Steen is resigning from Franco Nevada
President Peter Steen of Corona Corp. (TSE) recently resigned from the board of directors of Toronto- based Franco Nevada Mining (TSE). His resignat ion reflec ts the fact that Corona has sold all of …
News
News in Brief (September 25, 1989)
West Rim Resources has changed its name to Cimtek Integrated Manufacturing Technologies Inc. (CIN:VSE) on a share-for-share basis.
GOLDFUNDS (September 25, 1989)
Gold funds as of Sept 19 MVP BGR Central Capital Net value $11.53 $ 5.86 $0.56 Price $10.125 $ 5.75 $0.30 Discount 12.19% — .9…
Troymin at Hanson Lake
Troymin Resources (ASE) and Granges Inc. (TSE) are considering exploration plans for their 11,000- acre property near Hanson Lake, Sask. The prope rty hosts tw o small sulphide lenses known as the Bal…
VSE
After last week’s market correction, trading activity on The Vancouver Stock Exchange stabilized to more modest but still respectable levels. Invest or interes t is still strong, brokers say, and it r…
editorial
It is becoming increasing clear that the federal government’s proposed Goods and Services Tax (GST) is unworkable. It is not the concept of a value-added tax that is flawed, but the way Finance Minis…
Blue Emerald, Central Crude in option deal
A 60-claim property in the Mishibishu Lake area of northern Ontario is to be optioned by Blue Emerald Resources (VSE) from Central Crude (TSE). The two companies have agreed in principle to a deal whi…
FINANCING (September 25, 1989)
Aramis Ventures — 500,000 sold for gross $225,000 Golden Pick Res — 250,000 com & 250,000 flow-through offered @ 50 cents per sh Mad River Res — 670,000 offered @ 33 cents per sh Southern Cross G…
Discovery boosts Crown Butte
Widespread speculation that a significant gold skarn deposit is shaping up on the New World project in Park Cty., Mont., has dramatical ly boosted the share price of owner/operator, Crown Butte Resour…
Phelps Dodge eyeing Canadian projects
After recently establishing a new regional office in Toronto, Phelps Dodge of Canada is gearing up to become more active in the Canadian mining scene. The company is a wholly owned subsidiary of Phelp…
McNickel sheds 25 cents COATS (over-the-counter)
A sell-off involving the shares of Toronto-based McNickel Inc. continued again this week. The McNickel issue shed 25 cents to close at $1.25 after a total of 3 1 transactions took place on a volume…
Oneida US Page Sept 19
Placer Dome (TSE) has elected to exercise its option to buy 600,000 shares ofOneida Resources (VSE) at $2.25 per share. Placer had previously purc hased 400,0 00 Oneida shares from treasury at $1.75 p…