ADA
Acadian is approved for the name change and goes into effect today.....same symbol.... switching from Acadian Gold to Acadian mining...just in time for Gold prices to rebound to $700 a share...lol.....
Art
Trading Symbol: ADA–TSX-V; C2Z - Frankfurt News Release No. 20-07
Shares Outstanding: 137,278,914 June 27, 2007
CHANGE OF CORPORATE NAME – ACADIAN MINING CORPORATION
Acadian Gold Corporation (ADA-TSX-V) (" Acadian Gold ") is pleased to announce, further to its news release of June 19, 2007 , that it has received final reg ulatory approval for its name change from Acadian Gold Corporation to Acadian Mining Corporation. Effective Thursday, June 28, 2007 , Acadian Gold will trade under the new name Acadian Mining Corporation. The trading symbol will continue to be " ADA ", and the new CUSIP is 004269106.
About the Corporation
The Corporation is a Halifax , Nova Scotia , Canada based resource company which has brought a zinc-lead mine, Scotia Mine, located at Gays River, Nova Scotia into operation. In addition to bringing the new mine on stream, the Corporation is focused on exploring and developing gold, zinc and barite properties in Atlantic Canada.
The Scotia Mine will operate initially as an open pit mine and is expected to produce 30,000 tonnes of high grade zinc concentrate and 10,000 tonnes of high grade lead concentrate per year. Please see News Release No. 16-06, July 17, 2006 for further details.
The Corporation is also focused on developing four advanced gold properties, Beaver Dam, Tangier, Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields project. All of the four advanced properties host gold resources described in technical reports prepared in compliance with National Instrument 43-101 and are available on www.sedar.com. A summary of gold resources is provided in News Release No. 01-06, January 5, 2006 , under the paragraph titled "About Acadian Gold ". The Corporation is bringing a new approach to the development of Nova Scotia gold deposits by pursuing a multiple mine central processing, managing and servicing strategy.
The Corporation holds a 44.44% equity interest in Royal Roads Corp. (“Royal Roads”) (RRO-TSX-V). Royal Roads’ principal asset is a 16,075 hectare (approximately 32 km x 5 km) mineral property known as the Tulks North property which is strategically located in the centre of the world-class Buchans base metal camp in central Newfoundland , Canada . In addition, Royal Roads holds a 34.05% equity interest in Buchans River Ltd. (“ Buchans River ”) (BUV–TSX-V), which company also holds a highly prospective property portfolio in the Buchans camp. Acadian Gold’s indirect interest in Buchans River is 15.13%.
Royal Roads' Tulks North property is host to the Daniels Pond deposit which was discovered by BP Resources Canada Ltd. in 1989. Royal Roads reported (see Press Release issued November 7, 2006) an inferred resource (Zn cutoff = 2%, S.G. 4.0) of 1.69 million tonnes grading 0.57% copper, 4.40% lead, 8.37% zinc, 196.9 g/t silver and 0.68 g/t gold over an average width of 4.2 metres.
Other
Terence Coughlan, B.Sc., P.Geo., is acting as Qualified Person in compliance with National Instrument 43-101with respect to this release and has reviewed the contents for accuracy.
Forward Looking Statement
Certain information regarding the Corporation contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Corporation believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Corporation cautions that actual performance will be affected by a number of factors, many of which are beyond the Corporation’s control, and that future events and results may vary substantially from what the Corporation currently foresees. Discussion of the various factors that may affect future results is contained in the Corporation’s 2006 Annual Report which is available at www.sedar.com. The Corporation’s forward-looking statements are expressly qualified in their entirety by this cautionary statement
