LAST BUT NOT LEAST — San Andreas sues Ramrod
TSE-listed San Andreas Resources and some of its shareholders have filed a lawsuit against Consolidated Ramrod Gold (TSE). The litigation concerns an agreement in March whereby Ramrod was to acquire a…
1994
Stewart area an anomaly of activity in idle B.C.
While exploration and development are declining in many parts of British Columbia, the region surrounding the historic mining town of Stewart, B.C., is anything but quiet. The mineral-rich district is…
Gaspe workers sign contract
Unionized workers at the Gaspe Mines division of Noranda Minerals voted recently to accept a new 3-year contract after going on strike for two weeks. The 440 union members voted 58% in favor. The work…
$1.4-billion Falconbridge issue one of the largest in Canada
Strong base metal markets, particularly for nickel and copper, have helped a syndicate of underwriters float one of the largest Canadian equity issues of all time. A prospectus for almost 72 million s…
Altai expands project search
Toronto-based Altai Resources (TSE) is expanding its search for international projects. The junior already has prospects in Canada, the U.S., Guyana, Peru and Ghana — and at the recent annual meeting…
Metall Mining gives Troilus the go-ahead
After deciding earlier this year to shelve the Izok Lake base metal project in the Northwest Territories, Metall Mining (TSE) has given the go-ahead for development of a gold project in northwestern Q…
Firesteel plans drill program
Exploration will begin in mid-July on the Zo lead-zinc-gold-silver property in the Tulsequah region of northwestern British Columbia. The property, owned by Firesteel Resources (ASE), has not been dri…
Minorca financing Terneras work
Vancouver-listed Minorca Resources is issuing 380,000 common shares in a private placement at 79 cents per share. The junior will use the $300,200 in proceeds to complete a feasibility study of its Te…
LAST BUT NOT LEAST — Eurus gets payment extension
Junior Eurus Resource (VSE) has been granted a 4-week extension to pay US$1.6 million owed to Crystallex International. The payment is one of a series Eurus is required to make to maintain its option …
NEWS ROUNDUP — No placement for Minefinders
Toronto-based Minefinders (VSE) will not proceed with the previously announced “best efforts” private placement through Canaccord of 500,000 units at $4.20 per unit. The junior says it is well funded …
NEWS ROUNDUP — Canmine lists on Alberta exchange
Shares of Canmine Resources have begun trading on the Alberta Stock Exchange, having been previously listed on the Canadian Dealing Network. Later this month, Canmine hopes to drill a new target on it…
LAST BUT NOT LEAST — African fund near full investment
The Africa Emerging Markets Fund is expected to be fully invested by the end of 1994. The fund, which will invest primarily in equity and equity-related securities, was created during the second half …