Financing (June 07, 1993)
Braiden Resources Ltd. — 500,000 units @ 61 cents and each unit consists of sh and 2 series A wts and 2 series A wts purchase sh. Golden Ring Resources Ltd. — 1,000,000 units @ 40 cents and each uni…
News
DIAMOND PAGE — Overseas… KWG signs letter
KWG Resources (ME) has signed a letter of intent to buy 50% in four concessions in the municipality of Coromandel, Brazil, for US$1.8 million. One of the concessions, Charneca, produced diamonds value…
NEWS ROUNDUP — Campbell to issue special warrants
Toronto-listed Campbell Resources is planning to sell $10-15 million in special warrants which can be swapped for common shares at 88 cents each. Proceeds from the financing will be used to develop re…
Morgain applies for Mexican incentive
Toronto-based Morgain Minerals (VSE) is one of the first Canadian juniors to apply for Mexico’s new exploration and exploitation incentive program. Under the program, the Mexican government will finan…
Noranda re-works Montanore deal
Partners Noranda Minerals (a subsidiary of Toronto-listed Noranda) and Montana Reserves (a private company) have restructured the ownership of their Montanore silver-copper property near Libby, Mont. …
Silver demand rises in key regions
Demand for silver exceeded total new supply by 88.6 million oz. in 1992, the third consecutive year the market has been in a net deficit position, according to a survey released today by the Washingto…
250 idled at Kidd Creek
Falconbridge will lay off 250 workers at its Kidd Creek complex in Timmins, Ont. A downturn in base metal prices has caused the layoffs, according to the company, a unit of Noranda (TSE) and Trellebor…
A half-million dollars here, another there…Cazador pursues
An additional private placement totaling $500,000 has increased Cazador Explorations’ (VSE) flexibility in putting the Keystone gold project, near Lynn Lake, Man., into production. Granduc Mines (TSE)…
NEWS ROUNDUP — Labyrinth looks to Venezuela
Having agreed to acquire a majority interest in a gold property in the Guyana district of Venezuela, Bema Gold (TSE) plans to transfer the property to its 76%-owned subsidiary, Labyrinth Resource (VSE…
PRODUCER PRICES (June 07, 1993)
ALUMINUM: MW U.S. market US52.00-53.00 cents per lb. (May 27, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
Western International drills Arizona copper
Reverse circulation drilling has started on Western International Explorations’ (CDN) Stray Elephant copper property in Arizona. The 8,000-ft., 30-hole program, which is testing for extensions of know…
Tiomin completes mineral sands tests
Laboratory-scale testing of a heavy-mineral bulk concentrate from the Natashquan deposit in Quebec has been completed, reports Tiomin Resources (TSE). Gravity, magnetic, and electrostatic separation t…