Gold Funds (May 31, 1993)
Gold Funds as of May 25 BGR Central Net Value $12.28 $5.87 Price $10.50 $6.375 Discount 14.50% 8.6% Value $68,789,000 $107,254,913…
News
Financing (May 31, 1993)
Calco Resources Inc. — 1,000,000 units @ $1.35 and each unit consists of sh and 2 wts. 2 series A wts purchase sh. Delmay Mining Corp. — 10% convertible debentures @ $100.00. Vortex Energy & Mineral…
Toronto Stock Exchange (May 31, 1993)
— Week — May 25 May 24 May 21 May 20 May 19 High Low Composite”300″ 3859.91 N/A 3835.99 3831.59 3811.29 3859.91 3801.34 Metals&Minerals 2916.19 N/A 2880.75 2900.64 2882.36 2925.62 2860.54 Integrated…
Great Lakes gears up for production
It has been three long years since Great Lakes Minerals first listed on the Toronto Stock Exchange and embarked on a quest to join the select group of Canadian juniors that can boast an operating cash…
BM&S exploring
Toronto-listed Brunswick Mining and Smelting has earmarked $37.5 million over the next five years to find ore within trucking distance of its New Brunswick operation. If this search proves fruitless, …
Budget changes affect juniors
Mining-company representatives were one of the few groups smiling after studying Ontario’s new budget, says a Canadian Press report. The industry is applauding the government’s capital tax relief for …
Faro re-opening possible — Curragh lands Korean equity
Operations at the Faro lead-zinc mine in the Yukon are expected to resume in September following a financing agreement among two Korean companies and Toronto-based Curragh (TSE). Under the agreement, …
Communications workshop set
A workshop on mining-related communications will take place June 7 and 8 in Sudbury, Ont. The workshop is an outgrowth of the Intergovernmental Working Group on the Mineral Industry and the Whitehorse…
Mining comes to B.C. students
Students in British Columbia are being introduced to mining through a program produced by the province’s Mining Association (MABC) and a division of its teachers federation. The joint project resulted…
NEWS ROUNDUP — Noble Peak secures funding
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
EDITORIAL PAGE — A passing grade
“There’s a bad perception about the Exchange out there, and I believe this will cure some of that.” That is how Vancouver Stock Exchange Chairman Brian Harwood recently explained an investigation — i…
DIAMOND UPDATE — Pure Gold faces lawsuit from Loumic
Legal action has been brought against Pure Gold Resources (TSE) by Loumic Resources (VSE), which claims to have interests ranging from 6.5%-16% in four of Pure Gold’s properties in the Northwest Terri…