NEWS IN BRIEF Millstream placement
Millstream Mines (COATS) has completed a private placement of 909,198 common shares at 20 cents per share. The company says proceeds of $181,839 will be used to pay off outstanding debts.
Articles by Northern Miner Staff
Akiko-Lori proposes merger with Bradner
By merging with Bradner Resources (VSE), Akiko-Lori Gold Resources (VSE) hopes to gain control of a major interest in Gold Canyon Resources (VSE). Akiko-Lori is offering to acquire all the outstanding…
Cream Silver sues B.C. government for compensation
As part of an ongoing battle with the British Columbia government, Cream Silver Mines (VSE) is taking the next step in its efforts to be compensated for the “expropriation” of its right to explore and…
Metalore files Brookbank appeal
Metalore Resources (TSE) has appealed to the Court of Appeal for Ontario in its bid to regain control of the Brookbank gold property which was awarded to Ontex Resources (ASE) following a trial last y…
CHARTER MINERALS
Brian Fairbank, Arthur Radtke, Marjorie Easley and Reginald Faulkner elected to the board.
Crude, partners up Moss Lake reserves
Partners Central Crude (TSE), Tandem Resources (TSE) and Storimin Exploration (ASE) have announced a substantial increase in reserves at the Moss Lake gold project, about 50 miles west of Thunder Bay,…
USMX, INC.
James Knox, Gregory Pusey and John Willson appointed to an interim executive committee of the board of directors; Keith Hulley resigned as president and director.
Alcan earnings tumble in 1990
Fourth-quarter net income picked up for Alcan Aluminum (TSE) but the Montreal-based aluminum producer saw its overall earnings dip in 1990 to US$543 million from US$835 million for the previous year o…
Denison unable to redeem its shares
Toronto-based uranium producer Denison Mines (TSE) has announced that it doesn’t have enough cash to redeem any of its 7-million series B preferred shares on March 15. Bill James, appointed president …
FINANCING (January 28, 1991)
Toltec Resources Ltd — 300,000 units offered @ 95 cents per unit.
Hounded by shortsellers, Chase offers legal opinions to dispel
Recent trading activity in Chase Resources (VSE) suggests shortsellers have been betting the company will fall from grace over its promotion of a copper-gold property in the Philippines. Late last yea…
Publishing date changed for U.S. mines handbook
The American Mines Handbook, a compendium of mining companies active in the U.S. and other related information which is printed annually by Southam Business Communications Inc., is changing its publis…