Stockwatch Street Wires
- Shell Summary for June 30, 2020
Good2go2 arranges an Ontario medical services QT with Canadian Teleradiology. This QT target must raise between $4-million and $5-million at 40 cents.
- Energy Summary for June 30, 2020
Peyto Exploration and Paramount Resources win covenant relief from their bankers, but at a cost. TORC Oil and Yangarra Resources suffer modest cuts to their credit facilities. Whitecap Resources' CEO lets slip some clues about near-term spending plans.
- Diamond & Specialty Minerals Summary for June 30, 2020
Star Diamond and Dominion Diamond have something in common: They are both suing their partner, Rio Tinto. Iconic Minerals has raised cash for exploration at Bonnie Claire, a lithium project in Nevada. Diamond Fields Resources has zirconium assays from Beravina in Madagascar.
- Cannabis Summary for June 30, 2020
1933 Industries sees its revenue fall yet again but manages to reduce its loss in fiscal Q3. Icanic Brands sees its underlying numbers (though not its revenue) improve in fiscal Q3, while Trulieve gets a vote of confidence from a Cantor Fitzgerald analyst.
- IIROC respondent O'Brien lands an appeal victory
IIROC respondent Michael O'Brien has won a reduction in the fine and suspension he received for borrowing money from an elderly client to pay his credit cards. He must now pay $50,000 and serve a nine-month ban.
- Gold Summary for June 30, 2020
Bullfrog Gold has new assays from drilling at Mystery Hill, on its Bullfrog project in Nevada, more assays are to come. Prime Mining has encouraging assays from trenching at its Tahonitas project in Mexico.
- Diamond & Specialty Minerals Summary for June 29, 2020
Brigadier Gold, just back trading, has some cash to work its Killala Lake South diamond project. Plato Gold has plans to explore the nearby Killala Lake property for niobium. Nouveau Monde Graphite's Matawinie project is winding through the environmental approval process.
- Shell Summary for June 29, 2020
Mithrandir Capital submits a QT filing statement and expects to close its QT tomorrow. It is acquiring a mobile gaming company, PopReach Inc. The shell and its target expect their resulting issuer to begin trading in the second week of July.
- Energy Summary for June 29, 2020
The former shale giant Chesapeake Energy finally goes bankrupt. So does the much smaller Lilis Energy. Canadian Natural keeps up the faith in its generous dividend, while Tourmaline Oil, Advantage Oil and other gas producers bask in analyst attention.
- Cannabis Summary for June 29, 2020
Green Thumb CEO Ben Kovler converts multiple voting shares to subordinate shares. Curaleaf vows to launch its Select cannabis oil and gummy brand into four new states by August, while C21 Investments extends the settlement of its $18.2-million (U.S.) debt financing.
- Gold Summary for June 29, 2020
Iamgold has another interim approval for its Cote gold project in Ontario. Rupert Resources has drilled high-grade gold at Ikkari, on its Pahtavaara project in Finland. Stuhini Resources has sampled high-grade gold at Ruby Creek, in northwestern B.C.
- ASC halts purported sanitizer producer Softlab9
The ASC has halted Softlab9 Software Solutions Inc., a COVID-19 promotion that has gone to $1.39 from 13 cents. The order marks the second halt for Softlab9's CEO, Rahim Mohammed.
- Shell Summary for June 26, 2020
Klinik Health closes its QT and expects its resulting issuer to begin trading as Neupath Health on July 6. AAJ Capital 2 drops its QT with Asia Interactive, an operator of property listing websites. Kalon Acquisition expects to close its $400,000 IPO at 10 cents on Monday.
- Energy Summary for June 26, 2020
A Michigan judge orders the shutdown of Enbridge's Line 5, prompting fears of fuel shortages, including here in Canada. Enbridge's Line 3 takes a small step forward. Ovintiv stumbles into the weekend, and Baytex Energy hikes its production guidance.
- Diamond & Specialty Minerals Summary for June 26, 2020
Fura Gems has completed its acquisition of mor ruby licences in Mozambique. Details are thin, but the promotion will presumably be thick. Sama Resources has hit a new nickel and copper zone in Ivory Coast. Orocobre endures lower production and slumping prices at Olaroz.
Click here for more Street Wires.