FINANCING (July 11, 1988)
ONTARIO Chester — final rec iss offer 600,000 @ 80 cents per sh to net $240,000. RELEASED FROM ESCROW Sharpe — 185,000 shs released. VANCOUVER Accura — 500,000 sold for gross $175,000. Goldrite –…
News
Correction (July 11, 1988)
In a recent article, The Northern Miner incorrectly related Camreco Inc.’s (TSE) accumulated deficit on March 31 to revenues reported during the first three months of 1988. In fact, Camreco reported a…
Record value in ’87 for Ont. minerals
The total value of minerals produced in Ontario in 1987 was estimated to be $5.7 billion, the highest such value recorded by the province and up 17.2% from 1986. According to Ontario Mineral Score 198…
Editorial A good basis for investment
Remember Erik Nielsen? His was a long career as the Progressive Conservative member for the Yukon, but perhaps his greatest legacy was an ambitious review of all federal funding programs, even though …
CoCa Mines sought by USMX
Explaining why its recently proposed merger with Pegasus Gold (NASDAQ) ended in failure, CoCa Mines (NASDAQ) said in a shareholder’s letter that it also held serious negotiations with USMX Inc. of Den…
Alberta Stock Exchange Suffolk bucks trend
With the price of gold hovering in the $438(US) range, Alberta investors opted to take a post-Canada Day vacation from the business of dabbling in resource stocks. As a result, volumes lagged and a nu…
Montreal Exchange Market moves ahead
A second consecutive holiday- shortened trading week seems to have been to the liking of investors on the ME, where the market portfolio and mining and minerals index recorded gains of about 18 pts an…
Aster merger
Shareholders of Aster Exploration (ME) and Eastmin Explorations have approved a merger of the two companies. Name of the new corporation is Aster Exploration. The share exchange ratio will be two East…
More drilling Chance ground
Further exploratory drilling will be carried out on the Kidd Twp. properties of Chance Mining and Exploration Co. (COATS) in the Timmins area this year, President M. Zurowski states in the annual repo…
PDAC seeks gov’t action on Toronto regional office
The Prospectors and Developers Association of Canada (PDAC) is expressing concern over the potential deterioration of services provided by the Ontario Ministry of Northern Development and Mines to the…
More gold reported on Skylark claims
Vancouver-based Skylark Resources (VSE) has encountered some more gold showings during sampling at its Finlay River project in British Columbia’s Toodoggone gold camp. The Finlay River project is part…
GOmni results from Kuhn zone show impressive gold values
A sub-level drifting program in the Kuhn zone at Omni Resources’ (VSE) Skukum Creek project 30 miles south of Whitehorse has yielded some impressive gold values. The company notes that drifting along …