VANCOUVER, March 12, 2013 /CNW/ -
TSX VENTURE COMPANIES:
ABACUS MINING & EXPLORATION CORPORATION ("AME")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 12, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| Private Placement: | ||||||
| # of Warrants: | 7,223,409 | |||||
| Original Expiry Date of Warrants: | March 14, 2013 | |||||
| New Expiry Date of Warrants: | September 13, 2013 | |||||
| Exercise Price of Warrants: | $0.32 | |||||
These warrants were issued pursuant to a private placement of 14,446,818 shares with 7,223,409 share purchase warrants attached, which was accepted for filing by the Exchange effective March 30, 2012.
________________________________________
ACADIAN MINING CORPORATION ("ADA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced by press release dated February 28, 2013:
| Number of Shares: | 10,000,000 common shares | ||||||||
| Purchase Price: | $0.09 per common share | ||||||||
| Number of Placees: | 3 placees | ||||||||
|
The Company has confirmed the closing of the above-mentioned Private Placement through a press release dated March 8, 2013.
____________________________________
AGUILA AMERICAN GOLD LIMITED ("AGL")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
Further to the bulletin dated March 5, 2013 with respect to the first tranche of the private placement in the amount of 4,707,000 units at a price of $0.10 per unit, TSX Venture Exchange has been advised of the following finder's fee:
| Finder's Fee: | 1060593 Ontario Ltd. (Jordon T. Rose) will receive a finder's fee of $8,000 and 80,000 Finder's Warrants that are exercisable into common shares at $0.25 per share for a two year period. |
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The rest of the bulletin remains unchanged.
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ALPHAMIN RESOURCES CORP. ("AFM")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,500,000 shares at a deemed price of $0.20 per share to settle outstanding debt for $500,000.
| Number of Creditors: | 1 Creditor | |||||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
AMADOR GOLD CORP. ("AGX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 2013
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 February 22, 2013 and March 11, 2013:
| Number of Shares: | 500,000 shares | |||||
| Purchase Price: | $0.05 per share | |||||
| Warrants: | 500,000 share purchase warrants to purchase 500,000 shares | |||||
| Warrant Exercise Price: | $0.10 for a two year period | |||||
| Number of Placees: | 5 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. 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.
________________________________________
ARROWHEAD WATER PRODUCTS LTD. ("AWA")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Amending Agreement dated November 7, 2012 pursuant to a Letter Agreement (the "Agreement") dated September 4, 2012 between the Company and Ice River Springs Water Co. Inc. (the "Purchaser"), an arms length party, whereby the Company is selling all or substantially all of the assets of the Company (the "Disposition"). In consideration, the Purchaser will pay an aggregate of $1,650,000 in cash composed of a $250,000 option deposit payment paid November 18, 2012 followed by installment payments consisting of $433,300 on February 17, 2013, $433,000 on June 3, 2013 and $533,400 on January 7, 2014.
| No Insider / Pro Group Participation |
The Company will continue to review and consider business opportunities to satisfy the listing criteria of a Tier 2 issuer on the Exchange.
________________________________________
BIOSIGN TECHNOLOGIES INC. ("BIO")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 500,000 common shares at a deemed value of $0.10 per share to settle outstanding debt for $50,000.
| Number of Creditors: | 1 Creditor | |||||||
| Insider / Pro Group Participation: | ||||||||||||||||
| Insider=Y / | Amount | Deemed Price | ||||||||||||||
| Creditor | Progroup=P | Owing | per Share | # of Shares | ||||||||||||
| Jason Meretsky | Y | $50,000 | $0.10 | 500,000 | ||||||||||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
CANCEN OIL CANADA INC. ("COI")
BULLETIN TYPE: Private Placement-Brokered, Common Shares, Units and Convertible Debenture/s
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced December 11, 2012 and January 12, 2013:
| Number of Securities: | 4,930,634 common shares ("Shares") | |||
| 2,965,366 common share units ("Units") | ||||
| Each Unit consists of one common share and one common share purchase warrant. |
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| Purchase Price: | $0.38 per Share | |||
| $0.38 per Unit | ||||
| Warrants: | 2,965,366 share purchase warrants to purchase 2,965,366 shares | |||
| Warrant Exercise Price: | $0.50 for a five year period from the Unit offering closing date | |||
| Convertible Debenture | 1,493 debentures ("Debentures") | |||
| Each Debenture consists of $1,000 principal amount convertible unsecured subordinated debentures. |
||||
| Conversion Price: | Convertible into 2,132,855 common shares at a price of $0.70 per common share. |
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| Maturity date: | January 31, 2017 | |||
| Interest rate: | 10% | |||
| Number of Placees: | 88 placees | |||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Securities | ||||||
| Ian Simister | Y | 394,737 Units | ||||||
| Brian Petersen | Y | 700,074 Units | ||||||
| 5 Debentures | ||||||||
| BK Petersen Holdings Ltd. (Brian Petersen) | Y | 1,215,000 Units | ||||||
| 100 Debentures | ||||||||
| James Coughlan | Y | 197,400 Units | ||||||
| 15 Debentures | ||||||||
| Shankar Nandiwada | Y | 10 Debentures | ||||||
| Philip Lane | Y | 395,000 Units | ||||||
| 7 Debentures |
| Agent's Fee: | $72,436 cash and 32,198 non-transferrable options ("Agent's Options") payable to Stonecap Securities Inc. |
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| $16,394 cash and 11,846 Agent's Options payable to Wolverton Securities Ltd. |
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| 7,836 Agent's Options payable to PI Financial Corp. | ||||||
| $16,648 cash and 20,760 Agent's Options payable to Macquarie Private Wealth Inc. |
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| 9,600 Agent's Options payable to GMP Securities Inc. | ||||||
| 4,000 Agent's Options payable to All Group Financial Services Inc. | ||||||
| Each Agent's Option entitles the holder to purchase one common share at a price of $0.60 per common share until October 30, 2014. |
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________________________________________
COLOMBIA CREST GOLD CORP. ("CLB")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: March 12, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a share purchase agreement (the "Agreement") dated December 14, 2012 between Colombia Crest Gold Corp. ("Colombia Crest") and Steinmar Ltda ("Steinmar") pursuant to which Colombia Crest has agreed to sell to Steinmar 100% of the shares of its Bolivian subsidiary, Eaglecrest Exploration Bolivia S.A. ("Eaglecrest"). As consideration for the shares of Eaglecrest, Steinmar will pay to Colombia Crest US$5,000,000 over a ten year period as follows:
| 1. | US$100,000 on receipt of Exchange acceptance of the Agreement, | |
| 2. | US$100,000 on December 14, 2013, | |
| 3. | US$800,000 on December 14, 2014, | |
| 4. | US$800,000 on December 14, 2015, | |
| 5. | US$800,000 on December 14, 2016, | |
| 6. | US$900,000 on December 14, 2017, | |
| 7. | US$300,000 on December 14, 2018, | |
| 8. | US$300,000 on December 14, 2019, | |
| 9. | US$300,000 on December 14, 2020, | |
| 10. | US$300,000 on December 14, 2021, and | |
| 11. | US$300,000 on December 14, 2022. | |
The Agreement contains provisions for cancellation or reduction of the foregoing payments on the occurrence of certain stated events including, expropriation, nationalization or the imposition of new taxes or royalties by the Bolivian government.
| Insider / Pro Group Participation: | Nil. | |||||
For further information please see Colombia Crest's news release of January 2, 2013 which is available under their profile on SEDAR.
_______________________________________
EUROMAX RESOURCES LTD. ("EOX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 23, 2013:
| Number of Shares: | 14,814,815 shares | ||||||||
| Purchase Price: | $0.54 per share | ||||||||
| Number of Placees: | 2 placees |
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Investec Bank plc | Y | 9,259,259 | ||||||
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.
________________________________________
GENSOURCE CAPITAL CORPORATION ("GSP")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 12, 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: | 12,500,000 | |||
| Original Expiry Date of Warrants: | March 29, 2013 | |||
| New Expiry Date of Warrants: | March 31, 2014 | |||
| Exercise Price of Warrants: | $0.25 | |||
These warrants were issued pursuant to a private placement of 12,500,000 shares with 12,500,000 share purchase warrants attached, which was accepted for filing by the Exchange effective April 8, 2011.
________________________________________
GOLD PORT RESOURCES LTD. ("GPO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 2013
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 January 30, 2013:
| Number of Shares: | 7,618,999 shares | ||||
| Purchase Price: | $0.06 per share | ||||
| Warrants: | 7,618,999 share purchase warrants to purchase 7,618,999 shares | ||||
| Warrant Exercise Price: | $0.10 for a two year period | ||||
| Number of Placees: | 32 placees | ||||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Ken A. Sadowski | Y | 400,000 | ||||||
| Adrian F. C. Hobkirk | Y | 1,000,000 | ||||||
| Aggregate Pro Group Involvement | P | 250,000 | ||||||
| [1 placee] | ||||||||
| Finder's Fee: | $9,600 payable to Wolverton Securities Ltd., with 160,000 warrants attached, 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. 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.
________________________________________
HELLIX VENTURES INC. ("HEL")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated December 6, 2012 the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on December 6, 2012 has been revoked.
Effective at the opening, Wednesday, March 13, 2013, trading will be reinstated in the securities of the Company (CUSIP 423401108).
________________________________________
LEGEND POWER SYSTEMS INC. ("LPS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 27, 2013 and March 11, 2013:
| Number of Shares: | 8,479,286 shares | |||
| Purchase Price: | $0.07 per share | |||
| Warrants: | 8,479,286 share purchase warrants to purchase 8,479,286 shares | |||
| Warrant Exercise Price: | $0.10 for a two year period | |||
| Number of Placees: | 16 placees | |||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Michael Atkinson | Y | 375,000 | ||||||
| Maverick Projects Inc. (Michael Atkinson) | Y | 200,000 | ||||||
| Randy Buchamer | Y | 357,143 | ||||||
| Aggregate Pro Group Involvement | P | 700,000 | ||||||
| [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. [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.]
________________________________________
NORTHCORE RESOURCES INC. ("NCR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement, announced on December 12, 2012, February 11, 2013 and February 12, 2013:
| Number of Shares: | 12,000,000 common shares | |||
| Purchase Price: | $0.01 per share | |||
| Warrants: | 6,000,000 warrants to purchase 6,000,000 common shares | |||
| Warrant Exercise Price: | $0.05 per share for the first 12 months and $0.10 per share for the subsequent 12 months (maturity of 24 months) |
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| Number of Placees: | 8 placees | |||
| Insider/Pro Group Participation: | ||||||||
| Name | Insider = Y / Pro Group = P |
Number of Shares |
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| Garry Majerle | Y | 250,000 | ||||||
The Company has confirmed the closing of the Private Placement.
RESSOURCES NORTHCORE INC. (« NCR »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 12 mars 2013
Société du groupe 2 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 12 décembre 2012 le 11 fevrier et le12 février 2013 :
| Nombre d'actions : | 12 000 000 d'actions ordinaires | |||
| Prix : | 0,01 $ par action | |||
| Bons de souscription : | 6 000 000 de bons de souscription permettant de souscrire à 6 000 000 d'actions ordinaires |
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| Prix d'exercice des bons : | 0,05 $ par action durant les premiers 12 mois et 0,10 $ par action durant les 12 mois subséquents (échéance de 24 mois) |
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| Nombre de souscripteurs : | 8 souscripteurs | |||
| Participation initié / Groupe Pro : | ||||||||
| Nom | Initié = Y / Groupe Pro = P |
Nombre d'actions |
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| Garry Majerle | Y | 250 000 | ||||||
La société a confirmé la clôture du placement privé.
_____________________________
NORTHERN VERTEX MINING CORP. ("NEE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
Effective at 7:00 a.m., PST, March 12, 2013, shares of the Company resumed trading, an announcement having been made.
________________________________________
PASSPORT POTASH INC. ("PPI")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 21, 2013:
| SECOND TRANCHE: | ||||||
| Convertible Debenture | US$285,000 | |||||
| Conversion Price: | Convertible into common shares at US$0.19 per share for a one year period. | |||||
| Maturity date: | One year from issuance. | |||||
| Warrants | Each subscriber will receive five warrants for each US$1.00 Principal Amount with each warrant entitling the holder thereof to acquire one share at an exercise price of US$0.19 per share for a period of one year from the date of issuance. |
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| Interest rate: | 15% | |||||
| Number of Placees: | 4 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.
________________________________________
PENFOLD CAPITAL ACQUISITION IV CORP. ("PLD.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 11, 2013, effective at the open, Wednesday, March 13, 2013, 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.
________________________________________
PETRO OCCIDENTE CAPITAL CORP. ("OPP.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated March 8, 213, effective at 8:25 a.m., March 12, 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.
________________________________________
PISTOL BAY MINING INC. ("PST")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 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:
| FIRST TRANCHE: | |||||
| Number of Shares: | 2,955,000 shares | ||||
| Purchase Price: | $0.12 per share | ||||
| Warrants: | 2,955,000 share purchase warrants to purchase 2,955,000 shares | ||||
| Warrant Exercise Price: | $0.15 for an 18 month period | ||||
| Number of Placees: | 25 placees | ||||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Doug McFaul | Y | 100,000 | ||||||
| Aggregate Pro Group Involvement | P | 750,000 | ||||||
| [4 placees) | ||||||||
| Finder's Fee: | Haywood Securities Inc. will receive $6,000 plus 50,000 units with each unit consisting of one common shares and one full warrant and each warrant is exercisable for one common share at a price of $0.15 per share. |
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| Global Securities Inc. will receive $3,000 plus 25,000 units with each unit consisting of one common shares and one full warrant and each warrant is exercisable for one common share at a price of $0.15 per share. |
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| Canaccord Genuity Corp. will receive $19,800 plus 165,000 units with each unit consisting of one common shares and one full warrant and each warrant is exercisable for one common share at a price of $0.15 per share. |
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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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PRO REAL ESTATE INVESTMENT TRUST ("PRV.UN")
[formerly Taggart Capital Corp. ("TAG")]
BULLETIN TYPE: Plan of Arrangement, Name Change and Consolidation
BULLETIN DATE: March 12, 2013
TSX Venture Tier 1 Company
Plan of Arrangement:
Pursuant to a resolution passed by the shareholders of Taggart Capital Corp. ("the Issuer") at its annual and special meeting held on March 8, 2013, the Issuer has completed a reorganization by way of a plan of arrangement (the "Plan of Arrangement"). The arrangement was completed on March 11, 2013, and resulted in the Issuer effectively being converted into a real estate investment trust named PRO Real Estate Investment Trust ("PROREIT"). Pursuant to the Plan of Arrangement, each of the shareholders of the Issuer exchanged 10 common shares for (i) 1 trust unit of PROREIT ("Unit"), and/or (ii) in the case of certain shareholders, 1 Class B Unit of PRO REIT Limited Partnership and 1 Special Voting Unit of PROREIT.
Effective at the opening, Wednesday, March 13, 2013, the Units of the Issuer will commence trading in substitution for the currently listed common shares of the Issuer, and at the same time the common shares of the Issuer will be delisted.
For further information please refer to the Issuer's Management Information Circular dated February 15, 2013, which is available at www.sedar.com, as well as the press release issued by the Issuer on February 15, 2013 and March 12, 2013.
Name Change and Consolidation:
Pursuant to a resolution passed by the shareholders of the Issuer on March 8, 2013, the Issuer has consolidated its capital on a 10 old common shares for 1 new Unit basis. The name of the Issuer has also been changed to PRO Real Estate Investment Trust.
Effective at the opening, Wednesday, March 13, 2013, the Units of PRO Real Estate Investment Trust will commence trading on TSX Venture Exchange, and the common shares of Taggart Capital Corp. will be delisted. The Issuer is classified as a "Real Estate Investment Trust".
| Post - Consolidation | |||||
| Capitalization Arrangement: | Unlimited | Units with no par value of which | |||
| 2,856,937 | Units are issued and outstanding | ||||
| Escrow: | 377,798 | Units | |||
| Transfer Agent: | Equity Financial Trust Company | ||||
| Trading Symbol: | PRV.UN | (new) | |||
| CUSIP Number: | 742694102 | (new) | |||
____________________________
RARA TERRA MINERALS CORP. ("RTX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 10, 2013:
| Number of Shares: | 5,115,000 shares | ||||||
| Purchase Price: | $0.15 per share | ||||||
| Number of Placees: | 27 placees | ||||||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Roger Flowerdew | Y | 100,000 | ||||||
| Aggregate Pro Group Involvement | P | 1,641,666 | ||||||
| [8 placee(s)] |
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.
________________________________________
STRATA-X ENERGY LTD. ("SXE")
BULLETIN TYPE: Prospectus- Share Offering
BULLETIN DATE: March 12, 2013
TSX Venture Tier 2 Company
Effective February 13, 2013, the Company's Initial Public Offering Prospectus dated December 21, 2012 was filed with and accepted by TSX Venture Exchange, and filed with and approved by the Australian Securities Exchange on March 6, 2013.
TSX Venture Exchange has been advised that closing occurred on February 8, 2013, for gross proceeds of AUD$12,690,987.
| Agents: | BBY Ltd. | ||||
| Helmsec Global Capital Limited | |||||
| Offering: | 42,303,293 CDI | ||||
| Each CDI can be converted into common share certificates to trade in Canada on a one-to-one basis |
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| CDI Price: | $0.30 per CDI | ||||
| Agent's Commission: | Cash commission equal to 5% of the gross proceeds of the Offering. The Agents received 1,265,383 warrants to purchase up to 1,265,383 CDIs with an exercise price of $0.36 and a 3 year exercise term. |
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SOURCE: TSX Venture Exchange
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