Post by
Mac26 on Oct 18, 2002 6:12pm
News Release
FOR IMMEDIATE RELEASE
BBF RESOURCES INC.
[formerly Big Blackfoot Resources Ltd.]
Trading Symbol: TSX Venture Exchange– "BBF"
Calgary, Alberta, October 18, 2002:
BBF Resources Inc. (formerly Big Blackfoot Resources Ltd.) announced today that it has been advised by the TSX Venture Exchange that its common shares will start trading on a post one for two consolidation basis under its new name and trading symbol, at the opening on October 21, 2002. The Company currently has 20,279,480 (10,139,740 post consolidation) common shares issued and outstanding. Our new trading symbol is “BBF” on the TSX Venture Exchange.
BBF owns 100% of the Plata-Inca Gold/Silver/Lead/Zinc property in the Yukon. This 36 square mile property produced $5 million of silver between 1984 and 1987. The property has merit and further exploration is warranted.
The Company expects regulatory approval before year end of the issuance of 300,000 shares related to the purchase of a 100% interest in the Frenier Perlite property located approximately 150 kilometres from Ashcroft, BC. The Frenier Perlite property is one of the largest defined Perlite deposits in Canada, and was last produced in 1989.
Perlite is an industrial mineral used in Horticulture, Construction and Insulation products. Global consumption is 2.2 million tons per year. This market is well developed in North America and several commercial customers are located in Western Canada, making the Frenier property location a significant advantage. Commercial mining is expected to start again in 2003 providing BBF with significant cash flow and earnings.
For further information contact Patrick Casey, VP Corporate Development at (403) 686-4222
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
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