High River closes $12 m placement
Junior gold explorer High River Gold Mines (TSE) has raised $12.1 million by selling 5 million special warrants. Each special warrant is exchangeable for one share, or 1.1 share if a final receipt is …
1994
Monarch enters into agreements
Two separate agreements have been reached by Monarch Resources (TSE) which allow the company to acquire interests in a Venezuelan property and Argentine properties. Monarch signed a letter of intent w…
Summo makes plans for copper prospects
With an initial public offering in the works, Summo Minerals plans to begin drilling its Lisbon Valley property in San Juan Cty., Utah, about 45 miles southeast of here. The company was formed to purs…
Toronto Stock Exchange Indices (August 22, 1994)
— 1994 — Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 High Low Composite “300” 4202.79 4169.73 4175.14 4174.68 4205.08 4609.93 3518.31 Metals&Minerals 3825.26 3800.52 3832.66 3845.35 3907.92 3996.08 3273.56 I…
LETTERS TO THE EDITOR — Non-destructive evaluations can
Further to the letter by Christopher Jennings on the problems inherent in acquiring diamond counts from samples (T.N.M., Aug. 8/94), I would like to suggest that there is indeed a way to quantify the …
Disclosure rules enable compensation comparisons
As demand for capital by corporations has increased, so too has the demand for relevant information by investors to judge the value of their holdings. Largely for this reason, Ontario’s Ministry of Fi…
NEWS ROUNDUP — Strike ends at Santa Gertrudis
An initial collective bargaining agreement has been ratified between Campbell Resources (TSE) and workers at the company’s Santa Gertrudis gold mine in northwestern Mexico. Operations were suspended o…
Greenstone raises project funding
Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million. The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The…
New legal action against Westminer
A group of Nova Scotian investors representing Cavalier Capital Corp. has initiated legal action against Westminer Canada and six other defendants. The investors claim to have suffered an $8-million l…
Miramar plans Talapoosa takeover
A new suitor has turned up for the Talapoosa heap-leach gold-silver property in Lyon Cty., Nev. Miramar Mining (TSE) plans to acquire Talapoosa through a merger with the property’s owner, Athena Gold …
Joutel and Teck complete Cuban deal
Two TSE-listed companies, Teck and Joutel Resources, have reached an agreement to develop the latter’s exploration lands in Cuba. In accordance with the agreement, Teck has bought 1.5 million subordin…
INSIDER TRADING — Cons. Ramrod officers buy and sell shares
Three senior officers and one director of Consolidated Ramrod Gold (TSE) bought and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director Allan Frame bought 2,00…