FUTURES PRICES (July 23, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 124.80 122.60 122.75 + 4.15 Aug 122.50 121.50 121.50 + 3.25 Sept 121.90 119.25 120.00 + 3.25 SILVER (in US c…
1990
Quintette ruling threatens company McConkey claims
Quintette Coal Chairman Bruce McConkey has asked the British Columbia Court of Appeal to overturn a Supreme Court judgment relating to prices paid for its product by the company’s Japanese customers. …
Galactic finalizes Cornucopia buy
The agreement between 10 shareholders of Cornucopia Resources (TSE) and Galactic Resources (TSE) has been finalized with Galactic acquiring 3.165 million shares. The shares represent 16.34% of the iss…
News in brief Black Thunder Petroleum Corp.
Black Thunder Petroleum Corp. (BTP:VSE) has changed its name to Conley Resources Corp. (CNY:VSE) on a 1-new-for-5-old- share basis. A cease trade order dated from June 30, 1988, is still in effect. Th…
Ivany denies asking for Eskay assay
Securities lawyers representing John Ivany at a hearing in front of the British Columbia Securities Commission appear to have adopted a strategy aimed at distancing Ivany from his associates, Murray P…
Belmoral selling Astoria stake, 40% of Yorbeau for $5 million
Cash-strapped Belmoral Mines (TSE) has agreed to sell its 50% stake in the Astoria gold property near Rouyn-Noranda, Que., to joint venture partner Yorbeau Resources (TSE). Belmoral is attempting to p…
Sydney conference
The 24th annual conference of the International Iron and Steel Institute (IISI) will take place Oct. 8-10 in Sydney, Australia. Themes of the conference’s three panel discussions will be the world eco…
Prime Resources buys more Avondale
With the recent purchase of an additional 125,000 shares, Prime Resources Group (VSE) now owns 1.04 million shares of Avondale (VSE), or about 16.56% of Avondale’s issued and outstanding shares. Prime…
Anglo hits graphite horizon on hole two
Drilling its second hole at the MWF property near Timmins, Ont., Anglo Canadian Mining (TSE) has intersected what it believes to be an important mineralized zone. Occurring at the contact between sedi…
Gigi to drill Galore Creek bet
With Prime Equities as operator, Gigi Resources (VSE) is about to start its 1990 work program at the Trophy gold project in the Galore Creek region of northwestern British Columbia. Gigi can earn a 55…
News in brief First Manhattan Resources Corp.
First Manhattan Resources Corp. (FMZ:VSE) has changed its name to Napier International Technologies Inc. on a 3-new-for-2- old-share basis. A reverse takeover is in progress. Pacific Corporate Service…
People LAC MINERALS LTD.
Mitchell Graye appointed senior vice- president and chief executive officer of LAC Minerals and vice- president, chief financial officer and treasurer of LAC’s subsidiary Bond International Gold, Inc….