Court approves Claude settlement
A settlement proposal to unsecured creditors of Claude Resources (TSE) has received court approval. Having paid the bankruptcy monitoring trustee $390,000, which is being allocated to unsecured credit…
Articles by Northern Miner Staff
STOCK MARKETS — Yamba Lake results boost western market
Positive assay results from the Yamba Lake diamond discovery gave the weakening diamond exploration market a bit of a boost over the week ended Oct. 18. That combined with a move in bullion to the US$…
Financing (October 25, 1993)
Curlew Lake Res. — 1,200,000 shs @ 42 cents. Adobe Res. — 1,500,000 shs @ 10 cents. Callisto Res. — 1,600,000 shs @ 10 cents. Detector Res. — 1,700,000 shs @ 10 cents. Grantham Res. — 1,700,000 s…
Morgain completes private placement
A private placement of up to $3.96 million has been arranged to fund a prefeasibility study on the Cuatro Hermanos copper property in Mexico’s Sonora state, reports Morgain Minerals (VSE). The placeme…
Aur drilling for diamonds in N.W.T.
Drilling has begun on the McConnell diamond project, northeast of Yellowknife, N.W.T. The property, a joint venture among Aur Resources (TSE), Thunderwood Resources (TSE), Consolidated Abitibi Resourc…
Comstate arranges special warrant private placement
A private placement of 5.5 million special warrants at $1.05 each has been arranged by Comstate Resources (TSE). Each warrant will be exchangeable for one common share of Comstate at no additional cos…
Republic funding
Republic Goldfields (ME) has arranged US$1.575 million in equity financing. It consists of a private placement, outside North America, of up to 700,000 units at US$2.25 each. Each unit consists of one…
PEOPLE — WESTERN AND PACIFIC RESOURCES
Stephen Roth and Michael Rosenswig appointed directors.
Cambior benefits from Omai output
The Omai mine in Guyana helped to push gold production for Cambior (TSE) during the first nine months of 1993 to 381,122 oz., a 42% increase compared with the same period last year. The open-pit mine,…
Reforms in store for B.C. securities markets
Major structural changes to the British Columbia securities market are expected to be recommended by a commission appointed by the province to review the operations and regulation of both the Vancouve…
Spot prices at a glance (October 25, 1993)
Week’s Price (US) Change Gold* $371.60 + $5.00 Silver* $ 4.49 + $0.04 Platinum* $375.25 + $5.15 Nickel** $ 2.12 + $0.08 Lead** $ 0.18 $0.00 Copper $ 0.73 – $0.03 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
NEWS ROUNDUP — More drilling for Rush and Run
Drilling is planned by Continental Pacific Resources (VSE) for two copper-zinc discoveries at its properties south of Coronation Gulf, N.W.T. The junior has completed geological mapping and geophysica…