Farallon to issue special warrants
Farallon Resources (VSE) has entered into a letter of agreement with underwriters to issue between 2.5 million and 3.2 million special warrants, at a price of $6.25 each, for proceeds of up to $20 mil…
News
INVESTMENT COMMENTARY — Vengold rises from ashes with stake in Lihir
Once a high-flyer with gold projects in Venezuela, Vengold (TSE) has seen its share price fall back to earth as drill results from those properties failed to live up to expectations. But the company i…
Bulk-tonnage deposit sought at Taurus
While it was high-grade veins that initially attracted International Taurus Resources (VSE) to its namesake property near Cassiar, B.C., partner Cyprus Canada is far more interested in outlining a lar…
PRODUCER PRICES (April 22, 1996)
ALUMINUM: MW U.S. market US76.5-77.5 cents per lb. (April 5, 1996).ANTIMONY: MW New York dealer US$1.80-$1.95 per lb. (April 5, 1996).BISMUTH: MW New York dealer US$3.90-4.05 per lb. (Feb. 29, 1996).C…
METAL PRICES — FREE MARKET (April 22, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 16 April 15April 12April 11April 10Copper2565-2567 2591-25932587-25902553.5-2555.52495-2497Lead804-805 820-822815-818 833…
TSE SHORTS (April 22, 1996)
Short positions outstanding at March 29, 1996Larger individual positions included: Barrick Gold 8,685,603; Anvil Range Mining 353,800; Bema Gold 3,330,740; Cambior 103,900; Campbell 1,184,670; Cominco…
Westmin to sell treasury units
Taking advantage of a recent surge in its share price, Westmin Resources (TSE) is selling 10.3 million units from its treasury to a group of underwriters for gross proceeds of roughly $100 million.Eac…
Deal between Atlas and MSV collapses
The recent change in management at MSV Resources (TSE) has spelled the end of a merger proposal between that company and Atlas (NYSE).Andre Fortier, after replacing Mario Caron as MSV’s chief executiv…
Voisey’s Bay mineralization leaps eastward
Drilling at the Voisey’s Bay nickel-copper-cobalt deposit in Labrador has expanded the basal mineralized zone known as the Eastern Deeps.Diamond Fields Resources (TSE), while drilling Hole 244 from a …
ODDS’N’SODS — Hats off
Canada Tungsten had commissioned the rapid aerial reconnaissance of 200 miles of access road that spanned the Yukon and the Northwest Territories in order to determine its schedule for winter freighti…
Financing arranged for TNK in Indonesia
A $10-million financing is providing TNK Resources (CDN) with funds to explore and expand its Indonesian property holdings.The junior plans to increase its interest to 50% from 30% in the Marunda Waha…
Gold zones confirmed at Dossi project
Kinbauri Gold (CDN) drills have hit gold in laterite and at depth in oxidized bedrock at the Dossi gold project in Burkina Faso.Kinbauri, which can earn a 65% interest in the 314-sq.-km project from M…