FINANCING (June 05, 1989)
VANCOUVER Commander Res — gross proceeds rec $245,000. Secret Pass Minerals — opt exerc on 100,000 @ 45 cents per sh. World Wise Res — 700,000 shs sold for gross $245,000. Moondust Ventures Inc. -…
News
People (June 05, 1989)
RISE RESOURCES — Victor G. Coulthard appointed president succeeding Richard W. Hughes who has resigned. Mr. Coulthard will fill a casual vacancy on the board of directors succeeding William Vance who…
Vancouver Stock Exchange Bargain hunters scoop up juniors
Business may be getting back to normal on the VSE after the recent windstorm of bad press by several leading U.S. business publications, but that still means low share prices and declining volumes in …
Earnings Report (June 05, 1989)
Bachelor Lake Gold Mines (TSE) reported a net loss of $975,242 or 11.9 cents per share for the period ended March 31. In the same period last year a net loss of $427,831 or 5.5 cents per share was re…
IOCC GOLD OPTIONS (June 05, 1989)
Options Open Series Volume Last Interest Aug 370 C 273 9.00 345 Aug 380 C 639 5.00 900 Aug 390 C …
Rambler Joint Venture faces critical decision
The Rambler Joint Venture will reach a critical stage next month when Teck Corp. (TSE) meets with its two junior partners to consider future participation in that Newfoundland project. The joint ventu…
LynnGold to raise $4 m through equity issue
To satisfy new capital spending requirements LynnGold Resources (TSE) will be looking to raise more than $4 million via an equity issue, shareholders learned at the company’s annual meeting. Peter Goo…
North American Rare Metals 4 cents **
North American Rare Metals (ME) reported a net loss of $52,970 or 0.4 cents per share for the 6-month period ended Feb 28. In the same period last year the company reported a net loss of $108,544 or 1…
News in Brief (June 05, 1989)
Ansco Resources (B.C.) has changed its name to Sunstate Resources Ltd. (SUT:VSE) on a 1- new-for-3-old share basis. Transfer agent is Pacific Corporate Services Ltd.
Metall completes purchase of Copper Range operation
Toronto-based Metall Mining (TSE) recently completed the acquisition for $83 million of Michigan copper producer Copper Range Co. The purchase by merger deal establishes Metall as a fully fledged oper…
Bunker Hill drilling returns good intercept
Underground drilling has encountered a probable extension to the Quill zone at the Bunker Hill zinc-lead-silver mine at Kellogg, Idaho (N.M., May 22/89). Bunker Hill Mining (VSE) re-activated the oper…
Bitech starts Betts Cove work program
An exploration crew has been mobilized by Bitech Corp. (ASE) to begin a $350,000 work program on the old Betts Cove mine property in Newfoundland. The Betts Cove property hosts one of the province’s o…