Stockwatch Street Wires
- 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.
- Diamond & Specialty Minerals Summary for June 19, 2017
New Nadina Explorations wants a permit extension for Monument, in the Northwest Territories. Cruz Cobalt is getting set to work Idaho Star, a cobalt play in Idaho. New Age Metals wants a partner for a Manitoba lithium project.
- Gold Summary for June 19, 2017
Wallbridge Mining has received encouraging assays of precious metals at Parkin Offset, near Sudbury. Great Panther Silver has drilled higher-grade gold at its San Ignacio mine in Mexico. Canada Strategic Metals and Matamec Explorations have hit more gold at Sakami in Quebec.
- Shell Summary for June 19, 2017
Chuck Rifici plans to list his first shell, Buzz Capital, with a $420,000 IPO at 10 cents. With people like Lorne Gertner, Hugo Alves and John Fowler behind it, the shell gives off a strong scent of weed. It does have the odd oil and gas man on board, Brett Wilson.
- Energy Summary for June 19, 2017
Oil sands producers should face fines and suspensions if they emit too much, says an advisory group. Parex Resources basks in analyst attention. Enerplus watches a U.S. takeover from the sidelines, and Crescent Point's investors await a budget update.
- Eight Capital men look to identify on-line detractor
Toronto businessmen Mark Attanasio and Donata Sferra have gone to court seeking the identity of Stockhouse poster "MadeIn86." They say that he was behind a single defamatory forum message.
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