MONTREAL, Feb. 4, 2011 (GLOBE NEWSWIRE) -- Aultra Gold, Inc. (OTCBB:AGDI), announced today that its name change to Shamika2Gold, Inc. is now effective. In conjunction with the name change, the company's stock has begun trading on the Over-the-Counter Bulletin Board under the stock symbol (OTCBB:SHMX), which is also effective.
Previously, Shamika2Gold operated under the name Aultra Gold, Inc. and traded under the stock symbol AGDI on the Over-the-Counter Bulletin Board. Shamika2Gold is 51% owned by Shamika Resources, a private company domiciled in Canada. Dutch Gold, Inc. (Pink Sheets:DGRI), through its previous ownership of Aultra Gold Inc., holds a minority position in Shamika2Gold.
"Changing our name to Shamika2Gold and changing our stock symbol represent two important steps toward branding the company as premier gold exploration company with operations in diverse countries," said Robert Vivian, president and chief executive officer. "Another benefit of the name change and new stock symbol is the resolution of confusion regarding Shamika2Gold's status as a public company and its ownership structure. With our public company identity now firmly established, we can move forward more easily with our capital market activities and current and existing shareholders can track our developments more easily."
Shamika2Gold is an international junior gold company with strategic holdings in the Kilo Moto Greenbelt in the Democratic Republic of Congo where major mining companies have begun exploration and development. Over $300 million of exploration, development and production capital has been allocated to the Kilo Moto Greenbelt in the last three years. The company's strategy is to become a global exploration and production company.
Shamika2Gold is 51% owned by Shamika Resources, Inc., a private company domiciled in Canada. Shamika Resources, which has extensive holdings of mineral resources, including gold in the Democratic Republic of the Congo, is engaged in the acquisition of mineral reserves in Africa. The corporate strategy is to develop a portfolio of mineral companies, unlocking value for shareholders, and opening up multinational access to the capital markets.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Aultra Gold, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
CONTACT: Shamika Resources, Inc. Robert Vivian, President and CEO 514-939-9990 ext. 33 www.ShamikaResources.com