PERTH (miningweekly.com) – ASX-listed IronClad mining on Friday proposed a name change to Tyranna Resources, following its successful merger with fellow-listed Trafford Resources, which became effective earlier this week.
Trafford shareholders had voted in favour of the proposed merger, which would see shareholders acquire IronClad shares at a rate of one IronClad share for every one Trafford share.
The new name would be placed before shareholders at a general meeting, along with a number of other administrative matters.
“We are excited to be starting a new phase of corporate development and look forward to reporting to shareholders throughout the year about the progress achieved in taking IronClad into a producing gold company,” said IronClad chairperson Ian Finch.
The combined company would hold full ownership of the Wilcherry Hill manganese project, in South Australia, as well as a range of other tin and manganese projects.
Trafford also held a 51% interest in an exploration joint venture with gold miner Kingsgate Consolidated in an area surrounding the Challenger gold mine, in South Australia.