Garden Lake to issue shares
A placement of 600,000 units at 23 cents each has been announced by Garden Lake Resources (VSE). Each unit consists of one common share and one-half warrant. Redemption of one warrant plus 30 cents on…
News
Mt. Grant completes private placement
Mt. Grant Mines (VSE) reports the successful completion of a private placement of 500,000 units grossing $750,000. Brokerage house Yorkton Securities was paid a 7% commission consisting of 35,000 unit…
LETTERS TO THE EDITOR — Defending `penny dreadfuls’
M.R. Brown’s recent column “Warding off `penny dreadfuls,'” (T.N.M., Sept. 14/92) contains many unfounded comments which we find disturbing. It is most difficult to understand how The Northern Miner, …
OBITUARY: Arthur White financed juniors
Popular mining promoter, financier and executive Arthur W. White, who coined the risk capital phrase and raised many millions of dollars which he spent judiciously, died after a lengthy illness. He wa…
PEOPLE — CONS. RAMROD GOLD (October 05, 1992)
David Jackson appointed vice-president, corporate finance.
PEOPLE — WESTAR GROUP (October 05, 1992)
Larry Bell will act as interim chairman.
STOCK MARKETS — Commonwealth issue gains on northern
Diamond exploration continues to generate investor interest on western markets. During the week ended Sept. 29, the Vancouver Stock Exchange resource index managed a 13.23-point gain to 572.30, while …
NEWS ROUNDUP — Rea sells QR gold deposit to CMP
Subject to regulatory approval, Rea Gold (TSE) has agreed to sell its QR gold property near Quesnel, B.C., to CMP Resources (ME) for $450,000 plus 2.5 million shares of the company currently held by C…
Spot prices at a glance (October 05, 1992)
Week’s Price (US) Change Gold* $349.00 + $0.10 Silver* $ 3.77 – $0.07 Platinum* $367.50 + $3.25 Nickel** $ 3.03 – $0.06 Lead** $ 0.27 $0.00 Copper $ 1.06 – $0.02 Zinc $ 0.58 – $0.03 Courtesy of Scotia…
Hecla gets permits for Grouse Creek
Federal and state environmental permits for development and production at Grouse Creek were recently received by owner Hecla Mining (NYSE). Permitting for the operation, in south-central Idaho, was de…
SEG, KWG continue Granada work
Joint venture partners SEG Exploration (ME) and KWG Resources (ME) are proceeding with the collection of a bulk sample from their Granada gold property near Val d’Or, Que. The 20,000-ton sample will b…
METAL PRICES — FREE MARKET (October 05, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 29 Sept. 28 Sept. 25 Sept. 24 Sept. 23 Copper 1318-1320 1367-1368 1393-1394 13…