Bema reworks debt terms
Bema Gold (TSE) wants to extend the term of its $5.6 million in convertible debentures. The company is proposing a 2-year extension on the maturity date to May 31, 1995, retaining the original 9% coup…
News
Engineering studies set for Cerattepe project
Through metallurgical and engineering studies at the Cerattepe copper project in Turkey, Cominco Resources International (TSE) is aiming for an early production decision. The focus is on the main high…
PEOPLE — BULLION REEF
Ed Gallagher, Jim Glass and Frank Hogg elected director. N5…
Odds of finding a diamond mine in N.W.T. are statistically
Statistically, the odds of finding a diamond mine in the Slave province of the Northwest Territories are less than 1-in-10, registrants were told at a recent short course on diamond exploration and ev…
TSE INDICES (April 12, 1993)
Apr.6 Apr.5 Apr.2 Apr.1 Mar.31 High Low Composite”300″ 3598.81 3604.36 3595.07 3614.55 3602.44 4009.47 3009.91 Metals&Minerals 2906.33 2904.92 2900.76 2926.43 2931.38 3453.06 2502.63 Integrated Mines3…
Drilling under way at South Comstock
Drilling aimed at expanding reserves is to begin on the South Comstock gold project in Nevada, a 50/50 joint venture involving Rea Gold (TSE) and BMR Gold (TSE). The first phase will test the continui…
Scintilore appealing payment order
The Superior Court in Quebec (Montreal district) has ordered Scintilore Explorations (TSE) and President T.H. Polisuk to pay almost $1.5 million plus interest to Union Miniere. The action, commenced i…
LATIN AMERICA ROUNDUP — Hillsborough drilling Mexican
Drilling is under way on Hillsborough Resources’ (TSE) El Oro property, 115 km northwest of Mexico City. The first hole, 93-01, averaged 4.24 grams gold per tonne and 43.4 grams silver over 9.3 metres…
LATIN AMERICA ROUNDUP — Vengold ties up Unin concession
In return for 25,000 common shares, Venezuelan Goldfields (VSE) will acquire the remaining 18% of a Venezuelan company which owns the Unin concession in the Kilometre 88 district. Vengold will then ow…
NEWS IN BRIEF (April 12, 1993)
Inca Gold Inc. (IGL:VSE) has changed its name to Air Pro Industries Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Pacific Corporate Trust.
STOCK MARKETS — Curragh seeks protection of courts, shares
No longer able to service its substantial debts, Curragh took shelter from its creditors during the week ended April 6. The zinc miner’s filing for court protection may signal the death of a company t…
STOCK MARKETS — Diamond exploration ventures fuel
The long odds of finding a potentially economic diamondiferous kimberlite pipe don’t appear to be daunting the growing number of junior companies now looking for such targets in North America. Western…