Midas rights
Midas Minerals (TSE) plans a rights offering, subject to regulatory approval, under which shareholders of record (in Ontario and Nova Scotia) on Nov. 5 will receive one right for each common share own…
News
Louvicourt mine capital cost set at $326.4 million
The capital cost of building a 5,000-tonnes-per-day copper-zinc mine on the Louvicourt Twp. property held 55% by Aur Resources (TSE) and 45% by Societe Miniere Louvem (TSE) will be $326.4 million, acc…
NEWS ROUNDUP (October 28, 1991)
Bachelor Lake Gold Mines (TSE) intends to sell its controlling interest in 74% owned subsidiary Western Premium Resource (VSE) for about $150,000. Bachelor said a letter of agreement has been entered …
Asbestos miner Cassiar bankrupt
Operating problems coupled with cost overruns have forced Princeton Mining (TSE) to seek court protection under the Companies’ Creditors Arrangement Act for its wholly owned subsidiary, Cassiar Mining…
No more work planned for Iskut area’s Rock & Roll project
No further work is being planned by Eurus Resource (VSE) and Thios Resources (VSE) for their joint venture Rock & Roll property in the Iskut River area of northwestern British Columbia. This year’s wo…
TSE Short Positions (October 28, 1991)
Semi-monthly reports as of October 15, showed 21,518,619 shares of 580 issues compared with 21,525,116 shares of 590 issues on September 30 Larger individual positions included: Alliance Res. 0, down …
Vancouver Stock Exchange (October 28, 1991)
The market managed to reverse its downtrend during the week ended Oct. 22, with the resource index gaining 13.49 points to finish at 510.81 and the composite index closing up 3.54 points at 556.96. Sp…
PROFILE (October 28, 1991)
Although the New Democratic Party scored a majority victory in British Columbia’s provincial election last week, Curragh Resources will continue with its plan to develop 70% owned Stronsay, a zinc-lea…
Echo Bay makes oddlot’ offer
Gold producer Echo Bay Mines (TSE) announced a program under which shareholders owning “oddlots” of the company’s stock (fewer shares than a board lot of 100 shares) may either sell their shares or pu…
INSIDER TRADING (October 28, 1991)
Warren Armstrong, president of Quebec Sturgeon River Mines (TSE), recently reduced his holding in the 21.6% owned affiliate of Toronto-based Coniagas Mines (TSE). According to the Ontario Securities C…
Study dismisses link between uranium tailings and cancer
Residents of this small community in the heart of the Kawartha Lakes tourist region received some good news recently from the Ontario Ministry of Health. An investigation by the ministry into possible…
Unlisted Trading (October 28, 1991)
Encouraging results from Fortune Minerals’ 100% owned Robin claims, 100 km northwest of Yellowknife, N.W.T., were released one day too late to affect the market for the week ended Oct. 22. Fortune say…