TSX Venture Exchange Daily Bulletins



    VANCOUVER, Jan. 9 /CNW/ -

    
    TSX VENTURE COMPANIES

    BULLETIN TYPE: Cease Trade Order
    BULLETIN DATE: January 8, 2009
    TSX Venture Companies

    A Cease Trade Order has been issued by the British Columbia Securities
Commission on January 8, 2009, against the following Companies for failing to
file the documents indicated within the required time period:

                                                                     Period
                                                                     Ending
    Symbol   Tier   Company              Failure to File             (Y/M/D)

    ("BVT")  2      Bonaventure          comparative financial      08/08/31
                     Enterprises Inc.     statements
                                         management discussion      08/08/31
                                          & analysis
    ("OEI")  1      Otish Energy Inc.    comparative financial      08/08/31
                                          statements
                                         management discussion      08/08/31
                                          & analysis
    ("VGG")  2      Vega Gold Ltd.       comparative financial      08/08/31
                                          statements
                                         management discussion      08/08/31
                                          & analysis

    Upon revocation of the Cease Trade Order, the Company's shares will remain
suspended until the Company meets TSX Venture Exchange requirements. Members
are prohibited from trading in the securities of the company during the period
of the suspension or until further notice.

    TSX-X
                       -------------------------------

    ALLIANCE GRAIN TRADERS INCOME FUND ("AGT.UN")
    BULLETIN TYPE: Notice of Additional Distribution
    BULLETIN DATE: January 9, 2009
    TSX Venture Tier 2 Company

    The Issuer has declared additional distribution information:

    Distribution per Trust Unit:         $0.137511 (Actual Amount)
    Payable Date:                        January 8, 2009
    Record Date:                         December 31, 2008
    Ex-distribution Date:                December 29, 2008

    TSX-X
                       -------------------------------

    APPALACHES RE

SOURCES INC. ("APP") BULLETIN TYPE: Private Placement-Non-Brokered, Correction BULLETIN DATE: January 9, 2009 TSX Venture Tier 1 Company Further to TSX Venture Exchange (the "Exchange") bulletin dated January 8, 2009 with respect to a Non-Brokered Private Placement, the price per share should have read $0.11 for the flow-through common shares and $0.08 for the common shares and not vice-versa. The other information in our bulletin dated January 8, 2009 remains unchanged. RES

SOURCES APPALACHES INC. ("APP") TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier, corrigé DATE DU BULLETIN : Le 9 janvier 2009 Société du groupe 1 de TSX croissance Suite au bulletin de Bourse de croissance TSX (la "Bourse") daté du 8 janvier 2009 relativement à un placement privé sans l'entremise d'un courtier, le prix par action aurait dû se lire 0,11 $ pour les actions ordinaires accréditives et 0,08 $ pour les actions ordinaires au lieu de l'inverse. Les autres informations de notre bulletin du 8 janvier 2009 demeurent inchangées. TSX-X ------------------------------- BRAZALTA RE

SOURCES CORP. ("BRX") BULLETIN TYPE: Property-Asset or Share Disposition Agreement BULLETIN DATE: January 9, 2009 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation pursuant to a Share Purchase Agreement dated December 19, 2008 between Brazalta Resources Corp. (the 'Company') and Allis-Chalmers Energy Inc. ('Allis') whereby the Company agreed to sell all of the issued and outstanding shares of its wholly-owned subsidiary, BCH Ltd. ('BCH'), to Allis (the 'Disposition'). In consideration, Allis agreed to pay the Company US$5 million in cash and assume all of the debt of BCH, representing approximately US$68.5 million of debt. The Disposition was announced in the Company's press releases dated December 29, 2008 and January 2, 2009. TSX-X ------------------------------- CANFE VENTURES LTD. ("FEY.P") BULLETIN TYPE: Halt BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company Effective at the open, January 9, 2009, 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 ------------------------------- CROWN POINT VENTURES LTD. ("CWV") BULLETIN TYPE: Warrant Price Amendment BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants: Private Placement: No. of Warrants: 3,882,500 Original Expiry Date of Warrants: February 5, 2009 New Expiry Date of Warrants February 5, 2010 Forced Exercise Provision: If the closing price for the Company's shares is $0.72 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. Original Exercise Price of Warrants: $0.75 in the first year and $1.00 in the second year Exercise Price of Warrants for extended term: $0.60 These warrants were issued pursuant to a private placement of 3,882,500 shares with 3,882,500 share purchase warrants attached, which was accepted for filing by the Exchange effective February 7, 2007. No. of Warrants: 1,540,000 Original Expiry Date of Warrants: December 19, 2008 New Expiry Date of Warrants: February 5, 2010 Forced Exercise Provision: If the closing price for the Company's shares is $0.72 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. Original Exercise Price of Warrants: $0.75 in the first year and $1.00 in the second year Exercise Price of Warrants for extended term: $0.60 These warrants were issued pursuant to a private placement of 1,540,000 flow-through shares with 1,540,000 share purchase warrants attached, which was accepted for filing by the Exchange effective December 19, 2006. TSX-X ------------------------------- EL NINO VENTURES INC. ("ELN") BULLETIN TYPE: Warrant Price Amendment, Warrant Term Extension BULLETIN DATE: January 9, 2009 TSX Venture Tier 1 Company TSX Venture Exchange has consented to the reduction in the exercise price and the extension to the term of the following warrants: Private Placement: No. of Warrants: 2,932,500 Original Expiry Date of Warrants: January 9, 2009 New Expiry Date of Warrants: January 9, 2010 Forced Exercise Provision: If the closing price for the Company's shares is $0.20 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. Original Exercise Price of Warrants: $0.60 New Exercise Price of Warrants: $0.15 These warrants were issued pursuant to a private placement of 6,015,000 shares with 3,007,500 share purchase warrants attached, which was accepted for filing by the Exchange effective July 10, 2007. Private Placement: No. of Warrants: 2,944,444 Original Expiry Date of Warrants: February 28, 2009 Forced Exercise Provision: If the closing price for the Company's shares is $0.20 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. Original Exercise Price of Warrants: $1.40 New Exercise Price of Warrants: $0.15 These warrants were issued pursuant to a private placement of 5,888,889 shares with 2,944,444 share purchase warrants attached, which was accepted for filing by the Exchange effective September 13, 2007. TSX-X ------------------------------- ENCAP INVESTMENTS INC. ("ENC.P") BULLETIN TYPE: New Listing-CPC-Shares BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company This Capital Pool Company's ('CPC') Amended and Restated Prospectus dated December 8, 2008 has been filed with and accepted by TSX Venture Exchange and the British Columbia and Alberta Securities Commission effective December 11, 2008, pursuant to the provisions of the British Columbia and Alberta 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 $123,000 (1,230,000 common shares at $0.10 per share). Commence Date: At the opening Monday, January 12, 2009, the Common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: British Columbia Capitalization: unlimited common shares with no par value of which 4,000,000 common shares are issued and outstanding Escrowed Shares: 2,051,000 common shares Transfer Agent: Olympia Trust Company Trading Symbol: ENC.P CUSIP Number: 292516101 Sponsoring Member: Union Securities Ltd. Agent's Options: 123,000 non-transferable stock options. One option to purchase one share at $0.10 per share up to 24 months. For further information, please refer to the Company's Amended and Restated Prospectus dated December 8, 2008. Company Contact: Harley Sinclair, President Company Address: 2760-200 Granville Street Vancouver, BC V6C 1S4 Company Phone Number: (778) 786-1434 Company Fax Number: (604) 648-8031 Company Email Address: harleysinclair@shaw.ca TSX-X ------------------------------- ENCAP INVESTMENTS INC. ("ENC.P") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 8, 2008: Number of Shares: 770,000 shares Purchase Price: $0.10 per share Number of Placees: 10 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Harley Sinclair Y 51,000 Finder's Fee: N/A 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: January 9, 2009 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 December 18, 2008 and amended January 7, 2009: Number of Shares: 6,150,000 flow-through shares and 1,800,000 non flow-through shares Purchase Price: $0.05 per share Warrants: 900,000 share purchase warrants to purchase 900,000 shares Warrant Exercise Price: $0.10 for a two year period Number of Placees: 15 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P No. of Shares David Cowan Y 50,000 NFT Jackie Collins Y 50,000 NFT Thomas W. Seltzer P 300,000 NFT Catherine Seltzer P 100,000 NFT Richard Mazur Y 300,000 FT AMC Ltd. (Anthony Balme) Y 300,000 NFT Carter Capital Ltd. (Anthony Balme) Y 450,000 NFT Finder's Fee: 32,000 shares and 32,000 warrants exercisable at $0.10 for two years payable to Haywood Securities 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. 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 ------------------------------- HAPPY CREEK MINERALS LTD. ("HPY") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with an Agreement of Purchase and Sale dated December 15, 2008 between the Company and Candorado Operating Company whereby the Company has acquired a 100% interest in 5 mineral claims located in the Cariboo Mining Division, British Columbia. Consideration is $15,000 and 50,000 common shares. TSX-X ------------------------------- HUMPTY'S RESTAURANTS INTERNATIONAL INC. ("HMP") BULLETIN TYPE: Normal Course Issuer Bid BULLETIN DATE: January 9, 2009 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 January 2, 2009, it may repurchase for cancellation, up to 731,489 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period February 1, 2009 to January 31, 2010. Purchases pursuant to the bid will be made by Blackmont Capital on behalf of the Company. TSX-X ------------------------------- JANTAR RE

SOURCES LTD. ("JR") BULLETIN TYPE: Halt BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company Effective at 11:40 a.m. PST, January 9, 2009, 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 ------------------------------- LARGO RE

SOURCES LTD. ("LGO") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 30, 2008: Number of Shares: 6,250,000 flow-through shares Purchase Price: $0.08 per share Warrants: 3,125,000 share purchase warrants to purchase 3,125,000 shares Warrant Exercise Price: $0.15 for an eighteen month period (until June 30, 2010) Number of Placees: 2 placees Finder's Fee: $32,500, plus 437,500 compensation options payable to First Canadian Securities. Each compensation option is exercisable into one common share and one-half of one warrant at a price of $0.08 for an eighteen month period. Each whole warrant is exercisable into one common share at a price of $0.15 for an eighteen month period. 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 ------------------------------- OLYMPIA FINANCIAL GROUP INC. ("OLY") BULLETIN TYPE: Declaration of Dividend BULLETIN DATE: January 9, 2009 TSX Venture Tier 1 Company The Issuer has declared the following dividend: Dividend per Share: $0.45 Payable Date: January 30, 2009 Record Date: January 20, 2009 Ex-Dividend Date: January 16, 2009 TSX-X ------------------------------- SAHA PETROLEUM LTD. ("SPZ") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 1, 2008: Number of Shares: 2,777,777 flow through common shares Purchase Price: $0.18 per share Number of Placees: 1 placee Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares David Forrest Y 2,777,777 No Finder's Fee payable 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 ------------------------------- SAN GOLD CORPORATION ("SGR") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: January 9, 2009 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced November 21, 2008: Convertible Debenture: $8,828,000 Conversion Price: Convertible, in whole or in part, into common shares at any time after the first anniversary of the initial closing at a price of $1.40 per share. Maturity date: three years after initial closing Interest rate: 10% per annum payable on the anniversary of the initial closing. Subject to additional Exchange approval, the debenture holders may elect to receive interest payable in shares at a price equal to the Market Price of the Company shares on the interest due date. Number of Placees: 138 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ Principal Amount Robert J. Bebluk P 20,000 Finders' Fees: Jory Capital Inc. receives $258,650 Dalton Dupasquier receives $6,500 Seann Harlington receives $25,000 MGI Securities Inc. receives $33,650 Odlum Brown Limited receives $10,500 Blackmont Capital Inc. receives $12,500 Jones Gable & Co. Limited receives $71,000 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 ------------------------------- TOURNIGAN ENERGY LTD. ("TVC") BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Amendment BULLETIN DATE: January 9, 2009 TSX Venture Tier 1 Company Further to TSX Venture Exchange Bulletin dated November 26, 2008 the Company's disposition of Dalradian Gold Limited ('Dalradian') to C3 Resources Inc. ('C3') has been revised as an earn-in option agreement. Pursuant to the option agreement dated December 19, 2008, C3 will pay a total of C$9.25 million in four staged payments and C3 will fund 100% of the project expenditures until the completion of a bankable feasibility study for a 90% equity interest in Dalradian. The staged payments will be paid in the following earn-in phases: 1. An initial payment of C$1 million (C$375,000 of which has been previously paid, C$450,000 which will be paid on Exchange approval and a further C$175,000 on or before March 31, 2009); 2. C$3.25 million upon the completion of an updated NI 43-101 compliant resource definition, on or before December 31, 2010; 3. C$1.75 million upon completion of a NI 43-101 compliant pre- feasibility report, on or before December 31, 2011; and 4. C$3.25 million upon completion of a NI 43-101 compliant bankable feasibility study, on or before June 30, 2013. Upon completion of the updated NI 43-101 compliant resource definition as outlined in phase (2) above, C3 will have the option to enter into a formal joint-venture agreement with the Company and hold a 51% equity interest in Dalradian. This interest will increase with each earn-in phase until it reaches 90% upon completion of phase (4) at which time the Company and C3 will participate in Dalradian on a pro-rata basis. TSX-X ------------------------------- WINDFIRE CAPITAL CORP. ("WIF.P") BULLETIN TYPE: New Listing-CPC-Shares BULLETIN DATE: January 9, 2009 TSX Venture Tier 2 Company This Capital Pool Company's ('CPC') Prospectus dated November 11, 2008 has been filed with and accepted by TSX Venture Exchange and the Alberta, British Columbia and Ontario Securities Commissions effective November 12, 2008, pursuant to the provisions of the Alberta, British Columbia and Ontario 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 $354,700 (1,773,500 common shares at $0.20 per share). Commence Date: At the opening Monday, January 12, 2009, the common shares will commence trading on TSX Venture Exchange. Corporate Jurisdiction: Alberta Capitalization: Unlimited common shares with no par value of which 3,523,500 common shares are issued and outstanding Escrowed Shares: 1,750,000 common shares Transfer Agent: Olympia Trust Company Trading Symbol: WIF.P CUSIP Number: 973251 10 1 Sponsoring Member: Research Capital Corporation Agent's Options: 177,350 non-transferable Agent's Options. One option to purchase one common share at $0.20 per common share up to a period of 24 months from the date the common shares are listed on the Exchange. For further information, please refer to the Company's Prospectus dated November 11, 2008. Company Contact: Gerrit Langejans President Company Address: 16, 2235 - 30th Avenue NE Calgary, AB T2E 7C7 Company Phone Number: (403) 735-0070 Company Fax Number: (403) 735-0771 Company Email Address: windmll@telusplanet.net TSX-X ------------------------------- YANGARRA RE

SOURCES LTD. ("YAN") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: January 9, 2009 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 1, 2008: Number of Shares: 6,000,000 flow through common shares Purchase Price: $0.10 per share Number of Placees: 10 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Patricia Olynyk Y 200,000 Jim Evaskevich Y 200,000 Grassy Island Ranch Ltd. Y 1,000,000 (Jim Evaskevich) Grant Evashkevich Y 200,000 Gordon Bowerman Y 1,600,000 Brenda Bowerman Y 100,000 Douglas Stuve Y 200,000 No Finder's Fee payable 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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