Stockwatch Street Wires
- Shell Summary for March 27, 2020
Al Kroontje's Big Dougie Capital arranges a mining QT. It plans to raise $750,000 to $1.5-million. Peter Karos resigns as the CEO of Bluewater Acquisition; Mike Sapountzoglou takes over. David Smalley and Larry Doan's Ponderous Panda Capital drops its clean energy QT.
- Cannabis Summary for March 27, 2020
Green Thumb loses $12.9-million (U.S.) on revenue of $75.8-million (U.S.) in Q4, an improvement on a $17.1-million (U.S.) loss on revenue of $68-million (U.S.) in Q3. TerrAscend and Trulieve each announce they are hiring in response to a COVID-19-caused increase in demand.
- Energy Summary for March 27, 2020
Russia mulls resuming OPEC+ talks. Africa Oil releases its first ever reserve report, while Africa Energy hopes to go ahead with this year's drilling despite COVID-19. Gran Tierra enjoys insider buying and Delphi Energy stays busy in the Alberta Montney.
- Gold Summary for March 27, 2020
McEwen Mining is in danger of losing its NYSE listing. Golden Star Resources has expanded its gold resources in Ghana. Otso Gold has sold debentures to support the resurrection of the old Otso gold mine in Finland, but it will need more cash to do so.
- Diamond & Specialty Minerals Summary for March 27, 2020
Pangolin Diamonds may or may not be bulk sampling at AK10 in Botswana. Vanadiumcorp Resource is cheering new assays from its Lac Dore vanadium project in Quebec. Zen Graphene Solutions is pushing ahead with work at its Guelph graphene lab.
- Shell Summary for March 26, 2020
Urs Meisterhans's Summus Solutions fails to complete its change of business and becomes an NEX shell. Joseph Byrne's CSE shell, Velocity Data, will hold a shareholders meeting on March 31 to seek approval for the sale of its former operating subsidiary.
- SEC seeks $33-million (U.S.) penalty for Abellan
The SEC has asked a New York judge to impose a $33-million (U.S.) fine against Francisco Abellan, the man accused of running the massive Biozoom Inc. pump-and-dump. Others facing Biozoom charges are former Vancouver lawyer Faiyaz Dean.
- Energy Summary for March 26, 2020
Oil falls even as the U.S. forges ahead with a massive stimulus package. Husky Energy suspends the rebuilding of its Superior refinery. Baytex Energy gets a scolding from the NYSE, while Headwater Exploration is on the hunt for bargain acquisitions.
- Cannabis Summary for March 26, 2020
Green Organic reduces its work force, makes pay cuts and postpones operations in Quebec. Harvest Health cancels its $850-million (U.S.) acquisition of Verano as a result of market conditions and regulatory hurdles. Medipharm launches its first branded products.
- Gold Summary for March 26, 2020
Fortuna Silver Mines had a tough day despite its new reserve and resource estimates for two key silver mines. MAS Gold has a maiden resource calculation for North Lake in Northern Saskatchewan and a new estimate for nearby Greywacke.
- Diamond & Specialty Minerals Summary for March 26, 2020
Tri Origin is delaying exploration of its own but still hopes De Beers will continue its kimberlite option. Fusion Gold is extending the deadline for its Battery Mineral Resources QT. Niobay Resources has wrapped up drilling at its James Bay niobium project.
- Shell Summary for March 25, 2020
Praveen Varshney's fourth capital pool shell, AAJ Capital 2, plans to acquire Asia Interactive Services. This QT target operates websites for property listings. The shell plans to raise $1.5-million at 30 cents.
- Energy Summary for March 25, 2020
The oil industry eyes Ottawa's support measures for workers affected by COVID-19. Suncor and Teck Resources scale down operations in the oil sands. Bonavista Energy wins a sliver of relief from its lenders, while Surge Energy faces debt woes of its own.
- Cannabis Summary for March 25, 2020
Many cannabis companies vow to donate protective gear for health care workers -- which cannabis companies use to avoid contamination in greenhouses -- to hospitals. Village Farms rallies after closing an $11.5-million financing.
- Gold Summary for March 25, 2020
Mako Mining has promising new assays from Bayacun at San Albino-Murra in Nicaragua. Amex Exploration has new assays from Gratien and Grey Cat at its Perron project in Quebec. Galane Gold has suspended Galaxy in South Africa.
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