Stockwatch Street Wires

C:*CURRENT - TMX Group keeps fossilized shells in its NEX collection
[2019-05-23 22:11]
This is part 3 in a series. We are taking a look at the 10 oldest listed capital pool shells. In fifth, fourth and third places, respectively, are: Balraj Mann's Fitch Street Capital; Ray Savoie and Zoran Arandjelovic's Schwabo Capital; and Tom Kovacs's Madeira Minerals.  more...

C:*MKTSHEL - Shell Summary for May 23, 2019
[2019-05-23 21:13]
Three capital pool shells have arrived, all from first-time shell-makers: David Henderson's CE Brands, Tsend Tseren's Amwolf Capital, and John MacPhail and Raphael Danon's Woodbridge Ventures. They each sold an IPO at 10 cents, raising between $350,000 and $500,000.  more...

C:*MKTOIL - Energy Summary for May 23, 2019
[2019-05-23 20:39]
Oil prices tumble on trade tensions. EnCana's CEO says the Montney would be at least twice as productive if it were south of the border. Gran Tierra finalizes its entry into Ecuador, and Shamaran Petroleum keeps trying to woo investors to Kurdistan.  more...

C:*MKTGOLD - Gold Summary for May 23, 2019
[2019-05-23 20:36]
Max Resource has a first round of assays from Choco North. Barrick is planning to buy out Tanzanian explorer Acacia Mining PLC's minority shareholders for $285-million (U.S.). Rubicon is continuing work at its Phoenix mine in Ontario.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for May 23, 2019
[2019-05-23 20:18]
North Arrow Minerals is hopeful that geophysics will lead to kimberlites at LDG in the NWT -- just not hopeful enough to pay its way. UEX is seeking shareholder value through cobalt. It is shaping up as a tough search. Imperial Mining has found assay promise at Crater Lake.  more...

C:*MKTSHEL - Shell Summary for May 22, 2019
[2019-05-22 20:28]
Vincent Gasparro and Michael Galego's third capital pool shell, Apolo III Acquisition, plans to acquire Latitude Global Cannabis. The target has interests in Lesotho, Colombia and Slovenia. It aims to raise $10-million at 50 cents.  more...

C:*MKTOIL - Energy Summary for May 22, 2019
[2019-05-22 20:10]
Cenovus Energy's CEO talks up progress on debt reduction and promises to look "very hard" at a potential dividend hike. InPlay Oil plans some board changes. Petrus Resources keeps busy in the Cardium, and Pulse Oil trumpets its test results at Queenstown.  more...

C:*MKTGOLD - Gold Summary for May 22, 2019
[2019-05-22 19:24]
Marathon Gold has new assays from infill drilling at Marathon. A Valentine Lake prefeasibility study is in the offing. Contact Gold has raised $4-million for more work at Pony Creek in Nevada. Probe Metals has new assays from Val d'Or east in Quebec.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for May 22 2019
[2019-05-22 19:00]
Altius Minerals and its Adia Resources diamond spinoff have wrapped up drilling at the Lynx project in Manitoba. Delrey Metals is enthused about Four Corners in Newfoundland. First Cobalt has support from Glencore for its Ontario refinery plan.  more...

U:*SEC - SEC defendant Sodi enters guilty plea
[2019-05-22 18:43]
SEC defendant Brian Sodi, aka the "Mailman," has pleaded guilty in Alabama. The government cited him and a Canadian for a $1.1-million (U.S.) OTC Markets scheme.  more...

U:BIZM - Biozoom's Ahearn, Wilson face massive restitution
[2019-05-22 10:33]
Biozoom Inc. defendants John Ahearn and Andrew Wilson should pay $16.3-million (U.S.) and $17.9-million (U.S.) in restitution, prosecutors say. Both had crucial roles in a pump-and-dump of the company, according to the government.  more...

C:*MKTSHEL - Shell Summary for May 21, 2019
[2019-05-21 20:35]
Chengyuan Liu's first capital pool shell, Vector REIT, adds Jeffrey Tung as a director. The shell is selling a $200,000 IPO at 20 cents through Raymond James. Hari Varshney plans to list his seventh capital pool shell, PKS Capital, with a $250,000 IPO at 10 cents.  more...

C:*MKTOIL - Energy Summary for May 21, 2019
[2019-05-21 20:15]
Obsidian Energy mulls a $100-million (U.S.) debt financing. Bonterra Energy shrugs off a $40-million chop to its credit facilities. Seymour Schulich buys more Pengrowth Energy, and Gran Tierra Energy prices a $300-million (U.S.) note offering.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for May 21, 2019
[2019-05-21 19:31]
American Battery Metals has expanded Temple Mountain in Utah as it readies a drill program to seek uranium and vanadium. Blue Sky Uranium plans drilling at Amarillo Grande in Argentina. Delrey Metals plans drilling at its Star, Porcher and Blackie vanadium prospects in B.C.  more...

C:*MKTGOLD - Gold Summary for May 21, 2019
[2019-05-21 19:20]
Wallbridge Mining slipped on its latest assays from Fenelon in Quebec. They had high grades, just not as high or as thick as tests last fall. Cornerstone Capital Resources and Solgold have a dream sheet for the huge Cascabel copper and gold deposit in Ecuador.  more...

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