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- SEC target Carrillo looking at $13M (U.S.) penalty
SEC targets Luis Carrillo and Wade Huettel should pay $13-million (U.S.) for aiding a Vancouver-linked boiler room scheme, a judge has recommended. The SEC said that pair helped Canadian brothers John and Benjamin Kirk.
- Diamond & Specialty Minerals Summary for Jan. 20, 2017
Diamcor Mining has upgraded its facilities at Krone-Endora at Venetia to boost its trial mining rates. Lithium Americas has arranged a big financing for its Cauchari-Olaroz lithium project. Saint Jean Carbon is touting plans to use graphene in lithium batteries.
- Gold Summary for Jan. 20, 2017
Columbus Gold is acquiring the Castle gold project, just south of its Eastside project in Nevada. Colorado Resources has a new drill target at Green Springs, in Nevada. Transatlantic Mining has shuffled its management but remains focused on Alder Mountain.
- Shell Summary for Jan. 20, 2017
Casper Bych's capital pool shell, Zidane Capital, is suing its QT target, Trevor Folk's aspiring medical cannabis producer, HydRx Farms. Zidane says HydRx has secretly formed a plan to merge with another company, Harpreet Grover's CannScience Innovations.
- Energy Summary for Jan. 20, 2017
The Lundin-backed Shamaran Petroleum arranges a $36-million financing that will take its share count past two billion. The Lundins will participate. Oryx Petroleum suffers a watery setback in Kurdistan. Northern Blizzard plans to buy back more shares.
- SEC target Randles facing five-year sentence
SEC target Michael Randles should receive the maximum available jail term of five years for his role in the Moneyline Brokers scheme, prosecutors say. He was well aware that the operation was aiding criminal activity.
- Diamond & Specialty Minerals Summary for Jan. 19, 2017
Dunnedin Ventures has big plans for its Kahuna play this year. Great Lakes Graphite has more orders for its micronized graphite. Hudson Resources is raising cash for White Mountain. Niocorp Developments hopes to cut costs at Elk Creek.
- Gold Summary for Jan. 19, 2017
Gold Standard Ventures has received encouraging assays from key areas on its Railroad-Pinion project in Nevada. Golden Predator Mining has been dealt encouraging assays from its 3 Aces project in Yukon. Redstar Gold found promise -- but investors did not -- at Shumagin.
- Shell Summary for Jan. 19, 2017
Calgary accountant Gregory Smith plans to list his first capital pool shell, CanadaBis Capital. The shell is selling a $250,000 IPO at 10 cents. Casino billionaire Lawrence Ho's shell graduate, Maple Peak Investments, is seeking a medical marijuana deal.
- Energy Summary for Jan. 19, 2017
Tamarack Valley enjoys better-than-forecast production in the Viking, courtesy of Spur Resources. Kelt Exploration expands its Montney acreage in B.C. and Alberta. Pengrowth sets a tentative budget for 2017 and continues the hunt for asset buyers.
- Petromin sues Daum, DeCotiis for defamation
Petromin Resources Ltd. has filed a defamation lawsuit against dissidents Tyrone Daum and Ivano DeCotiis. The company claims that the pair falsely accused it of lying and of misleading shareholders.
- Energy Summary for Jan. 18, 2017
Trilogy Energy produces a bit less than forecast in 2016, but says to expect great things in 2017. InPlay Oil pursues a busy Cardium drill program. Horizon Petroleum agrees to acquire French assets from a soon-to-be major shareholder, PMI Resources.
- Diamond & Specialty Minerals Summary for Jan. 18, 2017
Kennady Diamonds is planning larger tests of two Faraday pipes at Kennady North. Lomiko Metals has hit high-grade graphite at La Loutre in Quebec. Cobaltech Mining has received high-grade assays of cobalt at Duncan Kerr in Ontario.
- Gold Summary for Jan. 18, 2017
Granada Gold Mine has received high-grade encouragement from its Granada project in Quebec. Cartier Resources has assays from its Chimo project in Quebec. Rupert Resources has hit high-grade gold at Pahtavaara in Finland.
- Gold Summary for Jan. 17, 2017
Savary Gold and Sarama Resources have assay encouragement from Karankasso, in Burkina Faso. Atac Resources is planning a big drill program at Rackla, in Yukon. Kirkland Lake Gold hit bonanza gold at Fosterville, which it acquired through its takeover of Newmarket Gold.
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