Cambiex offering to raise $10 million
Montreal-listed Cambiex has filed a final prospectus for a public offering of 12.5 million units at 80 cents each. A unit consists of one common share and one half common share purchase warrant. Each …
News
FINANCING (July 25, 1994)
Rio Narcea Gold Mines, Ltd. — 3,850,000 units, each consisting of a common sh & a one-half of one sh purchas wt @ $1.15 per unit. Trader Resource Corp. — 11,997,000 units to be issued on the exercis…
GOLD FUNDS (July 25, 1994)
Gold Funds as of July 18 BGR Central Net Value $17.06 $6.74 Price $15.25 $7.125 Premium 5.7% Discount 10.60% Value $138,597,000 $128,957,513…
NEWS IN BRIEF (July 25, 1994)
Levi Developments (LVX:VSE) has changed its name to RIS Resources International (RIZ:VSE) on a 1-new-for-6-old-share basis.
Royal Oak offers `paper of questionable value’ — Lac strikes
A week and a half after Royal Oak Mines (TSE) made its widely publicized, hostile takeover bid, the management of Lac Minerals (TSE) has responded with a scathing critique of the offer. Speaking at a …
Test mining a success for Fairfield Minerals
Underground test mining is returning both revenue and positive results from the company’s Siwash North gold deposit in southern British Columbia. Owner Fairfield Minerals (TSE) recently sold more than…
Ecuadorian plans further drilling on Gaby joint venture
A second stage of prefeasibility drilling is under way on the Gaby joint venture in Ecuador. Ecuadorian Minerals (ASE) is earning a 35% interest in any oxide resource outlined and a half interest in a…
MSV hits new intersections at Cedar Bay mine
Five new holes drilled at MSV Resources’ (ME) Cedar Bay mine have encountered significant gold and copper values. The holes were drilled between the 3,000 and 3,300 levels toward the Cedar Bay mine fr…
San Fernando adds to treasury
Additional funds are now in hand for continued exploration of La Fortuna, a gold-copper property in Mexico’s Durango state. Owner San Fernando Mining (VSE) has completed a private placement of 1.9 mil…
THE LATIN BEAT — Bolivar Goldfields outlines gold resource
Based on drilling and trenching results, Bolivar Goldfields (VSE) estimates an initial resource of 700,000 oz. gold for its Tomi concession in Venezuela’s Bolivar state. Most of this is contained in h…
NEWS ROUNDUP — Manhattan active in Mexico, Nevada
Shares of Manhattan Minerals have begun trading on the Toronto Stock Exchange. The company has received approval for its final prospectus, along with funds from the financing previously held in escrow…
THE LATIN BEAT — Joutel encouraged by Cuban trenching
Trenching at the Barite zone on Joutel Resources’ (TSE) Sierra Maestra concession in Cuba has yielded encouraging gold values. Recent sampling returned values of 0.053 oz. per ton across 131 ft. in Tr…