By Dipo Olowookere
One of the companies listed on the Nigerian Stock Exchange (NSE), Japaul Gold & Ventures Plc, has been assigned a new trading symbol.
This followed the change of name of the organisation from Japaul Oil and Maritime Services Plc to Japaul Gold and Ventures.
Business Post recalled that at a virtual Annual General Meeting (AGM) of the firm held on Wednesday, July 29, 2020, shareholders of the company authorised the change of name of the company.
The firm later approached the Corporate Affairs Commission (CAC) for the implementation of this approval and it was given a new certificate of incorporation to reflect the new name.
As a result of this transformation, the management of the stock exchange has changed the trading symbol of the organisation on its trading platform to JAPAULGOLD from JAPAULOIL.
“Dealing members are hereby notified that the change of name of Japaul Oil & Maritime Services Plc to Japaul Gold & Ventures Plc has been implemented by the Nigerian Stock Exchange.
“This is in line with the approval of the shareholders of the company at its Annual General Meeting held on July 29, 2020, and the receipt by the company of a new certificate of incorporation from the Corporate Affairs Commission (CAC).
“Please note that the company’s trading symbol has also changed from JAPAULOIL to JAPAULGOLD,” the circular issued on Monday by the NSE stated.
Japaul has not hidden its love for mining business, one of the reasons it changed its name and to make this a reality, it is sourcing for N27 billion.
Chairman of the organisation, Mr Jegede Paul, had informed Bloomberg in August that the firm was working with Toronto-based Matrix Geotechnologies Ltd as the consultant for its operations and has obtained licenses to mine gold, lead, nickel and copper it identified in commercial quantities in different parts of Nigeria.
