TSX Venture Exchange Daily Bulletins



    VANCOUVER, Aug. 5 /CNW/ -

    
    TSX VENTURE COMPANIES

    49 NORTH RE

SOURCE FUND INC. ("FNR") BULLETIN TYPE: Normal Course Issuer Bid BULLETIN DATE: August 5, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated July 30, 2008, it may repurchase for cancellation up to 180,865 common shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period August 6, 2008 to August 5, 2009. Purchases pursuant to the bid will be made by Union Securities Limited on behalf of the Company. TSX-X ---------------------------------- ALTACANADA ENERGY CORP. ("ANG") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 10 and June 27, 2008: Convertible Debenture: $2,174,650 Conversion Price: Convertible into common shares at $0.35 of principal outstanding per share at any time until the maturity date. Maturity date: December 23, 2009 Interest rate: 8% per annum Number of Placees: 11 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ Principal Amount ANG Partners, Ltd. Y $1,519,650 (James W. Collins) Michael J. Hibberd Y $100,000 Donald E. Foulkes Y $55,000 Brian Page Y $25,000 TSX-X ---------------------------------- ALTIMA RE

SOURCES LTD. ("ARH") BULLETIN TYPE: Private Placement-Non-Brokered, Correction and Amendment BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company Further to the bulletin dated July 31, 2008 with respect to the Non-Brokered Private Placement announced June 4, 2008 and amended July 29, 2008, the 9,764,889 flow-through units includes 9,764.889 half warrants to acquire 4,882,445 common shares. Also, TSX Venture Exchange has been advised that the private placement of 6,821,644 non flow-through units have been reduced by 62,072 units for a new total of 6,759,572 units. Therefore, the aggregate number of warrants is as follows: Warrants: 11,642,107 share purchase warrants to purchase 11,642,017 shares Warrant Exercise Price: $0.275 for a one year period $0.40 in the second year TSX-X ---------------------------------- ANDOVER VENTURES INC. ("AOX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 5, 2008 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 July 2, 2008: Number of Shares: 1,920,000 shares Purchase Price: $0.50 per share Warrants: 960,000 share purchase warrants to purchase 960,000 shares Warrant Exercise Price: $0.75 for an 18-month period Number of Placees: 6 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares David Lajack Y 20,000 Finder's Fee: Euromerica Capital Group (Alexander Wurm) will receive a finder's fee of $26,250 and 17,500 common shares. Leede Financial Markets Incl will receive a finder's fee of $7,000. Sharon Hebgin will receive a finder's fee of 7,000 common shares. 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 ---------------------------------- APOKA CAPITAL CORPORATION ("AKC.P") BULLETIN TYPE: Halt BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company Effective at the open, August 5, 2008, 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. TSX-X ---------------------------------- BIGHORN PETROLEUM LTD. ("BHP") BULLETIN TYPE: Reinstated for Trading BULLETIN DATE: August 5, 2008 TSX Venture Tier 1 Company Further to TSX Venture Exchange Bulletin dated May 2, 2008, the Exchange has been advised that the Company has now filed the required documentation to revoke the Cease Trade Order issued against it by the British Columbia Securities Commission and the Alberta Securities Commission. Effective at the opening, Wednesday, August 6, 2008, trading will be reinstated in the securities of the Company. TSX-X ---------------------------------- BIOPHAGE PHARMA INC. ("BUG.H") (formerly Biophage Pharma Inc. ("BUG")) BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective the opening, August 6, 2008, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of August 6, 2008, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from BUG to BUG.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Futher to the TSX Venture Bulletin dated April, 3, 2008, trading in the Company's securities will remain suspended. TSX-X ---------------------------------- CANADA GAS CORP. ("CJC") BULLETIN TYPE: Halt BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company Effective at the open, August 5, 2008, 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. TSX-X ---------------------------------- CLEMEX TECHNOLOGIES INC. ("CXG.A") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 5, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement announced on August 1, 2008: Number of Shares: 2,100,000 common shares Purchase Price: $0.20 per share Number of Placees: 5 placees Insider/Pro Group Participation: Name Insider equals Y/Pro Group equals P Number of shares 9049 2810 Québec Inc. (Clément Forget) Y 475,000 Finders' Fee: $28,550 cash and warrants to purchase 39,500 shares at an exercise price of $0.20 per share until August 1, 2010 to Fortin Capital Inc. The Company has confirmed the closing of the above-mentioned Private Placement. CLEMEX TECHNOLOGIES INC. ("CXG.A") TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier DATE DU BULLETIN : Le 5 août 2008 Société du groupe 1 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 1 août 2008 : Nombre d'actions : 2 100 000 actions ordinaires Prix : 0,20 $ par action Nombre de souscripteurs : 5 souscripteurs Initié/Participation Groupe Pro : Nom Initié égale Y/Groupe Pro égale P Nombre d'actions 9049 2810 Québec Inc. (Clément Forget) Y 475 000 Rémunération des intermédiaires : 28 550 $ comptant et bons de souscription permettant de souscrire à 39 500 actions au prix d'exercice de 0,20 $ l'action jusqu'au 1 août 2010 à Fortin Capital Inc. La société a confirmer la clôture du placement privé précité. TSX-X ---------------------------------- GENOIL INC. ("GNO") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 5, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 10 and July 25, 2008: Number of Shares: 11,155,132 Units (Each Unit consists of one common share and one- quarter of one share purchase warrant.) Purchase Price: US$0.23 per Unit Warrants: 2,788,776 share purchase warrants to purchase 2,788,776 shares Warrant Exercise Price: US$0.29 for a period of two years from the date of issuance Number of Placees: 28 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Units David K. Lifschultz Y 536,172 Lifschultz Terminal and Leasing, Inc. Y 278,653 (David K. Lifschultz) TSX-X ---------------------------------- GLOBAL MINERALS LTD. ("CTG") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 9, 2008: Convertible Debenture: US$2,000,000 Conversion Price: Convertible into 13,477,334 common shares at a price of CDN$0.15 per share Maturity date: 12 months after the date of the Loan Agreement 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 $ in the first year of exercise and at $ in the second year of exercise. Interest rate: USD LIBOR plus 10% per annum Number of Placees: 1 placee Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ Principal Amount Investec Bank (UK) Limited Y 13,477,334 shs The Placee will also receive an arranging fee equal to 5% of the debt facility or the equivalent in common shares. 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 ---------------------------------- GOLD

SOURCE MINES INC. ("GXS") BULLETIN TYPE: Halt BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company Effective at the open, August 5, 2008, 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. TSX-X ---------------------------------- GOLD

SOURCE MINES INC. ("GXS") BULLETIN TYPE: Resume Trading BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company Effective at 7:30 a.m. PST, August 5, 2008, shares of the Company resumed trading, an announcement having been made over Marketwire. TSX-X ---------------------------------- GT CANADA CAPITAL CORPORATION ("MOB.P") BULLETIN TYPE: New Listing-CPC-Shares BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company This Capital Pool Company's ('CPC') Prospectus dated June 17, 2008 has been filed with and accepted by TSX Venture Exchange and the Ontario, British Columbia and Alberta Securities Commissions effective June 19, 2008, pursuant to the provisions of the respective Securities Acts. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below. The Company has completed its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering were $500,000 (2,500,000 common shares at $0.20 per share). Commence Date: At the opening Wednesday, August 6, 2008, the Common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: Canada Capitalization: Unlimited common shares with no par value of which 7,500,000 common shares are issued and outstanding Escrowed Shares: 5,234,500 common shares Transfer Agent: Computershare Investor Services Inc. Trading Symbol: MOB.P CUSIP Number: 3622A1 10 4 Agent: Blackmont Capital Inc. Agent's Options: 175,000 non-transferable stock options. One option to purchase one share at $0.20 per share for up to 24 months. For further information, please refer to the Company's Prospectus dated June 17, 2008. Company Contact: Andrew Shapack Company Address: 161 Bay Street, 27th floor Toronto, ON M5J 2S1 Company Phone Number: (416) 572-2170 Company Fax Number: (248) 282-0385 TSX-X ---------------------------------- LATIGO CAPITAL CORPORATION ("LTG.P") BULLETIN TYPE: Halt BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company Effective at 9:21 a.m. PST, August 5, 2008, 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. TSX-X ---------------------------------- LONG HARBOUR CAPITAL CORP. ("LHC") (formerly Long Harbour Capital Corp. ("LHC.P")) BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Reinstated for Trading BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company Qualifying Transaction-Completed/New Symbol TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated July 24, 2008. As a result, at the opening on August 6, 2008, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following: Option Agreement The Company entered into an Option Agreement and addendum with Aries Resource Corp and Action Minerals Inc (collectively the "Vendors") dated March 5, 2008 to acquire an undivided 100% interest in the Mineral Claims which are located in BC. Aggregate compensation payable by the Company is: - $10,000 and issue 200,000 Shares within 10 business days after Exchange approval - $200,000 exploration and development on the Mineral Claims within 18 months of Exchange approval - $1,000,000 exploration and development on the Mineral Claims within three years of Exchange approval Capitalization: unlimited shares with no par value of which 6,494,132 shares are issued and outstanding Escrow: 2,047,720 shares Symbol: LHC (same symbol as CPC but with .P removed) The Company is classified as a " junior natural resource - mining " company. Reinstated for Trading Further to TSX Venture Exchange Bulletin dated April 3, 2008, the Company has now completed its Qualifying Transaction, described above. Effective at the opening, August 6, 2008, trading will be reinstated in the securities of the Company (CUSIP 54265U100). TSX-X ---------------------------------- MICROPLANET TECHNOLOGY CORP. ("MP") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: August 5, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced April 22, 2008: Number of Shares: 10,888,900 common shares Purchase Price: $0.65 per share Warrants: 5,444,450 warrants to purchase 5,444,450 common shares Exercise Price: $0.90 per share for a period of two years Number of Placees: 16 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Units Loewen, Ondaatje, McCutcheon Limited P 769,000 Priya Patil P 38,500 Brett Ironside Y 770,000 Dynamic Power Hedge Fund (Rohit Sehgal) Y 6,154,000 Agents' Fee: Loewen, Ondaatje, McCutcheon Limited - $495,444.95 cash and 762,223 Broker Warrants. Each Broker Warrant entitles the holder to acquire one Unit at a price of $0.65 per Unit for a period of 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). TSX-X ---------------------------------- NETWORK EXPLORATION LTD. ("NET") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 3, 2008: Number of Shares: 15,000,000 shares Purchase Price: $0.05 per share Warrants: 15,000,000 share purchase warrants to purchase 15,000,000 shares Warrant Exercise Price: $0.10 for a one year period $0.15 in the second year If the Company's shares close at $0.30 or more for 20 consecutive trading days at any time after four months and one day following the closing date, the Company may accelerate the expiry date of the warrants by giving notice to the warrant holder, and the warrants will expire 30 days following such notice. Number of Placees: 54 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Shawn Magid P 100,000 Kerry Chow P 1,300,000 David Hamilton Smith P 225,000 Ray Martin P 100,000 Patrick Grundle P 75,000 Richard Schnoor Y 142,500 Alexander Helmel Y 142,500 736935 Ontario Limited (Floyd Weiner) P 200,000 Finder's Fee: Global Securities Corporation receives $4,995 and 110,000 broker warrants(*). Leede Financial Markets Inc. receives $787.50 and 17,500 broker warrants(*). Canaccord Capital Corporation receives 45,000 units, with terms as the above private placement, and 50,000 broker warrants(*). Patrick Cheung recieves $450. Alex Kuznecov receives $6,750. PI Financial Corp. receives $45,000 and 1,000,000 broker warrants(*). Geoff Routledge receives $1,800 Mike Welsh receives $225. Nicolette Wang receives $900. (*)Each broker warrant is exercisable for one share at a price of $0.10 per share for the first 12 months and at a price of $0.15 per share for the next 12 months. 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 ---------------------------------- REPEATSEAT LTD. ("RPS") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company This is a first tranche closing TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 1, 2008: Number of Shares: 833,333 Purchase Price: $0.12 per share Number of Placees: 1 placee No Insider/Pro Group Participation 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 ---------------------------------- UNISERVE COMMUNICATIONS CORPORATION ("USS") BULLETIN TYPE: Private Placement-Non-Brokered, Amendment BULLETIN DATE: August 5, 2008 TSX Venture Tier 1 Company This is to confirm that further to the TSX Venture Exchange bulletin dated July 9, 2008, the Exchange has been advised by the Company of an amendment as follows: Finder's Fee Payable: $3,500 in cash to Wellington West TSX-X ---------------------------------- URACAN RE

SOURCES LTD. ("URC") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for expedited filing documentation of an Option Agreement dated July 8, 2008 between Bonaventure Enterprises Inc. (the "Optionor") whereby the Issuer may earn up to a 75% interest in 101 mineral claims (the Foster Lake Project) located in Northern Saskatchewan. In order for the Issuer to exercise the option to earn up to an undivided 75% interest in the Mineral Claims, the Issuer must, over a 5 year period, make cash payments to the Optionor equal to $0.75 per acre (approximately $870,000); issue an aggregate of 1,250,000 common shares of the Issuer and incur aggregate exploration expenditures of $5,000,000. TSX-X ---------------------------------- X-TERRA RE

SOURCES CORPORATION ("XT") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: August 5, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced June 9, 2008, June 24, 2008 and July 11, 2008: Number of Shares: 5,000,000 shares Purchase Price: $1.00 per share Warrants: 5,000,000 share purchase warrants to purchase 5,000,000 shares Warrant Exercise Price: $1.50 for a two year period Number of Placees: 13 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares David Franklin P 20,000 Agent's Fee: PowerOne Capital Markets Limited will receive a commission equal to 8% cash (400,000) and 8% in Broker Warrants (up to 400,000 broker warrants). 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 CITADEL GOLD MINES INC. ("CGM.H") BULLETIN TYPE: Shares for Debt BULLETIN DATE: August 5, 2008 NEX Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,544,568 shares to settle outstanding debt for $241,734. Number of Creditors: 1 Creditor Insider/Pro Group Participation: Deemed Insider equals Y/ Amount Price No. of Creditor Progroup equals P Owing per Share Shares Sherfam Inc. Y $241,734 $0.095 2,544,568 (Dr. Bernard Sherman) The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X ----------------------------------

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