Toronto Stock Exchange Indices (June 07, 1993)
— Week — Jun 1 May 31 May 28 May 27 May 26 High Low Composite”300″ 3856.87 3882.68 3866.44 3869.72 3865.17 3883.42 3854.32 Metals&Minerals 2907.15 2952.02 2937.53 2944.09 2927.40 2952.02 2907.15 Int…
News
BOOKS IN BRIEF — Bonus system finds new favor in mining
Metal and Industrial Mineral Mine Salaries, Wages & Benefits: 1992-93 Survey Results and Coal Mine Salaries, Wages & Benefits: 1992-93 Survey Results. Contact: Western Mine Engineering Inc., Mining Co…
DIAMOND PAGE — Diamond Fields raises $5.7 million to buy
Flush with cash from a recent private placement with First Marathon Securities and Yorkton Securities, Diamond Fields Resources (VSE) has agreed to buy a Namibian diamond producer for US$3.3 million a…
Gignac details Omai operations
Details of the new Omai gold mine in Guyana were presented by the president of Cambior at a recent luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum in Toronto. Louis Gignac said …
Program yields positive results from Aurizon’s La Reyna
A $200,000 exploration program has yielded encouraging results at Aurizon Mines’ (TSE) La Reyna copper-gold property in the western Mexican state of Sinaloa. A northeasterly-trending soil anomaly, 4,0…
DIAMOND PAGE — In Ontario and Quebec . . . Drill results
Results are beginning to trickle in from a 73-hole reverse circulation drill program on ground held by Sudbury Contact Mines (TSE) in the Kirkland Lake diamond camp, says exploration geologist Peter H…
Cambiex closes public offering
Montreal-based Cambiex Exploration has closed its initial public offering of 5,000 units at $1,000 per unit. Each unit consists of 800 flow-through common shares and 200 common shares at $1 per share….
Noble Peak wins private placement
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…
Orleans processing bulk sample at St-Onge
Reaching what President Jean-Guy Masse describes as a major threshold, Orleans Resources (ME) has received positive results from samples taken on its St-Onge wollastonite deposit near Lac St. Jean, Qu…
Repadre Capital acquires NSR royalty on B.C.’s Golden Bear
Toronto-based Repadre Capital (VSE) has signed a letter of intent with Wheaton River Minerals (TSE) giving the former a net smelter return (NSR) royalty on all mineral production from North American M…
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…
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…