Montreal Exchange Juniors may merge
A proposed takeover bid (at $1.50 per share) of a junior by Quebec gold producer Cambior Inc provoked a response by the junior, but it wasn’t perhaps what Cambior was expecting. The junior, Nova-Coges…
Articles by Northern Miner Staff
FINANCING (December 12, 1988)
ONTARIO Augmitto Expls. — final rec iss offer min 750,000 & max 2,000,000 @ $4 per Cl A spec sh to net min $2,760,000 & max $7,360,000. Dynalta Egy — final rec iss offer min 3,000 & max 10,000 @ $1,…
Editorial Who’s in charge here?
Politics can make for some very peculiar reasoning. Take, for example, our recent general election, won by the Progressive Conservatives with what appears to be a resounding majority — 169 of 295 sea…
Glimmer Resources plans more drilling on Barnet Twp. bet (December 12, 1988)
NSR Resources (TSE) has signed a letter of intent with Master Gold, a private company, which gives Master the right to earn an interest in three of five concessions held by NSR in Rouyn Twp., Que. Mas…
Barrick, Gold STandard court date set
Another high stakes court battle will get under way when American Barrick Resources (TSE) and Utah- based Gold Standard Inc. appear in a Tooele Cty., Utah, courtroom, Feb 5, 1990. As a former joint ve…
Duration re-acquires interest in Theresa
Duration Mines (TSE) has reached an agreement with Redpath Ltd., a mining contractor, which will return ownership of the Theresa mine project near Longlac, Ont., back to Duration. Last summer, Redpath…
Editorial Balancing act
Two of the bogeymen in our business culture are corporate concentration and hostile takeovers. But in the true spirit of a free market seeking its own level of equilibrium, these two forces may be in …
Caisse files suit over Inco’s plans
A lawsuit seeking to nullify a proposed shareholders’ rights plan proposed by Inco Ltd.’s (TSE) board of directors has been filed with the Quebec Superior Court. Issuing the legal challenge to the tak…
Noranda limited in offers to purchase Falconbridge stock
While recently announcing its plans to acquire up to a further 10% (about 7.4 million shares) of the stock of Falconbridge Ltd. (TSE), Noranda Inc. (TSE) has chosen to make normal course purchases not…
Flexible immigration provisions key to U.S. markets
Now that the free trade agreement is a certainty, its new immigration provisions should result in at least a 50% increase in Canadians doing business in the United States. According to Joseph Grasmick…
No changes at Landmark if Sceptre bags Oakwood
After a 2-year effort to restructure the $320-million debt load of its 48%-owned affiliate Oakwood Petroleums, Landmark Corp. (TSE) has finally found a buyer for the beleaguered company. If creditors …
Pacific Comox drilling Yukon claims
Assays from a recent drill program on the TAY-LP claims west of the Ketza River gold mine were released by project operator, Pacific Comox Resources (VSE). The company is earning a 49% interest in the…