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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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- Tier One closes $4.37-million in debt financings
Tier One Capital LP closed three high-yield debt financings in April and May for a total of $4.37-million. As well, Tier One has filed its 2015 executive compensation disclosure on SEDAR.more...
- Arianne Phosphate talks appointments in Q1 report
Arianne Phosphate Inc. has summarized its chairman and CEO appointments in its Q1 2016 report. The company had working capital of $87,357 at March 31, 2016.more...
- Gulf & Pac refinances mortgages for Alberta malls
Gulf & Pacific Equities Corp. has refinanced mortgages for its St. Paul Shopping Centre and Tri-City Mall in Alberta. The refinancing replaces the existing mortgages of the malls, and the interest rate remains the same at prime rate plus 1.5 per cent.more...
- Eloro Resources sells Val d'Or royalties for $82,000
Eloro Resources Ltd. has sold its NSR royalties in the Val d'Or gold mining camp for $82,000. The royalties include a 1.5-per-cent NSR on Monarques Resources Inc.'s properties and a 0.5-per-cent NSR on the Louvicourt property.more...
- UEX drills 9.8 m of 9.3% U3O8 at Christie Lake
UEX Corp. has drilled 9.8 metres of 9.3 per cent triuranium octoxide at its 10-per-cent-held Christie Lake project. It has also drilled two metres of 43.71 per cent U3O8. It will begin a $2.75-million drill program in early June.more...
- Blackhawk Resource talks interest income in Q3 report
Blackhawk Resource Corp. had interest income of $87,091 on its debt portfolio in the third quarter ended March 31, 2016. The company had $3.72-million in working capital and held $2.75-million in current investments at March 31, 2016.more...
- Cub Energy earns $1.45-million (U.S.) in Q1 2016
Cub Energy Inc. earned $1.45-million (U.S.) on petroleum and gas revenue of $1.45-million (U.S.) in Q1 2016. The company lost $1.22-million (U.S.) on petroleum and gas revenue of $1.77-million (U.S.) in Q1 2015.more...
- Northern Power Systems to restate revenues
Northern Power Systems Corp. will restate its revenues of fiscal 2013, 2014 and the first three quarters of fiscal 2015. The company expects to file these results by June 30.more...
- Gaming Nation loses $1.9-million in Q1
Gaming Nation Inc. lost $1.9-million on revenue of $2.49-million in the first quarter ended March 31, 2016.more...
- Thomson Reuters to buy back up to 37.5 million shares
Thomson Reuters Corp. will buy back up to 37.5 million shares, representing 5 per cent of those outstanding, under a renewed NCIB. The buyback begins May 30, 2016, and ends May 29, 2017.more...
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