Surge Energy To Acquire Alberta-Based Light Oil Firm For $160 Million
Surge Energy Inc. (TSX: SGY) reported today that it has entered an agreement with Astra Oil Corp. to purchase all of the latter’s issued and outstanding common shares for approximately $160 million. Astra Oil is an Alberta-based privately-held oil and natural gas producer with operations in South East Saskatchewan and South West Manitoba. The company […]
The Green Organic Dutchman Completes Sale Of Valleyfield Facility To Cannara Biotech
The Green Organic Dutchman Holdings (TSX: TGOD), through its wholly-owned subsidiary Medican Organic, announced this morning the completion of its previously announced sale of the majority of Medican’s assets in Valleyfield, Quebec to Cannara Biotech (TSXV: LOVE). The acquisition price is reported to be at $27 million, plus a $5.7 million deposit requirement per the […]
Inca One Gold In Discussions For Significant Gold Pre-Payment Facility
Inca One Gold Corp (TSXV: INCA) this morning provided a small update on its ongoing gold pre-payment facility. The facility, entered into with OCIM precious Metals SA, has enabled the company to significantly scale its operations as a result of the improved working capital position the facility provides. The facility itself amounts to US$2.5 million […]
Superior Gold Drills 14.8 g/t Gold Over 13.4 Metres At Plutonic
Superior Gold Inc. (TSXV: SGI) today released drill results from their current underground diamond drill program at the company’s flagship Plutonic Gold mine in Western Australia. Superior has provided results for 18 underground infill drill holes for an aggregate 2,143 metres of drilling, with 78% of the holes drilled showing significant intercepts. The results highlight […]
Azimut Exploration To Conduct $25 Million Bought Deal Offering
Azimut Exploration Inc. (TSXV: AZM) announced today that it has entered an agreement to conduct a bought deal private placement financing for aggregate proceeds of $25 million. The agreement was made with a syndicate of underwriters led by Paradigm Capital. The offering consists of 3.5 million flow-through shares at $3.32 per share and 7.1 million […]
New Found Gold Drills 150.28 g/t Gold Over 11.50 Metres At Lotto Zone
New Found Gold (TSXV: NFG) continues to report strong drill results from its Queensway Project in Newfoundland. The company this morning reported drill results from its Lotto Zone, which is roughly two kilometres north of is flagship Keats Zone, with the results pointing to strong gold mineralization at this zone as well. Drilling at Lotto […]
Montage Gold Intersects 301.8 Metres Of 0.60 g/t Gold, Feasibility Study To Be Released This Year
Montage Gold (TSXV: MAU) last night announced the latest infill drilling results for its Kone Gold Project, located in Cote d’Ivoire. The company also provided an update on the ongoing feasibility study and current project timelines. Infill drilling at the Kone Gold project continues to be robust, with a total of seven drill rigs currently […]
Canopy Growth Closes $259.5 Million Acquisition Of Supreme Cannabis
Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) has officially completed the previously announced acquisition of The Supreme Cannabis Company (TSX: FIRE). The closing of the acquisition pushes Canopy’s control of the overall Canadian recreational cannabis market to 18.1%. The transaction saw Canopy pay both cash and shares for the premium cannabis grower, although the cash […]
Lundin Mining: Downgrades Across The Board Following Guidance Cuts
Yesterday, on June 21st, Lundin Mining Corporation (TSX: LUN) cut their production guidance at Candelaria, causing the stock to drop 9.36% to $10.27. Lundin Mining said that they now expect 150,000 to 155,000 tons of copper and 85,000 to 90,000 ounces of gold for the full 2021 year. This lead to 8 analysts lowering their […]
UK Hedge Fund That Bet Against GameStop Closes Doors
A hedge fund that bet against video-game retailer GameStop (NYSE: GME) has been forced to shut its doors, after suffering extensive losses following a historic rally that sent meme stock shares skyrocketing. As reported by the Financial Times, White Square Capital, a UK-based hedge fund run by former Paulson & Co trader Florian Kronawitter, announced […]