Stratabound Minerals Corp. (VSE) has signed a letter of intent with Sofomines 1988 and Co. Ltd. Partnership of Montreal whereby the company will receive up to $500,000 in exploration funds in exchange for flow-through shares at a price to be determined. Stratabound has completed a $68,100 private placement of flow-through shares at 75 cents per share for a June drilling program at Indin Lake, N.W.T.
Highland Valley Resources has changed its transfer agent to Canada Trust Co.
East West Resource Corp. has subdivided its shares on a 1-old-for-2- new basis.
Q. C. Explorations has changed its transfer agent to Central Trust Co.
Consolidated Colossal Energy has changed its name to Draco Gold Mines Inc. (DGM:VSE) on a share- for-share basis.
Toro Resources has changed its name to British Medical Services Ltd. (BMD:VSE) on a share-for- share basis.
Energy, Mines and Resources reported that Canadian shipments of potash decreased from 860,698 tonnes in March, 1987, to 781,249 tonnes in March, 1988.
Be the first to comment on "News in Brief (June 13, 1988)"