Horsham files notice to buy voting shares
Toronto-based Horsham (TSE) recently filed a normal course issuer bid with the Toronto and Montreal stock exchanges allowing it to purchase up to five million of the company’s subordinate voting share…
News
High Frontier moves into Bralorne camp
Early next year, High Frontier Resources (VSE) expects to begin exploring a 2,471-acre property held by Goldpac Investments (VSE) near the historic Bralorne gold mine in southern British Columbia. Hig…
Investment dealers to ask for changes in tax rules
A representative of Canada’s junior mining sector says he fully supports a recent request by the Canadian investment community for changes in the federal tax system. In a recent submission to the fede…
Silver suffers from investor apathy, weak industrial demand
Hit by a double blow of low investor appeal and weakening industrial demand, the silver price is struggling to regain momentum after plunging to 14-year lows earlier this month. Silver dipped below th…
Losses mount for Alta
Losses for Alta Gold (NASDAQ) continued for the third quarter ended Sept. 30. The company lost US$369,000 in the quarter, down from the US$1.3 million reported in the third quarter of 1989. The loss f…
Commission warns of bogus precious metal, oil and gas ventures
The Saskatchewan Securities Commission is warning the public to be wary of promoters who would capitalize on developments in the Persian Gulf by selling investments in precious metals. Although the re…
Madison seeks joint venture for gold mine
Madison Grant Resources says it is negotiataing with several potential joint venture partners interested in the company’s gold-silver mine near Virginia City, Mont. An independent geological report on…
Aurizon Mines offer
Vancouver-based Aurizon Mines (TSE) has made an offer to redeem all of the company’s 5 7/8% Swiss franc convertible bonds totalling 35 million francs ($32.5 million). For each 5,000 franc ($4,643) pri…
Toronto Stock Exchange Indices (December 31, 1990)
Dec.25 Dec.24 Dec.21 Dec.20 Dec. 19 HIGH LOW Composite “300” Holiday N/A N/A 3255.43 3253.74 4009.47 3009.91 Metals & Minerals Holiday N/A N/A 2769.88 2784.22 3453.06 2502.63 Integrated Mines Holiday …
VSM, Serem are happy with Orphee zinc zone results
Partners VSM Exploration (TSE) and Serem Quebec say drilling on claims optioned recently from Orphee Resources indicates that copper grades in a new zinc zone increase significantly at depth. VSM and …
McFinley, contractor settle dispute over Bateman project
Toronto-based McFinley Red Lake Mines (TSE) has removed a major legal impediment to any future development of the company’s Bateman Twp. gold project near Red Lake, Ont. McFinley President William Cum…
NEWS IN BRIEF Consolidated Gold Hawk
Consolidated Gold Hawk (ASE) has signed a share purchase agreement with CGH (1990) Mineral Exploration Partnership for $600,000 worth of Gold Hawk shares priced at 42 cents per share. Each share is ac…