News

INSIDER TRADING — Copperquest officers sell shares

Two officers of CopperQuest (CDN) sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, President James Parres bought 16,000 shares at an undisclosed price and sold 19…


Rembrandt directors facing lawsuit

Now that Rembrandt Gold Mines (ASE) has a 100% interest in the Polaris Taku gold property in northwestern British Columbia, International Precious Metals (IPM) is proceeding with plans to sue several …


Lenora explores Yemen property

Junior Greater Lenora Resources (TSE) is being given a licence to explore an area 45 km south of San’a, Yemen. The 237-sq-km property is underlain by a Tertiary-aged felsic-volcanic caldera complex. I…


Caledonia’s Spanish subsidiary posts record profit

Filon Sur S.A., the 25%-owned Spanish gold mining subsidiary of Caledonia Mining (TSE), achieved a record net profit in the third quarter. Improved throughput and reduced operating costs enabled the h…



Chinese coins to honor Mao

A former leader of China is to be honored through the issue of gold and silver coins. A Chinese news agency reports that the coins will mark the centenary this month of the birth of Mao Tse-tung. The …


Alluvial diamonds found near Wawa

Diamond fever has gripped Wawa following the discovery of two alluvial diamonds and several indicator mineral grains in the Michipicoten River Basin. The rush was precipitated by prospector “Mickey” C…



FINANCING (December 13, 1993)

Euro-Nevada Mining — 1.1 million units consisting of sh and purchase wt @ $38 per unit. Equinox Resources — 3 million shs to be issued upon exercise of 3 million special wts. Each unit consists of o…


GOLD FUNDS (December 13, 1993)

BGR Central Net Value $14.73 $6.20 Price $13.75 $6.875 Premium 10.9% Discount 6.67% Value $82,524,000 $112,200,576…



NEWS IN BRIEF (December 13, 1993)

Kemano Resources (KRL.A:ASE) and Canadian Northcor Energy have amalgamated to form Purcell Energy (PEL:VSE). Kemano shareholders receive 0.9 new for one old share and Canadian Northcor Energy sharehol…


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