NEWS IN BRIEF (October 21, 1991)

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.

Print

 

Republish this article

Be the first to comment on "NEWS IN BRIEF (October 21, 1991)"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close