Stockwatch Street Wires

C:*MKTSHEL - Shell Summary for Nov. 15, 2019
[2019-11-15 20:46]
Gordon Wiebe's first capital pool shell, Sun Residential REIT, identifies a Tallahassee apartment complex as its QT target. It must pay $11-million (U.S.) cash. It is raising between $11.8-million and $15.8-million at 11.5 cents.  more...

C:*MKTOIL - Energy Summary for Nov. 15, 2019
[2019-11-15 20:31]
Pengrowth Energy receives debtholder support for its Cona Resources deal. Crescent Point Energy arranges its second major asset sale in about two months. Birchcliff Energy lays out its plans for 2020, and Valeura Energy retains steadfast analyst support.  more...

C:*MKTPOT - Cannabis Summary for Nov. 15, 2019
[2019-11-15 20:18]
Hexo admits to illegally growing cannabis at its Niagara facility but says that it informed and appeased Health Canada. Medmen vows to reduce spending and lay off 190 employees. Village Farms, Aurora Cannabis and Supreme Cannabis each fall after releasing results.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for Nov. 15, 2019
[2019-11-15 19:50]
Star Diamond has a Fort a la Corne co-venturer much ahead of schedule, much to its pleasure -- or dismay. Defense Minerals has new assays from its Wicheeda rare earth project in B.C. Canada Cobalt Works has more cash to build its Castle.  more...

C:*MKTGOLD - Gold Summary for Nov. 15, 2019
[2019-11-15 19:41]
Nevada Exploration is planning a big drill program at its South Grass Valley project in Nevada, seeking a new Carlin-style deposit, if not a whole district. Aurania Resources has drilled a hole into the Yawi Target A on the Lost Cities-Cutucu project in Ecuador.  more...

C:*MKTSHEL - Shell Summary for Nov. 14, 2019
[2019-11-14 20:38]
Moe Dilon's capital pool shell, Wangton Capital, plans to acquire Cloud 9 Switzerland, a Swiss company that is working on a hemp-infused chocolate bar. Wangton and Cloud 9 plan to raise $4-million by equity financing and $200,000 (U.S.) by convertible debt financing.  more...

C:*BCSC - BCSC's Clozza case clear to proceed after appeal ruling
[2019-11-14 20:37]
The BCSC has won an appeal court ruling as part of its case against Dan Clozza and others for the Forum National Investments Ltd. manipulation. Mr. Clozza unsuccessfully complained that the case had taken too long to get to a hearing.  more...

C:*MKTOIL - Energy Summary for Nov. 14, 2019
[2019-11-14 20:26]
The oil patch is in for another lousy year in 2020, says Canada's main drilling association. Eco (Atlantic) has another down day following yesterday's news from Guyana. Africa Oil talks up a busy third quarter, and Tourmaline Oil closes its Topaz spinout.  more...

C:*MKTPOT - Cannabis Summary for Nov. 14, 2019
[2019-11-14 20:07]
Canopy Growth falls after missing estimates and reporting a quarter-over-quarter decline in net revenue. Zenabis's $12-million of revenue in Q3 is less than half the $25-million it reported in Q2. The Dutchman loses $20.3-million and arranges financings for $103-million.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for Nov. 14, 2019
[2019-11-14 19:44]
Osisko Gold Royalties is the reluctant co-owner of a Canadian diamond mine. MacDonald Mines Exploration has hit cobalt and nickel at an IOCG project near Sudbury. Canalaska Uranium is eager to tout its wares. Northern Graphite talks supply and demand at Bissett Creek.  more...

C:*MKTGOLD - Gold Summary for Nov. 14, 2019
[2019-11-14 19:13]
Osino Resources slipped on new assays from infill drilling at Twin Hills Central, in Namibia. Atac Resources says there is enough good news to warrant an update of a 2016 preliminary economic assessment of its Tiger project, at Rackla in Yukon.  more...

C:*MKTSHEL - Shell Summary for Nov. 13, 2019
[2019-11-13 21:47]
Patrick Langlois's first capital pool shell, Angus Ventures, closes its Ontario mining QT. John MacPhail's NEX shell, Pacific Arc Resources, arranges an African offshore oil exploration deal with Port Energy. Pacific Arc and Port Energy aim to raise $4-million.  more...

C:*MKTPOT - Cannabis Summary for Nov. 13, 2019
[2019-11-13 21:32]
Charlotte's Web falls after reporting a loss of $1.3-million (U.S.) on revenue of $25.1-million (U.S.). Bevcanna signs an LOI to acquire a CBD juice company for $4-million (U.S.). Emerald Health falls after arranging a $2.5-million financing.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for Nov. 13, 2019
[2019-11-13 21:00]
Mountain Province Diamonds hopes the hunt for Gahcho Kue tonnes leads to Kelvin and Faraday. Lithium Americas plods along at Cauchari-Olaroz, expects to start production in 2021. First Cobalt talks up its cobalt refinery plan.  more...

C:*MKTOIL - Energy Summary for Nov. 13, 2019
[2019-11-13 20:40]
Eco (Atlantic)'s stock plunges as its Guyanese oil discoveries prove not as sweet as hoped. The neighbouring CGX Energy follows Eco down. Here in Canada, Cardinal Energy boosts its budget, and Storm Resources hopes for near-term gas price improvements.  more...

Click here for more Street Wires.