Nevada Iron Ltd. officially changed its name to SportsHero Ltd., according to a Jan. 23 news release, signifying the company's exit from the mining industry.

The company's shareholders approved the name change Nov. 30, 2016. Upon reinstatement in the ASX, SportsHero will trade under the ticker SHO.

The board is finalizing the issuance of shares, the acquisition of the SportsHero business and the sale of the Buena Vista iron project.

Meanwhile, Howard Dawson was appointed as a company director Nov. 30, 2016. Mick McMullen also announced his resignation as a company director.