Stockwatch Street Wires
- 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.
- Diamond & Specialty Minerals Summary for Sept. 19, 2017
Mountain Province Diamonds is getting good grades, poor prices, from Gahcho Kue. Far Resources is set to drill again at Zoro in Northern Manitoba. First Cobalt is abandoning its planned cobalt hunt in Congo for one in Canada.
- Gold Summary for Sept. 19, 2017
Torex Gold Resources has received assay encouragement from its El Limon-Guajes mine in Mexico. Aben Resources has finished drilling at Forrest Kerr in British Columbia. Jaxon Mining has assays from grab sampling at Hazelton in British Columbia.
- Shell Summary for Sept. 19, 2017
Joe DeVries plans to list his second capital pool shell, Anquiro Ventures, with a $200,000 IPO at 10 cents. His first capital pool shell, Allante Resources (formerly Precision Enterprises), listed 10 years ago and has not yet managed to close a QT.
- Energy Summary for Sept. 19, 2017
Crescent Point takes Tundra Energy to court over a pipeline system in Saskatchewan. Cona Resources continues to slump despite insider support. Horizon Petroleum decides to try its luck in far-from-lucky Poland.
- Pretium sued for trespassing
Pretium Resources Inc. is a defendant in a lawsuit over trespassing in a remote area of B.C. According to the suit, the company has been using an airstrip and a cabin without permission.
- Diamond & Specialty Minerals Summary for Sept. 18, 2017
Peregrine Diamonds is leaving Botswana. GGL Resources has approval for its resurrection plan. Rockwell Diamond is not doing as well with its rescue plan. Medallion Resources is reviving its rare earth promotion. Alix Resources has modest lithium assays from Quebec.
- Gold Summary for Sept. 18, 2017
Cache Exploration has viewed visible gold in core from East Gold Point at Kiyuk Lake in Nunavut. Balmoral Gold has drilled more gold at Martiniere in the Detour district of Quebec. Rubicon Minerals has a high-grade gold hit at Phoenix but it must rework its geological model.
- Shell Summary for Sept. 18, 2017
Dr. Albert Friesen's fourth capital pool shell, Buffalo Capital, will seek shareholder approval to launch Dr. Friesen's own Waverley Pharma. Hari Varshney's NEX shell, Trigen Resources, plans to launch Damian Kettlewell's aspiring pot producer, BlissCo Holdings.
- Energy Summary for Sept. 18, 2017
Paramount Resources, digesting its recent acquisitions of Apache Canada and Trilogy Energy, sketches out the vague outlines of a four-year plan. RMP Energy basks in analyst attention. TransGlobe Energy toils away at its first Canadian drill program.
- SEC defendant Weaver ordered to pay $57.9M (U.S.)
The SEC has won a permanent penny stock ban and financial penalties totalling $57.9-million (U.S.) against Canadian Wayne Weaver. The sanctions stem from the Jammin' Java Corp. pump-and-dump.
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