- Shell Summary for May 7, 2021
CT Developers has closed its Ontario mining QT; the resulting issuer will begin trading as Magna Mining on Tuesday. VLCTY Capital has released the terms of its QT with BuildDirect.com Technologies. J58 Capital plans to list with a $600,000 IPO at 10 cents.
- SEC permanently bans phone man Crockett
The SEC has permanently banned Tyler Crockett, one of two men accused in a $1.1-million (U.S.) scheme to tout a Toronto OTC Markets listing and three other stocks. He misled investors with claims of contracts with well-known companies, the SEC said.
- Cannabis Summary for May 7, 2021
Alabama lawmakers approve a bill to legalize medical cannabis. Cronos Group sees declining quarterly revenue, but cheers its progress on lab-grown cannabis derivatives. The Valens Company adds new officers and directors.
- Energy Summary for May 7, 2021
Cenovus swings to a quarterly profit and mulls its options in the wake of Tuesday's news from ConocoPhillips. Enerplus hikes its dividend for the first time in 13 years. Paramount Resources boosts its budget, and Obsidian Energy is no longer up for sale.
- Diamond & Specialty Minerals Summary for May 7, 2021
Archon Minerals awaits more royalties while it deals with a big imbalance on its balance sheet. Nickel Rock Resources has lithium assays from its Clayton Valley project. Search Minerals plans more drilling at its Fox rare earth deposits in Labrador.
- Gold Summary for May 7, 2021
Oceanagold surged higher on word that it has two new directors. Centerra Gold took a big hit thanks to troubles with the Kyrgyz Republic government. Stone Gold was stone cold today after disappointing investors with assays from Mount Jamie North in Ontario.
- BMO's former Cranbrook employees respond to lawsuit
BMO Nesbitt Burns Inc.'s former Cranbrook employees, responding to a lawsuit over their defection, deny that they did anything wrong. They say that they left the firm as a group over cost cuts and problems with management.
- Shell Summary for May 6, 2021
Abigail Capital releases its QT terms and other details. Its Toronto e-sports target, OverActive Media, has raised $39.89-million at $2.25. OV2 Investment also has QT details, including partial financials of its Florida communications infrastructure target, Eastower Group.
- Diamond & Specialty Minerals Summary for May 6, 2021
Arctic Star Exploration has another new Diagras kimberlite. Now, it needs a bounty of diamonds. Mkango Resources is optimistic about an optimized processing plan for Songwe Hill rare earth oxides. Leading Edge Materials is still chasing a mining licence for Norra Karr.
- Cannabis Summary for May 6, 2021
Tilray settles its dispute with former supplier Wyckoff Farms. IM Cannabis arranges a $35-million (U.S.) financing. Aleafia Health has its eye on financings, filing a preliminary shelf prospectus. Speakeasy wants to grow magic mushrooms.
- Energy Summary for May 6, 2021
Canadian Natural hikes its cash flow forecast for 2021 and sets its sights on debt reduction. ARC Resources lays out its first official guidance in the wake of its merger with Seven Generations. Reconnaissance Energy looks to raise $36-million.
- Gold Summary for May 6, 2021
Tarachi Gold has new assays from drilling at its Jabali project in Mexico. More drilling is planned as a follow-up, and to test a new target. Cerrado Gold has scored a bonanza-grade hit while drilling its Minera Don Nicolas project in Mexico. More drilling is planned.
- SEC defendant Babini loses extradition case, appeals
SEC defendant Marco Babini is one step closer to a U.S. court date, with a B.C. judge entering an extradition decision against him. Prosecutors in Boston claim that he was part of a foiled 2012 pump-and-dump.
- Diamond & Specialty Minerals Summary for May 5, 2021
Talmora Diamond and Olivut Resources ponder their Seahorse project. First Energy Metals has assays from Augustus, a Quebec lithium project. QMC Minerals is cheering a lithium anomaly in Manitoba while Grizzly Discoveries cheers for cobalt in British Columbia.
- Energy Summary for May 5, 2021
The governor of Michigan says time is running out for Enbridge's "ticking time bomb," Line 5. Imperial Oil dodges a cumbersome demand from a shareholder. Razor Energy starts construction of its geothermal project, and Gran Tierra rallies with oil prices.
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