Alberta Stock Exchange Record trading

A record breaking seven-month period, has witnessed volumes of 424,819,000 shares changing hands, the Alberta Stock Exchange has reported. That compares a record 369,367,000 shares during the same period in 1986.

During the first seven months of 1987, 139 new listings have also appeared on the exchange, beating the record of 118 set in 1986.

Valley View Gold Mines (formerly Cornucopia Gold Mines) became the 140th listing when it began trading today. While the issue is unlisted in The Northern Miner’s Alberta quotes, it closed at $3.40 on a volume of 700 shares.

The listing comes after Cornucopia merged with its wholly-owned subsidiary, Valley View Gold Mines Ltd.

Sweany Gold was active following news from its joint venture project in the Beardmore camp north of Thunder Bay. The company says drilling at its Irwin Twp. property has identified a high grade vein of at least two zones containing highly anomalous values over significant widths.

Trading on a volume of 428,600, the day’s second highest, the issue was up 1 cent to close at 12 cents.

An announcement that diamond core drilling is in progress on Trio Gold’s Spanish Mtn. property four miles south east of Likely, B.C., has boosted the issue. It was up 31 cents on a volume of 76,500 shares traded to close at $1.50.

Trio says new trenching on the property totalling 1,100 ft has extended previously known mineralization with gold values up to 0.29 oz gold per ton.

Propelled by efforts to reopen the old Magnet Lake mine at Beardmore, Ateba Mines was trading on 387,800, the day’s fourth highest. The issue was up 15 cents to close at $1.10.

To finance its share in the operation, Ateba is preparing a rights offering when Class A shareholders can buy four shares for every one owned at 75 cents before Sept 22.

The company says a second rights offering when Class A shares can buy a one Class B share at 85 cents will close on April 30, 1988. Ateba expects to raise $5 million from the double offering.