TurkPower Announces Name Change to Zinco do Brasil Inc. and Reverse Split
NEW YORK, Dec. 27, 2012 /PRNewswire/ -- TurkPower Corporation (OTCQB: TRKP) (the "Company") today announced that effective December 28, 2012, the Company's name change to Zinco do Brasil Inc. and its previously announced reverse-split of 15:1 will be in effect as of December 28, 2012. For 20 days starting December 28, 2012, the Company's trading symbol will be TRKPD, before the Company receives a new symbol, which will more accurately reflect its new name. The Company will inform its shareholders and the market of its new ticker symbol in approximately 30 days.
About TurkPower Corp. / Zinco do Brasil, Inc.
The Company recently acquired 99.9% of Zinco do Brasil Mineracao Ltda., which owns 30 mineral rights for a total of 44,665 hectares in the Brazilian state of Minas Gerais. The mineral rights are split between two projects: "Salobro", which consists of 2 mining rights for an area of 1,685 hectares; and "Gorutuba" with 28 mining rights for an area of 42,980 hectares.
Certain statements in this news release are forward-looking statements. Words such as "expects", "intends", "plans", "proposes", "may", "could", "should", "anticipates", "estimates", "likely", "possible", "potential", "believes" and words of similar import may identify forward-looking statements. Such statements are based on management's and the Company's independent mining consultant's current expectations, estimates and projections about the companies' businesses, are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors beyond the control of either of the companies, including, but not limited to, the successful completion of the merger; the combined company's ability to raise the required additional capital to develop its mining assets and to identify other acquisition and/or joint venture opportunities in the mining sector, and to establish the technical and managerial infrastructure necessary to take advantage of, and successfully participate in, such opportunities; future economic conditions; demand for manganese and other minerals the company may seek to extract; political stability; and changes in governmental regulations, and financial capabilities of the Company. Additional information on risks and other factors that may affect the business and financial results of Zinco do Brasil and the combined company can be found in filings of Zinco do Brasil with the U.S. Securities and Exchange Commission. The Company encourages any current or potential shareholder to read all the public filings before making a decision to invest in the shares of any public company.
TurkPower Corp. / Zinco do Brasil Inc.
100 Park Avenue
New York, NY 10017 USA
T: +1 (212) 984-0628
F: +1 (212) 880-6499
SOURCE TurkPower Corporation