1989


Pine Point acquisition sparks clash at meeting

Despite record earnings and a heady performance on The Toronto Stock Exchange last year, Pine Point Mines was berated at its annual meeting for not obtaining minority shareholder approval for a major …


COATS (over-the-counter) McNickel active

Sagging investor interest left most mining shares adrift on a directionless COATS market this week. With diamond drilling expected soon, the shares of McNickel Inc. remain active, however. The company…


FINANCING (May 22, 1989)

VANCOUVER Brooklyn Res Inc — gross proceeds rec $250,000. Fair Harbour Mng — gross proceeds rec $280,000. Athabaska Gold Res — opt exerc on 250,000 @ 52 cents per sh. Glider Devel Inc — 600,000 s…


Metrologist seeks help

Metrologist Jan Merks is seeking help from mining companies for a book dealing with the metrology of precious metals ores. He can be contacted at: P.O. Box 697, Station A, Vancouver, B.C. V6C 2N5.


Queenston, affiliates in flow-through deals

Toronto-based Queenston Gold Mines (TSE) has entered an agreement with CMP 1989 Resource Partnership and Co. to subscribe for $275,000 in flow-through share financing for 1989. Queenston said proceeds…




Montreal Exchange: Market advances

The market took a turn for the better this week with both the market portfolio and mining and minerals index posting broad advances, more than 65 pts and almost 62 pts, respectively. Volume was light-…




Canamax closes deal

A definitive agreement has been signed between Canamax Resources (TSE), Pacific Trans-Ocean Resources (TSE), Lloyds Bank and Central Capital Corp. regarding the sale of the Ketza River gold mine to Ca…


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