FINANCING (October 30, 1989)
ONTARIO Barytex Res — opt exerc on 400,000 @ 24 cents per sh Global-Pacific Minerals — 600,000 sold for gross $210,000 Digger Res — opt exerc on 150,000 @ 50 cents per sh Ezekiel Expls — 750,000…
News
Val d’Or placements raise $2.4 million
A series of private placements has netted Val d’Or Resources (ME) almost $2.4 million which will allow the company to meet its financial obligations contracted with Mines Abcourt (ME). Most of the fun…
IOCC GOLD OPTIONS (October 30, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .22011.002,917 Nov 370 C .256 5.502,175 Nov 380 C .223 1.503,060 Feb 370 C .16814.00 383 Feb 380 C * 77 9.50 709 Feb 390 C .165 6.50 624 Feb 400 C * 4…
CORRECTION (October 30, 1989)
Underwriter Brault, Guy, O’Brien is the agent for a $6-million offering by Exploration Orex, not McNeil, Mantha as reported in N.M. Oct 23/89.
Manitoba meeting on exploration news
The geological services branch of Manitoba Energy and Mines will hold its annual meeting Nov 27-29 at the Winnipeg Convention Centre. Speakers will give overviews of new concepts of geoscientific expl…
Red Dog project set to enter production
The massive Red Dog lead-zinc- silver project of Cominco Ltd. (TSE) in northwestern Alaska will begin production by the end of the year but there will be no shipments until the warm waters return abou…
Integrated biddingfor Northern shares
Integrated Resources (ASE) has offered to acquire a 51% stake in Edmonton-based Northern Minerals (TSE), which was previously known as Pacific Trans-Ocean Resources. Shareholders of Northern Minerals …
Alberta Stock Exchange Peter Island up
The junior-oriented Alberta Exchange continues to weather the storm that is wreaking havoc on share prices in Toronto and New York. As indicated by trading volumes this week, Alberta investors continu…
Weaker earnings hurt Inco despite improved dividend
Investors reacted negatively to Inco Ltd.’s (TSE) lower third- quarter earnings by selling off the stock which lost $2 over a 2-day period. The selling was also motivated by the lack of any news about…
Corona chairman not shy on reserve potential at Williams
Results from deep exploration at the Williams gold mine at Hemlo could lead to a doubling of reserves, Ned Goodman, chairman and founder of Corona Corp. (TSE), told institutional investors at a Goldm…
Amax to up stake in Canamax Res.
Vancouver-based Canamax Resources (TSE) has elected to repay the $7.3 million it owes to affiliate Amax Gold (TSE) by issuing shares to the Colorado company. In connection with the plan, Canamax has a…
Geddes financings raise $9.9 million
Geddes Resources (TSE) says it has raised $9.9 million through a series of financings for exploration at its Windy Craggy copper-gold- cobalt project in northwestern British Columbia. The financings i…