(TheNewswire)
TheNewswire - November20, 2020 - JIULIAN RESOURCES INC. (TSXV:JLR) (" Jiulian " or the" Company ") wishes toannounce it has received the approval from theTSX Venture Exchange (the " Exchange ") tochange the name of the Company from Jiulian Resources Inc. to SouthAtlantic Gold Inc. The Company has also received the approval fromthe Exchange to change the trading symbol to " SAO" . Effective at market open on Tuesday, November 24, 2020 (the" EffectiveDate "), the Company will begintrading under its new name and symbol .
As of the Effective Date, the Company's website domainwill be www.southatlanticgold.com . Shareholders are not required to take any actionin connection with the change of name and share certificates bearingthe name "Jiulian Resources Inc." remain valid and need notbe exchanged.
The Company will have a CUSIP number of 83636L101 andthe new ISIN is CA83636L1013.
Douglas Meirelles, President and CEO commented:" The name change, SouthAtlantic Gold is yet another step taken toward the transformation ofour Company. The entire team feels that the new name properly reflectsour Exploration, Development and Growth objective. These changes willalso be reflected on our new website atwww.southatlanticgold.com."
About South Atlantic Gold
South Atlantic Gold is an exploration company engagedin acquiring and advancing mineral properties located in the Americas.The Company's BC flagship asset is the wholly-owned, 4,056-hectare BigKidd property, located near Aspen Grove, BC. Our Brazilian flagshipasset is the Pedra Branca project, located 280 km inland fromFortaeza, Ceara State, Brazil. South Atlantic Gold is focused oncreating value for its shareholders by engaging in the development andacquisition of high-quality mineral assets located in stable andmining friendly jurisdictions. South Atlantic Gold's is based inKelowna, British Columbia, and is listed on the TSX-V under the symbol"SAO".
ON BEHALF OF THE BOARD
Douglas Meirelles, President and CEO
For more information regarding thisnews release, please contact:
Douglas Meirelles
T: 250-762-5777
W: www.southatlanticgold.com
Cautionary Note RegardingForward-Looking Information
This news release contains statements that constitute"forward-looking Information", as suchterm is used in applicable Canadian securities laws . Such forward-looking information involves known andunknown risks, uncertainties and other factors that may cause theCompany's actual results, performance or achievements, or developmentsin the industry to differ materially from the anticipated results,performance or achievements expressed or implied by suchforward-looking information. Forward-looking information includesstatements that are not historical facts and are generally, but notalways, identified by the words "expects,""plans," "anticipates," "believes,""intends," "estimates," "projects,""potential" and similar expressions, or that events orconditions "will," "would," "may,""could" or "should" occur.
Although the Company believes the forward-lookinginformation contained in this news release is reasonable based oninformation available on the date hereof, by its natureforward-looking information involves assumptions and known and unknownrisks, uncertainties and other factors which may cause our actualresults, level of activity, performance or achievements, or otherfuture events, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking information. There can be noassurance that the Fundamental Acquisition will be completed asproposed or at all.
Examples of such assumptions, risks and uncertaintiesinclude, without limitation, assumptions, risks and uncertaintiesassociated with general economic conditions; the Covid-19 pandemic;adverse industry events; the receipt of required regulatory approvalsand the timing of such approvals; that the Company maintains goodrelationships with the communities in which it operates or proposes tooperate, future legislative and regulatory developments in the miningsector; the Company's ability to access sufficient capital frominternal and external sources, and/or inability to access sufficientcapital on favorable terms; mining industry and markets in Canada andgenerally; the ability of the Company to implement its businessstrategies; competition; the risk that any ofthe assumptions prove not to be valid or reliable, which could resultin delays, or cessation in planned work, risks associated with theinterpretation of data, the geology, grade and continuity of mineraldeposits, the possibility that results will not be consistent with theCompany's expectations, as well as other assumptions risks anduncertainties applicable to mineral exploration and developmentactivities and to the Company, including as set forth in the Company'spublic disclosure documents filed on the SEDAR website at www.sedar.com .
THE FORWARD-LOOKING INFORMATIONCONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THECOMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, ISSUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUEIMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPONTHIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO,IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULARTIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release .
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