Stockwatch Street Wires
- Shell Summary for Oct. 21, 2019
Praveen Varshney's fourth capital pool shell, AAJ Capital 2, arranges a QT with HB Brand Partners, a U.S. food company. HB Brand plans to raise $7.1-million, partly by selling shares at 30 cents.
- Cannabis Summary for Oct. 21, 2019
Zenabis falls after announcing that it will push back its planned marijuana growing capacity expansions. Curaleaf shareholders extend their share lockup deal. High Tide records just under $800,000 in sales in the three-day stretch after Canada's legalization anniversary.
- Energy Summary for Oct. 21, 2019
All eyes are on the federal election, seen by some as nothing less than a referendum on the future of Canadian oil. Valeura Energy tanks on Turkish gas tests. Jadestone Energy nears production in Vietnam, and Crescent Point closes a big asset sale.
- Diamond & Specialty Minerals Summary for Oct. 21, 2019
A bulk test of Star Diamond's Saskatchewan pipes could have a spin-off benefit for its Alberta venture with Canterra Minerals. Alba Minerals has stumbled off the TSX-V but will soldier on with its Nevada lithium play. Vanadium One Iron is still seeking cash.
- Gold Summary for Oct. 21, 2019
Osisko Mining has bonanza-grade hits at Lynx, on its Windfall project in Quebec. Barrian Mining has promotable assays from its Bolo gold project in Nevada. Erdene Resource Development has studies of Bayan Khundii and Altan Nur in Mongolia.
- SEC says Forcefield's Kouyoumdjian ignoring charges
The SEC claims that Emmanuel Kouyoumdjian, a former broker charged for the Forcefield Energy Inc. scheme, is ignoring the case against him. The regulator accused him of raising money for Forcefield while receiving secret commissions.
- Cannabis Summary for Oct. 18, 2019
The Green Organic Dutchman falls again after announcing a plan to cut the initial growing capacity of its Valleyfield facility. Canopy Growth opens its 27th dispensary. Auxly dramatically reduces the conversion price of $100-million worth of debentures.
- Energy Summary for Oct. 18, 2019
Tourmaline Oil's CEO talks up the "exciting" new Topaz Energy. Painted Pony Energy unloads a bit of its undeveloped land in the B.C. Montney for $45-million. Parex Resources buys back shares, and Arrow Exploration loses its second CEO in six months.
- Shell Summary for Oct. 18, 2019
Patrick Langlois's first capital pool shell, Angus Ventures, has submitted a filing statement for its Ontario mining QT and expects to close the deal any day now. The shell has $1.54-million in its coffers and does not need to raise money as a condition for closing the QT.
- Diamond & Specialty Minerals Summary for Oct. 18, 2019
Mountain Province Diamonds had a tough summer quarter at its Gahcho Kue mine. Ucore Rare Metals is ramping up its promotion of the Bokan-Dotson Ridge critical metals project in Alaska. Gratomic will sell its Aukam graphite for Toda notes.
- Gold Summary for Oct. 18, 2019
Walker River Resources fell hard on low-grade assays from its high-grade Lapon project in Nevada. Benchmark Metals has new assays from channel sampling in a new area of its Lawyers project in B.C. Laurion Mineral Exploration has assays from Ishkoday in Ontario.
- Uniserve sues former president Mitha for self-dealing
Uniserve Communications Corp. is suing its former president, Hashim Mitha, over a proposed crypto-mining project in Powell River. The company claims that Mr. Mitha appropriated the project for another company.
- Shell Summary for Oct. 17, 2019
Doron Cohen's second capital pool shell, A-Labs Capital II, plans to launch an operator of Israeli medical clinics. The shell and its target aim to raise between $8-million (U.S.) and $10-million (U.S.), no terms yet.
- Cannabis Summary for Oct. 17, 2019
Agraflora spends $85-million to prepare for the legalization of edibles, extracts and topicals. 48North reaches a licensing deal that will see it bring the Apothecanna topicals brand to Canada. Supreme Cannabis founder John Fowler launches a cannabis-focused podcast.
- Energy Summary for Oct. 17, 2019
Valeura Energy says its Turkish operations are safe from the military offensive in Syria. Madalena Energy sees worsening oil prices in Argentina. Africa Energy gets a lift from a new energy plan approved by the government of South Africa.
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