Alberta Stock Exchange (October 28, 1991)

Edmonton-based Integrated Resources has sold its producing Barrington River placer claims in northern British Columbia for $800,000 and a 1.3-million-share stake in the new owner, a private company called Barrington Gold.

Barrington will give Integrated $300,000 cash, with the balance to follow from financing. The private company recently entered into a contract with the Alberta Research Council to explore the claims.

Integrated closed unchanged at five cents for the week ended Oct. 22. Following shareholder approval at the company’s annual meeting in July, Micron Metals Canada has consolidated its shares on a 5-for-1 basis. Micron Metals is also amending two joint venture agreements with Micron Mining of Beverly Hills, Calif.

Micron’s post-consolidation shares closed at 15 cents.

Under a recent agreement, Vero Resources will farm out its 25% interest in the Dee-J and Dee-South gold prospects to BHP-Utah Minerals. Vero has also entered into a joint venture agreement on 10 other gold prospects in north and central Nevada. The company says it will farm out the prospects so that drilling can begin next spring.

Vero was eight cents bid, 15 cents ask for the week.

Bellringer Resources has entered into a letter of intent to exchange three million of its common shares for all the issued and outstanding shares of Tetrasound International, an audio technology firm. Bellringer was two cents bid, 11 cents ask.