PEOPLE — PINEWOOD RESOURCES
J. Alexander and David Robinson appointed directors.
News
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…
TSE INDICES Week —
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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…
Correction (January 10, 1994)
The 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program are not additional to the 45 million tons contained in the Crofoot-Lewis mine in Nevada, as stated in o…
Equinox, Hecla merger progresses
Equinox Resources (TSE) and Hecla Mining (NYSE) have agreed to amalgamate on the basis 0.3 Hecla shares for each share of Equinox tendered. Goepel Shields & Partners, Equinox’s financial advisers, fou…
Montrose option
Junior Montrose Gold Resources (CDN) has ended its option agreement with Falcon Point Resources (ASE). The agreement covered the Montrose Twp. gold property in northeastern Ontario. Montrose decided n…
PEOPLE — MERLIN RESOURCES
Antal Markus appointed president and director.
Kensington funding
A private placement of 4.5 million special warrants will net Kensington Resources (VSE) about $3.1 million. The company will use the proceeds to explore its diamond prospects in Saskatchewan. Each spe…
NEWS ROUNDUP — Ecudor arranges private placement
A private placement will allow Societe Miniere Ecudor (ME) to increase to 35% its stake in the Dona Lake gold mine in northwestern Ontario. The $1-million debenture placement, which has yet to be appr…
NEWS ROUNDUP — Inco reviewing Schell Ranch
Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994. The property is in Calaveras Cty.,…
Startigan plans work on Ecuadoran play
By acquiring all outstanding shares of Ecuadorian resource company Square Valley, Startigan (ASE) has assumed ownership of two gold projects in the foothills of the Andes. The Gaby property, 85 miles …