As if to signal the end of the 1990s bull market for resource stocks, irate shareholders and vigilant securities regulators have taken aim at a powerful brokerage firm and several junior companies tha…
Dallas-based America Mineral Fields (AMZ-T) has entered discussions to merge with Nord Resources (NRD-N). Both companies have interests in Africa.AMF is engaged in several joint ventures with large mi…
Cimarron Minerals (CIU-V) has amended and re-priced a previously announced brokered private placement. The financing now consists of 1.4 million special warrants at 25cents each, for gross proceeds of…
Proceeds from a recent rights offering by Nelson Gold (NLG-T) are being used to repay a loan.The purchase of four rights entitled holders to buy one share at 27cents.The offering resulted in the issua…
Following a year of due diligence and about $1 million worth of expenditures, Zen International Resources (ZQP-V) is walking away from what was once its centrepiece in southeastern China.The company h…
An independent resource calculation has expanded the size of the George Lake gold deposit of Kit Resources (KIT-T).Situated near Bathurst Inlet, N.W.T., the deposit is now estimated to host 6.5 millio…
Ross Fitzpatrick, chairman of Channel Resources (CHU-T), is continuing to urge shareholders to reject an “opportunistic” takeover bid by rival West African explorer Etruscan Resources (EET-T). But hav…
Inco’s sale of its alloys division to a U.S. manufacturer could net the nickel miner US$408 million.Plans to sell Inco Alloys International to New Hartford, N.Y.-based Special Metals hinge on regulato…
Toronto-based Bolivar Goldfields (BVG-T) has completed a US$20-million financing with Barclays Bank and Standard Bank London.The financing comprises a US$16-million senior loan and a US$4-million subo…
More than US$18 billion was spent on mergers and acquisitions in the mining and metals processing industries in 1997. This represents a 50% increase over 1996, when only US$12 billion was spent. In 19…
“The Ugly Canadians” (who else but miners?) made the evening news this past week, with their tailings spills and environmental scandals featured in prime time alongside reports of further sex scandals…
George Faught appointed director.
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