News in Brief (November 13, 1989)

NovaGold Resources (TSE) has entered into a subscription agreement, subject to regulatory approval, with a NIM and Company limited partnership whereby NIM subscribed for $500,000 common shares. Proceeds will be used to carry out exploration in New Brunswick during the current exploration season.

Cepeda Minerals (VSE) has changed its transfer agent to Pacific Corporate Services. Company.

Monique Exploration (ME) has entered into an exploration financing agreement, subject to regulatory approval, with CMP Resource Partnership and Company Limited whereby CMP will commit $2.5 million toward mineral exploration to be carried out by Monique before March 1, 1990, on properties in which it holds or may acquire an interest in consideration of Monique issuing to it common shares at $1 per share.

Enfield Resources has changed its name to Pacific Summa Capital Corp. (PSU:VSE) on a 1-new-for- 5-old share basis. Transfer agent is Montreal Trust.

Cominco Ltd. (TSE) and Teck Corp. (TSE) have purchased off- market 200,000 common shares of Aur Resources for investment purposes. As a result, both companies hold a total of 20.84% of the common shares of Aur. Cominco and Teck previously announced that their agreement with Aur requires them to purchase 1.25 million additional common shares by Jan 2, 1990.

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