VANCOUVER, Sept. 14, 2012 /CNW/ -
TSX VENTURE COMPANIES:
49 NORTH RESOURCES INC. ("FNR")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: September 14, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated September 11, 2012, it may repurchase for cancellation, up to 1,578,150 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period September 15, 2012 to September 15, 2013. Purchases pursuant to the bid will be made by MGI Securities Inc. on behalf of the Company.
________________________________________
ABEN RESOURCES LTD. ("ABN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second tranche of a Non-Brokered Private Placement announced August 21, 2012:
| Number of Shares: | 2,497,142 flow-through shares |
| Purchase Price: | $0.07 per share |
| Warrants: | 2,497,142 share purchase warrants to purchase 2,497,142 shares |
| Warrant Exercise Price: | $0.10 for a three year period |
| Number of Placees: | 12 placees |
| Finder's Fee: | Macquarie Private Wealth Inc. will receive a finder's fee of $4,973.50 and 71,050 non-transferable share purchase "B" Warrants that are exercisable into common shares at $0.10 per share for a three year period. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
ALEXANDER ENERGY LTD. ("ALX")
[formerly Petro Reef Resources Ltd. ("PER")]
BULLETIN TYPE: Name Change
BULLETIN DATE: September 14, 2012
TSX Venture Tier 1 Company
Pursuant to a resolution passed by shareholders on September 7, 2012, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, Monday, September 17, 2012, the common shares of Alexander Energy Ltd. will commence trading on TSX Venture Exchange, and the common shares of Petro-Reef Resources Ltd. will be delisted. The Company is classified as an 'Oil and Gas Extraction' company.
| Capitalization: | unlimited | shares with no par value of which | ||
| 62,239,477 | shares are issued and outstanding | |||
| Escrow: | Nil | |||
| Transfer Agent: | Canadian Stock Transfer | |||
| Trading Symbol: | ALX | (new) | ||
| CUSIP Number: | 014618102 | (new) | ||
________________________________________
AMERICAN VANADIUM CORP. ("AVC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 21, 2012:
| Number of Shares: | 3,225,854 shares |
| Purchase Price: | $0.62 per share |
| Warrants: | 1,612,927 share purchase warrants to purchase 1,612,927 shares |
| Warrant Exercise Price: | $1.00 for an 18-month period |
| Number of Placees: | 17 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| George T. Hawes | Y | 150,000 |
| Finder's Fee: | Johan Lubbe Bakker will receive a finder's fee of $59,999.97 | |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
COPPER FOX METALS INC. ("CUU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 23, 2012:
| Number of Shares: | 3,500,000 shares |
| Purchase Price: | $1.15 per share |
| Warrants: | 3,500,000 share purchase warrants to purchase 3,500,000 shares |
| Warrant Exercise Price: | $1.25 for a one year period |
| Number of Placees: | 1 placee |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Ernest F. Echavarria | Y | 3,500,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange bulletin dated September 13, 2012, the Exchange has accepted an additional finder's fee with respect to the first tranche of the Non-Brokered Private Placement announced September 10, 2012:
| Finder's Fee: | $3,324 cash payable to Mike Kachanovsky |
| $4,900 cash payable to DBM Consulting Ltd. (Denise Bertin-Maclean) |
The rest of the bulletin remains unchanged.
________________________________________
FIRST MEXICAN GOLD CORP. ("FMG")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated September 7, 2012, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on September 7, 2012 has been revoked.
Effective at the opening, Monday, September 17, 2012 trading will be reinstated in the securities of the Company (CUSIP32086A 10 7).
_______________________________________
GALE FORCE PETROLEUM INC. ("GFP.WT")
BULLETIN TYPE: New Listing-Warrants
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
Effective at the opening, on Monday, September 17, 2012, the share purchase warrants of the Company will commence trading on TSX Venture Exchange (the "Exchange"). The Company is classified as an "Oil and Gas Extraction" (NAICS Number: 21111) company.
| Corporate Jurisdiction: | Canada |
| Capitalization: | 19,821,500 warrants are issued and outstanding. |
| Transfer Agent: | Computershare Trust Company of Canada - at its principal office in Montreal |
| Trading Symbol: | GFP.WT |
| CUSIP Number: | 36320R115 |
Each Warrant allows the holder to purchase one common share at an exercise price of $0.30 until Thursday, April 10, 2014.
Of these 19,821,500 warrants, 3,000,000 warrants were granted pursuant to the acquisition of the Texas Reef Properties that was accepted for filing by the Exchange effective on April 30, 2012, 8,421,500 warrants were granted pursuant to a Private Placement of 16,843,000 units at a price of $0.25 per unit that was accepted for filing by the Exchange effective on May 9, 2012 and 8,400,000 warrants were granted pursuant to the acquisition of assets from Great GulfCan Energy Inc. that was accepted for filing by the Exchange effective on September 11, 2012.
GALE FORCE PETROLEUM INC. (« GFP.WT »)
TYPE DE BULLETIN : Nouvelle inscription - Bons de souscription
DATE DU BULLETIN : Le 14 septembre 2012
Société du groupe 2 de TSX Croissance
Des bons de souscription de la société seront admis à la négociation à Bourse de croissance TSX (la « Bourse ») à l'ouverture des affaires le 17 septembre 2012. La société est catégorisée comme une société « d'extraction de pétrole et de gaz » (numéro SCIAN : 21111).
| Juridiction de la société : | Canada |
| Capitalisation des bons de souscription : |
19 821 500 bons de souscription émis et en circulation. |
| Agent des transferts : | Société de fiducie Computershare du Canada - au bureau principal de Montréal |
| Symbole au téléscripteur des bons de souscription : |
GFP.WT |
| Numéro de CUSIP : | 36320R115 |
Chaque bon de souscription permet au détenteur acquérir une action ordinaire au prix d'exercice de 0,30 $ l'action jusqu'au 10 avril 2014.
Parmi ces 19 821 500 bons de souscription, 3 000 000 de bons de souscription ont été octroyés en vertu de l'acquisition des propriétés Texas Reef tel qu'accepté par la Bourse le 30 avril 2012, 8 421 500 bons de souscription ont été octroyés en vertu d'un placement privé de 16 843 000 unités au prix de 0,25 $ l'unité tel qu'accepté par la Bourse le 9 mai 2012 et 8 400 000 bons de souscription ont été octroyés en vertu d'une acquisition d'actifs auprès de Great GulfCan Energy Inc. tel qu'accepté par la Bourse le 11 septembre 2012.
________________________________
INDICO RESOURCES LTD. ("IDI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 10, 2012, July 30, 2012 and September 11, 2012:
| Number of Shares: | 27,653,500 shares |
| Purchase Price: | $0.12 per share |
| Warrants: | 13,826,750 share purchase warrants to purchase 13,826,750 shares |
| Warrant Exercise Price: | $0.15 for a two year period, subject to an acceleration clause |
| Number of Placees: | 68 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Henk van Alphen | Y | 833,332 |
| GRF Consulting Corp. (Gary Freeman) | Y | 715,000 |
| Robert Baxter | Y | 1,000,000 |
| Leonard Harris | Y | 162,500 |
| Erin Walmesley | Y | 20,000 |
| Peggy Wu | Y | 100,000 |
| Seth Allen | P | 250,000 |
| Sherman Dahl | P | 150,000 |
| Kenneth Bateman | P | 250,000 |
| David Bromley | P | 250,000 |
| Gary Bogdanovich | P | 1,000,000 |
| Lorinda Hoyem | P | 125,000 |
| Carolyn Rogers | P | 300,000 |
| Batell Investments Ltd. (David Elliott) | P | 100,000 |
| David Elliott | P | 400,000 |
| Lisa Stefani | P | 250,000 |
| Daneil Matwick | P | 100,000 |
| Jeff Willis | P | 20,000 |
| Tom Seltzer | P | 250,000 |
| Scott Hunter | P | 400,000 |
| Mark Fedosiewich | P | 200,000 |
| Kim Dunfield | P | 833,333 |
| E&G Henderson (Ross Henderson) | P | 100,000 |
| Finders' Fees: | Haywood Securities Inc. - $33,138 cash, 52,500 Agent's Units and 311,150 Broker Warrants payable. |
| PI Financial Corp. - $2,100 cash and 17,500 Broker Warrants payable. | |
| Canaccord Genuity Corp. - $3,500 cash and 29,166 Broker Warrants payable. | |
| Raymond James Ltd. - $34,686.41 cash and 289,053 Broker Warrants payable. | |
| National Bank Financial - $17,010 cash and 141,750 Broker Warrants payable. | |
| John Kapetas - 116,667 Agent's Units and 116,667 Broker Warrants payable. | |
| RD Capital Corp. (Dev Randhawa) - $840 cash and 7,000 Broker Warrants payable. | |
| - Each Agent's Unit entitles the holder to one share and one half warrant. Each full warrant is exercisable into one common share at $0.15 for 24 months from closing, subject to an acceleration clause. | |
| - Each Broker Warrant is exercisable into one common share at $0.15 for 24 months from closing, subject to an acceleration clause. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
________________________________________
INTIGOLD MINES LTD. ("IGD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a the First Tranche of a Non-Brokered Private Placement announced June 25, 2012 and September 10, 2012:
| Number of Shares: | 719,500 shares |
| Purchase Price: | $0.25 per share |
| Warrants: | 719,500 share purchase warrants to purchase 719,500 shares |
| Warrant Exercise Price: | $0.35 for a one year period |
| $0.45 in the second year | |
| Number of Placees: | 7 placees |
| Finders' Fees: | Gerald Josephson $2,500 cash payable Robert Lachance $6,987.50 cash payable |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
________________________________________
LUMINA COPPER CORP. ("LCC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 14, 2012
TSX Venture Tier 1 Company
Further to our Bulletin dated March 30, 2012 TSX Venture Exchange previously accepted for filing a purchase agreement dated January 13, 2012 between Corriente Argentina S.A. a wholly owned subsidiary of Lumina Copper Corp. (the 'Company'), Silvia Rene Rodriguez, Gerardo Catelluccio, and Pacha Minerals (Carlos Saravia Day and Silvia Rene Rodriguez), whereby the Company will acquire a 100% interest in mineral concessions located in close proximity to its current Taca Taca property in Argentina. Pursuant to this same purchase agreement the remaining consideration for various outstanding concessions has now been accepted.
Total additional consideration accepted for these additional concessions consists of US$150,000 in cash payments and 1,890 shares of the Company.
In addition, there is a 1.5% net smelter return relating to each of these and the prior concessions. The Company may at any time purchase the full net smelter return for $1,000,000 per concession.
________________________________________
LW CAPITAL POOL INC. ("LWI.H")
[formerly LW Capital Pool Inc. ("LWI.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Reinstated for Trading
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.4, Capital Pool Companies, the Company has not completed a Qualifying Transaction within the prescribed time frame. Therefore, effective at the opening, Monday, September 17, 2012, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Toronto to NEX. As of September 17, 2012, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from LWI.P to LWI.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Effective at the opening, on Monday, September 17, 2012, trading will be reinstated in the securities of the Company.
_____________________________________
ROCKHAVEN RESOURCES LTD. ("RK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 27, 2012:
| Number of Shares: | 5,700,000 flow-through shares |
| Purchase Price: | $0.38 per share |
| Number of Placees: | 4 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Strategic Metals Ltd. (William Douglas Eaton) | Y | 4,100,000 |
| William Douglas Eaton | Y | 1,300,000 |
| Paul Heinrich | P | 100,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
________________________________________
SILVER SUN RESOURCE CORP. ("SSU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 10, 2012:
| Number of Shares: | 3,250,336 shares |
| Purchase Price: | $0.12 per share |
| Warrants: | 3,250,336 share purchase warrants to purchase 3,250,336 shares |
| Warrant Exercise Price: | $0.17 for a one year period |
| $0.25 in the second year | |
| Number of Placees: | 34 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Mark Bolin | P | 25,000 |
| Kerry Chow | P | 150,000 |
| Roberto Chu | P | 50,000 |
| Steve Benjamin | P | 80,000 |
| Ian Forman | Y | 75,000 |
| Finders' Fees: | Canaccord Genuity Corp. - $19,324.03 and 161,033 Broker Warrants that are exercisable into common shares at $0.17 per share in the first year and at $0.25 per share in the second year. |
| Union Securities Ltd. - $$3,180.00 and 26,500 Broker Warrants that are exercisable into common shares at $0.17 per share in the first year and at $0.25 per share in the second year. | |
| Haywood Securities Inc. - $4,800.00 and 40,000 Broker Warrants that are exercisable into common shares at $0.17 per share in the first year and at $0.25 per share in the second year. | |
| Raymond James Ltd. - $6,000.00 and 50,000 Broker Warrants that are exercisable into common shares at $0.17 per share in the first year and at $0.25 per share in the second year. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
________________________________________
STINA RESOURCES LTD. ("SQA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation with respect to a Non-Brokered Private Placement announced August 20, 2012 and September 4, 2012:
| Number of Shares: | 2,100,000 shares |
| Purchase Price: | $0.15 per share |
| Warrants: | 2,100,000 share purchase warrants to purchase 2,100,000 shares |
| Warrant Exercise Price: | $0.45 for a one year period |
| Number of Placees: | 5 placees |
| Finders' Fees: | $21,000 payable to Secutor Capital Management Corp. $1,050 payable to Mackie Research Capital Corp. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
________________________________________
T.B. MINING VENTURES INC. ("TBV.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated August 13, 2012, effective at the open, Monday, September 17, 2012, trading in the shares of the Company will be suspended, the Company having failed to complete a Qualifying Transaction within 24 months of its listing.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
________________________________________
TERRENO RESOURCES CORP. ("TNO")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| Private Placement: | |
| # of Warrants: | 22,117,000 |
| Original Expiry Date of Warrants: | October 14, 2012 (4,863,336 warrants) |
| November 1, 2012 (17,253,664 warrants) | |
| New Expiry Date of Warrants: | October 14, 2013 |
| November 1, 2013 | |
| Exercise Price of Warrants: | $0.20 |
These warrants were issued pursuant to a private placement of 23,333,333 shares with 23,333,333 share purchase warrants attached, which was accepted for filing by the Exchange effective November 8, 2010.
________________________________________
VIRGIN METALS INC. ("VGM")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| Private Placement: | |
| # of Warrants: | 3,057,004 |
| Original Expiry Date of Warrants: | October 18, 2012 |
| New Expiry Date of Warrants: | December 6, 2012 |
| Exercise Price of Warrants: | $0.25 |
These warrants were issued pursuant to a private placement of 3,057,004 shares with 3,057,004 share purchase warrants attached, which was accepted for filing by the Exchange effective November 9, 2010.
________________________________________
VIRGIN METALS INC. ("VGM")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| Private Placement: | |
| # of Warrants: | 1,602,500 |
| Original Expiry Date of Warrants: | November 12, 2012 |
| New Expiry Date of Warrants: | December 6, 2012 |
| Exercise Price of Warrants: | $0.25 |
These warrants were issued pursuant to a private placement of 1,602,500 shares with 1,602,500 share purchase warrants attached, which was accepted for filing by the Exchange effective November 16, 2010.
________________________________________
ZTEST ELECTRONICS INC. ("ZTE")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: September 14, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the company's proposal to issue 99,454 common shares in exchange for all of the issued and outstanding Class A special shares of the company (1,193,442 Class A special shares).
________________________________________
NEX COMPANIES:
ACE AVIATION HOLDINGS INC. ("ACE.H")
BULLETIN TYPE: New Listing-Shares, Transfer and New Addition to NEX
BULLETIN DATE: September 14, 2012
NEX Company
Effective at the opening, Monday, September 17, 2012, the shares of the Company will commence trading on NEX.
The Company has been suspended from trading on Toronto Stock Exchange effective at the close on September 14, 2012. The Company no longer meets Toronto Stock Exchange minimum listing requirements and also does not meet the requirements of a TSX Venture Tier 2 company.
As of September 17, 2012, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. The Company is classified as a 'temporarily unclassified' company.
| Corporate Jurisdiction: | Canada Business Corporations Act | |
| Capitalization: | Unlimited | common shares with no par value of which |
| 32,475,434 | common shares are issued and outstanding | |
| Escrowed Shares: | N/A | |
| Transfer Agent: | Canadian Stock Transfer Company Inc. (Montreal) | |
| Trading Symbol: | ACE.H | |
| CUSIP Number: | 00440P 40 9 | |
| Agent's Warrants: | N/A | |
| Company Contact: | Sharon S. Hamilton and David Saldanha of Ernst & Young Inc. (Court appointed liquidators) |
|
| Company Address: | Ernst & Young Tower, 222 Bay Street, P.O. Box 251, 21st Floor, Toronto Dominion Centre, Toronto, ON M5K 1J7 |
|
| Company Phone Number: | (416) 943-2153 | |
| Company Fax Number: | (416) 943-3300 | |
| Company Email Address: | N/A | |
_______________________________________
SAVARY GOLD CORP. ("SCA")
[formerly Savary Capital Corp. ("SCA.H")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Property-Asset or Share Purchase Agreement, Graduation from NEX to TSX Venture, Name Change, Resume Trading
BULLETIN DATE: September 14, 2012
NEX Company
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated August 29, 2012. As a result, at the opening on Monday, September 17, 2012, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
Property-Asset or Share Purchase Agreement:
TSX Venture Exchange has accepted for filing an amalgamation agreement dated June 15, 21012 between Burkina Gold Corp. ('Burkina') and the Company. The Company has issued 7,540,010 shares to acquire all the shares of Burkina. Burkina has the option to acquire from Avion Gold Corp. ('Avion') a 100% interest in the South Houndé Property in consideration for:
- shares of the Company representing the lesser of 19.99% of the Company shares when option exercised and 27 million shares, and
- $3 million of exploration expenditures by May 17, 2014.
120,000 shares have been issued to BayFront Capital Partners Ltd. as a finder's fee in connection with this transaction.
Graduation from NEX to TSX Venture:
The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Monday, September 17, 2012, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Vancouver.
Name Change:
The Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, Monday, September 17, 2012, the common shares of Savary Gold Corp. will commence trading on TSX Venture Exchange, and the common shares of Savary Capital Corp. will be delisted. The Company is classified as a 'Mineral Exploration' company.
| Capitalization: | Unlimited | shares with no par value of which |
| 25,160,010 | shares are issued and outstanding | |
| Escrow: | 500,000 | CPC Escrow Shares |
| 875,000 | Value Security Escrow Shares | |
| Transfer Agent: | Computershare Trust Company of Canada | |
| Trading Symbol: | SCA | (new) |
| CUSIP Number: | 805116 10 0 | (new) |
Resume Trading, Qualifying Transaction Completed:
The common shares of the Company have been halted from trading since March 28, 2012, pending completion of a Qualifying Transaction.
The Exchange has been advised that the above transactions have been completed.
Effective at the open, Monday, September 17, 2012, trading in the shares of the Company will resume.
| Company Contact: | Charles Mostert |
| Company Address: | Suite 1240 - 1140 West Pender Street |
| Vancouver, B.C., V6E 4G1 | |
| Company Phone Number: | 604-681-8030 |
| Company Fax Number: | 604-681-8039 |
| Company Email Address: | [email protected] |
For further information please refer to the Company's Filing Statement dated August 29, 2012.
________________________________
WELLSTAR ENERGY CORP. ("WSE.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 14, 2012
NEX Company
Effective at the Open, September 14, 2012, shares of the Company resumed trading, an announcement having been made.
________________________________________
SOURCE: TSX Venture Exchange
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