VANCOUVER, Sept. 17, 2012 /CNW/ -
TSX VENTURE COMPANIES:
ARPETROL LTD. ("RPT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 17, 2012
TSX Venture Tier 1 Company
Effective at 11:30 a.m., PST, September 17, 2012, shares of the Company resumed trading, an announcement having been made.
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AURIGA GOLD CORP. ("AIA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 28, 2012:
Convertible Debenture | $900,000 |
Conversion Price | Convertible into common shares at $1.38 of principal outstanding. |
Maturity Date | August 21, 2013 |
Interest Rate | 10% |
Number of Placees: | 2 placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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CONDOR RESOURCES INC. ("CN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 26, 2012:
Number of Shares: | 5,000,000 shares |
Purchase Price: | $0.10 per share |
Number of Placees: | 9 placees |
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.
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CONTINENTAL NICKEL LIMITED ("CNI")
BULLETIN TYPE: Delist, Plan of Arrangement
BULLETIN DATE: September 17, 2012
TSX Venture Tier 1 Company
Effective at the close of business, Monday, September 17, 2012, the common shares of Continental Nickel Limited ("Continental") will be delisted from TSX Venture Exchange. The delisting of Continental's shares results from a Plan of Arrangement (the "Arrangement"), dated May 16, 2012, between Continental and IMX Resources Limited ("IMX"), whereby IMX has acquired 100% of Continental's issued and outstanding common shares.
Under terms of the Arrangement, each Continental shareholder will receive 3.7 Ordinary Shares of IMX and 0.5 of an Ordinary Share purchase warrant for each common share held. Each whole warrant is exercisable into one Ordinary Share of IMX at CDN$0.62 or A$0.60 until September 14, 2015.
The Ordinary Shares and Warrants of IMX will be listed and posted for trading at the opening of business on September 18, 2012 under the symbols IXR and IXR.WT, respectively.
For further details, please refer to the Continental's Information Circular dated August 10, 2012.
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D'ARIANNE RESOURCES INC. ("DAN")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's documentation in connection with the issuance of 4,000,000 warrants to purchase 4,000,000 common shares to a $10,000,000 Arm's-Length secured credit facility agreement. 2,500,000 warrants are exercisable at a price of $0.88 per share until December 31, 2015 and 1,500,000 warrants are exercisable at a price of $1.32 per share until December 31, 2015.
The Company issued news releases dated July 26, 2012 and September 11, 2012 confirming the closing of the above-mentioned transaction.
RESSOURCES D'ARIANNE INC. (« DAN »)
TYPE DE BULLETIN : Émission d'actions en paiement de primes
DATE DU BULLETIN : Le 17 septembre 2012
Société du groupe 2 de TSX croissance
Bourse de croissance TSX a accepté le dépôt de documents par la société, relativement à l'émission de 4 000 000 de bons de souscription permettant de souscrire à 4 000 000 d'actions ordinaires dans le cadre d'une convention de crédit garantie de 10 000 000 $ auprès d'une personne sans lien de dépendance. 2 500 000 bons de souscription peuvent être exercés au prix de 0,88 $ l'action jusqu'au 31 décembre 2015 et 1 500 000 bons de souscription peuvent être exercés au prix de 1,32 $ l'action jusqu'au 31 décembre 2015.
La société a émis des communiqués de presse le 26 juillet 2012 et 11 septembre 2012 confirmant la clôture de l'opération précitée.
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D'ARIANNE RESOURCES INC. ("DAN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement, announced on July 26, 2012:
Number of Shares: | 1,100,000 flow-through common shares |
Purchase Price: | $0.92 per flow-through common share |
Number of subscribers: | 28 subscribers |
Insider / Pro Group Participation:
Name | Insider = Y / |
Number of Shares |
David James DeBiaso | Y | 16,000 |
Marco Gagnon | Y | 11,000 |
Derek Lindsay | Y | 22,000 |
Jean-Sébastien David | Y | 55,000 |
Finders' Fees: | Windermere Capital (Canada) Inc. received $80,960 in cash and 88,000 non-transferable finder's warrants each entitling the holder to purchase one common share at a price of $0.92 per share for a period of 24 months following the closing of the Private Placement. | |
The Company has issued a press release confirming the closing of the Private Placement dated September 11, 2012.
RESSOURCES D'ARIANNE INC. (« DAN »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 17 septembre 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 26 juillet 2012 :
Nombre d'actions : | 1 100 000 actions ordinaires accréditives |
Prix : | 0,92 $ par action ordinaire accréditive |
Nombre de souscripteurs : | 28 |
Participation initié / Groupe Pro :
Nom | Initié = Y / |
Nombre d'actions |
|
David James DeBiaso | Y | 16 000 | |
Marco Gagnon | Y | 11 000 | |
Derek Lindsay | Y | 22 000 | |
Jean-Sébastien David | Y | 55 000 | |
Honoraires d'intermédiaire : | Windermere Capital (Canada) Inc. a reçu 80 960 $ en espèces et 88 000 bons de souscription, chacun permettant d'acquérir une action ordinaire au prix de 0,92 $ l'action pendant une période de 24 mois suivant la clôture du placement privé. |
La société a confirmé la clôture du placement privé par voie de communiqué de presse daté du 11 septembre 2012.
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DARFORD INTERNATIONAL INC. ("WUF")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Bulletin dated August 28, 2012, effective at the opening, Tuesday, September 18, 2012, trading in the shares of the Company will resume as the Company has now met the Exchange requirement of having at least three directors per Policy 3.1. Please refer to the Company's press release dated September 10, 2012 for further information.
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DRAGONFLY CAPITAL CORP. ("DRC.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on October 15, 2010. The Company, which is classified as a Capital Pool Company ('CPC'), is required to complete a Qualifying Transaction ('QT') within 24 months of its date of listing, in accordance with Exchange Policy 2.4.
The records of the Exchange indicate that the Company has not yet completed a QT. If the Company fails to complete a QT by its 24-month anniversary date of October 15, 2012, the Company's trading status may be changed to a halt or suspension without further notice, in accordance with Exchange Policy 2.4, Section 14.6.
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ERA CARBON OFFSETS LTD. ("ESR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Effective at 7:00 a.m., PST, September 17, 2012, shares of the Company resumed trading, an announcement having been made.
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GOLDEN BRIDGE MINING CORP. ("GBM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 2, 2012:
Number of Shares: | 518,286 flow-through shares |
Purchase Price: | $0.28 per share |
Number of Placees: | 7 placees |
Finder's Fee: | an aggregate of $10,809.60 was paid to Accilent Capital Management Inc. and Tian Yu Hu. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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GUYANA PRECIOUS METALS INC. ("GPM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 28, 2012:
Number of Shares: | 4,666,668 shares |
Purchase Price: | $0.075 per share |
Number of Placees: | 5 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P / | # of Shares |
Roger Poirier | P | 1,333,334 |
Darren Wallace | P | 966,667 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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INTEGRA GOLD CORP. ("ICG")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: September 17, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second (and final) tranche of a Brokered Private Placement announced August 9, 2012; August 21, 2012 and September 13, 2012:
Number of Shares: | 2,380,000 flow-through shares |
Purchase Price: | $0.315 per flow-through share |
Warrants: | 1,190,000 share purchase warrants to purchase 1,190,000 shares |
Warrant Exercise Price: | $0.45 for an eighteen month period |
Number of Placees: | 8 placees |
Agents' Fees: | $52,479 and 66,640 compensation options are payable to Industrial Alliance Securities Inc. |
14,280 compensation options are payable to Stonecap Securities Inc. | |
14,280 compensation options are payable to Euro Pacific Canada Inc. |
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.
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LABRADOR TECHNOLOGIES INC. ("LTX")
BULLETIN TYPE: Halt
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Effective at 9:51 a.m. PST, September 17, 2012, trading in the shares of the Company was halted for failure to maintain Transfer Agent. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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ORESTONE MINING CORP. ("ORS")
BULLETIN TYPE: Consolidation
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders September 10, 2012, the Company has consolidated its capital on a four (4) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Tuesday, September 18, 2012, the shares of Orestone Mining Corp. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Junior Natural Resource Mining' company.
Post - Consolidation | ||
Capitalization: | Unlimited | shares with no par value of which |
16,397,323 | shares are issued and outstanding | |
Escrow | Nil | shares are subject to escrow |
Transfer Agent: | Olympia Trust Company | |
Trading Symbol: | ORS | (UNCHANGED) |
CUSIP Number: | 686154204 | (new) |
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PREO SOFTWARE INC. ("PKM.H")
[formerly Preo Software Inc. ("PKM")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Suspend
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective Tuesday, September 18, 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 Calgary to NEX.
As of September 18, 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 PKM to PKM.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.
Further to the TSX Venture Bulletin and Company press release dated September 14, 2012, trading in the shares of the Company will be changed from halt to suspend.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
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PRIMERA ENERGY RESOURCES LTD. ("PTT")
BULLETIN TYPE: Halt
BULLETIN DATE: September 17, 2012
TSX Venture Tier 1 Company
Effective at 5:00 a.m. PST, September 17, 2012, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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PRIMERA ENERGY RESOURCES INC. ("PTT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 17, 2012
TSX Venture Tier 1 Company
Effective at 11:30 a.m., PST, September 17, 2012, shares of the Company resumed trading, an announcement having been made.
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PURE INDUSTRIAL REAL ESTATE TRUST ("AAR.UN")
BULLETIN TYPE: Graduation
BULLETIN DATE: September 17, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening on Wednesday, September 19, 2012, under the symbol "AAR.UN".
As a result of this Graduation, there will be no further trading under the symbol "AAR.UN" on TSX Venture Exchange after September 18, 2012, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
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QUANTUM RARE EARTH DEVELOPMENTS CORP. ("QRE")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 400,000 shares at a deemed value of $0.0875 per share to settle outstanding debt for $35,000.
Number of Creditors: 1 Creditor
The Company shall issue a news release when the shares are issued and the debt extinguished.
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QUINTO REAL CAPITAL CORPORATION ("QIT.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated August 13, 2012, effective at the open, Tuesday, September 18, 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.
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RARE EARTH METALS INC. ("RA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced September 7, 2012:
Number of Shares: | 36,000,000 shares |
Purchase Price: | $0.05 per share |
Warrants: | 18,000,000 share purchase warrants to purchase 18,000,000 shares |
Warrant Exercise Price: | $0.10 for a two year period |
Number of Placees: | 28 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P / | # of Shares |
Michael Stares | Y | 200,000 |
Stephen Stares | Y | 200,000 |
Reginald Felix | Y | 100,000 |
Evan Asselstine | Y | 100,000 |
Clinton Barr | Y | 200,000 |
William Harper | Y | 200,000 |
Tracy Moore | Y | 300,000 |
Peter Shearing | Y | 300,000 |
William Purcell | Y | 300,000 |
Gordon Fretwell | Y | 300,000 |
Finder's Fee: | Canadian Horizon Capital Corp. (Tracy Moore) receives $258,950. |
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.]
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REDSTAR GOLD CORP. ("RGC")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Further to the bulletin dated May 31, 2011, TSX Venture Exchange has accepted for filing documentation pertaining to an amending agreement dated August 31, 2012 between Redstar Gold Corp. (the 'Company') and Magnum Hunter Production, Inc., pursuant to which the Company has the option to explore and earn up to a 100% undivided interest in the Shumagin Property, Alaska. Under the amended terms, the payment of US$1,000,000 due on September 1, 2012 has been extended for an additional 180 days. In consideration for the extension the Company has paid U$100,000 and will issue 125,000 shares, with an additional 125,000 shares due every 30 days after September 1, 2012.
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SARATOGA ELECTRONIC SOLUTIONS INC. ("SAR.H")
[formerly Saratoga Electronic Solutions Inc. ("SAR")]
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Property-Asset or Share Disposition Agreement:
TSX Venture Exchange has accepted for filing the documentation of the Company relating to an arm's-length asset purchase agreement dated April 4, 2012, entered into between Saratoga Electronic Solutions Inc. (the "Company"), the Company's wholly-owned subsidiary Saratoga ATM Corporation ("Saratoga ATM") and Access Cash General Partnership (the "Access Cash"), pursuant to which Saratoga ATM has concluded the sale of substantially all of its automated teller machine (the "ATM") assets, including its network of 448 ATMs, to Access Cash, for an aggregate purchase price of approximately $1.8 million. KPMG Corporate Finance Inc. acted as financial advisor to the Company in connection with this transaction, in consideration for which it was paid a fee of $122,500.
For more information, please refer to the Company's press release dated April 5, 2012.
Transfer and New Addition to NEX, Symbol Change:
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective on Tuesday, September 18, 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 Montreal to NEX.
As of Tuesday, September 18, 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 SAR to SAR.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.
SOLUTIONS ÉLECTRONIQUES SARATOGA INC. (« SAR.H »)
[anciennement Saratoga Électroniques Saratoga inc. (« SAR »)]
TYPE DE BULLETIN : Vente d'actif ou convention de vente d'actions, Transfert et ajout à NEX, changement de symbole
DATE DU BULLETIN : Le 17 septembre 2012
Société du groupe 2 de TSX Croissance
Vente d'actif ou convention de vente d'actions :
Bourse de croissance TSX a accepté le dépôt de documents de la société en vertu d'une convention datée du 4 avril 2012 négociée auprès de personnes sans lien de dépendance avec la société entre Solutions Électroniques Saratoga Inc. (la « société »), Corporation Saratoga ATM Inc. (« Saratoga ATM ») et Access Cash General Partnership (« Access Cash »), en vertu de laquelle Saratoga ATM a conclu la vente de substantiellement tous ses actifs reliés aux guichets automatiques, incluant son réseau de 448 guichets automatiques, à Access Cash, pour une considération totale d'environ 1,8 millions de dollars. Financement corporatif KPMG inc. a agit comme conseiller financier de la société relativement à cette transaction, en considération d'honoraires de 122 500 $.
Pour de plus amples renseignements, veuillez vous référer au communiqué de presse de la société daté du 5 avril 2012.
Transfert et ajout à NEX, changement de symbole :
Conformément à la Politique 2.5 de la Bourse de croissance TSX, la société ne respecte pas les exigences relatives au maintien de l'inscription dans le groupe 2 de la Bourse de croissance TSX. Conséquemment, à l'ouverture des marchés, mardi le 18 septembre 2012, l'inscription de la société sera transférée à la cote de NEX, le classement de la société sera modifié du groupe 2 à NEX et le bureau de dépôt de la société sera modifié de Montréal à NEX.
Au 18 septembre 2012, la société est assujettie aux restrictions relativement aux émissions d'actions et certains types de paiements tel qu'indiqué dans les Politiques NEX.
Le symbole de négociation de la société sera modifié de SAR à SAR.H. Il n'y a pas de changement de nom, pas de changement de numéro de CUSIP et pas de consolidation du capital-actions. L'identifiant « .H » au symbole différencie les symboles NEX des symboles pour les sociétés du groupe 1 ou du groupe 2 sur le marché de la Bourse de croissance TSX.
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TOUCHSTONE EXPLORATION INC. ("TAB")
BULLETIN TYPE: Halt
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, September 17, 2012, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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TOUCHSTONE EXPLORATION INC. ("TAB")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Effective at 11:30 a.m., PST, September 17, 2012, shares of the Company resumed trading, an announcement having been made.
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URBAN COMMUNICATIONS INC. ("UBN")
BULLETIN TYPE: Consolidation
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders on June 25, 2012, the Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Tuesday, September 18, 2012, the common shares of Urban Communications Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Telecommunications' company.
Post - Consolidation | ||
Capitalization: | Unlimited | shares with no par value of which |
5,717,377 | shares are issued and outstanding | |
Escrow | Nil | shares are subject to escrow |
Transfer Agent: | Computershare Investor Services Inc. | |
Trading Symbol: | UBN | (UNCHANGED) |
CUSIP Number: | 91703T 20 4 | (new) |
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VIDA VENTURES LTD. ("VDA.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: September 17, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated August 27, 2012, effective at 7:16 a.m., September 17, 2012, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to TSXV Listings Policy 2.4. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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NEX COMPANY:
FIRST URANIUM CORPORATION ("FIU.H")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: September 17, 2012
NEX Company
The Issuer has declared the following distribution(s):
Distribution per Unit*: | Cdn$0.125 |
Payable Date: | October 1, 2012 |
Record Date: | September 28, 2012 |
Ex-Distribution Date: | October 2, 2012 |
Due Bill Redemption Date: | October 4, 2012 |
* Each listed Unit is comprised of 100 Class A Special Shares and 1 Class B Common Share. The distribution declaration is completed by way of the redemption of 12.5 Class A Special Shares at a price of Cdn$0.01 per Class A Special Share for every 100 of the Class A Special Shares of the Issuer included in each Unit , for a total of Cdn$0.125, per Unit.
DUE BILL TRADING
The Issuer has declared a special cash distribution of $0.125 per Unit payable October 1, 2012 to shareholders of record September 28, 2012. The Units will commence trading on a "due bills" basis on NEX effective from the opening on September 26, 2012 to and including the Payment date: October 1, 2012. Sellers of the Units on NEX from September 26, 2012 to and including October 1, 2012 will not be entitled to the distribution and any distribution payments received in accounts will be withdrawn. Holders including buyers on October 1, 2012 will be entitled to receive the distribution. The Units will commence trading on NEX on an ex-distribution basis effective from the opening on October 2, 2012. Also, note that for entitlement of the distribution, the last trading day to purchase the Units on NEX will be October 1, 2012.
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SOURCE: TSX Venture Exchange
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