( GCU-PP again sshish NR-NEV, Others Que.)PRR SKE all OTISH, NR just out etc- Good! Also check out New Blue Ribbon ( .com or NBL.CDNX )I will add NBL on Monday :
Prospector Consolidated Resources Inc - News Release
Prospector to acquire claims in Quebec
Prospector Consolidated Resources Inc PRR
Shares issued 1,027,968Jan 17 2002 close $.150
Friday Jan 18 2002 News Release
Mr. Peter Bryant reports
OTISH MOUNTAIN QUEBEC - DIAMOND PLAY ACQUISITION
The company has entered into an agreement to acquire a 100-per-cent interest in a block of claims located in the Otish Mountain diamond area of Quebec as a strategic step in establishing a presence in the emerging Quebec Otish diamond play. The confirmation of title is subject to final approval from the Ministry of Natural Resources Quebec.
The property is situated approximately 45 kilometres west of the recent kimberlite discoveries by Ashton Mining/Soquem and immediately adjacent to the west of Majescor/BHP's Portage property. Majescor has stated that the source of its indicator mineral anomalies may be related to major dikes of Proterozoic age which similarly exist on the company's property. These mafic dike systems signify deep penetrative structural zones of weakness strongly associated with kimberlite emplacement.
Under the terms of the agreement, the company is to acquire a 100-per-cent interest in the claims from Hunter Exploration Group by making an immediate cash payment of $5,000 (done) and a further payment of $20,000 on or before Feb. 1, 2002. In addition, the company is to issue Hunter Exploration Group 200,000 common shares within five business days of the Canadian Venture Exchange approval to the agreement. The claim block is subject to a 2-per-cent gross overriding royalty on diamond production and a 2-per-cent net smelter royalty on the production of any other commodity. Beginning Jan. 16, 2003, the property is subject to a $15,000 annual advance royalty payment.
(c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com
Skeena Resources Ltd - News Release
Skeena acquires 70% interest in Otish Mountains claims
Skeena Resources Ltd SKE
Shares issued 16,392,241Jan 7 2002 close $.090
Thursday Jan 17 2002 News Release
Mr. J. Rupert Allan reports
OTISH MOUNTAINS PROPERTY ACQUISITION
Skeena Resources has acquired a 70-per-cent interest in 11 diamond exploration properties in the Otish Mountains region of Quebec. Seven of these properties, consisting of 52 claims (2,612 hectares), have been confirmed as staked by the Quebec Ministry of Natural Resources, while final confirmation is pending on the remaining four blocks consisting of 88 claims (4,620 hectares).
Recent industry activity in the Otish Mountains district has been rewarded by several diamond exploration successes, most notably by Majescor Resources Inc. and Ashton Mining of Canada Inc. Skeena's newly acquired properties, which are the product of a program started last fall, have all been selected by processing and filtering government aeromagnetic data to identify anomalies indicative of pipe-like sources.
Terms of the purchase agreement call for the issuance of 500,000 shares of Skeena and cash payments of $36,000 to acquire a 70-per-cent undivided equity interest in the claims. The vendor of the properties is Jens E. Hansen of Ottawa. The remaining 30-per-cent equity interest, upon which Skeena will have a partial call option under certain conditions, shall be transferred, for nil consideration, to Beaufield Consolidated Resources Inc. (BFD on the Canadian Venture Exchange) of which Mr. Hansen is president. Beaufield will be carried for its exploration expenditures through to the presentation of a bankable feasibility study. Skeena will be the operator of the project, which will be supervised by one of its directors, Lee Barker, PEng. The agreement is subject to approval by regulatory authorities.
The exciting new Otish Mountains properties will be Skeena's third Canadian diamond exploration project. In southeastern British Columbia, analytical results from core drilling and a mini-bulk sample from Skeena's Ice claims project at Elkford (see news in Stockwatch, Sept. 25, 2001) are expected mid-February. In the Fort a la Corne district in Saskatchewan, analytical results from core drilling of two kimberlites at Weirdale (see news in Stockwatch, Aug. 3, 2001) are expected by mid-March.
(c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com
old url (better for printing)
Jim LOL GCU:
Gold Canyon Resources Inc - Private Placement
Gold Canyon 147,059 share private placement
Gold Canyon Resources Inc GCU
Shares issued 14,042,867Jan 17 2002 close $1.550
Thursday Jan 17 2002 Private Placement
The Canadian Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 8, 2002.
No. of shares: 147,059 shares
Price: $1.70 per share
Warrants: 147,059 non-transferable share purchase warrants to purchase 147,059 shares
Warrant price: $1.70 for a one-year period
Placees: Three placees participated
Insiders: Michael Levinson 44,118, Akiko Levinson 44,117, RAS Capital Corp. 58,824
The company must issue a news release if the private placement does not close promptly. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
(c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com
Chuca Chucka I HATE PPs LOL:
I fill in the blanks to add NBL?
Here's what you need to do:
1) Pick 1 stock that trades on the TSE or VSE that trades for $3.00 or less.
2) List the stock of your choice and if you would like to post the reason for your pick please do so.
3) Each entrant will be deemed to have bought $10,000 worth of that stock. (only whole shares, decimal portions will not be used )
4) Stock has to have traded the Friday preceding the pick.
5) Stock is bought on the Friday closing price and sold at the closing price at the end of the week.
6) All picks "must" be submitted by Monday mornings 2:30 am at the latest.
7) At the close on Friday the stock picker with the highest $ value for his/her pick will be dubbed the "Guru" for that week.
Let's have some fun with this and hopefully we all benefit with some great picks and ideas from the entrants.
Link to the VSE homepage: cdnx.com
Link to the TSE homepage: tse.com
Good Luck
regards, |
