Overseas Quotes (December 20, 1993)
Bid Ask SOUTH AFRICA (US$) Anglo Amer S.A. 43.88 44.25 Cons Modderfontein 0.18 0.26 Debeers Cons 23.75 24.00 Driefontein Cons 12.62 12.88 Freestate 16.25 16.50 Kloof Gold Mining 11.25 11.38 Rustenburg…
1993
Westminer suit against Seabright before appeal court
Arguments have concluded in the Nova Scotia Court of Appeal in the lawsuit between Westminer Canada and the former directors of Seabright Resources. Westminer is seeking $62 million in damages to comp…
Pickard praises co-operative spirit
A co-operative spirit between the mining industry and government exists in Manitoba, according to the president of Falconbridge. Addressing the business section of the Manitoba Mining, Minerals and Pe…
Menora completes Altai placement
Toronto-based junior Menora Resources (ME) has closed a private placement with parent Altai Resources (TSE). The placement, consisting of 1.6 million shares at 20 cents each, is expected to net $320,0…
Carson raises $12.9 million
A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America. The company reached an agreement with Burns Fry (which will act as lead bro…
Findore options three properties
Findore Minerals (CDN) has acquired three properties in the Shining Tree area of northeastern Ontario. To earn its 100% intereset, the junior must issue 100,000 common shares within 18 months and pay …
Positive results at Audrey lens
Underground drilling at the 1100 lens project in northwestern Quebec indicates mineralization continues at depth. The project, owned by Audrey Resources (ME) and Metall Mining (TSE), is undergoing exp…
Granduc to acquire Farley Lake interest
Toronto-listed Granduc Mining has acquired Golden Band Resources’ (VSE) option to acquire Mingold Resources’ 44.8% interest in the Farley Lake joint venture. Purchase price: $500,000 payable in Grandu…
Asarco swings deal with Mexican firm
U.S. base metal producer Asarco (NYSE) is joining forces with Grupo Industrial Minera Mexico. An agreement will enable Grupo to merge with Mexico Desarrollo Industrial Minero S. A. de C. V. (MEDIMSA),…
NEWS ROUNDUP — Minera Rayrock issues warrants
Junior Minera Rayrock (TSE) is issuing a private placement of 8 million special warrants. Each special warrant, priced at $2.50, will entitle the holder to recieve one subordinate voting share of the …
Regal options bet
Regal Goldfields (CDN) can earn a half interest in Copperquest’s (CDN) Kidd base metal property near Timmins, Ont. In return, Regal must spend $65,000 on exploration and give Copperquest $10,000 cash …
NEWS ROUNDUP — Drill results in from Hislop ground
Final results from a 31-hole program on the Hislop property have been released. Values from the final three holes range from 2.42 grams gold per tonne over 1.5 metres to 6.27 grams over 1.5 metres. Th…