Stockwatch Street Wires
- Shell Summary for July 3, 2020
Jaguar Financial climbs on news of management changes. Michael Lerner is replacing Vic Alboini as the shell's CEO.
- IIROC fines Richardson GMP, cites supervisory failures
IIROC has won sanctions totalling $550,000 against Richardson GMP Ltd., with the penalties stemming in part from supervisory problems in Calgary. Vulnerable and retired clients suffered losses over several years.
- Diamond & Specialty Minerals Summary for July 3, 2020
RJK Explorations has resumed drilling for kimberlite at its Ontario properties near Cobalt. Meanwhile its diamond counts are late. Cypress Development has new assays from its Clayton Valley lithium project in Nevada. SRG Mining has new cash to work Lola in Guinea.
- Energy Summary for July 3, 2020
Advantage Oil sells an infrastructure asset to a subsidiary of Tourmaline Oil. Longshore Resources closes a four-way merger. Bonavista Energy's major shareholder unloads millions of shares, and TransGlobe Energy wraps up a quiet second quarter.
- Gold Summary for July 3, 2020
Gold Lion Resources has new assays from rock sampling at Robber Gulch in Idaho. More preliminaries are planned, but drilling is possible later this year. Argonaut Gold acquired the Florida Canyon mine from Alio Gold this week and it already has revised the mine plan.
- Cannabis Summary for July 3, 2020
After "temporarily" laying off 400 employees in April, Organigram laid off 220 people, 25 per cent of its staff, for good. Green Thumb's ex-CEO, Peter Kadens, converts 9,000 supervoting shares into 900,000 subordinate shares. Planet 13 closes an $11.5-million bought deal.
- Shell Summary for July 2, 2020
Ord Mountain arranges a QT involving mushrooms (not the psychedelic sort) with a start-up called Bloom Supply. The shell must raise $2-million at 15 cents.
- Diamond & Specialty Minerals Summary for July 2, 2020
Zen Graphene Solutions is raising cash for graphene research to support its Albany project in Ontario. Nemaska Lithium is struggling to find a buyer for its partially built Whabouchi lithium mine. Power Group Projects is a busy explorer -- for alternatives, not cobalt.
- Energy Summary for July 2, 2020
Trans Mountain clears its last big legal hurdle as the Supreme Court tells indigenous protesters, No, you still don't have a veto. Cenovus Energy and Irving Oil find an unusual way to mark Canada Day. MEG Energy eyes production boosts in the oil sands.
- SEC defendant Jaclin avoids jail for shell scheme
SEC defendant Gregg Jaclin has received three years of probation for his part in a Canadian-linked $2.25-million (U.S.) shell scheme. Prosecutors said that he was behind a seven-year trail of fraudulent regulatory filings.
- Gold Summary for July 2, 2020
Argonaut Gold is closing its acquisition of Alio Gold. Victoria Gold has declared its Eagle mine in Yukon to have reached commercial production. Harte Gold has arranged a big debt financing to put its Sugar Zone mine in Northern Ontario back into production.
- Cannabis Summary for July 2, 2020
Cresco Labs signs a 5th sale-and-leaseback deal with Innovative, this one for $29-million for a property in Massachusetts, pushing its monthly lease expenses even higher. Curaleaf arranges a $27.5-million financing, while Trulieve opens its 51st dispensary in Florida.
- Shell Summary for June 30, 2020
Good2go2 arranges an Ontario medical services QT with Canadian Teleradiology. This QT target must raise between $4-million and $5-million at 40 cents.
- Energy Summary for June 30, 2020
Peyto Exploration and Paramount Resources win covenant relief from their bankers, but at a cost. TORC Oil and Yangarra Resources suffer modest cuts to their credit facilities. Whitecap Resources' CEO lets slip some clues about near-term spending plans.
- Diamond & Specialty Minerals Summary for June 30, 2020
Star Diamond and Dominion Diamond have something in common: They are both suing their partner, Rio Tinto. Iconic Minerals has raised cash for exploration at Bonnie Claire, a lithium project in Nevada. Diamond Fields Resources has zirconium assays from Beravina in Madagascar.
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