St. Genevieve agrees to adopt poison pill
Directors at St. Genevieve Resources (TSE) have agreed to adopt a shareholder protection rights plan. St. Genevieve says the overall objective of the plan is to discourage “unfair” takeover tactics an…
News
Goldbelt to be an active player in Galore Creek (June 18, 1990)
Because of an equity stake in Pass Lake Resources (VSE) along with a healthy direct land position, Goldbelt Mines (VSE) will be an active player in the Galore Creek area. Galore Creek is part of the a…
Westmin secures deal with Tenajon
A formal agreement for the development of the SB gold-silver property near Stewart, B.C., was recently announced by Westmin Mines (TSE) and Tenajon Resources (VSE). Under its terms, Westmin can earn a…
Storimin leaves Moss Lake in `good hands’
Recent results indicate that the Moss Lake project, 70 miles west of Thunder Bay, Ont., has the potential to become a large-tonnage, low- grade open pit gold-copper-silver operation. The project was o…
“Golden Triangle Fund” to raise $4 million (June 18, 1990)
Ten junior companies active in northwestern British Columbia have joined forces to raise about $4 million through the “Golden Triangle Fund” for their 1990 exploration activities. As the name suggests…
GOLDFUNDS2 (June 18, 1990)
MVP BGR Central Capital Net value $10.58 $5.60 $0.35 Price $9.375 $5.750 $0.21 Discount %11.39% %2.7% 40.0% Value $62,989,575.25 $96,739,725 N/A…
People PRIORITY VENTURES
Russell Chambers appointed president and director; H.D. Simpson, Blaine Ritchie and Gordon Swift appointed directors, Terry Dobroshinsky, corportate secretary.
Creditor deal cuts Coxheath debt by 70%
Some of Coxheath Gold’s (TSE) creditors have agreed to convert Coxheath’s debt into shares of the company. At 17 cents per share, the conversion will be worth $1.99 million, reducing Coxheath’s unsecu…
Global gold output to increase but at slower rate: Gold Fields
The fall in the price of gold this year after a promising start is cause for concern in the industry but it has not left Gold Fields Minerals Services of London completely pessimistic. “The plunge bel…
INSIDE No Murray Pezim
Promoters play a key role in getting junior mining ventures off the ground, but not all promoters come from the same mold as Vancouver’s flamboyant Murray Pezim. John Ternowesky, a Thunder Bay grain h…
Struggling to survive the flow-through `hangover’ (June 18, 1990)
The boom years over, junior mining companies must now try to survive through the lean years, when private investors tend to play a much larger role in their continued health. No longer able to count o…
Nevada gold output sets record in 1989
Gold production in Nevada reached record levels in 1989, jumping 36% from the previous year. Total production from Nevada mines surpassed five million ounces said the Nevada commission on economic dev…