Cuoro Announces Change of Name and Corporate Update
May 06 2014 - 9:15AM
Marketwired
Cuoro Announces Change of Name and Corporate Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 6, 2014) - CuOro
Resources Corp. (CSE:CUA)(FRANKFURT:6BC) ("CuOro", or the
"Company") announces that, following a strategic review, it has
determined to carry on business both as an investment company and a
resource exploration company.
The results of the Company's strategic review determined that
the optimal strategy to enhance shareholder value was to have the
ability to invest both directly in resource development and
indirectly in well-managed resource companies. Carrying on business
as an investment company will allow the company the flexibility to
take advantage of resource exploration and maintain greater
liquidity without the inherent exposure to operational and
administrative expenses directly associated with resource
exploration.
Although the resource sector is intended to be the focus of the
Company, nothing will preclude the Company from making investments
in any other industry segment or business venture. To better
reflect the Company's more comprehensive business the Board of
Directors has approved a name change to Rockshield Capital Corp.
which will be effected as soon as possible.
Description of New Business
The Company intends to become a diversified investment firm
focused on but not limited to investing in early stage, high growth
companies offering capital appreciation potential. Such investee
companies may be private or public companies and there will be no
bias to sector based on economic, financial and market conditions.
The Corporation may take advantage of special situations and
investment opportunities; as such opportunities arise, and make
investments in other sectors which the Company identifies from time
to time as offering particular value. The Company expects that its
investment portfolio will, from time to time, be comprised of
securities of both public and private issuers in the (more
importantly agricultural, technology, biotechnology, renewable
energy) precious metals, oil and gas, base metals, potash, lithium
and rare earths sectors. The Company expects its investments will
encompass companies at all stages of development.
For further information regarding CuOro, see CuOro's disclosure
documents on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of CuOro,
Marc Cernovitch, President & CEO
Neither the
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Apex Capital Inc.Brett AllanInvestor Relations(416)
907-4148ballan@apexcap.ca