Metallum Resources Inc. on Feb. 2 said its shareholders approved a name change to Torrent Capital Ltd. as part of the company's change of business from a mining to an investment issuer.

Meanwhile, the company named Scott Gardner as chief investment officer.

The name and ticker change to TORR will take effect when trading recommences Feb. 6.

A 1-for-3 share consolidation was also approved during the company's annual general meeting and special meeting.

Metallum also received final approval from the TSX Venture exchange to reclassify as an investment issuer.