Ditem seeks financing
Ditem Explorations (DIT-M) has made a private offering consisting of 500 units priced at $1,000 apiece. Each unit consists of 333 flow-through shares priced at $2.40 each; 84 common shares at $2.40 ea…
News
CORRECTION (July 13, 1998)
A June 29 article concerning the feasibility study completed at Niocan’s (NIO-M) niobium project near Montreal incorrectly stated that SNC-Lavalin owns the Met-Chem Pellemon Consortium. SNC-Lavalin ha…
Alberta Star arranges flow-through financing
Alberta Star Mining (ASC-A) has proposed a private placement of up to 1 million flow-through shares at 20 cents each.Proceeds will be used to cover exploration expenditures incurred on the Mazenod Lak…
Lytton-New Indigo merger plan grinds to halt
The proposed merger of Lytton Minerals (LTL-T) and sister company New Indigo Resources (BDR-A) has been derailed following recent disclosures of the ownership of voting shares.The merger was to have b…
Cyprus sells coal assets (July 13, 1998)
The coal division of Cyprus Amax Minerals (CYM-N) has sold 11 of its Midwestern, and Appalachian coal mines in a transaction aimed at relieving long-term liabilities.Cyprus sold the operations to Kent…
Millstream buys Tamarack
Junior Millstream Mines (MLSM-C) has picked up a 50.5% interest in the past-producing Tamarack gold property in southwestern Montana.To earn its interest, the company must fund undisclosed exploration…
Asia Pacific advances Thailand potash project
Asia Pacific Resources (APQ-T), which is in the midst of reviewing a bankable feasibility study of the Udon Thani potash project in Thailand, has made several recent developments at the project.The Va…
Noranda fights back against misinformation
Noranda (NOR-T) subsidiary Magnola Metallurgy is responding to recent negative media reports over its $700-million magnesium processing facility, now under construction in Asbestos, Que.Scheduled to b…
Greystar makes progress at Angostura
High in the majestic Andes of northern Colombia, Greystar Resources (GSL-T) is preparing to launch an independent prefeasibility study on an epithermal gold-silver deposit considered amenable to open-…
ASIA — Minco, Teck form JV for White Silver Mountain project
Teck (TEK-T) has agreed to option Minco Mining and Metals’ (MMM-V) 80%-owned polymetallic White Silver Mountain property in China’s Gansu province.In order to earn 70% of Minco’s interest, Teck is req…
Companies (July 13, 1998)
AGC Americas GoldAlberta Star MiningAllican ResourcesAmblin ResourcesAmerica Mineral FieldsAMT International MiningAntares Mining & ExplorationArcon International ResourcesAsia Pacific ResourcesAtna R…
Procoloro shifts gears, picks up new properties
Procoloro Resources (PCH-M) has decided to shift its focus from gold exploration to chromite and ferrochrome development.At the company’s recent annual meeting, shareholders gave the corporate transfo…