Solvista Gold Announces Name Change and Shareholder Meeting Results
TORONTO, ONTARIO--(Marketwired - Oct 19, 2015) - Solvista Gold Corp. ("Solvista"or the "Company") (TSX VENTURE:SVV)(OTCQX:SVVZF) announces that further to its news release dated September 8, 2015, the TSX Venture Exchange has approved the change of name (the "Name Change") of the Company from "Solvista Gold Corp." to "Rockcliff Copper Corporation". The Name Change will become effective at the opening of the market on October 21, 2015 under the new symbol "RCU". The CUSIP number assigned to the Company's shares following the Name Change is 77288Q103. The Company understands that in certain cases a change in CUSIP number may cause a temporary interruption in electronic trading in the United States of America and/or the exit by the Depository Trust Company from a position in the Company's common shares. Any United States' shareholders that are concerned with the interruption of electronic trading following the effective time of the Company's new CUSIP number are encouraged to contact their broker.
The Company is also pleased to announce that all items of business listed in the management information circular of the Company dated September 2, 2015 for the 2015 Annual and Special Meeting of Shareholders (the "Shareholders") of the Company were approved, including the election of the following nominees as directors of the Company: Donald H. Christie, Gerald P. McCarvill, G. Edmund King, R. Bruce Durham, Kenneth Lapierre and William Johnstone.
Shareholders further approved: (i) a consolidation (the "Consolidation") of the Company's issued and outstanding common shares on an up to one (1) (new) for five (5) (old) basis; (ii) the Company's incentive stock option plan; and (iii) the appointment of McGovern, Hurley, Cunningham, LLP, Chartered Accountants, as auditors of the Company for the upcoming fiscal year. Notwithstanding approval of the Consolidation by the Shareholders, the board of directors of the Company, in its sole discretion, may revoke the resolution approving the Consolidation and abandon the Consolidation without further approval, action by, or prior notice to Shareholders. Although the Company has no immediate plans to implement the Consolidation at this time, it will notify Shareholders if it decides to proceed.
About Solvista Gold Corporation
Solvista Gold Corp. is a Canadian resource exploration company focused on discovery and resource expansion of its high-quality mineral properties at its Snow Lake Project. On June 18, 2015, Solvista merged with Canadian explorer Rockcliff Resource Inc. Solvista now controls the Snow Lake Project in central Manitoba, totalling in excess of 35,000 hectares. The project includes one (1) VMS high grade copper rich NI 43-101 Resource (Rail), two (2) historic high grade VMS copper deposits (Lon and Talbot), a net smelter return royalty on the Tower Property which hosts the T-1 Copper Deposit, numerous properties with untested geophysical anomalies and several additional properties with VMS potential ((Freebeth (optioned to HudBay), Dickstone North and Tramping)). Solvista also owns a zinc-silver rich NI
43-101 Resource (Shihan) in Ontario. Solvista controls two gold projects, Caramanta and Guadalupe located in Colombia, South America. These two projects cover approximately 44,000 hectares in the Antioquia province of Colombia.
Solvista is well funded and has no debt.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Solvista Gold Corp.
Ken Lapierre, P.Geo
President & CEO
(416) 644-1752; cell (647) 678-3879
klapierre@solvistagold.com