Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for June 22, 2017
Zimtu Capital has begun exploring its Munn Lake diamond project in the Northwest Territories. Advantage Lithium says its drilling at Cauchari in Argentina is going well. First Cobalt wants to acquire Cobaltech Mining for its Duncan Kerr project in Ontario.
- Gold Summary for June 22, 2017
Orezone Gold will drill new areas at Bombore based on a new understanding of old high-grade assays. Newcastle Gold is raising $15-million to explore Castle Mountain and repay debt. Osprey Gold Development has new assays from old drill core at Goldenville.
- Swisher's Kipp, Viard convicted in North Carolina
Swisher Hygiene Inc.'s former executives, Michael Kipp and Joanne Viard, have been convicted for a 2011 accounting fraud. A judge has found that they manipulated the company's books to hit earnings targets.
- Shell Summary for June 22, 2017
Michael England's capital pool shell, BTU Capital, closes its Ontario gold QT. Dave McMillan's NEX shell, Stem 7 Capital, drops its acquisition of an on-line used-car auctioneer. It now hopes to find a graphite target in Brazil.
- Energy Summary for June 22, 2017
Birchcliff Energy's CEO hints that dividend increases are on the way, if the government does not "kill" the energy industry first. The land rush continues in Raging River's new Duvernay play. Canacol Energy has yet to finalize its pipeline financing.
- Forcefield defendant Miyana facing $750,000 (U.S.) fine
Forcefield Energy Inc. defendant Maroof Miyana, who recently received just 90 days in jail, looks to be headed for relatively small fine as well. Prosecutors have asked that the judge set his penalty at $750,000 (U.S.) of a possible $30.1-million (U.S.).
- Diamond & Specialty Minerals Summary for June 21, 2017
Peregrine Diamonds has finally laid out a summer work plan for Chidliak. Durango Resources is mulling offers to acquire rare earth projects somewhere. Cypress Development has assays from its Dean lithium project in Nevada.
- Gold Summary for June 21, 2017
Red Pine Exploration has more assays from the Minto area of its Wawa gold project in Ontario. Pacton Gold has assayed gold at Tully West, just not the high grades it was seeking. Redstar has extended the strike length of its Shumagin zone in Alaska. Assays are pending.
- Shell Summary for June 21, 2017
Shabir Premji's first capital pool shell, P Squared Renewables, lists on the TSX-V. Seven-year-old capital pool shell Jinhua Capital replaces its directors (Francis Leong, Robert Naso and Johnny Pak) with Rana Vig,
Negar Adam and Spencer Smyl.
- Energy Summary for June 21, 2017
As Cenovus Energy's CEO prepares to step down, one shareholder says that is not good enough; he wants board changes too. Cardinal Energy raises $170-million for its acquisition from Apache. Spartan Energy's shareholders approve a 1-for-3 rollback.
- Shell Summary for June 20, 2017
Wade Dawe plans to list a capital pool shell, Duckworth Capital, with a $400,000 IPO at 10 cents. The shell's directors are James Megann and Carl Sheppard, both of Stockport Exploration, and Paul Sparkes.
- Diamond & Specialty Minerals Summary for June 20, 2017
Kennady Diamonds has some encouraging diamond recoveries from Kennady North. Leading Edge Materials has assays from its Bergby lithium project in Sweden. Stina Resources has expanded its Bisoni McKay vanadium play in Nevada.
- Gold Summary for June 20, 2017
First Mining Finance has a long hit of low-grade gold at Goldlund, in Northwestern Ontario. Newcastle Gold is hopeful about the grade of backfill in an old pit at Castle Mountain in California. NuLegacy Gold's new targets in Nevada are producing more risk than reward.
- Energy Summary for June 20, 2017
Cenovus Energy slumps on the unexpected exit of CEO Brian Ferguson, less than three months after he spearheaded an unpopular acquisition. EnCana sings its own praises in the Permian. MEG Energy enjoys insider buying as its stock heads toward new lows.
- Valeant ex Tanner says he was just doing his job
Valeant Pharmaceuticals Inc.'s former executive, Gary Tanner, denies that he did anything wrong in a kickback scheme. He claims that he was doing what Valeant paid him to do.
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