PEOPLE — INT’L HOMESTEAD (January 17, 1994)
Everett Abbey appointed director.
Articles by Northern Miner Staff
LAST BUT NOT LEAST….Sunshine to make rights offering
New York-listed Sunshine Mining has filed a registration statement covering a rights offering to be made to its shareholders. Each right enables the holder to buy a unit consisting of two shares in th…
ODDS’N’SODS — Red Lake’s engineering `dean’
Among the many heroes of Ontario’s Red Lake mining camp is Horace Greely Young, Sr. Honored for his work in that community in the province’s northwest, Young was born in Osnaburgh, Ont., in 1881 and g…
Montrose option
Junior Montrose Gold Resources (CDN) has ended its option agreement with Falcon Point Resources (ASE). The agreement covered the Montrose Twp. gold property in northeastern Ontario. Montrose decided n…
Spot prices at a glance (January 10, 1994)
Week’s Price (US) Change Gold* $394.00 + $8.35 Silver* $ 5.23 + $0.14 Platinum* $397.00 + $8.50 Nickel** $ 2.39 – $0.03 Lead** $ 0.21 – $0.01 Copper $ 0.79 – $0.03 Zinc $ 0.45 + $0.01 Courtesy of Scot…
Nuinsco completes financing deal
Under a new agreement, Nuinsco Resources (TSE) will reduce its working capital deficiency to $840,000 from $3.5 million. The company will sell 2.4 million treasury shares to Winoro, an investment comp…
TR Minerals to be reorganized
Alberta-listed TR Minerals is seeking shareholder approval to reorganize. Under the plan, TR would acquire the mineral assets of two private companies, consolidate shares, raise financing, delist from…
$11m. for Peruvian company — Cambior, Southwestern buy gold
Joint-venture partners Southwestern Gold (VSE) and Cambior (TSE) have reached a purchase agreement with the owners of Peruvian resource company Minera Paraccay. Minera Paraccay owns the Santa Rosa gol…
PEOPLE — MERLIN RESOURCES
Antal Markus appointed president and director.
Central Crude makes payment
Central Crude (TSE) has made an option payment of $175,000 to Storimin Exploration (ASE) and Tandem Resources (ME). The payment is part of an agreement among Central and the other two companies whereb…
Kensington funding
A private placement of 4.5 million special warrants will net Kensington Resources (VSE) about $3.1 million. The company will use the proceeds to explore its diamond prospects in Saskatchewan. Each spe…
Ontex-Metalore lawsuit resolved
After seven years of legal battles, the lawsuit between Ontex Resources (ASE) and Metalore Resources (TSE) over the Brookbank gold property in northwestern Ontario has finally been resolved. The end c…