TSX Venture Exchange Daily Bulletins

VANCOUVER, March 11, 2016 /CNW/ -

TSX VENTURE COMPANIES

BLACK ISLE RESOURCES CORPORATION ("BIT")
BULLETIN TYPE:  Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Further to the bulletin dated March 24, 2015 TSX Venture Exchange has accepted for filing an Amended Agreement dated March 5, 2016 whereby the Option Agreement dated March 1, 2015 with respect to the acquisition of the Jet Property located in Elko County, Nevada has been revised.  The share consideration payable will be divided as so that A. Kruger will receive 75% (as to 1,175,000 common shares) and Jimmy Thurl Reese will receive 25% (as to 325,000 common shares).  In addition, the payment schedule has been extended from four years to five years with total cash payments reduced to $412,000 and exploration expenditures reduced to $500,000.

________________________________________

ECUADOR GOLD AND COPPER CORP. ("EGX")
BULLETIN TYPE:  Consolidation
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Pursuant to a special resolution passed by shareholders on March 4, 2016, the Company has consolidated its capital on a ten (10) old for one (1) new basis.  The name of the Company has not been changed.

Effective at the opening Monday, March 14, 2016, the shares of Ecuador Gold And Copper Corp. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration and Development' company.

Post - Consolidation

Capitalization:                         

unlimited


shares with no par value of which


25,728,975


shares are issued and outstanding

Escrow                                             

nil


shares are subject to escrow

 

Transfer Agent:                        

Computershare Trust Company of Canada

Trading Symbol:                       

EGX                

(UNCHANGED)

CUSIP Number:                        

27928C 20 4     

(new)

________________________________________

EMPIRE ROCK MINERALS INC. ("EPR")
BULLETIN TYPE:  Shares for Bonuses
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 500,000 bonus shares at a deemed price of $0.08 per share to Blizzard Finance Corp. in consideration of a loan in the principal amount of $200,000.  The loan has a term of one year and bears interest at 20% per annum.

________________________________________

GOLD BULLION DEVELOPMENT CORP. ("GBB")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  Mar 11, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Mar 08, 2016:

Number of Shares:                   

16,600,000 shares



Purchase Price:                        

$0.05 per share



Warrants:                                 

16,600,000 share purchase warrants to purchase 16,600,000 shares



Warrant Initial Exercise Price:    

$0.10



Warrant Term to Expiry:            

2 Years



Number of Placees:                  

19 Placees

Insider / Pro Group Participation:


Insider=Y /


Name                                                              

Pro-Group=P                                 

# of Shares

Mineral Recovery Management Systems

Y                                 

3,087,400

 (Frank Basa)



Roger Thomas                                                 

Y                              

2,000,000

The Company issued a news release on March 8, 2016 confirming closing of the private placement. 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.

The above information is a summary only.  Neither TMX Group Limited nor any of its affiliated companies guarantees the accuracy or completeness of the information contained in this document.  Readers should consult the issuer's continuous disclosure record for complete details of the transaction.

________________________________________

MARITIME RESOURCES CORP. ("MAE")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  Mar 11, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Feb 12, 2016:

Number of Shares:                   

1,300,000 shares



Purchase Price:                        

$0.15 per share, including a royalty payment



Warrants:                                 

650,000 share purchase warrants to purchase 650,000 shares



Warrant Initial Exercise Price:    

$0.20



Warrant Term to Expiry:            

3 Years



Number of Placees:                  

3 Placees

Insider / Pro Group Participation:


Insider=Y /


Name                                                              

Pro-Group=P                                 

# of Shares

Aggregate Pro-Group Involvement[1  Placee]      

P                                                         

500,000

Finder's Fee:

Leede Jones Gable Inc.            

$14,625.00 cash; 97,500 warrants                      

Finder Warrant Initial Exercise Price: 


$0.20

Finder Warrant Term to Expiry:       


Expires 3 years from Closing

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.

The above information is a summary only.  Neither TMX Group Limited nor any of its affiliated companies guarantees the accuracy or completeness of the information contained in this document.  Readers should consult the issuer's continuous disclosure record for complete details of the transaction.

________________________________________

NIOGOLD MINING CORP ("NOX")
BULLETIN TYPE:  Halt
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Effective at 5:31 a.m. PST, March 11, 2016, trading in the shares of the Company was halted pending delist. 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.

________________________________________

NIOGOLD MINING CORP. ("NOX")
BULLETIN TYPE:  Plan of Arrangement; Delist
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Pursuant to resolutions passed by the shareholders of each of NioGold Mining Corp. (the 'Company') and Oban Mining Corp. ('Oban') on March 4, 2016, the Company and Oban have completed a plan of arrangement under Division 5 of Section 9 of the Business Corporations Act (British Columbia) (the "Arrangement"). The Arrangement was completed on March 11, 2016. Under the terms of the Arrangement, each former shareholder of the Company received 0.4167 common shares of Oban in exchange for each share of the Company held, and holders of options and warrants to acquire shares of the Company received replacement options and warrants, respectively, entitling the holder thereof to receive Oban shares, based on the terms of such options and warrants of the Company, as adjusted by the plan of arrangement.

Effective at the close of business on Friday, March 11, 2016, as a result of the Arrangement, the common shares of the Company will be delisted from TSX Venture Exchange.

Please refer to the Company's news releases dated January 11, 2016, February 8, 2016, February 23, 2016, March 4, 2016 and March 9, 2016 for further details.                         

________________________________________

NOVO RESOURCES CORP. ("NVO")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 14, 2016:

Convertible Debenture  

$2,071,300



Conversion Price: 

1,883 debentures with a principal amount of $1,100 convertible into shares at $0.67 per share, subject to a gold redemption right as outlined in the company's news releases dated January 14, 2016 and March 10, 2016.



Maturity date:   

January 12, 2017



Interest rate:  

no interest payable.



Number of Placees:   

9 Placees

Insider / Pro Group Participation:


Insider=Y /


Name                                                              

ProGroup=P                                  

# of Shares

Akiko Levinson                                                 

Y                                                

50 debentures

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.

________________________________________

PETROLYMPIC LTD. ("PCQ")
BULLETIN TYPE:  Warrant Term Extension
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Further to TSX Venture Exchange bulletin dated July 10, 2015, the Exchange has consented to a further extension of the expiry date of the following warrants:

Private Placement:




# of Warrants:                                                    

6,300,000

Original Expiry Date of Warrants:                        

July 13, 2015  

New Expiry Date of Warrants:                             

March 13, 2017

Exercise Price of Warrants:                                 

$0.25



# of Warrants:                                                    

2,470,666

Original Expiry Date of Warrants:                        

August 7, 2015           

New Expiry Date of Warrants:                             

April 7, 2017

Exercise Price of Warrants:                                 

$0.25

These warrants were issued pursuant to a private placement of 8,770,666 common shares with 8,770,666 share purchase warrants attached, which was accepted for filing by the Exchange effective February 10, 2014.

________________________________________

RED ROCK ENERGY INC. ("RRK.H")
[formerly Red Rock Energy Inc. ("RRK")]
BULLETIN TYPE:  Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE:  March 11, 2016
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 at the opening on Monday, March 14, 2016, 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 Calgary to NEX.

As of March 14, 2016, 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 RRK to RRK.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.

_______________________________________

SANATANA RESOURCES INC. ("STA")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange Inc. (the "Exchange") has accepted for filing an agreement dated January 12, 2016 (the "Agreement"), between Sanatana Resources Inc. (the "Company") and Trelawney Augen Acquisition Corp. ("Trelawney"). Pursuant to the Agreement, Trelawney has disposed of its 50% interest in the watershed property, located in Ontario (the "Property").

Consideration for the 50% interest in the Property was $200,000 on execution of the Agreement and $1,800,000 on closing of the Agreement. In addition, the Company will receive $1,500,000 upon a decision to put all or part of the Property into commercial production and a further $1,500,000 upon commencement of commercial production on the Property. Further, Trelawney will return 6,987,239 common shares of the Company currently held by Trelawney or its affiliates.

The Company will also receive a 1% NSR on the Property subject to a buy-out right to Trelawney of 0.5% of the NSR for $2,000,000.

Insider / Pro Group Participation:  N/A

Please refer to the Company's news releases dated January 12, 2016, March 4, 2016 and March 9, 2016, all available under the Company's SEDAR profile.

________________________________________

SG SPIRIT GOLD INC. ("SG")
BULLETIN TYPE:  Remain Halted - Qualifying Transaction
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange ('TSXV') Bulletin dated March 3, 2016, 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 Take-Over pursuant to Listings Policy 5.2

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.

________________________________________

SILVERMET INC. ("SYI")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: March 11, 2016
TSX Venture Tier 2 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 March 9, 2016, it may repurchase for cancellation up to 9,699,338 common shares in its own capital stock.  The purchases are to be made through the facilities of TSX Venture Exchange, ATS, Alpha and Chi-X during the period March 15, 2016 to March 14, 2017.  Purchases pursuant to the bid will be made by D & D Securities Inc. on behalf of the Company.

________________________________________

THUNDERSTRUCK RESOURCES LTD. ("AWE")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 26, 2016:

Number of Shares:                   

2,000,000 shares



Purchase Price:                        

$0.05 per share



Warrants:                                 

2,000,000 share purchase warrants to purchase 2,000,000 shares



Warrant Exercise Price:             

$0.10 for a three year period



Number of Placees:                  

5 Placees

Insider / Pro Group Participation:


Insider=Y /


Name    

ProGroup=P                                  

# of Shares

Brien Lundin

Y                               

650,000

Linx Inc. (Bryce Bradley)  

Y                               

100,000

The Company issued a news release on February 29, 2016 confirming closing of the private placement. 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.

________________________________________

TOACHI MINING INC. ("TIM")
[formerly Ferrum Americas Mining Inc. ("FEM")]
BULLETIN TYPE:  Name Change and Consolidation
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Pursuant to a resolution passed by shareholders January 29, 2016, the Company has consolidated its capital on a (5) five old for (1) one new basis.  The name of the Company has also been changed as follows.

Effective at the opening on Monday March 14, 2016, the common shares of Toachi Mining Inc. will commence trading on TSX Venture Exchange, and the common shares of Ferrum Americas Mining Inc. will be delisted. The Company is classified as a 'Mining Exploration' company.

Post - Consolidation

Capitalization:  

Unlimited


shares with no par value of which


18,849,936


shares are issued and outstanding

Escrow:       

nil


shares

 

Transfer Agent:    

Equity Financial Trust Company

Trading Symbol:    

TIM                      

(new)

CUSIP Number:   

888785102

(new)

________________________________________

VENDOME RESOURCES CORP ("VDR  ")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  March 11, 2016
TSX Venture Tier 2 Company

Effective at 5:00 a.m. PST, March 11, 2016, shares of the Company resumed trading, an announcement having been made.

_______________________________________

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