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by Stockwatch Business Reporter

The TSX Venture Exchange lost 2.43 points to 518.35 Thursday. Ron Birch's halted shell, Big Bar Resources Corp. (BBR), is selling a $1.5-million private placement of units at 25 cents. It will use the proceeds to finance work related to its change of business into a medical technology company. The shell is acquiring patents for a medical diagnostic device from CVR Global Inc. for seven million shares at 25 cents.

Big Bar was a mining issuer that dropped its two Arizona property options in September, 2008, because it could not afford the required exploration work. Two months later, Mr. Birch took over as president from geologist Rick Russell, with the goal of taking Big Bar out of the resource sector. Mr. Birch was a broker in the late 1980s and has since been an investor relations consultant through his own companies Janron Consulting Inc. and Bircress Corporate Relations Inc.

In 2009, Big Bar was suspended at 1.5 cents and downgraded to the NEX. In 2012, the stock rolled back 1 for 5, leaving 6,106,077 shares issued, and Mr. Birch sold a $750,000 private placement of 15 million units at five cents. In April, 2014, Big Bar looked into acquiring medical marijuana assets, but nothing came of that. Finally, in July, 2015, the shell announced its plan to acquire medical device patents from CVR. Its 23,498,616 shares were halted at 10 cents. Earlier this week, Big Bar and CVR signed a definitive agreement for the patent deal.

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