TSX Venture Exchange Daily Bulletins

VANCOUVER, Jan. 31, 2012 /CNW/ -

TSX VENTURE COMPANIES:

ALASKA HYDRO CORPORATION ("AKH")
BULLETIN TYPE:  Halt
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

Effective at 5:30 a.m. PST, January 31, 2012, trading in the shares of the Company was halted at the request of the Company, pending an announcement.  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.

________________________________________

ALASKA HYDRO CORPORATION ("AKH")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

Effective at 7:30 a.m., PST, January 31, 2012, shares of the Company resumed trading, an announcement having been made over Market News Publishing.

________________________________________

CATHAY FOREST PRODUCTS CORP. ("CFZ")
BULLETIN TYPE:  Delist
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

Effective at the close of business, Wednesday, February 1, 2012 the common shares will be delisted from TSX Venture Exchange, trading in the securities of the Company having been suspended for a year.

________________________________________

DRIVEN CAPITAL CORP. ("DVV")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 31, 2012
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 December 9, 2011, as amended January 30, 2012:

Number of Shares:            5,680,000 shares            
                         
Purchase Price:            $0.10 per share            
                         
Warrants:            5,680,000 share purchase warrants to purchase 5,680,000 shares            
                         
Warrant Exercise Price: 
          $0.15 for a one year period
$0.20 in the second year
         
                         
Number of Placees:            24 placees            
                         
Insider / Pro Group Participation:                        
                         

Name 
          Insider=Y /
ProGroup=P /  
         
# of Shares
David Lyall                      1,000,000
                         
Finder's Fee:            $41,800 payable to Canaccord Genuity Corp., with 334,000 warrants exercisable at $0.15
for the first year and $0.20 in the second year.
           
            $10,000 payable to Haywood Securities Inc., with 80,000 warrants exercisable at $0.15 for
the first year and $0.20 in the second year.

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.

________________________________________

EDGE RESOURCES INC. ("EDE")
BULLETIN TYPE:  Halt
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

Effective at 10:58 a.m. PST, January 31, 2012, trading in the shares of the Company was halted at the request of the Company, pending an announcement. 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.

________________________________________

EDGEWATER WIRELESS SYSTEMS INC. ("YFI")
[formerly KIK Polymers Inc. ("KPI")]
BULLETIN TYPE:  Name Change
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

Pursuant to a special resolution passed by shareholders January 12, 2012, the Company has changed its name as follows.  There is no consolidation of capital.

Effective at the opening, Wednesday, February 1, 2012, the common shares of Edgewater Wireless Systems Inc. will commence trading on TSX Venture Exchange and the common shares of KIK Polymers Inc. will be delisted.  The Company is classified as a 'Wireless communications equipment manufacturing' company.

Capitalization: 


       
 
Unlimited 
93,837,971 
1,600,000 

Unlimited 
shares with no par value of which
shares are issued and outstanding
Convertible preferred shares Series 1 of which 
shares are issued and outstanding
Convertible voting preferred shares Series 2 of which
shares are issued and outstanding
                     
Escrow:                  35,404,850  common shares
                     
Transfer Agent:                  Computershare Investor Services Inc.
Trading Symbol: 
CUSIP Number: 
                YFI 
280359100 
(new)
(new) ISIN: CA2803591007

________________________________________

FLYING A PETROLEUM LTD. ("FAB")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 31, 2012
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 December 13, 2011:

Number of Shares:            2,970,000 shares                  
                               
Purchase Price:            $0.05 per share                  
                               
Warrants:            2,970,000 share purchase warrants to purchase 2,970,000 shares                  
                               
Warrant Exercise Price:            $0.10 for a one year period                  
                               
Number of Placees:            15 placees                  
                               
Insider / Pro Group Participation:                              
                               

Name 
          Insider=Y /
ProGroup=P /  
               
# of Shares
Nargis Sunderji 
Lynette Fahy 
         
                100,000
300,000
                               
Finder's Fees:         
$375 payable to Haywood Securities Inc.
$1,400 payable to Carol MacDonald

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.

________________________________________

GOLD RESERVE INC. ("GRZ")
BULLETIN TYPE:  New Listing-Shares
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

Effective at the opening, Wednesday, February 1, 2012, the common shares of the Company will commence trading on TSX Venture Exchange.  The Company is classified as a 'Mineral Exploration' company.

The Company is presently trading on the TSX.

Corporate Jurisdiction:                  British Columbia
                   
Capitalization: 

Escrowed Shares: 
                Unlimited 
59,526,008 
common shares with no par value of which
common shares are issued and outstanding
common shares
                     
Transfer Agent:                  Computershare Investor Services Inc.
Trading Symbol: 
CUSIP Number: 
Sponsoring Member: 
                GRZ  
38068N 10 8
N/A
(UNCHANGED)
                     
Company Contact: 
Company Address: 

Company Phone Number: 
Company Fax Number: 
Company Email Address:
                Doug Belanger
Suite 200 - 926 W. Sprague Avenue
Spokane WA, 99201
509-623-1500
509-623-1634
info@goldreserveinc.com

________________________________________

HIGH DESERT GOLD CORPORATION ("HDG")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an option agreement dated April 4, 2011 made between High Desert Gold Corporation (the "Company") and Beacon Group, a Utah limited partnership, whereby the Company may acquire a 100% interest in the Talisman No. 2 lode claim located in Lincoln County, Nevada.

Total consideration consists of US$252,000 and 200,000 shares payable over a four year period.

________________________________________

INTERNATIONAL BARRIER TECHNOLOGY INC. ("IBH")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 9, 2011 and January 13, 2012:

Convertible Debenture:            $300,000      
                   
Conversion Price:            Convertible into units consisting of one common share and one common share purchase
warrant at $0.10 of principal outstanding in year one, at $0.10 in year two.
     
                   
Maturity date:            5 years from 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
$0.10 in the first year of exercise and at $0.10 in the second year of exercise.
     
                   
Interest rate:            12% per annum, payable in cash annually      
                   
Number of Placees:            2 placees      
                   
Insider / Pro Group Participation:                  
                   

Name 
          Insider=Y /
ProGroup=P /  
   
Principal Amount
Michael Huddy 
Naramata Resorts Ltd.
(Catherine Corcoran
         

    $150,000

$150,000

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.]

________________________________________

JITE TECHNOLOGIES INC. ("JTI")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

Effective at 6:00 a.m., PST, January 31, 2012, shares of the Company resumed trading, an announcement having been made over Market News Publishing.

________________________________________

OROCAN RESOURCE CORP. ("OR")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 12, 2011 and amended December 23, 2011:

Number of Shares:            6,000,000 shares        
                     
Purchase Price:            $0.25 per share        
                     
Warrants:            6,000,000 share purchase warrants to purchase 6,000,000 shares        
                     
Warrant Exercise Price:            $0.40 for an eighteen month period.  If the Company's shares trade above a weighted average
price of $0.60 per share for any twenty consecutive trading day period, subsequent to four
months from closing, the Company may, upon notice to warrantholders, shorten the exercise
period to 30 days from the date of notice.
       
                     
Number of Placees:            52 placees        
                     
Insider / Pro Group Participation:                    
                     

Name 
          Insider=Y /
ProGroup=P  
     
# of Shares
Joanne B. Davidson 
Lisa Stefani 
Andrew Williams 
Ian Kirk 
David Elliott 
Bryan Henry 
Sherman Dahl 
Brenda Bromley 
Kenneth Bateman 
Justin Hayek 
         








      10,000
100,000
150,000
50,000
200,000
100,000
50,000
100,000
100,000
25,000
                     
Finders' Fees:            $51,887.50 cash and 207,550 finder's warrants with the same terms as the warrants issued
pursuant to the private placement payable to Craig Schneider.
       
                     
            $2,187.50 cash and 8,750 finder's warrants (same terms as above) payable to Zimtu Capital
Corp. (a TSX Venture listed company).
       
                     
            $9,887.50 cash and 39,550 finder's warrants (same terms as above) payable to Dietmar
Seibohlz.
       
                     
            $4,375 cash and 17,500 finder's warrants (same terms as above) payable to Leed Financial
Markets Inc.
       
                     
            $3,500 cash and 14,000 finder's warrants (same terms as above) payable to PI Financial Corp.        
                     
            $16,625 cash and 66,500 finder's warrants (same terms as above) payable to Haywood
Securities Inc.
       
                     
            $2,100 cash and 8,400 finder's warrants (same terms as above) payable to Paul Chow.        
                     
            $6,125 cash and 24,500 finder's warrants (same terms as above) payable to Innovative
Thinking Inc. (Mike Belantis).

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.

________________________________________

PARAGON MINERALS CORPORATION ("PGR")
BULLETIN TYPE:  Warrant Term Extension
BULLETIN DATE:  January 31, 2012
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: 
Original Expiry Date of Warrants: 
New Expiry Date of Warrants: 
Exercise Price of Warrants: 
                                        1,428,772
February 17, 2012
August 17, 2013
$0.24

These warrants were issued pursuant to a private placement of 1,428,772 shares with 1,428,772 share purchase warrants attached, which was accepted for filing by the Exchange effective February 16, 2010.

________________________________________

PETROMAGDALENA ENERGY CORP. ("PMD")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE: January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,826,600 shares at $1.25 per share to settle outstanding debt with a non-arms length party, Pacific Rubiales Energy Corp., for US$5,965,074 ($6,033,250, calculated using the Bank of Canada rate at the close of January 19, 2012).

Number of Creditors:                      1 Creditor

The Company shall issue a news release when the shares are issued and the debt extinguished.

________________________________________

PORTAL RESOURCES LTD. ("PDO")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Definitive purchase and sale agreement dated October 7, 2011 between Equal Energy Production Partnership (the 'Vendor', the general partner of which is Equal Energy Ltd., an Alberta corporation listed on the New York Stock Exchange and the Toronto Stock Exchange), as vendor, and the Portal Resources Ltd. (the 'Company'), as purchaser, together with a Second Amending Agreement dated December 15, 2011 between the Vendor and the Company and Acknowledgement dated January 30, 2012 between the Vendor and the Company (collectively, the 'Definitive Agreement').

The Company will be acquiring the 'Assets' (as defined in the Definitive Agreement), in the Primate Area, Saskatchewan, which may be summarized as follows:  100% working interest in 19 sections (13,340 acres) of land, two sections (1,280 acres) of gross overriding royalty lands, approximately 25 sections of proprietary 3D seismic and 125 line kilometers of proprietary 2D seismic.  There are 38 wellbores on the property.  Oil is produced to single well batteries (tanks) and natural gas production (non-associated) is tied into approximately 30 kilometers of natural gas pipeline and infrastructure included in the transaction.

In consideration of the transaction the Company will pay the Vendor $8,300,000 in cash.

Further details of the transaction are available in the Company's news releases dated October 13, 2011, December 20, 2011 and January 19, 2012.

                      CASH           SHARES           WORK EXPENDITURES
Equal Energy Production Partnership                      $8,800,000           0           $0

________________________________________

PORTAL RESOURCES LTD. ("PDO")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing a Purchase and Sale Agreement to be dated January 31, 2012 (the 'Sale Agreement') between the Portal Resources Ltd. (the 'Company') and Edge Resources Inc. (the 'Purchaser'), a corporation listed on the TSX Venture Exchange.

Pursuant to the Sale Agreement, the Company will be disposing of the 'Assets' (as defined in the Sale Agreement), in the Primate Area, Saskatchewan, which may be summarized as follows: 100% working interest in 19 sections (13,340 acres) of land, two sections (1,280 acres) of gross overriding royalty lands, approximately 25 sections of proprietary 3D seismic and 125 line kilometers of proprietary 2D seismic.  There are 38 wellbores on the property.  Oil is produced to single well batteries (tanks) and natural gas production (non-associated) is tied into approximately 30 kilometers of natural gas pipeline and infrastructure included in the transaction.

In consideration of the transaction the Company will receive from the Purchaser $8,800,000 in cash.

Further details of the transaction are available in the Company's news release dated January 31, 2012.

________________________________________

ROME RESOURCES LTD. ("RMR")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 19, 2011:

Number of Shares:            600,000 shares                          
                                       
Purchase Price:            $0.15 per share                          
                                       
Warrants:            300,000 share purchase warrants to purchase 300,000 shares                          
                                       
Warrant Exercise Price:            $0.20 for a two year period                          
                                       
Number of Placees:            5 placees                          
                                       
Insider / Pro Group Participation:                                      
                                       

Name 
          Insider=Y /
ProGroup=P /  
                       
# of Shares
Reinhold Specht                                    40,000

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.]

________________________________________

RUSORO MINING LTD. ("RML")
BULLETIN TYPE:  Warrant Term Extension
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 1 Company

TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:

# of Warrants: 
Original Expiry Date of Warrants: 
New Expiry Date of Warrants: 
Exercise Price of Warrants: 
                                        30,000,000
January 10, 2012
January 10, 2013
$0.40

________________________________________

STRIKE GRAPHITE CORP. ("SRK")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 31, 2012
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 January 12, 2012:

Number of Shares:                  4,031,000 shares
                   
Purchase Price:                  $0.175 per share
                   
Warrants:                  2,015,500 share purchase warrants to purchase 2,015,500 shares
                   
Warrant Exercise Price:                  $0.25 for a two year period
                   
Number of Placees:                  50 placees
                   
Finders' Fees:                  Jordan Capital Markets Inc. receives $54,014.63 and 308,655 non-transferable warrants, each exercisable at a price of $0.25 for a two year period.
                   
                  Level 3 Capital Management Inc. (Damien Lowry) receives $5,244.75 and 29,970 non-transferable warrants, each exercisable at a price of $0.25 for a two year period.
                   
                  Mackie Research Capital Corporation receives $4,228.88 and 24,165 non-transferable warrants, each exercisable at a price of $0.25 for a two year 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.]

________________________________________

SULTAN MINERALS INC. ("SUL")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 9, 2012:

Number of Shares:            4,000,000 shares            
                         
Purchase Price:            $0.05 per share            
                         
Warrants:            4,000,000 share purchase warrants to purchase 4,000,000 shares            
                         
Warrant Exercise Price:            $0.10 for a two year period            
                         
Number of Placees:            9 placees            
                         
Insider / Pro Group Participation:                        
                         

Name 
          Insider=Y /
ProGroup=P /  
         
# of Shares
Sargent H. Berner 
Benjamin Ainsworth 
Arthur Troup 
Frank A. Lang 
         


          200,000
40,000
200,000
1,200,000

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.]

________________________________________

TORCH RIVER RESOURCES LTD. ("TCR")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 31, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 30, 2011 and closed on January 27, 2012:

Number of Securities: 
          3,100,000 common share units ("Units")
Each Unit consists of one common share and one common share purchase warrant
     
                     
Purchase Price:            $0.05 per Unit        
                     
Warrants:            3,100,000 share purchase warrants to purchase 3,100,000 shares        
                     
Warrant Exercise Price:            $0.10 for up to 24 months from date of issuance        
                     
Number of Placees:            5 placees        
                     
Insider / Pro Group Participation:                    
                     

Name 
          Insider=Y /
ProGroup=P /  
     
# of Units
Pinetree Resource Partnership
(Sheldon Inwentash) 
William Pfaffenberger 
Barry Pearson 
         


     
1,000,000 Units
800,000 Units
200,000 Units

No Finder's Fee.

________________________________________

 

For further information:

Market Information Services at 1-888-873-8392, or email: information@venture.com


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