West Red Lake Gold Commences 2020 Drill Program
West Red Lake Gold (CSE: RLG) this morning announced that a 3,000 metre drill program is currently underway on the NT Zone of the firms flagship project in Northwestern Ontario. Drilling is targeting below recent positive results while also testing along strike. The 2020 exploration program is being conducted as a follow up to the […]
IAMGOLD Sees Work Stoppage At Rosebel Gold Mine Due To COVID-19 Infections
IAMGOLD (TSX: IMG) announced this morning that work has stopped at its Rosebel Gold Mine operation in Suriname, South America after seven personnel were found to be infected with COVID-19. Work stopped was a result of union resistance to certain measures required. The individuals found to be diagnosed with the virus have been quarantined and […]
Acreage Holdings Announces Loan Bearing 60% Interest Per Annum
It appears that Acreage Holdings (CSE: ACRG.u) is tight for money in a major way. The company announced this morning that it has entered a loan for short term funding at an astounding interest rate of 60% per annum, in addition to a massive fee in the event of default. The loan in question is […]
Namaste Tech Prepares To Walk From Choklat Investment
It appears that Namaste Tech (TSXV: N) is about done with that of Choklat Inc, the firms 49% owned cannabis 2.0 edibles producer. The company announced this morning that Nasmate CEO Meni Morim has resigned from Choklat’s board of directors due to an apparent spat, but further details are unclear. Whatever the disagreement may be […]
Hexo Conducts Financing For Third Month In A Row, This Time Via ATM Program
Hexo Corp (TSX: HEXO) (NYSE: HEXO) is somehow looking for even more money. The company announced this morning, for what is at least the third month in a row, yet another financing. This time, its in the form of an at the market equity program, with total funds raised expected to total $34.5 million. The […]
Federal Government Working on Extending CERB Payments for Canadians
As announced earlier, the Canadian Federal government is currently coming up with a plan to present to parliament regarding the extension of CERB payments. Earlier on Monday, Canadian Prime Minister Justin Trudeau announced he will provide further details later in the week regarding how exactly the federal government plans to extend CERB payments. Although restrictions […]
Foreign Countries Reducing US Treasuries, Opt for Gold Reserves
As the vast majority of the global economy was shut down in response to the severity of the coronavirus pandemic, foreign holdings of US government debt declined to a new low for the month of April. Foreign sales of treasuries declined from $299 billion in the month of March to $177 billion in April. Although […]
Beleave Appoints Former CEO As Chief Restructuring Officer, Enters Stalking Horse Sales Process
Beleave Inc (CSE: BE) has seen its previously proposed stalking horse sale process approved by the courts, with Grant Thornton Limited appointed as monitor for the process. The company has also appointed a chief restructuring officer in connection with the court order. Former CEO (and most recently, interim CEO and COO) Bill Panagiotakapoulos has been […]
Federal Tax Receipts Fall Three Times Greater Than Reported Unemployment Numbers, Suggestive of Employment Data Inaccuracy
Amid the unprecedented onset of the coronavirus pandemic, many Americans suddenly found themselves under mandatory physical distancing measures and economic lockdowns. As a result, unemployment numbers began soaring into the millions, and the US Bureau of Labour Statistics (BLS) was of course in charge of the keeping up-to-date track of the exponentially changing employment rate. […]
Hertz Granted Approval from Bankruptcy Judge to Continue with Worthless Equity Offering
Once again, lets shine the spotlight on the infamously bankrupt car rental company Hertz Global (NYSE: HTZ). As postulated last week, it does in fact appear that all rationality has flown out the window, as a bankruptcy judge did in fact approve Hertz’s and Jefferies LLC’s equity offering, instead of sending it to paper shredder. […]