Stockwatch Street Wires
- Shell Summary for Jan. 17, 2020
Neil Currie's first capital pool shell,
First Light Capital, arranges a tech QT with vMobo Inc. This target must sell $5-million worth of units at 55 cents and $1.2-million (U.S.) worth of debentures.
- Energy Summary for Jan. 17, 2020
The UN committee that castigated Coastal GasLink cops to knowing next to nothing about Coastal GasLink. EnCana hears of its imminent removal from the S&P/TSX. Obsidian Energy talks up the Alberta Cardium, and Crew Energy touts "strategic" debt deals.
- Cannabis Summary for Jan. 17, 2020
Canopy Growth delays the release of its cannabis-infused beverages for an unspecified period. Tetra Bio rises after receiving two drug identification numbers (DIN) for an OTC hemorrhoid drug and a back and muscle pain drug. Hexo arranges a $20-million (U.S.) financing.
- Gold Summary for Jan. 17, 2020
MacDonald Mines Exploration found encouragement, but investors did not, in new assays from the SPJ project in Ontario. Radisson Mining Resources has new assays from the O'Brien project in northwestern Quebec.
- Diamond & Specialty Minerals Summary for Jan. 17, 2020
North Arrow Minerals cheers the diamonds recovered from the Anchor pipe but says it will not be weighed down by contributing to the next budget. NRG Metals' sale of Hombre Muerto North may be dead. Dajin Resources is getting a new name but it is telling the same old story.
- SEC charges St. Amour in California boiler room case
The SEC has charged Montreal's Jason St. Amour and others for a boiler room scheme run from California. The group pitched investors scores of thinly traded penny stocks, and collected commissions as high as 50 per cent, the SEC claims.
- Shell Summary for Jan. 16, 2020
Mo Fazil's second shell, Elephant Hill Capital, plans to acquire Artos Pharma and Tassili Life Sciences. Artos is working on cancer treatments. Tassili is working on PTSD and OCD treatments based on cannabis and magic mushrooms. The parties aim to raise at least $4-million.
- Energy Summary for Jan. 16, 2020
The Supreme Court rejects the B.C. government's attempt to thwart Trans Mountain. MEG Energy arranges a partial debt refinancing. Pipestone Energy touts better-than-expected production exiting 2019, and Enerplus hires its first COO in years.
- Cannabis Summary for Jan. 16, 2020
OCS's on-line store sees high demand in first day of legal cannabis 2.0 sales. Meta Growth cancels its $4-million deal to sell its clinics division to Evergreen Pacific. Organigram rises again after signing a deal to sell medical cannabis through Shoppers Drug Mart.
- Gold Summary for Jan. 16, 2020
Iamgold just missed its production guidance and will soon miss its retiring CEO. GFG Resources felt the sting of Rattlesnake assays today. Roxgold had noteworthy assays from the Ancien and Boulder areas of Seguela, in Ivory Coast. Resource estimates are pending.
- Diamond & Specialty Minerals Summary for Jan. 16, 2020
Golden Share Resources pledges to be a busy driller at Ogoki, now that it finally has permits. First Cobalt has upgraded its Iron Creek cobalt resource in Idaho. Quantum Cobalt is still trying to hand its former CEO some papers. Noram Ventures has new Zeus assays.
- SEC defendant Bajic asks judge to rescind asset freeze
SEC defendant Steve Bajic says that a court-ordered asset freeze against him is unfair, as there is no evidence he did anything wrong. Moreover, the freeze keeps him from hiring a lawyer and makes no allowance for living expenses, he says.
- SEC defendant Ficeto looking at eight years in jail
SEC defendant Todd Ficeto has reached an agreement for an eight-year prison term. A jury previously convicted him for a $200-million (U.S.) scheme that includes charges against B.C. resident Colin Heatherington.
- Cannabis Summary for Jan. 15, 2020
The CDC reiterates its recommendation to not use THC-containing vapes or e-cigarettes. Organigram surges after posting net revenue of $25.1-million in fiscal Q1 2020, up from $16.2-million in Q4 2019. Gaby's co-founder and CEO, Margot Micallef, will now be president as well.
- Energy Summary for Jan. 15, 2020
Activity perks up on the Coastal GasLink and Keystone XL pipelines. NuVista Energy suffers a production blow, but insiders are unfazed. Africa Oil closes a long-awaited Nigerian deal, and Eco (Atlantic) slumps on a joint venturer's Guyanese writedown.
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