FINANCING (December 27, 1993)
Azco Mining — 3.2 million shs issuable upon the exercise of 3.2 million special wts @ $2.25 per special wt. Cambior — US $5.5 million units, each unit consisting of one common sh and one-half common…
News
Funds move the marketplace
The short-term rebound in metals has yet to raise prices to profitable heights. Most of the London Metal Exchange (LME) volumes, which have doubled over similar periods last year, are almost entirely …
STOCK MARKETS — Mining shares add strength to TSE’s year
The Toronto Stock Exchange enjoyed a fabulous year. With only about a week to go before 1993 fades into history, the 300 Composite Index gained nearly 1,000 points year over year. On Dec. 22 last year…
DIAMOND PAGE — Torrie pipe yields more diamonds at Yamba
Joint-venture partners Tanqueray Resources (ASE), Fibre-Klad Industries (ASE) and Mill City Gold (VSE) provided some Christmas cheer to shareholders by reporting that diamonds were found in the second…
New strategy for Sharpe Energy
Managers of Sharpe Energy and Resources (VSE) outlined corporate strategy at a recent meeting in Toronto. The company wants to increase production either by exploration, acquisition or equity investme…
Giveaways hurting zinc industry
The American Zinc Association has charged the U.S. defence department with selling stockpiled zinc at prices below the market. The zinc sold from that nation’s strategic stockpile has cost taxpayers m…
LAST BUT NOT LEAST — Green Line starts production tests
Having moved ball mills onto its Costa Rican gold property, Green Line Business Stores (CDN) expects to begin production. The company is planning 60-day production test at 100 tons per day. It also pl…
LAST BUT NOT LEAST — Corner Bay gets Mexican copper
Junior Corner Bay Minerals (TSE) can acquire two concessions in the famed San Francisco del Oro-Santa Barbara mining district in Mexico. The area totals 369 hectares and is near Parral, in the state o…
LAST BUT NOT LEAST — Manor to drill Virginia targets
Having completed geophysics and soil sampling, Manor Resources (ASE) plans to begin drilling at its Virginia gold property near Gander, Nfld. The surveys identified four zones of potential mineralizat…
Bitech, Noveder in option deal
Private company Noveder of Rouyn-Noranda, Que., has signed a letter of intent to acquire the Nugget Pond gold property in northern Newfoundland. Nugget Pond is owned by Toronto-based Bitech (ASE) and …
Bolivar acquiring Nena concession
Bolivar Goldfields (VSE) can acquire a gold concession previously worked by local miners in the Chicanan district of Venezuela. The 2,000-hectare Nena concession is south of a gold discovery made by G…
Kinross to get remaining Falco Gold interest
Having arranged to acquire the remaining portion of Falconbridge Gold (TSE) that it does not own, Kinross Gold (TSE) is well on its way to achieving its goal of becoming a medium-sized gold producer b…