New Found Gold Executives Exercise $5.25 Million Worth Of Options
New Found Gold (TSXV: NFG) this morning issued a release touting insider transactions for the company. The junior gold explorer has seen two executives, Chairman Collin Kettell and CEO Craig Roberts, exercise options to the tune of $5.25 million, bringing in additional working capital for the firm. Executive Chairman Kettell exercised a total of 4.28 […]
PowerBand Solutions Appoints Shibu Abraham As CFO
PowerBand Solutions (TSXV: PBX) this morning announced the appointment of a Chief Financial Officer. Shibu Abraham, CPA, will be taking on the role effective immediately. Abraham reportedly has twenty five years of accounting and financial management experience, having worked in both public and private settings. Most recently the CFO of a fintech operation where he […]
Cenovus Energy Completes Acquisition Of Husky Energy
The previously announced $23.6 billion all stock transaction between Cenovus Energy (TSX: CVE) and Husky Energy (TSX: HSE) has completed, with Husky now being a wholly owned subsidiary of Cenovus. Husky shareholders received 0.7845 of a Cenovus common share and 0.0651 of a Cenovus common share purchase warrant for each share of Husky previously held. […]
Bitfarms Secures $20.0 Million Investment From US Institutions
Bitfarms Ltd (TSXV: BITF) this morning announced that it has secured a private placement with institutional investors from the United States. In total, the institutions have agreed to subscribe to C$20.0 million worth of the firms equity in a private placement. The private placement will see units of the company sold at $2.25 each. Each […]
Zenabis Global Sells Bevo Agro, Arranges $7.0 Million Cannabis Purchase To Satisfy Certain Debt
Zenabis Global (TSX: ZENA) this morning announced that it has sold off that of Bevo Farms, the firms propagation subsidiary, to that of Langley Propagation and Floral Company Ltd in an overly complex transaction. The transaction will effectively remove $42.5 million of debt from Zenabis’ balance sheet, all of which was held at a charter […]
Gold Lion Assays 0.45 G/T Gold Over 174 Metres In Trench
Gold Lion Resources (CSE: GL) this morning released the first results from trenching that took place late last year at its Robber Gulch property, located near Burley, Idaho. The company saw a trench on the property, referred to as RG-TR-20-03 assay 0.45 g/t gold over 174 metres, including 0.88 g/t gold over 45 metres. The […]
Hive Blockchain Announces Purchase of 4,180 Miners, Preliminary Quarterly Mining Results
Hive Blockchain (TSXV: HIVE) this morning announced that it is significantly improving its bitcoin mining operation. The company has announced the purchase of 4,180 additional bitcoin miners, adding a total of 334 petahash per second in computing power to its capacity. The additional miners, which are the latest generation of the MicroBT WhastMiner M31S, will […]
Datametrex Confirms COVID-19 Test Kits Are Capable Of Detecting New Strain Of Virus
Datametrex AI Limited (TSXV: DM) this morning issued a quick update to the market. The company has indicated that it has received confirmation from its supplier for the 1copy™ COVID-19 qPCR Multi Kit, which is Health Canada approved, that it is capable of detecting the new strain of COVID-19. The new coronavirus strain, which is […]
Tesla Plans to Sell Model 3 in India Beginning in 2021
Despite Tesla’s growing rift with the Chinese government, coupled with rising concerns regarding its gigafactory construction in Germany, it appears that Elon Musk has decided to take his concoction of suspension problems and flying roofs to India. According to Reuters, Tesla has revealed it plans to make an entrance into India’s EV market, and launch […]
Another Giant E&P Company Enters Bitcoin Mining Industry; Negative Margin Implications For Legacy Miners
Very uncharacteristically, Canadian Bitcoin mining stocks, such as Bitfarms Ltd. (TSXV: BITF), Hut 8 Mining Corp. (TSX: HUT) and HIVE Blockchain Technologies Ltd. (TSXV: HIVE), have retreated over the past two weeks despite a continued sharp rise in the price of Bitcoin. Typically, the miners appreciate more sharply than the underlying cryptocurrency during pronounced Bitcoin rallies […]