Gold Funds (July 26, 1993)
BGR Central Net Value $13.93 $6.31 Price $12.13 $7.00 Discount 12.96% 10.9% Value $78,035,000 $126,695,100…
Articles by Northern Miner Staff
Financing (July 26, 1993)
Adda Minerals Company Ltd. — 800,000 shs @ 35 cents.
Great Lakes buys — Mexican gold play
Great Lakes Minerals (TSE) has picked up an option to buy a 100% interest in the Lluvia del Oro gold project in Mexico. Approximately 200 km south of Tucson, Arizona, the property hosts a gold-mineral…
Noble Peak works polymetallic play
A field program is to begin on MH Resources’ Mag Lake polymetallic project near Rankin Inlet, N.W.T. A private company, MH was formed to combine the interests of Noble Peak Resources (ASE), Dejour Min…
Tri-Origin funding
Toronto-listed Tri-Origin Exploration has arranged a bought deal with Gordon Capital to raise $1.05 million. The deal consists of 500,000 units at $2.10 per unit. Each unit consists of one common shar…
Court decisions buoy Curragh
Shares of Curragh (TSE) added 11 cents to 60 cents after court decisions in separate parts of the country swung in the zinc miner’s favor. In New Glasgow, N.S., criminal charges against the company an…
NEWS ROUNDUP — Magma Copper buys into Sanchez
Financing of the Sanchez mine project in southeastern Arizona is one step closer to completion following an agreement between owner Azco Mining (TSE) and Magma Copper (NYSE). Magma agreed to buy a 15%…
Book Review — Gold a unique, evolving commodity
The International Gold Trade, by Tony Warwick-Ching, Woodhead Publishing, Abington Hall, Abington, Cambridge, England, CB16AH (US$150). This book provides a comprehensive survey of a rapidly evolving …
Conwest, Faraday directors announce amalgamation plan
The boards of directors of Conwest Exploration and Faraday Resources have approved an amalgamation of the two Toronto-listed companies. Faraday shareholders will receive 0.42 common shares of the amal…
COMMENTARY — Indian silver imports relaxed
The habit of relaxing precious metals regulations in India is catching. Last year, it was gold; this year, silver. The Indian government announced in February that, for the first time in more than 40 …
NEWS ROUNDUP — Soquem exercises MSV warrants
Exploration in the Chibougamau, Que., area will get an extra boost following Soquem’s decision to exercise warrants of MSV Resources (ME). Under a $1.2 million private placement agreement signed last …
NEWS ROUNDUP — Glimmer, Hemlo to drill 31 holes
A 31-hole, 4,600-metre program will be completed on the Hislop Twp. property in northeastern Ontario this year, says Glimmer Resources (VSE). The program, expected to cost $322,000, is designed to pro…