TSX Venture Exchange Daily Bulletins

VANCOUVER, Oct. 27, 2016 /CNW/ -

TSX VENTURE COMPANIES

CONFEDERATION MINERALS LTD. ("CFM")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 14 and October 5, 2016:

Number of Shares:            

2,526,315 shares



Purchase Price:                  

$0.38 per share



Warrants:                        

2,526,315 share purchase warrants to purchase 2,526,315 shares



Warrant Exercise Price: 

$0.56 for a two year period



Number of Placees:         

23 Placees



Insider / Pro Group Participation:


Name                                 

Insider=Y /
ProGroup=P        

# of Shares

David Velisek                        

Y                      

65,790

Finder's Fee:               

$5,476.77 cash and 14,412 warrants payable to Mackie Research Corporation


$608 cash and 1,600 warrants payable to Canaccord Genuity Corp.


Finder's fee warrants are exercisable at $0.56 per share for 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). 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.

________________________________________

CRYSTAL LAKE MINING CORPORATION ("CLM")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 21, 2016:

Number of Shares:       

115,000 shares



Purchase Price:            

$0.35 per share



Warrants:                       

57,500 share purchase warrants to purchase 57,500 shares



Warrant Exercise Price:      

$0.50 for a two year period



Number of Placees:             

2 Placees

 

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.

________________________________________

DOUBLEVIEW CAPITAL CORP. ("DBV")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 502,331 shares and 502,331 share purchase warrants to settle outstanding debt for $40,186.48.

Number of Creditors:          

1 Creditor



Warrants:                          

502,331 share purchase warrants to purchase 502,331 shares



Warrant Exercise Price:      

$0.15 for a two year period

 

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

________________________________________

ECUADOR GOLD AND COPPER CORP. ("EGX")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 656,713 shares at a deemed price of $0.60 per share to settle outstanding debt for USD$299,300 (CAD$394,028) owed to the Company's CEO.

Number of Creditors:       

          1 Creditor



Insider / Pro Group Participation:


Creditor   

Insider=Y /
Progroup=P 

Amount
Owing  

Deemed Price
per Share  

# of Shares

Sparenberg Capital Limited    

Y              

$394,028

$0.60

656,713

(Heye Duan)










Warrants:         

None




 

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

________________________________________

ECUADOR GOLD AND COPPER CORP. ("EGX")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 634,283 shares at a deemed price of $0.77 per share and to settle outstanding interest payments owed to debentureholders.

Number of Creditors:  

10 Creditors



Insider / Pro Group Participation:

None



Warrants:

None

 

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

________________________________________

GARIBALDI RESOURCES CORP. ("GGI")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 27, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange (the "Exchange") accepts for filing documentation pursuant to a Mineral Property Purchase Agreement dated September 12, 2016 (the "Agreement"), between the Company  Agreement of Purchase and Sale dated May 10, 2016, and announced via news release on May 18, 2016 (the "Agreement"), between the Company and an arm's length vendor ("Vendor"), whereby the Company will acquire 20 mineral tenures comprising approximately 1,473 hectares located in the Liard Mining Division, known as the East Claims Property.

The Company has purchased a 100% right, title and interest in the Property. In consideration for the transaction, the company will issue 150,000 common shares to the Vendor and make cash payments totalling $15,000.

For further details, please see the Company's press release dated October 14, 2016.

________________________________________

NEVADA ENERGY METALS INC ("BFF")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Option Agreement (the "Agreement") dated July 14, 2016 between Nevada Energy Metals Inc. (the "Company") and Wildcat Exploration Ltd. ("Wildcat"),whereby the Company is optioning up to a 100% interest, subject to a 3% NSR, in 348 mineral claims located in Dixie Valley, Churchill County, Nevada, to Wildcat Exploration Ltd.

As consideration for the transaction the Company will receive from Wildcat:

  • US$200,000 cash (Us$20,000 on signing and US180,000 on final Exchange approval
  • 6,000,000 shares over two years
  • US $1,250,000 in exploration commitment within three years

The transaction is subject to a 3% NSR

The transaction was closed on August 10, 2016.

Further information on the transaction is available in the Company's news release dated July 15, and October 26, 2016

________________________________________

ONESOFT SOLUTIONS INC. ("OSS")
BULLETIN TYPE:  Halt
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

Effective at 6:14 a.m. PST, October 27, 2016, trading in the shares of the Company was halted at the request of the Company, pending news. 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.

________________________________________

SOUTHERN ARC MINERALS INC. ("SA")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 1 Company

TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a letter of intent dated July 4, 2016 pursuant to which Southern Arc Minerals Inc. ("Southern Arc") agreed to sell its wholly-owned subsidiary, Southern Arc Minerals Japan KK ("SAMJ"), to Sky Ridge Resources Ltd. (now renamed "Japan Gold Corp.").  In exchange for its interest in SAMJ, Southern Arc received 23,750,000 post-consolidated common shares of Japan Gold Corp.

Insider / Pro Group Participation:  Nil.

For further information please refer to Southern Arc's news releases dated July 6, 2016 and September 16, 2016 which are available under Southern Arc's profile on SEDAR.

________________________________________

WEST MELVILLE METALS INC. ("WMM")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement, Resume Trading
BULLETIN DATE:  October 27, 2016
TSX Venture Tier 2 Company

Property-Asset or Share Purchase Agreement

TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to an agreement dated August 11, 2016, as amended October 21, 2016 (the "Agreement"), between West Melville Metals Inc. (the "Company") and Gorilla Minerals Corp. ("Gorilla"). Pursuant to the Agreement, the Company has acquired the option to acquire a 90% interest in the Wels property, Yukon (the "Property") from Gorilla.

There is an existing 3% NSR on the Property. 2% of the 3% NSR may be repurchased for $1,500,000.

Consideration for the 90% interest in the Property is as follows:


CASH        

SHARES              

Within 5 days of closing                                 

$50,000

500,000

Thirty days after Agreement date                         

$100,000

-

Six months after Agreement date                           

-

500,000

One year after Agreement date                                

$100,000

500,000

Eighteen months after Agreement date                       

-

500,000

Twenty four months after Agreement date             

$100,000

500,000

Thirty months after Agreement date                 

-

500,000

Total                                                                

$350,000

3,000,000

 

Insider / Pro Group Participation:  N/A

For additional information please refer to the Company's news releases dated August 15, 2016 and October 27, 2016.

Resume Trading

Effective at the open, Friday, October 28, 2016, the common shares of West Melville will resume trading.

_______________________________________

NEX COMPANIES

BULLETIN TYPE:  Listing Maintenance Fees - Delist
BULLETIN DATE:  October 27, 2016
NEX Company

Effective at the close of business on Thursday, October  27, 2016, and in accordance with NEX Policy, section 15, the shares of the following companies' will be delisted from NEX, for failure to pay their quarterly NEX Listing Maintenance Fee.  Prior to delisting, the shares of the Company were subject to a suspension from trading.

Issuer Name

Symbol

FAIRMILE GOLDTECH INC.

FLA.H

GOLDBAR RESOURCES INC.

GHI.H

REPARO ENERGY PARTNERS CORP.

REP.H

SPHERE RESOURCES INC.

SPH.H

STONEPOINT GLOBAL BRANDS

SPG.H

YUNTONE CAPITAL CORP.

YTC.H

 

If the issuer has any questions regarding this bulletin, please contact:

Joanne Butz, CPA, CMA, CFE
Interim Director, Capital Formation TSXV, Alberta
Email:   joanne.butz@tsx.com
Phone:  (403) 218-2820

_______________________________________________

SOURCE TSX Venture Exchange

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


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