Holmer arranges $1.3m financing
Toronto-based Holmer Gold Mines (ASE) has entered agreements with two investors to raise up to $1.3 million. The first private placement with MVP Capital (TSE) is for 1.2 million units at 30 cents eac…
News
Venezuela’s still hot — Verdict lifts Gold Reserve price
Following a Venezuelan Appeal Court’s decision on a lawsuit regarding ownership of the Brisas property, shares of Gold Reserve (TSE) climbed to record 52-week highs. Shares were trading at $20.25 at p…
Pioneer plans infill drilling
Infill drilling at Manitoba’s Puffy Lake gold mine should be under way by January, reports Pioneer Metals (TSE). The mine, northeast of Flin Flon, has been closed since 1989 and Pioneer hopes to retur…
NEWS ROUNDUP — Virginia, Placer in Quebec venture
Placer Dome (TSE) and Virginia Gold Mines (ME) have agreed to explore and develop various projects in northeastern Quebec. The terms of the agreement are as follows: * Placer will fund all expenditure…
NEWS ROUNDUP — Spirit trenches LaSalle concession
Junior Spirit Lake Explorations (ME) has completed two of three previously announced private placements for a gross amount totaling $300,000. Proceeds will go toward exploring the LaSalle concession i…
Promotional help available for industrial minerals
The industrial minerals industry in British Columbia will receive promotional help from the provincial government. “British Columbia produces about 20 different industrial minerals and could produce a…
DIAMOND PAGE — Diamond merchants make their pitch
Canadians have made progress but still have a long way to go when it comes to exploiting diamonds, according to two analysts who spoke at the recent Manitoba Mining, Minerals and Petroleum Convention….
Gold book compares international producers
A fundamental shortfall of supply over demand will cause the price of gold to rise in 1994 and 1995, according to Goldbook ’93, published by London-based T. Hoare & Co. Echoing this prediction is Rhon…
NovaGold samples high-grade zone
NovaGold Resources (TSE) is completing sampling, geophysics and geochemistry on its 70%-owned Pine Cove property, near Baie Verte, Nfld. Samples from the Romeo-Juliet structure have assayed as high 35…
Jordex rearranges private placement
A portion of Jordex Resources’ (VSE) previously announced private placement will not proceed. Instead, an aggregate of 500,000 common shares will be issued at 50 cents per share. The $250,000 raised w…
Cyprus, Amax merger approved
Shareholders of Cyprus Minerals (NYSE) and Amax (NYSE) have voted in favor of a merger. The new corporation is called Cyprus Amax Minerals Co. It becomes the second-largest copper producer in the U.S….
Gold Funds (November 29, 1993)
Gold Funds as of Nov. 23 BGR Central Net Value $15.02 $6.16 Price $13.88 $6.625 Premium 7.5% Discount 7.64% Value $84,154,000 $119,907,863…