Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for May 25, 2020
Holders of bonds issued to take Dominion Diamond private in 2017 may be out of luck. Ucore Rare Metals has sold some convertible debentures, hopes to sell more. UEX has raised cash for exploration at Christie Lake in Saskatchewan.
- Shell Summary for May 25, 2020
Altina Capital plans to list with a $300,000 IPO at 10 cents. Its IPO agent is Haywood Securities. The shell's largest escrow shareholder is Terry Salman.
- Energy Summary for May 25, 2020
Vermilion Energy announces the abrupt exit of its CEO, to be replaced by a committee. It also brings back a familiar face. Suncor Energy officially loses its "dividend aristocrat" status, and Cardinal Energy seeks to ease its debt burdens.
- Cannabis Summary for May 25, 2020
Village Farms keeps rising after its 58.7-per-cent-owned JV, Pure Sunfarms, receives a cultivation and sales licence for its second marijuana greenhouse. 48North incurs a big loss in Q3 after vowing to focus on Canada, while Canopy continues to rise ahead of its Q4 results.
- Gold Summary for May 25, 2020
Banyan Gold has an initial resource estimate for its AurMac gold project in Yukon that eclipses its Hyland project, also in Yukon. Bam Bam Resources has completed a second hole at its Majuba Hill project in Nevada.
- Califfi Capital sues over failed Fenix QT
Califfi Capital Corp. has filed a lawsuit over its recently failed QT. It complains that the QT target, Fenix Gold Inc., abandoned the deal and entered into a similar transaction with another company.
- Shell Summary for May 22, 2020
Hampton Bay Capital closes its small-business lending QT. Its resulting issuer will begin trading on Monday as Lendified Holdings. Kepler Acquisition firms up its e-sports QT with ESE Entertainment. ESE is boosting its financing by $500,000 to $2-million, still at 25 cents.
- Energy Summary for May 22, 2020
Enbridge hits another stumbling block in its long quest to upgrade the aging Line 3. Canadian Natural Resources hears good news from the Sturgeon refinery. PetroShale has a new director courtesy of First Reserve, and Petrus Resources frets its debts.
- Diamond & Specialty Minerals Summary for May 22, 2020
Arctic Star Exploration has high hopes and great expectations for Diagras, but investors will have to be patient. Niobay Metals has new assays from the James Bay niobium project in Northern Ontario. Vanadiumcorp Resource has new assays from Lac Dore in Quebec.
- SEC's N.Y. boiler room defendants to pay $6.2M (U.S.)
The SEC has won sanctions totalling $6.2-million (U.S.) against three jail-bound stock touts. They were part of a group that boosted five thinly traded stocks, including former CSE listing Intelligent Content Enterprises Inc.
- Cannabis Summary for May 22, 2020
In Canada, Village Farms finished the week up, going from $4.45 to $7.24 this week despite no news, while U.S. CBD producers Charlotte's Web and Abacus Health also rose considerably. Sugarbud receives a relatively low-interest $5-million credit facility.
- Gold Summary for May 22, 2020
Getchell Gold has staked new ground at its Fondaway Canyon gold project in Nevada, seeking extensions to the existing mineralization. Spearmint Resources has acquired ground at Escape Lake North, near the promising platinum project being worked by Clean Air Metals.
- Shell Summary for May 21, 2020
Aim3 Ventures submits a QT filing statement and then closes its mining royalty and streaming QT with SilverStream SEZC. The resulting issuer will begin trading as Vox Royalty on Monday.
- Energy Summary for May 21, 2020
Enbridge notches a small victory in its fight to overhaul the Mainline, to the chagrin of Suncor Energy and others. Debt-stricken Bonavista Energy prepares to say goodbye to one-third of its board. Pulse Oil comes up with a creative way to raise money.
- CO2 Tech defendant Curshen seeks release, again
CO2 Tech Ltd. defendant Jonathan Curshen has asked a judge to release him from jail on COVID-19 grounds, claiming hypertension and obesity place him at a higher risk of dying. He is serving 20 years for a $7-million (U.S.) fraud.
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