Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for May 27, 2020
Tres-Or Resources has gotten its Guigues kimberlite core from Quebec to a Kelowna lab. Diamond counts will follow. SRG Mining has a new offtake deal for graphite from Lola, in Guinea. Gratomic has tweaked the delivery schedule for graphite sales form Aukam, in Namibia.
- Shell Summary for May 27, 2020
CYG Opportunities is selling a $200,000 IPO at 10 cents. The IPO investors of Chainode Opportunities are not doing well so far, following Chainode's QT. Tilting Capital plans to launch a Swedish gold explorer and to raise $3-million at "not less than" 20 cents.
- Energy Summary for May 27, 2020
Newfoundland calls on Ottawa to help rescue its struggling offshore oil industry. Touchstone Exploration secures a $20-million (U.S.) loan for Trinidadian drilling. Leucrotta Exploration toils away in the Montney, and Pieridae Energy expands its board.
- Cannabis Summary for May 27, 2020
Green Organic falls after reporting a $15.3-million operating loss in Q1 2020 and lower revenue. Rubicon Organics expects to raise $13.5-million, including a $2.35-million investment from a "sophisticated investor," while Cresco opens a sixth dispensary in Illinois.
- SEC halts purported PPE provider Micron
The SEC has halted Micron Waste Technologies Inc., a purported provider of masks and other protective gear. The regulator says there are questions about its ability to produce the products.
- Gold Summary for May 27, 2020
Barrick Gold is paying a Tanzanian tax bill for old Acacia. Mawson Resources has raised more cash for a new round of drilling at its Rajapalot gold project in Finland. Maple Gold Mines has new assays from the Douay project in northwestern Quebec.
- Diamond & Specialty Minerals Summary for May 26, 2020
Talmora Diamond needs cash, and word from Olivut Resources that it will continue to nudge its Seahorse project forward. Sienna Resources plans to press on with its Kuusamo nickel, cobalt and PGE project in Finland. Canada Rare Earth is selling some rare earth concentrate.
- Energy Summary for May 26, 2020
Oil markets could find balance as early as June, say analysts. Canadian bulls talk recovery, while U.S. bears dread rising bankruptcies. Vermilion Energy's overhaul continues to stir up speculation, and Advantage Oil cheers an update from its bankers.
- Shell Summary for May 26, 2020
Whatcom Capital reduces its IPO size to $375,000 from $500,000, still at 10 cents. It is selling a concurrent $375,000 private placement at 10 cents. Spartan Acquisition adds a director, Eugene Hodgson. This shell is selling a $400,000 to $800,000 IPO at 20 cents.
- Terrascend sued by cannabis marketing company
Terrascend Corp. is a defendant in a lawsuit from Hybrid Brand Management Inc., a Vancouver marketing firm. The suit complains that Terrascend prematurely ended an agreement between the companies.
- Cannabis Summary for May 26, 2020
Slang Worldwide slips after recording a $128-million impairment in Q4, as well as slightly declining revenue. Aphria announces plans to transfer its shares to Nasdaq from the NYSE (it will keep trading on the TSX too) and IM Cannabis continues its two-month tear.
- Gold Summary for May 26, 2020
Seabridge has closed its acquisition of 3 Aces from Golden Predator Mining, which will now direct its focus at Brewery Creek in Yukon. Melkior Resources cites activity by others as why its lacklustre Val d'Or project is now a key asset. Key or not, advancement will be slow.
- Diamond & Specialty Minerals Summary for May 25, 2020
Holders of bonds issued to take Dominion Diamond private in 2017 may be out of luck. Ucore Rare Metals has sold some convertible debentures, hopes to sell more. UEX has raised cash for exploration at Christie Lake in Saskatchewan.
- Shell Summary for May 25, 2020
Altina Capital plans to list with a $300,000 IPO at 10 cents. Its IPO agent is Haywood Securities. The shell's largest escrow shareholder is Terry Salman.
- Energy Summary for May 25, 2020
Vermilion Energy announces the abrupt exit of its CEO, to be replaced by a committee. It also brings back a familiar face. Suncor Energy officially loses its "dividend aristocrat" status, and Cardinal Energy seeks to ease its debt burdens.
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