Great American Energy, Inc. (OTCBB: SRBL) ("Great American Energy" and/or "the Company") announces its change of business name from Southern Bella, Inc. to Great American Energy, Inc. The Certificate of Amendment to change the company name was approved on June 29, 2011, and the name change was effective as of August 26, 2011. The name change is part of the Company's process of transitioning its operations to focus on the mineral exploration and development industry. As disclosed in previous quarterly and annual reports, Great American Energy has been working on the transition for some time, and additional actions taken to date have included the following:
- Entered into a Mineral Property Option Agreement on June 7, 2012 (effective date of April 28, 2012), granting the Company the exclusive right to acquire an undivided 60% interest in 10 mining claims consisting of approximately 7,311 acres (~2,958 hectares) of property located near Trail, British Columbia, Canada. (Full details to be announced in a subsequent news release about the Bear Creek Rare Earth Property.)
- Entered into a Mineral Property Option Agreement on June 13, 2012, granting the Company the exclusive right to acquire a 100% interest in and to 48 unpatented mining claims comprising approximately 7,680 acres (~3,108 hectares) of property located in and around Esmeralda County, Nevada. (Full details to be announced in a subsequent news release about the Big Smoky Valley Lithium Property.)
- Divested all assets, liabilities, subsidiaries and operations not associated with the mineral exploration and development industry as of June 29, 2012. Great American Energy's CEO, Felipe Pimienta, commented: "Our new focus on mineral exploration and development is well under way. The Company's old name and assets have been replaced with a new name and new assets that are consistent with the mining industry. Now we can proceed with the development of our new exploration assets accordingly."