FINANCING (December 18, 1989)
Desert Gold — gross proceeds; rec $270,000. Varitech Res — min 450,000 offered @ 55 cents per sh. Golden Peaks — gross proceeds rec $218,750. Gold Summit — min 800,000 offered @ 35 cents per sh….
News
Goldpost signs deal
Goldpost Resources (TSE) has sold its 78.3% share holding in Holcorp Gold Mines for $140,000. Holcorp agreed to sell to Goldpost eight patented claims consisting of surface and mineral rights containi…
Louphior in merger
An amalgamation between Louphior Exploration (ME) and a numbered company, 169457 Canada, has been announced. Shareholders of Louphior will receive one share of the new company in return for four old s…
Hol-Lac ends option
An option held by Hol-Lac Gold Mines (COATS) to earn a 70% interest in two mineral prospects in Nevada has lapsed. The properties, known as Silver Hill and Hill 6968, were in Esmeralda Cty. The option…
Gold funds as of Dec 12
MVP BGR Central Capital Net value $12.26 $6.36 $0.51 Price $11.00 $6.62 $0.35 Discount 10.28% 4.2% 31% Value $72,999,398 $107,160,899 N/A…
IOCC GOLD OPTIONS (December 18, 1989)
Options Open Series Volume Last Interest Feb 420 C . 1,011 14.50 2,547 Feb 410 C . 881 20.00 1,104 Feb 450 C . 719 5.20 933 Feb 380 C . 592 44.00 1,014 Feb 430 C . 47…
News in Brief (December 18, 1989)
Canarim Investment Corp. has changed its name to L.O.M. Western Securities Ltd.
Aumisko name change
Shareholders of Exploration Aumisko (ME) have approved a consolidation of the company’s A shares on a 2-for-1 basis. Shareholders also approved changing the company’s name to Ressources Granisko. The …
Hillsborough feasibility (December 18, 1989)
Hillsborough Resources (TSE) expects a project feasibility study for the Mt. Hundere zinc deposit in the Yukon from partner Curragh Resources by mid-December. Hillsborough and Curragh hold a 20% and 8…
Correction (December 18, 1989)
A tonnage figure of one million tons grading 0.30 oz gold per ton reported for the Little Stull gold project in northeastern Manitoba (N.M. Sept 4/89) was incorrect. Westmin Resources (TSE), the opera…
Jonpol raises $1.3 m for Garrison project
Jonpol Explorations (TSE) says it has completed a prospectus financing with Richardson Greenshields of Canada, whereby the company has received $1.3 million. Of that amount, Jonpol says $1.04 million …
Ketters ti the Editor Logan Drilling
I would like to point out an error which appeared in The Northern Miner (Dec 4/89). Please note that Logan Drilling, Stewiacke, N.S., was the contractor who provided drilling services for Antioch Reso…