Westar Mining restructures debt
Perhaps the mysterious trading activity on the preferred shares of Westar Mining (TSE) can be explained by the company’s recent announcement of a debt restructuring. The restructuring does not, howeve…
1990
Strong trading activity by ME during 1989
The value of shares traded on the Montreal Exchange during 1989 increased by 33.8%, a better performance than the 24.5% turned in by the combined Canadian market. The exchange reports the dollar value…
Iron carbide producer
Territorial rights encompassing 15 states in the U.S. have been granted to American Iron Carbide, a wholly owned subsidiary of Millers Cove Resources (ASE), for the production of iron carbide. Holder …
Queries Lake Ontario dredging sill on the books
Your paper has printed several articles about Platinova Resources’ activity in Greenland. Last March you also noted the association of Platinova with Deni son Mines regarding a project to dredge fin…
Franco-Nevada board votes to adopt poison pill plan
Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…
Varna busy in Maritimes as Corona starts program
Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …
Alberta Stock Exchange Zenmac moves up
Some substantial gains were made during the week ended Jan. 16 by three Alberta issues which haven’t been among the most active traders lately. During the week, Zenmac Zinc added an impressive 58 cent…
Four drill programs for Central Crude
Central Crude (TSE), which is moving ever closer to the Hemlo Gold Mines (TSE)-Noranda (TSE) fold, is also becoming much more active in the exploration field, with Noranda as operator. Central Crude n…
Edinburgh to host IMM Council in July
The 14th Congress of the Council of Mining and Metallurgical Institutions will be held July 2-6 in Edinburgh, Scotland. The focus will be the expanding range of minerals and materials required by cont…
Montreal Exchange Indices well off
Investors lost ground in active trading for the week ended Jan. 16, with the market portfolio tumbling more than 38 points and the mining and minerals index declining more than 19 points. Daily volume…
Freewest, Aurogin deal
Aurogin Resources (VSE) has granted an option to Freewest Resources (ME) and Maple Creek Mines, a private company. It gives the latter two companies the right to earn a 50% interest in a base metals p…
Atlantic Report Cape Breton Highlands get going over
Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…