Stockwatch Street Wires
- SEC defendant St. Amour settles out of court
The SEC has reached an out-of-court settlement with Montreal's Jason St. Amour for his part in a Los Angeles area boiler room scheme. The regulator claimed that he was part of a group that pitched investors at least 41 thinly traded stocks.
- Shell Summary for Jan. 22, 2020
Jeremy Edelman's first shell, Hampton Bay Capital, has released the terms of its QT with Lendified Holdings, a small-business lender in Toronto. The shell has also provided more details about its target. Lendified is selling a $4-million private placement at 25 cents.
- Cannabis Summary for Jan. 22, 2020
Aphria receives EU GMP certification for its Aphria One operation in Ontario, allowing the company to ship cannabis products to Europe. Speakeasy outlines its plans for 2020, says it expects to grow 70,000 kg of marijuana outdoors. Canopy appoints Judy Schmeling as chairman.
- Energy Summary for Jan. 22, 2020
The Keystone XL pipeline wins U.S. approval to traverse federal land. Obsidian Energy touts "operating momentum" heading into 2020. InPlay Oil lays out its plans for 2020, and Questerre Energy closes a long-awaited asset acquisition in Quebec.
- Gold Summary for Jan. 22, 2020
Adamera Minerals leapt higher on word that it has a partner for the Cooke Mountain gold project in Washington. Teranga Gold has new high-grade assays from the Golden Hill project in Burkina Faso. More drilling and an economic assessment are planned this year.
- Diamond & Specialty Minerals Summary for Jan. 22, 2020
Diamcor Mining expects improved prices and diamond recoveries at Krone-Endora thanks to new equipment. American Lithium has raised cash for TLC in Nevada. Defense Metals presses ahead at Wicheeda. Nemaska Lithium has a new chairman.
- SEC defendant Tsai receives five years of probation
SEC defendant Bill Tsai, 23, will not serve any jail time for an insider trading scheme. A judge has sentenced him to five years of probation and to 90 days in a halfway house.
- Shell Summary for Jan. 21, 2020
Mitchell Smith's capital pool shell, Sceptre Ventures, plans to acquire Izon Network, a digital advertising firm that has been trying to go public in Canada since 2008. Izon Network trades on the pink sheets and last closed at 1.8 U.S. cents.
- Cannabis Summary for Jan. 21, 2020
Harvest Health's failed acquisition target, Falcon International, says Harvest owes Falcon $50-million for a breakup fee. Harvest filed a suit against Falcon two weeks ago. Tetra falls after arranging a $10-million financing. Centr gets its CBD beverages in Texas 7-11s.
- Energy Summary for Jan. 21, 2020
Enerplus fails to impress investors with cautious 2020 guidance. Baytex Energy boasts of better-than-expected 2019 production and refinances some of its debt. Canacol Energy keeps busy in Colombia, and Centaurus Energy mulls the future of Curamhuele.
- IIROC fines De Cicco $60,000 over unsuitable trades
IIROC has fined Scotia Capital Inc. employee Lelio De Cicco $60,000 after he allowed high-risk trades in the account of a 90-year-old B.C. woman. The woman was in a care home, and her son had authority for the account.
- Gold Summary for Jan. 21, 2020
B2Gold has a new PEA at its Gramalote gold project in Colombia. This time, a feasibility study is still in the cards. Wallbridge Mining has new assays from Fenelon, including high-grade encouragement at Area 51. Drilling will continue for much of the year.
- Diamond & Specialty Minerals Summary for Jan. 21, 2020
Olivut Resources mulls its Seahorse options while Talmora Diamond waits. Cruz Cobalt has raised a bit of cash to bolster its working capital. Montero Mining and Exploration threatens Tanzania with arbitration over their Wigu Hill dispute.
- Shell Summary for Jan. 20, 2020
Robert Kiesman's first capital pool shell, Libby K Industries, plans to acquire Plurilock Security Solutions, a cybersecurity firm in Victoria. Libby and Plurilock aim to raise $4-million. Plurilock is selling shares at 18.75 cents, as well as debentures.
- Cannabis Summary for Jan. 20, 2020
Rubicon receives its first orders from B.C. and Saskatchewan for its Simply Bare marijuana brand. True Leafs points to a mistaken reference to the company and its trading symbol to explain the recent increase in its share price. Ignite talks plans for a new beverage line.
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