Stockwatch Street Wires
- Shell Summary for Aug. 16, 2019
Kevin Smith, 34, plans to list his first capital pool shell, Freeform Capital, with a $200,000 IPO at 10 cents. Among his fellow directors are three accountants, including a one-time junior mining stock promoter.
- Cannabis Summary for Aug. 16, 2019
Statistics Canada's survey shows that 42 per cent of cannabis users reported buying the drug illegally during Q2. Green Organic Dutchman completes its first shipment to Ontario. Auxly Cannabis releases its second quarter results after a busy few weeks.
- Energy Summary for Aug. 16, 2019
OPEC delivers a bearish oil market outlook for the rest of 2019. Perpetual Energy claims to emerge mostly victorious from its courtroom battle against Sequoia Resources. Bellatrix Exploration woos U.S. investors, and Pipestone Energy has a new COO.
- SEC fines BMO $3.96M (U.S.) for ADR improprieties
The SEC has fined BMO Capital Markets $3.96-million (U.S.) for failing to properly supervise employees who handled so-called "pre-release" ADRs. The firm was among several that abused rules surrounding ADRs, the SEC says.
- Diamond & Specialty Minerals Summary for Aug. 16, 2019
Mountain Province Diamonds may slip off the Nasdaq exchange. Appia Energy has wrapped up drilling at its Alces Lake rare earth project in Saskatchewan. Defense Metals has begun drilling its Wicheeda rare earth project in B.C.
- Gold Summary for Aug. 16, 2019
Fremont Gold is selling Gold Canyon to McEwen Mining. Ivanhoe Mines has topped up its treasury with more Chinese cash as a comfortable cushion for its mammoth Kamoa-Kakula mine in the DRC. Roscan Gold has new gold assays from termite targets at its Mankouke project in Mali.
- SEC seeks $203,174 (U.S.) default judgment for Dalmy
The SEC has asked for up to $203,174 (U.S.) in penalties and for a permanent injunction against Vancouver-linked securities lawyer Diane Dalmy. The regulator accused her of circumventing a 2015 ban.
- Shell Summary for Aug. 15, 2019
Sean Mager and John Williamson plan to list a capital pool shell called Duro Metals with a $300,000 IPO at 10 cents. The IPO agent is Mackie Research. Haywood is selling a $220,000 IPO at 10 cents for Mr. Mager and Mr. Williamson's other capital pool shell, Cortus Metals.
- Cannabis Summary for Aug. 15, 2019
Canopy Growth falls after disappointing fiscal Q1 results in which its revenue declined from the previous quarter. Harvest Health loses $20.6-million (U.S.) on revenue of $26.6-million (U.S.) in Q2. Aurora increases its credit facility with BMO to $360-million.
- Energy Summary for Aug. 15, 2019
EnCana tweaks its share buyback program in light of the stock's over-10-per-cent plunge since the program's announcement. Birchcliff Energy bucks the trend of belt-tightening and hikes its 2019 budget. Journey Energy sings the praises of the Duvernay.
- Diamond & Specialty Minerals Summary for Aug. 15, 2019
Stornoway Diamond has more bad news for its shareholders. Rockridge Resources has a maiden resource estimate for its Knife Lake project in Saskatchewan. Cobalt 27 Capital will seek approval next month for its acquisition by Pala.
- Gold Summary for Aug 15, 2019
Wallbridge Mining is expanding its drill program at Fenelon, in Quebec, to better define the gold footprint. GT Gold is ramping up its drill program at Tatogga in northwestern B.C. Reunion Gold has assays from drilling at Boulanger in French Guiana.
- Shell Summary for Aug. 14, 2019
Laurence Rose's first capital pool shell, ADL Ventures, plans to launch Real Technology Broker, an Israeli/American app developer. Real Technology offers an app to real estate agents.
- Cannabis Summary for Aug. 14, 2019
Supreme Cannabis estimates revenue of $19-million in fiscal Q4, up from $9.9-million in fiscal Q3. Green Organic falls after posting a Q2 net loss of $16.6-million on revenue of $2.9-million. Sunniva plummets amidst more construction delays in California and capital issues.
- Energy Summary for Aug. 14, 2019
Obsidian Energy gets back to work in the Alberta Cardium. Storm Resources cuts its 2019 guidance, blaming third party gas plant outages, and keeps working on its own gas plant. Advantage Oil and BNK Petroleum go a-courting investors in the U.S.
Click here for more Street Wires.