News in Brief (October 30, 1989)

Northern Abitibi Mining (ASE) announces the company has agreed to issue, subject to regulatory approval, by way of private placement to Golden Rule Resources, an unsecured convertible debenture in the amount of $150,000. The debenture will bear interest at 10% per annum, have a term of three years and will be convertible to common shares of Northern Abitibi Mining at 50 cents per share.

Vital Pacific (VSE) says that exploration is under way on the company’s Haida copper-gold prospect north of Kamloops, B.C. Teck Corp. (TSE) is the operator.

Previous reconnaissance exploration has indicated widespread gold and copper mineralization associated with major magnetic anomalies. The current exploration program, scheduled for completion by March 1, 1990, will consist of geological mapping, geophysical surveying, trenching and diamond drilling.

Del Norte Chrome has changed its name to Consolidated Del Norte Ventures Inc. (CDV:VSE) on a 1-new-for-5-old-share basis. Transfer agent is Central Guaranty Trust Company.

Kaliber Resources has changed its name to Metro Energy Ltd. (MEJ:VSE) on a share-for-share basis. Transfer agent is Central Guaranty Trust Company.

Ronrico Explorations (VSE) announces that a director of the company has entered into an agreement, subject to regulatory approval, whereby he is loaning the company $55,000 on a convertible one year promissory note, bearing interest at 12% per annum and convertible at 15 cents per share.

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