PEOPLE — MARIETTA RESOURCES (July 19, 1993)
John Husdon appointed president and director; Douglas Husdon and David Clark appointed directors.
News
Saskatchewan gold mine — Cameco to test Contact Lake
Following the recent rise in the gold price and a revised feasibility study, Cameco (TSE) proposes to develop an underground test mine at the Contact Lake gold deposit in Saskatchewan. The deposit, 45…
Agnico raises US$44 million
Gold miner Agnico-Eagle Mines (TSE) expects to raise US$43.9 million through a public offering of 4.25 million common shares at US$11 per share. The offering is being made in the U.S., Canada and Euro…
LETTERS TO THE EDITOR — Harcourt and company `myopic
The following is an open letter to Michael Harcourt, premier of British Columbia, in response to his government’s decision to expropriate the Windy Craggy copper project in favor of creating a provinc…
Repadre warrants
Midland Walwyn Capital and Canaccord Capital will acquire six million special warrants of Repadre Capital (VSE) at $3 per warrant, to raise a total of $18 million. The underwriters have the option to …
FINANCING (July 19, 1993)
Southwestern Gold Corp. — 800,000 shs @ $1.00. Eurus Resource Corp. — 1,500,000 units @ $1.19 and each unit consists of sh and 2 wts and 2 Series A wts purchase sh. Glamis Gold Ltd. — 2,000,000 shs…
Canamin updates Huckleberry reserves
With 4,090 metres having been drilled on the newly discovered East zone, New Canamin Resources (VSE) estimates preliminary reserves at its Huckleberry property near Kemano, B.C., are 31 million tonnes…
Chilean copper mine — Minera’s Ivan gets green light
Having secured a commitment for US$18 million in debt financing from the Chase Manhattan Bank of Canada, Minera Rayrock (TSE) is bringing into production its Ivan copper deposit in northern Chile. The…
Rome shareholders approve transaction
Shareholders of Rome Resources (VSE) have agreed to acquire joint-venture and exploration rights in Armenia by issuing 12 million shares to businessman Gregorio Becerro. The transaction has yet to be …
Metall boosts Teck interest
Copper-producer Metall Mining (TSE) has increased its direct and indirect voting interest in Teck (TSE) to 33.5% from 28.5%. In a private transaction, Metall acquired 273,500 A shares of Teck, bringin…
LETTERS TO THE EDITOR — Manitoba’s Bill 41 threat to
For many years, on a personal basis and through the Prospectors and Developers Association of Canada (PDAC), I tried, without success, to bring out the facts about the low state of minable ore reserve…
AROUND THE GLOBE — Takla and Fairfield option Tanzania
Alberta-listed Tan Range Exploration has granted Takla Star Resources (ASE) and Fairfield Explorations (ME) an option to develop the Luhala and Ngula gold projects in Tanzania. Takla and Fairfield can…