Magma buys back outstanding warrants
In an effort to prevent stock dilution, Magma Copper (NYSE) is offering to buy back its outstanding warrants.The company will pay US$8.25 for each of the 4.1 million publicly traded warrants, which ha…
News
Index (May 29, 1995)
CareersClassified AdvertisingDiamond NewsDiamond DrillersEditorialsInsider TradingInvestment CommentaryLettersMetal PricesOdds `n’ SodsProfessional DirectoryRights & WarrantsStock MarketsSubscriber Se…
Meetings (May 29, 1995)
MEETINGSJune 5, Aztec — annualJune 5, Eldorado — annual, generalJune 5, Golden Queen — extraordinaryJune 5, Klondex Mines — annual, generalJune 5, Newscope — annual, generalJune 6, Arjon Gold — …
Altai buys antimony deposit
Canadian junior Altai Resources (TSE) has bought the Bayat antimony oxide deposit in southwestern Turkey.The deposit, which lies within a 512-hectare property east of the city of Afyon, is accessible …
Drilling adds potential to Voisey Bay
Exploratory drilling is expanding the tonnage potential of the Voisey Bay nickel-copper-cobalt project in Labrador.Property owner Diamond Fields Resources (TSE) says six holes were directed at evaluat…
Tri Origin drills Straw Lake play
A 2,000-metre drill program is under way at Tri Origin Exploration’s (TSE) Straw Lake gold property, west of Thunder Bay, Ont.The northern half of the 2,135-hectare property is underlain by intrusive …
INSIDER TRADING — Senior officers and directors trade Barrick Gold shares
A senior officer and two directors of Barrick Gold (TSE) sold common shares of the company in March.According to the Ontario Securities Commission’s OSC Bulletin, Luis Baertl, senior officer, exercise…
Anglo American studies Venezuelan nickel mine
Having completed a feasibility study on the Loma de Hierro nickel project in Venezuela, Anglo American hopes to work towards development of an open-pit mine.The proposed operation would produce ferro-…
Belore exits United Reef joint venture
Unable to raise additional capital, Belore Mines (ASE) has terminated a joint-venture agreement with United Reef (TSE)concerning two alluvial diamond properties in the Central African Republic.The com…
PEOPLE — GRANGES (May 22, 1995)
Paul Wright appointed vice-president of operations and project development.
Gold Funds (May 22, 1995)
Gold Funds as of May 16BGRCentral .TNet Value$17.25$6.66Price$14.38$6.625 Discount16.65%0.5% Value$134,841,000$119,907,863…
NEWS IN BRIEF (May 22, 1995)
Jericho Resources has changed its name to Regia Resources on a share-for-share basis.