SYD NAME CHANGE Vancouver, B.C. – Syd Financial Inc. (the ``Company``) (CSE : SYDF) announces that it intends to change its name from Syd Financial Inc. to Gold Plus Mining Inc., in order to better reflect its business. The Company's common shares will trade under the new name on the CSE with the
Not for distribution to U.S. Newswire Services or for dissemination in the United States.
SYD FINANCIAL INC.
303 - 570 Granville Street
Vancouver, BC, V6C 3P1
FOR IMMEDIATE RELEASE February 24, 2020
SYD NAME CHANGE
Vancouver, B.C. – Syd Financial Inc. (the ``Company``) (CSE : SYDF) announces that it intends
to change its name from Syd Financial Inc. to Gold Plus Mining Inc., in order to better reflect its
business. The Company's common shares will trade under the new name on the CSE with the
news trading symbol GPMI, subject to the approval of the CSE.
The Company is focusing on its Pluto Property (the "Property") and is preparing to commence
on its 2020 exploration program.
The Property is located 18km west of the town of Chapais in Nord-du-Québec area of the
Quebec Province. The Pluto property consists in two claim blocks for a total of 58 active claims
that have a total area of 3,223.43 ha (or 32.2 km2). The claims are 100% owned by the Company.
Three soil surveys were conducted on the Property in 2016, 2017 and 2019 with the objective of
finding any associated gold or base metal anomalies down ice and in the direct area of the
Kapunapotagen shear zone, which is located at the contact between the Allard and Scott
Members of the Waco nichi Formation. This contact is considered to be favorable to VMS
mineralization (Dion, 2009). The surveys allowed the sampling of 83 stations in total and have
allowed the interpretation of three possible targets of greater interest on the property that could
explain the source of soil anomalies found with the surveys performed.
A heliborne magnetic survey was conducted on the two blocks. E -W magnetic lineaments were
defined on the East block and could be associated with mafic volcanic or intrusive rocks. Other
areas that are magnetically quieter are rather characteristic of sedimentary and of intermediate to
felsic volcanic rocks . The strongest magnetic anomalies and variation are concentrated in the
southwestern part of the West block and are likely caus ed by variable concentrations of
magnetite associated to intrusive rocks mapped as granodiorite/syenite by the Ministry of Energy
and Natural Resources ("MERN"). Figure 1 shows the different features on the Property.
The scientific and technical data con tained in this news release was prepared and reviewed by
Steven Lauzier, P.Geo.OGQ 1430, a qualified person pursuant to National Instrument 43 -101 –
Standards of Disclosure for Mineral Projects.
On behalf of the Board of Directors,
"Keith Anderson"
Keith Anderson, CEO, Secretary and Director, Syd Financial Inc.
For further information on the Company, please email [email protected]
Keith Anderson
Syd Financial Inc.
(604) 786-7774
Bibliography:
Dion, C., 2009: Nouvelles Cibles Pour L'Exploration Minérale, Travaux Géoscientifiques
2009. Ministère des Ressources Naturelles et de la Faune, [PRO-2009-07].
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has in no way passed upon the
merits of the proposed Transaction and has neither approved nor disapproved of the contents of this
press release.
Disclaimer for Forward-Looking Information
This news release contains forward -looking statements that involve various risks and uncertaintie s
regarding future events. Such forward -looking statements are based on current expectations of
management, involve a number of risks and uncertainties, and are not guarantees of future performance
of the Company. These statements generally can be identifi ed by the use of forward -looking words such
as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or
“continue”, or the negative thereof or similar variations. Forward-looking statements in this news release
include statements regarding the proposed allocation of the net proceeds of the Financing. Forward-
looking statements are necessarily based on a number of estimates and assumptions that, while
considered reas onable, are subject to known and unknown risks, uncertainties and other factors that
may cause actual results and future events to differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results or events to differ materially from
current expectations include general market conditions and other factors beyond the control of the
Company. The Company expressly disclaims any intention or obligation to update or revise any forward -
looking statements whether as a result of new information, future events or otherwise, except as
required by applicable law.