Adrian shareholders approve acquisition
Shareholders of Adrian Resources (VSE) have approved an agreement to buy all issued and outstanding shares of Panamanian company Georecursos Internacional S.A. As a result, Adrian will hold an indirec…
News
PEOPLE — LODI METALS (June 21, 1993)
Hans Banziger appointed director.
THE DIAMOND PAGE — DHK group raises $7.2 million to explore
As an example of how the diamond frenzy is beginning to rub off on exploration for other minerals, DHK Resources will raise $7.2 million, through private placements, to spend on new projects. Since Ke…
STOCK MARKETS — Gold stocks sustain buoyancy of Western
The Vancouver Stock Exchange is experiencing its strongest market in recent years, with the latest quarter showing the second-highest volume on record, and the highest since 1987. The upsurge in gold …
USMX active in Puerto Rican copper-gold deposit
An advanced copper-gold deposit in Puerto Rico will be further tested this year by a drilling and metallurgical program funded by USMX (NASDAQ). The company recently acquired an approximate 50% equity…
Metals sub-index off sharply in April
A sharp drop in copper and potash prices in April led to a new cyclical low for the metal and mineral sub-index of the Bank of Nova Scotia’s commodity price index. Base metal prices continue to be pla…
THE DIAMOND PAGE — St Andrew funding
Toronto-listed junior St Andrew Goldfields has issued four million special warrants at 80 cents each to raise $3.2 million. Each can be exchanged for one common share. Some of the proceeds will fund d…
LAST BUT NOT LEAST — OMA elects chairman
For the first time, the Ontario Mining Association (OMA) has elected a chairman from a mining company in southern Ontario. W.R.C. (Bill) Macdonald is president and chief executive officer of CGC Inc.,…
FINANCINGS (June 14, 1993)
Red Fox Minerals Ltd. — 1,000,000 shs @ 50 cents. Dorset Exploration Ltd. — 1,700,000 shs @ $18.25. CS Resources Ltd. — 3,000,000 shs issuable upon the exercise of 3,000,000 special wts @ $7.30 per…
Donations sought for Logan fund
The Canadian Geological Foundation, a non-profit organization noted for its support of education in the earth sciences, is seeking donations to help it restore documents of historical significance. It…
New board members
Three new appointments have been made to the British Columbia Mineral Tax Review Board, which hears appeals on taxes levied under the Mineral Tax Act from owners of mines in the province. The 3-year a…
DIAMOND PAGE — Diamond fund’s rolling
At least two companies have entered into share purchase agreements with the Caratax Diamond Exploration Limited Fund, a tax-sheltered investment fund that will hold a basket of Canadian diamond explor…