Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for Nov. 17, 2017
Arctic Star Exploration is closing its acquisition of a diamond project in Finland. Niobay Metals has a resource estimate for its James Bay niobium project in Ontario. Power Metals is nearly finished drilling at Case Lake, a lithium prospect in Ontario.
- Gold Summary for Nov. 17, 2017
Goldquest Mining has acquired new ground in the Dominican Republic while it awaits an exploitation licence for Romero. Independence Gold has assays from Sunrise/Sunset at Boulevard in Yukon. Northern Superior Resources touts high-grade shoots at Croteau.
- Shell Summary for Nov. 17, 2017
Ron Ho's first capital pool shell, Spada Gold, arranges a gold mining QT with Mr. Ho's employer, Sandstorm Gold. The shell is acquiring three gold properties in Ivory Coast and is selling a $3-million private placement at 25 cents.
- Energy Summary for Nov. 17, 2017
Kelt Exploration talks up its 2018 plans. Athabasca Oil director Henry Sykes resigns, having joined the board of Pembina Pipeline. Questfire's lenders, finally out of patience, seek to put it in receivership. Questfire's merger with Manitok Energy is cancelled.
- Petrowest ex Peyton fired after altercation at Site C
Petrowest Corp.'s former Site C manager, Kent Peyton, lost his job after a physical altercation and an incident of verbal abuse, according to a court filing. His actions amounted to just cause for dismissal, the filing states.
- Diamond & Specialty Minerals Summary for Nov. 16, 2017
Kennady Diamonds is planning another busy year at its Kennady North diamond project in the Northwest Territories. Vanadiumcorp Resource has its preliminary economic assessment of Lac Dore in Quebec. Lico Energy Metals has wrapped up drilling for cobalt in Ontario.
- Gold Summary for Nov. 16, 2017
Teranga Gold has hit high-grade gold at a new discovery on its Golden Hill project in Burkina Faso. Iamgold has encouraging new assays from Saramacca in Suriname. Pure Gold Mining has high-grade assays from its Madsen project in Northwestern Ontario.
- Shell Summary for Nov. 16, 2017
Ross MacLachlan and Rick Wilson's first shell, Lions Bay Capital, closes its QT with John Byrne's Pan Andean Capital. The resulting issuer is an investment company.
- Energy Summary for Nov. 16, 2017
Seven Generations alarms investors with a high capital budget for 2018. Surge Energy closes its $44.5-million debenture financing and receives glowing reports from analysts. Obsidian Energy settles its SEC case for $8.5-million (U.S.).
- ASC cites Cash Store, execs for misleading disclosure
The Alberta Securities Commission has begun proceedings against Cash Store Financial Services Inc., a defunct provider of short-term loans. The regulator claims that the company and two former officers provided false and misleading disclosure.
- Energy Summary for Nov. 15, 2017
ARC Resources sets an unexpectedly cautious budget for 2018. RMP Energy's third quarter financials draw mixed reactions. Canacol Energy touts another gas discovery, but also faces another pipeline delay. Madalena Energy dreams of doubling production in Argentina.
- Gold Summary for Nov. 15, 2017
Genesis Metals fell on a new batch of assays from Chevrier in Quebec. Gold Standard Ventures says assays from scout drilling near North Bullion in Nevada bode well for the project. K92 Mining has new assays from Kora, at its Kainantu mine in Papua New Guinea.
- Diamond & Specialty Minerals Summary for Nov. 15, 2017
New Nadina Explorations has another two years to drill its Monument diamond project at Lac de Gras. Cobalt Power Group has assayed high-grade cobalt over a narrow interval at Smith, in Ontario. Quantum Cobalt is raising more cash than expected.
- Obsidian Energy agrees to $8.5M (U.S.) fine
Obsidian Energy Ltd. has agreed to pay $8.5-million (U.S.) to settle an accounting fraud case filed by the SEC. The regulator claimed that Obsidian understated its operating expenses by at least $281-million (U.S.).
- Diamond & Specialty Minerals Summary for Nov. 14, 2017
Mountain Province made a profit in its summer quarter, thanks to strong grades and a strong dollar. NextSource Materials wants to move its domicile to Canada to cut costs. Castle Silver Resources touts its cobalt grades at Castle, in Ontario
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