Symbol: COC: TSX Venture Exchange Inc.
TORONTO, Feb. 15 /CNW Telbec/ - China Opportunity Inc. (the "Company") today announced that the Company intends to use its knowledge,
experience and relationships to expand its mining exploration
portfolio. West Africa will be a focus geography given its excellent
geological potential. As such, the Company intends to establish a base
of operations there during the second quarter of 2011. To reflect this
new geographical focus the Company intends to propose to shareholders,
at its next annual meeting, a change of name from China Opportunity
Inc. to Gondwana Gold Inc. The name Gondwana refers to the super
continent which existed 200-500 million years ago and today comprises
Africa, Australia and South America.
About the Corporation
China Opportunity Inc. (TSXV: COC) is focused on pursuing exploration
and development opportunities within the mining sector.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Caution Concerning Forward-Looking Information
This news release contains forward-looking statements that are based on
the Corporation's current expectations and estimates. Forward-looking
statements are frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate",
"suggest", "indicate" and other similar words or statements that
certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding the Corporation's plans with
respect to pursuing acquisition opportunities within the mining
exploration sector. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause actual
events or results to differ materially from estimated or anticipated
events or results implied or expressed in such forward-looking
statements. Factors that may cause actual results to vary materially
include, but are not limited to, the Corporation's financial resources
and the availability of financing alternatives, changes in general
economic conditions or conditions in the financial markets, the
availability of suitable exploration properties, the speculative nature
of mineral exploration, development and mining (including with respect
to size, grade and recoverability of mineral reserves and resources),
fluctuations in mineral prices and currency exchange rates and
unanticipated operational or technical difficulties. Such forward
looking information is based on a number of assumptions, including but
not limited to, the availability of financing, no significant decline
in existing general business and economic conditions, and the level and
volatility of mineral prices. Any forward-looking statement speaks
only as of the date on which it is made and, except as may be required
by applicable securities laws, the Corporation disclaims any intent or
obligation to update any forward-looking statement, whether as a result
of new information, future events or results or otherwise.
Forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to
the inherent uncertainty therein.
SOURCE China Opportunity Inc.
For further information:
China Opportunity Inc.
Phone: (514) 932-2797