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GLOBALTEX INDUSTRIES INC. COMPLETES NAME CHANGE TO PINE VALLEY MINING CORPORATION
GLOBALTEX INDUSTRIES INC. COMPLETES NAME CHANGE TO PINE VALLEY MINING CORPORATION
VANCOUVER, BRITISH COLUMBIA (PRWEB) May 15, 2003 -- Pine Valley Mining Corporation (TSX-VE: PVM; NASD OTC: GBTXF) is pleased to announce that it has completed the name change as previously approved by its shareholders. Pine Valley Mining Corporation, formerly Globaltex Industries Inc., initiated the name change to better identify it with its primary asset, the Willow Creek coal project located in the Pine Valley near Chetwynd, British Columbia.
As of May 14, 2003 the new trading symbol on the TSX Venture Stock Exchange is PVM". The trading symbol on the NASD OTC Bulletin Board will remain GBTXF" until the final documentation is processed. There is no alteration of the Companys share capital.
The new website address is www.pinevalleycoal.com.
PINE VALLEY MINING CORPORATION
Richard Palmer"
Richard Palmer
Chief Executive Officer
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Contacts:
Richard Palmer Mark Fields
Chief Executive Officer President
011- 614-3947-3742 (604) 682-4678
or within Australia 0439-473-742 Vancouver, British Columbia, Canada
Sydney, Australia markfields@radiant.net
rpalmer@aol7.com.au
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT
This news release contains certain "forward looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties including but not limited to economic, competitive, governmental and geological factors effecting the Company's operations, markets, products and prices and other risk factors. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Discussion of the risk factors faced by the Company are discussed in greater detail in the Company's various filings with the Securities and Exchange Commission and Canadian securities regulators, including the Companys Form 20-F dated September 25, 2002 and the Companys Annual Information Form dated January 24, 2003.
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