FINANCING (June 20, 1988)
ONTARIO Golden Penguin — final rec iss offer 1,000,000 @ $1.60 per sh. Home Lake — final rec iss offer 500,000 @ $1 per sh. VANCOUVER Armanda Gold — gross proceeds rec $165,000. Rat Res — gross pr…
1988
Aur reports decrease in first half income
On schedule to begin production in September at its wholly- owned Kierens project at Val d’Or, Que., Aur Resources (TSE) of Toronto reported a drop in first half earnings. Aur reported net earnings of…
News in Brief (June 20, 1988)
Playing a much more aggressive role in the Vancouver market, Homestake Mining recently concluded option agreements with McConnell-Peel Resources (VSE) and Sheba Copper Mines. The agreements, which cov…
People (June 20, 1988)
Quartz Mountain Gold Corp. — David S. Jennings appointed president and chief executive officer.
Sikaman, Centenary in joint venture
A joint venture agreement has been entered into by Sikaman Gold Resources (TSE) and Centenary International Mining of Australia to develop a base metal property in northwest Australia. Sikaman may ear…
Kiena, Sigma approve merger with Placer
Shareholders of Kiena Gold Mines (TSE) and Sigma Mines (TSE) have approved merging with Placer Dome. Sigma shareholders voted 94% in favor while Kiena shareholders voted 89% in favor at annual and spe…
Magnacon returns best hole
Having found a financial backer in Edmonton-based Echo Bay Mines (TSE), Flanagan McAdam Resources (TSE) considers itself in good shape for what should be a pivotal year in the company’s history. Under…
Mishibishu is hotter area that ever
Hemlo Gold Mines (TSE), which is heavily involved in the promising Misibishu area of northwestern Ontario, reports it has an agreement with Caribbean Resources (VSE) and Exmar Resources(VSE) for the e…
Gold Vessel offering
A preliminary prospectus has been filed across Canada by Gold Vessel Resources (ASE) relating to the issuance of a maximum of 50,000 units (worth up to $50 million), each unit comprising one partnersh…
Agreement on coal research
The action committee on Western Canadian Low- Sulphur Coal has endorsed recommendations calling for government support for the development of technologies to enhance the competitiveness of western coa…
COATS Trading Features (June 13, 1988)
Several issues made gains on COATS this week. Wye Resources traded almost 100,000 share to close at a high of 80 cents . A new president has been appointed to run the company. Also, encouraging result…
Starrex has profit
Earnings for the 3-month period ended March 31 totalled $179,000 or 4.4 cents per share, Starrex Mining Corp. (TSE) reports. The profit was generated by gold futures hedging of production from the St…