FINANCING (July 23, 1990)
VANCOUVER Crimsonstar Res — 1,000 offered @ 57 cents per sh. Yellow Band — 900,000 offered @ 45 cents per unit. Clifton Star — gross proceeds rec $1,645,503.50. Cons Kyle — 850,000 offered @ 40 ce…
News
United Keno board approves BLM deal
The board of directors of United Keno Hill Mines (TSE) has given the green light to a deal that will see BLM Mines, a unit of Sudbury- based Bharti Laamanen Mining, acquire Falconbridge Ltd.’s 44.8% s…
Toronto Stock Exchange Indices (July 23, 1990)
July 17 July 16 July 13 July 12 July 11 HIGH LOW Composite “300” 3613.39 3638.85 3596.38 3569.77 3544.52 4009.47 3334.13 Metals & Minerals 3359.95 3402.97 3375.64 3342.75 3293.21 3453.06 2850.84 Integ…
Opawica, Minnova will go to court over Lac Shortt mine
A legal dispute over the Lac Shortt gold mine in northwestern Quebec will soon go to trial, according to Opawica Mines (TSE). Opawica will be battling for the proceeds of a 7.5% net profit royalty fro…
Joutel raises cash through rights offer
With the recent offering of more than 35 million transferable subscription rights, shareholders of Joutel Resources (TSE) will be able to exchange their shares for rights in the company. The offer exp…
News in brief Amulet Resources Corp.
Amulet Resources Corp. (AUO:VSE) has changed its name to Golden Unicorn Mining Corp. (GU:VSE) on a 1-new-for-3-old- share basis. There has been a private placement of one million shares at 15 cents pe…
Sullivan mine is carrot in Cominco union talks
As part of a deal to end the week- long strike at Cominco’s (TSE) Trail, B.C., smelter, the company has promised to spend $11.5 million to reopen the Sullivan lead-zinc mine in Kimberley, B.C. If the …
Int. Larder-MRB
International Larder Minerals (TSE), which has been moving into the field of industrial minerals (talc and marble) in recent years, has advanced $200,000 to Bakertalc (ME), a struggling Quebec talc pr…
Vancouver Stock Exchange Pezim vows to quit exploration
The Vancouver Stock Exchange’s Composite and Resource indices continued their slide this week as gold held above the US$360 level. The Composite Index fell 20.27 points to 769.63 while the Resource In…
COATS (Over-the-counter) Black Gregor drilling
Investors reacted strongly to news that Black Gregor Explorations is planning a 20,000-ft. drill program on its Hemlo Gold property near Marathon, Ont. During the week ended July 10, 164,000 company s…
IOCC GOLD OPTIONS (July 23, 1990)
Options Open Series Volume Last Interest Nov. 370 C 162 15.00 526 Nov. 380 C 167 9.50 Nov. 390 C 70 6.50 340 Aug. 350 C 84 16.00 Aug. 360 C 70 9.00 290 Aug. 380 C 26 2.00 739 Aug. 370 C 43 5.00 596 No…
EDITIORIAL PAGE Gold’s 12-year high
The following is excerpted from The Gold Monitor, a newsletter published by M. Murenbeeld & Associates of Victoria, B.C. In constant dollar terms, gold is now cheaper than at any time since early 1978…