Stockwatch Street Wires
- Shell Summary for Oct. 22, 2019
John Varghese's second capital pool shell, Aqueren Capital, appoints John Zorbas as its CEO. Canaccord Genuity will sell Aqueren's $500,000 IPO at 10 cents.
Peter Lee plans to list his first SPAC, Merida Merger I, on the NEO with a $100-million (U.S.) IPO at $10 (U.S.).
- Cannabis Summary for Oct. 22, 2019
CannAmerica's gummy sales surge to 11,719 THC units in September, up from 6,369 units in August. Zenabis announces a two-year growing agreement with Tantalus Labs. Emerald Health completes its first shipment of cannabis to Nova Scotia.
- Energy Summary for Oct. 22, 2019
The oil patch cloaks itself in postelection mourning. Husky Energy sets the mood with a round of layoffs in Calgary. Obsidian Energy needs a new CFO (again), and Delphi Energy works toward its proposed recapitalization with Luminus Management.
- IIROC fines Coccimiglio over loan from elderly client
IIROC has fined former TD Waterhouse Canada Inc. employee Francesco Coccimiglio for borrowing $200,000 from a client. The loan came after Mr. Coccimiglio had obtained power of attorney for the client.
- Diamond & Specialty Minerals Summary for Oct. 22, 2019
Lithoquest has found two new kimberlites at its North Kimberley project in Western Australia. Now, it needs diamonds. Fission 3.0 has high-grade uranium assays from Beaver River. Prophecy Development has raised $4-million to hunt Gibellini vanadium and Bolivian silver.
- Gold Summary for Oct. 22, 2019
MacDonald Mines Exploration slumped on assays from another hole drilled into Scadding North, at SPJ in Ontario. Vanstar Mining Resources and Iamgold have a maiden resource for Nelligan, in Quebec. Skeena Resources has a high-grade hit at Eskay Creek, in B.C.
- SEC defendant Husain facing probation, nothing more
SEC defendant Imran Husain looks certain to avoid jail for running a seven-year shell factory scheme. Prosecutors in California have asked a judge for a probationary sentence, citing his extraordinary co-operation, much of which remains secret.
- Shell Summary for Oct. 21, 2019
Praveen Varshney's fourth capital pool shell, AAJ Capital 2, arranges a QT with HB Brand Partners, a U.S. food company. HB Brand plans to raise $7.1-million, partly by selling shares at 30 cents.
- Cannabis Summary for Oct. 21, 2019
Zenabis falls after announcing that it will push back its planned marijuana growing capacity expansions. Curaleaf shareholders extend their share lockup deal. High Tide records just under $800,000 in sales in the three-day stretch after Canada's legalization anniversary.
- Energy Summary for Oct. 21, 2019
All eyes are on the federal election, seen by some as nothing less than a referendum on the future of Canadian oil. Valeura Energy tanks on Turkish gas tests. Jadestone Energy nears production in Vietnam, and Crescent Point closes a big asset sale.
- Diamond & Specialty Minerals Summary for Oct. 21, 2019
A bulk test of Star Diamond's Saskatchewan pipes could have a spin-off benefit for its Alberta venture with Canterra Minerals. Alba Minerals has stumbled off the TSX-V but will soldier on with its Nevada lithium play. Vanadium One Iron is still seeking cash.
- Gold Summary for Oct. 21, 2019
Osisko Mining has bonanza-grade hits at Lynx, on its Windfall project in Quebec. Barrian Mining has promotable assays from its Bolo gold project in Nevada. Erdene Resource Development has studies of Bayan Khundii and Altan Nur in Mongolia.
- SEC says Forcefield's Kouyoumdjian ignoring charges
The SEC claims that Emmanuel Kouyoumdjian, a former broker charged for the Forcefield Energy Inc. scheme, is ignoring the case against him. The regulator accused him of raising money for Forcefield while receiving secret commissions.
- Cannabis Summary for Oct. 18, 2019
The Green Organic Dutchman falls again after announcing a plan to cut the initial growing capacity of its Valleyfield facility. Canopy Growth opens its 27th dispensary. Auxly dramatically reduces the conversion price of $100-million worth of debentures.
- Energy Summary for Oct. 18, 2019
Tourmaline Oil's CEO talks up the "exciting" new Topaz Energy. Painted Pony Energy unloads a bit of its undeveloped land in the B.C. Montney for $45-million. Parex Resources buys back shares, and Arrow Exploration loses its second CEO in six months.
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