FINANCING (August 27, 1990)
Coronet Metals Inc — 700,000 offered @ 50 cents per sh. Avondale Resources Inc — 2,000,000 offered @ $1.22 per unit.
1990
News In Brief (August 27, 1990)
Starlight Energy Corp. (SEY: VSE) has changed its name to Hansa International Resources Ltd. (HAN:VSE) on a 1-new-for- 3.5-old-share basis. Transfer agent is Central Guaranty Trust.
METAL PRICES FUTURES PRICES (August 27, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 132.50 131.70 132.05 — 1.95 Sept 132.50 130.50 131.75 — 1.10 Oct 129.00 129.00 129.80 — 0.05 SILVER (in US…
Sixth year of profits for Imperial
With earnings of $1.77 million or 8.7 cents per share, Imperial Metals (TSE) is reporting its sixth consecutive year of profitable operations. The results were about half the $3.18 million or 19 cents…
Minorca encounters more high grade gold
Val d’Or, Que., company Minorca Resources (VSE) is considering a 10,000-ft. drill program for its Santa Anna property near La Sarre, Que., after encountering more high-grade gold values within the No….
U.S. REPORT Formation acquires Oregon property
Exploration work by Formation Capital (VSE) on recently acquired ground in eastern Oregon has the company optimistic the property has potential for a bulk tonnage, precious metal deposit that may be a…
Deak Res. obtains financing from Ontario’s heritage fund
The Northern Ontario Heritage Fund has approved a request by Deak Resources (TSE) for support by way of a loan facility for the company’s mining and milling operations at Virginiatown, Ont. Deak Presi…
Brosnor meeting
Shareholders of Brosnor Exploration (ME) will vote on a proposed corporate consolidation at a Sept. 29 meeting. Proposed is a consolidation based on seven old shares for one new share. Also proposed i…
Fortune begins work on Newfoundland bet
Using a public financing completed in July, Fortune Bay Resources (VSE) will begin trenching and drilling on its Isle Aux Mort gold property this month. Fortune will be investigating a sheeted quartz …
Denison share price drops as A,B dividends withheld
The preferred series A and B shares of Denison Mines (TSE) took a heavy beating recently after the company said it would not pay out scheduled dividends on both sets of shares. On Aug. 20, the first w…
Bailey buying
Recently acquiring 412,500 B shares of Vancouver-based junior Hughes Lang (VSE) was Gregory Bailey and a company he controls, Premier Medical Investments. The shares, combined with 116,000 B shares al…
Tymar, Ticker Tape drilling Newice
Partners Tymar Resources (VSE) and Ticker Tape Resources (VSE) are about to start a drill program on their Newice property, 68 miles north of Stewart, B.C. Previous work on the property is reported to…