Pezim buys Prime
A recent agreement provides for Murray Pezim to buy 1.9 million shares of Prime Equities International (VSE) from Prime Resources Group (VSE) and Homestake Canada. Pezim will pay $3.64 million. The ac…
News
NEWS ROUNDUP — Republic announces Cuban deal
Toronto-based junior Republic Goldfields (VSE) in association with IMI Mineral Development, a geological consulting firm, has signed a letter of intent with the Cuban government to explore and develop…
NEWS ROUNDUP — Morrison Knudsen in Soviet venture
For the first time, a joint venture has been signed between the U.S. and a republic of the former Soviet Union. Morrison Knudsen (NYSE) has signed an agreement with the state-owned mining corporation …
Larder raises cash to purchase MCK
Toronto-listed International Larder Minerals has raised $2 million through the issue of 10 million shares at 20 cents each. Proceeds will be used to acquire a 49% interest in MCK Prospectors, which, i…
Sonora to acquire rest of Jamestown
Toronto-based Sonora Gold (TSE) has reached an agreement to acquire the remaining 30% interest in the Jamestown gold mine in Sonora, Calif., from a subsidiary of French conglomerate COGEMA. The purcha…
Court hears Teddy Bear application
The Ontario Court of Justice has heard the application by Teddy Bear Valley Mines (CDN) for a plan of arrangement under the Ontario Business Corporations Act. The plan seeks to: — reinstate the 430 s…
Redfern arranges $5-million financing
Further work on the Tulsequah Chief and Big Bull properties in northwestern British Columbia is being financed through a $5-million private placement through Goepel Shields & Partners. The placement i…
ODDS ‘N’SODS — Payoff at Sheep Trail
Exploring for gold is a risky business and sometimes, as when Homestake Mining sank $700,000 into a single 10,200-ft.-long exploration hole a few years ago, the gamble pays off. Thanks to a persistent…
Geophysics chair funded by mining
Subsidiaries of mining giants Inco and Teck have joined with the Natural Sciences and Engineering Research Council of Canada (NSERC) to finance a chair in exploratory mineral drilling. The geophysics …
New board members
Three new appointments have been made to the British Columbia Mineral Tax Review Board, which hears appeals on taxes levied under the Mineral Tax Act from owners of mines in the province. The 3-year a…
DIAMOND PAGE — Diamond fund’s rolling
At least two companies have entered into share purchase agreements with the Caratax Diamond Exploration Limited Fund, a tax-sheltered investment fund that will hold a basket of Canadian diamond explor…
METAL PRICES — FREE MARKET (June 14, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 8 June 7 June 4 June 3 June 2 Copper 1198-1200 1193-1194 1255-1256 1218-1220 11…