at a price of 30 cents per share, with non-transferrable share purchase warrants, entitling the placees to purcahse up to 415,000 shares at a price of 40 cents per share for a 12-month period. This …
200,000 shares of the company’s capital stock at 45 cents per share. These shares will be designated as flow-through, the company says, and the proceeds will go to finance exploration on the company’…
A lease agreement held by Cornucopia Resources has been renegotiated, the company says. The agreement concerns the Red Mountain gold deposit in Colorado. Under the new deal, Cornucopia will receive a …
Labor relations in the mining industry are changing dramatically in the 1980s, largely a result of the changing economics of the industry. The 3-month old strike at Noranda’s Canadian Electrolytic Zin…
A long-time prospector and mining entrepreneur, Lyle F . Smith, has d ied at the age of 65, at his home in Killaloe, Ont. Mr Smith was particularly active throughout his career in northern Ontario and…
A 25,000-ft diamond drilling program is scheduled to start in December on Argentex Resource Exploration’s property in Puiseaux and Orvilliers twps., Que. The drilling will test areas which yielded ano…
basis of 1 new for 5 old shares.
Limited Partnership has agreed to fund a surface diamond driling and shaft rehabiliation and underground bulk sampling program on the company’s Island Lake Gold project in Manitoba. Total flow-through…
Interlake Development plans to amalgamate with two of its subsidiaries and a fourth company, all of which have interlocking management and hold jointly certain oil and gas property interests, and chan…
A joint venture agreement between Kerr Addison Mines and International Coast Minerals could see the former spend $1.75 million on a gold property in the Kennedy Lake area on Vancouver Island. Coast Mi…
Recent court decisions foiled Revenue Canada’s general attempt to limit a limited partners’ allocation of deductions to the amount of his liability for economic loss or “at-risk” amount. The moratoriu…
Improving gold prices and operating efficiencies are the chief reasons behind the 60% profit boost found on the latest financial statements from U.S.-based Battle Mountain Gold. For the nine months en…
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