NEWS IN BRIEF (May 06, 1996)
Consolidated Manus (CMI: VSE) has changed its name to Westmount Resources (WTM:VSE) on a 1-new-for-5-old-share basis.
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FINANCING (May 06, 1996)
Genesis Exploration — 3,000,000 shs @ $1.70 per sh.Westmin Resources — 10,300,000 Units, each unit consisting of one Common Sh and one-half of one Common Sh Purchase Wt @ $9.75 per Unit.
Archon drilling geophysical targets
In the Northwest Territories, Archon Minerals (VSE) has resumed a 6-hole drill program for potential kimberlites.The company, under the direction of President Stewart Blusson, is testing geophysical a…
STOCK MARKETS — Golds advance as base metals stagnate
The Toronto Stock Exchange enjoyed a steady rise over the period ended April 30, with the TSE 300 composite index reaching a record 5,154.32 before settling back to close at 5,146.47, a modest gain of…
Akiko and Gold Canyon make up
Former partners Gold Canyon Resources (VSE) and Akiko Gold Resources (VSE) have settled their differences over Ontario’s Springpole project.The dispute arose over Akiko’s claim to its right to buy a 2…
METAL PRICES — FREE MARKET (May 06, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateApr. 30 Apr. 29Apr. 26Apr. 25Apr. 24Copper2668-2673 2683-26862697-27022715-27202675-2678Lead800-802 803-805800-801809-810…
Dragon Gem funds N.W.T. works
A private placement of 2 million special warrants at 60 cents each will provide Dragon Gem (VSE) with exploration funds to map the Cole Lake and Island Lake gold and base metal prospects in the Northw…
Companies (May 06, 1996)
INDEXAkiko Gold Res.American Min.Archon MineralsArequipa Res.Avalon VenturesBand-Ore Res.Barrick GoldBattle Mtn GldBHP MineralsCanabrava DmndCannelle Expl.Carlin Res.Columbia YukonCons. ManusCopperque…
INVESTMENT COMMENTARY — Golden Tiger burns bright in Vietnam
Several promising exploration projects in Vietnam render Golden Tiger Resources (VSE) an attractive buy, according to broker Yorkton Securities.The junior is drill-testing two joint ventures with Teck…
Meetings (May 06, 1996)
MEETINGSMay 13, Canadian NaturalMay 13, MetallicaMay 13, SilveradoMay 13, United ReefMay 14, AGX Res.May 14, CS Res.May 14, DobranaMay 14, Kap Res.May 14, Midrim MiningMay 14, TorringtonMay 15, Callis…
West African gains ground in Burkina Faso
By signing two exploration permits, West African Mining Exploration (ME) will acquire a 75% interest in the mining concessions of Tambaga and Tindangou in southeastern Burkina Faso.The permits add 1,0…
Mountain Minerals targets Greenland
Industrial minerals producer Mountain Minerals (TSE) will buy from Platinova A/S (TSE) a 25% interest in the Gardar project, otherwise known as Ilimaussag.Situated in South Greenland, the Ilimaussag c…