An agreement to sell their combined 40% interest in the Tyranite gold mine near Timmins, Ont., failed to spark the share price of either Gunnar Gold Mining or Mill City Mining in the week ended May 14.
Although Northfield Capital has agreed to give the partners a total of one million, or 35%, of its shares in exchange for the mine interest, Gunnar closed unchanged at four cents while Mill City gave up three cents to close at 25 cents.
Northfield Capital owns one-third of Northfield Minerals, which lost four cents to close at 50 cents on a volume of 108,000.
Formed by the amalgamation of Jerome Gold Mines and International Platinum Mining, Pacific Metals is proposing a private placement of up to $1.4-million worth of shares. Proceeds would be used to buy a 50% interest in the Wattle Gully Gold Mining project in Australia.
Trading 146,800, Jerome gained a penny to close at 16 cents.
Shareholders of Gateford Resources will receive 13 shares of Landmark Corp. for every 11 shares of Gateford following an agreement between the two companies. Among other investments, Landmark holds a 68% interest in Dominion Explorers. Gateford closed unchanged at 10 cents on thin volume.
A new addition to the exchange is Takla Star Resources. With 3.8 million shares outstanding, the junior explorer will concentrate on developing the AOK property in British Columbia. Trading 47,700, Takla closed unchanged at 55 cents.
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