News in Brief (December 05, 1988)
City Gold Corp. has changed its name to ExtraCare Corp. (EXT:ASE) on a share-for-share basis.
News
American Reserve, Assoc. Porcupine to amalgamate
American Reserve Mining Corp. (VSE) and Associated Porcupine Mines Ltd. (TSE) have announced a merger proposal which will see American Reserve take over a 100%-interest in Associated Porcupine for abo…
Cambior gets 30% of Nova-Cogesco
Cambior Inc (TSE) has made an offer to acquire between 30% to 60% of all the shares of Nova- Cogesco Resources (ME) at $1.50 per share. Cambior, which owns about 3.8% of the company, wants to increase…
Metal Prices PRODUCER PRICES (December 05, 1988)
ALUMINUM: MW U.S. Market $1.06-$1.08 per lb. (Nov 22, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6-$6.15 per lb. (Nov 22, 1988). CADMIUM: New York deal…
Argrel option
An option to earn a 40% interest in Canadiana Gold Resources, which holds the exploration rights to two gold concessions in Ghana, Africa, has been acquired, subject to regulatory approval, by Argrel …
Geoscientific journal
Acta Geologica Sinica is a new journal devoted to publishing information about achievements in theoretical research and basic aspects of geoscience obtained by Chinese geological circles for the purpo…
Metal Prices (December 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Nov 29 Nov 28 Nov 25 Nov 24 Nov 23 Copper …
Ivanhoe makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
Little Stu;; cents cents cents rp cents cents ertu gets gppd
Partners Westmin Resources (TSE), Tanqueray Resources (VSE) and Estaurum Mines (ASE) continue to receive encouraging results from drilling on their Little Stull gold property in Manitoba. Results from…
FINANCING (December 05, 1988)
VANCOUVER GBX Res. Corp. — gross proceeds rec $210,000. Moraga Res. Ltd. — gross proceeds rec $430,000. Simon Fraser Res. Ltd. — gross proceeds rec $175,000. Stonewall Res. Inc. — 300,000 sold for…
Tarzan to acquire Glen Auden claims
Toronto-based Glen Auden Resources (TSE) has agreed to sell 152 claims at Keith Twp., Ont., to Tarzan Gold (ASE) in return for the $94,000 which the company has already spent on previous work and acqu…
McIntyre meeting
McIntyre Mines (TSE) recently said that a special shareholders meeting will be held Jan 23, 1989 to consider a statutory plan of arrangement involving McIntyre, its shareholders and Falconbridge Limit…