Eaglecrest Changes Name to Colombia Crest Gold Corp.
15 Février 2011 - 3:00PM
Marketwired
EAGLECREST EXPLORATIONS LTD. ("Eaglecrest"; the "Company") (TSX
VENTURE: EEL)(PINK SHEETS: ECRTF)(FRANKFURT: EAT) is pleased to
announce that pursuant to a resolution passed by the directors on
January 4, 2011, Eaglecrest Explorations Ltd. has changed its
company name to Colombia Crest Gold Corp. to emphasize its new
direction and focus on its exploration properties in Colombia,
South America; specifically, the Company will focus on discovery of
porphyry-related gold-copper resources within the Middle Cauca
Belt, one of the most prolific gold belts in Colombia.
The name and stock symbol change became effective at market open
on Monday February 14, 2011, whereby the common shares of Colombia
Crest Gold Corp. (TSX VENTURE: CLB) commenced trading on the TSX
Venture Exchange in place of the common shares of Eaglecrest
Explorations, which will be delisted. Shareholders of Eaglecrest
Explorations Ltd. will receive a 1:1 share in Columbia Crest Gold
Corp. There is no consolidation of capital or shares.
"We are pleased with the name change to Colombia Crest Gold as
it emphasizes our focus on the search for world-class gold
resources in Colombia, a hot new area in the world with tremendous
geologic potential, no modern exploration, and where safety and
infrastructure have been dramatically improved in the past decade,"
commented Hans Rasmussen, Colombia Crest's President and CEO.
"Also, despite the strong focus on Colombia, our San Simon project
remains an important asset but we have moved the project to a lower
priority until the market appreciates the significance of our work
in Bolivia."
About Colombia Crest Gold Corp.
Colombia Crest Gold Corp is focused on systematically exploring
its promising new gold projects in Colombia as well as realizing
the potential of its 100 percent-owned San Simon project in
Bolivia. Industry experts with three decades of gold discoveries
head up both the management and technical teams at Colombia Crest
Gold. Along with a strong working capital position, the Company
will accelerate the exploration programs at the Fredonia and
Venecia projects in Colombia where it has optioned over 15,000
hectares located in the Cauca River Valley. Situated approximately
40 km south of the city of Medellin, in Antioquia Province, the
properties are positioned within the Middle Cauca Belt, which is
the most prolific gold belt of Colombia with more than 500 years of
gold mining history and a several new gold discoveries.
If you would prefer to receive news releases via email please
contact Eaglecrest (eel.tsxv@telus.net) and specify "Eaglecrest
news" in the subject line.
Please visit the Company's website at
www.ColombiaCrestGold.com.
Neither the TSX Venture nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: Eaglecrest Explorations Ltd. Hans Rasmussen President
and CEO Office: 604-684-7160 hans@eaglecrestexplorations.com
www.ColombiaCrestGold.com Progressive Investor Relations Benjamin
Curry Direct: 604-689-2881 ben@progressive-ir.com
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