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This Week on the CSE – June 24th through 28th

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By Christian Granholm

 

 

This week in Canadian history, June 25, 1968: Canada’s first black Member of Parliament joins the House of Commons.

 

Progressive Conservative Lincoln Alexander is elected as the Member of Parliament for Hamilton West. After serving with the Royal Canadian Air Force during World War II, Alexander practised law and became Queen’s Counsel.

 

 

Alexander will spend 12 years as a Member of Parliament before retiring and serving as Chair of the Worker’s Compensation Board of Ontario. In December 2014, the Canadian government declares January 21 “Lincoln Alexander Day.”

 

 

 

New Listings

 

 

The CSE welcomes the following new listings this week:

 

 

BevCanna Enterprises Inc. (CSE: BEV)

Plus Products Inc – Warrants and Debentures (CSE: PLUS.WT and PLUS.DB)

 

 

 

June 24th

 

 

Redfund Capital Corp (CSE: LOAN) signed a strategic business cooperation agreement with  Fantasy Network Ltd. of Tel Aviv, Israel to joint venture  medical cannabis projects.

 

 

Redfund Capital and Fantasy Network have entered into a strategic cooperation agreement to form the foundation to joint venture business opportunities in the Israeli medical cannabis sector. This agreement enables Redfund to have a partner in Israel to evaluate potential acquisition and financing of Medical Cannabis, CBD, and Hemp companies in the region.

 

 

June 25th

 

 

21C Metals Inc. (CSE: BULL) commenced exploration at the East Bull Palladium project. 

 

 

The East Bull Palladium project allows 21C Metals to play a part in the transition from combustion engines to the electric vehicles. Palladium is the active component of catalytic convertors and therefore key to low emission combustion engines. The price of Palladium has recently reached an all-time high. Automobile manufacturers are building hybrid combustion-electric vehicles as the transition to pure electric vehicles.

 

 

The East Bull property hosts a NI 43-101 compliant resource of >500,000 of Palladium equivalent ounces.

 

 

 

Generation Mining Ltd. (CSE: GENM) has signed an acquisition agreement with Sibanye Gold Ltd., trading as Sibanye-Stillwater, to earn an initial 51-per-cent interest their Marathon PGM deposit located near Marathon, Ontario and form an unincorporated joint venture with Stillwater Canada Inc.

 

 

The property consists of 45 mining leases totalling 8450 hectares, and an additional 856 contiguous mining claims covering 8957 hectares for a total land package of 17,407 hectares. The closing is expected to take place by mid July 2019.

 

 

 

Explorex Resources Inc. (CSE:EX) has executed the Assignment and Assumption Agreement with New Tech Minerals Corp. (CSE:NTM) and has assumed the right to acquire 100% interest in the Buena Vista Hills Cobalt – Iron Oxide Copper Gold project in Pershing County, Nevada.

 

 

June 26th

 

 

Appia Energy Corp. (CSE:API)  announce completion of a ground gravity geophysical survey on the Alces Lake property northern Saskatchewan, as part of the planned summer exploration program.

 

 

 

The work has identified numerous high-priority diamond drilling targets on the high-grade, critical rare earth element property.

 

 

 

Mistango River ResourcesInc. (CSE: MIS) will be commencing an exploration program on its Omega Property.

 

Mistango is planning to drill 3800 meters of the recommended drilling program. The objective  of  the  drilling program is to expand the resources identified in the NI 43-101 report completed in 2013.

 

 

 

 

 

June 27th

 

 

MedMen Enterprises Inc. (CSE: MMEN) celebrate the end of what they claim is a “frivolous” lawsuit brought by investors.

 

 

The matter revolves around certain shares being locked-up by the company, preventing their sale. MedMen attacked the litigious investors in a press release, characterizing them as follows:

 

 

“Not only is this behavior extremely disappointing as it places Cox and Mangalji’s personal issues with the Company ahead of the interests of the shareholders., but it reeks of an attempt to unfairly compete by using the public court system to gain publicity for their own company.

 

 

Immediately after filing the faulty lawsuit, Mangalji, a reported playboy who uses the alias ‘Ronnie Bacardi,’ appeared on various news media outlets touting his baseless claims and plugging his own competing company. Having used the initial lawsuit to promote their own company, Cox and Mangalji now seek to retreat to the anonymity of a confidential arbitration to avoid publicly airing their own wrongdoings.”

 

 

 

Pacific Rim Cobalt Corp. (CSE: BOLT) has shipped mini‐bulk sample materials from its Cyclops nickel‐cobalt property to its extractive technology and mineral process development partner. The shipment initiates part 2 of three‐phase testing for a suitable process in the recovery of cobalt and nickel from laterite material.

 

 

June 28th

 

 

iAnthus Capital Holdings, Inc. (CSE: IAN) has closed their acquisition of CBD For Life for $10.4 million.

 

 

CBD For Life boasts a suite of highly innovative cannabidiol infused wellness, self-care, and beauty  products available online and distributed to over 1,000 retail locations throughout 46 U.S. States.

 

 

The Overall

 

 

An exciting “bounce”week at the CSE, as the overall opened at 660.45 Monday to continue the downward trend to 651.19 on Tuesday; but the rest of the week was marked by a rising trend, closing at 668.73 on Friday.

 

Always Be Closing

 

 

They’re saying the Trump-China trade spat is mostly over, with China being the undeclared victor.

 

 

Reports say the US will lift some restrictions on Huawei Technologies and will postpone tariffs that Trump threatened to impose on $300 billion of Chinese imports. In exchange, China will buy more U.S. agricultural products.

 

 

Where does that leave Canada?

 

 

Still holding the bag, as Huawei executive Meng Wangzhou’s case wends it way slowly through court. The US still wants her extradited to face prosecution, and China still seems intent on punishing Canada for participating in the process.

 

 

Canadian soy farmers and others are hoping we get some ‘trickle down’ relief, as the two superpowers ease back from their entrenched positions and the rhetoric returns more to normal.

 

 

Here’s hoping.

 

 

Posted July 2, 2019

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