News in Brief (June 01, 1987)

Quest Energy Corp. has changed its name to pch Post Career Habitats Inc. on a 1-new-for-2-old share basis.

The board of directors of TSE- listed Battle Mountain Gold Co. has approved the conversion of all remaining outstanding Class B common stock into Class A common stock on a share for share basis, effective June 30, 1987.

The move affects about 25% of the company’s 43 million outstanding shares.

Stock certificates formerly representing outstanding shares of Class B common stock will represent the same number of shares of Class A common stock. Shareholders will receive no substitute certificates.

Chairman Douglas Bourne said the action was taken to enhance the company’s ability to aggressively participate in various corporate growth opportunities The conversion will also reduce administrative costs and facilitate both domestic and international holding and trading of the company’s shares.

The common share purchase warrants in respect of 3,801,122 common shares of Royex Gold Mining Corp. were posted for trading on the tse on May 5. Each warrant entitles the holder to purchase one Royex common share at a price of $7.50 per share at any time before 4 p.m. on April 30, 1992.

Ateba Mines is issuing to holders of its common shares the right to subscribe for one common share at 75 cents per share (class “A” right), and the right to subscribe for one common share at 85 cents per share (class “B” right), on the basis of one “A” right and one “B” right for each four common shares held as of a record date expected to be fixed in June. The “A” right will expire approximately 30 days after the record date; the “B” right will expire at the same time unless the “A” right accompanying such “B” right is exercised, in which case the “B” right will expire approximately a year later. First Toronto Capital will subscribe for all common shares of the company issuable upon the exercise of “A” rights which have not been exercised before the date upon which the “A” rights expire.

Toronto based X-Cal Resources has arranged a flow-through financing with Tap Mineral Exploration Ltd. Partnership. X-Cal will issue up to 564,972 common shares at 88.5 cents per share. X-Cal Chairman John Arnold said the fund s will be spent on his company’s l987 drill programs. The financing is subject to regulatory approval.

Dawson Eldorado Mines of Calgary has announced private placements for a total of 350,000 treasury common shares at 85 cents per share, with warrants to purchase an additional 350,000 common shares at $1.10 per share by Oct 31, 1987; the placements, subject to approval by the Vancouver Stock Exchange, will net the company $682,500 on exercise of warrants. The shares will be placed on a non-flow-through basis, subject to the minimum one- year-hold period, with three nominees of The Hughes-Lang Group of Vancouver. The funds will be used, in part, to meet Dawson’s commitment to the Lone Star gold property project near Dawson City, Yukon.

Pinto Malartic Gold Mines has changed its name to Continental Caretech Corp. on a share-for-share basis.

Conpac Resources has changed its name to Conpak Seafoods Inc. on a share-for-share basis.

Vein Ventures has changed its name to hmr Enterprises Inc. on a share-for-share basis.