North Atlantic Resources Ltd. Changes Name to Legend Gold Corp and Named to 2011 TSX Venture 50
TORONTO, ONTARIO -- (Marketwire) -- 02/17/11 -- North Atlantic Resources Ltd. (the 'Company' or 'North Atlantic') (TSX VENTURE: NAC) is pleased to announce that at a Special Meeting of Shareholders held on February 16, 2011 the Shareholders passed a resolution to amend the Company's Articles to change the name of the Company to Legend Gold Corp. Effective today, North Atlantic Resources Ltd. will be named Legend Gold Corp ('Legend Gold'). Legend Gold Corp. will begin trading under the symbol 'LGN' at the opening of trading Friday, February 18, 2011 on the TSX Venture exchange.
'We are pleased to announce that we successfully changed the name of North Atlantic Resources Ltd. to Legend Gold Corp. This milestone change reflects our view that Legend Gold Corp. has attained a critical point in its development. Our fully funded drill projects at Tiekoumala and Lakanfla will now proceed under the Legend Gold banner. This change demonstrates our belief that Legend Gold has achieved positive momentum for the development of its projects. This change also provides a fresh identity that coincides with the legend of West Africa's rich history of gold discovery and development,' noted Scott Waldie, President and CEO of Legend Gold.
North Atlantic Resources is also honoured to be recognised by being named to the 2011 TSX Venture 50, a ranking of strong performing companies listed on TSX Venture Exchange on February 15, 2011. The 2011 TSX Venture 50 companies were chosen based on the following criteria, with equal weighting assigned to each: share price appreciation, trading volume, market capitalization growth and analyst coverage. This elite group of companies is comprised of ten companies from each of five sectors; Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences. Please see www.tmx.com for details of the 2011 TSX Venture 50 rankings.
'Being named to the TSX Venture 50 is truly a mark of distinction. I am particularly proud to receive this honour as recognition for all the hard work that all the Legend Gold team have devoted to Legend Gold, both in the Republic of Mali, and here at home,' stated Scott Waldie, President & CEO of Legend Gold.
About The Company
North Atlantic Resources Ltd. is a mineral exploration and development company focused on exploring for gold in the Republic Of Mali, West Africa. Our four main projects are the Tiekoumala, Lakanfla, Diokeba, and Dalakan projects. In recent years, we have made significant gold discoveries on the Tiekoumala project located in Southern Mali, and the Lakanfla project located in Western Mali. North Atlantic has 58,826,124 common shares issued and outstanding (82,543,018 shares on a fully diluted basis). Please visit our website www.legendgold.com to for more information about our projects.
Neither the 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.
Contacts:
North Atlantic Resources Ltd.
Scott Waldie
President & CEO
(416) 703-6348
info@nac-tsx.com
Renmark Financial Communications Inc.
Jason Roy
(514) 939-3989 or (416) 644-2020
jroy@renmarkfinancial.com
Renmark Financial Communications Inc.
Matthew Planche
(514) 939-3989 or (416) 644-2020
mplanche@renmarkfinancial.com
www.renmarkfinancial.com