Westonia Mines changes name

In a bid to bolster its share price to better reflect the company's value, West Perth-based gold explorer Westonia Mines Ltd has today changed its name to Catalpa Resources Ltd.

The name change follows "overwhelming" shareholder approval and the company's ticker code has also changed to CAH.

In a statement today, the company said Catalpa is the name of a boat which rescued Fenian prisoners off the Perth coastline near Rockingham in 1876.

Managing director Bruce McFadzean said the name and brand better reflected the company's forward-looking focus and direction.

"The timing was right to make the change as the Company is on the cusp of a new phase of development towards production at the Edna May Project assets near Westonia, WA," Mr McFadzean said.

"The Company has evolved considerably in recent months. With the appointment of a new management team and an experienced Board we are moving closer to our goal of utilising the Company's assets as a platform to develop, explore, acquire and grow a mid tier resource
business.

Catalpa has inititated an update a 2006 feasibility study into the Edna project.