MG Natural Resources Announces Name Change to Xenolix Technologies, Inc.
SUMMIT, N.J.--(BUSINESS WIRE)--June 16, 2000--MG Natural Resources Corporation (OTC:MGAU), a developmental nanotechnology company, announced that pursuant to a written consent of shareholders representing a majority of the voting shares of the Company voted to change the corporate name to Xenolix Technologies, Inc. and elected directors to hold office until the next annual meeting of shareholders.
Effective Monday, June 19, 2000, Xenolix will begin trading under its new symbol XTCI.
The new name was selected to reflect the change in the Company's strategic direction from a traditional mining company to a technology company engaged in inventing innovative nano-technologies to be utilized in analyzing and processing refractory precious metals ores. The name "Xenolix" is derived from the word "xenolith" whose definition is "a foreign substance found in igneous rock."
Xenolix Technologies, Inc.
The Company is a Nevada Corporation headquartered in Summit, New Jersey, which is inventing, researching and developing new precious metals technologies based upon the application of nanotechnological science it is pioneering. It is creating gold, silver and platinum element analytic and extraction technology based upon this science. The technology is designed to transform refractory (difficult to detect and extract) precious metal-bearing ores into forms of treated ore that respond well to standard analytic and extraction techniques. The Company is attempting to commercialize its nanotechnological intellectual property pertaining to refractory ore.
All inquiries can be made through the offices of Xenolix Technologies, Inc. at 34 Maple St., Summit, NJ 07901 or by calling Shareholder Services at 908/277-3632 or FAX at 908/277-2461. Xenolix Technologies information can be found on its website at mg-resources.com and xenolix.com beginning sometime after June 19, 2000.
CONTACT:
for Xenolix Technologies, Inc.
Shareholder Services, 908/277-3632 |
