Forest Gate Latest Press
2 September 2010
Forest Gate Energy Inc. reports that it has entered into a Purchase Agreement to acquire the Pershing gold property located near Val D'Or, Quebec from two private gold exploration companies called Montigua Resources Inc. and Bermont Resources Inc. Pershing is a gold exploration property consisting of 252 contiguous, unpatented mining claims. Following the closing of the purchase, Forest Gate will have a 100 percent interest in the Pershing property.
30 July 2010
Forest Gate Energy Inc. reports that it has issued 4,228,290 common shares in settlement of unpaid salaries and fees, which had been deferred in order to preserve cash, payable to officers, directors and consultants of the company.
14 July 2010
Forest Gate Energy Inc. reports that it has reached an agreement with Vanterra Energy LLC of Denver Colorado, whereby Vanterra will return to Forest Gate 3,596,053 Forest Gate common shares, 4,343,947 subscription receipts and 7,550,000 common share purchase warrants of Forest Gate in exchange for the 70% interest in certain oil and gas leases vended-in to the company in late 2009 and in January of this year.
