Nesbitt, Bancomer work out deal
Investment dealer Nesbitt Burns has negotiated an arrangement with a Mexican investment bank which will permit the firms to market each other’s equity and fixed-income products in their own home count…
News
OBITUARY — Ted Arnold
A metallurgical engineer and part owner of the J&L mining property in British Columbia, Theodore (Ted) Arnold died recently in New Jersey. He was 89. A native of Vancouver and a graduate of the Univer…
Tax incentives aid advances in technology
Many companies are not taking full advantage of the Scientific Research & Experimental Development (SR&ED) tax credit program. Costs that companies incur in the ongoing process of advancing technologi…
Black Pine drilling extends zone
A drilling crew at the Black Pine project in east-central Idaho has delineated more than 16,000 ft. of mineralized strike length. Property owner Formation Capital (VSE) has identified 13 zones along t…
Breakwater files rights prospectus
Toronto-listed Breakwater Resources has filed a prospectus for an offering of rights to buy up to 239.5 million Breakwater shares at 10 cents each. Each shareholder would receive one right for each sh…
NEWS IN BRIEF (December 05, 1994)
Keith Resources (KEH:VSE) has changed its name to Avalon Ventures on a 1-new-for-5-old-share basis.
Holmer to fund work on Cuban play
Alberta-listed Holmer Gold Mines has arranged a private placement of 1 million units at 40 cents each. A unit will consist of one common share and a common share purchase warrant. The latter will be e…
Cominco Res. advances foreign projects
Ongoing programs in Turkey, Mexico and South America were highlights of this past year’s $19-million exploration program of Cominco Resources International (TSE). A 50-50 joint venture program with pa…
Western Troy drilling Wagg prospect
Diamond drilling is under way on Western Troy Capital Resources’ (ASE) Wagg gold prospect near Nestor Falls, Ont. The program will total 3,000 ft., with six holes totaling 1,072 ft. having already bee…
Galena Giant drilling results are disappointing
Drill results from the Galena Giant property in northern Montana were not as good as hoped. Vancouver-listed partners Wealth Resources and Arbor Resources previously reported the presence of copper su…
Positive feasibility study for wollastonite project
A positive feasibility study has been completed on Orleans Resources’ (ME) wollastonite property in St. Onge Twp., Que. Kilborn Tecsult of Montreal carried out the study, which incorporated the result…
Labrador find sparks Inuit interest
Management of Diamond Fields Resources (TSE) has met with representatives of the Labrador Inuit Association to discuss development plans for the company’s Voisey Bay project on that region’s northeast…