Stockwatch Street Wires
- Pivot sued over finder's fee on $15-million financing
Pivot Pharmaceuticals Inc. is facing a lawsuit over a finder's fee on a $15-million financing. Revelstoke businessman Aly Ismail claims that he introduced the investors to the company, but received nothing.
- MGX Minerals sued over Lazerson's security guards
MGX Minerals Inc. is a defendant in a lawsuit over "personal protection services" for its CEO, Jared Lazerson. The suit claims that MGX owes $176,398 after cancelling the services.
- Shell Summary for Sept. 17, 2019
Charles Chebry's second shell,
Castlecap Capital, releases the terms of its QT with Plexus Technology Corp., a bitcoin miner and aspiring natural gas power producer in Calgary. Plexus aims to raise $3.5-million at 80 cents.
- Cannabis Summary for Sept. 17, 2019
Canntrust receives a notice from Health Canada partially suspending its cultivation licence and fully suspending its processing, medical sales, cannabis drugs and research licences. Canopy Growth co-founder and former co-CEO Bruce Linton re-enters the cannabis industry.
- Energy Summary for Sept. 17, 2019
Saudi Arabia says its oil production is back on-line after Saturday's attacks. Cenovus Energy wins praise from an analyst. Pan Orient makes an oil discovery in Thailand, and Hemisphere Energy talks up its latest production milestone.
- Diamond & Specialty Minerals Summary for Sept. 17, 2019
Arctic Star Exploration has dropped a hint about a deadline for a GGL Resources drill program at their Stein project in Nunavut. Lomiko Metals is raising cash for more work at La Loutre in Quebec. Saville Resources plans new drilling at its niobium project in Quebec.
- Gold Summary for Sept. 17, 2019
B2Gold has new assays from saprolite and sulphide rock at Mamba, near its Fekola mine in Mali. Surge Exploration is plodding along with its Hedgehog project near Barkerville in B.C., where Barkerville Gold Mines has completed a study of its big and growing Cariboo project.
- SEC defendant Masselli accused of identity theft
SEC defendant Sandy Masselli, awash in fraud accusations, has received more uncomplimentary attention from New Jersey prosecutors. They have explained to a judge how Mr. Masselli used a Florida woman's name to fraudulently obtain a credit card.
- Shell Summary for Sept. 16, 2019
Eva Koci plans to list her first capital pool shell, Klinik Health Ventures, with a $2-million to $3-million IPO at 20 cents. The shell's escrow shareholders include more than a dozen brokers.
- Cannabis Summary for Sept. 16, 2019
Cresco Labs acquires $282.5-million (U.S.) of assets -- mainly in Nevada and Arizona -- from Tryke Companies. Flower One launches its extraction facility in Nevada.
- Energy Summary for Sept. 16, 2019
Oil prices soar in the wake of drone attacks on Saudi oil facilities. A new wave of energy stock deletions hits the S&P/TSX Composite Index. Whitecap Resources has its best day in months, and Eco (Atlantic) Oil makes a second oil discovery in Guyana.
- Diamond & Specialty Minerals Summary for Sept. 16, 2019
Osisko Gold Royalties looks to be the reluctant owner of the Renard diamond mine in Quebec. Stria Lithium has hired promotional help, presumably to aid its cash hunt. Canada Cobalt Works has raised cash for Castle, in Northeastern Ontario.
- Gold Summary for Sept. 16, 2019
Strikepoint Gold has new assays from the first drilling in nearly 25 years at Willoughby, in B.C. It was not worth the wait. Lydian International has a revised feasibility study for Amulsar in Armenia, but a blockade is still preventing it from completing its mine.
- SEC wins $12-million (U.S.) penalty for Alpine
The SEC has won a $12-million (U.S.) fine for Alpine Securities Corp., the Salt Lake City clearing firm run by John Hurry. The firm, which serviced at least one client with a criminal record, failed to properly report scores of suspicious transactions.
- Shell Summary for Sept. 13, 2019
Alfredo De Lucrezia plans to list his third capital pool shell, Vincero Capital, with a $500,000 IPO at 10 cents. His first shell closed a B.C. gold QT and was a success for its IPO investors. His second shell, Califfi Capital, is still working on its Colombian mining QT.
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