Troy Resources NL: ASIC Approves Change of Company Type and Name
09.01.2012 | Marketwire
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESPERTH, WESTERN AUSTRALIA -- (Marketwire - Jan. 9, 2012) - Troy Resources NL ("Troy" or "the Company") (TSX:TRY) (ASX:TRY) Troy is pleased to announce that effective from 6 January 2012 the Australian Securities and Investment Commission has approved:
1. Change of Company type, from "no liability" to "a company limited by shares" and;
2. Change in the Company's name, from "Troy Resources NL" to "Troy Resources Limited"
as resolved by shareholders on 24 November 2011 at the Company's Annual General Meeting. Accordingly the Revised Constitution also resolved for adoption subject to the above changes at the 2011 AGM is now adopted and will be released as a separate announcement.
ABOUT TROY RESOURCES
Troy Resources (TSX:TRY) (ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; Andorinhas Mine in Para State, Brazil and the Casposo gold and silver mine, in San Juan province, Argentina.
Troy has an experienced Board and management team with a track record of successful, fast-track mine development and low-cost operations.
Troy has an annual exploration budget in excess of $15 million and a proven track record in exploration discoveries and strategic acquisitions.
Following the development of the Casposo project in Argentina, Troy has entered a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.
The Company is well positioned to continue its path of strong growth and profitable operations, and on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.
The Company maintains a robust balance sheet and forecasts continued strong cash flow from its current assets. Troy's gold production is unhedged; allowing its shareholders access to the full benefit of current and future gold price upside.
Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.
ABN 33 006 243 750
Contact Information
Troy Resources Limited
Mr David Sadgrove
Company Secretary
(61 8) 9481 1277
troy@troyres.com.au
www.try.com.au