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By Richard Dawson

Increasing global demand for coking coal has initiated several new coal mine developments in northeast BC. These developments are able to take advantage of the currently under utilized infrastructure that was put in place during the 1970?s and 1980?s for the Quintette and Bullmoose coal mines; which includes the Town of Tumbler Ridge, a 1,000km rail line to the coal terminal at Prince Rupert and a road system providing highway access to the town site. Coal within the two foothills regions of BC (north-east and south-east) is mined by open pit truck/shovel methods. Optimized mine plans require a thorough understanding of Rocky Mountain structural geology, attention for access in steep terrain, and a related understanding of the geotechnical conditions that control the stability of pit slopes and waste dumps. Thus there is a requirement to properly integrate mine planning with geotechnical engineering considerations. Many of the technical issues are well understood from experience during the past 30 years of Western Canadian coal mining. The challenge is to ensure that the mine plans are able to take full advantage of these lessons learned. The paper will focus on mine planning and geotechnical design issues to do with high angle-of-repose waste dumps and steeply bedded footwall slopes to illustrate the advantage of properly recognizing the important stability control issues during the early stages of engineering evaluations. Case histories from the existing and planned coal mining operations will be presented.

May 1, 2006

By J. Erik Scheel

Overview ? About Hard Creek Nickel ? Turnagain property ? Proposed power line ? Recent Preliminary Assessment ? Favourable economics ? Property Geology ? Mineralization and metallurgical characteristics of major lithologies ? Development of the acNi (ammonimum-citrate H2O2) technique ? Overview of necessary steps ? Results of the technique ? Conclusions

May 1, 2008

By Gennaro Delisle

"Les Services TMG (Niobec) currently treat a niobium ore in the Chicoutimi area of Quebec. The mineral pyrochlore is present in a carbonatite deposit which assays 5% to 7% apatite.The ore is ground to minus 65 mesh and deslimed at 10 micrometres. Part of the carbonates are floated with a fatty acid emulsion and rejected to the tailings as a first step to ensure the proper conditions for the flotation of the pyrochlore concentrate. The carbonate concentrate is 65% minus 44 micrometres and is composed of dolomite, calcite, 22% apatite and a minor amount of silicates.A laboratory investigation was undertaken to determine the feasibility of extracting apatite from the carbonate concentrate. This led to the development of an economic flowsheet to produce high-grade apatite concentrate. The apatite is depressed with phosphoric acid, and the pH is adjusted at 4.8-5.0 with sulphuric acid. An additional amount of fatty acid is added to permit efficient flotation of the carbonates. 1n a second stage, the silicates left behind with the apatite concentrate can be removed by depressing the apatite with AIC3 while floating the silicates with a secondary amine.The results of the laboratory tests indicate the possibility of producing an apatite concentrate assaying 38.3% P2O5 (83.7% BPL) with a recovery of 66.2%. Pilot-plant tests undertaken at the concentrator yielded a concentrate of 34% P205 and recovery of 76%."

Jan 1, 1981

By G. Begin

"The expansion undertaken at Selbaie in 1985 necessitated an adaptation and expansion of the equipment maintenance system. This paper relates briefly the stages of transformation of the maintenance administrative structures, work methods and tools. The maintenance in a mechanized mine requires an expenditure level in the order of 20% of the total operating cost of the enterprise. Thus, the maintenance organization was modified to apply more computerized planning and follow-up, and the role of preventative maintenance was further advanced.IntroductionAs far as maintenance is concerned at Selbaie, the scenario described herein is a resume of the current situation. Although positive results have been obtained, this outline is in no way a detailed account of a fail-proof maintenance system.Once zone A-I was put into production, the expansion the mine experienced in 1985 had a direct impact on the equipment maintenance system. As centralized as it was in the beginning, the system is now partially decentralized.The over-all changes to the maintenance department demonstrate the flexibility required by organizations in new situations. In spite of the exceptional results obtained before the expansion, it became evident that both the maintenance and production sectors would have to be combined. In doing so, a more appropriate coordination of maintenance work could be obtained and the maintenance staff would obtain a more detailed knowledge of the equipment in each sector. In addition, by keeping the general and specialized departments centralized, it was possible to offset the negative effect s of a decentralized system, namely too much manpower."

Jan 1, 1990

By C. R. Edwards

"Equity Silver Mines Limited, Canada's largest silver mine, has designed, built and operated a leach plant to reduce the levels of antimony and arsenic in its silver-gold-copper flotation concentrate. The orebody contained deleterious antimony and arsenic minerals in such proportions that the economic long-term sales contracts necessary to obtain project financing could not be procured. Construction of the leach plant therefore allowed development of the mine to proceed. Although the plant took some time to reach design throughput and product specifications, due to the complex and unique nature of the operation, these goals were successfully met and surpassed. This paper describes the physical plant and/or process technology modifications made to mold the main processes-concentrate leaching and filtering, autoclaving and filtration of by-products, and crystallization of salt cake-into an effective, economic operation.IntroductionEquity Silver Mines Limited, a member of the Placer Development Group, owns and operates an open-pit silver mine and related facilities located 37 kilometres southeast of Houston in north-central British Columbia. The mine occupies a 44 I-hectare (1089 acre) site at an elevation of 1300 metres (4265 feet) on the Nechako Plateau. Producing a copper concentrate containing high values of silver and gold, it is the largest silver mine in Canada and one of the largest in the western world. Equity stresses open communications, positive motivation, and production with safety, and achieved the best mine safety record in western Canada in 1984."

Jan 1, 1985

By E. Mohammadi Zahrani

In this study, Mg-doped fluorapatite (Mg-FA) nanopowders were prepared through a sol-gel, technique and characterized. Designated degree of Mg2+ ions incorporation into the apatite structure was indicated by the x value in the general formula of (Ca10-xMgx (PO4)6F2), where x=0, 0.25, 0.5, 0.75, and 1. XRD, AAS, FTIR and TEM techniques were utilized to characterize the synthesized nanopowders. In vitro bioactivity of the powders was evaluated in simulated body fluid. Powders had a crystallite size less than 100 nm. It was concluded that Mg-substitution could alter bioactivity and dissolution behaviour of Mg-FA. These two parameters were proportional to magnesium content of the powders.

Jan 1, 2010

By Tao Long

Recently, the great amount of funds has been invested in the reconstruction of damaged infrastructure and house of subsidence area of coal mine and mine reclamation. This is a benevolent and popular work, which is highly praised. However, because of complicated collapse area problems in China, especially the less integrated control research in the collapse area of metal mine, and the technological weakness, how to effectively control the subsidence area, restore landscape and ecological environment, and utilize the abandoned mine land, are major issue related to the mining area of sustainable development. The research situation about the formation of metal mine collapse area at home and abroad is reviewed, and then the effect of the collapse area on the mine safety and ecological environment, the existing technical problems and development direction are analyzed. Lastly, the technical measures of the collapse area control and cooperative underground mining is put forward.

Oct 1, 2010

By Jian Deng, Haitian Sun, Zengqian Hou, Shuhe Song

"Abstract - Volcanogenic massive sulfide (VMS) deposits, an important base-metal deposit type in China, occur widely in submarine volcanic districts of variable magmatic affinities. These VMS deposits range in age from Archean to Mesozoic, but most are in Proterozoic and Paleozoic sequences. More than 60% of VMS deposits formed in the Paleozoic, the most important metallogenic eon. Three important Paleozoic VMS-metallogenic provinces include Northern Qilian, Sanjiang and Altai provinces. The Proterozoic constitutes the next important era, but with no VMS deposits in the middle Proterozoic. VMS deposits associated with the Proterozoic volcanic rocks occur around the Yangtze Platform and in the western Kunlun-Qinling. The Triassic is third in importance, with VMS deposits concentrated in the Sanjiang Tethys. The Archean has only one VMS deposit, on the northern margin of the Sino-Korea Platform.Five distinct compositional classes of Chinese VMS deposits have been distinguished: Cu, Cu- Zn (or Zn-Cu), Cu-Fe, Zn-Pb-Cu, and Pb-Zn (-Cu). The Cu, Cu-Co, and Cu-Zn types of deposits occur sporadically from the Archean to Paleozoic, and are closely associated with mafic and ultramafic volcanic sequences. The Zn-Pb-Cu and some Cu-Zn type deposits are restricted to the Paleozoic and Triassic, and are hosted by calc-alkaline felsic rocks in bimodal basalt-rhyolite sequences, whereas Cu-Fe and Pb-Zn type (except for the Laochang deposit) deposits are restricted to the Proterozoic and occur in calc-alkaline volcanic sequences. As large quantities of marine mafic volcanic rocks were deposited in western China, Cu and Cu-Zn deposits are major types of Chinese VMS deposits.Chinese VMS deposits formed in a wide range of paleo-tectonic settings and depositional environments, such as island-arcs, rifts, aulacogens, and ocean ridge hot spots. Among these, the rift and back-arc environments are the most important, containing about 60% of Chinese VMS deposits. Aulacogens are a subordinate environment where most of the Proterozoic VMS deposits formed. The oceanic ridge and hot-spot systems are common in the tectono-magmatic domains in China, but contain only a few small Cu and Cu-Zn type VMS deposits.The Chinese VMS deposits have usually been influenced by both deformation and metamorphism to various degrees, resulting in changes in the shape and metal distribution. Seven representative deposit styles have been recognized: sheets, sheet plus strata-bound stringer, cyclically zoned deposits, mounds, mound-like deposits, strata-bound stringer-disseminated, and stockwork-disseminated deposits. The formation of these various styles of deposits is controlled by several key factors, such as lithology and permeability of the host rocks, focused or unfocused discharge, temperature and chemical composition (e.g., salinity) of hydrothermal fluids, as well as depth of seawater."

Jan 1, 1999

By François Robert

The rate of new mineral discoveries in Canada has been declining in the last two decades. In response to the challenge and to stagnating investments in mining-related R&D, twenty Industry partners, supported by PDAC and Natural Resources Canada, established in 2010 the Exploration Innovation Consortium (EIC). This Consortium seeks to promote the discovery of new resources in Canada through coordination and sponsorship of industry-focused innovative and collaborative research and technology development, as well as training and education in mineral exploration. The two main themes of the integrated R&D program focus on exploration targeting in Deep and Mature Environments and in Remote and Covered Terranes.

May 1, 2011

By G. M. Ritcey, A. W. Ashbrook

"This paper summarizes the optimum leach conditions for each Of several cobalt-containing arsenical feed materials, describes the solution treatment prior to purification of cobalt recovery, and discusses the plant operation on one feed as well as the treatment of effluents.IntroductionDuring the period 1962-1964, when the demand for uranium was low, Eldorado Mining and Refining Limited (Eldorado Nuclear Limited) made a decision to undertake a three-year diversification program. One area chosen in this program was that concerned with the processing of cobalt-nickel materials. Many such materials were evaluated over the three-year period, ranging from tailings, residues, ores, concentrates and speiss to metal scrap. Cobalt feed materials, on which much of the effort was concentrated, were those containing arsenic together with other metals such as silver, copper, nickel and iron. This paper describes the treatment of arsenic-bearing feed materials (ranging from 0.3 to 570/0 As) and the subsequent purification stages required before the separation and recovery of high-purity cobalt. Because of the current interest in treating cobalt ores, it seemed appropriate that the information on the treatment of various cobalt feeds should now be made available . Although a large amount of data were generated during the research and process development program, a complete scientific correlation and understanding could not be achieved. Nevertheless, the data may provide a guide to others involved in processing not only cobalt, but other arsenical ores."

Jan 1, 1981

By Keith C. Hendrick

"Metal prices are frequently the most critical and least predictable element in determining the profitability of mining operations. Short -term fluctuations can be offset in varying degrees by hedging or other market actions. Such solutions are not practical for the longer term, The paper investigates the nature and extent of metal price risks and evaluates methods to reduce them.IntroductionIt is management's responsibility to improve the odds by managing the-risks by identifying them clearly, assessing them accurately, minimizing them where possible-and, then, timing decision s success fully.In determining the profitability of current operations, preparing forward plan s or developing feasibility studies for new projects or expansions, pr ices are usually the most critical input. Being market determined rather than cost based, they can also be the most unpredictable As a result, commodity prices are frequently the greatest of all risk factors.Nature of Commodity PricesThe cyclical nature of commodity prices is well known. They are stable only when supply is in balance with demand and forecast to remain that way. An imbalance on either side of the equation can lead to a price reaction completely out of proportion to the actual or perceived surplus or shortage.This exaggeration arises through the cumulative effect of market forces. When the market senses an uptrend, consumers buy for the expected increase in activity. They also seek additional quantities for inventory before price s rise. Merchants defer spot sales anticipating higher price s, speculators go along for the same reason, and producers raise prices in response to demand. Events tend to confirm the expectation of each party and strengthen their reaction causing prices to move higher."

Jan 1, 1983

By I. S. Zajac, Y. O. Oyediran, M. C. Robart

This paper presents an overview of the metallurgical work on the Strange Lake Alkalic Complex (SLAC), from historical development of the "Main Zone" to present day develoment of the "B Zone". The SLAC, originally discovered by the Iron Ore Company of Canada (IOC) in the northeastern Canadian Shield of Québec and Labrador, is one of the world’s largest deposits of rare earth elements (REE) including yttrium and high field strength elements (HFSE) including zirconium, niobium, and titanium. It is part of a Precambrian, post-tectonic complex of peralkaline granites which intruded along the contact between gneisses and monzonites of the Churchill Province of the Canadian Shield. Mineralization of interest at Strange Lake principally occurs within peralkaline granite-hosted pegmatite and aplite sheets and, to a lesser degree, within the host granites, particularly in intra-pegmatitic granites. The highest grade and metallurgically most favorable mineralization is in the upper, open pit mineable parts of the SLAC. Metallurgical development has been conducted under a number of mining companies, and various value metals have been targeted throughout the history of the deposit, including yttrium, zirconium, niobium, and rare earths. Historic processing routes tested have included ore beneficiation, atmospheric leaching, solvent extraction (SX), and metal precipitation. This paper also presents the metallurgical development supporting Quest Rare Minerals Ltd.’s (Quest) 2013 Pre-Feasibility Study (PFS) and 2014 Preliminary Economic Assessment (PEA).

Jan 1, 2014

By Steve R. McCutcheon, Cees R. Van Staal, John P. Langton, Leslie R. Fyffe

Abstract -The volcanic-dominated Tetagouche Group in northern New Brunswick contains numerous massive-sulfide deposits and intimately associated metalliferous sediments. The massive sulfides are generally hosted by Llanvirnian-Llandeilian volcaniclastic sedimentary rocks of the Nepisiguit Falls, Patrick Brook, and Boucher Brook formations. These formations are intercalated or closely associated with rhyolitic-dacitic flows and/or domes, and minor continental tholeiites of the Flat Landing Brook Formation. Pyroclastic rocks are relatively scarce in the silicic volcanic complex. Tuffites and epiclastic sandstones, of the Nepisiguit Falls and Patrick Brook formations, respective­ ly, generally occur along the fringes of the silicic volcanic complex. The flows and tuffites are intruded by quartz- and feldspar-phyric rhyolite (porphyry) dykes, sills, and domes. Although the volume of the silicic volcanic complex is large, evidence for a previously proposed collapsed-caldera model is lacking. On the basis of host-rock type and stratigraphic position, the sediment-hosted massive sulfides have been divided into three groups: the Brunswick-, Caribou- and Halfmile Lake-type deposits. Syngenetic feeder pipes and asociated alteration zones are generally not present beneath the Caribou- and the Halfmile Lake-type deposits and, if present at all, are poorly developed underneath the Brunswick-type.

Jan 1, 1992

By Steve R. McCutcheon, Cees R. Van Staal, John P. Langton, Leslie R. Fyffe

The volcanic-dominated Tetagouche Group in northern New Brunswick contains numerous massive-sulfide deposits and intimately associated metalliferous sediments. The massive sulfides are generally hosted by Llanvirnian-Llandeilian volcaniclastic sedimentary rocks of the Nepisiguit Falls, Patrick Brook, and Boucher Brook formations. These formations are intercalated or closely associated with rhyolitic-dacitic flows and/or domes, and minor continental tholeiites of the Flat Landing Brook Formation. Pyroclastic rocks are relatively scarce in the silicic volcanic complex. Tuffites and epiclastic sandstones, of the Nepisiguit Falls and Patrick Brook formations, respectively, generally occur along the fringes of the silicic volcanic complex. The flows and tuffites are intruded by quartz- and feldspar-phyric rhyolite (porphyry) dykes, sills, and domes. Although the volume of the silicic volcanic complex is large, evidence for a previously proposed collapsed-caldera model is lacking. On the basis of host-rock type and stratigraphic position, the sediment-hosted massive sulfides have been divided into three groups: the Brunswick-, Caribou- and Halfmile Lake-type deposits. Syngenetic feeder pipes and asociated alteration zones are generally not present beneath the Caribou- and the Halfmile Lake-type deposits and, if present at all, are poorly developed underneath the Brunswick-type.

Jan 1, 1992

By M. Bryson, A. E. Brady, W. Dawes, G. Beer, N. Sehlotho

Mkango Resources Limited is developing the Songwe Hill Rare Earth Element Project in southeast Malawi. Since being awarded the exclusive exploration licence for the project in January 2010, Mkango has completed an extensive work programme including detailed mineralogical studies, geological mapping, geochemical sampling and trenching, environmental and social studies, two phases of diamond drilling, and extensive metallurgical test work. In October 2012, the company announced a NI 43-101 compliant mineral resource estimate comprising an Indicated resource of 13.2 million tonnes grading 1.62% total rare earth oxides (TREO) and an Inferred resource of 18.6 million tonnes grading 1.38% TREO. The Indicated mineral resource estimate formed the basis for commencement of the Preliminary Feasibility Study (PFS). The mineralogical program identified the fluorocarbonate mineral, synchysite, and the phosphate mineral, apatite, as the primary rare earth element (REE) bearing minerals. Extensive flotation testwork conducted at Mintek in South Africa has resulted in an effective regime to increase the REO grade 2.6 times. Initial leaching testwork by Mintek identified that a selective hydrochloric acid (HCl) leach can target the gangue minerals with minimal REE dissolution. Recent testwork undertaken at Nagrom in Western Australia has expanded on this work to develop a two stage HCl leach process incorporating HCl recycling. A downstream processing route of purification and cerium rejection to produce a cerium depleted high grade REE concentrate suitable as feed to a separation facility is proposed.

Jan 1, 2014

By Jocelyn Koshinsky

The uranium milling process at the Key Lake Operation of Cameco in Northern Saskatchewan, Canada results in the leaching of untargeted metal(loid)s such as arsenic, iron and nickel that are found at high concentrations in the ores. To mitigate the environmental impact of the leached As, Fe and Ni in the mill waste solution (raffinate), the pre-discharge mine tailings (rafffinate and residue) are neutralized with slaked lime, resulting in the formation of secondary As-, Fe- and Ni-bearing mineral phases which serve to control their concentrations to very low levels in the tailings porewater. As part of an ongoing investigation into the long-term evolution (10,000 year) of arsenic mineralogy in the Deilmann Tailings Management Facility (DTMF) at Cameco?s Key Lake Operation, it has become necessary to characterize secondary As-bearing mineral phases during the neutralization process prior to the discharge of the tailings and compare these to in situ As-bearing mineral phases in the tailings facility. This is primarily to determine if changes have occurred over time to As-bearing mineral phases in the tailings facility as well as to investigate whether alternate neutralization techniques may have a beneficial effect on the stability of mineral phases formed. Thus a bench-scale model was developed and preliminary testing conducted to simulate the mill neutralization process (i.e. neutralization of synthetic raffinate solutions with incremental amount of slaked lime to terminal pH values). The resulting ?tailings? (precipitates and supernatant) were then separated and analyzed. XRD analysis of the precipitates shows that the Fe occurred mostly as ferrihydrite. This was complimented with results from Raman spectroscopy which further indicated that the As appeared adsorbed onto the ferrihydrite. Results of geochemical modeling of the bench-scale test compared well with supernatant profiles from ICP-MS analysis.

Aug 1, 2010

By L. J. Visentin, J. G. Rickaby

"Audiometric testing is a key element in hearing conservation in the mining environment. This paper gives the history of the audiometric testing program carried out by Inco Metals Company, including the program objectives the personnel and equipment involved, calibration and testing, the test procedure, and the classification and evaluation of the test results.IntroductionThe operations of the Ontario Division of Inco Metals Company are located primarily in the Sudbury District. They also include a refine ry at Port Colborne and a mine and concentrator at Shebandowan near Thunder Bay.The company operates nine underground mines, and one open pit, while maintaining six underground mines on a standby basis. Ore from these operations is processed in four concentrators. The metallurgical facilities include a smelter, a matte processing plant, a copper refinery, a nickel refinery and an iron ore recovery plant at Sudbury, and a nickel refinery at Port Colborne. Inco Metals currently mines roughly 9,000,000 tons annually and produces IS elements.Excessive noise in the work place has been a serious problem in the mining industry since the introduction of compressed-air-powered machinery in the last century. At the same time, growing levels of noise inherent in our social environment can threaten the hearing of employees and their families.Only in the last 20 years, however, has the extent of this problem and its implications for people working in the industry and their families been recognized. Since the industry has become aware of the situation it has taken steps to implement comprehensive noise reduction and hearing conservation programs."

Jan 1, 1982

By Bruno Bussière

Acid Mine Drainage (AMD) from mine wastes is one of the most environmental challenge currently facing the mining industry. AMD is the result of the natural oxidation of sulphides exposed to air and water. When mining wastes have the potential to produce AMD, these reactive wastes have to be managed to meet existing environmental regulations. The LTA site (property of Barrick Gold Corp.) contains sulphide tailings that have the potential to generate AMD. The closure option Barrick selected was to construct a multilayered cover with capillary barrier effects (CCBE). The main objective of this CCBE is to prevent the production of Acid Mine Drainage (AMD) from the tailings stack covering an area of approximately 60 ha. Since its construction in 1996, the cover has been monitored to evaluate its performance. Two of the measured parameters are volumetric water content and matrix suction. This paper presents some of the main results from the monitoring program that started seven years ago. The results show that the cover is largely able to maintain a high degree of saturation (greater than 85%) in the moisture-retaining layer. The actual performance of the CCBE on the flat surface of the 60 ha site is even better than expected at the design stage. The area that requires more specific attention with the LTA cover is the influence of slopes that can reduce the performance of the CCBE during dry periods. However, these effects seems to be local and do not significantly affect the overall performance of the CCBE to mitigate the production of AMD at the LTA site.

May 1, 2003

By M. Phylli Bray

"Mining has the reputation of being a very ""macho"" industry. Recently, wider educational opportunities for women in nontraditional occupations and changes in mine technology have combined to make mining a viable career choice for women also. To benefit from this new resource, the mining industry faces the challenge of developing a different work environment from the one now burdened with sexism. Management supported initiatives are needed to facilitate such a transformation. The same rethinking of gender attitudes might also be extended to mining women in their traditional role as ""wife of"". The assumption that the male worker's wife is an unpaid adjunct is being questioned. It is suggested that women's separate concerns both as helpmate and as part of the mining workforce should be considered when planning for mining into the 21st century.IntroductionI must confess that, during the preparation of this paper, there have been many moments when I questioned my temerity. After all, I am not male, I am not an engineer, and I have never had a position in mine management. But as the wife of a mining engineer and a long-time resident of Northern Ontario mining towns, I do have an interest in the mining industry. This interest has had little to do with the technical and management aspects of the industry. Instead my research has been concerned with the impact the mining industry has on the people involved, particularly women, whether directly as employees or indirectly as wives. As I look toward the 21st century, I believe that the whole question of gender relations in the mining industry is one of the critical management issues smouldering below the surface."

Jan 1, 1995

By Robert B. Parsons

"1984 was an eventful year in the courthouse f or observers 0/ the mining tax scene in Canada. For the first time in a number of years, the Federal Court heard several important tax cases which pertain directly to the resource industries. Tax Notes discusses/our cases that could affect the taxation 0/ operations and investment in the mining sector.Capital Gain or Income?Ever since tax reform, risk-takers in the exploration business have maintained that the taxation of capital gain s is a significant impediment to raising risk capital. It must be akin to rubbing salt in the wound, then, when an entrepreneur sells shares and the Court upholds Revenue Ca nada taxing the gain as ordinary income instead of capital gain. But, this is precisely what happened in the case of The Estate of Murray Watts, et al. v. The Queen.The issue that had to be decided by the Federal Court, Tri al Division, in this case was whether or not the profit from the sale of shares in Hearne Coppermine Exploration s Limited in 1968 was a capital gain, or income subject to tax.Hearne was incorporated in July, 1967. At that time, the three plaintiff s, together with seven other individuals, subscribed for 400,000 shares at 10 a share. The plaintiff subsequently subscribed for an additional 500,000 shares at $1.A pooling agreement was entered into by all ten shareholders regulating the disposition of any o f their shares; any sale required approval of seven of the ten initial sub scribers. It also provided for the sale of their shares 30 days after any public offering."

Jan 1, 1985