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
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,
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.
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Capital Inc. Brett AllanInvestor Relations (416) 907-4148 firstname.lastname@example.org Source: CuOro Resources Corp.