Still seeking a way to finance development of new reserves at its Mobrun polymetallic mine near Rouyn-Noranda, Que., Audrey Resources (TSE) has won another reprieve on debts owed to Elders Finance Inc…
A private placement of 1.125 million units at 40 cents per unit has been completed by Menora Resources (ME). Each unit consists of one common share and one warrant; two warrants and 80 cents are requi…
The metal and mineral sub-index of Scotiabank’s commodity price index edged up in May as firmer zinc prices offset weaker prices for nickel, gold and aluminum. The sub-index helped the all-items index…
Canada’s largest trading partner in Latin America is Mexico, reports the Export Development Corp. (EDC), which recently announced the conclusion of a technology-based sale by a Canadian exporter to Me…
Calgary-based Trev (ASE) has negotiated option agreements to earn a 100% interest in two Ontario properties with the potential to host significant massive sulphide mineralization. Previously held by t…
Exploration will resume on Windy Mountain Explorations’ (ASE) MacLeod Lake polymetallic property in northern Quebec following the closing of a $335,000 private placement at 59 cents per share. Windy s…
A Delaware court has granted Missouri oil refiner Clark Oil & Refining the right to proceed with a US$100-million initial public offering of common shares, despite opposition from minority shareholder…
An option agreement to acquire, subject to regulatory approval, a 100% interest in the Inca de Oro project in Chile, in the province of Chanaral, has been acquired by Even Resources (VSE). The gold pr…
The interest of gold producer Rayrock Yellowknife Resources (TSE) in oil and gas producer Discovery West Corp. will be reduced to 39.6% (on an undiluted basis) from 47% following completion of an offe…
Your article “Rio not funding Kemess work, partners consider alternatives” (T.N.M., June 29/92) may create a misleading impression that Rio Algom has no further interest in the South Kemess project. N…
In a bid to pave the way for financing of the Louvicourt Twp. copper-zinc deposit, Toronto-based Noranda (TSE) is spinning out a new company to shareholders of 52% owned Societe Miniere Louvem (TSE). …
In the column “Geologists adapt to changing times” (T.N.M., June 15/92), Patrick Whiteway highlighted some of the difficulties The Geological Association of Canada (GAC) currently faces. The column co…
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