Uragold Bay Resources Changing Name to HPQ Silicon Resources and Stock Symbol In Preparation For Gold Asset Spin Out(via Thenewswire.ca)\n\n \nMontreal, Quebec, Canada / TheNewswire / July 11, 2016 - Uragold (TSX Venture: UBR) is pleased to announce that its has received, from Industry Canada, a Certificate of Amendment under the Canada Business Corporations Act confirming the legal name of the Corporation has been changed to HPQ Silicon Resources Inc. \n\n\n \nIn addition, the Company will be changing its TSX Venture stock symbol to HPQ.\n\n\n \nThe exact date for the retirement of the old symbol and the start of trading under the symbol HPQ has not yet been finalized by the exchange but is expect shortly. It will be preceded by the issuance of a bulletin by the Exchange announcing the change.\n\n\n \nREASON FOR NAME AND STOCK SYMBOL CHANGE\n\n\n \nOn March 11, 2016, the Company announced \"Uragold Plans To Issue Dividend To Shareholders Via Spin Out Of Gold Projects\". The purpose of the spin out was to segregate the company's valuable but diverse holdings to unlock even greater value for shareholders as follows:\n\n\n \n\n\n1.High Purity Quartz & Solar Grade Silicon Metal Process - These assets and operations will remain within HPQ Silicon Resources (formerly \"Uragold Bay\"). \n\n\n\n2.The Beauce Gold Project - This asset will be spun out into a new publicly listed vehicle, with details to be announced in the very near future. Shareholders of HPQ Silicon Resources (formerly \"Uragold Bay\") will receive shares in the new company. \n\n\n\n\n \nUpon completion, shareholders of the company will own shares in two exciting companies, each of which will independently focus and advance their respective assets to create even further shareholder value.\n\n\n \nA NEW CORPORATE IDENTITY\n\n\n \n\"Our new corporate identity represents another milestone in the Company's transformation into a vertically integrated and diversified High Value Specialty Materials Company. We will be exclusively focused on becoming a High Purity Quartz Supplier and the Cleanest, Greenest and Lowest Cost Producer of Solar Grade Silicon Metal, thanks to our exclusive worldwide licenses to use PyroGenesis' PUREVAP(TM) Quartz Vaporization Reactor, (\"QVR\"),\" said Bernard J Tourillon Chairman and CEO. \"We plan to reveal a more complete view of the HPQ Silic...

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