Stockwatch Street Wires
- Petrowest ex Peyton fired after altercation at Site C
Petrowest Corp.'s former Site C manager, Kent Peyton, lost his job after a physical altercation and an incident of verbal abuse, according to a court filing. His actions amounted to just cause for dismissal, the filing states.
- Diamond & Specialty Minerals Summary for Nov. 16, 2017
Kennady Diamonds is planning another busy year at its Kennady North diamond project in the Northwest Territories. Vanadiumcorp Resource has its preliminary economic assessment of Lac Dore in Quebec. Lico Energy Metals has wrapped up drilling for cobalt in Ontario.
- Gold Summary for Nov. 16, 2017
Teranga Gold has hit high-grade gold at a new discovery on its Golden Hill project in Burkina Faso. Iamgold has encouraging new assays from Saramacca in Suriname. Pure Gold Mining has high-grade assays from its Madsen project in Northwestern Ontario.
- Shell Summary for Nov. 16, 2017
Ross MacLachlan and Rick Wilson's first shell, Lions Bay Capital, closes its QT with John Byrne's Pan Andean Capital. The resulting issuer is an investment company.
- Energy Summary for Nov. 16, 2017
Seven Generations alarms investors with a high capital budget for 2018. Surge Energy closes its $44.5-million debenture financing and receives glowing reports from analysts. Obsidian Energy settles its SEC case for $8.5-million (U.S.).
- ASC cites Cash Store, execs for misleading disclosure
The Alberta Securities Commission has begun proceedings against Cash Store Financial Services Inc., a defunct provider of short-term loans. The regulator claims that the company and two former officers provided false and misleading disclosure.
- Energy Summary for Nov. 15, 2017
ARC Resources sets an unexpectedly cautious budget for 2018. RMP Energy's third quarter financials draw mixed reactions. Canacol Energy touts another gas discovery, but also faces another pipeline delay. Madalena Energy dreams of doubling production in Argentina.
- Gold Summary for Nov. 15, 2017
Genesis Metals fell on a new batch of assays from Chevrier in Quebec. Gold Standard Ventures says assays from scout drilling near North Bullion in Nevada bode well for the project. K92 Mining has new assays from Kora, at its Kainantu mine in Papua New Guinea.
- Diamond & Specialty Minerals Summary for Nov. 15, 2017
New Nadina Explorations has another two years to drill its Monument diamond project at Lac de Gras. Cobalt Power Group has assayed high-grade cobalt over a narrow interval at Smith, in Ontario. Quantum Cobalt is raising more cash than expected.
- Obsidian Energy agrees to $8.5M (U.S.) fine
Obsidian Energy Ltd. has agreed to pay $8.5-million (U.S.) to settle an accounting fraud case filed by the SEC. The regulator claimed that Obsidian understated its operating expenses by at least $281-million (U.S.).
- Diamond & Specialty Minerals Summary for Nov. 14, 2017
Mountain Province made a profit in its summer quarter, thanks to strong grades and a strong dollar. NextSource Materials wants to move its domicile to Canada to cut costs. Castle Silver Resources touts its cobalt grades at Castle, in Ontario
- Gold Summary for Nov. 14, 2017
Kenadyr Mining has new assays from Borubai in Kyrgyzstan. Trek Mining has final permissions to build its Aurizona gold mine in Brazil. Argonaut Gold is buying the Cerro del Gallo gold project in Mexico from Primero Mining.
- Shell Summary notice
There will not be a Shell Summary for Nov. 14, 2017.
- Energy Summary for Nov. 14, 2017
Cenovus sells its Weyburn project to Whitecap for $940-million, lower than investors had expected. Meanwhile, the optimistic Whitecap hikes its dividend. Keith Hill's Kenya-focused Africa Oil acquires 19.77 per cent of Namibia- and Guyana-focused Eco Oil.
- Ximen denies dallying on dissident debentures
Ximen Mining Corp. says that there is no reason for the courts to overturn the results of its annual general meeting. The company claims that it made no deliberate effort to prevent a dissident group from voting all of its shares.
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