Stockwatch Street Wires
- Shell Summary for Dec. 17, 2018
Paul Ankcorn's almost nine-year-old capital pool shell, Acme Resources, has finally managed to close a deal. It has launched Rapid Dose Therapeutics, a company that hopes to make fast-dissolving oral strips.
- Energy Summary for Dec. 17, 2018
Bonterra Energy's George Fink hopes 2019 will bring some relief to the company. Baytex Energy's 2019 guidance has a lot to say about its assets, but only a little about its debt. International Petroleum closes its takeover of BlackPearl Resources.
- Diamond & Specialty Minerals Summary for Dec. 17, 2018
Fura Gems has an emerald resource at Coscuez in Colombia. Portofino Resources will roll back its stock to help raise cash for Hombre Muerto West. Vanadiumcorp Resource has shuffled its board. Liberty One Lithium has dropped North Paradox.
- Gold Summary for Dec. 17, 2018
Reunion Gold has support of its major shareholders in its latest placement. Seabridge Gold has raised more cash for Snowstorm in Nevada. Probe Metals has new assays from Val d'Or East in Quebec.
- SEC defendant Korchevsky grovels for light sentence
SEC defendant Vitaly Korchevsky, facing years in jail for his part in a newswire hacking scheme, claims that there were essentially no victims to his crime. He is asking for a sentence that includes house arrest and probation, with no jail.
- Energy Summary for Dec. 14, 2018
EnCana sets Feb. 12 as the date for a special meeting about its Newfield Exploration takeover. Parex Resources is running out of time to finish a "strategic repositioning review" by year-end. Birchcliff Energy loses one director and gains another.
- Shell Summary for Dec. 14, 2018
Randy Clifford's third capital pool shell, Smartset Services, plans to launch CannTx Life Sciences, a licensed marijuana grower near Guelph. CannTx plans to raise $2-million, no terms yet.
- Diamond & Specialty Minerals Summary for Dec. 14, 2018
Dunnedin Ventures says KH10-11 is disappointing, looks to Josephine for encouragement. Nouveau Monde Graphite is seeking up to $300-million for Matawinie in Quebec. Infinite Lithium has finite lithium assays from Jackpot in Ontario.
- Gold Summary for Dec. 14, 2018
Sokoman Iron slumped today on high-grade gold assays from its Moosehead project in Newfoundland. Gran Colombia Gold has new assays from its Marmato project in Colombia. A dream sheet and resource update are planned.
- Diamond & Specialty Minerals Summary for Dec. 13, 2018
Tango Mining has recovered more diamonds from its Oena project in South Africa. CellCube Energy Storage has caught up on its tardy financials. Northern Graphite has taken a new look at its Bissett Creek graphite project in Ontario.
- Shell Summary for Dec. 13, 2018
Tim McCunn's second shell, Mercal Capital, plans to delist, but it will keep working on its hemp deal as a private company. Its hemp target, Vitality CBD Natural Health, will then go public by merging with Mr. McCunn's Livewell Canada.
- First Bauxite shareholders look to block privatization
First Bauxite Corp. is facing a court case from a group of minority shareholders who oppose a four-cent privatization offer for the company. They say that the deal is unfair to them, as it comes with the company on the eve of production.
- Energy Summary for Dec. 13, 2018
Seven Generations' incoming chairman buys his first shares. Pieridae Energy proposes an $8-million private placement to help close its planned takeover of Ikkuma Resources, whose shareholders will vote on the deal next Monday. DXI Energy hires a new CEO.
- Gold Summary for Dec. 13, 2018
Wallbridge Mining has new assays from Fenelon in Quebec. Rise Gold has assay encouragement from Idaho-Maryland in California. Aben Resources has new assays from Forrest Kerr in northwestern B.C.
- SEC defendant Withrow sentenced to house arrest
SEC defendant Edward Withrow III has successfully avoided jail for a 2013 pump-and-dump, with a judge sentencing him to five months of home confinement. His co-accused, Vancouver resident Marco Babini, remains wanted.
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