Virginia funding
Virginia Gold Mines (ME) says it has completed two private placements worth a total of $326,000 with Marleau Lemire Securities Inc. ($150,000) and eight officers of Virginia ($176,000). The placements…
News
Musto named in court action
A shareholder of International Musto Explorations (TSE) is alleging that the company and Adolf Lundin were party to a number of securities transactions that are alleged to have conveyed undue benefit …
Ontario to close Cobalt laboratory
Ontario’s Ministry of Northern Development and Mines will place its Temiskaming Testing Laboratory in Cobalt on a care-and-maintenance basis effective Sept. 1. Demand for the lab’s service has dropped…
Stratabound buys zinc properties
Early-stage exploration programs are being planned by Stratabound Minerals (ASE) for two newly acquired base metal properties in the Aiken Lake area of northeastern British Columbia. The company purch…
PDAC sets convention agenda
The agenda of this year’s annual convention of the Prospectors and Developers Association of Canada (PDAC), scheduled for March 28-31 in Toronto, will have an international flavor. Theme of the show a…
NEWS IN BRIEF (March 01, 1993)
Pluton Industries Ltd. (PTN:VSE) has changed its name to Clairon Environmental Technologies Inc. with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Montreal Trust….
Call for papers (March 01, 1993)
An international conference on mining in Latin America will be held in Santiago, Chile, May 10-14, 1994, by The Institution of Mining and Metallurgy (IMM), with the Instituto de Ingenieros de Minas de…
OBITUARY — Heinz Veerman
Heinz Veerman, a well-known prospector-geologist died Feb. 16, at his home in West Vancouver. He was 61. Veerman was a principal of Veerman Botel, a Vancouver-based consulting firm. Prior to that, he …
Texas to host rock mechanics symposium
The First North American Rock Mechanics Symposium (NARMS) will be held at The University of Texas at Austin in Austin, Tex., June 1-3, 1994. The meeting is jointly sponsored by The U.S. National Commi…
Aur resumes diamond hunt in N.W.T.
Toronto-based Aur Resources (TSE) and its partners plan to spend $1.5 million exploring for diamonds in the Northwest Territories this year. Under a recent agreement, Consolidated Abitibi Resources (M…
Laurasia, Kalrock plan amalgamation
Directors of Laurasia Resources (TSE) and Kalrock Resources (ASE) have approved in principle an amalgamation plan for the two companies on a share-for-share basis. The agreement is subject to sharehol…
Insider Trading — Former executive of Placer Dome exercises
When the shares of Placer Dome (TSE) were rising steadily last month, officer and director Peter Crossgrove sold a large portion of his holdings. According to the Ontario Securities Commission’s OSC B…