Mitsubishi plans Texas copper smelter
A new smelter featuring continuous copper processing technology is being planned for Texas by Mitsubishi Metal. The smelter, with the capacity to produce 200,000 tonnes per year, is on the drawing boa…
News
News in Brief (December 04, 1989)
Hisway Mining Corp. has merged with Hisway Resources Corp. (HIS:VSE) under the latter name. Hisway Mining shareholders receive one new share for two old shares; Hisway Resources shareholders receive o…
Nova-Cogesco deals raise $3.5 million
Recently raising $3.5 million in two separate private placements was Nova-Cogesco Resources (TSE). One placement, which raised $1 million, was completed with Aur Resources (TSE) which purchased flow-t…
Rockford offering to finance takeover
Toronto-based Rockford Minerals (TSE) recently announced the terms of a rights offering designed to finance a takeover bid for Tyranex Gold (COATS) and to reduce Rockford’s indebtedness to Northfield …
Brunswick uncovers new sulphide zone north of minesite
Recent drilling by Brunswick Mining & Smelting (TSE) north of its No 12 lead-zinc mine at Bathurst, N.B., has revealed a new sulphide zone. A deep hole, A-248, from surface intersected a 13.4-m lens o…
Calpine shareholders group appeals to regulators
A fairness opinion for the proposed merger between Prime Resources (VSE) and Calpine Resources (VSE) has raised the ire of a group of Calpine minority shareholders. Speaking for the Calpine minority s…
5.8 million tons indicated Tulsequah ups reserves
An updated geological reserve estimate was released by junior partner Redfern Resources (VSE) for the Tulsequah Chief massive sulphide project in northwestern British Columbia. The new calculations in…
Ontario backing down from Bill 208
The Ontario government is backing away from legislation that would let designated workers shut down work places they consider unsafe (Bill 208). This is an outright insult to workers in Ontario. In 19…
Inel, Gulf Int’l plan amalgamation
The board of Inel Resources (VSE) has agreed in principle to an amalgamation with associated company, Gulf International Minerals (VSE). A management committee was formed to negotiate the terms of the…
Gold funds as of Nov 28
MVP BGR Central Capital Net value$12.40 $6.54 $0.53 Price$11.50 $6.62 $0.39 Discount 7.26% 1.3% 26.5% Value$73,840,638 $110,148,302 N/A…
FINANCING (December 04, 1989)
ONTARIO Jonpol Expls — 400,000 offered @ $3.25 per unit to net $1,202,500. VANCOUVER Mondana Ventures — gross proceeds rec $234,00. Major General Res — 500,000 offered @ $1.50 per unit. PMA Res — …
Faraday, Jascan
Faraday Resources (TSE) has increased its interest in Jascan Resources (TSE) to 48.8%. The company purchased another 1.3 million shares of Jascan privately. Jascan holds a portfolio of mineral propert…