News in Brief (August 24, 1987)

Strata Energy Corp. has changed its name to U.S. Platinum Inc. (upt:vse) on a share for share basis.

Mill City Gold says it will raise $1,250,000 through a private placement agreement for the issuance of common shares and share purchase warrants. Under the agreement, purchasers will subscribe for 452,899 common shares of Mill City at a price of $2.76 per share. Warrants (due to expire on or before Aug 7, 1988) will allow subscribers to purchase an additional 452,899 common shares at $3.25 per share.

Golden Seal Resources has changed its name to Easton Minerals Ltd. (em:vse) on a share for share basis.

COATS-listed Initiative Explorations has completed a private placement with International Metals of Tokyo, Japan to provide the company with $150,000 for 200,000 units consisting of one common share and one warrant.

Gold Fort Mining has granted an additional 30 days on an option agreement to Barron Hunter Hargrave of Delaware, a wholly- owned subsidiary of Barron Hunter Hargrave Strategic Resources, to acquire the Golden Rule mine in Cochise Cty., Ariz., and its mining assets.

Lionheart Resources Corp. has changed its name to Lionheart Capital Corp. on a share-for-share basis.

Vestgron Mines has changed its name to VGM Capital Corp. (vgm:vse) on a 1-new-for-5-old share basis.

Stray Horse Resources has changed its name to Oriole Communications (ole:vse) on a share- for-share basis.

A letter of intent has been signed by Manridge Explorations and the firm Brault, Guy, O’Brien whereby the latter will raise, by way of a public underwriting, $3 million, with about 75% of the funds to be raised through the sale of flow- through shares and the balance to come from straight equity shares. Manridge plans exploration work at the former producing Mann and Reeves Dobie silver mines in the Gowganda area of northern Ontario, at the McVeigh claims near Temagami, Ont., and on other properties.

Berle Resources has changed its name to Eagle Pass Resources Ltd. (egp:vse) on a 1-new-for-5-old share basis.

Lac Minerals has exercised an option to purchase 300,000 shares of Rouyn Mining Resources at a total cost of $1.2 million, Rouyn reports. Lac now owns 600,000 shares of Rouyn.