Banquest Resources has changed its name to Universal Pre-Vent Inc.
basis of 1 new for 5 old shares.
News
Tax Angles: The `At-Risk’ rules (Part 2)
Recent court decisions foiled Revenue Canada’s general attempt to limit a limited partners’ allocation of deductions to the amount of his liability for economic loss or “at-risk” amount. The moratoriu…
PLACE RESOURCES — Robert G. Jennings elected a director
NO TEXT…
Investment Comment: Projects prove capital gains opportunities are
** in Canada gold shares ** Investors looking for capital gain opportunities in Canadian gold shares should consider some of the numerous promising high quality gold exploration and development projec…
Yorbeau Resources has raised $7.5 million by selling 3,250,000
77 cents each and 3,125,000 receipts for $1.60 each. Each unit consists of one common share and one-half a share purchase warrant. The receipts entitle the holders to one flow-through share for explo…
NORTEK ENERGY — Peter E. Von Sass appointed president and chief
officer.
Merietta Resource Corp has negotiated a private placement sale of
200,000 shares of the company’s capital stock at 45 cents per share. These shares will be designated as flow-through, the company says, and the proceeds will go to finance exploration on the company’…
Cornucopia renegotiates Red Mountain deal
A lease agreement held by Cornucopia Resources has been renegotiated, the company says. The agreement concerns the Red Mountain gold deposit in Colorado. Under the new deal, Cornucopia will receive a …
Metals Report: Labor relations seen improving
Labor relations in the mining industry are changing dramatically in the 1980s, largely a result of the changing economics of the industry. The 3-month old strike at Noranda’s Canadian Electrolytic Zin…
Drilling planned by Argentex in Puiseaux and Orvilliers twps, Que
A 25,000-ft diamond drilling program is scheduled to start in December on Argentex Resource Exploration’s property in Puiseaux and Orvilliers twps., Que. The drilling will test areas which yielded ano…
Bighorn Development Corp announces that First Exploration Fund
Limited Partnership has agreed to fund a surface diamond driling and shaft rehabiliation and underground bulk sampling program on the company’s Island Lake Gold project in Manitoba. Total flow-through…
Interlake plans to amalgamate
Interlake Development plans to amalgamate with two of its subsidiaries and a fourth company, all of which have interlocking management and hold jointly certain oil and gas property interests, and chan…