VANCOUVER, Aug. 9, 2013 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: August 8, 2013
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on August 8, 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) | ||||
| OAG | 1 | Oremex Silver Inc. | Interim financial statements for | |
| the financial period ended | 13/03/31 | |||
| A Form 51-102F1 Management's | ||||
| Discussion and Analysis for the | ||||
| period ended | 13/03/31 | |||
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.
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ACTIVE CONTROL TECHNOLOGY INC. ("ACT")
BULLETIN TYPE: Share Capital Reorganization, Miscellaneous
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
Effective at the opening, Monday, August 12, 2013, the CUSIP Number of the Company will change to 004949509; however the name and symbol will not change.
Pursuant to a special resolution passed by shareholders July 30, 2013, the Exchange has accepted for filing documentation relating to the Company's Small Shareholder Consolidation Program.
Under the terms of the program, the Company will eliminate all of the registered shareholdings of less than 100 shares in exchange for a cash payment. This will be completed by a share consolidation on a 1 for 100 basis followed by a share split on a 100 for 1 basis.
The Company is classified as a 'Wireless Technologies' company.
| Post - Consolidation | ||
| Capitalization: | Unlimited | shares with no par value of which |
| 17,479,592 | shares are issued and outstanding | |
| Escrow | 0 | shares are subject to escrow |
| Transfer Agent: | Equity Financial Trust Company | |
| Trading Symbol: | ACT | (UNCHANGED) |
| CUSIP Number: | 004949509 | (new) |
Letters of Transmittal will be used to effect the Share Capital Reorganization. Letters of Transmittal were mailed to shareholders to return their present share certificates in exchange for new share certificates.
For further information, please refer to the Company's Information Circular and news release dated June 20, 2013, and subsequent news release dated June 30, 2013.
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ADVANCED EXPLORATIONS INC. ("AXI")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 300,000 shares at a deemed price of $0.05 per share to settle outstanding debt for $15,000.
| 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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ASIA PACKAGING GROUP INC. ("APX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with a Lang Purchase Agreement among Qingfeng (Jiangxi) Packing Material Technology Co. (subsidiary of the Company), Ltd., Fujian Xinshidai Industry Trade Development Co., Ltd. and Yuanxing Package (China) Co. Ltd. whereby the Company has acquired certain land use rights and buildings located in Wukeng Development Area, Longhu Town, Jinjiang City, Fujian Province, China. Consideration is RMB 120,000,000.
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AURIGA GOLD CORP. ("AIA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 6,930,000 shares to settle outstanding debt for $474,000.
| Number of Creditors: | 5 Creditors | |||
| Insider=Y / | Amount | Deemed Price | ||
| Creditor | Progroup=P | Owing | per Share | # of Shares |
| Mike Kernick | Y | $116,000 | $0.0725 | 1,600,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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AZUL VENTURES INC. ("AZL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 9, 2013:
| Number of Shares: | 8,750,000 shares |
| Purchase Price: | $0.08 per share |
| Warrants: | 8,750,000 share purchase warrants to purchase 8,750,000 shares |
| Warrant Exercise Price: | $0.15 for a two year period |
| Number of Placees: | 9 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| David O'Connor | Y | 2,332,870 |
| Michael Schuler | Y | 997,318 |
| Tony Wonnacott | Y | 960,635 |
| Bradley Boland | Y | 1,000,000 |
| Francisco Schubert | Y | 1,082,870 |
| Aggregate Pro Group Involvement | P | 625,000 |
| [1 placee] | ||
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). 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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BIG NORTH GRAPHITE CORP. ("NRT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a Non-Brokered Private Placement announced June 6, 2013:
| Number of Shares: | 9,000,000 shares |
| Purchase Price: | $0.05 per share |
| Warrants: | 9,000,000 share purchase warrants to purchase 9,000,000 shares |
| Warrant Exercise Price: | $0.10 for a two year period |
| Number of Placees: | 10 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.
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BLACKSTEEL ENERGY INC. ("BEY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 18, 2013:
| Number of Securities: | 1,244,818 flow-through shares ("FT Shares") |
| 7,827,910 common share units ("Units") | |
| Each Unit consists of one common share ("Share") and one common share purchase warrant ("Warrant"). | |
| Purchase Price: | $0.15 per FT Share |
| $0.13 per Unit | |
| Warrants: | 7,827,910 share purchase warrants to purchase 7,827,910 shares |
| Warrant Exercise Price: | $0.20 for a period of one year from the date of issuance. |
| Number of Placees: | 69 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Securities |
| The Hoff Inc. (Chris Scase) | Y | 70,000 Units |
| Eugene Chen | Y | 100,000 FT Shares |
| Leslie Treitz | Y | 33,000 FT Shares |
| Finder's Fee: | $115,416 cash, 111,148 non-transferrable options issued pursuant to sale of the FT Shares ("FT Agent Options"), and 775,791 non-transferrable options issued pursuant to the sale of Units ("Unit Agent Options") payable to Canaccord Genuity Corp. |
| Each FT Agent Option entitles the holder to purchase one Share at a price of $0.15 per Share until expiry one year after the date of closing. |
|
| Each Unit Agent Option entitles the holder to purchase one Unit at a price of $0.13 per Unit until expiry one year after the date of closing. |
|
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CANADA ENERGY PARTNERS INC. ("CE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 24, 2013:
| Number of Shares: | 5,000,000 shares |
| Purchase Price: | $0.10 per share |
| 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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CANADIAN SILVER HUNTER INC. ("AGH")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: August 9, 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 August 7, 2013, it may repurchase for cancellation, up to 636,873 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period August 13, 2013 to August 12, 2014. Purchases pursuant to the bid will be made by All Group Financial Services Inc. on behalf of the Company.
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CONWAY RESOURCES INC. ("CWY")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated July 29, 2013, effective at the opening on Monday, August 12, 2013, 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 August 7, 2013 for further information.
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GUERRERO EXPLORATION INC. ("GEX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to the Binding Letter of Intent (the "Agreement") dated July 20, 2012 between the Company and Pinette Copper Corp. ("Pinette"). As per terms of the Agreement, the Company has agreed to acquire all of the issued and outstanding shares of Pinette, a private Vancouver-based mineral exploration company with two exploration properties in Botswana (the "Assets"). In consideration, the Company will issue 33,809,885 shares at a deemed price of $0.05 to the shareholders of Pinette and issue a total of 4,080,000 shares at a deemed price of $0.05 to settle existing consulting agreements to two Non-Arm's Length Parties, composed of 2,400,000 to Stadnyk Industries Inc. and 1,680,000 to Tsafalas Enterprises Inc. Additionally, the Company will pay a finder's fee of 1,250,000 shares at a deemed price of $0.05 to an Arm's Length Party.
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Stadnyk Industries Inc. (Dave Stadnyk) | Y | 2,400,000 |
| Tsafalas Enterprises Inc. (George Tsafalas) | Y | 1,680,000 |
For further information, please review the Company's press release dated January 2, 2013.
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LONESTAR WEST INC. ("LSI")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: August 9, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced July 19, 2013:
| Number of Shares: | 3,900,000 shares |
| Purchase Price: | $2.60 per share |
| Number of Placees: | 44 placees |
| Agent's Fee: | an aggregate of $507,000, payable to Clarus Securities Inc. and Industrial Alliance Securities Inc. |
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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MAKENA RESOURCES INC. ("MKN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Temporary Relief Measure Non-Brokered Private Placement announced June 18, 2013, July 25, 2013, July 26, 2013 and August 7, 2013:
| Number of Shares: | 10,285,714 shares |
| Purchase Price: | $0.035 per share |
| Warrants: | 10,285,714 share purchase warrants to purchase 10,285,714 shares |
| Warrant Exercise Price: | $0.05 for a five year period |
| Number of Placees: | 15 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Canaccord Genuity Corp. ITF (Jason Gigliotti) | Y | 2,150,000 |
| Aggregate Pro Group Involvement | 350,000 | |
| [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.
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MARKSMEN ENERGY INC. ("MAH")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| # of Warrants: | 4,657,398 |
| Original Expiry Date of Warrants: | August 11, 2013 |
| New Expiry Date of Warrants: | August 11, 2014 |
| Exercise Price of Warrants: | $0.15 |
These warrants were issued pursuant to a private placement of 5,955,175 subscription receipts with 5,955,175 share purchase warrants attached (1,297,777 have been exercised) , which was accepted for filing by the Exchange effective November 17, 2010.
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NETCO SILVER INC. ("NEI")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 240,000 bonus shares in consideration of a loan for an aggregate amount of $60,000, repayable in 12 months and bearing interest at 12% per annum.
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PACIFIC WILDCAT RESOURCES LTD. ("PAW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 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 25, 2013:
| Number of Shares: | 1,849,285 shares |
| Purchase Price: | $0.07 per share |
| Warrants: | 924,643 share purchase warrants to purchase 924,643 shares |
| Warrant Exercise Price: | $0.10 for a one 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.
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PETROGLOBE INC. ("PGB")
BULLETIN TYPE: Halt
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
Effective at 7:23 a.m., PST, August 9, 2013, trading in the shares of the Company was halted for failure to maintain Exchange Requirements. 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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RIFT BASIN RESOURCES CORP. ("RIF.H")
[formerly Rift Basin Resources Corp. ("RIF")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: August 9, 2013
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 at the opening on Monday, August 12, 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 Vancouver to NEX.
As of August 12, 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 to RIF to RIF.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.
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SAMARANTA MINING CORPORATION ("SAX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining to an Exploration and Mining Lease with Options to Purchase Agreement dated July 24, 2013 between Samaranta Mining Corporation (the 'Company') and Mountain Gold Claims, LLC Series 4 (Thomas Callicrate, Lane Griffiths) pursuant to which the Company may lease the Spanish Canyon Project, located in north-central Nevada for a period of 20 years. In consideration, the Company will pay 20134-2014 annual maintenance and filing fees of US/$14,151, make escalating annual advance royalty payments, undertake escalating annual work commitments, and issue a total of 1,000,000 shares, as follows:
| CASH | SHARES | WORK EXPENDITURES | |
| Year 1 | US$19,151 | 200,000 | US$10,000 |
| Year 2 | US$15,000 | 200,000 | US$25,000 |
| Year 3 | US$20,000 | 200,000 | US$50,000 |
| Year 4 | US$20,000 | 200,000 | US$75,000 |
| Year 5 | US$30,000 | 200,000 | US$100,000 |
| Years 6-10 | US$50,000/year | nil | US$100,000/year |
| Years 11-15 | US$75,000/year | nil | US$100,000/year |
| Years 16 and thereafter | US$100,000/year | nil | US$100,000/year |
The owner is entitled to a 3% net smelter return royalty, of which the Company can purchase 1% for US$1,000,000 and an additional 1% for US$3,000,000.
The Company also has the option to purchase a 100% interest in the mineral rights to the Property for US$400,000.
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SECOVA METALS CORP. ("SEK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 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 June 25, 2013:
| Number of Shares: | 950,000 shares |
| Purchase Price: | $0.05 per share |
| Warrants: | 950,000 share purchase warrants to purchase 950,000 shares |
| Warrant Exercise Price: | $0.10 for a two year period |
| Number of Placees: | 1 placee |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Carson Seabolt | Y | 950,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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SKYHARBOUR RESOURCES LTD. ("SYH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 26, 2013:
| Number of Shares: | 6,250,000 flow through shares |
| Purchase Price: | $0.08 per share |
| Warrants: | 6,250,000 share purchase warrants to purchase 6,250,000 shares |
| Warrant Exercise Price: | $0.10 for a two year period |
| Number of Placees: | 22 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Donald Huston | Y | 125,000 |
| Jordan Trimble | Y | 500,000 |
| Aggregate Pro Group Involvement | P | 250,000 |
| [2 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.]
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THE MINT CORPORATION ("MIT")
[formerly Mint Technology Corp. ("MIT")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders June 27, 2013, the Company has consolidated its capital on a 10 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening on Monday, August 12, 2013, the common shares of The Mint Corporation will commence trading on TSX Venture Exchange, and the common shares of Mint Technology Corp. will be delisted. The Company is classified as a 'Payment Solutions' company.
| Post - Consolidation | ||
| Capitalization: | Unlimited | shares with no par value of which |
| 26,810,597 | shares are issued and outstanding | |
| Escrow: | 0 | shares |
| Transfer Agent: | Computershare Investor Services inc. | |
| Trading Symbol: | MIT | (UNCHANGED) |
| CUSIP Number: | 60447G109 | (new) |
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TITANSTAR PROPERTIES INC. ("TSP.DB")
BULLETIN TYPE: New Listing-Debentures, Prospectus-Debenture Offering
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
1. NEW LISTING:
Effective at the opening, Monday, August 12, 2013, the Debentures of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Real Estate' company.
| Corporate Jurisdiction: | British Columbia |
| Capitalization: | 4,500 $1,000 principal amount of Debentures of which |
| 4,500 Debentures are issued and outstanding | |
| Transfer Agent: | BNY Trust Company of Canada |
| Trading Symbol: | TSP.DB |
| CUSIP Number: | 88834Y AA 0 |
| Sponsoring Member: | Mackie Research Capital Corporation, Burgeonvest Bick Securities Limited, MGI Securities Inc. and PI Financial Corporation |
| Clearing and Settlement: | The Debentures will clear and settle through CDS and DTC. |
| Board Lot: | The Debentures will trade in a board lot size of CDN$1,000 face value. |
For further information please refer to the Company's Prospectus dated July 31, 2013.
2. PROSPECTUS:
Effective July 31, 2013, the Company's Prospectus dated July 31, 2013 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission and the Ontario Securities Commission, pursuant to the provisions of the applicable Securities Acts.
The prospectus has also been filed under Multilateral Instrument 11-102 Passport System ("MI 11-202") in Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of MI 11-202 have been satisfied.
TSX Venture Exchange has been advised that closing occurred on August 8, 2013, for gross proceeds of $4,500,000.
| Offering: | CDN$4,500,000 principal amount of 8.5% Convertible Redeemable Unsecured Subordinated Debentures. |
| Agents: | Mackie Research Capital Corporation (the "Lead Agent") |
| Burgeonvest Bick Securities Limited | |
| MGI Securities Inc. | |
| PI Financial Corporation | |
| Agents' Commission: | 6.00% cash and an additional 1.00% cash to the Lead Agent. A non-refundable work fee of $25,000 has also been paid to the Lead Agent |
| Agents' Compensation Options: | 3,323,076 non-transferable compensation options. 1 compensation option to purchase 1 additional share at $0.08125 per share up to August 8, 2015. |
| An additional 553,846 non-transferable compensation options with the same terms noted above have been issued to the Lead Agent. |
|
| Details of the Debentures: | |
| Maturity Date: | September 30, 2018 |
| Redemption: | The Debentures may be redeemed, at the option of the Company, in whole or in part, upon not more than 60 days and not less than 30 days prior written notice to the debenture holders after September 30, 2016 pursuant to the terms of the indenture governing the Debentures. However, prior to September 30, 2017, the Debentures may not be redeemed (except through operation of the sinking fund) if the current market price of the Company's common shares is less than $0.1015625. The Debentures are not redeemable prior to September 30, 2016, except through operation of the sinking fund. |
| The Company shall pay to the Indenture Trustee or a paying agent, as a sinking fund for the redemption of the Debentures, that amount which is equal to 3.00% of the aggregate outstanding principal amount of all Debentures outstanding on September 30, 2013 on September 30 in any year commencing with September 30, 2014 and ending with September 30, 2017. |
|
| Interest: | Interest at the rate of 8.5% per annum is payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year commencing September 30, 2013. |
| Subordination: | The payment of principal and interest on the Debentures is subordinated in right of payment to the extent set forth in the trust indenture governing the Debentures to the prior payment in full of all existing and future senior indebtedness of the Company. |
| Conversion: | The Debentures are convertible into common shares of the Company at $0.08125 per share at any time prior to the close of business on the earlier of: (i) the date that is five days immediately preceding the Maturity Date, and (ii) if called for redemption, on the business day immediately preceding the date specified by the Company for redemption of the Debentures. |
| Day Count Type: | 365 days |
| Interest Start Date: | August 8, 2013 |
| First Coupon Date: | September 30, 2013 |
| Coupon Dates: | March 31, June 30, September 30 and December 31 of each year. |
The first interest payment on September 30, 2013 which will include interest accrued from and including August 8, 2013 to but excluding September 30, 2013 (based on a closing date of August 8, 2013), will be in the amount of $12.34 per $1,000 principal amount of Debentures.
The Debentures will be quoted and traded on an accrued interest basis, i.e. all bids, offers and trades of the Debentures will reflect only the capital portion of the Debentures and will not reflect accrued interest. Accrued interest must be reflected in the seller's and buyer's settlement amount, and must be reflected on the confirmation with clients.
The Debentures, which are issuable only in denominations of $1,000 and integral $1,000 multiples thereof, will be quoted based on $100 principal amounts with all trades being made in multiples of $1,000. For example, an order to buy $5,000 principal amount will be given as an order to buy 5,000. An order to sell $20,000 principal amount will be shown as an order to sell 20,000. An order for 1,500, for example, is not acceptable since all trades must be made in multiples of $1,000. The minimum trading unit of Debentures is $1,000 and a board lot of Debentures is $1,000.
For further information please refer to the Company's Prospectus dated July 31, 2013.
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TRUECLAIM EXPLORATION INC. ("TRM")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: August 9, 2013
TSX Venture Tier 2 Company
Further to the bulletins dated July 26, 2013 and July 31, 2013, both of the bulletins referred to the First Tranche only of the Non-Brokered Private Placement announced June 5, 2013. The terms were amended as follows:
| Number of Shares: | 4,600,000 shares |
| Purchase Price: | $0.06 per share |
| Warrants: | 4,600,000 share purchase warrants to purchase 4,600,000 shares |
| Warrant Exercise Price: | $0.10 for a two year period |
| Number of Placees: | 5 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Bryon Coulthard | Y | 1,000,000 |
| YCP Consulting Inc. (T. Nikolai) | Y | 3,000,000 |
| Finder's Fee: | $720 payable to Canaccord Genuity Corp. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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NEX COMPANY:
RED PINE INVESTMENTS LTD. ("RPN.H")
BULLETIN TYPE: Halt
BULLETIN DATE: August 9, 2013
NEX Company
Effective at 5:08 a.m., PST, August 9, 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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RED PINE INVESTMENTS LTD. ("RPN.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 9, 2013
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated August 9, 2013, effective at 12:15 p.m.,
August 9, 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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SOURCE: TSX Venture Exchange
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