Tanzanian Royalty Exploration Changing Ticker To Avoid Confusion

Tanzanian Royalty Exploration Corp.

is changing its ticker symbol to "TRX" effective June 15 to avoid confusion. What's the confusion? Since Muddy Waters released a negative research report on Sino-Forest last week, shares of Tanzanian Royalty Exploration Corp. have fallen sharply. How come? Well they both have the same ticker symbol, except Sino-Forest is traded on the Canadian Stock Exchange. Both companies have the ticker "TRE," except Sino-Forest's ticker is TRE.TO. Since the report, shares of Tanzanian Royalty Exploration Corp. have fallen more than 7%. Tanzanian Royalty Exploration Corporation is a mineral resource company with exploration stage properties. The Company's general area of interest has been in the exploration of gold properties, with a focus on exploring for gold properties in Tanzania.