SCOTTSDALE, AZ, March 18 /PRNewswire/ - Hondo Minerals Corporation (OTC:BB: HMNCD), formerly Tycore Ventures, Inc., is pleased to announce that on March 7, 2011, the Financial Industry Regulatory Authority (FINRA), approved and processed the Company's name change, and the Registrant's common stock was issued the new trading symbol of "HMNCD" to reflect this name change.
After 20 business days, the "D" (appended to the symbol to reflect that it is a new symbol) will be dropped, and the symbol ongoing will be " HMNC" thereafter.
"Now that FINRA has approved and processed our name change and issued us a new stock symbol, we prepare to begin our journey as a publicly traded entity. These steps toward a trading status are measurable milestones of our commitment to Company growth and shareholder value. These are exciting times for Hondo and the culmination of much hard work by many people," said William R. Miertschin, Chairman and CEO of Hondo Minerals Corporation.
About The CompanyHondo Minerals Corporation is engaged in the acquisition and exploitation of mineral deposits, mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves consisting of precious metals or non-ferrous metals. Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was at one time the largest producing silver mine in Arizona. The Tennessee Mine operated from the late 1800's until 1947 producing lead, zinc, gold and silver. The Tennessee Mine includes approximately 1,000,000-tons of tailings pile and dumps which the company plans to begin processing. The Company also owns numerous other mining claims in the US Southwest, which are being evaluated for additional reserves. This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.