TSX Venture Exchange Daily Bulletins



    VANCOUVER, May 15 /CNW/ -

    
    TSX VENTURE COMPANIES

    ADMIRAL BAY RE

SOURCES INC. ("ADB") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 15, 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 May 4, 2009: Number of Shares: 25,970,496 shares Purchase Price: $0.064 per share Warrants: 51,940,992 half share purchase warrants to purchase 25,970,496 shares Warrant Exercise Price: 25,970,496 half share purchase warrants are exercisable into 12,985,248 shares at $0.09 per share for a one year term 25,970,496 half share purchase warrants are exercisable into 12,985,248 shares at $0.128 for a two year term Number of Placees: 19 placees Insider / Pro Group Participation: Insider=Y / Name ProGroup=P / No. of Shares Steven Tedesco Y 935,629 Robert Carington Y 561,377 Vern Swanson Y 205,838 Finder's Fee: FIG Partners (Geoff Hodgson, Chris Marinac, Adam Desmond) will receive a finder's fee of $60,065.00 and 1,562,500 half warrants with the same terms as the offering. 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 ---------------------------------------- ASIAN RE

SOURCE GLOBAL STRATEGIES INC. ("GSI.P") BULLETIN TYPE: Halt BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company Effective at 11:48 a.m. PST, May 15, 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 ---------------------------------------- ASIAN RE

SOURCE GLOBAL STRATEGIES INC. ("GSI.P") BULLETIN TYPE: Remain Halted BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated May 15, 2009, effective at 12:37 p.m., PST, May 15, 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 ---------------------------------------- AVION RE

SOURCES CORP. ("AVR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to a Share Exchange Agreement (the "Agreement"), between Avion Resources Corp. (the "Company"), and RAB Special Situations (Master) Fund Limited ("RAB"), whereby the Company has entered into an agreement to acquire a 16% interest in Midlands Minerals Corp ("Midlands") - a TSX Venture listed company. Pursuant to the Agreement, the Company has agreed to purchase from RAB a total of 8,581,000 common shares of Midlands in exchange for the issuance of 4,290,500 common shares of the Company. For further details, please refer to the Company's new release dated May 12, 2009. TSX-X ---------------------------------------- BIG STICK MEDIA CORPORATION ("BSM") BULLETIN TYPE: Consolidation BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company Pursuant to a special resolution passed by shareholders May 13, 2009, the Company has consolidated its capital on a 5 old for 1 new basis. The name of the Company has not been changed. Effective at the opening Tuesday, May 19, 2009, the shares of Big Stick Media Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'On-Line Information Services' company. Post - Consolidation Capitalization: unlimited shares with no par value of which 23,992,020 shares are issued and outstanding Escrow 155,515 shares are subject to escrow Transfer Agent: Equity Transfer and Trust Company Trading Symbol: BSM (unchanged) CUSIP Number: 089632 20 2 (new) TSX-X ---------------------------------------- BITTERROOT RE

SOURCES LTD. ("BTT") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with the following: 1. A Mineral Creek (Debbie) Property Purchase Agreement dated May 11, 2009 between the Company and Mineral Creek Ventures Inc. (Insiders: Michael Becherer and Dean Crick) whereby the Company has acquired the remaining 25% interest in the Mineral Creek Claims that are located near Port Alberni on Vancouver Island. Consideration is the issuance of 2,000,000 common shares. A 0.5% NSR was granted with respect to the claims acquired. 2. A Purchase Agreement (Becherer) dated May 11, 2009 between the Company and Michael Becherer whereby the Company acquired the remaining 25% interest in the Bercherer Claims, which are adjacent to the Mineral Creek Claims. Consideration is 34,000 common shares. TSX-X ---------------------------------------- CELESTE COPPER CORPORATION ("C") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to a non-arm's length share purchase agreement (the "Share Purchase Agreement") dated April 24, 2009 among the Company, 1402227 Alberta Ltd. ("1402227 Alberta") and certain shareholders and optionholders of 1402227 Alberta. Pursuant to the Share Purchase Agreement, the Company has acquired all of the issued and outstanding securities of 1402227 Alberta for total consideration of $292,968.83, consisting of the issuance by the Company of 3,906,251 shares at $0.075 per share. 525,000 options at an exercise price of $0.075 per share will be granted to optionholders of 1402227 Alberta. 1402227 Alberta holds a 2/3 interest in Manto Medio S.A., which holds the Manto Medio mining claim in the Republic of Chile. TSX Venture Exchange has also accepted for filing documentation pertaining to an arm's length share purchase agreement (the "Second Share Purchase Agreement") dated May 13, 2009 between the Company, Inversiones Copper Holding Chile Limitada ("Inversiones Copper") and Manto Medio S.A., pursuant to which the Company acquired the remaining one-third interest in Manto Medio S.A. from Inversiones Copper for total consideration of $159,500, consisting of the issuance by the Company of 1,993,750 shares at $0.075 per share. Insider / Pro Group Participation: Insider=Y / Name ProGroup=P No. of Shares David McQuaig Y 15 Elmer Stuart Y 15 TSX-X ---------------------------------------- FIBRE

SOURCES CORPORATION ("FB") BULLETIN TYPE: Halt BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company Effective at the open, May 15, 2009, trading in the shares of the Company was halted for failure to pay sustaining fees. TSX-X ---------------------------------------- GEE-TEN VENTURES INC. ("GTV") BULLETIN TYPE: Sustaining Fees-Resume Trading BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company Further to the TSX Venture Exchange Bulletin dated May 11, 2009, effective at the opening Tuesday, May 19, 2009, trading in the shares of the Company will resume, the Company having paid its Sustaining Fees. TSX-X ---------------------------------------- GREAT EASTERN CORPORATION LIMITED (THE) ("GTN.PR.A")("GTN.PR.B") BULLETIN TYPE: Declaration of Dividend BULLETIN DATE: May 15, 2009 TSX Venture Tier 1 Company The Issuer has declared the following dividends: Dividend per 4.5% Pr A Share: $0.1125 Payable Date: August 4, 2009 Record Date: July 2, 2009 Ex-dividend Date: June 29, 2009 Dividend per Pr B Share: $0.1375 Payable Date: August 4, 2009 Record Date: July 2, 2009 Ex-dividend Date: June 29, 2009 TSX-X ---------------------------------------- HEDGER CAPITAL INC. ("HEC.P") BULLETIN TYPE: Remain Halted BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated May 14, 2009, effective at 6:30 a.m. PST, May 15, 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 ---------------------------------------- KANE BIOTECH INC. ("KNE") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 30, 2009: Number of Shares: 3,571,429 shares Purchase Price: $0.07 per share Warrants: 1,785,714 share purchase warrants to purchase 1,785,714 shares Warrant Exercise Price: $0.10 for the first six months $0.15 for the twelve months thereafter Number of Placees: 4 placees Insider / Pro Group Participation: Insider=Y / Name ProGroup=P / No. of Shares Srinivasa Madhyastha Y 150,000 Gordon Froehlich Y 124,786 Peter J. de Visser Y 140,000 Finder's Fee: An aggregate of $12,349.52 and 117,936 compensation warrants payable to Crowthorn Capital Corporation, Canaccord Adams Inc., Allied Capital Corporation, and National Bank Financial Inc. Each compensation warrant is exercisable into one share at a price $0.07 for a one year 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 ---------------------------------------- Legend Power Systems Inc. ("LPS") BULLETIN TYPE: Short Form Offering Document-Distribution BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company The Company's Short Form Offering Document dated April 27, 2009 was filed with and accepted by TSX Venture Exchange on April 27, 2009. TSX Venture Exchange has been advised that a first tranche closing occurred on May 11, 2009, for gross proceeds of $56,125.85. Agent: Versant Partners Inc. Offering: 102,047 shares Share Price: $0.55 per share Agent's Fee: No fee was paid with respect to this closing TSX-X ---------------------------------------- NATCORE TECHNOLOGY INC. ("NXT") (formerly Syracuse Capital Corp. ("SYU.P")) BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Name Change, Private Placement - Non-Brokered, Resume Trading BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated March 26, 2009. As a result, at the opening on Tuesday, May 19, 2009, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following: 1) Acquisition of Natcore Technology Inc. Pursuant to the Acquisition Agreement dated March 26, 2009, the Company acquired all of the shares of Natcore Technology Inc. in consideration of the issuance of 12,960,086 shares of the Company and 2,145,000 warrants entitling the holder to acquire one additional common share at $0.40 per share for a five year period. 2) Private Placement - Non-Brokered TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 4, 2009: Number of Shares: 4,244,850 shares Purchase Price: $0.40 per share Warrants: 4,244,850 share purchase warrants to purchase 4,244,850 shares Warrant Exercise Price: $0.75 for a two year period Number of Placees: 79 placees Insider / Pro Group Participation: Insider=Y / Name ProGroup=P / No. of Shares Brien Lundin Y 300,000 David Wolfin P 12,000 Colin Quan P 14,000 James Wilson P 16,500 Vasilios & Evaneglia Soursos P 25,000 Luke Norman P 50,000 Paul DiPasquale P 62,500 Finder's Fee: $26,502 plus 66,255 warrants payable to Canaccord Capital Corp. $8,400 plus 21,000 payable to Thomas Gurtner Each warrant is exercisable into one common share at $0.75 per share for 24 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. Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term. 3) Name Change, Resume Trading Pursuant to a director's resolution dated March 3, 2009 the Company has changed its name from Syracuse Capital Corp. to Natcore Technology Inc. There is no consolidation of capital. Effective at the opening Tuesday, May 19, 2009, the common shares of Natcore Technology Inc. will commence trading on TSX Venture Exchange, and the common shares of Syracuse Capital Corp. will be delisted. The Company is classified as a 'technology' company. Capitalization: unlimited shares with no par value of which 21,299,102 shares are issued and outstanding Escrow: 9,684,835 Transfer Agent: Computershare Investor Services Inc. Trading Symbol: NXT (new) CUSIP Number: 63228P 10 8 (new) Company Contact: Shauna Hartman, Corporate Secretary Company Address: 47 Club Way, Red Bank New Jersey 07701 USA Company Phone Number: (604) 683-7361 Company Fax Number: (604) 662-3231 Company Email Address: shartman@armlaw.com TSX-X ---------------------------------------- NORTH ARROW MINERALS INC. ("NAR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing an amendment letter agreement dated April 23, 2009 between North Arrow Minerals Inc. (the 'Company') and Dave Nickerson, further to both a letter agreement dated May 29, 2008 between the Company and Strongbow Exploration Inc. (a TSX Venture listed company) ('Strongbow'), whereby Strongbow assigned to the Company a 100% interest in the Hay Duck Property located east of Yellowknife Bay, Northwest Territories, and an underlying option agreement dated May 28, 2007 between Strongbow and Dave Nickerson. Total consideration under the original agreement with Mr. Nickerson consisted of $500,000 in cash payments payable over a five year period. Under the amended agreement the cash payment of $25,000 due May 1, 2009 has been amended so that the Company will now issue 50,000 shares and pay $17,500 by January 1, 2010. All other property payment due dates have been extended by eight months. In addition, there is a 2.5% net smelter return payable to Mr. Nickerson relating to the acquisition. The Company may at any time purchase 1% of the net smelter return for $500,000, a further 1% for $2,000,000 ($2,500,000 cumulative), and a further 0.5% (representing 100% of the royalty) for $10,000,000 ($12,500,000 cumulative). Strongbow retains the right to back-in to a 40% interest in the Hay Duck property by funding $5,000,000 in exploration expenditures, after the Company incurs exploration expenditures of $5,000,000. The Company and Strongbow are related by virtue of two directors. TSX-X ---------------------------------------- NORTHERN CONTINENTAL RE

SOURCES INC. ("NCR") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Convertible Bridge Loan announced April 30, 2009: Convertible Bridge Loan: $495,000 Conversion Price: Convertible into shares at $0.125 of principal outstanding. Maturity date: August 19, 2009 Interest rate: If the proposed plan of arrangement with Denison Mines Corp. is terminated prior to completion interest is payable at 5% per annum. 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 ---------------------------------------- PERFECT FRY CORPORATION ("PNM") BULLETIN TYPE: Normal Course Issuer Bid BULLETIN DATE: May 15, 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 May 12, 2009, it may repurchase for cancellation up to 612,632 of its common shares being approximately 10% of the Company's "Public Float". The purchases are to be made through the facilities of TSX Venture Exchange during the period of May 19, 2009 to May 19, 2010. Purchases pursuant to the bid will be made by ScotiaMcLeod on behalf of the Company. TSX-X ---------------------------------------- RAINY RIVER RE

SOURCES LTD. ("RR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for expedited filing documentation pertaining to a letter agreement dated May 8, 2009 between Rainy River Resources Ltd. (the 'Company'), as acquirer and Keith Douglas Allen and Donald J. MacEachern, as vendor, pursuant to which the Company will acquire the 3% net smelter return royalty on certain of the Company's Ontario mineral properties. In consideration, the Company will pay $475,000 and issue 600,000 shares. TSX-X ---------------------------------------- RIA RE

SOURCES CORP. ("RIA") (formerly Blue Parrot Energy Inc. ("BPA")) BULLETIN TYPE: Name Change and Consolidation BULLETIN DATE: May 15, 2009 TSX Venture Tier 1 Company Pursuant to a resolution passed by shareholders May 8, 2009, the Company has consolidated its capital on a 20 old for 1 new basis. The name of the Company has also been changed as follows. Effective at the opening Tuesday, May 19, 2009, the common shares of Ria Resources Corp. will commence trading on TSX Venture Exchange, and the common shares of Blue Parrot Energy Inc. will be delisted. The Company is classified as an 'Oil & Gas Exploration/Development' company. Post - Consolidation Capitalization: Unlimited shares with no par value of which 7,407,857 shares are issued and outstanding Escrow: 0 escrowed shares Transfer Agent: Computershare Trust Company of Canada Trading Symbol: RIA (new) CUSIP Number: 76243T 10 3 (new) TSX-X ---------------------------------------- SANDSTORM RE

SOURCES LTD. ("SSL") LUNA GOLD CORP. ("LGC") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Companies Further to the TSX Venture Exchange's Prospectus-Unit Offering bulletin for Sandstorm Resources Ltd. ("Sandstorm") dated April 27, 2009, Sandstorm has now completed the Luna and SilverCrest transactions as noted below. The common shares and warrants underlying the subscription receipts issued pursuant to Sandstorm's prospectus dated April 16, 2009 (the "Prospectus Offering") will be issued and listed for trading on May 22, 2009. A separate bulletin will be issued by the TSX Venture Exchange when the warrants underlying the subscription receipts issued pursuant to the Prospectus Offering are to be listed for trading. 1. Acquisition of 17% of the Life of Mine Gold Produced from the Aurizona Property TSX Venture Exchange has accepted a purchase agreement dated May 15, 2009 (the "Luna Agreement") between Sandstorm or its affiliate and/or subsidiary (the "Company") and Luna Gold Corp. or its affiliate and/or subsidiary ("Luna"). Pursuant to the Luna Agreement, the Company will acquire 17% of the gold produced over the life of mine on the property known as the Aurizona project. Upon the satisfaction of certain funding conditions as set out in the Luna Agreement, aggregate consideration payable by the Company to Luna is US$17,800,000 cash plus 5,500,000 common shares of the Company, plus ongoing per ounce payments of the lesser of US$400 and the then prevailing market price per ounce of gold which is subject to a 1% per annum increase beginning on the 3rd anniversary of the date that the project begins commercial production. Insider / Pro Group Participation: N/A For further information, please see the Company's prospectus dated April 16, 2009. 2. Acquisition of 20% of the Life of Mine Gold Produced from the Santa Elena Property TSX Venture Exchange has also accepted a purchase agreement dated May 15, 2009 (the "SilverCrest Agreement") between the Company and SilverCrest Mines Inc. or its affiliate and/or subsidiary ("SilverCrest"). Pursuant to the SilverCrest Agreement, the Company will acquire 20% of the gold produced over the life of mine on the property known as Santa Elena project. Upon the satisfaction of certain funding conditions as set out in the SilverCrest Agreement, aggregate consideration payable by the Company to SilverCrest is US$12,000,000 cash plus 3,500,000 common shares of the Company, plus ongoing per ounce payments of the lesser of US$350 and the then prevailing market price per ounce of gold which is subject to a 1% per annum increase beginning on the 3rd anniversary of the date that the project begins commercial production. Insider / Pro Group Participation: N/A For further information, please see the Company's prospectus dated April 16, 2009. TSX-X ---------------------------------------- SERENGETI RE

SOURCES INC. ("SIR") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for expedited filing documentation pertaining to a letter agreement dated April 29, 2009 between Amarc Resources Ltd. and Serengeti Resources Inc. (the 'Company'), pursuant to which the Company may acquire digital exploration data on the Choo and Mil Properties. In consideration, the Company will issue 100,000 shares. TSX-X ---------------------------------------- SOUTHERN SILVER EXPLORATION CORP. ("SSV") BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement BULLETIN DATE: May 15, 2009 TSX Venture Tier 2 Company Further to the bulletins dated December 9, 2004 and December 10, 2004, TSX Venture Exchange has accepted for expedited filing documentation pertaining to an amending agreement dated for reference February 25, 2009 between Southern Silver Exploration Corp. (the 'Company') and Anglo American Mexico S.A. de C.V. ('Anglo American'), pursuant to which Anglo American has agreed to extend the Company's option to acquire a 100% interest in the Pinabete property located in Chihuahua State, Mexico. The option has been extended for a period of two years and in consideration the Company will issue 100,000 shares. TSX-X ---------------------------------------- NEX COMPANIES SBI SKIN BIOLOGY INCORPORATED ("SBI.H") BULLETIN TYPE: Halt BULLETIN DATE: May 15, 2009 NEX Company Effective at the open, May 15, 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 ----------------------------------------

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