Stockwatch Street Wires
- Shell Summary for Aug. 21, 2019
Gunther Roehlig's capital pool shell, Yuntone Capital, rekindles a deal with its former QT target, an aspiring B.C. marijuana producer called GrowX Global. The shell is raising $350,000 at 15 cents.
- Energy Summary for Aug. 21, 2019
Alberta extends its mandatory production curtailments to the end of 2020. Gear Energy's CEO talks up its sturdy balance sheet. Eco (Atlantic)'s investors remain buoyant following last week's Guyanese discovery, and Bellatrix Exploration has a new CFO.
- Cannabis Summary for Aug. 21, 2019
Yield Growth plans to launch its hemp skin care brand Urban Juve at the ipsy Live event in New York in October. Kalytera raises $1.5-million in a financing that involved company insiders. Zenabis increases its debt financing from R.C. Morris to $50-million.
- Diamond & Specialty Minerals Summary for Aug. 21, 2019
Pangolin Diamonds has new drill targets at MSC in Botswana and it hopes to drill them this year. Bearing Lithium has appointed Gil Playford, a major shareholder, to be its chairman. Largo Resources plans to sell its own vanadium oxide starting nest spring.
- Gold Summary for Aug. 21, 2019
Great Bear Resources has new assays from Dixie, the Red Lake gold project that has been big news for the past year. Strategic Metals has grabbed gold assays from Mount Hinton in Yukon. African Gold Group traded busily today in anticipation of drilling at Kobada in Mali.
- FINRA moves against Alpine Securities
FINRA has filed a case against John Hurry's Vancouver-linked brokerage, Alpine Securities Corp., for seizing securities in customer accounts. The seizures began after the firm instituted a monthly $5,000 (U.S.) account fee.
- Green Organic Dutchman answers shareholder lawsuit
The Green Organic Dutchman Holdings Ltd., responding to a lawsuit from a group of early shareholders, denies that it wrongly prevented them from exercising warrants. It says that the warrants were subject to a six-month hold period.
- Shell Summary for Aug. 20, 2019
Sam Eskandari plans to list his first capital pool shell, Shepard Ventures, with a $200,000 IPO at 10 cents. Alex Tzilios's first capital pool shell, Savanna Capital, amends its Colombian cannabis QT.
- Cannabis Summary for Aug. 20, 2019
iAnthus Capital enters a term sheet for a $50-million (U.S.) loan. Organigram receives final approval to list on the TSX. Canopy Growth receives an extraction licence for its KeyLeaf facility in Saskatchewan. Bevcanna receives a research licence for CBD beverages.
- Energy Summary for Aug. 20, 2019
The Canadian Association of Petroleum Producers registers as a political third party ahead of October's election. Kelt Exploration and Leucrotta Exploration enjoy insider buying. Madalena Energy cuts its production guidance and expands its drill program.
- Diamond & Specialty Minerals Summary for Aug. 20, 2019
Tsodilo Resources has received a two-year renewal for its BK-16 kimberlite project in Botswana, where a big bulk sample is planned. Mkango Resources continues work on a feasibility study of Songwe Hill in Malawi. Lithium Americas cheers a big investment by Ganfeng.
- Gold Summary for Aug. 20, 2019
McEwen Mining has new assays for Gold Bar in Nevada. It has also expanded its land position. K92 Mining says not to worry, its licences in Papua New Guinea are valid for five more years. Aben Resources tripped on its new assays from Forrest Kerr in northwestern B.C.
- Shell Summary for Aug. 19, 2019
Robert Kidd plans to list his first capital pool shell, Logica Ventures, with a $300,000 IPO at 10 cents. He was previously the CEO of Marquest Asset Management, Artemis Investment Management and CC&L Capital Markets.
- Cannabis Summary for Aug. 19, 2019
Medmen launches statewide delivery service in California, where it has 17 dispensaries. The Ontario Cannabis Store sends back $2.9-million of cannabis products that it had purchased from Canntrust. Kalytera reports encouraging results in its CBD study for GVHD prevention.
- Carlyle's Masselli charged for defrauding investors
Carlyle Entertainment Ltd.'s chairman, Sandy Masselli, already in jail for attempting to defraud two brokerages, is facing yet more allegations. Prosecutors in New Jersey claim that he defrauded Carlyle investors of millions.
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