MVP’s first-auarter loss raises shareholders’ ire
Ian McAvity, president of MVP Capital (TSE) faced a withering barrage of quesions from angry shareholders at the company’s annual meeting. Shareholders vented their anger at the meeting, demanding a…
News
Black Hawk buys Minago nickel prospect
Black Hawk Mining (TSE) has acquired the right to purchase a 75% interest in a large nickel deposit in Manitoba from Canamax Resources (TSE). Known as the Minago property, past drilling by Amax Canada…
Bank tells Chelsea to pay $2.1 m loan
Toronto-based Chelsea Resources (VSE) was recently negotiating with several mining groups in a bid to resolve its financial problems. Chelsea and its wholly-owned U.S. subsidiary Chelsea Resources (U….
Montreal Exchange Mining index advances
A week of mixed trading didn’t seem to hurt the resource stocks, with the mining and minerals index climbing more than 20 pts. The general market portfolio index, by comparison, managed a 2.9-pt gain….
Twin Gold plans more drilling on Lingman Lake property
Toronto-based Twin Gold Mines (ASE) is set to begin further exploratory drilling on its Lingman Lake property in northwestern Ontario. This spring the company extended its claims in the area after a g…
Alberta Stock Exchange Prices, volumes low
Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …
Newfoundland mining show draws a crowd
Newfoundland’s first mining and mineral exploration show successfully drew a large crowd of exhibitors and mining industry delegates here recently. The exhibition, called Mineralex 89, brought togethe…
2 potential gold mines Baie Verte’s potential growing
Across the bay from this small coastal town which relies on asbestos for much its economic base, mining companies are hoping to come up with a gold mine or two in the years ahead. Most of the area aro…
Agnico to swallow a poison pill
Agnico-Eagle Mines (TSE) will be asking shareholders at its annual meeting next month to swallow a poison pill designed to thwart unsolicited takeover bids. Formally known as a shareholder rights plan…
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. -…
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 …