COQUITLAM, BC, Feb. 20, 2018 /CNW/ - Castle Silver Resources
Inc. (TSX.V: CSR, OTC: TAKRF, FRANKFURT: 4T9B) (the "Company" or "CSR") is
pleased to announce it plans to effect its change of name to
"Canada Cobalt Works Inc." to better reflect the direction of the
Company.
The TSX Venture Exchange has confirmed that the shares will
commence trading effective, Friday, February
23, 2018 under the new name and ticker symbol
"CCW".
The change of name from Castle Silver Resources Inc. to Canada
Cobalt Works Inc. was previously approved by the Company's board of
directors and the shareholders of the Company at its Annual General
and Special Meeting held on February
15, 2018. The Company is not subdividing,
consolidating or otherwise altering its share capital in
association with the name change.
The Company also plans to launch a new corporate website in the
near future.
About Castle Silver Resources
The Castle, Beaver and Violet mines are among the most advanced
properties in the northern Ontario Cobalt Camp. While they comprise
only 2,840 hectares they are sources of high-grade cobalt that can
quickly be developed into a shovel-ready state. The company also
has the Re-2OX process which has been pilot-plant-tested to
separate the various metals that comprise the mineralization in the
Cobalt Camp vein systems. The company has been to Japan and China to meet with buyers of cobalt-based
salts that are used in the lithium battery market. Studies are
underway to develop a milling processing facility and leach plant
on one of the Castle Silver Resources' properties.
"Frank J. Basa"
Frank J. Basa P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Castle Silver Resources Inc.