Stratmin testing
A recovery rate of 98.6% of crystalline flake graphite has been achieved from tests on graphitic material taken from a wholly- owned property located near Mont Laurier, Que., Stratmin Inc. (ME) report…
Articles by Northern Miner Staff
Equity merger plan not given approval
The Supreme Court of British Columbia’s decision with respect to the vote held by the limited partners of First Exploration Fund 1987 and Company Limited partnership was announced April 29. As a resul…
Independent committee studies Dickenson-Wharf amalgamation
No new details on the proposed almalgamation of Dickenson Mines (TSE) and Wharf Resources (TSE) were revealed at the latter’s annual meeting in Toronto other than that an independent committee will in…
FUTURES PRICES (May 23, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 103.60 101.70 103.00 + 1.10 Jul 97.20 95.40 95…
FINANCING (May 23, 1988)
ONTARIO Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh. Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow Ateba — 100,000 shs released…
Belmoral, Roddy finalize deal
An agreement has been finalized between Belmoral Mines (TSE) and Roddy Resources (TSE) of Vancouver whereby the former may acquire up to a 51% equity interest in Roddy, which operates the Bighorn heap…
Metal Prices FREE MARKET (May 23, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 17 May 16 May 13 May 12 May 11 Copper 1490-1470 1470-1475 1450-1455 1380-1385 133…
Houston on ME
Vancouver-based Houston Metals was recently listed for trading on the Montreal Exchange (symbol HML). The company came into being in 1986 following the amalgamation of Bulkley Silver Resources and Cat…
Tax angles More on the new exploration incentives
On May 3, 1988, Finance Minister Michael Wilson and Minister of Energy, Mines and Resources Marcel Masse announced measures to maintain the effectiveness of flow- through share financing for explorati…
Toronto Stock Exchange Rate fears depress composite below 3,200 pts
Another selloff hammered the Toronto Stock Exchange today, clipping 44.71 pts from the composite index which closed at 3,178.49 pts. Sparked by interest rate fears and a general perception that the be…
Flow-through deal to fund Ego Wawa bet
Toronto-based Ego Resources (TSE) has entered a flow-through financing agreement with Tap-IV Resource Ltd. Partnership (TSE) to finance an extension of a recently completed 30,000-ft drill program at …
People (May 23, 1988)
Aintree Resources — Herbert Ackerman appointed president; Terry Fields director, succeeding Peter Cox who has resigned.