Printer Friendly

VSE UPGRADES TWO COMPANIES TO SENIOR BOARD

 VANCOUVER, British Columbia, Dec. 8 /PRNewswire/ -- During the month of November, two companies were upgraded to the Resource section of the Vancouver Stock Exchange's Senior Board, bringing the total number in the Commercial/Industrial and Resource sections to 320.
 Goldrush Casino & Mining Corp. (symbol "GDH") was upgraded Nov. 2. The company has interests in mining properties in Colorado and Oregon. The company is also diversifying its interests by developing commercial properties in the Central City-Black Hawk area of Colorado. As well, the company recently purchased a 10-acre property in Las Vegas and intends to develop a hotel/casino facility.
 Upgraded Nov. 4, Pacalta Resources Ltd. ("PAZ") is involved in the exploration and development of natural gas properties, primarily in Alberta. In early November, the company completed the purchase of additional natural properties in Alberta and Saskatchewan. At that time, production was at 10 million cubic feet per day.
 The current classification system of VSE-listed companies differentiates between stages of economic development and nature of business. The VSE Senior Board is made up of companies that exceed the minimum listing requirements and meet a higher prescribed set of requirements. A Senior Board company is classified as either a Resource or a Commercial/Industrial company. Recognizing the higher listing standards met by these companies, regulations are more flexible with regards to their operations and filings. All other companies have a Venture designation.
 -0- 12/8/93
 /CONTACT: David A. Laundy, 604-689-3334/
 (GDH. PAZ.)


CO: Vancouver Stock Exchange; Goldrush Casino & Mining Corp.;
 Pacalta Resources Ltd. ST: British Columbia IN: FIN SU:


NY-JL -- LA029 -- 1962 12/08/93 17:40 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 8, 1993
Words:267
Previous Article:ALERT CENTRE DISTRIBUTES STOCK; NEW MANAGEMENT TEAM TIGHTENS OPERATIONS AND TARGETS GROWTH SELECTIVELY
Next Article:KLM RECEIVES FIRST MD-11 TRIJET IN HISTORIC CEREMONY
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters