GOLD FUNDS (January 10, 1994)
Gold Funds as of Jan. 5 BGR Central Net Value $16.09 $6.58 Price $14.63 $6.875 Premium 4.5% Discount 9.11% Value $90,134,000 $124,432,688…
Articles by Northern Miner Staff
TSE INDICES Week —
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FINANCING (January 10, 1994)
Bema Gold 6.4 million units issuable upon conversion of 2.4 million first special wts and 4 million second special wts, each unit consisting of one common sh and one sh purchase wt, and 100,000 common…
Planned transfer of interests fails
A proposed transfer of the Magino and Magnicon mining properties to a newly formed joint exploration company will not proceed. The proposed transaction involved Flanagan McAdam Resources (TSE), McNell…
Int’l Homestead hits gold and zinc in Kirkland Lake-Larder
International Homestead Resources (VSE) is one of many companies with projects under way in the Kirkland Lake-Larder Lake camp of northeastern Ontario. Drilling to test a 6-channel, airborne electroma…
STOCK MARKETS — Golds add oomph to New Year
Now that’s the way to kick off trading on the first day of a new year. The Toronto Stock Exchange 300 Composite Index, fueled largely by the gold sector, climbed 47.11 points on Jan. 4 to close our re…
METALS COMMENTARY — Interesting year ahead for metals
Along with everyone else, Canadian metal producers finished 1993 with a sigh of relief, and hope for a better year ahead. Last year, amidst the most severe recession in decades, Canadian miners were i…
STOCK MARKETS — Gold bugs aglow as indexes post gains
Gold bullion continues its ascent as we begin a new year, finishing the period ended Jan. 4 at the US$394.10-per-oz. level for a gain of about US$8.35 per oz. Strength in the yellow metal helped the V…
Valdez acquires more Mexican claims (January 10, 1994)
Minera Valdez Gold S.A. de C.V., a wholly owned subsidiary of Valdez Gold (ASE), has staked additional ground in Sonora state, Mexico. The 177-sq.-mile property, known as Marisa, adjoins the company’s…
Richmont closes private placement
Gold producer Richmont Mines (ME) has closed a private placement of 2.5 million special warrants at $4 each. Each special warrant entitles the holder to buy one Richmont share at no additional conside…
Thunderwood options Buchans
Thunderwood Resources (TSE) has optioned a property adjoining the past-producing Buchans base metal mine in west-central Newfoundland. The 279-claim property comprises 11,030 acres and covers the know…
Private placement for Shore Gold Fund
Saskatoon, Sask.-based Shore Gold Fund (ASE) has completed a private placement of 1.4 million shares at 25 cents each and issued an additional 483,549 shares at the same price. Proceeds will be used t…