FINANCING (January 15, 1990)
Major General Res — 500,000 offered @ $1.50 per unit. Team Res — 700,000 offered @ 70 cents per sh. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Forbes Res — min 650,0…
News
Claude extends work program at Seabee
Exploration work on Claude Resources’ (TSE) Seabee gold deposit in northern Saskatchewan is expected to lead to a production decision by May, the company says. The current exploration program, which b…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …
News in Brief (January 15, 1990)
Coin Lake Mines has changed its name to United Coin Lake Gold Mines (UCM:TSE) on a 1-new- for-2-old-share basis. Transfer agent is Central Guaranty Trust Company.
Coral cuts deal with Amax
Funding for further development and exploration of the Robertson gold property in Lander Cty., Nev., owned by Coral Gold (TSE), appears to be close at hand. Amax Gold (NYSE) has signed a letter of int…
Northfield completes private placements (January 15, 1990)
Toronto-based Northfield Minerals (ASE) says a private placement of 250,000 common shares to affiliate Northfield Capital (COATS) was completed recently. According to Northfield Minerals, it has raise…
Editorial Inspiration from the past
It is highly appropriate that Norman Keevil Jr. took the opportunity of addressing the Canadian Mining Hall of Fame’s annual induction banquet to announce Teck Corp.’s intention to stimulate research …
Insider Trading Geddes Chairman sells shares as Windy Craggy
Geddes Resources’ (TSE) Chairman Geddes Webster recently took advantage of some of the speculation surrounding the company’s Windy Craggy copper project in northern British Columbia. After exercising …
Santa Fe boosts reserves at Rabbit Creek
A significant increase in gold reserves was announced by Santa Fe Pacific Minerals, a unit of Santa Fe Southern Pacific (NYSE), for its 100% owned Rabbit Creek gold mine project, 35 miles northeast of…
Deep drilling planned for Fontana
A deep drilling project, costing about $500,000, is planned for the Fontana property in Duverney Twp., Que., says Jean Depatie, president of Bay Resources & Services (ASE) and Stratmin (ME), the major…
Agnico-Eagle board declares dividend (January 15, 1990)
The board of directors of Toronto- based Agnico-Eagle Mines (TSE) recently declared a US10 cents per share dividend payable May 1, 1990, to shareholders of record April 3.
McAdam has funds for Spud Valley work
Toronto-based McAdam Resources (TSE) has secured $200,000 in flow-through funding to continue exploration work at its Spud Valley gold property on Vancouver Island, B.C. The $200,000 is being raised b…