Stockwatch Street Wires
- Energy Summary for May 22, 2018
Iron Bridge Resources receives a hostile takeover offer of 75 cents cash from the private Velvet Energy. SDX Energy disappoints shareholders with a non-commercial well result from South Disouq. Africa Oil rises on Kenyan news and perhaps Nigerian potential.
- Diamond & Specialty Minerals Summary for May 22, 2018
Margaret Lake Diamonds is drilling at its diamond project near Gahcho Kue. Pancontinental Gold is working its cobalt prospects in Northern Ontario. Mkango Resources has a deal for Songwe in Malawi.
- Gold Summary for May 22, 2018
Algold Resources has a dream sheet covering its Tijirit gold project in Mauritania. Nxgold likes the Pilbara-based Mt. Roe so much that it is dropping Chicobi in Quebec. MacArthur Minerals is talking up its own Pilbara gold hunts.
- Valeant ex Tanner convicted in New York
Valeant Pharmaceuticals International Inc.'s former employee, Gary Tanner, has been convicted of fraud in New York. Prosecutors said that he engineered a disastrous takeover while secretly accepting $9.7-million (U.S.).
- Shell Summary for May 22, 2018
James Cassina plans to list his first capital pool shell, Good2Go, with a $220,000 IPO at 10 cents. Arif Shivji plans to list his second capital pool shell, Hoist Capital, with a $400,000 IPO at 10 cents. His first shell, Predator Blockchain, has yet to find a QT.
- Energy Summary for May 18, 2018
Hunter Oil rises after talking up its first quarter results. Permex Petroleum sells a $4-million IPO at 50 cents. Serinus Energy is delisting from the TSX and listing its shares on the AIM in London.
- Diamond & Specialty Minerals Summary for May 18, 2018
Star Diamond and Rio Tinto have plans for a processing plant to handle a new bulk test of the Star kimberlite. Canada Carbon has more legal news to cheer. Sienna Resources has assays from its Slattberg cobalt and nickel project in Sweden.
- Gold Summary for May 18, 2018
K92 Mining has high-grade assays from its Kainantu project in Papua New Guinea. Almadex Minerals is spinning off its non-core assets to a new company to focus on El Cobre.
- Shell Summary for May 18, 2018
Kevin Baker lists his first capital pool shell, Tailwind Capital, following a $200,000 IPO at 10 cents. Benoit Chotard files a preliminary prospectus to list his second capital pool shell, Orletto Capital II, with a $400,000 IPO at 10 cents.
- Energy Summary for May 17, 2018
Sterling Resources expects first oil in Peru in June, six months ahead of schedule. International Petroleum pleases investors and analysts with its first quarter results. Iron Bridge Resources releases results from two new wells in the Alberta Montney.
- Diamond & Specialty Minerals Summary for May 17, 2018
Stornoway Diamond is cutting its production targets at Renard, but is prices are looking better. Canada Carbon's lawyers are doing well. Deer Horn Capital and Vanadiumcorp Resource are pleased with California's move to solar energy.
- Gold Summary for May 17, 2018
Marathon Gold has an encouraging study for its Valentine Lake gold project in Newfoundland. Argonaut Gold is facing another court delay regarding its blasting permit at La Colorada in Mexico. Semafo says it will pour its first gold at Boungou in Burkina Faso in June.
- Shell Summary for May 17, 2018
Pine Trail Capital plans to acquire a medical office building in Picton, Ont., as its QT. Adent Capital has a filing statement for its QT to acquire Khiron Life Sciences, a Colombian marijuana producer.
- MGX chairman Bruner takes company to court
MGX Minerals Inc. is facing a court case from its chairman, Marc Bruner. He claims that MGX has not issued shares that he was supposed to receive as part of his consulting agreement with the company.
- Energy Summary for May 16, 2018
Surge Energy acquires more Sparky assets and boosts its dividend. The Sparky seller, Altura Energy, will receive $28.4-million. B.C. Montney producer Storm Resources pleases investors with its first quarter results and a sunny forecast for the rest of the year.
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