News



Cambiex closes public offering

Montreal-based Cambiex Exploration has closed its initial public offering of 5,000 units at $1,000 per unit. Each unit consists of 800 flow-through common shares and 200 common shares at $1 per share….


Noble Peak wins private placement

Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…


Orleans processing bulk sample at St-Onge

Reaching what President Jean-Guy Masse describes as a major threshold, Orleans Resources (ME) has received positive results from samples taken on its St-Onge wollastonite deposit near Lac St. Jean, Qu…



Financing (June 07, 1993)

Braiden Resources Ltd. — 500,000 units @ 61 cents and each unit consists of sh and 2 series A wts and 2 series A wts purchase sh. Golden Ring Resources Ltd. — 1,000,000 units @ 40 cents and each uni…


DIAMOND PAGE — Overseas… KWG signs letter

KWG Resources (ME) has signed a letter of intent to buy 50% in four concessions in the municipality of Coromandel, Brazil, for US$1.8 million. One of the concessions, Charneca, produced diamonds value…


NEWS ROUNDUP — Campbell to issue special warrants

Toronto-listed Campbell Resources is planning to sell $10-15 million in special warrants which can be swapped for common shares at 88 cents each. Proceeds from the financing will be used to develop re…


Morgain applies for Mexican incentive

Toronto-based Morgain Minerals (VSE) is one of the first Canadian juniors to apply for Mexico’s new exploration and exploitation incentive program. Under the program, the Mexican government will finan…


Noranda re-works Montanore deal

Partners Noranda Minerals (a subsidiary of Toronto-listed Noranda) and Montana Reserves (a private company) have restructured the ownership of their Montanore silver-copper property near Libby, Mont. …


Silver demand rises in key regions

Demand for silver exceeded total new supply by 88.6 million oz. in 1992, the third consecutive year the market has been in a net deficit position, according to a survey released today by the Washingto…


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