FirstMiss gets nod from IRS
The Internal Revenue Service will allow FirstMiss Gold (NASDAQ) to be spun off, tax-free, from parent First Mississippi (NYSE).The ruling allows the parent to distribute to its stockholders its 14.7 m…
News
NEWS ROUNDUP — Patrician enters Tanzanian JV
Junior Patrician Gold Mines (ASE) has entered into ajoint-venture to explore certain of its gold properties inTanzania.The agreement in principal was reached with South African-based JCI and applies t…
NEWS ROUNDUP — Leach tests help Aldebaran
Leach tests demonstrate that material from the Aldebaranproject in Chile will not require fine crushing.Partners Bema Gold (TSE) and Arizona Star Resource (VSE) report that three 22-ton tests, which s…
Companies (May 22, 1995)
AberAdrianAquaterreAraucoArizona StarArloAscotBand-OreBeloreBema GldBlacklineBotswana DevBre-XBreseaCacheCambiorCanarcCoeur d’AleneComaplexCominco IntlCons ManusCorner BayCumberland…
Index (May 22, 1995)
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Aquaterre funds Georgia work
A $450,000 private placement will enable Aquaterre Mineral Development (VSE) to proceed with work on its optioned Georgia River property near Stewart, B.C.Each of the 1.1 million units consists of one…
Northern Crown works Mesa Galindo
Trenching and sampling are under way on the Mesa Galindogold-silver project in Mexico’s Sonora state.Northern Crown Mines (VSE) is examining the bulk-tonnagepotential of several gold-silver-mineralize…
Glimmer to buy Hemlo’s stake in Hislop-Beatty
After learning that Hemlo Gold Mines (TSE) intends to sell its 60% interest in the Hislop-Beatty gold joint venture, 40%-owner Glimmer Resources (VSE) announced its intention to exercise its first rig…
STOCK MARKETS — Composite index enables TSE to shine brightly
After losing the spotlight to the major American indexes over the past few weeks, the TSE 300 composite took centre stage once more, as investors driving it to a new 7-month high. Thecomposite jumped …
Denison Mines restructures debt
An agreement between Denison Mines (TSE) and its corporate lenders will allow the former blue-chip company to restructure bank debt, subject to certain conditions.The lenders agreed to convert all deb…
Manus funding proves elusive
Unable to come up with a final payment of US$1.1 million,Consolidated Manus Industries (VSE) has dropped its option to acquire the Sullivan gold-copper property in Nevada.The junior was planning to us…
Engineering firm profiles Indonesia
Denver-based Pincock, Allen & Holt has published a 2-volume study of the economic potential of Indonesia, aimed at mining executives.Indonesia: A Country Profile, produced in association with Internat…