MVP buying shares in NovaGold Res.
Recently subscribing for $500,000 worth of common shares of NovaGold Resources (TSE) was MVP Capital (TSE), a resource sector investment company based in Toronto. Purchase of the shares is subject to …
News
Editorial One of those Years
It’s been one of those years. Two steps forward and one step back. Nothing’s come easily. It’s been tough. With 1987 ending on a sour enough note, 1988 started as a struggle to claw back from the Oc…
letters to the Editor Nfld government takes step to boost
The news that the Newfoundland government has taken steps to boost exploration in that province is indeed welcome (N.M., Sept 19/88). As part of the provincial government’s program, financial incentiv…
Aur takes calculated gamble on Brazilian diamond deposit
Just weeks away from becoming a Canadian gold producer, Aur Resources (TSE) is taking a calculated gamble on a Brazilian diamond property which it hasn’t seen yet. The Toronto company has signed a let…
Aur to hang onto its cash despite $8 million gold loan
In a bid to keep its healthy balance sheet intact, Toronto-based Aur Resources (TSE) has made arrangements with The Chase Manhattan Bank of Canada for an $8 million gold loan. The company is attemptin…
Editorial Lost in the shuffle
Creating a federal ministry for housing is widely seen as a sop to Toronto’s voters, a gesture with little substance. Intended to show concern for city issues, many regard it as little more than a plo…
News in Brief (September 26, 1988)
An agreement for flow-through share financing has been reached between NIM Resources and International Prism Exploration (VSE), whereby NIM will purchase 980,000 shares of International Prism at 65 ce…
INSIDER TRADES (September 26, 1988)
Breakwater Res — R. A. Bruce McDonald sold (private) 144,217 to hold nil. B-Mac sold 565,426 (private) to hold nil. Noramco Cap sold (private) 1,890,357 to hold 55,514. Denison — P. Kostiuk sold 10,…
Franco takes for sale sign off Goldstrike royalty bet
Toronto-based Franco-Nevada Mining (TSE) has taken the For Sale sign off its Goldstrike royalty asset. Priced at $180 million, Franco- Nevad a’s 4% net smelter return and 5% net profit royalty in …
Minorco offers $6.6 billion for Consolidated Goldfields
Luxembourg-based Minorco has commenced what promises to be a titanic bidding war by announcing a $6.6 billion(US) offer for all the outstanding shares of Consolidated Goldfields of London. Minorco alr…
Indian band halts Eldor’s drilling
An Indian band in northwestern Ontario recently put a halt, temporarily at least, to drilling by operator Eldor Resources on property at Windigo River. According to Staff Sgt. Reg Weeks of the OPP det…
Letters to the Editor NovaGold’s fatal flaw
Leaving aside the negative impact of the Western Mining-Seabright Resources dispute, the dragged-out uncertainly over flow- through and the general skepticism over Nova Scotia gold prospects, the Nova…