Comstate bids for Comaplex shares
Calgary, Alta.-based junior Comstate Resources (ASE) is offering to buy the issued and outstanding shares of Comaplex Resources International (ASE) by way of a takeover bid. Comstate is offering: — $…
Articles by Northern Miner Staff
Jonpol, Perrex vend Douay claims
Partners Jonpol Explorations (TSE) and Perrex Resources (ASE) have reached an agreement to option their 211-claim property in Douay and Vezza twps., Quebec, to Soquem. The Quebec Crown mining explorat…
Drill program at Lac Anctil
Magnetic and induced polarization surveys have been completed by Westminer Canada on the Lac Anctil property near Chibougamau, Que., Greater Lenora Resources (TSE) reports. Lenora says drilling will c…
Cominco Res. steps up exploration
Exploration by Cominco Resources International (VSE) in 1993 will include more than $15 million in expenditures under company control. Of that total, the company’s net cost is about $5.7 million. Alth…
LETTERS TO THE EDITOR — Judge addresses material change
In your article “Judge finds in Seabright’s favor” (T.N.M., Apr. 5/93), you say that “a peculiar one-sided situation may be created by which optimistic estimates are quickly publicized, yet later pess…
LETTERS TO THE EDITOR — Seabright coverage incomplete
We are writing in connection with the article “Judge finds in Seabright’s favor” (T.N.M., Apr. 5/93). We represented Terence Coughlan and Jack Garnett at the trial of their action against Westminer Ca…
LATIN AMERICA ROUNDUP — Orvana resumes Jamaican work
Reflecting its increased activities in Jamaica, Orvana Minerals (VSE) has opened an office in Kingston and hired additional staff. Recently, it resumed exploring the Central Inlier property. The progr…
Eden Roc boosts land position in Ivory Coast
An additional 272 square miles of land have been secured by Eden Roc Mineral (TSE), surrounding the gold-producer’s existing exploitation permits in Ivory Coast, West Africa. The company has increased…
Adex placement
Adex Mining (TSE) says it will sell two million units at 49 cents per unit to Cabot Resources (VSE). Each unit consists of one common share and one non-transferable share purchase warrant exercisable …
Spot prices at a glance (April 19, 1993)
Price (US) Week’s Change Gold* $337.55 + $0.40 Silver* $ 3.90 + $0.11 Platinum* $362.00 + $1.40 Nickel** $ 2.70 – $0.03 Lead** $ 0.19 $0.00 Copper $ 0.90 – $0.02 Zinc $ 0.47 + $0.02 Courtesy of Scotia…
Dundee offer (April 19, 1993)
More than 98% of the outstanding common shares of Dundee Capital were tendered under an issuer bid, Dundee Bancorp (TSE) reports. Once the shares tendered are canceled, Dundee Bancorp will own 99.8% o…
Athlone acquires Venezuelan ground
A 100% interest in a gold and diamond concession application in the Anacoco area of the Venezuelan state of Bolivar has been acquired by Athlone Resources (VSE). The rights for the 800-hectare propert…