Obituary C. P. Girdwood
Charles P. Girdwood, former general manager of the Dome gold mine in South Porcupine and a former vice-president and director of Dome Mines, died August 8 in hospital at Ottawa. He was 78. Before join…
News
Toronto Stock Exchange Listless performance a result of uncertainty
A cloud of uncertainty continued to hang over the exchange this week as investors remained liquid, showing reluctance to increase their positions until a clear sign of a market turnaround appears. Cho…
FINANCING (August 22, 1988)
ONTARIO Norad — final rec iss offer 1,000,000 @ 50 cents per sh. NovaGold — final rec iss offer max 10,000 & Min 1,667 @ $1,200 per unit. McLaren — final rec iss offer min 900,000 & max 1,200,000 …
Letters to the Editor (August 22, 1988)
In reference to your editorial, Corporate Giving Not Just A Frill, May 1988, the Vancouver Art Gallery would like to acknowledge the generous support from three very prominent mining companies: Placer…
Queries Fort Knox’s gold mining ambitions on hold
Could you please let me know what is happening with a company called Fort Knox Minerals. The company trades on the Vancouver Stock Exchange and its interests include the Eagle Bird mine in California’…
Noranda buys 11.7% stake in Falconbridge
After being outfoxed in its bid to buy a control block of Falconbridge Ltd. (TSE) shares from Placer- Dome Inc. (TSE), Noranda Inc. (TSE) has quietly gone to the open market and emerged as Falconbridg…
Strike looks certain at Falconbridge Ltd.
About 1,750 hourly wage employees at Falconbridge Ltd.’s Sudbury, Ont., operations appear set to strike when their present contract expires on Aug 21. “Things don’t look hopeful because there are so m…
MacDonald Mines
A group of shareholders of MacDonald Mines (COATS) have called a special shareholders meeting to elect a new board of directors. The group says that the previous board resigned at the beginning of the…
Falconbridge holds 92% of McIntyre Mn.
Toronto-based Falconbridge Ltd. (TSE), completed the acquisition of 12.5 million Falconbridge common shares and 750,000 common share purchase warrants from Placer Dome Inc. (TSE), the company said rec…
Ronrico placement to finance Simkar gold exploration
Ronrico Explorations (VSE) of Toronto has announced a private placement to finance exploration at the company’s Simkar project at Val d’Or, Que. After spending $7 million, Ronrico holds a 50% interest…
News in Brief (August 22, 1988)
Robex Resources (ME) has signed an agreement, in principle, with Maufort Resources (ME) which allows Robex to buy back up to 13% of its capital share and up to 21% of the capital share of its sister c…
FUTURES PRICES (August 22, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 93.40 93.40 93.45 — 0.55 Sep 94.95 92.30 …