VANCOUVER, Nov. 12, 2013 /CNW/ -
TSX VENTURE COMPANIES:
ABCANA CAPITAL INC. ("ABQ.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: November 12, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated October 10, 2013, effective at the open, Wednesday November 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.
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ESSEX ANGEL CAPITAL INC. ("EXC")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: November 12, 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 Toronto to Calgary.
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ISIS LAB CORPORATION ("LAB")
[formerly Wedona Capital Inc. ("WCI.P")]
BULLETIN TYPE: Qualifying Transaction-Completed, Prospectus Unit Offering, Name Change, Symbol Change, Reinstated for Trading
BULLETIN DATE: November 12, 2013
TSX Venture Tier 2 Company
Qualifying Transaction:
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in the Company's prospectus dated October 23, 2013, which was filed with and accepted by TSX Venture Exchange, which was filed with and receipted by the British Columbia Securities Commission and Ontario Securities Commission on October 24, 2013, and which was filed under Multilateral Instrument 11-102 in Alberta and Saskatchewan. As a result, at the opening on Wednesday, November 13, 2013, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the arm's length amalgamation, completed on November 7, 2013 (the "Amalgamation"), of the Company's wholly-owned subsidiary, 2377678 Ontario Inc. ("Subco"), with ISIS Lab Inc. ("ISIS") pursuant to the terms of the amalgamation agreement among the Company, Subco and ISIS dated June 28, 2013, as amended August 31, 2013 ("Amalgamation Agreement"). Pursuant to the Amalgamation Agreement, the Company issued 24,933,331 common shares to the former shareholders of ISIS.
The gross proceeds received by the Company for the prospectus offering were $6,900,000 (23,000,000 units at $0.30 per unit ("Unit"). Each Unit is comprised of one common share of the Company and one-half of one share purchase warrant ("Warrant"). Each full Warrant entitles the holder to purchase one Company share at $0.45 per share until November 7, 2015.
A total of 13,527,788 common shares of the Resulting Issuer are subject to escrow pursuant to an Exchange Tier 2 Value Security Escrow Agreement.
For further information, please refer to the Company's prospectus dated October 23, 2013, available on SEDAR.
Prospectus Unit Offering
The Company has closed its financing pursuant to its prospectus dated October 23, 2013, which was filed with and receipted by the British Columbia Securities Commission and Ontario Securities Commission on October 24, 2013, and was filed under Multilateral Instrument 11-102 in Alberta and Saskatchewan.
TSX Venture Exchange Inc. has been advised that the Offering closed on November 7, 2013, for gross proceeds of $6,900,000 (the "Offering").
| Agent: | Mackie Research Capital Corporation |
| Offering: | 23,000,000 units ("Units"). Each Unit consisting of one share and one-half of one share purchase warrant ("Warrant"). |
| Unit Price: | $0.30 per Unit |
Warrant Exercise Price/Term: Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.45 for a period of two years.
Agent's Fee: A cash commission of $552,000 and options (the "Agent's Options") entitling the Agent to purchase 1,840,000 Units (the "Agent's Units"). The Agent's Options will be exercisable until November 7, 2015 at $0.30 per Agent Unit. The Company also paid the Agent a fee of $30,000 and issued 33,334 shares to the Agent.
Name Change:
Effective at the opening on Wednesday, November 13, 2013, the common shares of ISIS Lab Corporation will commence trading on TSX Venture Exchange, and the common shares of Wedona Capital Inc. will be delisted. The Company is classified as a 'Computer Systems Design and Related Services' company.
Symbol Change:
Effective at the opening, Wednesday, November 13, 2013, the trading symbol for the Company will change from WCI.P to LAB.
Reinstated for Trading:
Further to TSX Venture Exchange's Bulletins dated August 23, 2013, trading in the securities of the Resulting Issuer will resume at the opening on Wednesday, November 13, 2013.
In addition, the Exchange has accepted for filing the following:
| Corporate Jurisdiction: | British Columbia | |
| Consolidation | ||
| Capitalization: | Unlimited | shares with no par value of which |
| 53,629,860 | are issued and outstanding | |
| Escrow: | 13,527,788 | shares are subject to Tier 2 Value Escrow |
| 2,000,000 | remain subject to the existing CPC Escrow Agreement | |
| Transfer Agent: | Computershare Investor Services Inc. | |
| Symbol: | LAB | (NEW) |
| CUSIP Number: | 45023V 10 9 | (NEW) |
| Company Contact: | Daniel Kajouii, Chairman, President and Chief Executive Officer | |
| Company Address: | 964 Westport Crescent, Unit 6; Mississauga, ON L5T 1S3 | |
| Company Phone Number: | (905) 670-2662 | |
| Company Fascimile: | (905) 696-0931 | |
| Company E-Mail: | [email protected] | |
| Company Website: | www.isislab.com | |
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KENNADY DIAMONDS INC. ("KDI")
BULLETIN TYPE: Private Placement-Non-Brokered, Brokered
BULLETIN DATE: November 12, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to Brokered and Non-Brokered Private Placements announced October 9, October 10, 2013 and October 16, 2013:
| Number of Shares: | 1,157,000 flow-through shares and |
| 1,608,621 non flow-through shares | |
| Purchase Price: | $5.50 per flow-through share |
| $4.75 per non flow-through share | |
| Number of Placees: | 58 placees |
| Insider / Pro Group Participation: | |||
| Insider=Y / | |||
| Name | ProGroup=P / | # of Shares | |
| Bottin (International) Investments Ltd. (Dermot Desmond) | Y | 147,368 | |
| Evans Trust | Y | 979 | |
| Finder's Fee: | An aggregate of $25,025 payable to Dundee Securities Ltd. and Salman Partners Inc. | ||
For further details, please refer to the Company's news releases dated October 22, 2013 and October 25, 2013.
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MAGNUM GOLDCORP INC. ("MGI")
[formerly Magnum Capital Corp. ("MGK.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private Placement-Non-Brokered, Name Change
BULLETIN DATE: November 12, 2013
TSX Venture Tier 2 Company
Qualifying Transaction-Completed/New Symbol
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated August 16, 2013. As a result, at the opening on November 13, 2013 the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction involves the arm's length acquisition (the Acquisition) of an option to acquire a 51% undivided interest (the Option) in the LH Claims and the Willa Claims, (collectively, the LH Property) located in the Kootenay Land District of British Columbia.
The Acquisition was completed pursuant to an Option Agreement dated September 6, 2012 (the Option Agreement) entered into between the Company and International Bethlehem Mining Corp. (International Bethlehem) a TSX Venture Exchange listed issuer, whereby the Company has the Option on a 51% undivided interest in the LH Property through the following payments and share issuances:
| (a) | $100,000 payment to International Bethlehem, within 5 business days of Exchange acceptance of the Acquisition (the Effective Date), | |
| (b) | Incurring expenditures totalling $500,000 as follows: | |
| (i) | $250,000 by the first anniversary of the Effective Date, | |
| (ii) | An additional $250,000 by the second anniversary of the Effective Date, and | |
| (c) | Issue to International Bethlehem 3,000,000 common shares of the Company as follows: | |
| (i) | 1,000,000 common shares at the then market price of the shares, by the first anniversary of the Effective Date, | |
| (ii) | 1,000,000 common shares at the then market price of the shares, by the second anniversary of the Effective Date, and | |
| (iii) | 1,000,000 common shares at the then market price of the shares, upon the LH Property receiving a bankable feasibility report on or before 10 years after the Option has been earned by the Company. |
|
In conjunction with and as a condition of completion of the Acquisition, the Company completed a non-brokered private placement for gross proceeds of $562,000, particulars of which are set forth below.
The Exchange has been advised that the above transactions have been completed.
Further details on the Acquisition and the non-brokered private placement can be found in the Company's Filing Statement dated August 16, 2013, as filed on SEDAR at www.sedar.com.
In addition, the Exchange has accepted for filing the following:
Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 21, 2012 and August 13, 2013:
| Number of Shares: | 2,555,000 common shares |
| 3,065,000 common shares (flow-through) | |
| Purchase Price: | $0.10 per common share |
| $0.10 per common share (flow-through) | |
| Warrants: | 2,555,000 share purchase warrants to purchase common 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 Common Shares | |
| David Evans | Y | 500,000 (flow-through) | |
| 250,000 (non-flow-through) | |||
| Daniel Evans | Y | 100,000 (flow-through) | |
| 400,000 (non-flow-through) | |||
| Criterion Capital Corporation (Douglas Mason) | Y | 500,000 (non-flow-through) | |
| Finder's Fee: | $4,000 payable to Jordan Capital Markets Inc. | ||
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company 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.
Name Change
Pursuant to a resolution passed by shareholders on February 20, 2013, the Company has changed its name from Magnum Capital Corp. to Magnum Goldcorp Inc. There is no consolidation of capital.
Effective at the opening on Wednesday, November 13, 2013 the common shares of Magnum Goldcorp Inc. will commence trading on TSX Venture Exchange, and the common shares of Magnum Capital Corp will be delisted.
| The Company is classified as a 'mining' company. | ||
| Capitalization: | Unlimited | common shares with no par value of which |
| 11,120,000 | common shares are issued and outstanding | |
| Escrow: | 2,500,000 | total common shares remain subject to a CPC Escrow Agreement |
| Transfer Agent: | Computershare Trust Company of Canada | |
| Trading Symbol: | MGI | (new) |
| CUSIP Number: | 55973N 10 6 | (new) |
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MANITOK ENERGY INC. ("MEI")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: November 12, 2013
TSX Venture Tier 1 Company
Effective November 1, 2013, the Company's Prospectus dated November 1, 2013 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta Securities Commission, Ontario Securities Commission, British Columbia Securities Commission, Saskatchewan Securities Commission, Manitoba Securities Commission, New Brunswick Securities Commission, Nova Scotia Securities Commission, Prince Edward Island and Newfoundland and Labrador Securities Commission pursuant to the provisions of the Securities Acts.
TSX Venture Exchange has been advised that closing occurred on November 8, 2013, for gross proceeds of $25,000,090.
| Agents: | National Bank Financial |
| Dundee Securities Ltd. | |
| Macquarie Capital Markets Canada Ltd. | |
| Integral Wealth Securities Ltd. | |
| RBC Dominion Securities Inc. | |
| TD Securities Inc. | |
| Offering: | 1,403,000 CDE Flow-Through shares |
| 5,638,900 CEE Flow-Through shares | |
| Share Price: | $3.35 per CDE Flow-Through share |
| $3.60 per CEE Flow-Through share | |
| Agents' Commission: | 5% of the gross proceeds |
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SOLID GOLD RESOURCES CORP. ("SLD")
BULLETIN TYPE: Company Tier Reclassification, Remain Suspended
BULLETIN DATE: November 12, 2013
TSX Venture Tier 1 Company
In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company. Therefore, effective Wednesday, November 13, 2013, the Company's Tier classification will change from Tier 1 to:
Classification
Tier 2
Further to the TSX Venture Exchange Bulletin dated October 25, 2013, trading in the Company's securities 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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SULTAN MINERALS INC. ("SUL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 12, 2013
TSX Venture Tier 2 Company
Effective at 6:30 a.m., PST, November 12, 2013, shares of the Company resumed trading, an announcement having been made.
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TOMAGOLD CORPORATION ("LOT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 12, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, November 12, 2013, shares of the Company resumed trading, an announcement having been made.
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SOURCE: TSX Venture Exchange
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