Stockwatch Street Wires
- IIROC fines Global Maxfin ex Vargas $670,000
IIROC has fined Carlos Vargas, a former head trader at two firms, for entering short sales and covering them using discounted stock from financings. He must pay $670,000 and serve a one-year suspension.
- Energy Summary for Feb. 21, 2019
Tourmaline Oil talks up its year-end reserves and reiterates its 2019 guidance. Gran Tierra Energy picks up more assets in Colombia. The seller of those assets, Vetra Energia, has already caught the eye of Jose Francisco Arata's New Stratus Energy.
- Shell Summary for Feb. 21, 2019
Martin Burian's first capital pool shell, Canvass Ventures, plans to acquire Nanalysis Corp., a maker of spectrometers.
David Rosenkrantz brings his Carfinco colleagues into his capital pool shells, Pinehurst I and Pinehurst II, which are selling their IPOs at 10 cents.
- IIROC fines Tassone $178,648 for outside investment
IIROC has added $178,648 in penalties and a six-month ban to the sanctions that it imposed on former Raymond James Ltd. employee Alberto Tassone. The regulator found that Mr. Tassone had an undisclosed investment in a private oil and gas company.
- Diamond & Specialty Minerals Summary for Feb. 21, 2019
Canada Cobalt Works has high-grade assays from its Castle project near Kirkland Lake in Ontario. Saint Jean Carbon is ready to supply "chemistry" to users, presumably graphite and lithium. First Cobalt has new assays from Idaho Creek in Idaho.
- Gold Summary for Feb. 21, 2019
Wallbridge Mining has new high-grade assays from Fenelon in Quebec. Continental Gold has high-grade assays from Buritica in Colombia. Teranga Gold has a maiden resource estimate for Golden Hill in Burkina Faso.
- Shell Summary for Feb. 20, 2019
Wade Dawe's shell, Duckworth Capital, closes its mining software QT with Goldspot Discoveries. Hugh Notman's shell, SMC Ventures, closes its cryptocurrency mining deal with Blockmint Technologies. Reza Satchu's SPAC, Alignvest II, files a circular for its March 11 meeting.
- Energy Summary for Feb. 20, 2019
The Canadian oil patch loses another multinational. MEG Energy talks up its plans following Husky Energy's aborted takeover attempt. Pieridae Energy enjoys significant interest in its latest financing, and Valeura Energy spuds a new well in Turkey.
- Gold Summary for Feb. 20, 2019
Harte Gold has updated its resource estimate for the Sugar Zone property in Northern Ontario. Euro Sun Mining has a preliminary study of its Colnic deposit at Rovina Valley in Romania. White Gold has new assays from Golden Saddle in Yukon.
- ASC bans Calgary's Nikoo over OTCQB scheme
The ASC has fined former mutual fund salesman Fred Nikoo $70,000 and imposed a 10-year ban on him. The regulator accused Mr. Nikoo of raising money as part of Jim Can's Bluforest Inc. pump-and-dump.
- Diamond & Specialty Minerals Summary for Feb. 20, 2019
Lucara Diamond has recovered another big rock at Karowe. Nemaska Lithium wants to buy its way out of an offtake deal at Whabouchi. Scandium International Mining is cheering the results of alloy tests using its scandium.
- IIROC sued by Global ex Lower over 2009 ban
IIROC is facing a lawsuit from a former Global Securities Corp. employee, Scott Lower, over a permanent ban that Mr. Lower received in 2009. The suit complains that IIROC pursued Mr. Lower in an effort to improperly advance a police investigation.
- Shell Summary for Feb. 19, 2019
Donald Wright, Avi Grewal and John O'Sullivan's second shell, Cinaport II, closes its QT and launches a marijuana retailer, Fire & Flower.
Peter Chen's first shell, Inceptus Capital, plans to acquire Spatial Imaging Laboratory and hopes to raise $4-million at 20 cents.
- Diamond & Specialty Minerals Summary for Feb. 19, 2019
Patrick Evans, who has headed three of Canada's biggest diamond companies over the past 15 years, has resurfaced deep on Howe Street. Far Resources has a bead on a big cash supply. Stria Lithium could use one.
- Energy Summary for Feb. 19, 2019
Seven Generations' minority-owned Steelhead halts its LNG project on Vancouver Island. Crescent Point's board adds the former CEO of ARC Resources. Pulse Oil plans more drilling in Alberta, and Touchstone Exploration raises money for drilling in Trinidad.
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