Princeton arranges debenture financing
A private placement of $12 million in convertible debentures was recently completed by Princeton Mining (TSE) through Deacon Barclays de Zoete Wedd. The debentures pay 10% and are convertible into com…
News
Glamis debenture for working capital
Vancouver-based Glamis Gold (TSE) has entered into an agreement with Toronto investment firm Loewen, Ondaatje, McCutcheon & Co. relating to US$8-million worth of convertible debentures. Under the agre…
LETTERS TO THE EDITOR Walli nomination receives support
Regarding the article “Haileybury teacher should be recognized” (T.N.M., Apr. 22/91), I fully support Russell Thompkins’ nomination of Ozzie Walli to the Canadian Mining Hall of Fame. I met Ozzie shor…
Hemlo reports lower earnings
While it reported a slight decrease in first-quarter profits recently, Hemlo Gold (TSE) continues to discuss the possibility of purchasing the gold assets of affiliate Noranda (TSE). If Hemlo was to …
Kingswood bullish on Mattagami bet
Kingswood Exploration (TSE) President Wayne O’Connor is encouraged by results from an 8-hole program on the company’s La Gouchetiere Twp. claims west of Matagami, Que. The Toronto-based company has b…
Metall outlines one million tonnes at high-grade Dikili gold
Exploration on the Dikili gold prospect in western Turkey has outlined a high-grade, shallow reserve of over one million tonnes. Eurogold, a joint venture between ACM Gold of Australia and Toronto-bas…
NovaGold to buy Mt. Pleasant bet
A letter of intent has been signed by NovaGold Resources (TSE) with Billiton Metals Canada and LAC Minerals (TSE) which will permit NovaGold to purchase the Mount Pleasant tin-molybdenum-tungsten prop…
Goldbelt to consolidate
With a view of making its shares more attractive to potential investors, Goldbelt Mines (VSE) is proposing a 1-for-2 consolidation of its share capital. The company has 16,748,024 shares outstanding …
Adonos placement
Adonos Resources (VSE), an affiliate of Balck Cliff Mines (TSE), reported arranging a private placement involving a minimum of 800,000 units and a maximum of one million units at $1.25 per unit.
U.S. REPORT Amax Gold output down
A drop in production due to adverse climatic conditions at the Sleeper gold mine in Nevada resulted in lower output and earnings for Amax Gold (TSE). The Colorado company reported first quarter net e…
Thai coal mine study scheduled
A $1-million environmental assessment study is to be undertaken in Thailand by Monenco Consultants in connection with the proposed development of a surface coal mine and power plant. The project will …
METAL PRICES FREE MARKET (May 06, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 30 April 29 April 26 April 25 April 24 Copper 1449-1451 1483-148…