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- SEC target Bandfield admits to money laundering
SEC target Bob Bandfield has pleaded guilty to a $250-million (U.S.) offshore money laundering scheme. Prosecutors said that he was the architect of an operation that aided over 40 manipulations.
- SEC target Verdmont seeks dismissal, claims poverty
SEC target Verdmont Capital SA has asked the judge to dismiss charges stemming from a $75-million (U.S.) scheme. It says that it is nearly broke and that there is nothing to the case.
- Diamond & Specialty Minerals Summary for May 20, 2016
CanAlaska Uranium has landed De Beers as a partner on its Athabasca diamond play in northwestern Saskatchewan. Fjordland Exploration is making Athabasca an area play. Great Thunder Gold is rumbling about a lithium prospect near Whabouchi in Quebec.
- Gold Summary for May 20, 2016
Alexandria Minerals is optioning three of its Quebec gold prospects to Quinto Real Capital. Algold Resources has begun drilling four targets at its Tijirit gold project in Mauritania. Ximen Mining will unload its periphery projects to concentrate on Brett.
- Shell Summary for May 20, 2016
Chris Wolfenberg's capital pool shell, Golden Sun, will roll back 1 for 2 as part of its QT with B.C. barite explorer Voyageur Industrial. Ron Birch's NEX shell, Big Bar, has received conditional TSX-V approval for its acquisition of medical device patents from CVR Global.
- Energy Summary for May 20, 2016
An analyst says Cardinal Energy is more like a shark -- it must keep moving (in this case buying assets) to stay alive. Bellatrix Exploration files a prospectus for potential offerings of up to $500-million. Pine Cliff and Pengrowth enjoy insider buying.
- RBC says it fired former VP Lone for dishonesty
RBC Dominion Securities Inc. says that it fired former VP Rocky Lone because of dishonesty and his failure to disclose a $692,613 debt to the CRA. Mr. Lone also caused $277,373 in improper client losses, according to RBC.
- Diamond & Specialty Minerals Summary for May 19, 2016
Kennady Diamonds has more drilling encouragement at its Kennady North project in the Northwest Territories. Great Atlantic Resources is touting lithium assays at its tungsten project in Newfoundland. Mkango Resources will consolidate and then sell more stock.
- Gold Summary for May 19, 2016
NuLegacy Gold has begun drilling its Iceberg gold project in Nevada. Terrax Minerals has received more assay encouragement from its Yellowknife City gold project. Asanko Gold is deferring a loan payment to speed up an expansion at its Ghana gold mine.
- Shell Summary for May 19, 2016
Marc Cernovitch and David Sidoo's capital pool shell, North South Petroleum, is acquiring an option for 50 per cent of Lithium X Energy's CVL South property in Nevada. The shell is selling $4-million worth of shares at 25 cents.
- Energy Summary for May 19, 2016
Spartan Energy seeks to expand in Saskatchewan by buying Wyatt Oil. Husky Energy reportedly nears deals to sell $400-million worth of assets. NuVista puts non-Montney assets in Alberta up for sale, and Niko Resources has an interesting day.
- CMKM's Edwards no longer fit for trial, lawyers say
CMKM Diamonds Inc.'s John Edwards is seeking another mental competency evaluation, claiming that his health has deteriorated. His lawyers say that he has suffered a seizure and other medical events, and is no longer fit to stand trial.
- Diamond & Specialty Minerals Summary for May 18, 2016
Peregrine Diamonds is drilling for diamonds at Sikwane, in Botswana. Pangolin Diamonds is touting diamonds in Botswana, but is not yet set to drill. MGX Minerals clarified its lithium news. Deer Horn Capital is out of the food business and back to minerals.
- Gold Summary for May 18, 2016
IDM Mining has plenty of targets, but not necessarily the will, to drill in Yukon. Klondike Gold has started drilling at Lone Star in Yukon. Bonterra Resources has another batch of encouraging assays from Gladiator in Quebec.
- Energy Summary for May 18, 2016
EnCana doubles its drilling inventory in the Montney. Trilogy Energy's lenders wrap up their credit facility review, with mixed results. Athabasca Oil closes its joint venture with Murphy Oil and lays out a five-year production plan.
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Stockwatch Canadian Headlines
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- K92 Mining moved to Tier 1
K92 Mining Inc. has moved to Tier 1 of the TSX-V from Tier 2.more...
- Otterburn Resources 1:3 rollback, name change to K92
Otterburn Resources Corp. has rolled back 1:3 and has changed its name to K92 Mining Inc. as part of an RTO in which it has acquired a property in Papua New Guinea.more...
- Resverlogix's apabetalone lowers complement activity
Resverlogix Corp.'s study has shown that its apabetalone treatment slows down the complement cascade process. The company has formed a renal clinical advisory board.more...
- Highmark shareholders approve Lightning Industries buy
Highmark Marketing Inc. shareholders approved, at the AGM on May 20, the acquisition of Lightning Industries Inc. Shareholders also re-elected two directors and elected new director, Kevin Slichter. Shareholders approved all matters tabled.more...
- Atico Mining earns $1.96-million (U.S.) in Q1
Atico Mining Corp. earned $1.96-million (U.S.) on revenue of $12.12-million (U.S.) in the first quarter of 2016. This compares with earnings of $2.41-million (U.S.) on revenue of $13.45-million (U.S.) in the same period last year.more...
- Indigo Exploration 13.75-million-unit private placement
Indigo Exploration Inc. has received TSX-V approval for a 13.75-million-unit private placement at two cents. There are 28 placees, including seven pro groups.more...
- Horizon Petroleum 3.04 million shares for debt
Horizon Petroleum Ltd. has filed with the TSX-V its proposal to issue 3.04 million shares to settle $152,000 in debt.more...
- Quentin name change to Identillect
Quentin Ventures Ltd. has changed its name to Identillect Technologies Corp., which it has acquired in an RTO.more...
- Identillect moved to Tier 2
Identillect Technologies Corp. has moved to Tier 2 of the TSX-V from the NEX.more...
- Identillect 210,000-unit private placement
Identillect Technologies Corp. has received TSX-V approval for a 210,000-unit private placement at 20 cents. There are five placees, including one pro group.more...
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