Private placement by Cal Graphite
A $3-million private placement involving 750,000 units (shares and warrants) at $4 per unit has been announced by Cal Graphite (VSE). Each unit will consist of one common share and a warrant to purcha…
News
Timmins Nickel completes issue
Timmins Nickel (TSE) has raised gross proceeds of $5 million after completing and closing an issue of five million special warrants. Each special warrant, priced at $1 each, entitles the holder to one…
Drilling at Sutton property returns wide intersections
A drilling program on the Marudi Mountain gold property owned by Sutton Resources (VSE) has returned a number of good intersections. The property, in southern Guyana, was acquired last year subject to…
On the Level – One-industry towns have had their day
Should government be bailing out one-industry towns that inevitably run into trouble? Ontario’s Elliot Lake is a classic example. Did its founders and fathers really think its albeit large deposits of…
Cominco Res. reports turnaround
Improved financial and operating results were reported by Cominco Resources International (TSE) for its 1991 second quarter ended June 30. During the period the company tallied a modest loss of $269,0…
Wheaton to bid for Omni Res.
Having recently purchased Mount Skukum mill southwest of Whitehorse, Yukon, Toronto-based Wheaton River Minerals (TSE) says it intends to make a takeover bid for all the outstanding shares of Omni Res…
ICA elects three new members
Recently the International Copper Association elected three member companies at its board of directors’ spring meeting in New York City. They are Escondida Limitada from Chile, Ok Tedi Mining from Pap…
Montreal Exchange (August 05, 1991)
The general market portfolio index gained more than 15 points and the mining and minerals index almost three points in mainly lacklustre trading during the week ended July 30. Daily volumes ranged bet…
Platinova, Pegasus in property deal
An agreement has been entered into by Platinova Resources (TSE) with Pegasus Gold (TSE) concerning the former’s Skaergaard gold-palladium project in east Greenland. Pegasus will carry out a conceptual…
Unlisted Trading (August 05, 1991)
Preparing for a listing on The Toronto Stock Exchange, CanQuest Resources traded heavily for the week ended July 30. On a volume of 217,500 shares, the Vancouver-based junior picked up a nickel to clo…
Ecstall starts program on Forgold polymetallic project
A field exploration program budgeted at $410,000 is under way on the Forgold claims, 25 km north of Eskay Creek in the Iskut River region of northwestern British Columbia. The 2-phase exploration effo…
People (August 05, 1991)
Terry Stanhope appointed director.