Stockwatch Street Wires
- Shell Summary for Aug. 23, 2019
Francesco Aquilini's first shell, J55 Capital, expects to close its e-sports QT in early September. A related party, Aquilini GameCo, has raised $55-million for the deal. Alan Friedman's second capital pool shell, Tova Ventures II, was a success for its IPO investors.
- Cannabis Summary for Aug. 23, 2019
Aphria files a prospectus to raise up to $500-million (U.S.). 48North Cannabis enters a definitive agreement to acquire an American vaporizer hardware company for $2.1-million (U.S.). Rubicon closes an $8.45-million (U.S.) overnight offering.
- Energy Summary for Aug. 23, 2019
The Nebraska Supreme Court upholds the Keystone XL pipeline's route through the state. Birchcliff Energy and Pine Cliff Energy enjoy insider buying. Pengrowth Energy and others rejoice over Alberta's decision to remove some companies' production quotas.
- Diamond & Specialty Minerals Summary for Aug. 23, 2019
Dunnedin Ventures is losing its Kahuna focus, at least for this year. One World Lithium has a driller for its Salar del Diablo lithium project in Mexico. Ucore Rare Metals is schmoozing the U.S. government for support at Alaska's Bokan-Dotson Ridge.
- Gold Summary for Aug. 23, 2019
Red Lake Gold is seeking cash to explore Whirlwind Jack, near Red Lake. Platinex is dropping its move to cannabis to return to gold, here it again has high hopes. Nexus Gold is looking to generate a gold project with Hawkmoon Resources.
- IIROC cites Shields for options trading fiasco
IIROC has filed a case against Yonathan Shields, an employee of R.J. O'Brien & Associates, for an options strategy that resulted in losses of $1.3-million (U.S.) for clients. The regulator cites him for failing to made suitable recommendations.
- Shell Summary for Aug. 22, 2019
first shell, Spirit Banner, releases the terms of its mining QT. Its target, Ion Energy, is raising $1-million at 30 cents. Rob Berner, Mark Harms and Paul Walsh's TSX SPAC, Bespoke Capital, sells a $350-million (U.S.) IPO and plans to seek a cannabis deal.
- Cannabis Summary for Aug. 22, 2019
Cresco Labs loses $3.91-million (U.S.) on revenue of $29.9-million (U.S.) in the second quarter. Body and Mind shuffles management, including the appointment of Mike Mills as president and interim CEO. TerrAscend posts revenue of $17.6-million in Q2, boosts 2019 guidance.
- Energy Summary for Aug. 22, 2019
Construction resumes on the Trans Mountain pipeline expansion. Razor Energy returns to its old acquisitive ways by buying Little Rock Resources. Falcon Oil moves closer to drilling in Australia, and Pan Orient moves further from drilling in Indonesia.
- Diamond & Specialty Minerals Summary for Aug. 22, 2019
Commerce Resources has rejigged its proposed financing following a rollback. Giga Metals touts its promotion plan. International Battery Metals is seeking cash for its mobile plan. Far Resources has spruced up its promotion, but one must be patient to hear of exploration.
- Gold Summary for Aug. 22, 2019
MacDonald Mines Exploration got a boost when it eyeballed several pinhead shards of gold in core from its Scadding project, east of Sudbury. GoGold Resources has accelerated its acquisition of the Los Ricos project in Mexico. It likes what is sees, but also got a deal.
- Shell Summary for Aug. 21, 2019
Gunther Roehlig's capital pool shell, Yuntone Capital, rekindles a deal with its former QT target, an aspiring B.C. marijuana producer called GrowX Global. The shell is raising $350,000 at 15 cents.
- Energy Summary for Aug. 21, 2019
Alberta extends its mandatory production curtailments to the end of 2020. Gear Energy's CEO talks up its sturdy balance sheet. Eco (Atlantic)'s investors remain buoyant following last week's Guyanese discovery, and Bellatrix Exploration has a new CFO.
- Cannabis Summary for Aug. 21, 2019
Yield Growth plans to launch its hemp skin care brand Urban Juve at the ipsy Live event in New York in October. Kalytera raises $1.5-million in a financing that involved company insiders. Zenabis increases its debt financing from R.C. Morris to $50-million.
- Diamond & Specialty Minerals Summary for Aug. 21, 2019
Pangolin Diamonds has new drill targets at MSC in Botswana and it hopes to drill them this year. Bearing Lithium has appointed Gil Playford, a major shareholder, to be its chairman. Largo Resources plans to sell its own vanadium oxide starting nest spring.
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