GOLD FUNDS (September 13, 1993)
BGR Central Net Value $13.59 $6.17 Price $12.00 $6.250 Discount 11.72% 1.3% Value $76,143,000 $113,120,625…
1993
TORONTO STOCK EXCHANGE INDICES (September 13, 1993)
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Heavy Comex trading volume
Trading volume on the Commodity Exchange (Comex) of New York during the first eight months of 1993 surpassed the total trading volume for 1992. The exchange says trading volume by the end of August ex…
A primer for Cuban-bound geologists
It comes as no surprise that mineral explorers are showing interest in the Santa Clara region of central Cuba. The area contains some of the most prospective geology on the island and hosts several hu…
Conwest, Faraday merger blessed
Conwest Exploration (TSE) and Faraday Resources (TSE) are officially wed, now that shareholders have voted in favor of merger. Also approved was a shareholder protection rights plan for the new compan…
First prize: trip to Africa
In keeping with its African safari theme for the annual fall fair of The Women’s Association of the Mining Industry of Canada (WAMIC), the first prize in a raffle will be two tickets to South Africa. …
Chetwynd buys interest in granite property
An agreement has been reached allowing Chetwynd Resources (CDN) to buy a 25% interest in privately owned Positano Granite Products. Positano holds seven claims near Sudbury, Ont., which contain a gran…
High River sees African potential
Toronto-based High River Gold Mines (TSE) is turning some of its attention to Africa. The junior, which is developing a gold project in Manitoba, has signed a letter of intent with an unnamed private …
Tintina acquiring Yukon molybdenum property
Regulators have approved Tintina Mines’ (TSE) purchase of Amoco Canada Petroleum’s 50% interest in the Red Mountain molybdenum deposit. Tintina currently owns the other half. The deposit, 50 miles nor…
LAST BUT NOT LEAST — Eureka financing complete
Vancouver-listed Eureka Resources (VSE) has negotiated a private placement of slightly more than a million shares at 17 cents per share. The placement carried with it an option on an additional millio…
LAST BUT NOT LEAST — Queenston completes placement
Toronto-listed junior Queenston Mining (TSE) has completed a Euro Equity offering with European investors for 441,000 units at 85 cents per unit. The units consist of one share and one warrant; two wa…
LAST BUT NOT LEAST — Hemlo options Labrador trough gold
Toronto-listed Hemlo Gold Mines can earn a half interest in Virginia Gold Mines’ (ME) Sagar III property in the Labrador trough area of Quebec. To do so, Hemlo must spend $2.5 million on exploration a…