Glengarry Resources Ltd

Published : February 25th, 2010

Proposed Change of Name to Centaurus Metals Limited

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Keywords :   Brazil | Growth | Iron | Lead | Market |

 

 

Glengarry Resources Limited (ASX: GGY)

 

ASX/MEDIA RELEASE                                                                                                                            25 February 2010

 

Proposed Change of Name to Centaurus Metals Limited

 

Following the recent completion of its merger with Centaurus Resources Limited, the Board of Glengarry Resources Limited (ASX Code: GGY) (?Glengarry?) proposes to change its name to Centaurus Metals Limited (ASX Code ?CTM? has been reserved).

 

The new name will more accurately reflect the Company?s focus on developing a long-term Brazilian iron ore business and capture the significant goodwill that the Centaurus branding has already created in Brazil.

 

The Centaurus Metals name will support the Company?s new Domestic Iron & Steel Strategy and Export Market Strategy put in place to leverage off and directly access the strong growth in Brazil  especially over the next five years in the lead up to the 2016 Olympic Games to be held in Rio de Janiero.

 

Commenting on the proposed name change, Glengarry?s Managing Director, Mr Darren Gordon said:  ?With the completion of the recent merger, we are now looking at rapidly developing our Brazilian iron ore operations and changing our name was a logical next step given the strong and overwhelmingly positive presence the Centaurus name has established in Brazil.?

 

A General Meeting of Shareholders to approve the Change of Name is scheduled for 31 March 2010, and a Notice of Meeting will be mailed to Shareholders shortly.

 

- ENDS -

 

Released By:                                                                                                                      On behalf of:

Nicholas Read                                                                                                                    Mr Darren Gordon

Read Corporate                                                                                                                 Managing Director

Mb: (+61) 419 929 046                                                                                                      Glengarry Resources Ltd

Tel: (+61-8) 9388 1474                                                                                                      Tel: (+61-8) 9322 4929

 

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Data and Statistics for these countries : Brazil | All
Gold and Silver Prices for these countries : Brazil | All

Glengarry Resources Ltd

EXPLORATION STAGE
CODE : GGY.AX
ISIN : AU000000GGY7
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Glengarry is based in Australia.

Glengarry holds various exploration projects in Australia.

Its main exploration properties are GREENVALE PROJECT, MT GUIDE and SANDY CREEK (EPM 14987) in Australia.

Glengarry is listed in Australia. Its market capitalisation is AU$ 23.2 millions as of today (US$ 21.6 millions, € 15.8 millions).

Its stock quote reached its highest recent level on March 31, 2000 at AU$ 0.34, and its lowest recent point on September 21, 2001 at AU$ 0.01.

Glengarry has 286 003 678 shares outstanding.

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Corporate news of Glengarry Resources Ltd
4/8/2010Resource Drilling Commences at Passabem Iron Ore Project
2/25/2010Proposed Change of Name to Centaurus Metals Limited
2/11/2010Significantly Expands Iron Ore Tenement Footprint in Brazil
11/11/2009and Centaurus Announce Merger to Create New International Ir...
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