NEWS ROUNDUP — Sherritt makes public offering
Nickel refiner Sherritt Gordon (TSE) says it will make a public offering of shares and warrants worth $60 million. The offering consists of 7.5 million units priced at $8 per unit. Each unit is made u…
1992
Century-old club strives for survival
With membership rapidly declining in recent years, The Engineers’ Club of Toronto faces the difficult choice between closing its door or merging with another club. Alternatively, members must raise mo…
Barnwell acquiring shares in MSV
A private company incorporated in the British Virgin Islands, Barnwell Investments Ltd., has an agreement with Northgate Exploration (TSE) to acquire more than 5.6 million shares of MSV Resources (ME)…
Mining celebrities
The National Mining Hall of Fame and Museum in the U.S. will induct 12 new members Oct. 18 at the Desert Inn and Country Club in Las Vegas, Nev.
NEWS ROUNDUP — Fairfield sells ore to Noranda
A 570-ton shipment of high-grade gold ore from the Siwash North gold deposit owned by Fairfield Minerals (TSE) is on its way to the Horne smelter in Quebec. The shipment is estimated to contain 2,000 …
Securities dealers say OSC trying to shut them down
The nine member firms of the Securities Dealers Society of Ontario (SDS) have launched a lawsuit against the Ontario Securities Commission (OSC) and the OSC’s chief compliance officer, Donald Page, ov…
NEWS ROUNDUP — Kennecott options Taseko area project
Once permits are in hand, Valerie Gold (VSE) intends to start an initial 5,000-ft. drill program on its Mega-Gold property in the Taseko River area north of Lillooet, B.C. The program will be funded b…
17 individuals nominated for Canadian Mining Hall of Fame
The Canadian Mining Hall of Fame has released the names of 17 nominees eligible for the next induction in Toronto on Jan. 11, 1993. The eight successful nominees will be announced before year-end. The…
Lac enters Irish zinc play with US$70-million deal
Following a global search for new prospects by its business development arm, Lac Minerals (TSE) has agreed to acquire all of Chevron’s mineral interests in Ireland for US$70 million. The property port…
Fee changes, MDA may spark Alberta exploration
Mineral exploration has suddenly become affordable in Alberta with the provincial government’s decision to temporarily waive a $10-per-hectare deposit on exploration permits. And a first-ever Minerals…
NEWS ROUNDUP — Noranda to explore Drag prospect
A recent formal agreement allows a unit of Noranda (TSE) to earn up to a 70% interest in the Drag property about 20 km north of Gold River, B.C. The Vancouver Island prospect covers an area of Paleozo…
PEOPLE — WESTAR GROUP (September 21, 1992)
Larry Bell will act as interim chairman. N5…