Saskatchewan to sell Potash warrants
The province of Saskatchewan has arranged to sell 7.3 million special warrants of Potash Corp. of Saskatchewan (TSE) at $18.75 per warrant. Subject to certain terms and conditions, each special warran…
1991
View from the West (September 02, 1991)
Last month’s “View from the West” column (T.N.M., July 29/91) briefly illustrated the deplorable state of venture capital financings by comparing Vancouver Stock Exchange financings for the first six …
Alberta Stock Exchange (September 02, 1991)
Trading lightly during the week ended Aug. 27, Cochise Resources picked up 20 cents to close at $1. Cochise is currently preparing for a helicopter-supported drill program on a 995-sq.-km copper-molyb…
Starmin, Adonos to invest in Philippine porphyry project
A large copper-gold porphyry deposit on the Philippine island of Negros has attracted a couple of Toronto-based juniors intent on bringing it into production. Starmin Mining (TSE) and Adonos Resources…
Vancouver Stock Exchange (September 02, 1991)
Both the resource and composite indices continued to rebound during the week ended Aug. 27 following the tumultuous events in the Soviet Union. The composite index added 8.27 points to finish at 563.7…
QPA convention set for Sept. 11-13
The annual convention of the Quebec Prospectors Association will take place Sept. 11-13 at Rouyn-Noranda, Que. Theme of the 1991 convention is “Exploring to secure the future.” In addition to the usua…
FUTURES PRICES (September 02, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 103.00 101.50 102.90 + 3.80 Oct 102.35 101.50 102.50 + 3.80 Nov 101.40 101.05 102.20 SILVER (in US cents per oz.) S…
MVP reaches deal with bondholders
Toronto-based MVP Capital (TSE) says it has resolved a number of matters relating to proposed restructuring of about $10 million in outstanding convertible Swiss bonds. Following discussions between M…
INSIDER TRADING (September 02, 1991)
A couple of Timmins Nickel (TSE) executives took the opportunity recently to cash in on the company’s high flying share price. According to the Ontario Securities Commission OSC Bulletin, Chairman Cha…
Toronto Stock Exchange (September 02, 1991)
Turmoil turned to tranquility during the week ended Aug. 27 as investors put the Soviet crises behind them and looked ahead to Labor Day vacations in Canada and the U.S. As the New York Stock Exchange…
Unlisted Trading (September 02, 1991)
Trading moderately during the week ended Aug. 27, Teddy Bear Valley Mines (CDN) picked up 15 cents to close at $1.75 after management announced it had resolved a claim ownership dispute with Card Lake…
Fewer towns spring up around mines in the wilderness
Strung out across Canada are 115 communities dependent on mining for their economic base. Familiar place names spring to mind: Yellowknife, N.W.T.; Faro, Yukon; Kimberley, B.C.; Flin Flon, Man.; Timmi…