News in Brief (January 09, 1988)

Permian Resources has changed its name to M.L. Cass Petroleum Corp. **

** (MLO:VSE) on a 4-old- for-1-new share basis. **

New Spirit Resources and Developments Inc. has changed its name to New **

** Spirit Research & Development Corp. (NSD:VSE). **

Consolidated Player Resources Inc. has changed its name to Epping Realty

** Corp. (ERC:VSE) on a 3-old- for-1-new basis. **

Tugold Resources has changed its name to Gold Power Resources (GPW:VSE) on a

** 3-old-for-1-new basis. **

Europrime Capital Corp. will be subdividing its common shares on a **

** 1-old-for-3-new share basis. **

Continental Research Exploration and Development has been delisted from the Alberta Stock Exchange but continues to trade on the Montreal Exchange.

FreeGold Recovery has been delisted from the Alberta Stock Exchange at the request of the company.

Western Strategic Minerals has been delisted from the Ablerta Stock Exchange for failure to file listing requirements.

Blue Diamond Energy Resources has changed its name to Nippon Investments Cor (NP:VSE) on a 1-new-for-5-old share basis. Transfer agent is Montreal Trust.

St. Genevieve Resources (TSE) has entered into memoranda of subscription and renunciation agreements worth a total of $850,000 with four private investors; the company has agreed to issue shares at $1 each in return. Funds raised by the agreement, which is subject to regulatory approval, will be used for exploration work on the Parbec and Duverny properties, St. Genevieve says.

Backer Resources and Gallahad Petroleum have amalgamated to form Backer Petroleum Corp. Backer Class A shareholders will receive one new Class A share for each old Class A share; Gallahad shareholders will receive 3 new Class A shares for each old common share.