NEWS IN BRIEF Millstream placement
Millstream Mines (COATS) has completed a private placement of 909,198 common shares at 20 cents per share. The company says proceeds of $181,839 will be used to pay off outstanding debts.
News
Corona sells interest in Wharf Resources
New Venture Equities and Corona Minerals, both units of Corona (TSE), say they have sold 1.32 million shares in Wharf Resources (TSE). In a filing with the U.S. Securities and Exchange Commission, the…
OBITUARY Edwin Warren
Edwin Warren, president of Assayers (Ont.) Ltd., died recently in Toronto. He was 73. Warren graduated from the University of Toronto in 1944 in chemistry and mineralogy. He worked for Alcan, both in …
Akiko-Lori proposes merger with Bradner
By merging with Bradner Resources (VSE), Akiko-Lori Gold Resources (VSE) hopes to gain control of a major interest in Gold Canyon Resources (VSE). Akiko-Lori is offering to acquire all the outstanding…
NCA plans drilling at San Lazarus
A stepout drilling program is being planned by NCA Minerals (VSE) to follow up a recently completed initial drill program on its San Lazarus property in Santa Fe Cty., N.M. The company released result…
Asarco options Col copper bet!!
A recent agreement between a unit of AsarcoKookaburra Gold…
Vancouver Stock Exchange Vancouver Market touches new low
The Vancouver Stock Exchange’s Composite Index dipped below the 500 level over the period ended Jan. 22, 1991, touching down at 499.2 for yet another record low. The Resources Index followed suit, plu…
FINANCING (January 28, 1991)
Toltec Resources Ltd — 300,000 units offered @ 95 cents per unit.
NEWS IN BRIEF Stratabound Minerals
The Caparo Group of London, England, has increased its stake in Stratabound Minerals (ASE) to 698,167 shares or about 19.4% of the latter company’s outstanding shares. Caparo, a private United Kingdom…
Toronto Stock Exchange Market volatile as war enters second week
Equity markets had a rocky ride during the week ended Jan. 22 as gold and oil prices gyrated in response to the troubling events unfolding in the Persian Gulf war. During the war’s first week, investo…
Dome recovering from bitter strike
Production levels are slowly getting back to normal at the Placer Dome (TSE) Dome gold mine here. The 82-year-old producer is bouncing back from a bitter 5-month strike by the United Steelworkers of A…
Aur Res. claims massive writedown
A writedown of capitalized exploration and development costs incurred in prior years contributed to Aur Resources (TSE) reporting a loss for its fiscal year ended Sept. 30, 1990, of $40.9 million. Rev…