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.