Stockwatch Street Wires
- Shell Summary for Sept. 22, 2017
Steven Mintz's first capital pool shell, 22 Capital, has identified the eight director nominees for its resulting issuer. The shell is acquiring nDivision Inc., an IT consulting firm in Dallas. Last week, 22 Capital sold a $500,000 private placement at 18.75 cents.
- SEC fines Novelion $4.1-million (U.S.)
The SEC has fined Novelion Therapeutics Inc. $4.1-million (U.S.) over misleading claims by a predecessor company. The SEC said that the company vastly overstated the number of patients filling prescriptions.
- Energy Summary for Sept. 22, 2017
OPEC stays silent on a possible extension of its production-cutting pact. Western Canadian gas producers cheer on proposals from TransCanada and Veresen. Pine Cliff enjoys insider buying, and Pengrowth Energy's investors await finalized debt deals.
- Diamond & Specialty Minerals Summary for Sept. 22, 2017
Peregrine Diamonds has wrapped up it summer drilling at CH-6, its top pipe at Chidliak. Far Resources has gotten its drill to Zoro in Manitoba. Clean Commodities has low-grade cobalt assays from Manitou in Quebec. Great Atlantic Resources has finished work at South Quarry.
- Gold Summary for Sept. 22, 2017
McEwen Mining has closed its $46.6-million (U.S.) placement needed to buy the Black Fox mine near Timmins. Altamira Gold slipped a bit today after it did not offer any reason for yesterday's big gain. Westkam Gold wants to raise $3-million, much of it for Bonaparte.
- BCSC asks judge to compel Tak to answer questions
The BCSC has gone to court seeking to question a Burnaby man as part of an investigation into trading of an OTC Markets listing and a CSE company. The BCSC says that the man has refused to answer its questions.
- Diamond & Specialty Minerals Summary for Sept. 21, 2017
Pangolin Diamonds has more diamonds but no kimberlite at Malatswae in Botswana. DNI Metals is raising cash for Marafody and Vohitsara graphite projects in Madagascar. Alabama Graphite is mulling an unsolicited takeover bid from an unnamed junior.
- Gold Summary for Sept. 21, 2017
Argonaut Gold has expanded its resource estimates for the El Castillo and La Colorada mines in Mexico. Fortuna Silver Mines has given the go-ahead to the Lindero mine in Argentina. Primero Mining expects less gold and silver from San Dimas in Mexico.
- Shell Summary for Sept. 21, 2017
Mick Thomson's ninth shell, Soleil Capital, plans to acquire a Mexican gold explorer called Goldplay Exploration for the shell's QT. Robert Meister's first shell, Cabernet Capital, increases its IPO to $300,000 from $250,000 (the IPO price is still 10 cents).
- Energy Summary for Sept. 21, 2017
Oil prices hold above $50 (U.S.) all day for the first time in four months. The Quebec government releases a draft version of its proposed oil and gas regulations. Chinook Energy tests four more Montney wells, and Canacol Energy toils away in Colombia.
- Canaccord settles with Virvilis
Canaccord Genuity Corp. has settled the wrongful dismissal lawsuit it faced from former treasurer Peter Virvilis. He had sought $2.49-million from the firm.
- Shell Summary for Sept. 20, 2017
Geoff Balderson's fifth capital pool shell, Aim Explorations, plans to launch DMG Blockchain Solutions for the shell's QT. The shell and its target are selling a $3-million private placement at 30 cents.
- Gold Summary for Sept. 20, 2017
Jaguar Mining has received encouraging assays from the depths of its Pilar mine in Brazil. Roxgold has boosted its production forecast for Yaramoko in Burkina Faso. Osisko Mining has drilled narrow intervals of bonanza gold at Windfall Lake in Quebec.
- Diamond & Specialty Minerals Summary for Sept. 20, 2017
Lucara Diamond has completed two big upgrades at Karowe. Dominion Diamond has shareholder approval for its takeover by Washington Group. Geomega Resources is making high-purity concentrates from rare earth residue. Tantalex Resources touts Congo cobalt.
- SEC defendant Weaver appeals Jammin' Java penalty
SEC defendant Wayne Weaver has appealed the $57.9-million (U.S.) penalty that he received for the Jammin' Java Corp. pump-and-dump. He filed the appeal notice the day after receiving the fine.
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