News

Cameco’s public offering at $12.50 per share has met with widespread enthusiasm, said Jim Davey, a spokesman for RBC Dominion Securities, the lead underwriter. “It is well oversubscribed, both intern…

Malcolm MacGregor and Richard Conkin appointed directors.

Faced with a 48% short-term drop in the value of its shares, Glimmer Resources (VSE) is scrambling to come up with ways to increase shareholder liquidity. Trading on an anemic Vancouver market, Glimm…

Interest in Mexico’s mineral deposits has surged recently after the country announced its decision to allow 100% foreign ownership of local companies for up to 12 years. The prospect of free trade amo…

Hilton Resources Corp. (HIR:VSE) has changed its name to North Slope Minerals Inc. (NHS:VSE) with a consolidation of capital on a 1-new-for-3.5-old-share basis. The transfer agent is Montreal Trust Co…

Trading volumes struggled but the market turned positive during the holiday-shortened week ended July 2. The mining and minerals index jumped by 33.7 points and the market portfolio moved ahead by 5.8…

BGR Central Net Value $9.00 $5.24 Price $7.75 $4.750 Discount 13.89% 9.4% Value $53,599,558 $79,915,425…

Preparations for a 5,000-ft. drill program are now in progress on the Katie property, a porphyry copper-gold prospect owned by Yellowjacket Resources (VSE) near Salmo, B.C. The program is being carri…

Directors of Wilanour Resources (TSE) have elected to hire an independent consultant to determine whether the old Cochenour gold mine near Red Lake, Ont., should be brought back into production. Unhap…

Ground exploratory work is under way at the Red Lake gold property at the north end of Confederation Lake in northwestern Ontario, Starmin Mining (TSE) reported. The president of Starmin (formerly Si…

Lawrence Barr, William McConnachie and Allan Ferguson appointed directors.

Douglas Allen elected president.