Hedman completes 4.2m-unit placement
A private placement of 4.2 million units at 12 cents each has been completed by Hedman Resources (ASE). Each unit consists of one common share and one warrant. The warrants can be exchanged for shares…
Articles by Northern Miner Staff
COMMENTARY — Gold price moves higher
There seems to be a cyclical element in the Western world’s gold production. It took 15 years, from 1951 to 1966, for annual production to rise by 75% to 1,285 tonnes (reflecting the development of th…
Stade buys shares
Calgary-based Golden Rule Resources (TSE) has agreed to buy 2.5 million units of Stade Exploration (ASE) at 26 cents per unit. Each unit will consist of a class A share and a share purchase warrant. O…
NEWS ROUNDUP — Ramrod adds to Cranbrook ground
Toronto-listed Consolidated Ramrod Gold has added to its ground position near Cranbrook, B.C., by entering an agreement to acquire the St. Joe claims, which lie north of its FORS and Vine properties. …
Saskatchewan gold mine — Cameco to test Contact Lake
Following the recent rise in the gold price and a revised feasibility study, Cameco (TSE) proposes to develop an underground test mine at the Contact Lake gold deposit in Saskatchewan. The deposit, 45…
Agnico raises US$44 million
Gold miner Agnico-Eagle Mines (TSE) expects to raise US$43.9 million through a public offering of 4.25 million common shares at US$11 per share. The offering is being made in the U.S., Canada and Euro…
Repadre warrants
Midland Walwyn Capital and Canaccord Capital will acquire six million special warrants of Repadre Capital (VSE) at $3 per warrant, to raise a total of $18 million. The underwriters have the option to …
Inco options Wilanour’s Red Lake play
Nickel giant Inco (TSE) can earn a 50% interest in four of Wilanour Resources’ (TSE) properties near Red Lake, Ont. Three of the properties — Wolf Bay, Slate Bay and Trout Bay — are base metal plays…
Phelps options bet
New York-listed Phelps Dodge can earn a 51% interest in a suite of mining claims from Kookaburra Resources (VSE). The claims are next to Kookaburra’s Longshot Ridge copper oxide project, near Hawthorn…
NEWS ROUNDUP — Thunderwood, First Cdn. in Ungava
Alberta-listed Tusk Resources has optioned its nickel-platinum prospect, in the Ungava region of northern Quebec, to Thunderwood Resources (TSE) and First Canadian Gold (CDN). Tusk will receive a cash…
NEWS ROUNDUP — Orco raises Donalda funding
Proceeds from a $1-million placement with private investors are financing a 20,000-tonne bulk sample at the Donalda gold project at Rouyn-Noranda, Que., Orco Resources (ME) reports. Bulk-sampling bega…
NEWS ROUNDUP — International Prism in Yukon
With the Yukon purportedly “open for business,” International Prism Explorations (VSE) intends to acquire a 48-claim block at Dolores Creek. To do so, according to a signed letter of intent, it must s…