Goldplay Exploration Ltd. said Jan. 9 that it will be changing its name to GR Silver Mining Ltd., effective Jan. 13.

The decision to rebrand is due to the company's aim to focus on more advanced-stage silver mining projects in the Rosario Mining District in Mexico.

The company's common shares will begin trading under the new symbol GRSL on the TSX Venture Exchange on Jan. 13.

Goldplay Exploration earlier said that it entered into a nonbinding letter of intent to acquire the Plomosas silver project from First Majestic Silver Corp.