Stewart Lake issues terms of debenture
Stewart Lake Resources (TSE) recently received $500,000 under a Series A Debenture and Warrants issued under a March 12 loan agreement with Trinity Capital Corp. The 5-year debenture bears interest at…
News
Spot prices at a glance (April 23, 1990)
Week’s Price (US) Change Gold* $374.70 + $0.60 Silver* $5.09 Platinum* $478.00 + $2.00 Nickel** $3.93 — $0.06 Lead** $0.38 + $0.01 Copper- $1.22 + $0.03 Zinc $0.74 Courtesy of Scotiabank. Information…
News in Brief (April 23, 1990)
Clifton Resources has changed its name to Consolidated Clifton Resources Ltd. (CFC:VSE) on a 1-new-for-5-old-share basis. Transfer agent is Central Guaranty Trust Co.
Gold funds as of Apr. 17
MVP BGR Central Capital Net value $11.59% %$5.87% $0.39% Price $10.50% %$5.875% $0.23% Discount 9.40% %0.1% 41.0% Value $69,013,966 $98,842,763 N/A…
IOCC GOLD OPTIONS (April 23, 1990)
Total volume for the week was 1,015 contracts; total open interest at the close was 30,559 contracts.
Corona, Avalon terminate deal
A transaction announced previously whereby Avalon Corp. would have acquired the industrial mineral assets of Corona (TSE) has been terminated. Corona is the major shareholder of oil and gas producer A…
Shareholders vent frustrations at Muscocho group meetings
Questions about what went wrong at the Magino and Magnacon gold mines in northern Ontario took centre stage at the annual meetings of Flanagan McAdam Resources (TSE), McNellen Resources (TSE) and Musc…
Gibraltar revises production forecast
The recent annual meeting of Gibraltar Mines (TSE) revealed a pleasant surprise for shareholders anticipating a reduction in throughput at the company’s copper mining operation near Williams Lake, B.C…
Aber farms out two properties
An option to earn a 70% interest in the 74,000- acre Tikiraq property owned by Aber Resources (TSE) was recently granted to Echo Bay Mines (TSE). The property, 320 miles northwest of Yellowknife, N.W….
FUTURES PRICES; New contract at David Bell hikes wages by 22%
Management and union workers at the David Bell Mine at Hemlo, Ont., have signed a 3-year contract agreement that will increase wages by about 22%. The agreement, approved by 80% of local 9165 of the U…
Barringer, Accurassay combine assay services
Two assaying companies, Barringer Laboratories and Accurassay Laboratories, have merged their services to create one continent-wide organization. Barringer has several labs in mining centres across No…
Montreal Exchange: Volume slackens
Investors shied away from the market during the holiday-shortened week ended April 17; daily trading volumes ranged between a puny 3.1 million and 5.2 million shares. Key indicators showed a negative …