TSX Venture Exchange Daily Bulletins

TORONTO, Jan. 8, 2016 /CNW/ -

TSX VENTURE COMPANIES

ALIX RESOURCES CORP. ("AIX")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  January 8, 2016

TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation in connection with a Purchase Agreement dated December 8, 2015 between the Company, Exploradora Cobre De Bacanora S. De R. L. C. V., Chancellor Corp., James Garnet Clark, Mark Malfair and Benjamin Lagarda whereby the Company is acquiring a 100% interest in the Tule Concession and the Tecolote Concession that are located in Sonora, Mexico.  Consideration is 4,000,000 shares to be issued as follows:

Chancellor Corporation (Dane Brown) – 1,000,000 common shares
Mark Malfair – 1,200,000 common shares
James Garnet Clark – 1,200,000 common shares
Benjamin Lagarda – 600,000 common shares.

________________________________________

ALMONTY INDUSTRIES INC. ("AII")
BULLETIN TYPE:  Property-Asset or Share Acquisition Agreement
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 1 Company

TSX Venture Exchange Inc. has accepted for filing the share purchase agreement between Almonty Industries Inc. ("Almonty") and Sojitz Tungsten Resources Inc. ("STRI") and the debt sale agreement between Almonty and Sojitz Corporation ("Sojitz"), each effective as of December 29, 2015 and closing January 6, 2016, pursuant to which Almonty has acquired all of the shares (the "BVI Shares") of Beralt Ventures Inc. ("BVI") from STRI and €12,260,000 in aggregate principal amount of debt (the "Debt") owed by Sojitz Beralt Tin & Wolfram (Portugal), S.A., a wholly-owned subsidiary of BVI, to Sojitz. BVI, through its wholly-owned subsidiaries, is the 100% owner of the various rights and interests comprising the Panasqueira tungsten mine in Covilha, Castelo Branco, Portugal. Almonty acquired the BVI Shares for €1.00 and the Debt in exchange for a cash payment of €1,000,000 on closing and a promissory note issued by Almonty in the principal amount of €500,000, bearing interest at 4% per annum, maturing December 29th, 2017.

Insider / Pro Group Participation:  Nil

For further information please refer to Almonty's news release dated January 6, 2016 which is available under Almonty's profile on SEDAR.

________________________________________

BANKS ISLAND GOLD LTD. ("BOZ")
BULLETIN TYPE:  Halt
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 2 Company

Effective at 5:00 a.m. PST, January 8, 2016, trading in the shares of the Company was halted due to failure to maintain exchange requirements. 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.

________________________________________

BARKERVILLE GOLD MINES LTD. ("BGM")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 2, 2015:

Number of Shares:                   

11,000,000 flow-through shares



Purchase Price:                        

$0.32 per share



Warrants:                                 

5,500,000 share purchase warrants to purchase 5,500,000 shares



Warrant Exercise Price:             

$0.40 for a two year period



Number of Placees:                  

3 Placees



Finder's Fee:                            

Sprott Private Wealth LP will receive a cash finder's fee of $176,000.00



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.

________________________________________

 

CGX ENERGY INC. ("OYL")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 16,522,500 shares to settle outstanding debt for $7,269,900.

Number of Creditors:   1 Creditor

Insider / Pro Group Participation:


Insider=Y /    

Amount           

Deemed Price


Creditor                       

Progroup=P    

Owing             

per Share 

# of Shares






Japan Drilling Co., Ltd.        

Y   

$7,269,900

$0.44

16,522,500






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

________________________________________

 

COPPER FOX METALS INC. ("CUU")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 21, 2015:

Number of Shares: 

8,823,528 flow-through shares


576,922 non flow-through shares



Purchase Price: 

$0.17 per flow-through share


$0.13 per non flow-through share



Number of Placees:  

7 Placees



Finder's Fee: 

$78,749.98 cash payable to Secutor Capital Management Corp.



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.

________________________________________

 

DISCOVERY VENTURES INC. ("DVN")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 18, 2015:

 

Number of Shares:                   

3,250,000 shares



Purchase Price:                        

$0.20 per share



Warrants:                                 

1,625,000 share purchase warrants to purchase 1,625,000 shares



Warrant Exercise Price:             

$0.30 for a two year period



Number of Placees:                  

3 Placees



Finder's Fee:                            

$30,000 cash and 75,000 warrants payable to Marquest Asset Management.


75,000 warrants payable to Secutor Capital Management Corp.


Finder's fee warrants are exercisable at $0.30 per share with an expiry date of December 23, 2017.



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.

________________________________________

ELORO RESOURCES LTD. ("ELO")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation relating to a services agreement (the "Agreement") dated December 21, 2015 between DIAGNOS inc. (the "Vendor") and Eloro Resources Ltd. (the "Company").  Pursuant to the Agreement, the Company shall acquire certain Intellectual property from the Vendor.

As consideration, the Company shall pay $25,000 and issue 208,333 shares to the Vendor.

For more information, refer to the Company's news release dated January 7, 2016.

________________________________________

LEGEND POWER SYSTEMS INC. ("LPS")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 17, 2015:

Number of Shares:                   

8,300,000 shares



Purchase Price:                        

$0.20 per share



Warrants:                                 

8,300,000 share purchase warrants to purchase 8,300,000 shares



Warrant Exercise Price:             

$0.40 for a two year period



Number of Placees:                  

38 Placees



Insider / Pro Group Participation:


Insider=Y /


Name   

ProGroup=P

# of Shares

Michael J. Atkinson 

150,000

Aggregate Pro Group Involvement 

P      

2,175,000

  [8 placees]






Finder's Fee: 

Primary Capital Inc. 426,125 units payable.


Canaccord Genuity Inc. 21,875 units payable.


Haywood Securities Inc. 50,750 units payable.


-Each unit has 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.]

________________________________________

RICHMOND MINERALS INC. ("RMD")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 8, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 24, 2015:

Number of Shares: 

1,143,714 flow-through shares


585,000 common shares



Purchase Price: 

$0.07 per flow-through share


$0.07 per common share



Warrants: 

864,357 share purchase warrants attached to purchase 864,357 shares



Warrant Exercise Price:  

$0.12 for an eighteen month period



Number of Placees:                 

6 Placees



Finder's Fees:    

an aggregate of $1,982.25 is payable to Accilent Capital Management.



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.

________________________________________

SOUTHERN SUN MINERALS INC. ("SSI")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  January 8, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation relating to the option agreement dated December 28, 2015 between the Company and Dajin Resources Corp. whereby the Company can earn a 60% interest in the Alkali Lake lithium property consisting of 191 placer claims covering an area of 1,558 hectares in the Esmeralda County, Nevada in consideration of US$84,000, 250,000 common shares and US$950,000 of exploration or work commitments.

________________________________________

VIDWRX INC. ("VID")
BULLETIN TYPE:  Warrant Price Amendment, Warrant Term Extension
BULLETIN DATE:  January 8, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has consented to the reduction in the exercise price and the extension of the term of the following warrants:

# of Warrants:   

3,750,000

Original Exercise Price of Warrants:  

$0.145

New Exercise Price of Warrants: 

$0.10

Original Expiry Date of Warrants: 

4 years

New Expiry Date of Warrants: 

5 years



These warrants were issued pursuant to a private placement of 3,750,000 special warrants shares with 3,750,000 share purchase warrants attached, which was announced by the Company on November 9, 2015.

________________________________________

VIDWRX INC. ("VID")
BULLETIN TYPE:  Warrant Price Amendment, Warrant Term Extension
BULLETIN DATE:  January 8, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has consented to the reduction in the exercise price and the extension of the term of the following warrants:

# of Warrants:   

7,200,000

Original Exercise Price of Warrants: 

$0.145

New Exercise Price of Warrants:  

$0.12

Original Expiry Date of Warrants:

4 years

New Expiry Date of Warrants: 

5 years



These warrants were issued pursuant to a private placement of 7,200,000 special warrants shares with 7,200,000 share purchase warrants attached, which was announced by the Company on October 2, 2015.

________________________________________

NEX COMPANIES

MAINSTREAM MINERALS CORPORATION ("MJO.H")
BULLETIN TYPE:  Halt – Correction
BULLETIN DATE:  January 8, 2016
NEX Company

Further to the Exchange bulletin dated January 7, 2016, the bulletin should have read as follows.

Effective at 5:00 a.m. PST, January 7, 2016, trading in the shares of the Company was halted for Failure to Maintain Transfer Agent. 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.

________________________________________

SOURCE TSX Venture Exchange



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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890