OSC suspends trading privileges
GR Capital and its president, Glen Harper, have had their trading privileges suspended as part of a settlement agreement after allegedly violating certain takeover bid provisions of the Ontario Securi…
News
INSIDER TRADING (July 29, 1991)
Nell Dragovan, the woman who helped to secure International Corona’s (TSE) position in the Hemlo, Ont., gold camp, was recently an active seller of Prime Equities (VSE) shares. A director of a number …
200,000-oz. gold producer born by Royal Oak amalgamation
Canada has a new intermediate gold producer. Royal Oak Mines (TSE) is a 200,000-oz.-per-year gold company formed from the recent amalgamation of Royal Oak Resources and four companies in the Pamour gr…
Holcorp issues special warrants
Holcorp Gold Mines (CDN) has raised proceeds of US$480,750 through a recent issue of 640,999 special warrants. Each special warrant entitles the holder to acquire, at no extra cost, one common share a…
Drilling starts at Polaris-Taku
Drilling is now under way at the Polaris-Taku gold property, about 65 miles south of Atlin, B.C. Suntac Minerals (VSE) is earning a 60% interest in the property from Rembrandt Gold Mines (ASE). To dat…
Tests inconclusive at Trail smelter
Revisions to the problem-plagued QSL lead smelter at Trail, B.C., will remain on hold while test work continues aimed at resolving major process and mechanical difficulties which forced a shutdown of …
Financing (July 29, 1991)
Omax Resources Ltd. – 500,000 shs offered @ 50 cents per sh. Tombstone Explorations Co. Ltd. – 800,000 units consisting of 1 sh and 2 series “A” purch wts offered @ 45 cents per unit Jordex Resources …
Vendors, operators battle over NPI royalties
The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…
Placer Dome relocates offices for exploration
During the next 6-9 months, Placer Dome (TSE) plans to expand its international exploration presence and re-allocate resources in Canada. New exploration offices will be opened at Coral Gables outside…
Silver Butte, American Fibre get mixed results from SIB
The best hole of nine recently drilled on the SIB claims in the Eskay Creek region of northwest British Columbia returned a 9.8-ft. intersection grading 0.23 oz. gold and 54.9 oz. silver per ton from …
Bull Run extends share purchase
Colorado-based Bull Run Gold Mines (NASDAQ) says its directors have extended the share repurchase plan approved last December. Under the extended plan, Bull Run may purchase up to two million of its c…
Renabie closing looms closer
Mining operations at the Renabie gold mine near Wawa, Ont., will cease permanently as early as Aug. 4 and no later than Sept. 30, says Renabie Gold Mines, a subsidiary of International Corona (TSE). A…