Alberta Stock Exchange — Two new listings

Even as the gold price dropped to a 6-year low of US$340 per oz. during the week ended March 17, the exchange welcomed two new mine listings.

Western Troy Capital Resources, which used to trade on the Canadian Dealing Network, was posted for trading on March 12.

Troy says its activities are currently directed toward gold and other precious metal exploration at its Menary Twp. property near Kenora, Ont. It closed unchanged at 75 cents.

After completing a $200,000 initial public offering, Tan Range Exploration was listed on St. Patrick’s Day. The company plans to acquire one or more gold properties in Tanzania. Included among its officers are two ex-Granges managers. Tan Range opened at 10 cents.

This week’s most active trader, Naxos Resources, shot up 37 cents to close at $1.20. The company says the recent trading activity is probably a delayed reaction to a drilling announcement made earlier this month. Naxos is planning a 500-hole program on its Franklin Lake gold-silver property in California. Metallurgical tests are also under way. Investors failed to react to news that the Ivory Coast government has agreed to pay Eden Roc Mineral $1.9 million to increase its interest in Eden’s Ivorian subsidiary from 10% to 32%. Eden Roc, which recently completed its second gold pour, has received an initial payment of $900,000. Eden Roc recorded no trades during the week while its major shareholder, Marshall Minerals, closed unchanged at $1.75.