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Zinc One Resources completes stock split, Scotia project acquisition

Zinc One Resources Inc. said Jan. 24 that it changed its name to Zinc One Resources Inc., effective the same day, to reflect its strategy to become a zinc-focused exploration and development firm.

The company also undertook a 1.5-for-1 forward stock split and change its ticker to Z.

As a result, the company now has 56,391,240 post-split shares from 37,594,160 pre-split shares.

In addition, Zinc One said it obtained acceptance from the TSX Venture Exchange to acquire a 100% interest in the Scotia zinc property in British Columbia from Aldever Resources Inc.

Under the terms, the company is required to pay an aggregate C$50,000 and issue a total of 900,000 common Zinc One shares. The company will also incur C$500,000 in exploration expenditures at the property by the second year of the agreement.