Inel, Gulf Int’l plan amalgamation
The board of Inel Resources (VSE) has agreed in principle to an amalgamation with associated company, Gulf International Minerals (VSE). A management committee was formed to negotiate the terms of the…
News
Gold funds as of Nov 28
MVP BGR Central Capital Net value$12.40 $6.54 $0.53 Price$11.50 $6.62 $0.39 Discount 7.26% 1.3% 26.5% Value$73,840,638 $110,148,302 N/A…
FINANCING (December 04, 1989)
ONTARIO Jonpol Expls — 400,000 offered @ $3.25 per unit to net $1,202,500. VANCOUVER Mondana Ventures — gross proceeds rec $234,00. Major General Res — 500,000 offered @ $1.50 per unit. PMA Res — …
Faraday, Jascan
Faraday Resources (TSE) has increased its interest in Jascan Resources (TSE) to 48.8%. The company purchased another 1.3 million shares of Jascan privately. Jascan holds a portfolio of mineral propert…
Dayton, Chevron drill
Dayton Developments Corp. (VSE) has started drilling on its Andacollo gold project in Chile. Held under option from Chevron Resources, the Andacollo deposit is being tested by a 50,000-ft drill progra…
Strike options gold properties
An option agreement has been signed between Strike Minerals (COATS) and a private Ontario company involving two gold properties in the Shining Tree area north of Sudbury, Ont. Strike has agreed to pur…
Editorial Avoiding litigation
Heard of any good lawsuits lately? Chances are you have if you’ve been following any mining stocks. It seems as though there is a new legal action every day, frequently over joint ventures that have…
Alberta Stock Exchange Naxos emerges
A previously unheard of issue called Naxos Resources emerged with the largest gain for the week ended Nov 28, during which trading could otherwise be described as lacklustre. Trading on a healthy volu…
Ateba has money to reopen mine
After raising $925,000 from debt and equity financings, Ateba Mines (TSE) says it is in a position to reopen the mill and resume production at its Beardmore gold mine in northwestern Ontario. The equi…
Letters to the Editor Criticism of flow-through unjust to mineral
I was surprised to read your editorial criticizing flow-through share financing, and take exception to much of the editorial’s content and rhetoric “Time to bury the flow-through myth,” (N.M., Nov 27/…
QME trying to raise flow-through funds
Partnership funds may have peaked in 1987 and 1988, but a Montreal-based fund thinks there is still significant business to be had in the junior mining sector, especially in Quebec. The QME (1989) Min…
Montreal Exchange Quiet trading pattern
Investors appeared to take a break to plan their strategy, and possibly take some profits, for the week ended Nov 28. Both the general market portfolio index and the mining and minerals index closed d…