Glenvet Resources Ltd. (GVT:VSE) has changed its name to Fort Point Resources Ltd. (FTP:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
First Generation Resources Ltd. (FGA:VSE) has changed its name to First Generation Financial Group Ltd. (FGF:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis.
Arimathaea Resources (TSE) reported entering into an agreement to acquire more than two million shares (representing a 16.5% interest) of Chesbar Resources (TSE) at four cents per share. Arimathaea President Charles McAlpine owns an additional 767,000 shares (6.1%) of Chesbar’s outstanding shares. Arimathaea and Chesbar are joint owners of a gold property southwest of Timmins, Ont.
Bonanza Metals (ASE) has commenced an exploration program on the Mountain property in Quebec’s Mountain Twp., southwest of Benoit Twp. Line-cutting and other surface work is planned, with drilling set for December. A $140,000 program has been budgeted.
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