Stockwatch Street Wires
- Shell Summary for July 12, 2019
Randy Clifford plans to list his fourth shell, ANC Capital. His shell-making record so far is one success and one failure for his shells' IPO investors. His third shell is still seeking a QT. Among his fellow directors at ANC is a colleague of his, Eugene Sekora.
- Cannabis Summary for July 12, 2019
Transcanna Holdings and Lifestyle Delivery cancel their proposed merger. Tetra Bio Pharma continues to fall as it closes an $8.05-million financing. Canntrust Holdings officially stops selling all of its products as it awaits word from Health Canada.
- SEC charges former Calgary lawyer for U.S. work
The SEC has filed civil charges against Scott Lawler, an Arizona lawyer who once practised in Calgary, for his part in two pump-and-dump schemes. The SEC claims that he helped others fraudulently obtain tradable shares.
- Energy Summary for July 12, 2019
Obsidian Energy sees its Peace River sale delayed into August. Delphi Energy has its credit reduced, but takes heart from its Montney output. Pieridae Energy wins deadline extensions at Goldboro, and Whitecap Resources and others defend their dividends.
- Diamond & Specialty Minerals Summary for July 12, 2019
Metalex Ventures still talks about U2 but plans no work until it gets deals with the locals. Manganese X Energy is acquiring the LAB graphite project in Quebec. Progressive Planet Solutions is getting out of lithium. Vanadiumcorp Resource has some cash for its Lac Dore play.
- Gold Summary for July 12, 2019
Roxgold has expanded its Ivory Coast gold resources to keep pace with production, more or less. Pacton Gold has eyeballed gold at Friendly Creek on its Australia-based Egina project. Gold Standard Ventures is raising more cash for its Railroad-Pinion project in Nevada.
- Cannabis Summary for July 11, 2019
A former Canntrust Holdings employee says the company used fake walls to hide unlicensed growing from Health Canada. Trulieve founders enter lock-up agreements for 59.25 per cent of Trulieve's voting shares. iAnthus's CBD For Life gets products into Dillard's stores.
- Shell Summary for July 11, 2019
Sally Poon and Anthony Zelen plan to list their first capital pool shell, Jessy Ventures, with a $200,000 IPO at 10 cents. James Pettit lists his first capital pool shell, Tri Capital Opportunities, following a $500,000 IPO at 10 cents.
- Porsche Financial seeks seizure of Pierce's Panamera
Porsche Financial Services Canada has filed a lawsuit seeking the seizure of a 2014 Porsche Panamera in the possession of Vancouver's Brent Pierce. According to the suit, Mr. Pierce is behind on his $4,875-per-month payments.
- Diamond & Specialty Minerals Summary for July 11, 2019
Stornoway Diamond had a so-so first quarter at Renard: production was better than sales. Iconic Minerals intends to drill its Bonnie Claire lithium project in Nevada. Largo Resources had a good second quarter at Maracas Menchen and expects a better one coming up.
- Gold Summary for July 11, 2019
Guyana Goldfields had a good second quarter. Marathon Gold has new assays from a growing Leprechaun. White Gold has identified new gold trends near Vertigo at its JP Ross project in Yukon.
- Bonterra's money remains tied up in Dhaliwal case
Bonterra Resources Inc.'s former president, Nav Dhaliwal, has won an interim appeal ruling that reinstates a $2.18-million garnishing order against the company. The ruling means that the company's money remains tied up, at least for now.
- Energy Summary for July 10, 2019
Oil prices enjoy their best day in nearly two months. Gran Tierra resumes production from two Colombian blocks in the wake of agricultural protests. Cenovus Energy talks crude-by-rail contracts, and Advantage Oil and Bonavista Energy see insider activity.
- Shell Summary for July 10, 2019
David Eto plans to list his second capital pool shell, Hakken Capital, with a $400,000 IPO at 10 cents. His first capital pool shell, Kanzen Capital, closed its QT in December, 2018, by launching an aspiring hemp products company, Geyser Brands.
- Cannabis Summary for July 10, 2019
Hawaii becomes the 26th state in the U.S. to decriminalize possession of small amounts of marijuana. The Ontario Cannabis Store pulls Canntrust products from its shelves. Medmen amends and increases its credit facility (now $280-million (U.S.)) with Gotham Green Partners.
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