FINANCING (July 25, 1994)
Rio Narcea Gold Mines, Ltd. — 3,850,000 units, each consisting of a common sh & a one-half of one sh purchas wt @ $1.15 per unit. Trader Resource Corp. — 11,997,000 units to be issued on the exercis…
News
INSIDER TRADING — SW Gold officers exercise options, sell
Two senior officers of Southwestern Gold (TSE) exercised options and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director and senior officer Daniel Innes exerci…
Waddy awaiting sample results
Results of Waddy Lake Resources’ (TSE) evaluation of its Komis deposit at La Ronge, Sask., should be available by the end of July, as sample concentrate undergoes the last phase of testing. The $5.6-m…
Gold City acquiring producer
Concurrent with a change in control, Gold City Resources (ASE) hopes to revive the old Camp McKinney property near Bridesville, B.C. Control of Gold City recently changed to John Chapman, Mel Smale an…
COMMENTARY — Making Brunswick more competitive
— From a speech by John Carrington, outgoing president of Brunswick Mining and Smelting, at the company’s annual meeting: By many standards, Brunswick Mining and Smelting is straightforward and uncom…
Victoria Graphite in production
Production of flake graphite has begun at Victoria Graphite’s (CDN) property near Portland, in southeastern Ontario. Full-scale open-pit production is expected to be 10 tonnes per day from ore grading…
ODDS’N’SODS — Nova Scotia’s Meguma terrains
Many geologists who visit Nova Scotia scratch their heads over the great number of gold occurrences in the fold belts of Ordovician-age metasediments, known locally as Meguma terrains. They do so beca…
LAST BUT NOT LEAST — Caledonia sub on Luxembourg Exchange
Toronto-based Caledonia Mining (TSE) reports that its 31.6%-owned affiliate, Reunion Mining, has started trading on the Luxembourg Stock Exchange. The listing follows Reunion’s successful placement of…
LAST BUT NOT LEAST — Minprotech listed, eyes Indonesia
Having completed an initial public offering of units for gross proceeds of $550,000, Minprotech Mining has begun trading on the Alberta Stock Exchange. Each unit consists of one common share and a sha…
Strong new powers recommended for OSC
A task force studying the Ontario Securities Commission (OSC) is recommending broadening the regulator’s powers. The changes would allow the OSC, which oversees Canada’s largest securities market, to …
LAST BUT NOT LEAST — US$3.5-m placement for Crystallex
A US$3.5-million private placement will enable Crystallex International (VSE) to make option payments on and explore its Venezuelan gold projects. The 3-year convertible debenture will be convertible …
Princeton set to resume operations at Similco mine
The Similco copper mine near Princeton, B.C., will resume production in early August. The decision by owner Princeton Mining (TSE) reflects a 40 cents-per-lb. increase in the price of copper since ope…