NEW YORK, July 15, 2013 (GLOBE NEWSWIRE) -- Terralene Fuels Corporation (Pink Sheets:GSPT) reports that the Company will change its name to Golden Star Enterprises Ltd. to reflect its new business direction.
A Certificate of Amendment to its Articles of Incorporation was filed with the State of Delaware changing the name to Golden Star Enterprises Ltd. and the CUSIP Number has changed from 88104B 10 5 to 38119W 10 7.
This name change also involves a one-for-forty (1:40) reverse split of the Company's issued and outstanding common stock with $0.0001 par value per share. There was no change to the authorized capital of the Company. The name change has been accepted by FINRA and the effective date is July 16, 2013. The Company's trading symbol will remain as "GSPT".
The Company will be looking at viable options for Terralene Fuels, an alternative fuel that is a patented fuel formulation.
Jaclyn Cruz, President of the Company, states, "Since the Company's main focus will no longer be just the alternative fuels industry, the new name change will better reflect the new business opportunities that are being reviewed."
Visit our site: www.terralenefuels.net
Contact: Jaclyn Cruz, President
For further information contact: 1-888-488-6882
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Terralene's filings with the Securities & Exchange Commission.
Source:Terralene Fuels Corporation