News

chairman of the board of directors. place resources — Kenneth F. S. Allen appointed president.

latter name on the basis of 1 Westsun share for 1 Telepanel share and 6.1302 Telepanel shares for each Westsun share held.

CANADIAN EXPLOSIVES DISTRIBUTORS ASSOCIATION — Roy McNeil elected president for the 1986-87 term.

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share-for-share basis but remains under a temporary cease-trading order.

$917,698, up slightly from the $909,734 deficit at the end of the compa rable period of 1985. President John Pollock reports that to date a report has not been received from Tenore Oil and Gas regardi…

company’s acquisition of the Stairs gold prospect near Matachewan, Ont. The company’s name has also been changed to Goldteck Mines.

There appears to be little doubt that Westmin Resources w ill have a viable mining operation at Stewart, B.C., when it completes this year’s work program at its British Silbak and Big Missouri gold pr…

A production feasibility study has been received by Cal Graphite Corp. for its open pit, crystalline, flake graphite deposit near Huntsv ille, Ont. A company spokesman, Richard Addison, says Cal Graph…

Investors have apparently caught the Lac des Iles bug judging by the recent market action on Madeleine Mines. This company plans to bring into production the optioned Lac des Iles platinum-palladium p…

Nexus Resource Corp. has been granted an option by Westmin Resourc es to earn a 50% interest in its Debbie property located six miles east of Port Alberni on Vancouver Island. The property, which cons…

Almaden Resources has raised $420,000 in a best efforts offering to explore three precious metals properties. The financing increases the company’s working capital to approximately $500,000, the bulk …