Terms of TVI placement change
Terms of a previously announced private placement for TVI Copper (ASE) have changed. The number of special warrants to be issued has increased to 5 million from 3.7 million for gross proceeds of $4 mi…
News
LAST BUT NOT LEAST — AMR completes placement
A private placement consisting of 43 million shares at 50 cents each has been arranged by Alberta-listed Advanced Material Resources (AMR). Proceeds from the $21.5 million placement will enable AMR to…
NEWS IN BRIEF (April 25, 1994)
Triple 8 Energy (TPL:ASE) has changed its name to Oilexco on a share-for-share basis.
PEOPLE — ARLO RESOURCES (April 25, 1994)
T. Henderson appointed director.
Aur Res. to start drilling at Mainstreet
Toronto-based Aur Resources (TSE) is planning to drill the 7-claim Mainstreet base metal property. The concession, wholly owned by Beaufield Resources (VSE), adjoins Aur’s Lugold property in Louvicour…
PEOPLE — ARGYLE VENTURES
Hugo Calderon appointed chairman; Tas Li appointed president and chief executive officer; Ernesto Lasalle appointed vice-chairman; Andrew Nevin, Daniel Plumley and Steven Pettit appointed directors.
Judge renders ruling on Hemlo pre-trial motions
Justice Archie Campbell of the Ontario Court, General Division, recently released his ruling on pre-trial motions in the Scintilore Explorations (TSE) lawsuit against prospectors John Larche and Donal…
IPC assay results pending from TSE
The Toronto Stock Exchange is still awaiting fire assay results from samples taken on International Platinum’s (IPC) ground in Arizona. The samples were taken to laboratories in Canada in an attempt t…
Government initiatives alter trade patterns
Market players are having a tough time steering their way through economic minefields in Western and former east bloc waters. The problems appear to have little to do with physical markets, where dema…
Record price for Nymex seat (April 18, 1994)
A seat on the New York Mercantile Exchange (Nymex) has sold for a record US$425,000. The previous high of US$400,000 was set in December. The commodity exchange, a major dealer in oil futures and opti…
Damoti Lake results mixed
Drilling results from the high-grade Bif Island area of the Damoti Lake property north of Yellowknife, N.W.T., indicate the northerly extension of the zone may be limited. Partners Athabaska Gold (TSE…
NEWS IN BRIEF (April 18, 1994)
Mineral Park Mining (MPK:VSE) has changed its name to IMP Industrial Mineral Park Mining (IME:VSE) on a 1-new-for-4.5-old-share basis. The transfer agent is Pacific Corporate Trust Co.