FINANCING (August 01, 1988)
ONTARIO Released From Escrow PPC Oil & Gas Cor. — 230,103 shs released. VANCOUVER Vishnu Res — gross proceeds rec $152,000. First Star Egy — opt exerc on 120,000 @ $0.3025. Killick Gold — gross pr…
News
Ketza River mine in Yukon second for Canamax
It’s now two down and counting for Canamax Resources’ (TSE) chief executive officer, John Hansuld, who has promised a new mine a year for five years. In fact he’s ahead of schedule with the official o…
JFederal ruling on flow-through
Federal Finance Minister Michael Wilson has ruled that parties in a flow-through share agreement have up to 60 days after entering the agreement to set the price of the shares. This marks a change fro…
Falconbridge adjusts subscription price
Falconbridge Ltd. (TSE) says the adjusted subscription price for its common share purchase warrants, which expire July 27, 1989, will be $24.69, assuming the previously- announced $4.75 per share divi…
Black Swan seeking more Australian gold
After having achieved gold production within three years of a public listing — a rare enough accomplishment for a junior mining company — Black Swan Gold Mines (VSE) now expects to pay back its shar…
Petromet Res. pins hopes on ex-Consolidated Rambler bet
There aren’t many junior explorers around which can walk into an exploration property and expect to be in production within a year. But that is the position which Petromet Resources (TSE) and joint ve…
Upgrading plant equipment helps keep CCR competitive
Canada’s biggest secondary producer of gold is one of the largest copper refiners in the world. Canadian Copper Refiners (CCR), which traces its beginnings back to 1928 when a business decision was ma…
Agnico-Hecla
Agnico-Eagle Mines (TSE) and Hecla Mining of Coeur d’Alene, Idaho, announced that, subject to approval of their boards of directors, the companies will form a joint association for exploration of prec…
Energex/Geostar drilling yields positive results
Recent drilling on a project located in a historic gold mining district straddling the Nevada/Utah border has returned “positive” drill results, according to joint venture partners Energex Minerals (T…
Editorial The power of coal
Energy is used to generate electricity far more than it is used for any other purpose. Industry accounts for about a quarter of the world’s energy consumption, transportation a little less than that a…
Potential indicated for Bannockburn, Micham, Mono report
Initial results from the Bannockburn gold project near Madoc, Ont., suggest there is the potential for a small (200-ton-per-day) underground mining operation, Micham Exploration (VSE) and Mono Gold Mi…
INSIDER TRADES (August 01, 1988)
Amer Barrick — R. M. Smith sold 28,000 to hold 48,860. Armsher — E. Sheriff sold 120,833 to hold 500,000. Audrey — Northgate Expl bought 1,809,155 (private) to hold 1,950,000. Augdome — A. Kohn so…