Book Review — Gold a unique, evolving commodity
The International Gold Trade, by Tony Warwick-Ching, Woodhead Publishing, Abington Hall, Abington, Cambridge, England, CB16AH (US$150). This book provides a comprehensive survey of a rapidly evolving …
News
Conwest, Faraday directors announce amalgamation plan
The boards of directors of Conwest Exploration and Faraday Resources have approved an amalgamation of the two Toronto-listed companies. Faraday shareholders will receive 0.42 common shares of the amal…
Toronto Stock Exchange Indices (July 26, 1993)
— Week — Jul 20 Jul 19 Ju1 16 Jul 15 Jul 14 High Low Composite”300″ 3876.14 3867.74 3901.79 3931.27 3941.66 3957.09 3855.68 Metals&Minerals 2850.56 2828.13 2852.17 2887.52 2937.33 2963.14 2815.42 In…
Gold Funds (July 26, 1993)
BGR Central Net Value $13.93 $6.31 Price $12.13 $7.00 Discount 12.96% 10.9% Value $78,035,000 $126,695,100…
Financing (July 26, 1993)
Adda Minerals Company Ltd. — 800,000 shs @ 35 cents.
Great Lakes buys — Mexican gold play
Great Lakes Minerals (TSE) has picked up an option to buy a 100% interest in the Lluvia del Oro gold project in Mexico. Approximately 200 km south of Tucson, Arizona, the property hosts a gold-mineral…
Noble Peak works polymetallic play
A field program is to begin on MH Resources’ Mag Lake polymetallic project near Rankin Inlet, N.W.T. A private company, MH was formed to combine the interests of Noble Peak Resources (ASE), Dejour Min…
Tri-Origin funding
Toronto-listed Tri-Origin Exploration has arranged a bought deal with Gordon Capital to raise $1.05 million. The deal consists of 500,000 units at $2.10 per unit. Each unit consists of one common shar…
NEWS ROUNDUP — Redstone arranges $16.5-million financing
Toronto-based royalty company Redstone Resources (TSE) has entered an agreement with Yorkton Securities, First Marathon Securities and Gordon Capital to issue three million special warrants at $5.50 e…
NEWS ROUNDUP — Louvem, St. Genevieve sell SEG
Privately owned Orimar Resources has acquired a 65% interest (10.2 million shares) in SEG Exploration (ME) from St. Genevieve Resources (TSE) and Louvem Mines (TSE). In return for the SEG shares, Orim…
ODDS’N’SODS — Mining atop Mount Copeland
As the old saying goes, “some people thrive on adversity.” This may or may not be true. However, the crew who volunteered to work at the top of Mount Copeland in the winter of 1967 were sorely tested …
Mineral rights relinquished for Yukon parkland
Six resource companies, Noranda among them, have sold and donated their mineral rights in the northwest corner of the Yukon. The move will result in the creation of a new park, Vuntut. Two-thirds the …