Stockwatch Street Wires
- Shell Summary for July 2, 2020
Ord Mountain arranges a QT involving mushrooms (not the psychedelic sort) with a start-up called Bloom Supply. The shell must raise $2-million at 15 cents.
- Diamond & Specialty Minerals Summary for July 2, 2020
Zen Graphene Solutions is raising cash for graphene research to support its Albany project in Ontario. Nemaska Lithium is struggling to find a buyer for its partially built Whabouchi lithium mine. Power Group Projects is a busy explorer -- for alternatives, not cobalt.
- Energy Summary for July 2, 2020
Trans Mountain clears its last big legal hurdle as the Supreme Court tells indigenous protesters, No, you still don't have a veto. Cenovus Energy and Irving Oil find an unusual way to mark Canada Day. MEG Energy eyes production boosts in the oil sands.
- SEC defendant Jaclin avoids jail for shell scheme
SEC defendant Gregg Jaclin has received three years of probation for his part in a Canadian-linked $2.25-million (U.S.) shell scheme. Prosecutors said that he was behind a seven-year trail of fraudulent regulatory filings.
- Gold Summary for July 2, 2020
Argonaut Gold is closing its acquisition of Alio Gold. Victoria Gold has declared its Eagle mine in Yukon to have reached commercial production. Harte Gold has arranged a big debt financing to put its Sugar Zone mine in Northern Ontario back into production.
- Cannabis Summary for July 2, 2020
Cresco Labs signs a 5th sale-and-leaseback deal with Innovative, this one for $29-million for a property in Massachusetts, pushing its monthly lease expenses even higher. Curaleaf arranges a $27.5-million financing, while Trulieve opens its 51st dispensary in Florida.
- Shell Summary for June 30, 2020
Good2go2 arranges an Ontario medical services QT with Canadian Teleradiology. This QT target must raise between $4-million and $5-million at 40 cents.
- Energy Summary for June 30, 2020
Peyto Exploration and Paramount Resources win covenant relief from their bankers, but at a cost. TORC Oil and Yangarra Resources suffer modest cuts to their credit facilities. Whitecap Resources' CEO lets slip some clues about near-term spending plans.
- Diamond & Specialty Minerals Summary for June 30, 2020
Star Diamond and Dominion Diamond have something in common: They are both suing their partner, Rio Tinto. Iconic Minerals has raised cash for exploration at Bonnie Claire, a lithium project in Nevada. Diamond Fields Resources has zirconium assays from Beravina in Madagascar.
- Cannabis Summary for June 30, 2020
1933 Industries sees its revenue fall yet again but manages to reduce its loss in fiscal Q3. Icanic Brands sees its underlying numbers (though not its revenue) improve in fiscal Q3, while Trulieve gets a vote of confidence from a Cantor Fitzgerald analyst.
- IIROC respondent O'Brien lands an appeal victory
IIROC respondent Michael O'Brien has won a reduction in the fine and suspension he received for borrowing money from an elderly client to pay his credit cards. He must now pay $50,000 and serve a nine-month ban.
- Gold Summary for June 30, 2020
Bullfrog Gold has new assays from drilling at Mystery Hill, on its Bullfrog project in Nevada, more assays are to come. Prime Mining has encouraging assays from trenching at its Tahonitas project in Mexico.
- Diamond & Specialty Minerals Summary for June 29, 2020
Brigadier Gold, just back trading, has some cash to work its Killala Lake South diamond project. Plato Gold has plans to explore the nearby Killala Lake property for niobium. Nouveau Monde Graphite's Matawinie project is winding through the environmental approval process.
- Shell Summary for June 29, 2020
Mithrandir Capital submits a QT filing statement and expects to close its QT tomorrow. It is acquiring a mobile gaming company, PopReach Inc. The shell and its target expect their resulting issuer to begin trading in the second week of July.
- Energy Summary for June 29, 2020
The former shale giant Chesapeake Energy finally goes bankrupt. So does the much smaller Lilis Energy. Canadian Natural keeps up the faith in its generous dividend, while Tourmaline Oil, Advantage Oil and other gas producers bask in analyst attention.
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