Stockwatch Street Wires
- Shell Summary for Sept. 19, 2019
Sayan Navaratnam's shell graduate and ride-sharing app developer, Facedrive Inc., began trading today. It closed at $20.45 on 10,500 shares. In connection with its launch, Facedrive raised $7.01-million at $15.84. It now plans to split its shares 10 for 1.
- Cannabis Summary for Sept. 19, 2019
Dionymed falls by over 50 per cent after restructuring its debt and receiving a request from lender Gotham Green to be repaid the $2.2-million (U.S.) it is owed. iAnthus enters a deal to buy a Nevada seed-to-sale cannabis company for $27.6-million (U.S.).
- Energy Summary for Sept. 19, 2019
Cenovus Energy prepares for its investor day coming up in less than two weeks, at which it will release an updated five-year plan. Athabasca Oil gets back to work in the Alberta Montney. Prairie Provident has a new reserve report on Evi.
- Diamond & Specialty Minerals Summary for Sept. 19, 2019
Lucara Diamond continues to do well at Karowe, just not as spectacularly as before. ALX Uranium is drilling its Close Lake uranium project in Saskatchewan. Fission 3.0 has a new president to help it chase uranium in Saskatchewan and Chile.
- SEC bans, fines Florida stock tout Sodi
The SEC has imposed a permanent ban and $1.26-million in penalties on Brian Sodi, the Florida stock tout known as the "Mailman." Still unknown is the identity of a Canadian accomplice.
- Gold Summary for Sept. 19, 2019
Ascot Resources has hit gold in a Premier gap, which bodes well for a coming resource update. Allegiant Gold has shuffled management to save cash and focus on its affairs. One of the departers is slated to become CEO of Calibre Mining.
- Raymond James, Clyne call off their legal spat
Raymond James Ltd. has ended the lawsuit that it filed against its former employee, Miles Clyne. The firm had complained about Mr. Clyne's handling of client accounts, while Mr. Clyne had countersued for wrongful dismissal.
- Shell Summary for Sept. 18, 2019
Mark Sumner's first capital pool shell,
Daura Capital, has closed its $200,000 IPO at 10 cents. It already has a QT target, Estrella Gold, a Peruvian gold explorer. Daura's stock will begin trading on Friday.
- Energy Summary for Sept. 18, 2019
Oil price bears start to poke their heads back out as Saudi Arabia calms fears of a supply shortage. NuVista Energy gains a large new investor. Tamarack Valley hypes its waterflood plans, and Alvopetro Energy dreams of starting a dividend.
- Cannabis Summary for Sept. 18, 2019
Supreme Cannabis records a $14.4-million loss on revenue of $41.8-million in fiscal 2019 with much-improved Q4 figures. The FDA investigates illnesses caused by vaping. Plus Products signs endorsement deals for the launch of its CBD products.
- Diamond & Specialty Minerals Summary for Sept. 18, 2019
American Lithium is plodding ahead with its two-month-old plan to raise $1-million. Nemaska Lithium is dealing with more financial matters at its stalled Whabouchi lithium mine in Quebec. Pacific Rim Cobalt cheers its recovery rates at Cyclops.
- Gold Summary for Sept. 18, 2019
Crystal Lake Mining has hit shallow areas of high-grade gold at Newmont Lake in northwestern B.C. Aben Resources has new assays from the North Boundary area of its Forrest Kerr gold project, also in northwestern B.C.
- Pivot sued over finder's fee on $15-million financing
Pivot Pharmaceuticals Inc. is facing a lawsuit over a finder's fee on a $15-million financing. Revelstoke businessman Aly Ismail claims that he introduced the investors to the company, but received nothing.
- MGX Minerals sued over Lazerson's security guards
MGX Minerals Inc. is a defendant in a lawsuit over "personal protection services" for its CEO, Jared Lazerson. The suit claims that MGX owes $176,398 after cancelling the services.
- Shell Summary for Sept. 17, 2019
Charles Chebry's second shell,
Castlecap Capital, releases the terms of its QT with Plexus Technology Corp., a bitcoin miner and aspiring natural gas power producer in Calgary. Plexus aims to raise $3.5-million at 80 cents.
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