Stockwatch Street Wires
- Forcefield defendant Khan sentenced in New York
Forcefield Energy Inc. defendant Naveed Khan has received two years in jail. Prosecutors had sought up to 10 years, citing him for kickbacks that he accepted to place brokerage clients into Forcefield.
- Shell Summary for May 23, 2017
David Danziger's capital pool shell, Aumento VI, closes its $626,400 IPO at 50 cents. Sheldon Inwentash's NEX shell, ZipLocal Inc., is selling itself to Jason Chapnik for 0.35 cent a share. Joe Mimran's SPAC, Gibraltar Growth, moves its shareholders meeting to June 9.
- Energy Summary for May 23, 2017
Luminus Management, which years ago agitated for change at TransAlta, takes an interest in Gran Tierra. Pine Cliff enjoys insider buying and bold analyst predictions. Crew Energy sells its Goose asset, but still needs a buyer for its Lloydminster assets.
- Diamond & Specialty Minerals Summary for May 23, 2017
True North Gems is still annoyed about the loss of Aappaluttoq, its ruby mine in Greenland. Liberty One Lithium has acquired an option on Pocitos West, a lithium brine prospect in Argentina. Sama Graphite is drilling Lola in Guinea.
- Gold Summary for May 23, 2017
IDM Mining has received encouraging assays from its Red Mountain project in British Columbia. Integra Gold has received high-grade assays from Triangle, at Lamaque in Quebec. Aurvista Gold, a Quebec gold explorer, has a new president and CEO.
- CMKM's Edwards looking for out-of-court deal
CMKM Diamonds Inc. defendant John Edwards looks to be in negotiations for a plea agreement. Lawyers in the case have asked for a delay in the trial, with one of the reasons being an attempt by Mr. Edwards at resolving the case.
- Shell Summary for May 19, 2017
Benoit Chotard's shell, Orletto Capital, closes its pharma QT and renames itself Devonian Health. Peter Hughes's shell, Broome Capital, closes its Saskatchewan uranium QT. Reza Satchu's SPAC, Alignvest Acquisition II, increases its IPO to $350-million from $250-million.
- Gold Summary for May 19, 2017
Antioquia Gold rebounded today after it said it knew of nothing bad that it should be saying. Renaissance Gold is being left on its own at the Arabia gold play in Nevada. Osisko Mining has more assays from Windfall in Quebec.
- Diamond & Specialty Minerals Summary for May 19, 2017
Dominion Diamond has a maiden resource estimate for a big pipe at Ekati. Latin American Minerals is raising cash for Paraguay projects. Leading Edge Materials says Woxna graphite works well in lithium-ion batteries.
- Energy Summary for May 19, 2017
Analysts await Adam Waterous's next move at Northern Blizzard. The private Vesta Energy looks to raise $300-million for work in the Duvernay, where the public InPlay Oil is planning to explore later this year. Blackbird Energy hits a snag in the Montney.
- SEC defendant Heatherington remains hard to find
SEC defendant Colin Heatherington, wanted by the FBI for an international market manipulation scheme, is proving hard to find. Process servers in an unrelated civil case have tracked him to addresses on Vancouver Island, but have yet to locate him.
- Shell Summary for May 18, 2017
Kelly Klatik's capital pool shell, Druk Capital, did well for its IPO shareholders. Guy L'Africain's capital pool shell, OphiraVencap Inc., did not. Both shells launched Quebec gold mining juniors: Falco Resources and Knick Exploration, respectively.
- Diamond & Specialty Minerals Summary for May 18, 2017
Five Star Diamonds is busy working another of its several Brazilian diamond projects. Vanadiumcorp Resource has closed an oversubscribed placement. Graphite One Resources mulls its processing options for Graphite Creek.
- Gold Summary for May 18, 2017
Barkerville Gold mines has another batch of assay encouragement from Island Mountain in the Cariboo district. Aton Resources has new assays from Hamama West in Egypt. Matamec Explorations likes the latest results from Sakami in Quebec.
- Energy Summary for May 18, 2017
Cenovus Energy closes its $17.7-billion acquisition from ConocoPhillips, although questions linger as to whether shareholders deserved a vote on the deal. Bellatrix Exploration settles on a 1-for-5 rollback. Penn West trumpets its new credit arrangement.
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