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- Shell Summary for Jan. 13, 2017
Joanne Yan has reduced the IPO for her third capital pool shell, Avanco Capital. It is selling $400,000 worth of shares at 10 cents, down from $500,000. Michael Evans has replaced Hunter Wang as a director of the shell.
- Energy Summary for Jan. 13, 2017
MEG Energy's debt refinancing wins a nod of approval from Moody's. U.S. Oil Sands overhauls its board and says to expect PR Spring production by the end of the quarter. Ithaca Energy brushes off yet another delay at Stella and makes plans for 2017.
- Diamond & Specialty Minerals Summary for Jan. 13, 2017
Arctic Star Exploration has raised more cash for projects old and new. Deer Horn Capital needs more cash. Saint Jean Carbon has started drilling for graphite somewhere in southwestern Quebec. Cypress Development has a solubility study.
- Gold Summary for Jan. 13, 2017
AuRico Metals has an updated resource estimate for its Kemess East deposit in northwestern British Columbia. Alexandria Minerals has begun a big drill program at Cadillac Break in Quebec. Sabina Gold and Silver Corp. got good news from the government about Back River.
- SEC target Mulholland asks for light jail term
SEC target Gregg Mulholland, awaiting sentencing for his part in a $250-million (U.S.) fraud, has apologized for his actions and asked for a light prison term. He has also requested a transfer to Canada.
- Diamond & Specialty Minerals Summary for Jan. 12, 2017
New Nadina is still keen on Monument, but it is still broke. Rock Tech Lithium has discovered another lithium-bearing pegmatite on Georgia Lake in Ontario. Dajin Resources has lithium assays from Gabbs Valley in Nevada.
- Shell Summary for Jan. 12, 2017
Neil Woodyer and Frank Giustra's NEX-listed Leagold Mining, plans to buy Goldcorp Inc.'s Los Filos mine in Mexico. Leagold will pay $279-million (U.S.) and issue $71-million (U.S.) worth of shares for the mine. It will soon arrange debt and equity offerings.
- Gold Summary for Jan. 12, 2017
Galway Metals has received assay encouragement from its Clarence Stream project in New Brunswick. Blackrock Gold has a new CEO and apparently has a new strategy as well. Newcastle Gold has more assays from Castle Mountain in California.
- Energy Summary for Jan. 12, 2017
MEG Energy unveils its refinancing plans and becomes the third producer in two months to proceed with an expansion in the oil sands. Chinook Energy prepares to say goodbye to three directors. Renaissance Energy enters its fifth block in Mexico.
- Great Basin debentureholders drop lawsuit
Great Basin Gold Ltd.'s former directors and officers are no longer facing a lawsuit from a group of debentureholders. The group had claimed that the company misrepresented its purported $1.3-billion (U.S.) in assets.
- Shell Summary for Jan. 11, 2017
Andy DeFrancesco's shell, Santa Maria Petroleum, launches the cannabinoid drug developer Kalytera Therapeutics. Gary Zak's shell, CBD Med Research, drops its deal with medical device maker Medipacs Inc. The shell says Medipacs wants to get more money and give fewer perks.
- Energy Summary for Jan. 11, 2017
Initial results from Front Range's Pepper project leave a bitter taste in investors' mouths. Blackbird Energy promises production by month-end from its Elmworth project. Strategic Oil decides to raise $5-million, mere weeks after raising $40-million.
- Gold Summary for Jan. 11, 2017
Balmoral Resources has received encouraging assays from its Detour Trend project in Quebec. American Creek Resources and Tudor Gold have completed a small bulk test of Electrum and they plan a bigger test this year. Pure Gold Mining has begun drilling Madsen.
- Diamond & Specialty Minerals Summary for Jan. 11, 2017
Gem International Resources is raising cash to help acquire Dala, an Angolan diamond project. Stans Energy is seeking cash to acquire a Russian lithium project. Pure Energy Minerals is acquiring a lithium project in Argentina.
- Valeant ex Tanner negotiating with prosecutors
Valeant Pharmaceuticals Inc.'s former executive, Gary Tanner, could be headed for a plea agreement. Court filings indicate that he and his co-defendant have been in talks with prosecutors.
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