Stockwatch Street Wires
- Cannabis Summary for Jan. 24, 2020
Aphria receives a $100-million investment from an unnamed institutional investor. Meta Growth falls after arranging a $10-million financing. 1933 Industries' founder, Brayden Sutton, resigns as a director. Medipharm files a statement of claim for a $9.8-million payment.
- Energy Summary for Jan. 24, 2020
EnCana officially renounces its Canadian-ness and becomes a U.S. company. Vermilion Energy mounts another defence of its dividend. Seven Generations squires analysts around the Montney, and Orca Exploration ends its "strategic review" without a suitor.
- Shell Summary for Jan. 24, 2020
Ted Manziaris and Catherine Wilson plan to list their first capital pool shell, Trillium Acquisition, with a
$200,000 to $4-million IPO at 10 cents. The IPO agent is Echelon Wealth Partners. The shell plans to seek a real estate QT.
- Gold Summary for Jan. 24, 2020
Eastmain Resources has assays from 13 holes at its Clearwater project in Quebec, but encouragement was hard to find. Unigold has new assays from the Candelones Extension in the Dominican Republic. Only one hit the mark, but investors were pleased.
- Diamond & Specialty Minerals Summary for Jan. 24, 2020
Mountain Province Diamonds had a good year mining and a poor year selling at its Gahcho Kue diamond mine. Niobay Metals is set to start drilling at its James Bay niobium project. Appia Energy is adding gallium to its Alces Lake wish list.
- Pump-and-dump defendant Lindsay lands in B.C. lawsuit
Ontario's Robert Salna has filed a lawsuit against Vancouver resident Oliver Lindsay. He says that Mr. Lindsay, who faces unrelated U.S. criminal charges, has avoided paying a $479,280 debt through "fraudulent misrepresentations."
- Shell Summary for Jan. 23, 2020
Marc Sontrop's third shell, Aim3 Ventures, has arranged a mining royalty and streaming deal for its QT; it is acquiring Vox Royalty. John Gamble and Bruce Bent's second shell, Roosevelt Capital, plans to acquire Frank Bellotti's cannabis start-up, Anahit International.
- Cannabis Summary for Jan. 23, 2020
Cresco Labs secures a loan for up to $100-million (U.S.) from an unnamed syndicate of lenders. The loan can be increased to $200-million (U.S.) if both sides agree. Centr's chairman Paul Meehan resigns and terminates Centr's distribution deal with G&W on his way out.
- Energy Summary for Jan. 23, 2020
Birchcliff Energy keeps its budgets high and investor satisfaction low. Pine Cliff Energy talks up its new oil wells in Alberta and enjoys insider buying. Condor Petroleum gets another dose of cash from its Kazakh asset sale.
- Gold Summary for Jan. 23, 2020
Benchmark Metals has encouraging new assays from Dukes Ridge, at Lawyers in B.C. New Carolin Gold disappointed investors with assays from Ladner in B.C. Seabridge Gold is waiting for assays from Snowstorm, a proximity play in Nevada.
- Diamond & Specialty Minerals Summary for Jan. 23, 2020
Lucara Diamond collaborates with Louis Vuitton to materially improve Sewelo, a huge diamond from Karowe. Garibaldi Resources has more high-grade nickel and cobalt at Nickel Mountain. Great Atlantic Resources has tungsten assays from South Quarry.
- SEC defendant St. Amour settles out of court
The SEC has reached an out-of-court settlement with Montreal's Jason St. Amour for his part in a Los Angeles area boiler room scheme. The regulator claimed that he was part of a group that pitched investors at least 41 thinly traded stocks.
- Shell Summary for Jan. 22, 2020
Jeremy Edelman's first shell, Hampton Bay Capital, has released the terms of its QT with Lendified Holdings, a small-business lender in Toronto. The shell has also provided more details about its target. Lendified is selling a $4-million private placement at 25 cents.
- Cannabis Summary for Jan. 22, 2020
Aphria receives EU GMP certification for its Aphria One operation in Ontario, allowing the company to ship cannabis products to Europe. Speakeasy outlines its plans for 2020, says it expects to grow 70,000 kg of marijuana outdoors. Canopy appoints Judy Schmeling as chairman.
- Energy Summary for Jan. 22, 2020
The Keystone XL pipeline wins U.S. approval to traverse federal land. Obsidian Energy touts "operating momentum" heading into 2020. InPlay Oil lays out its plans for 2020, and Questerre Energy closes a long-awaited asset acquisition in Quebec.
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