Printer Friendly

$33 million bid for Pamour Inc.

$33 million bid for Pamour Inc.

Royal Oak Resources Ltd. of Vancouver is expected to pay $33 million to Australian-based Giant Resources Ltd. for Pamour Inc.

The sale, which is expected to close on or before Sept. 27, includes the ERG Resources gold-from-tailings recovery mill in Timmins.

According to the Canadian Mines Handbook, the company also holds a 41.8-per-cent interest in Giant Yellowknife Mines Ltd. and 40 per cent in Pamorex Minerals Inc. - which owns several properties in the Timmins area.
COPYRIGHT 1990 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Mining News
Publication:Northern Ontario Business
Date:Aug 1, 1990
Previous Article:Trade publications feel brunt of postal subsidies cut.
Next Article:Access road contract award.

Related Articles
Timmins building upon its solid base in mining.
Royal Oak purchasing interest in area claims.
Prospectors voice concern over handling of tailings spill.
Kinross invests in exploration. (Mining News).
Kinross, Placer Dome join forces: partnership increases gold mining life by 20 years. (Mining).
Job losses offset by gains in mining; economic upturn "long overdue".
Pamour slated for production in 2005.
Shops scramble to fill labour needs amidst flurry of activity.
Large operators take root in Timmins.
Joint Venture has big plans for pair of properties.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters