Americas Petrogas Inc. (TSX VENTURE:BOE) is pleased to announce that it has filed articles of amendment to give effect to a change of the Company’s name to ‘GrowMax Resources Corp.’. The Company’s common shares will trade on the TSX Venture Exchange under the new trading symbol: GRO. All materials necessary to effect the Name Change are expected to be filed with the TSX-V today and, subject to TSX-V approval, it is expected that the Common Shares will commence trading on the TSX-V under the new name and ‘GRO’ trading symbol on or about August 9, 2016.
The Company’s executive chairman, Abby Badwi, commented, ‘The changes announced today reflect the Company’s new strategic direction as a Peru-based phosphate and potash mining company from an Argentina-based oil and gas producer. The importance of GrowMax’s mining assets and resources at Bayovar in Peru will be GrowMax’s main focus over the next phase of its development. During the past several months, we have taken steps to significantly reduce our personnel numbers and G&A in Argentina and will be continuing with our efforts to sell or voluntarily relinquish the Company’s remaining oil and gas assets in Argentina.’
Common Shares owned by Shareholders will automatically be adjusted as a result of the Name Change and no further action is required to be taken by such Shareholders.