Waseco secures financing
A private placement of 1 million common shares of Waseco Resources (WSCO-C) will be used to finance an engineering study on modifying a dredge unit for alluvial gold production at Waseco’s Tewah prope…
News
Kinross eyes stake in True North
Through a private placement in La Teko Resources (LAO-V), Kinross Gold (K-T) has demonstrated its interest in purchasing the majority share of the True North deposit in Alaska, held by Newmont Mining …
Cons. Nevada hits high grade
Drilling by Consolidated Nevada Goldfields (KNV-T) has intercepted high-grade gold values at the Nixon Fork gold mine, near McGrath, Alaska.Beneath the C-3300 level, four holes encountered narrow inte…
Financings
Ecstall Mining (EAM-V) has arranged a best-efforts brokered private placement of up to 1.33 million units at 31cents per unit, for net proceeds of $360,000.Each unit consists of one share and half of …
MINING MARKETS AND INVESTMENT NEWS — Anzex Resources among crop of newly listed juniors
Listed on the Vancouver Stock Exchange in February, Anzex Resources (AZX-V) holds interests in the Longwood project on New Zealand’s South Island, and the Mosquito Hill project in North Queensland, Au…
MINING MARKETS AND INVESTMENT NEWS — Asia Pacific insiders keep active
The Ontario Securities Commission’s April 3 OSC Bulletin shows insiders of Asia Pacific Resources (APQ-T) were active traders of the company’s shares in mid-February.Crew Holdings, holder of more than…
LME WAREHOUSE LEVELS (April 20, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.14/98 (change from Apr. 7 in brackets):MetalStock(tonnes)Change…
OBITUARY — Harry Verney Warren
Harry Verney Warren, recognized as the father of biogeochemistry, has died. He was 93.Warren was born in Anacortes, Wash., and educated at the Vernon Preparatory School and the University of British C…
MOST ACTIVE ISSUES, April 8-14
ExchgVol(000’s)Close.ZSDenison MinesT77810.31Placer DomeT…
Peruvian shareholders fight Gabriel deal
Peruvian Gold (PVO-V) has been chastised by major shareholder Bradstone Equity Partners for not seeking shareholder approval for the company’s takeover bid of Gabriel Resources (GVU-V).Peruvian’s take…
MINING MARKETS AND INVESTMENT NEWS — Freeport’s growth plans in Indonesia get nod
Simon Beardsmore, mining analyst with T. Hoare, has given a thumbs-up to the long-term growth plans of Freeport McMoRan Copper & Gold (FCX-N), operator of the huge Grasberg mine in Indonesia.”Grasberg…
Tyranex raising funds to buy Mineral Hill
Tyranex Gold (TXGI-C) is in the process of raising more than US$19 million to finance its acquisition of the Mineral Hill mine in Montana.The financing is being arranged through Union Securities, ABN …