MCCHIP &lt;MCS.TO> TO ACQUIRE RESERVE HOLDING
  McChip Resources Inc said it has agreed
  to exchange its interest in Oklahoma oil and gas properties
  operated by Reserve Exploration Co &lt;REXC.O> for 638,435
  restricted Reserve common shares.
      The company said it will have a 44 pct stake in Reserve's
  outstanding shares as a result of the exchange.
  

