News


Minera closes placement

Toronto-based Minera Rayrock (TSE) has closed its private placement of eight million special warrants at $2.50 per warrant. Proceeds of $20 million will be used partly to explore and develop the Bella…


U.S. Hall plans renovation work

The U.S. National Mining Hall of Fame and Museum plans to begin work soon on a US$788,000 renovation and new construction project. The Hall occupies a 3-storey Victorian schoolhouse in Leadville, Colo…


Western Quebec

A private placement of treasury shares will be used to redeem a promissory note of $600,000, in part to provide funds for further exploration of the McKenzie Break gold property in northwestern Quebec…


Three companies planning merger

Three Vancouver-listed juniors headed by Albert Applegath plan to merge this spring. The proposal calls for Tundra Gold Mines, Oneida Resources and Golden Pond Resources to form a new company, T.G.O. …


GOLD FUNDS (January 10, 1994)

Gold Funds as of Jan. 5 BGR Central Net Value $16.09 $6.58 Price $14.63 $6.875 Premium 4.5% Discount 9.11% Value $90,134,000 $124,432,688…



FINANCING (January 10, 1994)

Bema Gold 6.4 million units issuable upon conversion of 2.4 million first special wts and 4 million second special wts, each unit consisting of one common sh and one sh purchase wt, and 100,000 common…


Kalahari to drill Quebec anomaly

Deep-wedged drilling will resume in January on the St. Marcel property in the Eastern Townships area of Quebec. Earlier this year, a vertical hole was drilled to test a one-mile-wide-by-5-mile-long ma…


Antilles acquiring Venezuelan gold projects

Spokane, Wash.-based Antilles Resources (VSE) can acquire an 80% interest in two gold concessions in southeastern Venezuela. Each of the Janice I and II concessions covers about 12,355 acres and is un…




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