Argonaut Gold Snubs Shareholders With Financing That Will Dilute Shares Over 50%
Argonaut Gold (TSX: AR) yesterday decided it no longer cares for its shareholders so long as it can get the Magino Project to the finish line and into production. The company last night announced a financing for $195 million – which will have a significant impact on a firm currently valued at $189.6 million. The […]
Alameda Research Returns 4.5 Million Shares Of Voyager Digital To Avoid Being A Reporting Insider
In what appears to be the week that will never end, Voyager Digital (TSX: VOYG) received another kick in the teeth last night, when it was announced that major shareholder Alameda Research had voluntarily given up a significant percentage of its holdings in the company. Alameda last night disposed of 4.5 million shares, reducing its […]
Ontario Bans KuCoin Permanently, Settles With Bybit For US$2.5 Million
The continuing enforcement of the Ontario Securities Commission (OSC) on cryptocurrency firms has turned its attention to non-compliant KuCoin and ByBit. The agency announced on Wednesday the Capital Markets Tribunal’s decisions on the enforcement actions against the two crypto exchanges. OSC claimed that both firms “operate unregistered crypto asset trading platforms,” as well as “trade […]
“He’s Mildly Sensitive”: Biden Says About Chevron CEO For Calling Out The White House On “Vilifying” Oil Industry
Speaking at a briefing on Tuesday, President Joe Biden commented on the letter from Chevron chairman and chief executive Michael Wirth where he called out the White House for “largely seeking to criticize, at time vilify” the oil industry. “He’s mildly sensitive. I didn’t know they’d get their feelings hurt that quickly,” the president said. […]
Musk Says New Tesla Factories Are “Gigantic Money Furnaces Right Now”
The recently opened manufacturing facilities in Germany and Texas are “losing billions of dollars” for Tesla (Nasdaq: TSLA), according to CEO Elon Musk himself. Battery shortages and COVID-related Shanghai shutdowns were the main reasons cited by the executive. “Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It’s really like a giant […]
Netflix Lays Off 300 Employees, To Bring Ads To Streaming Platform
Netflix (NASDAQ: NFLX) appears to be struggling as a result of the loss of growth in the tech space. It was revealed this morning that the company has conducted another round of layoffs, which evidently has been blamed on the depressed subscriber numbers of the company. A total of roughly 300 employees were let go […]
Swarmio: Ember Gaming Platform Walkthrough
Joining us today is Aseef Khan, VP for Gaming and Esports at Swarmio Media (CSE: SWRM). He will take us through the Ember Gaming Platform, which was recently launched in Tunisia under the banner of Ooredoo EZ, and in the Philippines as Globe Gamer Grounds. Swarmio Media engages telecommunications and esports firms with solutions that […]
RooGold Closes Out Sampling Program At Arthurs Seat Project
RooGold (CSE: ROO) has completed a rock chip sampling program conducted at its Arthurs Seat Project in New South Wales, Australia. The program was conducted along structural and geological contacts at the property. A total of 274 rock chip samples were collected under the program, with the field exploration team identifying the presence of “significant […]
Milk Prices Set To Go Up Another 2.5% Due To Inflation
The Canadian Dairy Commission (CDC) has approved a second milk price increase this year to help offset increased production costs due to inflation. The recommended farm gate milk price rise beginning September 1 is $1.92/hl or less than 2 cents per liter. This will mean a 2.5% increase, on average, in the price of milk […]
Voyager Digital Reduces Withdrawal Limits To $10,000 Per Day
The current state of the crypto market continues to hit hard for Voyager Digital (TSX: VOYG). The firm late last night quietly announced changes to withdrawal limits amid what appears to be liquidity problems. Withdrawal limits were reduced on Wednesday from $25,000 per day to just $10,000 per day, with the changes being formally made […]