TintinaGold Resources Inc. to Change its Name to Tintina Resources Inc. and Engages National Media Associates for Investor Relations
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/25/11 -- TintinaGold Resources Inc. (TSX VENTURE: TAU) (the 'Company') announces that the directors of the Company and the TSX Venture Exchange have approved changing the name of the Company to Tintina Resources Inc. Under the Company's articles, the name of the Company may be changed by a resolution of the directors. The Company's name change will become effective, and the Company's shares will commence trading on the TSX Venture Exchange under the new name at the opening of trading, on May 26, 2011. The Company's trading symbol has not changed.
Rick Van Nieuwenhuyse, Chairman of Tintina Resources, said: 'Given the tremendous success we have been having at our Sheep Creek copper-cobalt-silver property in Montana, the Board felt that a name change to simply Tintina Resources recognizes the Company's diverse portfolio of projects. We look forward to updating shareholders with future reports on the successful drilling program currently underway to upgrade the Inferred Resource in the Strawberry Butte Upper Copper Zone mineralization to the Measured and Indicated categories, as well as expand the total project resource by drilling the Strawberry Butte Lower Copper Zone and targets in the Strawberry East Area. The Company has also initiated a Preliminary Economic Assessment of the Strawberry Butte Upper Copper Zone mineralization to determine the economic viability of this small, but high-quality, near-surface copper resource.'
The Company is also pleased to announce that it has retained the Florida-based firm of National Media Associates ('NMA'), to conduct media awareness and investor relations programs on behalf of the Company. Headed by Mr. George Duggan, NMA is a long-term media-relations specialist in the natural resource and gold exploration sectors. Duggan will be assisted by Michael Baybak in the execution of the Company's communications programs.
The Company will pay NMA a monthly fee of US$8,000 for the one-year term of the Agreement, but has the right to cancel the agreement after the first six months of service, and/or extend it beyond the initial term. Pursuant to the agreement, TintinaGold will also grant 200,000 incentive stock options to principals of NMA, at an exercise price of $0.90 per share and good for a period of five years; the first 100,000-share option vesting at the conclusion of six months of service and the second 100,000-share option vesting in the first year, subject to any required regulatory approvals.
ON BEHALF OF THE BOARD OF DIRECTORS
Louis A. Lepry, Jr., President & CEO
Cautionary Notice: This release may contain forward-looking statements regarding the possible completion of a change of the Company's name. Actual results could differ materially from those described in this news release as a result of various factors, including, but not limited to the timing of and ability to obtain regulatory approvals. The Company cautions that these and similar statements involve risk and uncertainties and are qualified by important factors, including the risk that the Company will not obtain required approvals, which could cause actual results to differ materially from those in the forward looking statements. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.
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:
TintinaGold Resources Inc.
Phillipe Van Nieuwenhuyse
(604) 628-1162 ext. 236
(604) 628-1163 (FAX)
philvann@tintinagold.com
www.tintinagold.com