VANCOUVER, Feb. 10, 2014 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: February 7, 2014
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on February 7, 2014 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) | ||||
CLB | 1 | Colombia Crest Gold Corp. | A comparative financial statement | |
for its financial year ended | 13/09/30 | |||
A Form 51-102F1 Management's | ||||
Discussion and Analysis for the period | ||||
ended | 13/09/30 |
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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ABCANA CAPITAL INC. ("ABQ.H")
[formerly Abcana Capital Inc. ("ABQ.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.4, Capital Pool Companies, the Company has not completed a Qualifying Transaction within the prescribed time frame. Therefore, effective at the opening on Tuesday, February 11, 2014, 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 February 11, 2014, 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 ABQ.P to ABQ.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture Exchange Bulletin dated November 12, 2013, trading in the Company's securities will remain suspended.
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CANADA STRATEGIC METALS INC. ("CJC")
BULLETIN TYPE: Halt
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
Effective at 5:22 a.m., PST, February 10, 2014, 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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CENTRAL RESOURCES CORP. ("CBC")
BULLETIN TYPE: Halt
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, February 10, 2014, 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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CENTRAL RESOURCES CORP. ("CBC")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 10, 2014, effective at 7:15 a.m.,
February 10, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding a Change of Business and/or Reverse Take-Over pursuant to TSXV Listings 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.
________________________________________
COLOMBIAN MINES CORPORATION ("CMJ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 4, 2013:
Number of Shares: | 3,333,333 shares |
Purchase Price: | $0.30 per share |
Warrants: | 3,333,333 share purchase warrants to purchase 3,333,333 shares |
Warrant Exercise Price: | $0.45 for a five year period |
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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FERRUM AMERICAS MINING INC. ("FEM")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 10, 2013:
Number of Shares: | 7,732,837 shares |
Purchase Price: | $0.08 per share |
Warrants: | 7,732,837 share purchase warrants to purchase 7,732,837 shares |
Warrant Exercise Price: | $0.20 for a three year period |
Number of Placees: | 3 placees |
Convertible Debenture: | CDN$500,000 unsecured convertible debenture |
Conversion Price: | Convertible into common shares at $0.20 of principal outstanding per share until maturity. |
Maturity date: | Three years from issuance |
Number of Placees: | 1 placee |
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.
For further details, please refer to the Company's news dated December 10, 2013.
________________________________________
GFK RESOURCES INC. ("GFK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation of GFK Resources Inc. ("GFK") relating to an Option Agreement dated December 11, 2013 between GFK and Adventure Gold Inc. ("Adventure Gold"), in connection with GFK's acquisition from Adventure Gold of an option to earn up to 100% of 446 claims in the province of Quebec known as the Casa-Cameron project. Under the terms of the Option Agreement, GFK has the option (the "First Option") to acquire an initial 51% interest in consideration of: (1) a cash payment of $250,000 and 2,000,000 common shares of GFK, (2) not less than $1,500,000 in exploration expenditures by December 31, 2014 or alternatively, not less than $2,000,000 in exploration expenditures by August 31, 2015 (the "Phase 1 Expenditures"), (3) Following the completion of the Phase 1 Expenditures, payment to Adventure Gold of $1,250,000 in cash or, at the election of GFK, in common shares of GFK, subject to a minimum cash payment of $250,000, and (4) funding, by no later than August 31, 2018, an additional amount of not less than $3,500,000 in exploration expenditures if the Phase 1 Expenditures were equal to $1,500,000 or alternatively, $3,000,000 in exploration expenditures if the Phase 1 Expenditures were equal to $2,000,000 (the "Phase 2 Expenditures").
Following the completion of the First Option, GFK shall have an additional option (the "Second Option") to acquire Adventure Gold's remaining 49% interest in the project in consideration of: (1) $5,500,000 in cash or, at the election of GFK, in common shares of GFK, subject to a minimum cash payment to Adventure Gold of $500,000, and (2) the grant of a 2% NSR, half of which can be bought back by GFK for an amount of $1,000,000.
The Agreement specifies that not more than 35,000,000 common shares of GFK, as its share capital is presently constituted, may be issued to Adventure Gold for the various option payments under the First and Second Option.
For further information, please refer to the GFK press releases dated December 12, 2013 and February 5, 2014.
GFK RESOURCES INC. (« GFK »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 10 février 2014
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents de GFK Resources Inc. (« GFK ») relativement à une entente d'option datée du 11 décembre 2013 entre GFK et Adventure Gold inc. (« Adventure Gold »), permettant l'acquisition par GFK d'une option d'acquérir jusqu'à 100 % des 446 claims situés dans la province du Québec connus sous le nom du projet Casa-Cameron. En vertu de l'entente d'option, GFK a l'option (la « Première Option ») d'acquérir un intérêt initial de 51 % en considération de : (1) un paiement en espèces de 250 000 $ et l'émission de 2 000 000 d'actions ordinaires de GFK, (2) pas moins de 1 500 000 $ en travaux d'exploration avant le 31 décembre 2014 ou 2 000 000 $ avant le 31 août 2015 (la « Phase 1 des travaux d'exploration »), (3) effectuer après l'exercice de la Phase 1, un paiement comptant de 1 250 000 $ à Adventure Gold, que GFK aura l'option de payer en actions ordinaires sous réserve d'un paiement comptant minimum à Adventure Gold de 250 000 $, et (4) des travaux d'exploration additionnels de 3 500 000 $ avant le 31 août 2018 si la Phase 1 des travaux d'exploration totalise $1 500 000, ou des travaux d'exploration additionnels de 3 000 000 $ si la Phase 1 des travaux d'exploration totalise 2 000 000 $ (la « Phase 2 des travaux d'exploration »).
Suivant l'exercice de la Première Option, GFK aura l'option d'acquérir un intérêt additionnel de 49 % (la « Deuxième Option ») en considération : (1) d'un paiement comptant de 5 500 000 $ à Adventure Gold, que GFK aura l'option de payer en action ordinaires de GFK sous réserve d'un paiement comptant minimum à Adventure Gold de 500 000 $, et (2) d'une redevance égale à 2 % NSR dont la moitié peut être rachetée en considération d'une somme de 1 000 000 $.
L'entente d'option prévoit qu'un nombre maximum de 35 000 000 d'actions ordinaires de GFK pourront être émis à Adventure Gold, pour les divers paiements en actions, suivant l'exercice de la Première et de la Deuxième Option.
Pour de plus amples renseignements, veuillez vous référer aux communiqués de presse de GFK datés du 11 décembre 2013 et du 5 février 2014.
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HHT INVESTMENTS INC. ("HHT.P")
BULLETIN TYPE: CPC-Information Circular, Remain Halted
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's CPC Information Circular dated February 5, 2014, for the purpose of mailing to shareholders and filing on SEDAR. Trading in the shares of the Company will remain halted.
____________________________
LOYALIST GROUP LIMITED ("LOY")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 9, 2014:
Number of Shares: | 14,300,000 shares |
Purchase Price: | $0.70 per share |
Number of Placees: | 50 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Aggregate ProGroup Involvement | P | 184,872 |
[4 placees] | ||
Agent's Fee: | An aggregate of $600,600 plus 715,000 agent's warrants (each exercisable into one common share at a price of $0.70 for a two year period) is payable to Beacon Securities Limited, Cormark Securities Inc. and Paradigm Capital 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). 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.
________________________________________
MATAMEC EXPLORATIONS INC. ("MAT")
BULLETIN TYPE: Halt
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
Effective at 5:58 a.m. PST, February 10, 2014, trading in the shares of the Company was halted 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.
________________________________________
MINCOM CAPITAL INC. ("MOI.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated January 10, 2014, effective at the open, Tuesday, February 11, 2014, 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.
________________________________________
PETROLYMPIC LTD. ("PCQ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 13, 2014:
Number of Shares: | 8,770,666 shares |
Purchase Price: | $0.15 per share |
Warrants: | 8,770,666 share purchase warrants to purchase 8,770,666 shares |
Warrant Exercise Price: | $0.25 for an eighteen month period |
Number of Placees: | 11 placees |
Finder's Fee: | An aggregate of 877,066 compensation option, each exercisable at a price of $0.15 for a period of eighteen into one common share and one warrant with the same terms as above, payable to Saul Fixler, Hanna Brach and Miraiam Wider |
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). The Company must also issue a news release if the private placement does not close promptly.
________________________________________
SEARCH MINERALS INC. ("SMY")
BULLETIN TYPE: Private Placement-Non-Brokered, Remain Halted
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 17, 2013:
Number of Shares: | 8,906,464 shares |
Purchase Price: | $0.07 per share |
Warrants: | 4,453,232 share purchase warrants to purchase 4,453,232 shares |
Warrant Exercise Price: | $0.10 for a two year period |
Number of Placees: | 6 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Kaduna Consultoria e Participações Ltda. | ||
(Roberto Giannetti da Fonseca) | Y | 2,990,764 |
RJS Management Services Ltd. (Raymond Saunders) | Y | 1,500,000 |
Sercor Ltd. (Paulo Carlos de Brito) | Y | 2,200,000 |
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.]
Remain Halted:
Further to the bulletins dated August 20, 2013 and August 21, 2013, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to TSXV Listings Policy 5.3, Section 5.6(d).
________________________________________
STRATTON CAPITAL CORP. ("SNK.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on March 8, 2012. The Company, which is classified as a Capital Pool Company ('CPC'), is required to complete a Qualifying Transaction ('QT') within 24 months of its date of listing, in accordance with Exchange Policy 2.4.
The records of the Exchange indicate that the Company has not yet completed a QT. If the Company fails to complete a QT by its 24-month anniversary date of March 10, 2014, the Company's trading status may be changed to a halt or suspension without further notice, in accordance with Exchange Policy 2.4, Section 14.6.
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TAKARA RESOURCES INC. ("TKK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 20, 2013:
Number of Shares: | 2,560,000 flow-through shares |
Purchase Price: | $0.05 per share |
Number of Placees: | 7 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Andres Tinajero | Y | 200,000 |
Aggregate ProGroup Involvement | P | 400,000 |
[1 placee] | ||
Finder's Fee: | An aggregate of $6,800 plus 136,000 finder's warrants (each exercisable into one common share at a price of $0.05 for a one year period) is payable to GMP Securities L.P. and Euro Pacific Canada. |
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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TAMERLANE VENTURES INC. ("TAM")
BULLETIN TYPE: Suspend
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated January 30, 2014, effective at the opening on Tuesday, February 11, 2014, trading in the shares of the Company will be suspended for failure to maintain Exchange requirements.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
________________________________________
TTM RESOURCES INC. ("TTQ")
BULLETIN TYPE: Private Placement-Non-Brokered, Remain Suspended
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 1, 2013:
Number of Shares: | 466,666 shares |
Purchase Price: | $0.075 per share |
Warrants: | 466,666 share purchase warrants to purchase 466,666 shares |
Warrant Exercise Price: | $0.10 for a two year period |
Number of Placees: | 2 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Terry Lyons | Y | 333,333 |
This private placement closed on September 30, 2013.
Remain Suspended:
A Cease Trade Order has been issued by the British Columbia Securities Commission on November 7, 2013 against the Company. Upon revocation of the Cease Trade Order, the companies' shares will remain suspended until the companies meet TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.
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VIRTUTONE NETWORKS INC. ("VFX")
BULLETIN TYPE: Private Placement - Brokered, Amendment
BULLETIN DATE: February 10, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 7, 2014 the Exchange has accepted an amendment with respect to the Brokered Private Placement as follows:
Warrants: | 6,665,889 share purchase warrants to purchase 6,665,889 shares |
Finder's Fee: | $184,573 cash and 615,244 non-transferrable warrants ("Broker Warrants") payable to First Republic Capital Corporation. |
$106,380 cash and 354,600 Broker Warrants payable to Wolverton Securities Ltd. | |
$3,000 cash and 10,000 Broker Warrants payable to Leede Financial Markets Inc. | |
$8,910 cash and 29,700 Broker Warrants payable to Jones, Gable & Co. Ltd. | |
$14,400 cash and 48,000 Broker Warrants payable to TD Waterhouse | |
$2,700 cash and 9,000 cash payable to Acker Finley Asset Management Inc. | |
Each Broker Warrant is exercisable for Unit at a price of $0.30 for up to 2 years from date of issuance. |
The remainder of the bulletin is unchanged.
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WEALTH MINERALS LTD. ("WML")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: February 10, 2014
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: | 3,445,500 |
Original Expiry Date of Warrants: | March 1, 2014 |
New Expiry Date of Warrants: | March 1, 2015 |
Exercise Price of Warrants: | $0.10 |
These warrants were issued pursuant to a private placement of 3,445,000 shares with 3,445,000 share purchase warrants attached, which was accepted for filing by the Exchange effective March 1, 2013.
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SOURCE: TSX Venture Exchange
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