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Sula Iron & Gold to rename as Sula Gold

London-listed Sula Iron & Gold Plc plans to seek shareholder approval in the coming months to change its name to Sula Gold Plc, CEO Roger Murphy said in a March 30 news release.

The name change will reflect the exploration potential for gold at the Ferensola project in Sierra Leone, as the company believes "there is a lot more gold to be found."

In early 2016, the company reported high-grade gold mineralization at the project, and it was looking for a partner to help contribute working capital to the reserves development-stage project.