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IronClad proposes name change to Tyranna Resources

8th May 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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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.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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