News in Brief (March 14, 1988)

Valhalla Energy Corp. has changed its name to The Valhalla Gold Group Corp. (vgg:vse) on a share-for- share basis.

Continental Precious Minerals reports that the previously announced proposed private placement of up to 300,000 units at $2(US) per unit will not be completed. Each unit was to be comprised of one common share and one warrant entitling the holder to purchase one common share at $3, exercisable on or before Jan 31, 1992.

A private placement netting a possible $622,500 if all options are taken will be used by Bar Resources to augment working capital, President Donald Specht says. Bar agreed to a private placement of 250,000 shares at $1.10 per share to Doelcam Mining and Trans-Dominion Energy. The two companies have options to purchase a similar number of shares within 183 days at a price of $1.35 per share.

Brace Resources has changed its transfer agent to Pacific Corporate Services Ltd.