News

Drilling is under way on Flag Resources’ (ASE) 24,000-acre claim block covering the Wanapitei anomaly near Sudbury, Ont. The 5,000-ft. hole is designed to penetrate basement rocks underlying the Huron…

Mt. Grant Mines (VSE) reports the successful completion of a private placement of 500,000 units grossing $750,000. Brokerage house Yorkton Securities was paid a 7% commission consisting of 35,000 unit…

DCC Equities, a subsidiary of Dundee Bancorp (TSE), has sold 3,600,000 shares of Bethlehem Resources (TSE) and 2,527,382 shares of Rea Gold (TSE) to CMP Resources (ME) in exchange for 1,520,000 shares…

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A television campaign to improve mining’s image and to stress its importance has been launched by Ontario’s Department of Northern Development and Mines. It targets viewers in the Toronto and Hamilton…

Robert Munro appointed president; Ilan Hall and Robert Christie appointed directors.

David Jackson appointed vice-president, corporate finance.

Larry Bell will act as interim chairman.

Spirit Res. Ltd. – 1,400,000 units @ $1.05 per unit. Each unit consists of 1 sh and 1 wt. 2 series `A’ wts. to purchase 1 sh.

BGR Central Net Value $8.56 $5.20 Price $7.00 $4.95 Discount 18.22% 4.8% Value $50,372,000 $83,280,285…

Link Resources Inc. (LR:VSE) has changed its name to Haddington Resources Ltd. (HDD:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust.

James Kermeen appointed president; Pierre Besuchel and Don Barker appointed directors.