Wallbridge To Conduct $56.0 Million Bought Deal Financing
Wallbridge Mining (TSX: WM) this morning announced that it is conducting a bought deal financing to the tune of $56.0 million following yesterdays transaction announcement with Kirkland Lake Gold (TSX: KL). The company will see its common shares sold at a price of $1.15 under the financing. The financing will see a total of 49.0 […]
Revive Sees Expanded Access Protocol Approved For Compassionate Use Of Bucillamine
Revive Therapeutics (CSE: RVV) this morning announced that it has received approval from the Independent Institutional Review Board (IRB) for an expanded access protocol for compassionate use of Bucillamine in the treatment of COVID-19. The compassionate use protocol is being completed to complement Revive’s Phase 3 study for the treatment of COVID-19. The expanded access […]
US Government Backs Down on 10% Aluminum Tariffs Day Before Canada Poised to Announce Details of Retaliatory Measures
After US President Donald Trump recently announced a 10% tariff on aluminium imports from Canada, now-Finance Minister Chrystia Freeland immediately vowed to retaliate with dollar-for-dollar measures. Now however, it appears that Canada’s firm threat was too much for the US, and as a result the US government backed down and removed its reimposed tariffs. A […]
Market Movers: GIGA Metals Goes Electric
A Friday September 11th Globe and Mail report that Tesla (NASDAQ: TSLA) was in talks to buy “low-carbon nickel” from BC exploration company GIGA Metals (TSXV: GIGA) set off a wave of speculation that took the TSX Venture listed company from $0.57 to $1.50 over two days of trading, triggering halts from the TSX.V’s single […]
Federal Government Receives Warning From Canadian Banks On Out Of Control Deficit Spending
As the Canadian Liberal government eagerly anticipates to begin a second bout of stimulus spending come September 23, several of the country’s largest banks have sounded the alarm of bottomless budget deficits. Last Thursday, Chrystia Freeland, the new Finance Minister replacing Bill Morneau, held a call with several Canadian banks to deliberate potential economic policies […]
WTO Determines US Is In Violation of International Trade Rules Regarding 2018 China Tariffs
Back in 2018, the Trump administration imposed a series of tariffs targeting Chinese goods, which ultimately led to a widely publicized dispute between the two countries. However, a recent ruling by the World Trade Organization (WTO) determined that the US violated two provisions under the General Agreement on Tariffs and Trade (GATT) treaty – something […]
Delta Airlines Resorts to Frequent Flyer Program to Back $6.5 Billion Loan As US Air Travel Remains 74% Below Pre-Pandemic Levels
With no end in sight to the coronavirus pandemic, the demand for air travel remains subdued. As a result, airlines across the US continue to struggle to remain afloat as they look for new means of raising liquidity. Delta Airlines has recently announced that it plans to borrow up to $6.5 billion backed by its […]
Canaccord Genuity Downgrades Charlotte’s Web Price Target To C$7.75 From C$9
Yesterday, Charlotte’s Web Holdings (TSX: CWEB) reported their second-quarter 2020 financials. Consolidated revenue came in at $21.6 million, and adjusted gross profit was $14 million with an adjusted EBITDA loss of $5.7 million. They reported $99.8 million in cash this quarter after having completed a $54 million financing this quarter. Canaccord was the first bank […]
Spruce Ridge Amends Option Agreement On Two Newfoundland Properties
Spruce Ridge Resources (TSXV: SHL) this morning announced that it has amended an option agreement related to its Viking and Kramer properties, located near White Bay, Newfoundland. The original agreements date back to February 2016, wherein Spruce Ridge agreed to option out the properties to Anaconda Mining. The amended option arrangement has now been assigned […]
Blackrock Mulls Spinout Of Former Flagship Property Silver Cloud
Blackrock Gold Corp (TSXV: BRC) is looking to unlock some value for shareholders. The company announced this morning that it intends to spin out its former flagship property, Silver Cloud, into a new public issuer. The move comes as recent discoveries at Tonopah West have resulted in the company refocusing its current exploration efforts. The […]