News in Brief (November 06, 1989)

Noront Resources (VSE) has agreed, subject to regulatory approval, to place up to $550,000 of flow-through shares with a NIM and Company limited partnership.

Proceeds will be used to continue exploration programs in the Grubline Project in Newfoundland with Noranda Exploration as operator, and in the Hemlo, Mishibishu and Chisholm Island areas of Ontario.

Pine Point Mines has declared a dividend of $1 per common share payable on Nov 30 to shareholders of record Nov 15. This brings the total amount paid in 1989 to $3. The dividend is in recognition of the company’s continued financial performance during the first nine months of 1989.

Pamour Inc. (TSE) announces the company has agreed, subject to regulatory approval, with CMP 1989 Resource Partnership and Company, for $575,000 of flow-through financing. Funds will be used for further exploration of the company’s gold project at Matachewan in northern Ontario.

Odessa Explorations has changed its name to Amble Green Ventures Inc. (AGN:VSE) on a 1-new-for-5- old-share basis. Transfer agent is Central Guaranty Trust Company.

Nic-Nik Resources has changed its name to Transtel Communications Corp. (TCU:VSE) on a share- for-share basis. Transfer agent is Royal Trust Company.

LAC Minerals (TSE) has declared a semi-annual dividend of 7 cents per common share payable on Dec 1 to shareholders of record Nov 10.

Levon Resources (VSE) has changed its transfer agent to Montreal Trust Company of Canada.

Inspiration Resources (TSE) has declared a regular quarterly dividend of 3 cents (US) per share on its common and Class A shares, payable on Nov 17 to shareholders of record Nov 13.

Everest Resources has changed its name to Northfork Ventures Ltd. (NVS:VSE) on a 1-new-for-3-old share basis. Transfer agent is Central Guaranty Trust Co.

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