Comstate Resources (TSE) announced it is negotiating private placements totalling about 1.4 million units at 45 cents per unit to purchasers in British Columbia, Alberta and Saskatchewan. Gross proceeds would exceed $600,000. Each unit will consist of one common share and one warrant; two warrants will be required to purchase one share at 55 cents per share by Dec. 31, 1992.
Lake Ponask Gold (TSE) has changed its name to Leadley, Gunning and Culp International to reflect the new direction of its business — accounting and bookkeeping. Having consolidated its shares on an 8-for-1 basis, Leadley now trades on The Toronto Stock Exchange.
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