VANCOUVER, Feb. 20, 2013 /CNW/ -
TSX VENTURE COMPANIES:
ANGEL GOLD CORP. ("ANG")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange bulletins dated February 14, 2013 and amended February 15, 2013 with respect to the private placement of 20,000,000 units at a price of $0.10 per unit, the finder's fee payable to Mackie Research Capital Corp. will be 36,000 Units, not 42,000 Units.
The rest of the bulletin remains unchanged.
_____________________________
BLACKHEATH RESOURCES INC. ("BHR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 11, 2013:
| Number of Shares: | 4,880,000 shares | |||||||
| Purchase Price: | $0.35 per share | |||||||
| Warrants: | 4,880,000 share purchase warrants to purchase 4,880,000 shares | |||||||
| Warrant Exercise Price: | $0.50 for a three year period | |||||||
| Number of Placees: | 30 placees | |||||||
| Insider / Pro Group Participation: | ||||||||||
| Insider=Y / | ||||||||||
| Name | ProGroup=P / | # of Shares | ||||||||
| Ernesto Echavarria | Y | 1,500,000 | ||||||||
| Aggregate Pro Group Involvement | P | 750,000 | ||||||||
| [6 placees] |
| Finder's Fees: | $61,250 cash and 175,000 units payable to Global Market Development LLC (Jefferey D. Phillips) |
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| $13,230 cash and 37,800 units payable to National Bank Financial | |||||||||||||
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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BRIONOR RESOURCES INC. ("BNR")
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 6:07 a.m. PST, February 20, 2013, 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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BRIONOR RESOURCES INC. ("BNR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 7:15 a.m., PST, February 20, 2013, shares of the Company resumed trading, an announcement having been made.
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CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 20, 2012, as amended January 4, 2013:
| Convertible Debenture | $4,460,700 | ||||||
| Conversion Price: | Convertible into 22,303,500 common share and 22,303,500 detachable warrants |
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| Maturity date: | Six months from date of issuance for arm's length placees, twenty-four months from date of issuance for insider and other non-arm's length placees |
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| Warrants | Each warrant issued to arm's length placees will have a term of eighteen months from the date of issuance of the notes and entitle the holder to purchase one common share. Each warrant issued to insiders and other non arm's length placees will have a term of twenty-four months from the date of issuance of the notes and entitle the holder to purchase one common share. All warrants are exercisable at the price of $0.20. |
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| Interest rate: | 12% | ||||||
| Number of Placees: | 13 placees | ||||||
| Insider / Pro Group Participation: | ||||||
| Insider=Y / | ||||||
| Name | ProGroup=P / | Principal Amount | ||||
| Doug Evans | Y | $995,600 | ||||
| Derick Sinclair | Y | $100,000 |
| Finder's Fee: | $192,000 payable to SC Strategy Consult AG (Bjorn Paffrath) | ||||||||||
| $55,650 payable to Platinum Prestige Limited (Henry Gordon) | |||||||||||
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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CARIBOU KING RESOURCES LTD. ("CKR")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: February 20, 2013
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: | 1,987,500 | |||||
| Original Expiry Date of Warrants: | March 7, 2013 | |||||
| New Expiry Date of Warrants: | March 7, 2015 | |||||
| Exercise Price of Warrants: | $0.15 | |||||
These warrants were issued pursuant to a private placement of 4,000,000 shares with 2,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective March 17, 2011.
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CLEGHORN MINERALS LTD. ("JZZ.H")
[formerly Cleghorn Minerals Ltd. ("JZZ.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
In accordance with TSX Venture Exchange Policy 2.4, Capital Pool Companies, the Company has not completed a qualifying transaction within the prescribed time frame. Therefore, effective Thursday, February 21, 2013, 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 February 21, 2013, 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 JZZ.P to JZZ.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 dated November 19, 2012 trading in the shares of the Company will remain suspended. 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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DESERT STAR RESOURCES LTD. ("DSR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 28, 2013:
| Number of Shares: | 8,333,333 shares | |||||||
| Purchase Price: | $0.06 per share | |||||||
| Warrants: | 8,333,333 share purchase warrants to purchase 8,333,333 shares | |||||||
| Warrant Exercise Price: | $0.15 for a two year period | |||||||
| Number of Placees: | 35 placees |
| Insider / Pro Group Participation: | ||||||||||
| Insider=Y / | ||||||||||
| Name | ProGroup=P / | # of Shares | ||||||||
| Gavin Cooper | Y | 50,000 | ||||||||
| Emily Davis | Y | 10,000 | ||||||||
| Vince Sorace | Y | 550,000 | ||||||||
| Aggregate Pro Group Involvement | P | 495,000 | ||||||||
| [6 - Placees] |
| Finder's Fee: | $18,162 payable to Aracena Holdings Ltd. | |||||||||||
| $4,830 payable to PI Financial Corp. | ||||||||||||
| $840 payable to Macquarie Private Wealth 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. [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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EL CONDOR MINERALS INC. ("LCO")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 21, 2012:
| Convertible Debenture | $400,000 | ||||
| Conversion Price: | Convertible into 4,000,000 common shares at a conversion price of $0.10 per share. If the 20-day average trading price of the Company's shares exceeds $1.00, a forced conversion procedure will come into effect. |
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| Maturity date: Five years from date of closing | |||||
| Interest rate: | 5% | ||||
| Number of Placees: | 1 placee | ||||
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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EL CONDOR MINERALS INC. ("LCO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 31, 2013:
| Number of Shares: | 14,670,000 shares | |||||||
| Purchase Price: | $0.05 per share | |||||||
| Number of Placees: | 1 placee |
| Insider / Pro Group Participation: | ||||||||||
| Insider=Y / | ||||||||||
| Name | ProGroup=P / | # of Shares | ||||||||
| Sheridan Platinum Group Ltd. (John Patrick Sheridan) | Y | 14,670,000 | ||||||||
| Finder's Fee: | 1,600,000 shares issuable to Sheridan Brothers LLP with 800,000 warrants exercisable at $0.10 for two years |
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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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EPALS CORPORATION ("SLN") ("SLN.DB")
BULLETIN TYPE: New Listing-Debentures
BULLETIN DATE: February 20, 2013
TSX Venture Tier 1 Company
Effective at the opening, Thursday, February 21, 2013, the 6.5% convertible secured Debentures of ePals Corporation (the "Company") will commence trading on TSX Venture Exchange. The Company is classified as an 'Internet Publishing' company.
| Corporate Jurisdiction: | Ontario | ||||||||
| Debentures: | |||||||||
| Capitalization: | $12,000,000 Debentures with no par value of which | ||||||||
| $12,000,000 are issued and outstanding | |||||||||
| Transfer Agent: | Olympia Transfer Services Inc. | |||||||||||
| Trading Symbol: | SLN.DB | |||||||||||
| CUSIP Number: | 268791AA8 | |||||||||||
These Debentures were issued pursuant to a Trust Indenture dated October 19, 2012.
| Details of the Debentures: | |
| Maturity Date: | October 31, 2014 (or October 31, 2016 if the Debentures are extended at the option of the Company in accordance with the Trust Indenture) |
| Redemption: | In the event the Maturity Date is extended to October 31, 2016, the Debentures may be redeemed on or after October 31, 2015, in whole or in part at the option of the Company. |
| Interest: | The Debentures will bear interest at the rate of 6.5% per annum payable semi-annually, in cash on April 30 and October 31 with the first interest payment occurring on April 30, 2013. |
| Conversion: | Each Debenture is convertible, at the Debenture holder's option, into voting common shares at any time prior to the close of business on the Business Day immediately preceding the Maturity Date at $0.60 per voting common share, being a ratio of approximately 1,667 voting common shares per $1,000 principal amount of the Debentures. |
| Day Count Type: | 365 |
| Interest Start Date: | October 19, 2012 |
| First Coupon Date: | April 30, 2013 |
| Coupon Dates: | April 30 and October 31 |
| Clearing and Settlement: | The Debentures will clear and settle through CDS. |
| Board Lot: | The Debentures are in denominations of $1,000 and will trade in a board lot size of $1,000 face value. |
For further information, please refer to TSX Venture Exchange bulletin dated November 30, 2012.
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ERA CARBON OFFSETS LTD. ("ESR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the acquisition of all of the issued and outstanding shares of Offsetters Clean Technology Inc. ("Offsetters") and Carbon Credit Corporation ("CCC") pursuant to agreements between the Company and parties as follows:
| i) | Ledcor Environmental Group Ltd.. ("Ledcor") and Offsetters Clean Technology Inc. ("Offsetters") and Carbon Credit Corporation ("CCC") dated November 7, 2012 as amended by an Amending Agreement dated December 13, 2012; |
| ii) | James Tansey dated November 9, 2012; and |
| iii) | Donovan Wollard dated October 9, 2012. |
Consideration is comprised of the following:
| A. Ledcor Environmental Group Ltd. | |
| i. | 2,000,000 share purchase warrants exercisable at $0.40 per share until March 17, 2017; |
| ii) | $500,000 cash; |
| iii) | On or before December 30, 2013, the greater of either (A) $1,500,000 or (B) the sum of 15% of the net cash it receives from projects unrelated to its current operations (the "Net Cash Received") in 2013, and 35% of commissions from the Great Bear Project (a "GBI payment) in 2013; |
| iv) |
On or before December 30, 2014, the greater of either (A) $500,000; or (B) the sum of 15% payment for the Net Cash Received in 2014, and the GBI Payment for 2014; |
| v) | On or before December 30, 2015, the greater of (A) $500,000, or (B) the sum of 15% payment for the Net Cash Received in 2015 and the GBI Payment for 2015; |
| vi) | On or before December 30, 2016, the greater of (A) $500,000; or (B) the sum of 15% Payment for the Net Cash Received in 2016 and the GBI Payment for 2016; and |
| vii) |
15% of Net Cash Received and 35% of GBI Commissions during the period of December 31, 2016 and March 31, 2017 attributable to revenues accrued in 2016. |
The total of all Payments shall not be less that the Minimum Purchase Price of $3.5 million and not
more than the Maximum Purchase Price of $6.0 million.
| B. | Mr. Wollard: | |
| i) | 200,000 shares | |
| C. | Mr. Tansey: | |
| i) | 2,000,000 shares | |
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FIRST POTASH CORP. ("FSP")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 400,000 shares to Miraflores Advisors, Inc. in consideration of certain ongoing consulting services provided to the Company.
The Company shall issue a news release when the shares are issued.
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GLASS EARTH GOLD LIMITED ("GEL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the third and final tranche of a Non-Brokered Private Placement announced November 30, 2012, as amended December 11, 2012:
| Number of Shares: | 1,844,500 shares | |||
| Purchase Price: | $0.16 per share | |||
| Warrants: | 1,844,500 share purchase warrants to purchase 1,844,500 shares | |||
| Warrant Exercise Price: | $0.25 for a two year period | |||
| Number of Placees: | 10 placees | |||
| Finder's Fee: | $2,240 payable to MSL Capital Markets Limited | |||
| $2,240 payable to Justin Marek, d.b.a. E52 Financial Ltd., with 14,000 warrants exercisable at $0.25 for two years |
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| $9,626.40 payable to Loeb Aron & Company Ltd., with 60,165 warrants exercisable at $0.25 for two years |
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| 14,000 issuable to Duncan Priest, exercisable at $0.25 for two years | ||||
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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GLOBAL GREEN MATRIX CORP. ("GGX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
This is a second and final tranche closing
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 16, 2013:
| Number of Shares: | 1,500,000 units | ||||
| Each unit ("Unit") is comprised of one common share and one common share purchase warrant. |
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| Purchase Price: | $0.05 per Unit | ||||
| Warrants: | 1,500,000 share purchase warrants to purchase 1,500,000 shares | ||||
| Warrant Exercise Price: | $0.15 for a two year period from closing | ||||
| Number of Placees: | 1 placee | ||||
| Insider / Pro Group Participation: | None | ||||
| Finder's Fee: | $7,500 cash and 150,000 non-transferrable warrants ("Finder's Warrants") payable to Ms. Laura Benson. |
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| Each Finder's Warrants entitles the holder to purchase one common share at a price of $0.15 per common share until expiry two years from the date of closing. |
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For further information please refer to the Company's press release dated February 15, 2013.
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GO CAPITAL I, INC. ("GOC.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 19, 2013, effective at 5:46 a.m., February 20, 2013, 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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HANA MINING LTD. ("HMG")
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, February 20, 2013, 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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HFX HOLDING CORP. ("HXC.P")
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, February 20, 2013, 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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INFINITO GOLD LTD. ("IG")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Company Tier Reclassification
BULLETIN DATE: February 20, 2013
TSX Venture Tier 1 Company
Disposition:
TSX Venture Exchange has accepted for filing an Asset Purchase Agreement (the "Agreement") dated January 24, 2013 between Industrias Infinito S.A., a wholly owned subsidiary of Infinito Gold Ltd. (the "Company") and Zandor Capital S.A. Colombia ("Zandor"), whereby the Company is selling Zandor certain movable property and equipment (the "Assets") located in Nicaragua.
In order to acquire the Assets, Zandor must pay to the Company a total of US$4,303,000.
The transaction is arms-length.
Further details can be found in the Company's news release dated January 28, 2013.
Tier Move:
In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company. Therefore, effective Thursday, February 21, 2013, the Company's Tier classification will change from Tier 1 to:
Classification
Tier 2
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NORTHERN FREEGOLD RESOURCES LTD. ("NFR")
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, February 20, 2013, 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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NORTHERN FREEGOLD RESOURCES LTD. ("NFR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 9:15 a.m., PST, February 20, 2013, shares of the Company resumed trading, an announcement having been made.
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ONEMOVE TECHNOLOGIES INC. ("OM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 6:30 a.m., PST, February 20, 2013, shares of the Company resumed trading, an announcement having been made.
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ORACLE ENERGY CORP. ("OEC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 3, 2012:
| FIRST TRANCHE: | ||||||
| Number of Shares: | 6,343,992 shares | |||||
| Purchase Price: | $0.125 per share | |||||
| Warrants: | 3,171,996 share purchase warrants to purchase 3,171,996 shares | |||||
| Warrant Exercise Price: | $0.20 for a two year period | |||||
| Number of Placees: | 17 placees | |||||
| Insider / Pro Group Participation: | ||||||||||
| Insider=Y / | ||||||||||
| Name | ProGroup=P / | # of Shares | ||||||||
| MK Resource Management Inc. (Art Green) | Y | 1,400,000 | ||||||||
| James Ladner | Y | 80,000 | ||||||||
| Martin John Yeo | Y | 144,000 | ||||||||
| Firebrand Ventures Corp. (Nasim Tyab) | Y | 584,000 | ||||||||
| Peter Francis | Y | 396,000 | ||||||||
| Finder's Fee: | $10,125 plus 81,000 warrants is payable to Canaccord Genuity Capital Corp. |
| $5,000 plus 460,400 warrants is payable to Fox-Davies Capital Ltd. | |
| $20,000 is payable to Matthias Kaufman | |
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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PEPCAP VENTURES INC. ("WAV.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 11:30 a.m., PST, February 20, 2013, shares of the Company resumed trading, an announcement having been made.
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QUINTO REAL CAPITAL CORPORATION ("QIT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 6:30 a.m., PST, February 20, 2013, shares of the Company resumed trading, an announcement having been made.
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RHINO EXPLORATION INC. ("RHI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 15, 2013 and January 24, 2013:
| Number of Shares: | 1,723,331 flow through shares | |||||||
| 1,730,000 non-flow through shares | ||||||||
| Purchase Price: | $0.15 per flow through share | |||||||
| $0.10 per non-flow through share | ||||||||
| Warrants: | 861,666 share purchase warrants attached to flow through shares to purchase 861,666 shares at a price of $0.25 per share for a two year period. |
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| 1,730,000 share purchase warrants attached to non-flow through shares to purchase 1,730,000 shares at a price of $0.15 per share for two year period. |
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| Number of Placees: | 24 placees | |||||||
| Insider / Pro Group Participation: | ||||||||||
| Insider=Y / | ||||||||||
| Name | ProGroup=P / | # of Shares | ||||||||
| Aggregate Pro Group Involvement | P | 593,332 | ||||||||
| [3 placees] | ||||||||||
| Finder's Fee: | EMD Financial Inc. receives $50,950, 173,000 non-transferable warrants, each exercisable for one share at a price of $0.25 for a period of 24 months, and 250,000 non-transferable warrants, each exercisable for one share at a price of $0.15 for a period of 24 months. |
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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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RIO GRANDE MINING CORP. ("RGV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated January 14, 2013 between Rio Grande Mining Corp. (the 'Company') and GeoXplor Corp. (John Rud, Clive Ashworth) pursuant to which the Company has the option to acquire a 75% interest in 50 mineral claims comprising 1,000 acres in Gilas County, Arizona. In consideration, the Company will make cash payments totalling $500,000, issue 3,000,000 shares and undertake a total of $450,000 in exploration expenditures as indicated below. The vendor retains a 3% net smelter return royalty of which the Company may purchase up to 2%, at a price of $1,000,000 per each 1%, at any time up to the point of a production decision.
| CASH | SHARES | WORK EXPENDITURES | |||||||||||||
| Upon Exchange Approval | nil | 3,000,000 | nil | ||||||||||||
| First Year Anniversary | $100,000 | nil | nil | ||||||||||||
| Second Year Anniversary | $150,000 | nil | $150,000 | ||||||||||||
| Third Year Anniversary | $250,000 | nil | $300,000 | ||||||||||||
A finder's fee of 380,000 shares is payable to Donnybrook Capital Corp. (Michael Blady) in stages: 300,000 shares upon Exchange approval and 80,000 shares upon the payment of the first year's cash consideration.
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SAMARANTA MINING CORPORATION ("SAX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, February 20, 2013, shares of the Company resumed trading, an announcement having been made.
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STATESMAN RESOURCES LTD. ("SRR")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue the equivalent of 5% (or US$25,000.00) in bonus shares in connection with a bridge loan agreement in the amount of US$500,000.00. The deemed price per share is calculated on the basis of the greater of the 5 day average trading price of the Company's shares or CDN$0.20.
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TOMAGOLD CORPORATION ("LOT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 6:30 a.m., PST, February 20, 2013, shares of the Company resumed trading, an announcement having been made.
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TRUE NORTH APARTMENT REAL ESTATE INVESTMENT TRUST ("TN.R")
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
Effective at 8:52 a.m. PST, February 20, 2013, 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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TRUE NORTH APARTMENT REAL ESTATE TRUST ("TN.UN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a non-arm's length acquisition agreement (the "Agreement") accepted on February 19, 2013 pursuant to which True North Apartment Real Estate Investment Trust (the "REIT") has agreed to acquire 17 properties comprised of 1,570 residential suites in four high-rise, seven mid-rise and six low-rise buildings located in Ontario, Quebec, Alberta and British Columbia for a purchase price of $152.8 million (the "Acquisition").
The purchase price for the Acquisition will be satisfied by a portion of the proceeds raised in the REIT's January 2013 public offering, the assumption of $6.8 million of mortgage debt, a $33.0 million mortgage including a $5 million vendor take back mortgage and the issuance of class B limited partnership units of an affiliated entity of the REIT.
For more information, refer to the REIT's news release dated February 20, 2013.
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NEX COMPANIES:
PARAMAX RESOURCES LTD. ("PXM.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 20, 2013
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 6, 2013, effective at 11:56 a.m., February 20, 2013, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to TSXV Listings Policy 5.3. 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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RIPPER OIL AND GAS INC. ("RYP.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 20, 2013
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 19, 2013, effective at 9:26 a.m., February 20, 2013, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Change of Business and/or the Reverse Takeover pursuant to TSXV Policy 5.2. 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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SOURCE: TSX Venture Exchange
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