Control of Vital Pac to Davidson Tisdale
Davidson Tisdale Mines has acquired 3.9 million shares of Vital Pacific Resources at a price of 37 cents per share. Of the $1.45 million raised by Vital Pacific, $1.2 million will be used by the comp…
News
Toronto Stock Exchange Metals the bright spot in a languishing
Wednesday close, Oct 15 The market spent the holiday week languishing in the doldrums and the story was no different today. The widely-followed composite 300 was down 0.80 pts to close at 3,017.39. …
Drilling starts on Santa Maria’s Pickle Lake bet
Having recently completed a private placement of flow-through shares providing the company with $460,000 for exploration purposes, Santa Mar ia Resources has contracted for an initial 5,000 ft drill p…
Montreal Exchange: Louvem leaps to $1.85
Wednesday close, Oct 15 Val d’Or mining company Louvem got a hefty shot in arm this week when a Swiss-based newsletter referred to it as the cheapest of all Canadian gold producers. The European pub…
Nova Beaucage gets $1.1 million financing
A $1.1-million financing has been completed by Nova Beaucage Mines. The cash will be used to fund an expanded underground program on the company’s 35%- owned Elder mine project near Rouyn, Que. The pr…
Rafael Resurces has changed its name to Biologix (B.C.) Ltd. on a
share-for-share basis.
Average yields
The average stock yield on 111 dividend-paying stocks on the Toronto Stock Exchange as compiled by Moss, Lawson and Co. on prices of Oct 6 is up 0.03% at 3.83% from the previous week. The current yiel…
$8 by next spring?: Silver still the poor man’s gold
Platinum and gold may have been the best performers among precious metals in the current bull market, but the one to watch over the next six months is silver. The reason, says Thomas Mohide, is the po…
Mine construction is on schedule for Sonora Gold Corp.
An estimated 6,000-ton-per- day gold mine in Jamestown, Calif., is expected to be complete by year-end, 70%-owner Sonora Gold Corp. says. More than 500 workers were on site at presstime. Work is nearl…
Greenstone buys property package in Chibougamau
Greenstone Resources has agreed to acquire a package of several minin g properties covering 67,870 acres in the Chibougamau area of northwestern Quebec from Camchib Mines, a wholly-owned subsidiary of…
News in brief (October 20, 1986)
Trident Resources has changed its name to Universal Trident Industries on the basis of 1 new for 5 old shares.
Alberta Stock Exchange: Golds trade lower
Wednesday close, Oct 15 Lower gold prices were behind the sideways trading activity on the Alb erta Stock Exchange this week. Volumes were an uninspiring 4.4 million shares. Several mining issues mad…