VANCOUVER, July 2 /CNW/ -TSX VENTURE COMPANIES
ABITEX RESOURCES INC. ("ABE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted the filing of the documentation with
respect to a Non-Brokered Private Placement, announced on June 12, 2009:
Number of Shares: 10,742,869 flow-through common shares
Purchase Price: $0.175 per common share
Warrants: 5,371,435 common share purchase warrants
Warrant Exercise Price: $0.25 per common share for a 24-month period
following the closing of the Private Placement.
Finder's Fee: CIBC Wood Gundy, BMO Nesbitt Burns, MZ Finance,
and Limited Market Dealer received $18,900,
$7,800, $12,300 and $90,315, respectively in
cash. Limited Market Dealer also received
509,714 agent options, each entitling the holder
to acquire one non flow through unit of the
Private Placement at a price of $0.175 until
June 11, 2011.
The Company has announced the closing of the Private Placement by way of a
press release.
RESSOURCES ABITEX INC. ("ABE")
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 2 juillet 2009
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu
d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 12 juin
2009 :
Nombre d'actions : 10 742 869 actions ordinaires accréditives
Prix : 0,175 $ par action ordinaire
Bons de souscription : 5 371 435 bons de souscription
Prix d'exercice des bons : 0,25 $ par action pour une période de 24 mois
suivant la clôture du placement privé.
Frais d'intermédiation : CIBC Wood Gundy, BMO Nesbitt Burns, MZ
Finance, et Limited Market Dealer ont reçu
18 900 $, 7 800 $, 12 300 $ , et 90 315 $,
respectivement en espèces. De plus, Limited
Market Dealer a reçu 509 714 options chacun
permettant d'acquérir un unité non-accréditif
du placement privé au prix de 0,175 $ par
unité jusqu'au 11 juin 2011.
La société a annoncé la clôture du placement privé précité par l'émission
d'un communiqué de presse.
TSX-X
--------------------------------
BOWMORE EXPLORATION LTD. ("BOW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 11, 2009 and May 19, 2009:
Number of Shares: 21,000,000 shares
Purchase Price: $0.20 per share
Warrants: 10,500,000 share purchase warrants to purchase
10,500,000 shares
Warrant Exercise Price: $0.35 for a four year period
Number of Placees: 32 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Osisko Mining
Corporation Y 15,000,000
Sean Roosen Y 1,000,000
Robert Wares Y 1,000,000
Claude Charron Y 100,000
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.
TSX-X
--------------------------------
CANACOL ENERGY LTD. ("CNE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: July 2, 2009
TSX Venture Tier 1 Company
Effective at 8:00 a.m. PST, July 2, 2009, shares of the Company resumed
trading, an announcement having been made over Marketwire.
TSX-X
--------------------------------
CARAT EXPLORATION INC. ("CRZ")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 76,923 bonus shares at a deemed price of $0.26 per share to the Chris
Heras in consideration of a loan in the amount of $100,000.
TSX-X
--------------------------------
CASSIDY GOLD CORP. ("CDY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 2, 2009:
Number of Shares: 12,130,000 shares
Purchase Price: $0.05 per share
Warrants: 12,130,000 share purchase warrants to purchase
12,130,000 shares
Warrant Exercise Price: $0.10 for a one year period
Number of Placees: 11 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Floreat Fund Limited
(controlled by
David Watt) Y 2,000,000
David Hamilton-Smith P 180,000
Iadarola Investments
Inc. (Osvaldo
Iadorola) Y 75,000
Osvaldo (Ozzie) Iadarola Y 75,000
James T. Gillis Y 600,000
Phoenix Gold Fund
Limited (controlled
by David Watt) Y 4,000,000
Alvin Ritchie P 400,000
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.
TSX-X
--------------------------------
D'ARIANNE RESOURCES INC. ("DAN")
(Formerly d'Arianne Resources Inc. ("DAR"))
BULLETIN TYPE: Consolidation, Symbol Change
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
Pursuant to a Special Resolution accepted by shareholders on June 11,
2009, the Company has consolidated its capital on a five old for one new
basis. The name of the Company has not been changed.
Effective at the opening Friday, July 3, 2009, the common shares of the
Company will commence trading on TSX Venture Exchange on a consolidated basis.
The Company is classified as a "Mining (Except Oil and Gas)" company (NAICS
number 212).
Post - Consolidation
Capitalization: Unlimited common shares with no par value of
which 21,118,300 common shares are issued
and outstanding.
Escrow: 105,575
Transfer Agent: Computershare Investor Services Inc. (Montréal
and Toronto)
Trading Symbol: DAN (new)
CUSIP Number: 04033X 20 9 (new)
RESSOURCES D'ARIANNE INC. ("DAN")
(Anciennement Ressources D'Arianne inc. ("DAR"))
TYPE DE BULLETIN : Regroupement, Changement de symbole
DATE DU BULLETIN : Le 2 juillet 2009
Société du groupe 2 de TSX Croissance
En vertu d'une résolution spéciale des actionnaires du 11 juin 2009, la
société a consolidé son capital-actions sur la base de cinq anciennes actions
pour une nouvelle action. La dénomination sociale de la société n'a pas été
modifiée.
Les actions ordinaires de la société seront admises à la négociation à la
Bourse de croissance TSX sur une base consolidée à l'ouverture des affaires
vendredi le 3 juillet 2009. La société est catégorisée comme une société
d'"Extraction minière (sauf l'extraction de pétrole et de gaz)" (numéro SCIAN
212).
Capitalisation après
consolidation : Un nombre illimité d'actions ordinaires sans
valeur nominale, dont 21 118 300 actions
ordinaires sont émises et en circulation.
Actions entiercées : 105 575
Agent des transferts : Computershare Investor Services Inc.
(Montréal et Toronto)
Symbole au téléscripteur : DAN (nouveau)
Numéro de CUSIP : 04033X 20 9 (nouveau)
TSX-X
--------------------------------
DUNCASTLE GOLD CORP. ("DUN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 20, 2009:
First Tranche:
Number of Shares: 3,033,333 shares
Purchase Price: $0.09 per share
Warrants: 3,033,333 share purchase warrants to purchase
3,033,333 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 8 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Kirkham Geosystems Ltd.
(Garth Kirkham) Y 111,111
Manex Resource Group
(Lawrence Page) Y 1,666,667
Finders' Fees: $810 cash and (*)15,000 warrants payable to
Rayleigh Capital Ltd.
$2,160 cash and (*)40,000 warrants payable to
Ernst Pernet
(*) Finder's warrants are under the same terms
as those to be issued pursuant to the private
placement.
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
--------------------------------
DUNCASTLE GOLD CORP. ("DUN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 20, 2009:
First Tranche:
Number of Shares: 800,000 flow-through shares
800,000 non flow-through shares
Purchase Price: $0.11 per flow-through share
$0.09 per non flow-through share
Warrants: 800,000 share purchase warrants under non flow-
through units to purchase 800,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 7 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
David Lyall P 500,000
Scott Hunter P 100,000
Douglas Dale Warkentin Y 50,000
Finder's Fee: $3,900 cash and (*)32,500 warrants payable to
Haywood Securities Inc.
(*)Finder's fee warrants are under the same
terms as those to be issued pursuant to the
private placement.
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
--------------------------------
ERIN VENTURES INC. ("EV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 15, 2009:
Number of Shares: 6,500,000 Units
(Each Unit consists of one common share and one
share purchase warrant.)
Purchase Price: $0.035 per Unit
Warrants: 6,500,000 share purchase warrants to purchase
6,500,000 shares
Warrant Exercise Price: $0.075 for a one year period
$0.15 in the second year
Number of Placees: 26 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Units
Mo Fazil P 200,000
Blake Fallis Y 170,000
Finder's Fee: $6,562.50 payable to Research Capital
Corporation
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
--------------------------------
FIRST BAUXITE CORPORATION ("FBX")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debentures
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced July 4, 2009:
Convertible Debenture: $8,000,000
Conversion Price: Convertible into units consisting of 9,638,555
common share of principal outstanding at $0.83
per share
Maturity date: Five years from the date of issuance
Interest rate: 0%
Number of Placees: 3 placees
Finders' Fees: $168,000 cash and (*)481,928 warrants payable to
Rory S. Godinho Law Corporation
$84,000 cash and (*)96,386 warrants payable to
Bengal Capital Corp.
$63,000 cash and (*)96,386 warrants payable to
Michael G. Thomson
- Finder's fee warrants are exercisable at $0.83
per share for two years.
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
--------------------------------
FORUM URANIUM CORP. ("FDC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 22, 2009:
Number of Shares: 5,000,000 shares
Purchase Price: $0.10 per share
Number of Placees: 1 placee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.
TSX-X
--------------------------------
GENOIL INC. ("GNO")
BULLETIN TYPE: Shares for Debt, Correction
BULLETIN DATE: July 2, 2009
TSX Venture Tier 1 Company
Further to the TSX Venture Exchange Bulletin dated June 30, 2009, the
number of shares issued to settle the outstanding debt should have read
1,367,319 instead of 860,997.
TSX-X
--------------------------------
GOLDEN PACIFIC CAPITAL CORPORATION ("GPC.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated June 2, 2009, effective
at the opening Friday, July 3, 2009, trading in the shares of the Company will
be suspended, the Company having failed to complete a Qualifying Transaction
by June 30, 2009.
Members are prohibited from trading in the securities of the Company
during the period of the suspension or until further notice.
TSX-X
--------------------------------
HANA MINING LTD. ("HMG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 26, 2009:
Number of Shares: 2,000,000 shares
Purchase Price: $0.25 per share
Warrants: 1,000,000 share purchase warrants to purchase
1,000,000 shares
Warrant Exercise Price: $0.35 for a two year period
Number of Placees: 2 placees
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.
TSX-X
--------------------------------
KALAHARI RESOURCES INC. ("KLA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Non-Brokered Private Placement announced April 16, 2009
and amended May 29, 2009:
Number of Shares: 5,600,000 flow-through shares
Purchase Price: $0.05 per flow-through share
Warrants: 5,600,000 share purchase warrants to purchase
5,600,000 shares
Warrant Exercise Price: $0.05 for a one year period
$0.10 in the second year
Number of Placees: 1 placee
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
Hastings Management
Corp. (Richard W.
Hughes) Y 5,600,000
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.
TSX-X
--------------------------------
MAESTRO VENTURES LTD. ("MAP")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 1,950,895 shares to settle outstanding debt for $136,383.
Number of Creditors: 11 Creditors
Insider/Pro Group Participation:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share Shares
Unity West
Capital Markets
Ltd. (Krister
Kottmeier) Y $15,750 $0.07 225,000
Allan Williams Y $3,693 $0.07 52,757
Neon Rainbos
Holdings Ltd.
(Allan Williams) Y $15,750 $0.07 225,000
Rasmussen
Exploration Inc.
(Hans Rasmussen) Y $15,000 $0.07 214,285
Ann Carpenter Y $7,500 $0.07 107,142
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
--------------------------------
MAGNUM URANIUM CORP. ("MM")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
Effective at the close of business on Thursday, July 2, 2009, the common
shares of Magnum Uranium Corp. (the "Company") will be delisted from TSX
Venture Exchange. The delisting of the Company's shares results from Energy
Fuels Inc. ("EFR") purchasing 100% of the Company's shares pursuant to an
Arrangement Agreement dated May 15, 2009. Company shareholders will receive
0.78 shares of EFI for every one (1) share held. For further information
please refer to the Company's Notice of Meeting and Management Information
Circular dated May 21, 2009 and the company's news release dated March 30,
2009.
TSX-X
--------------------------------
PARTA SUSTAINABLE SOLUTIONS INC. ("PAS")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 22, 2009, effective at
7:18 a.m. PST, July 2, 2009 trading in the shares of the Company will remain
halted pending receipt and review of acceptable documentation regarding the
Change of Business and/or Reverse Takeover pursuant to Listings Policy 5.2.
TSX-X
--------------------------------
POPLAR CREEK RESOURCES INC. ("PCK")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
Effective at the opening, July 2, 2009, shares of the Company resumed
trading, an announcement having been made over Market News Publishing.
TSX-X
--------------------------------
ROCK TECH RESOURCES INC. ("RCK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation
pertaining to a Letter of Intent dated June 24, 2009 between Rock Tech
Resources Inc. (the 'Company') and Jenna Carlson, Frank Pun, 0853998 B.C.
Ltd., pursuant to which the Company will purchase all of the outstanding
common shares of 0853998 B.C. Ltd. from Jenna Carlson and Frank Pun. 0853998
B.C. Ltd. owns a mineral exploration property comprised of 123 map designated
claims covering an approximate area of 6,497.69 hectares located in James Bay
area of Quebec. In consideration, the Company will issue a total of 2,500,000
shares and assume an outstanding promissory note in the amount of $350,000
which will be due upon demand at closing.
TSX-X
--------------------------------
SAHA PETROLEUM LTD. ("SPZ")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing final documentation in
respect of the arm's length sale by the Company of certain of its oil and gas
assets consisting of its oil and natural gas interests in 5 wells located in
the Golden Lake area of western Saskatchewan and 2 wells located inn the Rush
Lake area of western Saskatchewan, as set forth in an asset purchase agreement
dated June 12, 2009, as entered into between the Company and a private
company, where the total consideration paid for the Assets was $2,700,000 in
cash.
For further details on the sale, please refer to the Company's news
releases dated June 15 and June 29, 2009.
TSX-X
--------------------------------
SATURN MINERALS INC. ("SMI")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of
the following warrants:
Private Placement:
No. of Warrants: 1,000,000
Original Expiry Date of Warrants: August 3, 2009
New Expiry Date of Warrants: August 3, 2010
Exercise Price of Warrants: $0.30
These warrants were issued pursuant to a private placement of 1,000,000
shares with 1,000,000 share purchase warrants attached, which was accepted for
filing by the Exchange effective August 3, 2007.
TSX-X
--------------------------------
SATURN MINERALS INC. ("SMI")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of
the following warrants:
Private Placement:
No. of Warrants: 1,150,000
Original Expiry Date of Warrants: July 9, 2009
New Expiry Date of Warrants: July 9, 2010
Exercise Price of Warrants: $0.25
These warrants were issued pursuant to a private placement of 2,500,000
flow-through shares with 1,250,000 share purchase warrants attached, which was
accepted for filing by the Exchange effective July 9, 2007.
TSX-X
--------------------------------
SELWYN RESOURCES LTD. ("SWN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the second tranche of a Non-Brokered Private Placement announced May 8, 2009:
Number of Shares: 15,000,000 non-flow through shares
Purchase Price: $0.10 per share
Warrants: 7,500,000 share purchase warrants to purchase
7,500,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 1 placee
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Pan Pacific Metal
Mining Corporation Y 15,000,000
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.
TSX-X
--------------------------------
SHOREHAM RESOURCES LTD. ("SMH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an
Option Agreement dated June 12, 2009 between the Issuer and Micael Desmeules
and Garry Smith (the "Optionors") whereby the Issuer may acquire a 100%
interest in the Beren's River Property (the "Property"), consisting of 1
claim, totaling 15 units located in the Red Lake mining district in Ontario.
In order to acquire a 100% interest in the Property the Issuer is to pay
the Optionors an aggregate of $480,000 cash and an aggregate of 1,000,000
common shares over a period of five years.
The Property is subject to a 2% net smelter return (NSR) royalty payable
to the Optionors. The Issuer will have the option to reduce the NSR royalty to
1% upon paying the Optionors the aggregate amount of $2,000,000 at anytime
prior to commercial production.
For further information, please refer to the Company's news release dated
June 23, 2009
TSX-X
--------------------------------
SHOREHAM RESOURCES LTD. ("SMH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an
Option Agreement dated June 12, 2009 between the Issuer and Micael Desmeules
and Garry Smith (the "Optionors") whereby the Issuer may acquire a 100%
interest in the Bearhead Trend Property (the "Property"), consisting of 8
claims, totaling 128 units located in the Red Lake mining district in Ontario.
In order to acquire a 100% interest in the Property the Issuer is to pay
the Optionors an aggregate of $480,000 cash and an aggregate of 1,000,000
common shares over a period of five years.
The Property is subject to a 2% net smelter return (NSR) royalty payable
to the Optionors. The Issuer will have the option to reduce the NSR royalty to
1% upon paying the Optionors the aggregate amount of $2,000,000.
TSX-X
--------------------------------
SILEX VENTURES LTD. ("SXX.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 26, 2009, effective at
the opening, July 2, 2009 trading in the shares of the Company will remain
halted pending receipt and review of acceptable documentation regarding the
Qualifying Transaction pursuant to Listings Policy 2.4.
TSX-X
--------------------------------
STETSON OIL AND GAS LTD. ("SSN")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue $75,000 in cash and 1,439,355 shares to settle outstanding debt for
$362,871.
Number of Creditors: 4 Creditors
No Insider/Pro Group Participation
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
--------------------------------
TERRAX MINERALS INC. ("TXR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 2, 2009:
Number of Shares: 1,750,000 shares
Purchase Price: $0.10 per share
Warrants: 1,750,000 share purchase warrants to purchase
1,750,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 15 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Tony Frakes P 250,000
Mary Monk P 100,000
Brian Butterworth P 50,000
Fred Hoffman P 50,000
Paul Reynolds Y 200,000
Geovector Management
Inc. (J. Campbell,
T. Setterfield) Y 250,000
Finder's Fee: $600 payable to Union Securities 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
--------------------------------
TNR GOLD CORP. ("TNR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an
Option Agreement dated June 24, 2009 between the Issuer and GeoXplor Corp.
(the "Optionor". Insiders: C. Ashworth, J. Rudd) whereby the Issuer may
acquire a 100% interest in the Mud Lake lithium property (the "Property")
located 16 kilometers southwest of Tonopah in the Ralston Valley, Nevada.
TNR has agreed to make payments totaling US$260,000 over a four-year
period, issue 1,000,000 common shares of the Company over a three-year period
and commit to work expenditures totaling US$1,000,000 over a four-year period.
The Issuer has agreed to pay a royalty of 3% to the Optionor and has the
right to purchase the royalty for US$3,000,000 at any time. The Issuer has the
option to reduce the royalty by paying the Optionor US$1,000,000 for each 1%
(one-third) at any time.
For further information, please refer to the Company's news release dated
June 25, 2009.
TSX-X
--------------------------------
TRUE NORTH GEMS INC. ("TGX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 2, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 10, 2009:
Number of Shares: 13,700,000 shares
Purchase Price: $0.10 per share
Warrants: 13,700,000 share purchase warrants to purchase
13,700,000 shares
Warrant Exercise Price: $0.20 for a two year period
In the event the closing market price of the shares of the Issuer on the
Exchange is $0.30 or higher over a period of ten consecutive trading days at
any time after the date that is four months from the date of issuance of the
warrants, the Issuer will be entitled to accelerate the warrants upon notice
given to the warrantholders that the warrants will expire on the 21st calendar
day after the date of delivery of such notice.
Number of Placees: 108 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Thomas Seltzer P 100,000
Iron Mask Explorations
(A. Lee Smith) Y 500,000
Cadiam Investments
(N. Houghton) Y 250,000
Dave Parsons Y 175,000
Robert Boyd Y 70,000
William Anderson Y 50,000
John Ryder Y 50,000
Greg Fekete Y 150,000
John Comi P 150,000
Angelo Comi P 150,000
Daryl Hodges P 100,000
David Lawson P 250,000
Christine Cappuccitti P 75,000
Ronald Crowe Y 2,000,000
Justus Parmar P 50,000
Gary Hartwell P 30,000
David Hamilton Smith P 100,000
Brad Birada P 200,000
Brad Birada P 300,000
Robert Boyd Y 30,000
Finder's Fee: $11,135 and 111,353 finder's warrants payable to
Global Securities Corp.
$16,303 and 163,030 finder's warrants payable to
Jennings Capital Inc.
$7,500 payable to Canaccord Capital Corp.
$3,000 payable to Haywood Securities Inc.
$1,980 payable to Emerging Equities Inc.
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
--------------------------------
NEX COMPANIES
GTO RESOURCES INC. ("GTR.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: July 2, 2009
NEX Company
Further to TSX Venture Exchange Bulletin dated June 30, 2009, effective at
the opening, July 2, 2009 trading in the shares of the Company will remain
halted pending receipt and review of acceptable documentation regarding the
Change of Business and/or Reverse Takeover pursuant to Listings Policy 5.2.
TSX-X
--------------------------------
For further information: Market Information Services at 1-888-873-8392,
or email: information@venture.com
