FINANCING (July 12, 1993)
Archer Resources Ltd. — 4,250,000 shs @ $8.50. Franco-Nevada Mining Corp. Ltd. –Stampeder Exploration Ltd. — 8,000,000 shs @ $2.75 per special wt and each sh issuable upon exercise of 8,000,000 spe…
Articles by Northern Miner Staff
DIAMOND PAGE — Record diamond sales
Sales of rough diamonds by De Beers’ Central Selling Organization (CSO) were US$2.54 billion in the first half of 1993, 42% higher than in the corresponding period a year ago. In dollar terms, sales i…
DIAMOND PAGE — Geophysical targets identified on Etruscan
Vancouver-listed Etruscan Enterprises reports that both Paterson, Grant and Watson (PGW) and Geonex Aerodat have conducted geophysical work on its Hackett River property in the Northwest Territories. …
Prime proposes Stikine merger
After negotiating for more than a year, Homestake Canada and Placer Dome (TSE) have reached a stalemate on a proposal to convert Placer’s 44% interest in Stikine Resources to a direct interest in the …
GOLD FUNDS (July 12, 1993)
Gold Funds as of July 6 BGR Central Net Value $13.48 $6.01 Price $11.50 $6.250 Discount 14.66% 4.0% Value $75,483,000 $113,120,625…
Davidson Tisdale
Toronto-listed Davidson Tisdale can buy a 50% interest in the Davidson Tisdale and Beaumont properties near Timmins, Ont. Davidson, which already owns half the properties, can buy the additional inter…
Abior, Soquem in option deal
Montreal-listed Explorations Abior can earn a 50% interest in an 18-claim diamond property in the Desmaraisville area of northwestern Quebec, near Le Tac Twp. The deal is part of an option agreement w…
Latest Verneuil drilling returns lower gold values
Drilling at the Verneuil Twp. gold property of Golden Tag Resources (VSE) and Consolidated Gold Hawk Resources (ASE) in northwestern Quebec intersected the shear zone in almost every hole targeted in …
Hol-Lac negotiates funding for Wyoming gold prospect
CDN-listed Hol-Lac Gold Mines is negotiating with a private company on the Isle of Man for $500,000 to finance sampling and drilling at its wholly owned Carissa mine in Wyoming. Carissa, the biggest g…
Claude files proposal for bankruptcy
Saskatchewan-based junior Claude Resources (TSE) has filed for bankruptcy to restructure debts owed to several major creditors. The largest creditor, Western Canadian Shopping Centres, which is owed $…
Mineral tenure dispute surfaces in Venezuela
At least one Canadian mining company could be affected by the outcome of a petition, filed in the Supreme Court of Venezuela, which challenges the authority of a state holding company to assign minera…
Goldsmith cuts Newmont interest
A couple of shareholders of Newmont Mining (NYSE) are reducing to minority status their combined holding in the Denver-based company. General Oriental Investments and RIT Capital Partners Group (both …