NO HEADLINE (August 22, 1994)
BGR Central Net Value $17.31 $6.62 Price $15.88 $7.125 Premium 7.6% Discount 8.30 Value $140,649,000 $128,957,513…
Articles by Northern Miner Staff
Roxmark acquiring Geraldton property
Under a preliminary agreement, Roxmark Mines (TSE) will gain control of the Little Long Lac gold mine property from Algoma Steel. Situated in Geraldton, Ont., the former producing property comprises 7…
Kennecott withdraws from Tintic venture
After spending US$1.5 million on the Tintic project in Utah, Kennecott opted to withdraw from its joint venture with Centurion Mines (NASDAQ). The project in the historic Tintic mining district was re…
High River closes $12 m placement
Junior gold explorer High River Gold Mines (TSE) has raised $12.1 million by selling 5 million special warrants. Each special warrant is exchangeable for one share, or 1.1 share if a final receipt is …
Monarch enters into agreements
Two separate agreements have been reached by Monarch Resources (TSE) which allow the company to acquire interests in a Venezuelan property and Argentine properties. Monarch signed a letter of intent w…
INSIDER TRADING — Cons. Ramrod officers buy and sell shares
Three senior officers and one director of Consolidated Ramrod Gold (TSE) bought and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director Allan Frame bought 2,00…
Drilling ups reserves at Hislop-Beatty
Results from the first five holes of a 37-hole program have increased reserves at the Hislop-Beatty project in northeastern Ontario. Operator Hemlo Gold Mines (TSE) reports that the best intersection …
Correction (August 22, 1994)
A story concerning the Montanore property in Montana (T.N.M., Aug. 15) should have referred to private company Montana Reserves as the project partner of Noranda Minerals. Montana Reserves has a net p…
Greenstone raises project funding
Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million. The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The…
New legal action against Westminer
A group of Nova Scotian investors representing Cavalier Capital Corp. has initiated legal action against Westminer Canada and six other defendants. The investors claim to have suffered an $8-million l…
Camnor drilling provides encouragement at Willoughby
Drilling by Camnor Resources (VSE) is off to a promising start at the Willoughby gold property 26 km east of Stewart, in northwestern British Columbia. The first hole of this year’s program intersecte…
AMERICAS — Bolivia courts foreign mining investment
As increasing numbers of companies join the exodus to South America, opportunities to obtain properties with high mineral potential are decreasing quickly. This development is particularly true of cou…