PEOPLE – GFM
Michael Watzky appointed director.
News
PEOPLE — FORT POINT
William MacPherson appointed director.
PEOPLE – CONQUISTADOR
Raul Madrid appointed chairman and CEO.
Cayman court freezes Felderhof assets — Bre-X bankruptcy trustee will also seek release of FIA report
The assets of John Felderhof, Bre-X Minerals’ former vice-chairman, may not be as secure as some had thought.The Grand Court of the Cayman Islands has granted an injunction preventing Felderhof, his w…
St Andrew raises funds
St Andrew Goldfields (SAS-T) has completed a private share offering to raise gross proceeds of $5 million.The deal, which was arranged by St. James Securities, comprised 500,000 flow-through shares an…
Boliden extends Westmin takeover deadline
Base metals major Boliden (BOL-IR-T) has moved back the expiration date of its takeover bid of Westmin Resources (WMI-T) to January 21 from January 9.In exchange for the bid extension, Westmin agreed …
MOST ACTIVE ISSUES, Dec. 31-Jan. 6
ExchgVol(000s)Close.ZSInco LtdT428124.75Canabrva DiaV…
DIAMOND PAGE — Archangel completes initial delineation drilling on Verkhotina pipe
Archangel Diamond (AAD-V) has announced more results from a recently completed definition-drilling program on Pipe 441 at its Verkhotina joint-venture project in northwestern Russia.A total of 10.8 to…
SPOT PRICES (January 12, 1998)
Monday, January 7, 1998Price (US)Week’s ChangeGold*$282.10- $11.80Silver*$6.10…
DIAMOND PAGE — Lexam arranges financing for Greenland diamond exploration
Lexam Explorations (LEX-M) has reached an agreement with brokerage firm Canaccord Capital to raise $2.5 million through a special warrant financing.The financing will consist of 2.5 million special wa…
TORONTO STOCK EXCHANGE INDICES (January 12, 1998)
1998Jan. 6Jan. 5Jan. 2Dec. 31Dec. 30HighLowCompos…
STOCK MARKETS – TSE — Gold slides back to low US$280s as majors take a beating — Base-metal markets remain weak while Asian economies flounder
During the report period of Dec. 24 to Jan. 6, the Toronto Stock Exchange’s TSE 300 composite index rose to 6656.26, a gain of 116.76 points, or 1.8%.Like most western currencies, the Canadian dollar …