Mine supplier plans offering
Parts distributor Mining and Allied Supplies (Canada) says it has filed for an initial public offering of up to six million units consisting of one common share and one common share purchase warrant. …
News
Deak secures feed from Astoria
Toronto-based Deak Resources (TSE) recently signed two deals designed to secure future feed for its Kerr mill at Virginiatown, Ont. In Quebec, the gold miner has negotiated an option-royalty agreement…
EDITORIAL PAGE — A truly regional Senate
There is an opportunity for Canada’s Constitution “fixers” to make the proposed new Senate truly representative of the country’s regions. But if they stop at simply giving provinces equal representati…
Goldstake buys Arizona project
The Little Giant gold-copper property in Arizona has been purchased by Goldstake Explorations (TSE). The purchase price was US$200,000 in cash, and a 2% gross production royalty with a minimum royalty…
Joint venture explores Utah’s Dugway district
The mineral potential of Utah is being given serious attention by Centurion Mines (NASDAQ), now the state’s largest holder of precious metals properties. The most recent acquisition was a 25% undivide…
Tiomin proposes amalgamation with affiliate of Falconbridge
In a bid to raise financing for its heavy mineral sand deposit in Quebec, Tiomin Resources has proposed an amalgamation with publicly traded New Pascalis Mines (ME). New Pascalis, 43% owned by Falconb…
NEWS ROUNDUP — Sheridan reactivating Lyndex
Plans are afoot to reactivate Lyndex Explorations (CDN). Subject to regulatory approvals, the company plans to offer by way of a private placement 400,000 treasury shares on a flow-through basis at 15…
MSV transaction
MSV Resources (ME) says it will sell the more than 1.5 million shares of VSM Exploration (TSE) it owns to Cambior (TSE) at 50 cents per share. MSV also plans to sell to Cambior any shares it purchases…
Exall option lapses
Stephen Roman, president of Exall Resources (TSE), says he did not exercise an option to buy all or part of Denison Mines’ (TSE) interest in Exall. Roman has decided instead to focus on raising funds …
GOLD FUNDS (August 31, 1992)
BGR Central Net Value $8.07 $4.86 Price $6.88 $4.50 Discount 14.81% 7.40% Value $47,965,000 $75,709,350…
Study supports plan to develop fluorite property
Based on the findings of an interim report by Kilborn Engineering, Silverspar Minerals (VSE) reports that its Silver District fluorite-silver property in La Paz Cty., Ariz., has the potential to be an…
Lac de Gras crash kills pilot
The rush for diamonds in the Northwest Territories has claimed its first fatality. Howard Damron, a 48-year-old pilot flying under contract for Dia Met Minerals (VSE) and BHP Minerals Canada, was kill…