Asian Mineral Resources to Change Corporate Name to Decklar Resources Inc.
September 03 2020 - 2:15PM
Asian Mineral Resources Limited
(
the “Company”) (ASN-TSX Venture)
is pleased to announce that it is changing its corporate name to
Decklar Resources Inc. effective September 9, 2020. The
Company will also change its stock symbol on the TSX Venture
exchange to DKL.
This comes as a result of the Company’s recent
acquisition of Decklar Petroleum Limited, a private oil & gas
exploration and development company with an economic interest in
Oil Mining Lease (OML) 11 in Nigeria’s Eastern Niger Delta (Abia
State). The Company has refocused its strategy as an
independent oil & gas company focused on appraisal and
development opportunities in the prolific West Africa region, after
having had an historical focus on developing and operating a nickel
mine in Vietnam. The corporate name change reflects this
strategic shift.
About Asian Mineral Resources
Limited
On July 17, 2020 Asian Mineral Resources
completed the acquisition of Nigerian-based Decklar Petroleum
Limited (“Decklar”).
Decklar’s sole asset is a Risk Service Agreement
(“RSA”) with Millenium Oil and
Gas Company Limited the owner of the Oza Field located onshore in
the northern part of Oil Mining License 11 in the Eastern Niger
Delta of Nigeria. The RSA entitles Decklar to cost recovery
and a share of distributable funds from the Oza Field in exchange
for technical and financial support.
For further
information:
Duncan T. BlountChief Executive
Officerd.blount@asianmineralres.com |
Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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