Platinova reports discovery
Toronto-based Platinova (PAS-T) has discovered what it calls an extensive zone of zinc-lead-silver mineralization on the Washington Land property in northwestern Greenland.Surface grab samples have re…
Articles by Northern Miner Staff
Index (July 27, 1998)
CareersClassifiedDiamondsDrillersEditorialGuest ColumnInsider TradingInvestment CommentaryLetters to the EditorMetal PricesMining Markets andInvestment NewsOdds ‘n’ SodsProfessional DirectoryQueryStoc…
Lawsuits, hearings focus on disclosure, corporate conduct — Regulators and shareholders train sights on Crystallex, Naxos, Cartaway and First Marathon
As if to signal the end of the 1990s bull market for resource stocks, irate shareholders and vigilant securities regulators have taken aim at a powerful brokerage firm and several junior companies tha…
AMF eyes merger with Nord
Dallas-based America Mineral Fields (AMZ-T) has entered discussions to merge with Nord Resources (NRD-N). Both companies have interests in Africa.AMF is engaged in several joint ventures with large mi…
Cimarron amends placement
Cimarron Minerals (CIU-V) has amended and re-priced a previously announced brokered private placement. The financing now consists of 1.4 million special warrants at 25cents each, for gross proceeds of…
MINING MARKETS AND INVESTMENT NEWS — Nelson Gold repays loan
Proceeds from a recent rights offering by Nelson Gold (NLG-T) are being used to repay a loan.The purchase of four rights entitled holders to buy one share at 27cents.The offering resulted in the issua…
Zen kills Zijinshan joint venture in China
Following a year of due diligence and about $1 million worth of expenditures, Zen International Resources (ZQP-V) is walking away from what was once its centrepiece in southeastern China.The company h…
Kit expands gold resource at George Lake property
An independent resource calculation has expanded the size of the George Lake gold deposit of Kit Resources (KIT-T).Situated near Bathurst Inlet, N.W.T., the deposit is now estimated to host 6.5 millio…
Etruscan extends bid for shares of Channel
Ross Fitzpatrick, chairman of Channel Resources (CHU-T), is continuing to urge shareholders to reject an “opportunistic” takeover bid by rival West African explorer Etruscan Resources (EET-T). But hav…
Deal for Inco Alloys near
Inco’s sale of its alloys division to a U.S. manufacturer could net the nickel miner US$408 million.Plans to sell Inco Alloys International to New Hartford, N.Y.-based Special Metals hinge on regulato…
Bolivar funds Venezuelan work program
Toronto-based Bolivar Goldfields (BVG-T) has completed a US$20-million financing with Barclays Bank and Standard Bank London.The financing comprises a US$16-million senior loan and a US$4-million subo…
FACTS ‘N’ FIGURES — The money’s in the mergers
More than US$18 billion was spent on mergers and acquisitions in the mining and metals processing industries in 1997. This represents a 50% increase over 1996, when only US$12 billion was spent. In 19…