News in brief Ark Energy Ltd.
Ark Energy Ltd. (ARK:VSE) has changed its name to Arcanna Industries Corp. (AI:VSE) on a 1-new-for-5-old-share basis. Transfer agent is National Trust.
Articles by Northern Miner Staff
Newmont cancels Post mine deal with American Barrick
A change of emphasis at Newmont Gold’s (NYSE) Carlin operations in Nevada has resulted in the cancellation of a joint mining agreement between the Newmont Mining (NYSE) subsidiary and neighbor America…
Galactic finalizes Cornucopia buy
The agreement between 10 shareholders of Cornucopia Resources (TSE) and Galactic Resources (TSE) has been finalized with Galactic acquiring 3.165 million shares. The shares represent 16.34% of the iss…
News in brief Black Thunder Petroleum Corp.
Black Thunder Petroleum Corp. (BTP:VSE) has changed its name to Conley Resources Corp. (CNY:VSE) on a 1-new-for-5-old- share basis. A cease trade order dated from June 30, 1988, is still in effect. Th…
Oregon acquires Flat Gold property
The transfer of ownership in the Flat gold property will result in Oregon Resources (VSE) owning 100% of the Alaskan project where it intends to spend about US$1.5 million on exploration over the next…
Electrowinning set to emerge as major new method of recovery
Electrowinning, the recovery of metals from ore by means of electrochemical processes, will account for about 20% of total refined copper production by the year 2000, according to a Commodities Resear…
FUTURES PRICES (July 23, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 124.80 122.60 122.75 + 4.15 Aug 122.50 121.50 121.50 + 3.25 Sept 121.90 119.25 120.00 + 3.25 SILVER (in US c…
FINANCING (July 23, 1990)
VANCOUVER Crimsonstar Res — 1,000 offered @ 57 cents per sh. Yellow Band — 900,000 offered @ 45 cents per unit. Clifton Star — gross proceeds rec $1,645,503.50. Cons Kyle — 850,000 offered @ 40 ce…
Int. Larder-MRB
International Larder Minerals (TSE), which has been moving into the field of industrial minerals (talc and marble) in recent years, has advanced $200,000 to Bakertalc (ME), a struggling Quebec talc pr…
CLARIFICATION:
To clarify an earlier story (T.N.M., July 16/90), it should be noted that Charles Michener, a current director of Lytton Minerals (TSE), is a former associate of Derry, Michener, Booth & Wahl. Michene…
Dunfrazier offering not fully subscribed
Dunfrazier Gold Explorations (ASE) says it has received only $1,200 from subscriptions for a rights offering from which the Toronto company had hoped to raise $135,625. Dunfrazier says it has been adv…
Drilling started on Akiko-Lori projects
Joint venture partners Akiko- Lori Gold Resources (VSE) and Goldfields Canadian Mining have begun a summer drill program on their Catharine gold property, 16 miles southeast of Kirkland Lake, Ont. Aki…