Lithic Resources Ltd. (TSXV:LTH) has announced a name and ticker symbol change to InZinc Mining Ltd., with new trading symbol “IZN” on the TSX Venture Exchange, effective February 19, 2014. No share consolidation and corporate reorganization are required.
As quoted in the press release:
“Our new name, InZinc Mining, reflects the Company’s renewed confidence in the economic and development potential of our 100% owned West Desert Project in western Utah,” stated Chris Staargaard, President and CEO of InZinc. “Global zinc supply is expected to undergo a significant decrease over the next few years due to the planned closure of a number of large, end-of-life zinc mines. InZinc is positioning itself to help fill that supply gap by advancing West Desert into an efficient mid-tier zinc producer in mining-friendly Utah.”