Westar Mining restructures debt
Perhaps the mysterious trading activity on the preferred shares of Westar Mining (TSE) can be explained by the company’s recent announcement of a debt restructuring. The restructuring does not, howeve…
News
Strong trading activity by ME during 1989
The value of shares traded on the Montreal Exchange during 1989 increased by 33.8%, a better performance than the 24.5% turned in by the combined Canadian market. The exchange reports the dollar value…
Iron carbide producer
Territorial rights encompassing 15 states in the U.S. have been granted to American Iron Carbide, a wholly owned subsidiary of Millers Cove Resources (ASE), for the production of iron carbide. Holder …
Queries Lake Ontario dredging sill on the books
Your paper has printed several articles about Platinova Resources’ activity in Greenland. Last March you also noted the association of Platinova with Deni son Mines regarding a project to dredge fin…
People (January 22, 1990)
CALPINE RESOURCES — Murray Pezim, John Ivany and Lawrence Page re-elected to the board of directors and Jacob Brouwer appointed to the board of directors.
Metals Page Nickel price down but still well supported
Although the price of nickel has fallen below US$4 per lb on the London Metal Exchange, the sound of alarm bells has been faint. Few analysts, if any, foresee the base metal rallying to sustained high…
Accord with Yemen
Canada has recently signed a 5-year agreement with the Yemen Arab Republic, which provides for co-operation between the two governments in the earth sciences and mining. The agreement will also create…
Franco-Nevada board votes to adopt poison pill plan
Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…
Western Mining listed on NYSE
Australia-based resource giant Western Mining Corp. Holdings (NYSE) was listed for trading recently on the New York Stock Exchange. Ordinary shares of Western Mining are listed as American Depositary …
FINANCING (January 22, 1990)
VANCOUVER Dromedary Expl. — 800,000 sold for gross $288,000. Nortran Res. — min 600,000 offered @ 47 cents per sh. Circumpacific Egy — 1,000,000 sold for gross $500,000.
Varna busy in Maritimes as Corona starts program
Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …
Geomaque, Kingswood in property deal
Another option package has been negotiated by Kingswood Explorations (ASE) covering gold and base- metal exploration of property in Bourlamaque Twp., east of Val d’Or, Que. Geomaque Explorations (TSE)…