Sherritt completes share offering
Toronto-listed Sherritt has offered 18.5 million common shares at $11 each, on a bought-deal basis. Proceeds of $194 million will be used partly for acquisitions. The company has entered discussions w…
News
Gold Funds (March 07, 1994)
Gold Funds as of March 2 BGR Central Net Value $16.74 $6.55 Price $13.75 $7.25 Premium 10.7% Discount 17.84% Value $135.9 million $118.7 million…
Correction (March 07, 1994)
The grade of the geologically inferred reserves (T.N.M., Feb. 14/94) at the Sawyer gold project in North Carolina of Minefinders (VSE) is 0.05 oz. gold per ton.
EXPLORATION ’94 — Saskatchewan focus of uranium activity
Six major projects — Midwest, McClean Lake, Cluff Lake (Dominique-Janine), McArthur River, Cigar Lake and Eagle Point — are at various stages of development in Saskatchewan. The prairie province rem…
EXPLORATION ’94 — UN exploration teams active globally
If one were to ask people on the street what they associate with the United Nations, the answer would probably be relief work in Somalia or peace-keeping in Bosnia, rather than mineral exploration in …
PEOPLE — DENTONIA RESOURCES (March 07, 1994)
Gerald Carlson appointed director.
EXPLORATION ’94 — Busy Manitoba exploration scene
Major exploration efforts in Manitoba in 1993 remained directed at base metals, but new commodities, notably diamonds, continued to increase in importance on the exploration scene. The recent improvem…
PEOPLE — AMERICAN MINING CONGRESS (March 07, 1994)
Richard Osborne elected chairman; Allen Born elected vice-chairman; Douglas Yearley elected vice-chairman and chairman of the financial committee; David Eckert, J. Harvey, Werner Nennecker and Richard…
PEOPLE — AARON OIL (March 07, 1994)
Peter Kreutzer appointed chief executive officer and Andrew Hyslop appointed chairman and director.
BGR Precious nets $42.6 million
Toronto-listed BGR Precious Metals has raised $42.6 million. The funds are from the sale of 2.5 million units at $17.85 per unit. Each unit consists of one Class A share and a Class A share purchase w…
EXPLORATION ’94 — The lure of Africa’s offshore diamonds
The diamond deposits off the western coast of Southern Africa are luring a growing number of companies interested in exploiting them. Although De Beers continues to dominate the offshore lease areas o…
EXPLORATION ’94 — Grevet development continues
Development of the Grevet zinc project, 50 miles northeast of Lebel-sur-Quevillon, Que., by Cambior (TSE) continues. Work last year included the sinking of a shaft and drilling to confirm the reserve …