Mena raises $72M, Rusoro takes over
Vancouver — Soon after closing a $72-million brokered private placement, gold explorer Mena Resources was absorbed by project partner Rusoro Mining (RML-V, RMLFF-O) in a pre-arranged merger deal.
News
Eastmain increases resources with new James Bay property (March 19, 2007)
Somewhat fittingly, Eastmain Resources (ER-T, EANRF-O) has acquired the Eastmain Mine copper-gold-silver property in Quebec’s James Bay region from MSV Resources, a wholly owned subsidiary of Campbell…
Indonesian drilling encourages Southern Arc (March 19, 2007)
Vancouver — Scout drilling by Southern Arc Minerals (SA-V, SOACF-O) at its West Lombok property on Lombok Island, Indonesia, is indicating a number of exten-sively gold-mineralized breccia vein syste…
Daily Metal Prices (March 19, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Callinan sues HudBay
Callinan Mines (CAA-V, CCNMF-O) wants a look at HudBay Minerals’ (HBM-T, HBMFF-O) books on suspicions that the company isn’t complying with a net profits interest and royalty agreement signed in 1988 …
Mega Uranium to absorb Monster Copper (March 19, 2007)
Vancouver — In a combination of larger-than-life adjectives, Mega Uranium (MGA-T, MGAFF-O) is moving to acquire Monster Copper (MNS-V, MCPRF-O).
Editorial: New uranium, moly projects flood PDAC
The mineral exploration boom went into overdrive during the week ended March 9, the tenth trading week of 2007, with things hitting a fevered pitch at the Prospectors and Developers Association of Can…
People (March 19, 2007)
Azimut Exploration — Sylvain Guerard appointed VP of exploration.
Toronto Stock Exchange march 6-12
Better than expected results for five of the country’s six big banks revived the S&P-TSX Composite Index over the March 6-12 trading period, after its 5.2% fall from a record high on Feb. 26. The …
Producer and Dealer Prices (March 19, 2007)
Antimony: Mid-mkt US$5,410/t.
TSX Short Positions (March 19, 2007)
Short positions outstanding at Feb. 28/07 (with changes from Feb. 15).
Exchange Rates (March 19, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)