Van Nest acquires Gateford Resources
COATS-listed Gateford Resources recently announced the private placement of two million common shares and one million warrants to purchase common shares for an aggregate consideration of $400,000 to V…
News
Investment Comment Conwest pins hopes on oil rebound
While a steep decline in oil and gas prices took a large bite out of Conwest Exploration’s 1986 cash flow, few natural resource companies can boast such an enviable track record. In business for 48 ye…
METAL MARKETS Shareholders nix amalgamation plan
Preferred shareholders of Potash Co. of America recently rejected a proposal to amalgamate the company with Rio Algom, which controls almost 88% (all of the common shares) of the company. Potash Co., …
Queries Gold boosts Edda shares
I would appreciate any information you can give me on Edda Resources. The issue doubled a couple of weeks ago and I would like to know what caused it to go up. Edda appears to be a good stock for inve…
Metal Prices FREE MARKET London Metal Exchange (July 27, 1987)
Spot closing prices in Pound Sterling per tonne Date July 21 July 20 July 17 July 16 July 15 Copper 1024-1025 1024-1025 1015-1017 1016-1017 1004-1005 Lead 408-409 410-411 …
Vancouver Stock Exchange Market back in neutral territory
The Vancouver market has moved back into neutral territory following yesterday’s 16-point loss. By presstime, the VSE index was up marginally to 1,860.6 pts and most issues were trading within narrow …
Carolin options B.C. property to Dome Explor.
An agreement has been signed whereby Carolin Mines will option its gold property near Likely, B.C. to Dome Exploration. Under the agreement, Dome can earn a 60% interest in the prospect for an expendi…
Asamera Minerals files prospectus
Calgary-based Asamera Minerals has completed an initial public offering through Midland Doherty Ltd. and Dominion Securities Inc. Under the terms of the offering, Asamera has agreed to sell 2.5 millio…
Viceroy mine construction could begin in September
Construction work could begin this September on Viceroy Resource Corp.’s Castle Mountain property in California, says D. Ross Fitzpatrick, president. In the meantime, he confirms the “permitting proce…
Montreal Exchange Actvity in Ungava
A record-breaking performance on the Montreal Exchange gave way to less heady trading, with both the market portfolio and mining and minerals index experiencing a downturn during the latter part of th…
Option obtained on placer leases
An option to acquire a 50% interest in four placer-mining leases in the Quesnel mining district near Barkerville, B.C., has been obtained by hwi Industries. The company reports the Barkerville area pr…
Noranda’s Black Pine looks heap leachable
Some encouraging results at Noranda Exploration’s recently obtained Black Pine property in Cassia Cty., Idaho, means that the company could be on the verge of beginning a heap leach operation there. A…