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- Shell Summary for Feb. 23, 2017
Michael England's capital pool shell, BTU Capital, arranges an Ontario gold property deal for its QT. The shell is selling a $750,000 private placement of two million FT shares at 10 cents and 11 million units at five cents.
- Diamond & Specialty Minerals Summary for Feb. 23, 2017
Dominion Diamond expects a solid year mining Ekati, but it needs better rough diamond prices. Clean Commodities is acquiring an interest in the Manitou lithium project in Quebec. Lithium X Energy has a ponding plan at Sal de los Angeles.
- Gold Summary for Feb. 23, 2017
New Gold is raising more cash to cover higher costs at Rainy River in Northwestern Ontario. Midas Gold has a promising new assay from Yellow Pine, at Stibnite in Idaho. Satori Resources has updated its resource estimate for Tartan Lake in Manitoba.
- Energy Summary for Feb. 23, 2017
Crescent Point Energy denies rumours that activists are targeting the stock. Surge Energy re-enters the Alberta Montney. Serafino Iacono, the promoter behind PMI Resources' reverse takeover target, reportedly eyes opportunities in Argentina.
- Valeant ex Tanner pleads not guilty in New York
Valeant Pharmaceuticals Inc.'s former VP, Gary Tanner, has pleaded not guilty to criminal charges stemming from a kickback scheme. Prosecutors claim that he engineered Valeant's disastrous relationship with on-line pharmacy Philidor.
- SEC target Miyana asks judge to spare him jail
SEC target Maroof Miyana has asked a New York judge to sentence him to one year of home confinement for his part in the Forcefield Energy Inc. scheme. Prosecutors said that Mr. Miyana, a former broker, accepted kickbacks to put clients into the stock.
- Diamond & Specialty Minerals Summary for Feb. 22, 2017
Rockwell Diamonds has closed its sale of two disappointing mines. It hopes to do better at two others. Cobaltech Mining has its eye on a cobalt refinery in Ontario. Vanadiumcorp Resource has a new adviser. Canada Strategic Metals is raising cash.
- Shell Summary for Feb. 22, 2017
Ted Geier and Karen Stewart's capital pool shell, Trusted Brand, plans to launch Mike Holmes's home-building service companies for the shell's QT. Mr. Holmes is a TV host for home renovation shows, such as HGTV's Holmes on Homes.
- Gold Summary for Feb. 22, 2017
Primero Mining has revised its reserve and resource estimates. Aurvista Gold has new assays from Douay in Quebec. Integra Gold has more high-grade gold at Triangle, on its Lamaque property in Quebec.
- Energy Summary for Feb. 22, 2017
Canadian gas producers see TransCanada revive its mainline proposal, this time with a flat toll. Refiners reportedly like Africa Oil's crude. The Lundins look to take International Petroleum to the TSX, and Pengrowth Energy continues to wrestle with debt.
- IIROC bans Austin, fines him $280,000
IIROC has imposed a permanent ban and $280,000 in sanctions on former Manulife Securities Inc. employee Jeremy Austin. He caused $400,000 in losses in the accounts of a retired couple while generating large commissions, the regulator said.
- Shell Summary for Feb. 21, 2017
Rick Wilson and Ross MacLachlan's capital pool shell, Lions Bay Capital, plans to acquire Pan Andean Capital for the shell's QT. The target is an investment holding company in Melbourne.
- Diamond & Specialty Minerals Summary for Feb. 21, 2017
Tsodilo Resources has started the preliminaries of a bulk sample at BK-16 in Botswana. Lithium X Energy has retracted more comments about Sal de los Angeles in Argentina. Tantalex Resources is getting set for a geophysical survey at Buckell in the Congo.
- Gold Summary for Feb. 21, 2017
Marathon Gold has a new resource estimate for a key part of its Valentine Lake gold project in Newfoundland. Perseus Mining has revised its resource and reserve estimates for Edikan in Ghana. Pilot Gold plans drilling later this year at Black Pine in Idaho.
- SEC seeks $19.2-million (U.S.) judgment for Verdmont
The SEC has asked for a judgment of at least $19.2-million (U.S.) against defunct Panamanian brokerage Verdmont Capital SA. The firm facilitated multiple pump-and-dumps while ignoring many red flags, the SEC says.
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