VANCOUVER, April 8, 2013 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: April 5. 2013
TSX Venture Company
A Cease Trade Order has been issued by the Alberta Securities Commission on April 5, 2013 against the following company for failing to file the documents indicated within the required time period:
| Symbol | Tier | Company | Failure to File | Period | ||||||||
| Ending | ||||||||||||
| (Y/M/D) | ||||||||||||
| LTX | 2 | Labrador Technologies Inc. | Interim unaudited financial | |||||||||
| statements, interim management's | ||||||||||||
| discussion & analysis, & certification | ||||||||||||
| of interim filings for the interim period | ||||||||||||
| ended | 13/01/31 | |||||||||||
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
________________________________________
ALTIMA RESOURCES LTD. ("ARH")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: April 8, 2013
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 June 8, 2012 and August 10, 2012:
| Convertible Debenture | $1,413,868 | |||
| Conversion Price: | Convertible into units consisting of one common share at a conversion price of $0.10, with a mandatory conversion if the share price exceeds certain limits. |
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| Maturity date: | June 30, 2015 | |||
| Interest rate: | 12% per annum | |||
| Number of Placees: | 10 placees | |||
| Insider / Pro Group Participation: | ||||||
| Insider=Y / | ||||||
| Name | ProGroup=P | # of Shares | ||||
| Richard Switzer | Y | $50,000 | ||||
| Simco Services Inc. (Joe DeVries) | Y | $250,000 | ||||
| Finder's Fee: | Tim Clarke will receive a 6% finder's fee of $17,100. | |||
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.
________________________________________
ARCTIC STAR EXPLORATION CORP. ("ADD")
BULLETIN TYPE: Warrant Term Extension, Correction
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange bulletin dated March 27, 2013, the bulletin should have read as follows:
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| Private Placement: | ||||
| # of Warrants: | 3,087,999 | |||
| Original Expiry Date of Warrants: | March 29, 2013 | |||
| New Expiry Date of Warrants: | March 29, 2014 | |||
| Exercise Price of Warrants: | $0.50 | |||
These warrants were issued pursuant to a private placement totalling 6,176,000 shares with 3,087,999 share purchase warrants attached, which was accepted for filing by the Exchange in two tranches dated effective April 4, 2012 and May 7, 2012.
________________________________________
ENCANTO POTASH CORP. ("EPO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 2, 2013:
| Number of Shares: | 7,950,000 shares | |||
| Purchase Price: | $0.34 per share | |||
| Number of Placees: | 2 placees | |||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Hamad Al-Wazzan | Y | 7,350,000 | ||||||
| Finder's Fee: | $135,150 payable to Horgen Holdings 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.
________________________________________
GEMOSCAN CANADA, INC. ("GES")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 142,857 common shares to settle outstanding debt for $15,000.
| Number of Creditors: | 1 Creditor | ||||||||
| Insider / Pro Group Participation: | |||||||||||
| Insider=Y / | Amount | Deemed Price | |||||||||
| Creditor | Progroup=P | Owing | per Share | # of Shares | |||||||
| Keshill Consulting | |||||||||||
| Associates Inc. | Y | $15,000 | $0.105 | 142,857 | |||||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
GROUNDSTAR RESOURCES LIMITED ("GSA")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 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 March 28, 2013, it may repurchase for cancellation, up to 1,300,000 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period April 8, 2013 to April 7, 2014. Purchases pursuant to the bid will be made by Questrade Inc. on behalf of the Company.
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HFX HOLDING CORP. ("HXC.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated March 5, 2013, effective at the open on Tuesday,
April 9, 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.
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ICONIC MINERALS LTD. ("ICM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an option agreement dated March 12, 2013 (the 'Agreement') between the Company and the St. Georges Family Trust (Sonia Clarke and Francois Dumas) and the DeVries Family Trust (Joe DeVries, Maria DeVries, Megan DeVries, Lauren DeVries, Natasha DeVries) (collectively the 'Optionors'). Pursuant to the terms of the Agreement, the Company may acquire up to an 85% interest in the Yellow Lake Property in Quebec (the 'Property'). By way of consideration, the Company will issue in stages a total of 1,500,000 shares to the Optionors and pay cash totaling $250,000, both over a five year period. The Company has also agreed to exploration commitments of $2,500,000. The Property is subject to a 2% NSR, of which 1% may be purchased by the Company for $1,500,000.
Please refer to the Company's news release of March 13, 2013 for further details.
________________________________________
KILO GOLDMINES LTD. ("KGL")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Effective March 11, 2013 the Company's Short Form Prospectus dated March 8, 2013 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta, and Ontario Securities Commissions, pursuant to the provisions of the British Columbia, Alberta, and Ontario Securities Acts.
TSX Venture Exchange has been advised that closing occurred on March 20, 2013, for gross proceeds of CDN$10,000,000.
| Agents: | GMP Securities L.P., Clarus Securities Inc. and Byron Capital Markets Ltd. |
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| Offering: | 100,000,000 units. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share at $0.15 for a three year period. |
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| Unit Price: | $0.10 per unit | |||
| Warrant Exercise Price/Term: | $0.15 per share for a three year period. | |||
| Agent's Fee: | CDN$585,330 cash commission and 2,926,650 non-transferable broker warrants. Each broker warrant is exercisable into one common share at $0.10 for a two year period. |
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KIRRIN RESOURCES INC. ("KYM")
BULLETIN TYPE: Suspend
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Further to the Company's press dated April 4, 2013, effective at the opening on Tuesday, April 9, 2013 trading in the shares of the Company will be suspended for having less than 3 Directors.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
________________________________________
LONG HARBOUR EXPLORATION CORP. ("LHC")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 854,860 shares to settle outstanding debt for $68,388.81.
| Number of Creditors: | 4 Creditors | ||||||
| Insider / Pro Group Participation: | ||||||||||||
| Insider=Y / | Amount | Deemed Price | ||||||||||
| Creditor | Progroup=P | Owing | per Share | # of Shares | ||||||||
| Peter Espig | Y | $20,289.68 | $0.08 | 253,621 | ||||||||
| Geoff Lee | Y | $21,199.12 | $0.08 | 264,989 | ||||||||
| Howard Louie | Y | $14,400.00 | $0.08 | 180,000 | ||||||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
LUCKY MINERALS INC. ("LJ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 8, 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: | 1,000,000 shares | |||
| Purchase Price: | $0.50 per share | |||
| Warrants: | 1,000,000 share purchase warrants to purchase 1,000,000 shares | |||
| Warrant Exercise Price: | $0.75 for a one year period, subject to an acceleration clause | |||
| Number of Placees: | 12 placees | |||
| Insider / Pro Group Participation: | ||||||
| Insider=Y / | ||||||
| Name | ProGroup=P | # of Shares | ||||
| Sonny Janda | Y | 120,000 | ||||
| Finder's Fee: | Western JT Capital Management Corporation (Jeeven Janda) $39,000 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.]
________________________________________
NORTHERN FREEGOLD RESOURCES LTD. ("NFR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche a Non-Brokered Private Placement announced April 3, 2013:
| Number of Shares: | 13,768,333 shares | ||
| Purchase Price: | $0.06 per share | ||
| Warrants: | 6,884,167 share purchase warrants to purchase 6,884,167 shares | ||
| Warrant Exercise Price: | $0.10 for a three year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at a 20-day volume-weighted average trading price of $0.15 or greater at any time after four months and one day after the closing date. |
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| Number of Placees: | 14 placees | ||
| Insider / Pro Group Participation: | ||||||
| Insider=Y / | ||||||
| Name | ProGroup=P | # of Shares | ||||
| Marco Strub | Y | 840,000 | ||||
| Glen Diduck | Y | 100,000 | ||||
| Toklat Resources (Tim Termuendo) | Y | 100,000 | ||||
| John Burges | Y | 100,000 | ||||
| Westview Consulting Ltd. (Paul Reynolds) | Y | 100,000 | ||||
| Finder's Fee: | Inigo Partners Inc. (Jason Ling) will receive a finder's fee of $5,964.00. | ||||||
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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ORCA GOLD INC. ("ORG")
[formerly Canaco Resources Inc. ("CAN")]
BULLETIN TYPE: Reverse Takeover-Completed, Name Change and Consolidation
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. has accepted for filing Canaco Resources Inc.'s ("Canaco") Reverse Takeover (the "RTO") and related transactions, all as principally described in its management information circular dated February 27, 2013 (the "Information Circular"). The RTO includes the following matters, all of which have been accepted by the Exchange.
1. Acquisition of 100% of the issued and outstanding shares of Shark Minerals Inc.:
On December 14, 2012 Canaco entered into a share purchase agreement (the "Share Purchase Agreement") with Shark Minerals Inc. ("Shark") and the shareholders of Shark, pursuant to which Canaco agreed to acquire all of the issued and outstanding securities of Shark in exchange for securities of Canaco on the basis of 2.7339 Canaco common shares for every one (1) Shark common share.
Canaco's business objective after completion of the RTO will be to continue to be the same as previously carried on by Shark, namely the exploration and development of mineral properties in East Africa.
Shark is engaged in the acquisition and exploration of mineral properties in Africa. Its initial focus is on three properties (Blocks 14, 67 and 68) constituting a large land holding (20,020 square kilometres) in northern Sudan near the border with Egypt that forms part of the Arabian-Nubian Shield. These properties have had little, if any, modern exploration activity prior to their acquisition by Shark and are considered highly prospective with artisanal miners throughout the area. Shark has been exploring Block 14 for the past 16 months and an initial drill program is underway.
The Exchange has been advised that Canaco's acquisition of Shark and the related transactions have received shareholder approval and have been completed. For additional information refer to the Information Circular available under Orca Gold Inc.'s profile on SEDAR.
2. Name Change and Consolidation:
In connection with the transactions, Canaco will change its name from Canaco Resources Inc. to Orca Gold Inc. Pursuant to a special resolution passed by shareholders on March 28, 2013, Canaco has consolidated its capital on a three (3) old for one (1) new basis.
Effective at the opening on Tuesday, April 9, 2013, the common shares of Orca Gold Inc. will commence trading on TSX Venture Exchange under the trading symbol ORG, and the common shares of Canaco Resources Inc. will be delisted. Orca Gold Inc. is classified as a 'Mineral Exploration' company.
| Capitalization: | Unlimited | shares with no par value of which | |||
| 106,834,124 | post-consolidation shares are issued and outstanding | ||||
| Escrow: | 36,806,997 | post-consolidation shares are subject to a 36 month staged escrow release | |||
| Transfer Agent: | Computershare Investor Services Inc. | ||
| Trading Symbol: | ORG | (new) | |
| CUSIP Number: | 68558N 10 2 | (new) | |
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PETROSTAR PETROLEUM CORP. ("PEP")
BULLETIN TYPE: Halt
BULLETIN DATE: April 5, 2013
TSX Venture Tier 2 Company
Effective at 1:28 p.m. PST, April 5, 2013, trading in the shares of the Company was halted pending clarification of company affairs. 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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REDISHRED CAPITAL CORP. ("KUT")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 7, 2012:
| Convertible Debenture | $375,000 | |||
| Conversion Price: | Convertible into shares at $0.30 of principal outstanding. | |||
| Maturity date: | December 31, 2017 | |||
| Interest rate: | 7.5% | |||
| Number of Placees: | 8 placees | |||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | $ | ||||||
| Jeffrey Hasham | Y | $25,000 | ||||||
| Bloomfield Holdings Limited (Robert Richardson) | Y | $50,000 | ||||||
| Robert Kay | Y | $50,000 | ||||||
| Robert Crozier | Y | $50,000 | ||||||
| Phillip Gaunce | Y | $50,000 | ||||||
| Philip Fraser | Y | $50,000 | ||||||
| Tracadie Investments Limited (James Lawley) | Y | $50,000 | ||||||
| Professional Shredding Partnership | Y | $50,000 | ||||||
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).
________________________________________
RESERVOIR MINERALS INC. ("RMC")
BULLETIN TYPE: Halt
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Effective at 6:13 a.m. PST, April 8, 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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RIO SILVER INC. ("RYO")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, April 8, 2013, shares of the Company resumed trading, an announcement having been made.
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SG SPIRIT GOLD INC. ("SG")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated April 5, 2013, effective at 5:00 a.m.,
April 8, 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 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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SIENNA GOLD INC. ("SGP")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and accepted the change of the Filing and Regional Office from Calgary, Alberta to Vancouver, BC.
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STRIA CAPITAL INC. ("SRA.P")
BULLETIN TYPE: Halt
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, April 8, 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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VIRIDIS ENERGY INC. ("VRD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 8, 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 April 3, 2013:
| Number of Shares: | 30,000,000 shares | |||
| Purchase Price: | $0.10 per share | |||
| Warrants: | 15,000,000 share purchase warrants to purchase 15,000,000 shares | |||
| Warrant Exercise Price: | $0.15 in the first year period | |||
| $0.20 in the second year | ||||
| $0.25 in the third year | ||||
| $0.30 in the fourth year | ||||
| $0.35 in the fifth year | ||||
| Number of Placees: | 1 placee | |||
| Insider / Pro Group Participation: | ||||
| Insider=Y / | ||||
| Name | ProGroup=P | |||
| Cornwall Investments LLC | Y | |||
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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ZECOTEK PHOTONICS INC. ("ZMS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 8, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation with respect to a Non-Brokered Private Placement announced March 27, 2013:
| Number of Shares: | 3,784,442 shares | |||
| Purchase Price: | $0.36 per share | |||
| Warrants: | 1,892,221 share purchase warrants to purchase 1,892,221 shares | |||
| Warrant Exercise Price: | $0.50 for a two year period | |||
| Number of Placees: | 7 placees | |||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Aggregate Pro Group Involvement | P | 1,311,109 | ||||||
| [3 placees] | ||||||||
| Finders' Fees: | $26,600.01 and 73,888 finder's warrants payable to Aran Asset Management SA | ||||
| $42,727.94 and 118,688 finder's warrants payable to AlphaEdge Inc. | |||||
| $20,999.99 and 58,333 finder's warrants payable to Valerie Atwater | |||||
| $5,040 and 14,000 finder's warrants payable to Haywood Securities Ltd. | |||||
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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SOURCE: TSX Venture Exchange
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