Carson City, NV, Oct. 31, 2014 (GLOBE NEWSWIRE) -- Goldspan Resources, Inc. (OTC: GSPN; GSPND), a Nevada corporation, today announced the approval of a one-for-twenty five (1-for-25) reverse stock split and name change to Walker Lane Exploration, Inc. Both actions became effective October 31, 2014. The Company's stock symbol will trade as GSPND for twenty business days, after which, the new trading symbol will be WKLN.
"In order to improve the tradability of our shares and potentially gain access to a nationally recognized stock exchange, the Board of Directors determined that a 1-for-25 reverse stock split would be in the best interest of the Company," said Phil Allen, President. "The Board of Directors also determined that changing our name to Walker Lane Exploration, Inc. would better-reflect the focus of the Company's mining activities within the Walker Lane Trend of Nevada."
The Corporation filed a Certificate of Amendment to its Articles of Incorporation pursuant to NRS 78.385 and 78.90 on September 22, 2014 authorizing the Corporation to reverse its issued and outstanding common stock on a one-for-twenty five basis and to change its name to Walker Lane Exploration, Inc. All fractional shares were rounded up to the next whole number. There was no change to the number of authorized common shares. The Certificate of Amendment did not amend, alter or otherwise change any of the designations, rights and preferences of either Series A or B Preferred Stock. Following submission to FINRA, Walker Lane Exploration, Inc. was notified that the Effective Date of the reverse stock split and name change would be October 31, 2014 and that a "D" has been appended as the 5th character the trading symbol for 20 business days including the effective date. After 20 business days the new symbol will be WKLN.
As part of the renaming process, our new website is: www.walkerlaneexploration.com The Company has also adopted a new logo, which can found on our new website. Currently, the old website is not being forwarded to the new domain. We will be taking that website down shortly.
Our corporate address has also changed. The address is 102 North Curry Street, Carson City, NV 89703. Our new phone number is 775-461-3445. Shareholders are encouraged to communicate with the Company at our address and phone number as well as by email at email@example.com
About Walker Lane Exploration, Inc. The Corporation is an early-stage gold and silver exploration company primarily exploring for precious metals with the Walker Lane Trend of Nevada where the Corporation presently owns two properties; Pyramid, which is located in Washoe County, Nevada, consisting of 10 lode claims leased from the Bureau of Land Management (BLM). And, West Trinity, which is located in Churchill County, Nevada consisting of 24 lode claims leased from the BLM. The Corporation's focus is to identify mineral areas within the Walker Lane Trend that are open to staking and claiming, or to lease properties management deems viable for exploration. Once a property has been secured, management conducts an assessment of the prospect for exploration, which can include sampling, trenching and drilling in order to develop the prospect for leasing, sale or joint venture with other mining companies.
"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
CONTACT: Contact: Walker Lane Exploration, Inc. firstname.lastname@example.org 775-461-3445
Source:Walker Lane Exploration, Inc.