Stockwatch Street Wires
- Shell Summary for Feb. 15, 2019
David Henderson plans to list his first capital pool shell, CE Brands, with a $200,000 to $500,000 IPO at 10 cents. Among his fellow shell directors are Joanne Hruska, formerly of Aston Hill Financial, and Brian Prokop, formerly of Argent Energy Trust.
- Diamond & Specialty Minerals Summary for Feb. 15, 2019
Ucore Rare Metals is pressing ahead with its acquisition of IBC Advanced Technologies, but it may be a rocky road. Fortune Minerals is pleased with plans to build a road close to its Nico cobalt and gold project in the Northwest Territories.
- Biozoom defendant Schneider receives seven years
Biozoom Inc. defendant James Schneider, a former shell lawyer, has received a prison term of seven years. He helped with several schemes, including the $34-million (U.S.) Biozoom fraud.
- Energy Summary for Feb. 15, 2019
Warren Buffett prompts cheers throughout the oil patch as he buys over 10 million shares of Suncor Energy. Peyto Exploration and Advantage Oil talk up their latest reserve reports. Bonavista Energy's investors shrug off its 2019 guidance.
- Gold Summary for Feb. 15, 2019
Harvest Gold has assays from a maiden drill program at Cerro Cascaron in Mexico. Yamana Gold slumped on a 2018 loss and its 2019 production guidance. Centamin has a maiden resource estimate for ABC and an updated calculation for Doropo, in Ivory Coast.
- Gold Summary for Feb. 14, 2019
New Gold stumbled on a big 2018 loss, mainly at Rainy River. Silvercrest Metals has new high-grade assays from the Babi Sur vein at Las Chispas in Mexico. Adamera Minerals has new assays from Oversight in Washington.
- Diamond & Specialty Minerals Summary for Feb. 14, 2019
Barker Minerals says its Tasse diamond project in B.C. is at the drilling stage. First Cobalt has new assays from Iron Creek in Idaho. Nemaska Lithium slumped on cost overruns at its Whabouchi lithium mine in Quebec.
- Energy Summary for Feb. 14, 2019
Cenovus Energy eases up on its Deep basin asset sale process and defends the government of Alberta's mandatory production cuts. EnCana closes its takeover of Newfield Exploration. Birchcliff Energy fine-tunes its 2019 guidance and hikes its dividend.
- Shell Summary for Feb. 13, 2019
Gunther Roehlig's NEX shell, Darien Business Development, identifies the director nominees for its resulting issuer. It is working to acquire a U.S. marijuana producer, Vireo Health.
- Diamond and Specialty Minerals Summary for Feb. 13, 2019
True North Gems is rolling (back) again as it seeks new cash for a fresh start. Lico Energy Metals has new cobalt assays from Glencore Bucke in Ontario. Chimata Gold will become Strategic Metals as it focuses on a Zimbabwe tailings project.
- Gold Summary for Feb. 13, 2019
Galway Metals has received assay encouragement from a new area of Clarence Brook in N.B. Ascendant Resources has updated its resource estimate for Lagoa Salgada in Portugal. Auryn Resources is back to trenching at Sombrero in Peru.
- SEC defendant Ciupiak settles Biozoom charges
SEC defendant Guillermo Ciupiak, charged for selling shares during the $34-million (U.S.) Biozoom Inc. manipulation, has reached a deal to settle the case. He will accept a permanent penny stock ban and pay a fine that the judge will determine.
- Magid's estate sues drug manufacturers
The estate of former Vancouverite Sameh Magid has filed a lawsuit against two drug manufacturers, seeking millions in damages. The suit claims that a prescription drug made Mr. Magid unusually impulsive and caused him to incur a massive gambling debt.
- Shell Summary for Feb. 12, 2019
Rana Vig's capital pool shell, Jinhua Capital, plans to acquire Lions Bay Holdings, a Vancouver investment firm focusing on agriculture (not marijuana or at least not yet). Jinhua and Lions Bay are raising $1.5-million at 15 cents.
- Diamond & Specialty Minerals Summary for Feb. 12, 2019
Arctic Star Exploration has sold a B.C. rare earth prospect to focus on diamonds. Niocorp Developments is ramping up its promotion, but it needs cash for its Elk Creek project in Nebraska. Lomiko Metals is drilling again at Refractory, in Quebec.
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