Black Hawk offering to raise $3 million
Toronto-based Black Hawk Mining (TSE) recently filed a preliminary prospectus for a proposed rights offering designed to raise $3 million for a feasibility study on the company’s nickel- copper-cobalt…
News
Toronto Stock Exchange Middle East, global exonomy drive shares
In a week when Murray Pezim and Ned Goodman were promising either to quit or distance themselves from the mining scene, share prices continued to take a hammering. Rio Algom and Galactic Resources wer…
Correction (October 08, 1990)
LAC Minerals (TSE) purchased its 65% interest in Bond International Gold (TSE) for US$379 million. An incorrect figure was previously reported (T.N.M., Oct.1/90).
NEWS IN BRIEF Kel d’or Resources
Keld’or Resources Inc. (KED: VSE) has changed its name to Consolidated Keld’or Resources Inc. (CKD:VSE) on a 1-new-for-3-old- share basis. Transfer agent is Montreal Trust.
Assays awaited from Tulsequah
The most recent hole completed on the Tulsequah Chief massive sulphide project in northwestern British Columbia is reported to have intersected 20 ft. of mineralization within a wide stratigraphic int…
Curragh set to build Westray coal project
Curragh Resources (TSE) is set to start construction and development of the Westray coal project in Pictou County, N.S. The company says it has arranged financing through a $100-million loan from the …
Portfield changes name to Canmine
Portfield Industries (COATS) has changed its name to Canmine Resources (COATS) and expects to be trading under its new name and share structure immediately. Canmine has a portfolio of 10 precious and …
IOCC GOLD OPTIONS (October 08, 1990)
Options Open Series Volume Last Interest Nov. 400 C 324 11.00 2,113 Nov. 410 C 145 7.30 2,728 Nov. 420 C 366 5.50 3,123 Nov. 440 C 458 3.80 4,362 Nov. 460 C 449 1.50 2,457 Feb. 390 C 232 25.00 859 Feb…
Lytton to buy more Tagish shares
The Toronto and Vancouver Stock exchanges have accepted the filing of an agreement that will allow Lytton Minerals (TSE) to increase its holding in Tagish Resources to one-half the outstanding shares …
Teeshin seeks partner for Dome Mountain
Teeshin Resources (VSE) is seeking a partner to help fund its Dome Mountain through to production in return for an interest in the gold project. The company said discussions with one party fell throug…
EDITORIAL Exploration is heading south
The climate for mineral exploration in Canada has become so oppressive that a great many companies are now looking beyond our borders for opportunities. The following quotation, taken from the 1990 an…
Athena, Placer make Talapoosa deal
It has taken longer than expected, but Athena Gold (VSE) finally has a definitive joint venture agreement with a unit of Placer Dome (TSE) for further exploration and development of its 19-square-mile…