FINANCING (November 25, 1991)
Silverstone Resources Ltd – 1,500,000 shs offered @ 17 per sh.
Articles by Northern Miner Staff
MinVen outlines terms of United Coin merger
Colorado-based MinVen Gold (TSE) is set to secure the 66% interest in the Golden Reward mine it doesn’t already own by agreeing to merge with United Coin Mines (TSE) of Toronto. After freezing conditi…
Montreal Exchange (November 25, 1991)
An economy with few bright spots seemed to worry investors during the week ended Nov. 20. Both the market portfolio and mining and minerals index turned down, the former by 55.5 points and the latter …
Bull Run seeks new opportunities
Armed with proceeds from last year’s sale of a 40% interest in the Big Springs mine, Bull Run Gold Mines (NASDAQ) is continuing to seek new mining opportunities. The Denver-based junior sold its inter…
NEWS IN BRIEF (November 25, 1991)
Tyme Resources Ltd. (TYZ:VSE) has changed its name to North American Tire Recycling Ltd. with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is National Trust.
Williams Creek drills at Westport
A 5-hole, 2,600-ft. drill program was recently completed by Williams Creek Explorations (VSE) on its wholly owned crown-granted Westport claims in the historic Wells-Barkerville gold camp in central B…
Cons. Brinco revises Hillsborough deal
Consolidated Brinco (TSE) and Hillsborough Resources (TSE) have revised the terms of their proposed merger to give Brinco shareholders a larger share of the merged company. The revised deal gives Brin…
St. Genevieve would amalgamate certain companies
An amalgamation involving companies within the St. Genevieve Resources (TSE) group of Montreal has been proposed for Jan. 1, subject to shareholder and regulatory approval. To be amalgamated are Bay R…
Better quarter for Cominco Res.
An improved operating performance has enabled Cominco Resources International (TSE) to reduce its losses this year over those reported a year earlier. A modest loss of $76,000 was reported for the rec…
Soviet factor skews forecasts for nickel market
Worldwide nickel consumption in balance with production until the late 1990s and annual growth in consumption at a galloping 3.4% after that (at least until 2005.) These were the projections of nickel…
Alberta Stock Exchange (November 25, 1991)
Northfield Minerals picked up 8 cents to close at 83 cents for the week ended Nov. 19 as the company poured its first gold from the Cheminis mine east of Timmins, Ont. More than 1,200 oz. were recover…
PROFILE (November 25, 1991)
Some observers, prompted by Inco Ltd.’s recent staking and drilling activity, note a change in its approach to exploration: a conservative company has become more aggressive in its search for ore. In …