FINANCING (February 05, 1990)
Covenant Res. — min 500,000 offered @ 45 cents per sh. Auriga Res. — 700,000 offered @ 35 cents per sh. Adonos Res. — 550,000 offered @ 50 cents per sh. Nortran Res. — gross proceeds rec $282,00…
Articles by Northern Miner Staff
Golden Star offering to fund Guyana bets
Golden Star Resources (ASE) says a preliminary prospectus has been filed for a public offering and private placement to raise $10 million for exploration at gold and diamond projects in Guyana. Under…
Tenneco opens Fondaway mine
The official opening of the Fondaway gold mine near Fallon, Nev., adds yet another new mine to a growing roster that has made this state the leading source of gold production in the U.S. Tenneco Miner…
Simkar discovery
A new gold mineralized zone has been discovered by underground drilling at the Simkar gold project near Val d’Or, Que. The project is owned by partners R onrico Explorations (VSE) and Louvicourt Gold …
Alberta Stock Exchange says it held its own during 1989
It may be regarded as the little brother among the family of Canadian stock exchanges, but in 1989 the Alberta Stock Exchange more than held its own in a competitive market environment. The volume of …
Canamax loss hinders Amax earnings
Amax Gold (TSE) hasn’t been actively soliciting offers for its 49.7% stake in Vancouver affiliate Canamax Resources (TSE), but Mark Lettes, treasurer of Colorado- based Amax, says if a good offer come…
Samatosum beats recoveries made during tune-up
Higher grades and concentrate recoveries are being reported for the Samatosum polymetal mine operated by Minnova (TSE) near Kamloops, B.C. Sized at 550 tons per day, the Samatosum mine started commerc…
Improved data for Explorationists
The Ministry of Northern Development of Mines of Ontario is preparing a province-wide magnetic grid that will provide the base for a wide range of improved aeromagnetic data for use by mineral explora…
Lixor acquires Orleans option
An option to acquire a 50% interest in 18 claims in Courville Twp. in northwestern Quebec has been acquired by Lixor (ME) from Ressources Orleans (ME). The option sold to Lixor was initially granted…
Queries Gordex Minerals no longer trading
Can you tell me what is happening with Gordex Minerals? I notice the shares have not traded since last summer and there has been no news from the company either. R.G., Montreal, Que. Financial proble…
Entertaining ways of European metal users
Selling Canadian metals in Europe does not sound too enthralling but the personalities you meet and the meals and conversation are sometimes unforgettable. Several times a year, at about 6- to 8-week …
Moss, Power merge
An amalgamation agreement has been signed between Moss Resources (ME) and Power Explorations (TSE) to form Moss-Power Resources (TSE). Under the terms of the agreement, which requires shareholder appr…