New York, New York-based iron ore investment and mining company, WorldVest, Inc. announced Thursday that, as of October 15, 2010, it has officially amended its corporate name with the State of Florida to Iron Mining Group, Inc.
The Company will subsequently apply to the Financial Industry Regulatory Authority (FINRA) for a new trading symbol to reflect this change. 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.