COATS Trading Features (October 10, 1988)
Hectic over-the-counter trading in a non-mining issue startled the COATS market this week, with Air Canada’s costly $12 million public debut shaking the lethargy. Floated at $8 a share with a nudge fr…
1988
Proxy battle at Massive meeting
The board of directors for Massive Resources (TSE) got a surprise at the company’s annual meeting recently in Toronto. President John Sadowski intended to announce at the meeting that he was negotiati…
Editorial Does Manitoba need Inspiration?
Unfortunately, Canada’s policy of contributing public funds to smelter modernization programs nation-wide appears to have run smack into a conflict with our foreign policy with regards to apartheid in…
FINANCING (October 10, 1988)
ONTARIO Markbridge — final rec iss offer 460,000 @ $1.40 per sh to net proceeds $322,000. VANCOUVER Avondale — gross proceeds rec $157,500. Jacqueline Gold — 400,000 sold for gross $160,000. Kyber …
News in Brief (October 10, 1988)
Eastmaque Gold Mines (TSE) has agreed to participate in an exploration program in Papua New Guinea. Over the next six months, Eastmaque will spend $190,000 on the project. For the year ended June 30, …
INSIDER TRADES (October 10, 1988)
Black Cliff — N. Kacira bought 30,000 (Aug) to hold 96,000. Cominco — Teck Corp. bought 1,217,400 (July) to hold 3,995,082. Denison — Estate of S.B. Roman holds 751,244 class A; 826,368 class B sha…
Varna reports results from Baie Verte claims
Some very encouraging drill results have been reported by Varna Gold (VSE) from its Mings Bight property on the Baie Verte Peninsula in Newfoundland. Three separate mineralized horizons have been outl…
Canamax finds high grade zinc
A high grade zinc discovery have been made by Canamax Resources (TSE) on the company’s Mt. Hundere property near Watson Lake, Yukon. The drilling, located two miles north of the company’s Jewelbox Hil…
Metal Prices (October 10, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Oct 4 Oct 3 Sept 30 Sept 29 Sept 28 Copper 1535…
Rouyn, Lac mining gold at Francoeur
Production at a rate of 450 tons per day has officially begun at the Francoeur gold mine, near Rouyn Que., equal partners Rouyn Mining Resources (TSE) and Lac Minerals (TSE) say. For the first six mon…
Granges, Hemlo Gold settle differences
The differces between Granges Exploration (TSE) and Hemlo Gold Mines (TSE) with respect to the 2.2 million shares of Granges recently acquired by Hemlo Gold have been resolved. Now that the dust has s…
20% of Inspiration’s revenues hinge on $130-m. Flin Flon
Ethical investment funds do not hold shares in New York-based Inspiration Resources (TSE), which this week traded in Toronto at about $8. The reason: an indirect connection to two South African mining…