Unlisted Trading (September 02, 1991)

Trading moderately during the week ended Aug. 27, Teddy Bear Valley Mines (CDN) picked up 15 cents to close at $1.75 after management announced it had resolved a claim ownership dispute with Card Lake Resources.

The settlement divides the 5-claim property in Holloway Twp., Ont., into two parts, leaving Card with the two most southerly claims and Teddy Bear with three claims due east of, and along strike from, the Lightning gold zone. Card Lake lost 10 cents to close at 20 cents on a volume of 9,600. In what could be considered a sign of better times for juniors, three unlisted explorers completed private placements during the last days of August. Regal Goldfields, with a diamond play near Kirkland Lake, Ont., managed to raise $30,800 through a flow-through common share placement. Regal, which shed five cents to close at $1.35, will spend the proceeds on exploration.

Hol-Lac Gold Mines, which is filing for a stock split on a 2-for-1 basis, has completed a private placement of 750,000 pre-split shares at 20 cents per share. The company is reportedly closing a purchase deal on several mining claims near South Pass, Wyo. Hol-Lac closed unchanged at 27 cents. In a similar deal, Transgold Explorations and Investments, formerly Transgold Resources, has sold 750,000 units of the company at 20 cents per unit. Each unit consists of one common share and one warrant to buy a share at 25 cents. Transgold, which recently changed its name and consolidated its shares on a 1-for-4 basis, has been inactive.