Jordex Resources Inc -
Jordex to change name to iTech Capital
Jordex Resources Inc
JDX
Shares issued 30,374,357
2000-01-21 close $1.55
Monday Jan 24 2000
Mr. Brian Hinchcliffe reports
Jordex Resources is changing its name to iTech Capital Corp. Brian Hinchcliffe,
chairman of Jordex, stated: "The iTech Capital name reflects the transformation
that has taken place in the company over the past year from a company with its
roots in the mining industry to a company that is committed to building shareholder
value by participating in the Internet B2B and telecommunications sectors." He
further stated: "As we enter this technology driven new era economy, iTech's goal
is to wisely deploy its assets for the benefit of its shareholders. iTech, through its
experience, expertise and strong relationships, is well positioned to identify, invest
in and assist in the development of emerging technology companies. While
opportunities abound, we believe the real key to building significant shareholder
value is being selective and funding only those companies that have strong
management teams, a persuasive business model and reasonable valuations. In
addition, we expect only to fund those companies that have the potential to
emerge as significant and dominant players in their business sector. To date we are
confident we have made such investments."
The name change of Jordex to iTech Capital Corp., along with a new trading
symbol, is subject to shareholder approval. A circular announcing the details of a
special meeting of shareholders to be held March 10, 2000, will be mailed to
shareholders by Feb. 7.
Effective Friday, Jan. 21, 2000, the category of the company has been reclassified
by the Toronto Stock Exchange from mining to industrial.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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