News



NEWS ROUNDUP — ASC declines to prosecute

The Alberta Securities Commission (ASC) says it won’t prosecute in the case of a $34-million investor immigrant fund which left 230 Asian investors in a state of anger. Claude Resources (TSE) used the…


NEWS ROUNDUP — Wheels of justice

The wheels of justice move slowly, including that arm of the Ontario Securities Commission. In its press release of July 29, 1992, a public hearing was billed for Aug. 25 to consider, among other thin…




FINANCING (August 24, 1992)

Arrowhead Res. Ltd. – 4,000,000 shs offered, with 2,000,000 shs guaranteed and 2,000,000 shs on a Best Efforts basis @ 20 cents per sh. Sundance Res. Ltd. – 2,200,000 shs offered, with 200,000 shs gua…


Correction (August 24, 1992)

A recent hole drilled on Trader Resources’ (TSE) 50% owned Mikwam property in northwestern Quebec returned 1.6 ft. grading 0.07 oz. gold per ton, rather than 0.7 oz. gold (T.N.M., Aug. 17/92). Trader …


Eastern Stone

A 49.9% interest in granite producer Igneous Stone has been acquired by Eastern Stone Products (ASE). Igneous operates the Belmont granite quarry near Havelock, Ont. (in the province’s southeast). Als…


NEWS IN BRIEF (August 24, 1992)

Stoney Creek Mines Ltd. (STK:VSE) has changed its name to Cyn-Tech Ventures Ltd. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.



TORONTO STOCK EXCHANGE INDICES (August 24, 1992)

Aug 18 Aug 17 Aug 14 Aug 13 Aug 12 High Low Composite”300″3377.82 3379.78 3368.47 3360.45 3377.75 4009.47 3009.91 Metals&Minerals 2990.72 3007.99 2973.02 2952.37 2948.27 3453.06 2502.63 Integrated Min…


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