NEWS IN BRIEF (July 19, 1993)
Greenstar Resources (GNS:VSE) has changed its name to Greenstar Telecommunication. There is no consolidation of capital. The transfer agent is Montreal Trust.
News
GOLD FUNDS (July 19, 1993)
BGR Central Net Value $14.09 $6.42 Price $13.50 $7.125 Discount 4.2% 11.0% Value $70,934,000 $128,957,513…
Cobalt clean-up
The Ontario government is providing funds to help complete rehabilitation work on silver mine workings in Cobalt, Ont., where cave-ins have created hazards. The funds, provided by the Ministry of Nort…
Azco financing
Vancouver-listed Azco Mining has completed a private placement of 3.2 million special warrants at $2.25 each. Each warrant can be exchanged for a common share at no additional cost. Proceeds will be u…
PEOPLE — BRITISH LION MINES (July 19, 1993)
Rene Carrier and Brian Doutaz appointed directors.
Saskatchewan gold mine — Cameco to test Contact Lake
Following the recent rise in the gold price and a revised feasibility study, Cameco (TSE) proposes to develop an underground test mine at the Contact Lake gold deposit in Saskatchewan. The deposit, 45…
Agnico raises US$44 million
Gold miner Agnico-Eagle Mines (TSE) expects to raise US$43.9 million through a public offering of 4.25 million common shares at US$11 per share. The offering is being made in the U.S., Canada and Euro…
Repadre warrants
Midland Walwyn Capital and Canaccord Capital will acquire six million special warrants of Repadre Capital (VSE) at $3 per warrant, to raise a total of $18 million. The underwriters have the option to …
Inco options Wilanour’s Red Lake play
Nickel giant Inco (TSE) can earn a 50% interest in four of Wilanour Resources’ (TSE) properties near Red Lake, Ont. Three of the properties — Wolf Bay, Slate Bay and Trout Bay — are base metal plays…
NEWS ROUNDUP — Thunderwood, First Cdn. in Ungava
Alberta-listed Tusk Resources has optioned its nickel-platinum prospect, in the Ungava region of northern Quebec, to Thunderwood Resources (TSE) and First Canadian Gold (CDN). Tusk will receive a cash…
NEWS ROUNDUP — Orco raises Donalda funding
Proceeds from a $1-million placement with private investors are financing a 20,000-tonne bulk sample at the Donalda gold project at Rouyn-Noranda, Que., Orco Resources (ME) reports. Bulk-sampling bega…
NEWS ROUNDUP — International Prism in Yukon
With the Yukon purportedly “open for business,” International Prism Explorations (VSE) intends to acquire a 48-claim block at Dolores Creek. To do so, according to a signed letter of intent, it must s…