FINANCING (November 19, 1990)
Greenstone Resources Ltd. — min of 550,000 and max of 1,750,000 units consisting of 1 common sh and 1/2 series C sh purc wt offered @ $2.75 per unit, plus 386,750 exchange units consisting of 1 commo…
News
Correction (November 19, 1990)
Intersections from Windy Mountain Explorations’ (COATS) MacLeod Lake property near Chibougamau, Que., include a 75-metre length grading 0.4% copper and a 55-metre length grading 0.53% copper. Incorrec…
NEWS IN BRIEF Tasu Resources Ltd.
Tasu Resources Ltd.(TAS: VSE) has changed its name to Imtrex Industries & Recycling Inc. with no consolidation of capital. Transfer agent is Montreal Trust.
Corona C shares
Burns Fry has announced that it owns or has control over 459,200 convertible first preference C shares of Corona (TSE), representing about 16% of Corona’s outstanding C shares. The securities firm say…
GOLDFUNDS2 (November 19, 1990)
Gold funds as of Oct. 16 MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
U.S. REPORT Kerr Addison closes grip on RFC board, plans Pend
Kerr Addison Mines (TSE) is moving to take a tighter grip on 44% owned RFC Resource Finance (TSE) before continuing with exploration on RFC’s wholly owned Pend Oreille zinc project in Washington. With…
Adonos, Lyon Lake commence drilling
Drilling is under way at the Beta Vargas gold property in Costa Rica, Adonos Resources (VSE) and Lyon Lake Mines (ME) report. A 21-hole drilling program is planned to confirm and possibly upgrade a pr…
U.S. REPORT Newmont Australia in BHP takeover
An affiliate of Newmont Mining (NYSE), Newmont Australia, recently acquired control of BHP Gold Mines from BHP’s parent, Broken Hill Pty. Co. of Australia, in a stock swap. Newmont Australia purchased…
ALBERTA STOCK EXCHANGE Ontex active
The final round in Ontex Resources’ court battle against TSE-listed Metalore was being fought during the report period ended Nov. 13 as lawyers from each side presented their final summaries at the tr…
Northgate writes off value of remote Colomac gold mine
Northgate Exploration’s (TSE) affiliate NorthWest Gold (AMEX) recently declared a $149.5-million writedown on the carrying value of its remote Colomac gold mine in the Northwest Territories. While the…
Blue Falcon, Moapa option deal off
An option agreement between the partners of the Moapa Valley precious metals project in Nevada and Blue Falcon Mines will not proceed at this time, Micron Metals Canada (ASE), one of the Moapa partner…
MER to hold seminar
Quebec’s Ministry of Energy and Resources (MER) will hold a seminar on exploration, Nov. 21-22, at the Chateau Frontenac in Quebec City. This seminar will highlight the latest developments in explorat…