Vancouver-based WPC Resources Inc. (TSXV: WPQ) announced on Wednesday that effective January 18, 2019, the company will change its name to Blue Star Gold Corp.
Blue Star will be a Vancouver-based gold and silver exploration company focused on mineral exploration and development in Nunavut, Canada. Through its subsidiary, Inukshuk Exploration Inc., the company will own the 8,015 hectare Hood River gold property located contiguous to the Ulu mining lease. Blue Star will have a definitive agreement to acquire the Ulu, an advanced gold and silver project.
The new name better represents the company's dedication and focus on Canada's north with its potential for significant, world-class gold and silver deposits. The new name of the Company was taken from the official flag of Nunavut. Through its subsidiary, Inukshuk Exploration Inc., the company will own the 8,015 hectare Hood River gold property located contiguous to the Ulu mining lease
The company is undertaking its name change to reflect its other announced major changes to its management team and to the board of directors. In October 2018, Zara Kanji, CPA, CGA, joined the company as its new Chief Financial Officer and Mike C. Stewart, P.Eng has joined as corporate secretary.
Blue Star will be listed on the TSX Venture Exchange with the trading symbol: BAU. There will be no change to the number of shares issued and outstanding.
"Our board and Management team are fully committed to expansion of the measured and indicated resources of the Ulu property. At the same time, we plan to explore and drill the several high-grade gold occurrences within both the Ulu property and the Hood River Concessions." Stephen Wilkinson, president and CEO said in the press release.