OBITUARIES — Louis Renzoni
A former vice-president of nickel producer Inco and a member of the Canadian Mining Hall of Fame, Louis Renzoni, died recently in Toronto. He was 79. A native of Copper Cliff, Ont., Renzoni worked for…
1993
PEOPLE — GOLDEN GLACIER
Paul Ray and Douglas Scheving appointed directors.
LETTERS TO THE EDITOR — Golden Bear gold mine continues in
The article “Troubled past is no longer an albatross around Golden Bear’s neck” (T.N.M., Sept. 20/93) did not mention Wheaton River Minerals, which owns 85% of North American Metals, owner of the Gold…
Salaries of top executives to become public knowledge
Major changes in Ontario securities regulations will require companies to disclose, individually and by name, the compensation paid to each of their top executives. “These changes put Ontario in the f…
Tri Origin completes drilling on Sault area gold project
A 12-hole program of 2,408 metres has been completed at Tri Origin Exploration’s (TSE) Sault gold project. Drilling on the property, 90 km north of Sault Ste. Marie, Ont., was followed by down-hole el…
Court approves Claude settlement
A settlement proposal to unsecured creditors of Claude Resources (TSE) has received court approval. Having paid the bankruptcy monitoring trustee $390,000, which is being allocated to unsecured credit…
Barrick to broaden horizons
Large North American gold producer American Barrick Resources (TSE) is looking for new opportunities overseas. The Toronto-based company announced the creation of its Corporate Development Group which…
Union member charged at Giant
The Royal Canadian Mounted Police have charged Roger Wallace Warren with nine counts of first-degree murder in connection with an explosion in the Giant gold mine that killed nine miners more than a y…
Republic funding
Republic Goldfields (ME) has arranged US$1.575 million in equity financing. It consists of a private placement, outside North America, of up to 700,000 units at US$2.25 each. Each unit consists of one…
STOCK MARKETS — Yamba Lake results boost western market
Positive assay results from the Yamba Lake diamond discovery gave the weakening diamond exploration market a bit of a boost over the week ended Oct. 18. That combined with a move in bullion to the US$…
OSC disclosure rules come under scrutiny
The Ontario Securities Commission (OSC) is reviewing its disclosure policy after a professional organization concluded that valuation reports and fairness opinions relied on by shareholders are “inade…
Financing (October 25, 1993)
Curlew Lake Res. — 1,200,000 shs @ 42 cents. Adobe Res. — 1,500,000 shs @ 10 cents. Callisto Res. — 1,600,000 shs @ 10 cents. Detector Res. — 1,700,000 shs @ 10 cents. Grantham Res. — 1,700,000 s…