Toronto-based Dickenson Mines has acquired 9.8% of the outstanding shares of Wharf Resources of Calgary.
On Oct 16, Dickenson purchased 942,000 shares and then on Oct 26 increased its holdings to a combined 1,467,000 shares with a second smaller purchase. The company says it is holding the shares for investment purposes.
Wharf, which trades on the tse, operates an open pit mine in South Dakota. The company is projecting gold production for 1987 of 43,000 oz.
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