Financing (September 27, 1993)
Pure Gold Resources Inc. — 5,000,000 units each unit consisting of 1 sh and 1 sh purchase wt and issuable upon the exercise of special wts @ 20 cents per special wt. Venezuelan Goldfields Ltd. — 3,5…
News
NEWS IN BRIEF (September 27, 1993)
Bridger Resources (BDG: VSE) has changed its name to BDG Pacific Resources with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate Trust.
Antares lists on TSE
Shares of Antares Mining and Exploration, which recently merged with Goldpost Resources, have begun trading on the Toronto Stock Exchange. The debt-free company has $5.5 million in cash and 14.6 milli…
Curragh’s control of assets slips
Time is running out for troubled Curragh (TSE), which lost control of virtually all its remaining assets at a recent court hearing in Toronto. Ontario Court Justice James Farley granted a request from…
Fipke `really happy’ with diamonds’ quality — Economic pipes
Partners Dia Met Minerals (TSE) and BHP Minerals Canada appear to have three economic diamondiferous kimberlite pipes on their land package in the Lac de Gras region of the Northwest Territories, plus…
New Ontario discharge levels
New Ontario government regulations will require mining companies operating in the province to reduce emissions of five toxic heavy metals and cyanide by an average of 40% by 1996. Mines and metal refi…
LETTERS TO THE EDITOR — Ignorance a threat to mining’s
The following came from recent conversations: “I’m sure they can find ore deposits in areas that are not environmentally sensitive.” (I tried to explain that areas do not become “environmentally sensi…
NEWS ROUNDUP — Teck, Equinox in Bolivia
A joint-venture agreement provides with US$500,000 in funding for three Bolivian properties. Teck (TSE) will provide funding by early 1994 and can maintain a 51% interest in any of the properties by f…
Goldbelt Resources lands Pegasus funding
Partial funding for a gold-silver tailings project in Kazakhstan is at hand for Goldbelt Resources (VSE). The company has signed an agreement in principle with Pegasus Gold (TSE) for US$18 million. Th…
ODDS’N’SODS — The Jogran staking rush (1)
One hears many a tall tale from obstinate prospectors who persist in their quest for gold, but none can compare with the bizarre stories one hears on June 1 of each year when, at a specific hour, land…
N.A. Palladium in midst of suit
The Sheridan Group company Dalhousie Oil (CDN) has begun legal proceedings against North American Palladium (TSE), its wholly owned subsidiary Lac des Iles Mines, Kaiser-Francis Oil and others. Accord…
THE DIAMOND PAGE — New kimberlite discoveries unearthed at
Northwest Territories The focus was back on the Lac de Gras region this past week, as partners BHP Minerals Canada and Dia Met Minerals (TSE) reported the discovery of 16 new diamondiferous kimberlite…