ONTZINC Corporation

Toronto-based junior company OntZinc (OTZ-V) has closed its purchase of Hudson Bay Mining & Smelting from South African mining house Anglo American (AAUK-Q) after completing large equity and debt financings.

The equity offering to finance OntZinc‘s (OTZ-V) purchase of Hudson Bay Mining & Smelting will raise up to $143.8 million, following agreements with a syndicate of seven investment houses.

A significant decline in precious metal prices over the week took the wind out of the junior resource market. The S&P-TSX Venture Composite Index closed at 1,721.79 for the week Dec. 8-14, up slightly from previous week’s close of 1,712.19, but no…

Continued exuberance in the metals market enabled the junior-mining-dominated S&P-TSX Venture Exchange composite index to close at 1754.39, up an impressive 3.2%, or almost 54 points, during the period Nov. 24-30. Average daily volume over the wee…

In the midst of trying to raise a hefty stack of cash to complete its planned acquisition of Anglo American‘s (AAUK-Q) Canadian operation, Hudson Bay Mining & Smelting, junior OntZinc (OTZ-V) has adopted a sha…

Rebounding commodities aided the junior-mining dominated S&P-TSX Venture Composite Index in closing out the Nov. 3-9 trading period at 1631.05, up almost 33 points from last week’s close. Average daily trading volumes over the session were just be…

During the Oct. 27-Nov. 2 report period, TSX Venture Exchange-listed companies traded lower as a group as the gold price lost ground, owing to a strengthening U.S. dollar. The S&P-TSX Venture Exchange index was down 54.38 points, or some 3%, durin…

The S&P-TSX Venture Composite Index, along with its junior miner-explorer component, had a relatively even week, closing out the Oct. 20-26 trading period at 1,652.62, up just over two points from the previous week’s close. The session saw average…