1993



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…



Westminer Canada options Timmins base metal property

In an agreement reached with Moneta Porcupine Mines (TSE), Westminer Canada can earn up to a 100% interest in a 65-sq.-km base metal property near Timmins, Ont. The property is in Jamieson, Macdiarmid…


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…



Weaver options Thunder Bay play

Toronto-based Weaver Lake Explorations (CDN) has optioned a 3,960-acre base metal property in the Garden Lake area, 100 km north of Thunder Bay, Ont. The property consists of two claim groups, about t…


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…


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