OSC to consider Comaplex issue at June hearing
The Ontario Securities Commission has scheduled a hearing for June 23, to consider whether shares of Comaplex Resources not held by a Swiss bank and two Liberian investment firms should be allowed to …
News
Davidson boosts land holdings in Timmins area
Toronto-based Davidson Tisdale Mines (TSE) has expanded its land holdings in the Timmins area of northern Ontario. President K. R. Kent told shareholders at the recent annual meeting the company had s…
Aur discovery is unrelated to former Louvem zinc mine
The old Louvicourt Twp. copper- zinc mine where Aur Resources (TSE) and Louvem Mines (TSE) have discovered an interesting new massive sulphide deposit, is one of four ex-base metal producers in the Va…
On basis of copper find Value of Aur, Louvem soars
A massive sulphide discovery on a disputed Val d’Or, Que. property held by Toronto-based Aur Resources (TSE) and Louvem Mines (TSE) sparked a flurry of buying activity as investors raced to buy up sha…
Despite dropping gold price Nuinsco on track at Cameron
Even though the financial climate could hardly be called hospitable, Douglas Hume strives to be realistic about the task that lies before him. Yes, he admits, a $100(US) per oz jump in the price of go…
Moneta acquires land
Moneta Porcupine Mines (TSE) has acquired a 100% interest in 20 patented claims in Tisdale and Deloro twps., near Timmins, Ont. The claims, which were purchased for shares, are adjacent to claims held…
Legal process entangles many good prospectx
Stories abound from yesteryear of mining deals being struck with a handshake. True or not, today’s legal battles and property court settlements, lawsuits and countersuits, make one wonder what happene…
Newfoundlan’s exploration potential draws interest
A great deal of exploration news is expected from Newfoundland in the months ahead as this summer’s field season gets under way in what explorationists hope will be another record year. Geologists rem…
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In the Yukon, the troubled Ketza River gold mine at Ross River is at the centre of a legal dispute between Canamax Resources (TSE) and Belmoral Mines (TSE). Canamax is suing Belmoral for breach of con…
CORRECTION (June 19, 1989)
In the Vancouver Stock Exchange market report of the June 5/89 issue of The Northern Miner it was erroneously reported that several officials of Can-Mac Exploration had been convicted of trading in se…
Dolphin selling quarter interest in Nfld. project
A 25% interest in the Cape Ray gold project in Newfoundland is being sold by Dolphin Explorations (TSE) to Ardonex Resources, a private company. Newfoundland-based Ardonex has agreed in principle to p…
Trend to mergers and acqusitions continues in 1989
In 1988, there were more than 75 mining Merger and Acquisition transactions involving Canadian companies, totalling in value over $5 billion. This review of 1988 mergers and acquisition activity in t…