Rockland Resources Raises $1.3 Million In Private Placement
Rockland Resources (CSE: RKL) has closed a previously announced financing. The company this morning indicated it has closed its non brokered private placement, which raised gross proceeds for the company of $1.3 million. Under the terms of the financing, a total of 6.5 million units of the company were sold at a price of $0.20 […]
RCMP to Begin Unfreezing Bank Accounts Locked Out Over Freedom Convoy Protests
The RCMP has been instructed to unfreeze the bank accounts of people that were locked out due to their financial contributions to the “illegal” Freedom Convoy blockades. The RCMP is working alongside banks to unfreeze accounts of Canadians that donated to, participated in, or organized the Freedom Convoy blockades in Ottawa and at major border […]
Justin Trudeau Revokes Emergencies Act
Prime Minister Justin Trudeau has finally brought an end to the unprecedented emergency measures that were invoked in response to the Freedom Convoy protestors that occupied the city of Ottawa and major border crossings. On Wednesday afternoon, Trudeau revoked the never-before-used Emergencies Act, after using the powers to grant additional authority to the government and […]
Canada Kills The Anonymity Case For Crypto
In what may be the largest blow to the use case for cryptocurrencies globally, it appears that the Canadian government has been successful in identifying a number of crypto accounts linked to protestors. In fact, as per the RCMP, a total of 235 bitcoin had been been frozen by the government in relation to the […]
DraftKings Earnings And 2022 Guidance Raises More Questions Than It Answers
On February 18, sports betting giant DraftKings Inc. (NASDAQ: DKNG) issued 4Q 2021 earnings results, as well as full-year 2022 revenue and cash flow guidance, that investors considered extremely disappointing. The stock fell plummeted US$4.77 or 22%, to US$17.29 after the results. Specifically, the company reported fourth quarter 2021 revenue and adjusted EBITDA of US$473 million and […]
Galaxy Digital: BMO Raises Concerns Related To Transition To US GAAP
Galaxy Digital (TSX: GLXY) filed their S-4 in respect to their acquisition of Bitgo Holdings in late January. A Form S-4 is required by an acquirer as the company completes its merger or acquisition of a company. If the merger or acquisition is material to the company, they have to file an S-4, which discloses […]
Justin Trudeau Announces Support for Ukraine, Sanctions Against Russia
Despite ongoing disarray and growing public discontent with the Liberal government’s vaccine mandates, Prime Minister Justin Trudeau has thrown Canada into yet another chaos, this time announcing military support for Ukraine and tough sanctions against Russia. On Monday, Russian President Vladimir Putin officially recognized the sovereignty of the Donbass region of eastern Ukraine, and sent […]
Crypto Aggregator Nukkleus To Be Taken Public In A SPAC Merger
Nukkleus, Inc. (OTC: NUKK) has announced a business combination agreement with the China-based special purpose acquisition company Brilliant Acquisition Corp. (Nasdaq: BRLI). The transaction values the company at a pre-merger enterprise value of US$140 million. The combined company, expected to operate under Nukkleus, will trade on the Nasdaq Capital Market under the symbol “NUKK”. “We […]
European Gas Prices Soar from Already High Levels Following Nord Stream 2 Halt
In a significant economic retaliatory measure against Russia’s decision to invade eastern Ukraine, Germany halted the certification of Russia’s giant Nord Stream 2 natural gas pipeline on February 22. Germany’s decision not to certify the US$11 billion, 5.3 billion cubic feet per day (Bcf/d) capacity pipeline means that gas cannot flow through the 750 miles of […]
Cathie Wood Liquidates 30 Million Shares In Palantir In Just 3 Trading Days
Ark Invest CEO Cathie Wood seems to be pulling out from software company Palantir Technologies (NYSE: PLTR). On Tuesday, the tech bull dumped 11.76 million shares on the company. This is on top of the approximately 18.28 million shares sold by the investment firm last week. Currently, Wood only holds around 0.29 million Palantir shares across […]