Gold Funds (June 07, 1993)
BGR Central Net Value $12.49 $5.89 Price $11.50 $6.375 Discount 7.95% 8.2% Value $69,978,000 $107,254,913…
News
NEWS IN BRIEF (June 07, 1993)
Akiko-Lori Gold Resources (AKI:VSE) and Omega Gold Corp. (OGC:VSE) have amalgamated to form Akiko Gold Resources Ltd. (AKI:VSE) with a consolidation of capital as follows. Shareholders of Akiko-Lori r…
Metrology study
Metrology in Mining and Metallurgy 1: Precision and Bias for Mass Measurement Techniques, published by Matrix Consultants, Box 697, Station A, Vancouver, B.C. Metrology, the science of measurement, de…
Financing (June 07, 1993)
Braiden Resources Ltd. — 500,000 units @ 61 cents and each unit consists of sh and 2 series A wts and 2 series A wts purchase sh. Golden Ring Resources Ltd. — 1,000,000 units @ 40 cents and each uni…
250 idled at Kidd Creek
Falconbridge will lay off 250 workers at its Kidd Creek complex in Timmins, Ont. A downturn in base metal prices has caused the layoffs, according to the company, a unit of Noranda (TSE) and Trellebor…
Base metal woes — New business plan for Trail
A long-range plan to ensure the financial viability of its smelter complex at Trail, B.C., has been unveiled by Cominco (TSE). Last year’s plan, laid out by the province’s job protection commissioner,…
NEWS ROUNDUP — Vengold secures Oro Uno
Some of the proceeds from a recent $42-million private placement has been used by Venezuelan Goldfields (VSE) to complete acquisition of the Oro Uno property in Venezuela. The company has $20 million …
Summer shutdown at Gibraltar
Operating losses have prompted Gibraltar Mines (TSE) temporarily to shut down the McLeese Lake open-pit copper mine and mill. The recent drop in the price of copper made it necessary to conserve cash,…
NEWS ROUNDUP — Stroud to drill Timmins gold property
Drilling will soon begin on Stroud Resources’ (TSE) Hislop Twp. gold property near Timmins, Ont. The program will be carried out at the Creek zone where preliminary reserves total one million tons gra…
NEWS ROUNDUP — Platinova completes private placement
A private placement of three million units at 75 cents each has been completed by Platinova A/S (TSE). Each unit consists of one common share of Platinova plus one warrant to buy one additional share …
NEWS ROUNDUP — Stratmin gets graphite technology
An agreement between Stratmin (ME) and St. Genevieve Resources (TSE) gives the former the right to develop and operate two new technologies for graphite purification and laminated graphite. The purifi…
NEWS ROUNDUP — Cal Graphite makes rights offering
Shareholders of Cal Graphite (VSE) are being offered two transferable rights for each common share held. Each right entitles the holder to buy one common share for $1.40 per share. The offering will r…