News


USMX active in Puerto Rican copper-gold deposit

An advanced copper-gold deposit in Puerto Rico will be further tested this year by a drilling and metallurgical program funded by USMX (NASDAQ). The company recently acquired an approximate 50% equity…


Metals sub-index off sharply in April

A sharp drop in copper and potash prices in April led to a new cyclical low for the metal and mineral sub-index of the Bank of Nova Scotia’s commodity price index. Base metal prices continue to be pla…


THE DIAMOND PAGE — St Andrew funding

Toronto-listed junior St Andrew Goldfields has issued four million special warrants at 80 cents each to raise $3.2 million. Each can be exchanged for one common share. Some of the proceeds will fund d…


LAST BUT NOT LEAST — OMA elects chairman

For the first time, the Ontario Mining Association (OMA) has elected a chairman from a mining company in southern Ontario. W.R.C. (Bill) Macdonald is president and chief executive officer of CGC Inc.,…


FINANCINGS (June 14, 1993)

Red Fox Minerals Ltd. — 1,000,000 shs @ 50 cents. Dorset Exploration Ltd. — 1,700,000 shs @ $18.25. CS Resources Ltd. — 3,000,000 shs issuable upon the exercise of 3,000,000 special wts @ $7.30 per…


Donations sought for Logan fund

The Canadian Geological Foundation, a non-profit organization noted for its support of education in the earth sciences, is seeking donations to help it restore documents of historical significance. It…


New board members

Three new appointments have been made to the British Columbia Mineral Tax Review Board, which hears appeals on taxes levied under the Mineral Tax Act from owners of mines in the province. The 3-year a…


DIAMOND PAGE — Diamond fund’s rolling

At least two companies have entered into share purchase agreements with the Caratax Diamond Exploration Limited Fund, a tax-sheltered investment fund that will hold a basket of Canadian diamond explor…


METAL PRICES — FREE MARKET (June 14, 1993)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 8 June 7 June 4 June 3 June 2 Copper 1198-1200 1193-1194 1255-1256 1218-1220 11…




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