Stockwatch Street Wires
- Energy Summary for May 25, 2018
Renaissance Oil reveals that it reduced production in Chiapas, Mexico, in the first quarter. Journey Energy shareholders vote against re-electing Ruilin Zhang to its board. Strategic Oil, under a new CEO, releases its first quarter results.
- Diamond & Specialty Minerals Summary for May 25, 2018
Mountain Province Diamonds has wrapped up its fourth sale of rough this year. MGX Minerals is acquiring another silicon project in B.C. First Cobalt has assays from drilling at Kerr in Ontario.
- ASC fines, bans former Cash Store CFO Bland
The ASC has fined and banned Nancy Bland, who was the CFO of Cash Store Financial Services Inc. in 2012. She has admitted that the company's financial statements overvalued its lending business and understated loan losses.
- Gold Summary for May 25, 2018
McEwen Mining has a dream sheet for the Fenix project at its El Gallo property in Mexico. Evrim Resources says that Antofagasta, its partner at Axe in British Columbia, has started drilling. Centamin has cut its production forecast for 2018 at Sukari in Egypt.
- Shell Summary for May 25, 2018
January Vandale files a preliminary prospectus to list her first capital pool shell, Fusion Gold. Canamex Gold hopes to sell $50-million worth of gold-backed cryptocurrency tokens. Cluny Capital changes its board and arranges a $300,000 financing.
- Energy Summary for May 24, 2018
PetroShale nearly triples its production to 6,000 barrels a day. Frank Giustra's Pentanova Energy continues to be a disappointment to investors. Cona Resources completes its going-private deal with Waterous Energy. TransCanada makes Alberta gas producers groan.
- Diamond & Specialty Minerals Summary for May 24, 2018
Peregrine Diamonds has updated its preliminary economic assessment for Chidliak. Advantage Lithium has revised its resource estimate for the Cauchari lithium project in Argentina. Durango Resources has renewed its lithium claims in Quebec.
- Kinder Morgan fends off pair of legal challenges
Kinder Morgan Canada Ltd.'s Trans Mountain pipeline expansion has survived two court cases, brought by the Squamish Indian Band and the City of Vancouver. A judge has declined to interfere with the process by which B.C. approved the expansion.
- Gold Summary for May 24, 2018
Red Pine Exploration has drilled high-grade gold at Wawa. Endeavour Mining has drilled high-grade gold at its Hounde mine in Burkina Faso. Victoria Gold says that construction is going well at tis big Eagle mine in Yukon. It should be a producer late next year.
- Shell Summary for May 24, 2018
Alvaro Torres's Colombian marijuana grower, Khiron Life Sciences, begins trading. Paul Kelly's Corporate Catalyst firms up its QT plans with Anthony Lacavera's Globalive Technology Partners.
- Forcefield defendant Petrossi receives 3-1/2 years
Forcefield Energy Inc. defendant Louis Petrossi has received 3-1/2 years in jail. He was part of a scheme run by Canadian Richard St. Julien that defrauded investors of millions.
- Biocube defendant Rubizhevsky facing five-year term
Biocube Inc. defendant Boris Rubizhevsky should serve the maximum allowable term of five years, prosecutors say. He helped a known securities violator with a purported THC breathalyzer pump-and-dump, the government claims.
- Diamond & Specialty Minerals Summary for May 23, 2018
Tango Mining has mined and sold more diamonds from its Oena project in South Africa. Niocorp Developments is arranging to buy equipment for its Elk Creek project in Nebraska. SRG Graphite is raising cash for its graphite and cobalt prospects in Guinea.
- Gold Summary for May 23, 2018
Pacton Gold has expanded its hunt for conglomerate gold in the Pilbara district of Australia. Lumina Gold has new assays from its big Cangrejos deposit in Ecuador. Northern Superior Resources has updated its model of Croteau Est in Quebec, ahead of a resource estimate.
- Shell Summary for May 23, 2018
Cameron Chell's marijuana-blockchain shell graduate, Blockstrain Technology, begins trading. David Antony, a Calgary accountant and company repackager, lists his first capital pool shell, Rider Investment, with a $250,000 IPO at 10 cents.
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