Stockwatch Street Wires
- CMKM's Edwards looking for out-of-court deal
CMKM Diamonds Inc. defendant John Edwards looks to be in negotiations for a plea agreement. Lawyers in the case have asked for a delay in the trial, with one of the reasons being an attempt by Mr. Edwards at resolving the case.
- Shell Summary for May 19, 2017
Benoit Chotard's shell, Orletto Capital, closes its pharma QT and renames itself Devonian Health. Peter Hughes's shell, Broome Capital, closes its Saskatchewan uranium QT. Reza Satchu's SPAC, Alignvest Acquisition II, increases its IPO to $350-million from $250-million.
- Gold Summary for May 19, 2017
Antioquia Gold rebounded today after it said it knew of nothing bad that it should be saying. Renaissance Gold is being left on its own at the Arabia gold play in Nevada. Osisko Mining has more assays from Windfall in Quebec.
- Diamond & Specialty Minerals Summary for May 19, 2017
Dominion Diamond has a maiden resource estimate for a big pipe at Ekati. Latin American Minerals is raising cash for Paraguay projects. Leading Edge Materials says Woxna graphite works well in lithium-ion batteries.
- Energy Summary for May 19, 2017
Analysts await Adam Waterous's next move at Northern Blizzard. The private Vesta Energy looks to raise $300-million for work in the Duvernay, where the public InPlay Oil is planning to explore later this year. Blackbird Energy hits a snag in the Montney.
- SEC defendant Heatherington remains hard to find
SEC defendant Colin Heatherington, wanted by the FBI for an international market manipulation scheme, is proving hard to find. Process servers in an unrelated civil case have tracked him to addresses on Vancouver Island, but have yet to locate him.
- Shell Summary for May 18, 2017
Kelly Klatik's capital pool shell, Druk Capital, did well for its IPO shareholders. Guy L'Africain's capital pool shell, OphiraVencap Inc., did not. Both shells launched Quebec gold mining juniors: Falco Resources and Knick Exploration, respectively.
- Diamond & Specialty Minerals Summary for May 18, 2017
Five Star Diamonds is busy working another of its several Brazilian diamond projects. Vanadiumcorp Resource has closed an oversubscribed placement. Graphite One Resources mulls its processing options for Graphite Creek.
- Gold Summary for May 18, 2017
Barkerville Gold mines has another batch of assay encouragement from Island Mountain in the Cariboo district. Aton Resources has new assays from Hamama West in Egypt. Matamec Explorations likes the latest results from Sakami in Quebec.
- Energy Summary for May 18, 2017
Cenovus Energy closes its $17.7-billion acquisition from ConocoPhillips, although questions linger as to whether shareholders deserved a vote on the deal. Bellatrix Exploration settles on a 1-for-5 rollback. Penn West trumpets its new credit arrangement.
- Forcefield defendant Khan facing up to 10 years
Forcefield Energy Inc. defendant Naveed Khan should receive up to 10 years in prison, prosecutors say. He used the accounts of 47 clients to buy Forcefield shares in return for secret kickbacks.
- Diamond & Specialty Minerals Summary for May 17, 2017
Tsodilo Resources is wrapping up pilot drilling at its BK-16 pipe in Botswana. Bulk testing will follow. Alphamin Resources hopes to borrow $80-million (U.S.) for its Bisie tin mine. Saint Jean Carbon is seeking cash for its graphite promotion.
- Gold Summary for May 17, 2017
Trek Mining has received high-grade assays from its Aurizona gold project in Brazil that bode well for the life of a proposed mine. Red Pine Exploration is expanding its drill program at Wawa. Pacton Gold has acquired an option on three Red Lake blocks from Frontline Gold.
- Shell Summary for May 17, 2017
Ian Burns's capital pool shell, Montreux Capital, submits a filing statement for its QT with Colorado medical device company Assure Holdings. The resulting issuer's board will comprise Preston Parsons, Matthew Willer, Martin Burian and John Farlinger.
- Energy Summary for May 17, 2017
Painted Pony closes its takeover of UGR Blair Creek and adds Paul Beitel and George Voneiff to its board. RMP Energy faces delays in the Montney, but says its plans for the year are still intact. Pengrowth Energy's NYSE listing is in trouble again.
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