X-Cal signs deal
Toronto-listed X-Cal Resources and New York-listed Amax Gold have signed an “area agreement,” aimed at combining their adjacent properties in northern Nevada.The combined land package stands at 10,000…
News
STOCK MARKETS — Markets swoon over Swan, golds lose ground
The Toronto Stock Exchange saw an active trading period, including a wild trading day and a record level for the TSE 300 composite index, during the period ended April 16. The index closed up at 5,085…
Pursuit, W. America explore in PNG
Western America Resources (ASE) has placed shares privately with International Pursuit (TSE) in order to raise funds for exploration of a gold-copper property in Papua New Guinea.Western America has a…
Gitennes options properties in Cajamarca-Huamachuco region
A large group of mineral properties in Peru has caught the attention of Gitennes Exploration (ASE).The junior holds an option to acquire ground in the Cajamarca-Huamachuco region, where several major …
CIM meeting attracts foreigners
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) will hold its annual meeting and trade show from April 28 to May 2 in Edmonton, Alta.Attendance is expected to approach 3,000, with some …
B.C. and Australia strike regulatory agreement
The British Columbia Securities Commission (BCSC) and the Australian Securities Commission (ASC) have signed a memorandum of understanding, providing for regulatory co-operation between them.The agree…
Ashton Mining pulls out of James Bay camp
After exploring the James Bay diamond region of northern Ontario for more than three years, Ashton Mining of Canada (TSE) has decided to sell its stake in the area to KWG Resources (TSE) for $1 millio…
CIM luncheon to review new Red Dog find
The Vancouver branch of the Canadian Institute of Mining, Metallurgy & Petroleum will present a talk by George Cole, Cominco’s vice-president of exploration, on the discovery of a new zinc deposit at …
SouthernEra to raise $14.5m
Toronto-based SouthernEra Resources (TSE) has arranged a private placement of $14.5 million to finance evaluation of the SUF-1 diamond project in South Africa.Under the placement, which is subject to …
TSE INDICES (April 22, 1996)
1996Apr 16 Apr 15Apr 12Apr 11Apr 10HighLowComposite”300″5085.365059.035021.915027.695023.575087.453983.34Metals&Minerals5548.645497.665470.775423.955401.685548.643273.56Integrated M…
FINANCING (April 22, 1996)
Eastmain Resources — 4,050,000 Common Shs and 2,025,000 Common Sh Purchase Wts issuable upon the exercise of Special Wts previously issued.
Farallon to issue special warrants
Farallon Resources (VSE) has entered into a letter of agreement with underwriters to issue between 2.5 million and 3.2 million special warrants, at a price of $6.25 each, for proceeds of up to $20 mil…