Court approves Claude settlement
A settlement proposal to unsecured creditors of Claude Resources (TSE) has received court approval. Having paid the bankruptcy monitoring trustee $390,000, which is being allocated to unsecured credit…
News
Barrick to broaden horizons
Large North American gold producer American Barrick Resources (TSE) is looking for new opportunities overseas. The Toronto-based company announced the creation of its Corporate Development Group which…
Union member charged at Giant
The Royal Canadian Mounted Police have charged Roger Wallace Warren with nine counts of first-degree murder in connection with an explosion in the Giant gold mine that killed nine miners more than a y…
NEWS ROUNDUP — William eyes Guyana, Venezuela
An option to acquire an exploration licence in Guyana has been obtained by William Resources (ME). The licence for the diamond-gold placer project covers part of the Mazaruni River about 250 km southw…
Gold Funds (October 25, 1993)
BGR Central Net Value $14.04 $6.00 Price $14.38 $6.625 Premium 2.39% 10.4% Value $78,637,000 $119,907,863…
Westminer Canada options Timmins base metal property
In an agreement reached with Moneta Porcupine Mines (TSE), Westminer Canada can earn up to a 100% interest in a 65-sq.-km base metal property near Timmins, Ont. The property is in Jamieson, Macdiarmid…
Republic funding
Republic Goldfields (ME) has arranged US$1.575 million in equity financing. It consists of a private placement, outside North America, of up to 700,000 units at US$2.25 each. Each unit consists of one…
PEOPLE — WESTERN AND PACIFIC RESOURCES
Stephen Roth and Michael Rosenswig appointed directors.
Weaver options Thunder Bay play
Toronto-based Weaver Lake Explorations (CDN) has optioned a 3,960-acre base metal property in the Garden Lake area, 100 km north of Thunder Bay, Ont. The property consists of two claim groups, about t…
STOCK MARKETS — Yamba Lake results boost western market
Positive assay results from the Yamba Lake diamond discovery gave the weakening diamond exploration market a bit of a boost over the week ended Oct. 18. That combined with a move in bullion to the US$…
OSC disclosure rules come under scrutiny
The Ontario Securities Commission (OSC) is reviewing its disclosure policy after a professional organization concluded that valuation reports and fairness opinions relied on by shareholders are “inade…
Financing (October 25, 1993)
Curlew Lake Res. — 1,200,000 shs @ 42 cents. Adobe Res. — 1,500,000 shs @ 10 cents. Callisto Res. — 1,600,000 shs @ 10 cents. Detector Res. — 1,700,000 shs @ 10 cents. Grantham Res. — 1,700,000 s…