VANCOUVER, March 7 /CNW/ -TSX VENTURE COMPANIES
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: March 7, 2007
Re: Policy 2.7, Pre-Filing Conferences - Applications for Listing by
Foreign Issuers
The purpose of this bulletin is to remind Foreign Issuers that pre-filing
conferences give them an opportunity to canvass with the TSX Venture Exchange
(the Exchange) issues relating to an Application for Listing. Such conferences
are especially helpful when they discuss a Foreign Issuer's financial
reporting.
Exchange Policy 2.7, section 1.2(b) strongly recommends a pre-filing
conference for Applications for Listing by a Foreign Issuer. A Foreign Issuer
is an Issuer:
(a) the majority of whose mind and management or whose Control
Person, is resident outside of Canada or the United States; or
(b) the majority of whose principal operating assets are located
outside of Canada or the United States.
The Exchange has found that Foreign Issuers face more financial reporting
challenges, both before and after listing, than other Issuers. Both Securities
Laws pertaining to financial reporting and the accounting and auditing rules
embedded in Securities Laws have become more complicated. Challenges are
compounded when financial reports must describe businesses conducted in
jurisdictions with different business laws, accounting concepts and standards,
customs and languages.
The Exchange recommends that Foreign Issuers consider their business
circumstances affecting financial reporting and their financial reporting
capabilities in advance of a pre-filing meeting in order to advise the
Exchange of those needs and capabilities at the pre-filing meeting.
The following are some examples of financial reporting capabilities which
have caused both Foreign Issuers and the Exchange some concern:
- The CFO's ability to understand the economic substance of material
transactions and balances and to oversee the reporting of them in
accordance with Securities Laws and accounting rules.
- The audit committee's ability to execute meaningful oversight of the
CFO.
- The external auditor's ability to directly execute the audit field
work necessary to support the audit opinion.
The above list is not intended to be exhaustive, but provide guidance to
Issuers as a basis of discussion for a proposed pre-filing conference with the
Exchange.
If you have questions, please contact:
In British Columbia: Jody-Ann Edman, Phone 604-643-6526, Fax 604-682-6549
In Alberta: Matt Bootle, Phone: 1-877-884-2369; 403-218-2834,
Fax: 403-234-4354.
In Ontario: Ungad Chadda, Phone: 416-365-2206, Fax: 416-365-2224.
In Québec: Louis Doyle, Phone: 514-788-2407, Fax: 514-788-2421.
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 7 mars 2007
Objet : Politique 2.7 - Réunions préalables - Demandes d'inscription
présentées par des émetteurs étrangers
Le présent bulletin vise à rappeler aux émetteurs étrangers que les
réunions préalables leur permettent d'examiner en profondeur avec la Bourse de
croissance TSX (la "Bourse") des questions relatives à la présentation d'une
demande d'inscription. Ces réunions sont particulièrement utiles lorsqu'elles
ont trait à la communication de l'information financière par l'émetteur
étranger.
A l'alinéa 1.2b) de la Politique 2.7, il est fortement recommandé de tenir
une réunion préalable dans le cas de la présentation d'une demande
d'inscription par un émetteur étranger. Le terme "émetteur étranger" s'entend
de l'émetteur, selon le cas :
a) dont la majorité des administrateurs et des dirigeants ou dont
l'actionnaire dominant résident à l'extérieur du Canada ou des
Etats-Unis;
b) dont la majeure partie des principaux actifs d'exploitation est
située à l'extérieur du Canada ou des Etats-Unis.
La Bourse a constaté que les émetteurs étrangers éprouvent davantage de
difficultés liées à la communication de l'information financière que les
autres émetteurs, et ce, avant comme après leur inscription. Les lois sur les
valeurs mobilières qui se rapportent à la communication de l'information
financière ainsi que les règles en matière de comptabilité et de vérification
qui en font partie intégrante sont plus complexes que par le passé.
L'obligation de produire des rapports financiers qui portent sur des activités
exercées dans des territoires distincts sur le plan des lois sur les valeurs
mobilières et des concepts et des normes comptables ainsi que sur celui des
coutumes et de la langue ajoute aux difficultés de ces émetteurs.
La Bourse recommande aux émetteurs étrangers d'examiner la situation de
leur entreprise sous le rapport de la présentation de l'information financière
et de leurs capacités en cette matière avant la tenue d'une réunion préalable
afin d'être en mesure, à la réunion, de faire part à la Bourse de leurs
besoins et de leurs capacités.
Voici des exemples de capacités en communication de l'information
financière qui ont par le passé soulevé des préoccupations chez les émetteurs
étrangers et la Bourse :
- la capacité du chef des finances de comprendre la réalité économique
des opérations et des soldes d'importance et de surveiller la
déclaration qui en est faite en conformité avec les lois sur les
valeurs mobilières et les règles comptables;
- la capacité du comité de vérification de surveiller efficacement le
chef des finances;
- la capacité du vérificateur externe d'effectuer directement sur
place le travail sur lequel il s'appuie pour exprimer son opinion.
La liste qui précède ne se veut pas exhaustive, mais elle peut servir de
base de discussion aux émetteurs qui se proposent de tenir une réunion
préalable avec la Bourse.
Veuillez communiquer avec l'une des personnes suivantes si vous avez des
questions :
En Colombie-Britannique : Jody-Ann Edman, tél. : 604-643-6526; téléc. :
604-682-6549
En Alberta : Matt Bootle, tél. : 403-218-2834 ou 1-877-884-2369
En Ontario : Ungad Chadda, tél. : 416-365-2206; téléc. : 416-365-2224
Au Québec : Louis Doyle, tél. : 514-788-2407; téléc. : 514-788-2421
TSX-X
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BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: March 7, 2007
Re: Period in Which Issuers May Update a TSX Venture Exchange or a Toronto
Stock Exchange (TSX) Personal Information Form (PIF) Using a TSX Venture
Exchange Declaration on Form 2C1 extended from 12 months to 36 months
TSX Venture Exchange has amended Policy 3.2 - Filing Requirements and
Continuous Disclosure, Form 2A - Personal Information Form (the "PIF") and
Form 2C1 - Declaration (the "Declaration") as noted below:
Policy 3.2- Filing Requirements and Continuous Disclosure
1. Section 7.7(a) of Policy 3.2, (as well as PIF and the Declaration)
have been amended to extend the period where a person can file a
Declaration in lieu of a PIF from 12 months to 36 months from the
date of the previously filed PIF.
The PIF
1. The following question has been added to section 4 - Positions with
Other Issuers:
"Has your employment as an officer of an issuer ever been suspended
or terminated for cause? If yes, attach full particulars."
2. Sections 8(A)(i) and 8(A)(ii) have been amended to ensure consistent
disclosure about current proceedings by Securities Regulatory
Authorities and Self Regulatory Organizations. The sections will be
amended as follows:
8 A. Are you now, in any jurisdiction, the subject of:
(i) a notice of hearing or similar notice issued by an SRA or any
self regulatory organization?
(ii) a proceeding or to your knowledge, under investigation, by an
SRA or any other self regulatory organization?
3. Section 8(B) (iii) and (v) in Prior Proceedings by Securities
Regulatory Authority or Self Regulatory Organization has been amended
as follows:
8 B. Have you ever:
(iii) been prohibited or disqualified under securities, corporate or
any other legislation from acting as a director or officer of a
reporting issuer or been prohibited or restricted by a self
regulatory organization or SRA from acting as a director,
officer, employee, agent or consultant of a reporting issuer?
(v) had any other proceeding, review, or investigation of any
nature or kind taken against you?
4. A provision has been added to the General Instructions section of the
PIF, indicating that any questions about the PIF should be directed
to the Exchange.
These changes also cause both the PIF and the Declaration to conform in
substantially all respects to the same forms required by TSX.
If you have questions about these changes, please contact:
In British Columbia and Alberta: Matt Bootle Phone: 403-218-2834 or
1-877-884-2369
In Ontario: Ungad Chadda, Phone: 416-365-2206, Fax: 416-365-2224.
In Québec: Louis Doyle, Phone: 514-788-2407, Fax: 514-788-2421.
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 7 mars 2007
Objet : Prolongation de la période, qui passe de 12 mois à 36 mois, au
cours de laquelle les émetteurs peuvent mettre à jour un Formulaire de
renseignements personnels de la Bourse de croissance TSX ou de la Bourse de
Toronto (la "TSX") au moyen d'une Déclaration sur Formulaire 2C1 de la Bourse
de croissance TSX
La Bourse de croissance TSX a apporté les modifications indiquées
ci-dessous à la Politique 3.2 - Exigences en matière de dépôt et information
continue, au Formulaire 2A - Formulaire de renseignements personnels (le
"formulaire") et au Formulaire 2C1 - Déclaration (la "déclaration").
Politique 3.2 - Exigences en matière de dépôt et information continue
1. L'alinéa 7.7a) de la Politique 3.2 (ainsi que le formulaire et la
déclaration) ont été modifiés afin de prolonger la période au cours
de laquelle une personne peut déposer une déclaration au lieu d'un
FRP; cette période passe de 12 mois à 36 mois, à compter de la date
du dernier dépôt d'un FRP.
2. Des corrections terminologiques ont été apportées à la version
française uniquement de la Politique 3.2 afin de la rendre conforme à
la terminologie de la nouvelle réglementation en valeurs mobilières
en vigueur.
Formulaire de renseignements personnels :
1. La question suivante a été ajoutée à la section 4 intitulée "Postes
auprès d'autres émetteurs" :
"Avez-vous déjà été suspendu de vos fonctions ou congédié pour un
motif justifié à titre de dirigeant d'un émetteur? Si oui, joindre un
compte rendu détaillé."
2. Les questions 8(A)(i) et (ii) ont été modifiées de façon à
uniformiser les renseignements demandés quant aux procédures en cours
entreprises par des organismes de réglementation des valeurs
mobilières et des organismes d'autoréglementation. Elles ont été
modifiées comme suit :
8 A. Faites-vous actuellement l'objet, dans un territoire quelconque,
de ce qui suit :
(i) un avis de comparution ou un avis similaire délivré par un
organisme de réglementation des valeurs mobilières ou un
organisme d'autoréglementation?
(ii) une procédures ou, à votre connaissance, une enquête entreprise
par un organisme de réglementation des valeurs mobilières ou un
organisme d'autoréglementation?
3. Les questions 8(B)(iii) et (v) figurant sous le titre "Procédures
antérieures entreprises par un organisme de réglementation des
valeurs mobilières ou un organisme d'autoréglementation" ont été
modifiées comme suit :
8 B. Avez-vous déjà fait l'objet de ce qui suit :
(iii) une interdiction d'agir à titre d'administrateur ou de
dirigeant d'un émetteur assujetti ou une déclaration d'incapacité à
exercer ces fonctions aux termes d'une loi, notamment une loi sur les
valeurs mobilières ou sur les sociétés, ou une interdiction ou une
restriction d'agir à titre d'administrateur, de dirigeant, d'employé,
de mandataire ou de consultant d'un émetteur assujetti émanant d'un
organisme d'autoréglementation ou d'un organisme de réglementation
des valeurs mobilières?
(v) toute autre procédure, tout autre examen ou toute autre
enquête, de quelque nature que ce soit?
4. Une disposition a été ajoutée à la section des instructions générales
du formulaire; il y est précisé que les questions au sujet du
formulaire doivent être adressées à la Bourse.
Par suite de ces modifications, le formulaire et la déclaration sont
essentiellement conformes à tous égards aux formulaires correspondants exigés
par la TSX.
Si vous avez des questions au sujet de ces modifications, veuillez
communiquer avec l'une des personnes suivantes :
en Colombie-Britannique et en Alberta : Matt Bootle, tél. : 403-218-2834
ou 1-877-884-2369;
en Ontario : Ungad Chadda, tél. : 416-365-2206, téléc. : 416-365-2224;
au Québec : Louis Doyle, tél. : 514-788-2407, téléc. : 514-788-2421.
TSX-X
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ACCELEWARE CORP. ("AXE")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced January 22, 2007:
Number of Shares: 6,153,846 Units
(Each Unit consists of one common share and
one-half of one share purchase warrant.)
Purchase Price: $1.30 per Unit
Warrants: 3,076,923 share purchase warrants to purchase
3,076,923 shares
Warrant Exercise Price: $2.00 for a period of 22 months from the
closing date
Number of Placees: 88 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Units
Christopher Brown P 10,000
Mohamed Elsaghir P 30,000
Tarik Elsaghir P 30,000
Glen G. Gray P 4,000
Peter Kim P 1,000
James E. Lucyk P 10,000
Bryan Paul P 7,500
Tim J. Pinkoski P 22,000
Eligio Reina P 13,578
James Ross P 16,538
Geoff Taylor P 2,000
Paul Thornton P 7,700
Agent: Northern Securities Inc.
Agent's Fee: $640,000 and 492,308 Agent's Warrants, plus a
work fee of $25,000
Each Agent's Warrant is exercisable for one Unit at a price of $1.30 for a
period of 22 months from the closing date.
TSX-X
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ACERO-MARTIN EXPLORATION INC. ("ASD")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Brokered Private Placement announced February 14, 2007:
Number of Shares: 11,478,500 shares
Purchase Price: $0.50 per share
Warrants: 11,478,500 share purchase warrants to purchase
11,478,500 shares
Warrant Exercise Price: $0.75 for a one year period
Number of Placees: 174 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Shares
Peter Tabbit P 20,000
Joe Rocha P 6,500
Elaine Christakos P 8,000
Christina S. Mcmanaman P 5,000
Bryan Paul P 6,000
Rex William Thompson P 50,000
Steve Engh P 40,000
Joe Da Silva P 15,000
Li Zhu P 26,000
Finder's Fee: Union Securities will receive a fee of $442,810
and 1,104,970 Agent's Compensation Options
that are exercisable into Agent's Compensation
Units at a price of $0.50 per unit. Each
Compensation Unit is comprised of one common
share and one non-transferable share purchase
warrant exercisable at $0.75 per share for a
one year period.
Blackmont Capital Inc. will receive a fee of
$1,000 and 2,000 Agent's Compensation Options
with the same terms as above.
Penson Financial Services Canada Inc. will
receive a fee of $15,330 and 40,880 Agent's
Compensation Options with the same terms as
above.
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.
TSX-X
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AUSTRAL PACIFIC ENERGY LTD. ("APX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 17, 2006:
Number of Shares: 5,007,000 shares
Purchase Price: US$1.30 per share
Number of Placees: 14 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Shares
Trans-Orient
Petroleum Ltd. Y 1,395,000
Peter Loretto Y 25,000
Ronald Bertuzzi Y 10,000
Infratil Gas Limited Y 2,307,000
Finder's Fee: McDouall Stuart Securities Ltd. will receive a
fee of US$6,350
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.
TSX-X
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BIG BAR GOLD CORPORATION ("BBK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection
with the following:
1. An Option Agreement dated January 9, 2007 between John Rothermel,
Linda Kay Rothermel and Fred Rothermel (collectively the "Vendors")
and the Company whereby the Company has been granted an option to
acquire 8 patented mineral claims located in the Riverside Mining
District, Gila and Pinal Counties, Arizona. Consideration is US
$143,000 and 60,000 common shares payable over a three year period to
each Vendor equally.
2. An Option Agreement dated January 17, 2007 between Harry W. Hagen and
Edythe Hagen (collectively the "Vendors") and the Company whereby the
Company has been granted an option to acquire 3 fee parcels located
in the Riverside Mining District, Gila and Pinal Counties, Arizona.
Consideration is US$131,895 and 60,000 common shares payable over a
three year period to each Vendor equally.
TSX-X
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BLACKSTONE VENTURES INC. ("BLV")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced February 6, 2007:
Number of Shares: 11,500,000 shares
Purchase Price: $0.90 per share
Warrants: 5,750,000 share purchase warrants to purchase
5,750,000 shares
Warrant Exercise Price: $1.35 for an 18 month period
Number of Placees: 86 placees
Finder's Fee: Wellington West Capital Markets Inc. will
receive $434,700 and 483,000 Agent's Warrants
that are exercisable into common shares at
$0.90 per share for an 18 month period.
Toll Cross Securities Inc. will receive
$124,200 and 138,000 Agent's Warrants with the
same terms as above.
Versant Partners Inc. will receive $62,100 and
69,000 Agent's Warrants with the same terms as
above.
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.
TSX-X
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CHALK MEDIA CORP. ("CKM")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced February 19, 2007:
Convertible Debenture: US$200,000
Conversion Price: Convertible into common shares at US$0.15 per
share
Maturity date: 2 years
Warrants: 1,333,333 detachable warrants will be issued
with a term of two years from the date of
issuance of the notes and each warrant will
entitle the holder to purchase one common
share. The warrants are exercisable at the
price of US$0.15 for two years.
Interest rate: 5%
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.
TSX-X
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CHALK MEDIA CORP. ("CKM")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced February 12, 2007:
Convertible Debenture: US$4,000,000
Conversion Price: Convertible into common shares at US$0.15 per
share
Maturity date: 2 years
Warrants: 26,666,667 detachable warrants will be issued
with a term of two years from the date of
issuance of the notes and each warrant will
entitle the holder to purchase one common
share. The warrants are exercisable at the
price of US$0.15 for two years.
Interest rate: 5%
Number of Placees: 4 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / Principal Amount
Platinum Partners Value Y $1,800,000
Arbitrage Fund, LP
Finder's Fee: US$200,000 payable to Gel Court Group 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.
TSX-X
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CONTINUUM RESOURCES LTD. ("CNU")
BULLETIN TYPE: Halt
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
Effective at 6:59 a.m. PST, March 7, 2007, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
this regulatory halt is imposed by Market Regulation Services, the Market
Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the
Universal Market Integrity Rules.
TSX-X
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ELORO RESOURCES LTD. ("ELO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced January 31, 2007:
Number of Shares: 625,000 flow-through shares
Purchase Price: $0.80 per share
Warrants: 625,000 share purchase warrants to purchase
625,000 shares
Warrant Exercise Price: $1.25 for a one year period
$2.00 in the second year
Number of Placees: 5 placees
Finder's Fee: $25,000 in cash and 62,500 finders' warrants
payable to Limited Market Dealer Inc., Toronto,
ON. Each finder's warrant is exercisable into
one common share at $1.25 if exercised within
the first year and at $2.00 if exercised within
the second year.
For further details, please refer to the Company's news release dated
February 27, 2007.
TSX-X
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FAIRMILE GOLDTECH INC. ("FLA")
BULLETIN TYPE: Private Placement-Non-Brokered, Remain Suspended
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced November 22, 2006:
Number of Shares: 8,000,000 shares
Purchase Price: $0.10 per share
Warrants: 4,000,000 share purchase warrants to purchase
4,000,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 4 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Shares
Pickering Family Trust Y 5,000,000
(Ginkin Pty Ltd.)
Darren John Rice Y 2,000,000
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.
Further to TSX Venture Exchange Bulletin dated October 12, 2006, trading
in the shares of the Company will remain suspended.
TSX-X
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FIRESTONE VENTURES INC. ("FV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an
arm's length acquisition of an option to purchase 100% interest in metallic
and industrial mineral permits in southwestern Alberta from Marum Resources
Inc. ("Marum"). In consideration, the Company will pay to Marum $3,000 cash
and issue 50,000 common shares of the Company at a deemed price of $0.48 per
share. We note that a 2% net smelter return royalty will be reserved for
Marum, half of which may be purchased by the Company at any time for
$1,000,000.
TSX-X
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FIRSTGROWTH CAPITAL INC. ("FGC")
BULLETIN TYPE: Private Placement-Brokered, Correction
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
Further to the Bulletin dated March 6, 2007, the Pro Group Participant,
Karla Muit, should be Karla Muir. Also, the name of the agent, Ascenta, should
have read Ascenta Finance Corp. not Ascenta Capital Partners Inc. as
originally stated.
TSX-X
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FORTUNA SILVER MINES INC. ("FVI")
BULLETIN TYPE: Halt
BULLETIN DATE: March 7, 2007
TSX Venture Tier 1 Company
Effective at 6:48 a.m. PST, March 7, 2007, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
this regulatory halt is imposed by Market Regulation Services, the Market
Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the
Universal Market Integrity Rules.
TSX-X
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HALMONT PROPERTIES CORPORATION ("HHC")
(formerly H.A.L. Concepts Ltd. ("HHC"))
BULLETIN TYPE: Name Change, Correction
BULLETIN DATE: March 7, 2007
TSX Venture Tier 1 Company
Further to TSX Venture Exchange Bulletin dated February 26, 2007, the
common shares of Halmont Properties Corporation should have been Class A
Voting shares and not common shares as originally stated.
TSX-X
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HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST ("HLR.UN")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, the TSX Venture Exchange has been advised of, and
accepted the change of the Filing and Regional Office from Winnipeg to
Toronto.
TSX-X
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NEW DIMENSION RESOURCES LTD. ("NDR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation
pertaining to an Option Letter Agreement dated February 23, 2007 between
Nevada Eagle Resources LLC, Gerald W. Baughman and Dimension Resources (USA)
Inc., a wholly owned subsidiary of New Dimension Resources Ltd. (the
'Company'), pursuant to which the Company may acquire a 100% interest in the
Blackrock Project, located in Lyon County, Nevada. The aggregate purchase
price is US$200,000 and 250,000 shares.
TSX-X
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NEW DIMENSION RESOURCES LTD. ("NDR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation
pertaining to a Mining Lease with an Option to Purchase agreement dated
March 1, 2007 between Silverthorn Exploration, Inc. and Dimension Resources
(USA) Inc., a wholly owned subsidiary of New Dimension Resources Ltd. (the
'Company'), pursuant to which the Company may acquire a 100% interest in 41
unpatented lode mining claims, together with all ores, minerals, surface and
mineral rights to explore for, mine and remove, same, located in the Broken
Hills Mining District, Mineral County, Nevada for a period of 10 years. The
aggregate lease price is US$480,000, with $15,000 due in years 1 and 2.
TSX-X
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PHOSCAN CHEMICAL CORP. ("FOS")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced February 12, 2007:
Number of Shares: 4,575,000 shares
Purchase Price: $0.35 per share
Number of Placees: 6 placees
Agent: Wellington West Capital Markets Inc., Toronto,
ON
Agent's Fee: 320,250 broker warrants. Each broker warrant
entitles the holder to acquire one common share
at $0.35 until June 2, 2008.
Commission: $112,087.50 payable in cash
For further details, please refer to the Company's news release dated
March 2, 2007.
TSX-X
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PLASMA ENVIRONMENTAL TECHNOLOGIES INC. ("PE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated August 25, 2006 and the
Company press release dated March 6, 2007, effective at the open, March 8,
2007, the common shares of the Company will resume trading, its proposed
Reverse Takeover having been terminated.
TSX-X
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PREMIUM EXPLORATION INC. ("PEM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 7, 2007
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
January 24, 2007:
Number of Shares: 2,100,000 shares
Purchase Price: $0.25 per share
Warrants: 1,050,000 share purchase warrants to purchase
1,050,000 shares
Warrant Exercise Price: $0.35 for a one year period
Number of Placees: 34 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Shares
Yossi Shalevich P 20,000
Jennifer Murdoch P 24,000
Finder's Fee: Northern Securities Inc. will receive $20,000
and 100,000 warrants, where each warrant is
exercisable for one share at a price of $0.30
per share for a 12 month period.
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.)
TSX-X
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QUEST PHARMATECH INC. ("QPT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced January 24, 2007:
Number of Shares: 9,600,000 shares
Purchase Price: $0.10 per share
Warrants: 4,800,000 share purchase warrants to purchase
4,800,000 shares
Warrant Exercise Price: $0.20 for a one year period
Number of Placees: 24 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Shares
Donald B. Rix Y 1,000,000
Thomas Woo Y 100,000
Pierre Vermette Y 91,790
Ragupathy Madiyalakan Y 478,210
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).
TSX-X
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REDHAWK RESOURCES INC. ("RDK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation
pertaining to a purchase and sale agreement dated February 14, 2007 between
Redhawk Copper, Inc. (a wholly-owned subsidiary of Redhawk Resources Inc.,
'Redhawk') and Phelps Dodge Corporation, pursuant to which Redhawk may
purchase 26 patented claims totaling 504 acres and one internal unpatented
mining claim of 16 acres located in the Bunker Hill Mining District, Pinal
County, Arizona. The purchase price is US$3,200,000 payable by deposit of
US$500,000 and the delivery of a promissory note in the amount of US$2,700,000
which is payable over 12 years.
TSX-X
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SILVERBIRCH INC. ("SVB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a
share purchase agreement (the "Agreement") dated January 31, 2007, between
SilverBirch Inc. (the "Company") and Jambo Mobile Solutions, Inc. (the
"Vendor"), whereby the Company will acquire all of the shares of the Vendor.
Pursuant to the terms of the Agreement, the Company will pay the
shareholders of the Vendor $1,170,000 comprised of $137,000 cash on closing,
issue 4,440,774 common shares valued at $0.15 per share and issue a secured
promissory note in the amount of $363,000. This note will allow the holder to
have the option to convert up to $363,000 into common shares at the conversion
price of $0.15 per share. The Vendor's shareholders shall also receive a
further 1,666,667 common shares of the Company valued at $0.15 if the acquired
business exceeds revenue of $750,000 from January 1, 2007 to April 1, 2008;
and a further 1,666,667 common shares valued at $0.15 if the acquired business
exceeds revenue of $1,500,000 over the subsequent twelve months.
For further information, please refer to the Company's news release dated
January 22, 2007.
TSX-X
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SILVERMET INC. ("SYI")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement:
Convertible Debenture: $250,000
Conversion Price: Convertible into units consisting of 1 common
share and 0.5 common share purchase warrants at
$0.37 of principal outstanding.
Maturity date: 18 months from the date of issuance
Warrants : Each warrant will have a term of two years from
the date of issuance of the notes and entitle
the holder to purchase one common share. The
warrants are exercisable at the price of $0.40
for 18 months from the date of issuance.
Interest rate: 1% per month
Number of Placees: 2 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / Principal Amount
Frame Mining Corporation Y $50,000
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.
TSX-X
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STEM CELL THERAPEUTICS CORP. ("SSS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced January 22, 2007:
Number of Shares: 10,000,000 Common Shares
Purchase Price: $0.20 per share
Warrants: 5,000,000 Warrants to purchase 5,000,000 Common
Shares
Exercise Price: $0.25 per share for a period of two years
Number of Placees: 57 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Shares
Nite Capital LP
(Keith Goodman) P 500,000
Kimball Murray P 50,000
Allen Davidoff Y 125,000
Pinetree Income
Partnership
(Larry Goldberg) P 1,000,000
Pentor Capital
Corporation
(Joseph Galli) P 100,000
Alan F. Moore Y 250,000
Ian S. Brown Y 125,000
Mark Wayne Y 250,000
Brent Schonekess Y 125,000
Northern Rivers
Capital Management Inc.
on behalf of Northern
Rivers Innovation Fund P 1,040,800
Northern Rivers
Capital Management Inc.
on behalf of Delta One
Northern Rivers Fund P 63,200
Northern Rivers
Capital Management Inc.
on behalf of Northern
Rivers Innovation RSP
fund P 46,000
Finder's Fee: $113,750.00 cash distributed as follows:
Research Capital Corporation - $16,250
Infinium Securities Inc. - $ 6,500
National Bank Financial Inc. - $ 6,500
Jennings Capital Inc. - $ 9,750
Blackmont Capital Inc. - $13,000
Bolder Investment Partners, Inc. - $29,250
MGI Securities Inc. - $ 32,500
TSX-X
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TEXALTA PETROLEUM LTD. ("TEX.A")
BULLETIN TYPE: Normal Course Issuer Bid, Amendment
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated January 24, 2007, the
Company has advised the purchases pursuant to the bid will be made by BMO
Nesbitt Burns Inc. and not Blackmont Capital as originally disclosed. All
other terms of the Bid remain the same.
TSX-X
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THE ENDURANCE FUND CORPORATION ("END.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction
within 24 months of Listing
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 2, 2007,
effective at the open, March 8, 2007, 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.
TSX-X
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TRI ORIGIN EXPLORATION LTD. ("TOE")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced January 29, 2007:
Number of Shares: 2,000,000 shares
Purchase Price: $1.00 per share
Warrants: 2,000,000 share purchase warrants to purchase
2,000,000 shares
Warrant Exercise Price: $1.25 for a fifteen (15) month period
Number of Placees: 1 placee
Agent: Kingsdale Capital Markets Inc.
Agent's Fee: $100,000 plus 200,000 share purchase warrants,
each exercisable into one common share at a
price of $1.25 for a period of fifteen (15)
months.
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.
TSX-X
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WESTERN TROY CAPITAL RESOURCES INC. ("WRY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2007
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a
Asset Purchase Agreement (the "Agreement") dated November 28, 2006, between
Western Troy Capital Resources Inc. (the "Company"), and Match Capital
Resources Corp. - a NEX listed company (the "Vendor"), whereby the Company has
acquired the Vendor's 11.61% interest in the Eastmain River claims at the
Company's MacLeod Lake Project (the "Property"), located about 275km north of
Chibougamau, Quebec. Upon completion of the transaction the Company will have
a 100% interest in the Property.
As consideration for the 11.61% interest, the Company will issue 332,308
common shares to the Vendor at a deemed value of $0.39 per share.
For further details, please refer to the Company's new release dated
December 1, 2006.
TSX-X
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NEX COMPANIES
MATCH CAPITAL RESOURCES CORPORATION ("MHC.H")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: March 7, 2007
NEX Company
TSX Venture Exchange has accepted for filing documentation pertaining to a
Asset Purchase Agreement (the "Agreement") dated November 28, 2006, between
Match Capital Resources Corp. (the "Company") and Western Troy Capital
Resources Inc. - a TSX Venture listed company ("WTCR"), whereby the Company
has sold its 11.61% interest in the Eastmain River claims at WTCR's MacLeod
Lake Project (the "Property"), located about 275km north of Chibougamau,
Quebec.
As consideration for the 11.61% interest, WTCR will issue 332,308 common
shares to the Company at a deemed value of $0.39 per share.
For further details, please refer to the Company's new release dated
December 1, 2006.
TSX-X
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MODULE RESOURCES INCORPORATED ("MLE.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 7, 2007
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced February 7, 2007:
Number of Shares: 2,666,666 shares
Purchase Price: $0.15 per share
Warrants: 2,666,666 share purchase warrants to purchase
2,666,666 shares
Warrant Exercise Price: $0.20 for a one year period
Number of Placees: 14 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / No. of Shares
Richard Gillard Y 246,666
Margaret Kend Y 794,920
Ross Burns Y 794,920
Finder's Fee: $12,000 payable to Capilano Developments LLC
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.)
TSX-X
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For further information: Market Information Services at 1-888-873-8392,
or email: information@tsxventure.com
