WorldVest, Inc. Completes Name Change to Iron Mining Group, Inc.

Industry News 2010-10-25 08:28:12

Source : Marketwatch

Published Date : 22nd October, 2010
WorldVest, Inc., an iron ore investment and mining company, announces that, as of October 15, 2010, it has officially amended its corporate name with the State of Florida to Iron Mining Group, Inc. ("Iron Mining Group" or the "Company"). The Company will subsequently apply to FINRA for a new trading symbol to reflect this change. During the transition, Iron Mining Group will continue to trade its common stock on the Over-the-Counter Bulletin Board under the trading symbol WOVT.OB. Accordingly, for each share of WorldVest, Inc. owned, Company shareholders will automatically receive one share of Iron Mining Group, Inc. 
Management effected this name change to best reflect the Company's singular business focus of acquiring and developing iron ore properties on a global basis to meet the growing demand of its established Chinese buying clientele. In the coming months, Iron Mining Group expects to bring its existing portfolio of Chilean iron ore deposits into production, while evaluating additional iron ore mining opportunities and the construction of complementary Chilean export logistics infrastructure with the Company's Chinese partners. 
About Iron Mining Group, Inc
Iron Mining Group, Inc. , is a global iron ore mining company with its initial focus in Latin America. The Company has entered this marketplace at a time when the largest iron ore customer, China, seeks to alter the status quo by shifting power away from the traditional iron ore producers. Iron Mining Group has signed strategic joint venture agreements with several Chinese Steel Groups, which provide guaranteed long-term iron ore purchase agreements for 100% of available production and outline potential future investments into Iron Mining Group and its projects. 
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