New Chutine board
Following the completion of a $1.2-million financing, Chutine Resources (VSE) has gone through a major board change. New directors include Peter Holmes, as chairman and chief executive officer, C.H. F…
News
Kingswood drilling Matheson gold bet
Economic gold mineralization has been encountered in a shallow drill hole at Kingswood Explorations’ (ASE) Devon property east of Matheson, Ont. The Devon claims, in Beatty Twp., are contiguous to the…
Board, business changes at Acadia
Shareholders of Acadia Mineral Ventures (TSE) have elected a new board of directors. Fewer than 19% of the eligible shares were voted. Recently elected at the company’s annual meeting at the National …
CopperQuest funding
CopperQuest (COATS) has raised $300,000 after completing a public offering of 1.5 million shares at 21 cents per share. The funds will be used to finance exploration on the company’s Knife Lake copper…
Breakwater to drill Lenora gold claims for base metals
Vancouver-based Breakwater Resources (TSE) has optioned Greater Lenora Resources’ (TSE) Orvilliers and Puisseaux twps. property in Casa Berardi, Que. Low-grade gold values over narrow widths have alre…
Bronfman’s Claridge wing ups Greenstone interest
The Montreal Bronfman group appears to have offered Greenstone Resources (TSE) a vote of confidence by increasing its stake in the Toronto-based exploration company to 28.3%. A recent issue of the Ont…
Minnova in red after Donalda writeoff
A net loss for 1989 of $6.9 million (48 cents per share) was reported by Minnova (TSE), compared with a net gain of $921,000 (7 cents per share) for the previous year. The company recorded a net loss …
Minnova ups stake
Minnova (TSE) has acquired another one million shares of Laramide Resources (VSE) which increases Minnova’s stake in the company to 37.2%. The shares were issued to Minnova after the company spent $1 …
Cooler base metal climate reflected in Inco results
The boom in base metal prices which appears to have fizzled out for the time being was reflected in the annual earnings reported recently by Toronto-based Inco (TSE). Inco’s earnings for the year ende…
Stainless steel a real nickel success
Helping to prop up the price of nickel in 1988 and 1989 was the global demand for stainless steel, a material whose origins can be traced back more than 75 years. Nickel-containing stainless was repor…
News in Brief (February 12, 1990)
Regional Resources (TSE) has changed its transfer agent to Montreal Trust Co.
Metal Prices (February 12, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) DateFeb 6Feb 5Feb 2Feb 1Jan 31 Copper1326-13271329-13311364-13651326-13281304…