At the company's general meeting today all shareholders voted in favour of the acquisition of the 3 million ounce Manica Gold Project in Mozambique, as well as a change of company name.
Terranova entered a trading suspension prior to the meeting and is now required to re-comply with the admission requirements of Chapters 1 and 2 of the ASX Listing Rules.
The Manica Gold Project is situated in central Mozambique, 270 kilometres by sealed highway from the port city of Beira.
It is positioned in the Beira Corridor which contains all major road and rail links from Zimbabwe to Beira.
It is located in a well-known gold area hosting the Penhalonga, Rezende, Monarch and Old West mines that produced over 2.5 million ounces of gold.
Terranova has begun exploration at the Manica Project to exploit the oxide potential of the Northern Shear Zone.
The company has identified a number of drill ready targets with the potential to significantly increase the oxide resource.
Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.