Stockwatch Street Wires
- Shell Summary for Oct. 11, 2019
Thane Ritchie and Trevor Peters's first capital pool shell, Global Investments Capital, arranges a QT with an aspiring U.S. CBD products company, Clerisy Corp. The target plans to raise $3.6-million (U.S.), partly by selling shares at $1 (U.S.).
- Cannabis Summary for Oct. 11, 2019
Crop falls after announcing it has not paid outstanding interest on its debentures. Crop is trying to make major changes to the management of some of its struggling U.S. investments. Medmen's Stacey Hallerman resigns as a director. Trulieve shuffles three management jobs.
- MGX news releases temporarily restricted by judge
MGX Minerals Inc. will not be issuing any more releases about its dispute over the dismissal of CEO Jared Lazerson, at least for now. A judge has entered a temporary order that effectively keeps anybody from issuing news on the company's behalf.
- Energy Summary for Oct. 11, 2019
Tourmaline Oil pleases investors with its plans to spin off a dividend-paying royalty company. EnCana says its Newfield acquisition just keeps getting better. Pieridae Energy expects to close its Shell Canada deal in less than a week.
- Diamond & Specialty Minerals Summary for Oct. 11, 2019
Fura Gems has raised much of the cash it is seeking in a first tranche. Razore Rock Resources is optioning a rare earth prospect in Yukon from True North Gems. First Cobalt presses on with its feasibility study of reopening a cobalt refinery in Ontario.
- Gold Summary for Oct. 11, 2019
Strikepoint Gold has new assays from Willoughby in northwestern B.C. Roscan Gold has assays from termite targets at its Kandiole project in Mali and Mistango River Resources has assays from Omega in Ontario as a fight for control drags on.
- SEC defendant Alpine appeals $12-million (U.S.) fine
SEC defendant Alpine Securities Corp. has appealed the $12-million (U.S.) fine that a judge imposed over its years-long failure to report suspicious activity. The firm previously said that a large fine would amount to a "corporate death penalty."
- Shell Summary for Oct. 10, 2019
Marc Lustig's shell graduate and cannabis-focused investment firm, Trichome Financial, begins trading. Kenneth DeWyn plans to list his fourth shell, CYG Opportunities, with a $200,000 IPO at 10 cents. His third shell, Chainode Opportunities, has some updates.
- Cannabis Summary for Oct. 10, 2019
Hexo plummets after reducing its revenue expectation for fiscal Q4 to $14.5-million, down from $16.5-million. Village Farms falls after arranging a $25-million financing. Canopy Growth appoints Constellation Brands CFO and EVP David Klein as chairman.
- Energy Summary for Oct. 10, 2019
Frontera Energy talks up a busy third quarter. Canacol Energy drills another big gas well, but remains mum on Medellin. TransGlobe Energy goes on the hunt for acquisitions, and Bellatrix Exploration sees its creditor protection extended.
- Diamond & Specialty Minerals Summary for Oct. 10, 2019
Archon Minerals says Dominion Diamond Mines has found 10 new kimberlites at Ekati this year. Niocorp Developments has an arrangement to cut its taxes in Nebraska, should it ever get its Elk Creek mine running. Go Metals cheers Bloom and Beast at Monster in Yukon.
- Gold Summary for Oct. 10, 2019
New Gold is on track to hit its production guidance for the year after a solid third quarter. Great Bear Resources has new, but less promotable, assays from Dixie in Northwestern Ontario. Altamira Gold has a revised resource estimate for Cajueiro in Brazil.
- Cannabis Summary for Oct. 9, 2019
Acreage Holdings' CEO and chairman, Kevin Murphy, buys 100,000 Acreage shares as many U.S.-based cannabis companies see an influx of insider share purchases. Green Organic struggles to obtain financing for its construction in Ontario and Quebec.
- Energy Summary for Oct. 9, 2019
Western Canadian drilling activity hits a nearly 30-year low. Tourmaline Oil enjoys rising production, but sadly not a rising share price. Falcon Oil spuds its first well in three years in Australia, and CGX Energy and Frontera woo the locals in Guyana.
- Gold Summary for Oct. 9, 2019
Pure Gold Mining is cheering word of a low-grade gold hit at its high-grade Madsen project near Red Lake. Victoria Gold has approval for a hefty share consolidation as its Eagle gold mine in Yukon ramps up production.
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