TSX Venture Exchange Daily Bulletins

VANCOUVER, Dec. 19, 2016 /CNW/ -

TSX VENTURES COMPANIES

CLAIM POST RESOURCES INC. ("CPS")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation relating to an acquisition agreement (the "Agreement") dated October 18, 2016 between an arm's length party (the "Vendor") and Claim Post Resources Inc. (the "Company). Pursuant to the Agreement, the Company shall acquire 23 claim units located in Deloro Townships, Ontario.

As consideration, the Company shall pay the Vendor $5,000 and issue 400,000 common shares.

________________________________________

Colibri Resource Corporation ("CBI")
BULLETIN TYPE:  Remain Halted
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 16, 2016, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to Listings Policy 5.6(d) of Exchange Policy 5.3.

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.

________________________________________

CRYSTAL EXPLORATION INC. ("CEI")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 19, 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, 2016:

Number of Shares:          

670,000 non flow-through shares


1,782,000 flow-through shares




Purchase Price:       

$0.11 per non flow-through share


$0.135 per flow-through share




Warrants:

1,226,000 share purchase warrants to purchase 1,226,000 shares




Warrant Exercise Price:    

$0.15 for a 12-months period




Number of Placees:             

8 Placees




Insider / Pro Group Participation:






Name                                               

Insider=Y /
ProGroup=P
 

# of Shares




Aggregate Pro Group Involvement      

P       

300,000 FT           

  [2 Placees]






Finder's Fee:       

$7,002.45 cash and 51,870 warrants payable to Accilent Capital Management Inc.


$7,002.45 cash and 51,870 warrants payable to Scott Koyich


$1,890.00 cash and 14,000 warrants payable to Haywood Securities Inc.


Finder's fee warrants are exercisable at $0.15 per share for 12 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.  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.

________________________________________

CYPRIUM MINING CORPORATION ("CUG")("CUG.DB")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Effective at 11:50 a.m. PST, December 19, 2016, trading in the shares of the Company was halted pending company contract. 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.

________________________________________

ESTEC SYSTEMS CORP ("ESE")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement, Delist
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing an amalgamation agreement (the "Amalgamation Agreement") dated November 7, 2016 between ESTec Systems Corp. (the "Company") and 2000067 Alberta Ltd ("Holdco") and 2000285 Alberta Ltd (the "Acquisitionco"), whereby Acquisitionco has acquired by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta) all of the issued and outstanding shares of the Company.

Pursuant to the Arrangement Agreement, each Company shareholder will be entitled to receive $0.12 for each one share of the Company.

Company shareholder approval was obtained December 9, 2016. The Arrangement was completed on December 16, 2016.

Delist:

Effective at the close of business, Monday, December 19, 2016, the common shares of the Company will be delisted from TSX Venture Exchange at the request of the Company.

________________________________________

ESTEC SYSTEMS CORP. ("ESE")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Effective at 4:49 a.m. PST, December 19, 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.

________________________________________

ESTRELLA INTERNATIONAL ENERGY SERVICES LTD. ("EEN")
BULLETIN TYPE:  Consolidation, Halt, Delist
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 1 Company

Consolidation

Pursuant to a special resolution passed by shareholders November 30, 2016, the Company has consolidated its capital on a one million, four hundred thousand (1,400,000) old for one (1) new basis.  The name of the Company has not been changed.

Effective at the opening December 30, 2016, the common shares of the Company will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Oil and Gas Services' company.

Post - Consolidation


Capitalization:             

Unlimited   shares with no par value of which


9   shares are issued and outstanding

Escrow                       

Nil   shares are subject to escrow



Transfer Agent:              

Computershare Trust Company of Canada

Trading Symbol:            

EEN                     (UNCHANGED)

CUSIP Number:            

29758W409        (new)

 

Halt
Effective at the opening December 30, 2016, trading in the shares of the Company will be halted at the request of the Company.

Delist
Further to the a special resolution passed by shareholders November 30, 2016 and in connection with the share consolidation above, effective at the close of business Friday, December 30, 2016 the common shares of Company will be delisted from TSX Venture Exchange at the request of the Company.

________________________________________

FERONIA INC. ("FRN")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 1 Company

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

Number of Shares:

14,951,454 shares



Purchase Price: 

CDN$0.22 per share



Number of Placees:   

2 Placees



Insider / Pro Group Participation:




Name                                   

Insider=Y /
ProGroup=P   

# of Shares

CDC Group plc                               

Y               

10,770,545

Golden Oil Holdings Limited  

Y       

4,180,909

 

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.                                                              

________________________________________

FIRST ENERGY METALS LIMITED ("FE")
[formerly Agave Silver Corp. ("AGV")]
BULLETIN TYPE:  Name Change
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Pursuant to a resolution passed by shareholders on December 16, 2016, the Company has changed its name as follows.  There is no consolidation of capital.

Effective at the opening Tuesday, December 20, 2016, the common shares of First Energy Metals Limited will commence trading on TSX Venture Exchange, and the common shares of Agave Silver Corp. will be delisted.  The Company is classified as a 'Precious Metals Exploration and Development' company.

Capitalization:                         

unlimited  shares with no par value of which


38,471,559  shares are issued and outstanding

Escrow:                                

nil  shares subject to escrow



Transfer Agent:                              

Computershare Investor Services Inc.

Trading Symbol:                       

FE                          (new)

CUSIP Number:                           

32016U108            (new)

 

________________________________________

GLOBAL GARDENS GROUP INC ("VGM")
BULLETIN TYPE:  New Listing-Shares
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 1 Company

Effective at the opening Tuesday, January 3, 2017, the common shares of the Global Gardens Group Inc. (the "Company") will commence trading on TSX Venture Exchange.  The Company is classified as a 'Consumer Products – breweries and beverage' company.

The Company is presently trading on the Canadian Stock Exchange.

Corporate Jurisdiction:             

British Columbia



Capitalization:                            

Unlimited  common shares with no par value of which


133,139,005  common shares are issued and outstanding

Escrowed Shares:                       

15,529,847  common shares



Transfer Agent:                               

TMX Equity Transfer Services

Trading Symbol:                           

VGM

CUSIP Number:                            

37890T 10 2

 

For further information, please refer to the Company's news release dated December 19, 2016 which is filed under the Company's profile on SEDAR.

Company Contact:    

Rob Harrison              

Company Address:

Suite 130-10691 Shellbridge Way, Richmond, British Columbia, V6X 2W8                     

Company Phone Number:

604-351-7609

Company Fax Number:

604-270-3644

Company Email Address:

rob@globalgardensgroup.com

 

________________________________________

MAXIM RESOURCES INC. ("MXM")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Effective at 11:52 a.m. PST, December 16, 2016, trading in the shares of the Company was halted for 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.

________________________________________

NICOLA MINING INC. ("NIM")
BULLETIN TYPE:  Private Placement-Non-Brokered

BULLETIN DATE:  December 19, 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, 2016:

Number of Shares:           

3,500,000 shares



Purchase Price:               

$0.20 per share



Warrants:                  

1,750,000 share purchase warrants to purchase 1,750,000 shares



Warrant Exercise Price:         

$0.35 for a three year period



Number of Placees:            

6 Placees



Insider / Pro Group Participation:




Name                                                 

Insider=Y / 
ProGroup=P
            

# of Shares

Peter Espig                        

Y            

375,000




Finder's Fee:                          

Redplug Capital Corp. $20,000 cash and 100,000 broker warrants payable.


2242257 Ontario Inc. $15,000 cash and 75,000 broker warrants payable.


Pollitt & Co. Inc. $10,500 cash and 52,500 broker warrants payable.


-Each broker warrant is exercisable into one common share at $0.35 for three years from closing.

 

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.]

________________________________________

NORTHERN VERTEX MINING CORP. ("NEE")
BULLETIN TYPE:  Correction, Private Placement-Non-Brokered
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

CORRECTION:

Further to the TSX Venture Exchange Bulletin dated December 13, 2016, the Bulletin should have included the following:

Finder's Fee:                             Haywood Securities Inc. $3,000 cash payable.

________________________________________

ORGANIGRAM HOLDINGS INC. ("OGI")
BULLETIN TYPE:  Prospectus-Share Offering
BULLETIN DATE:  December 19, 2016May 11, 2001
TSX Venture Tier  Company

The Company's Prospectus dated November 29, 2016  was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the  Financial and Consumer Services Commission (New Brunswick), and receipted by Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, Prince Edward Island and Newfoundland and Labrador Securities Commission, pursuant to the provisions of the  New Brunswick, Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, Prince Edward Island and Newfoundland and Labrador Securities Acts. 

TSX Venture Exchange has been advised that closing occurred on Dec 7, 2016, for gross proceeds of $40,253,450, including full exercise of the overallotment.

Underwriters:                        

Dundee Securities Ltd., GMP Securities L.P., Mackie Research Capital Corporation, PI Financial Corp. and Cormark Securities Inc. (the "Underwriters").



Offering:                     

11,339,000 common shares.



Share Price:                 

$3.55  per share

 

________________________________________

PACIFIC SAFETY PRODUCTS INC. ("PSP")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 1 Company

Effective at 7:37 a.m. PST, December 19, 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.

________________________________________

PATRIOT ONE TECHNOLOGIES INC. ("PAT")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Effective at 7:30 a.m. PST, December 19, 2016, shares of the Company resumed trading, an announcement having been made.

________________________________________

RED MOON RESOURCES INC. ("RMK")
[formerly RED MOON POTASH INC. ("RMK")]
BULLETIN TYPE:  Name Change
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Pursuant to a resolution passed by shareholders November 4, 2016, the Company has changed its name as follows.  There is no consolidation of capital.

Effective at the opening Tuesday, December 20, 2016, the common shares of Red Moon Resources Inc. will commence trading on TSX Venture Exchange and the common shares of Red Moon Potash Inc.  will be delisted.  The Company is classified as a 'Mining' company.

Capitalization:                         

shares with no par value of which


48,050,004  shares are issued and outstanding

Escrow:                                    

Nil  Escrowed Shares



Transfer Agent:                        

Comptuershare Trust Company of Canada

Trading Symbol:                      

RMK                      (Unchanged)

CUSIP Number:                       

75678X100            (new)

 

________________________________________

ROCK TECH LITHIUM INC. ("RCK")
BULLETIN TYPE:  Shares for Services
BULLETIN DATE: December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 15,000 shares at a deemed price of $0.90, in consideration of certain services provided to the company pursuant to an agreement dated July 8, 2016.

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

________________________________________

SOUTHERN LITHIUM CORP. ("SNL")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 1, 2016 and December 9, 2016:

Number of Shares:               

3,322,000 shares




Purchase Price:                    

$0.25 per share




Warrants:                          

3,322,000 share purchase warrants to purchase 3,322,000 shares




Warrant Exercise Price:         

$0.35 for eighteen months




Number of Placees:             

15 Placees




Insider / Pro Group Participation:






Name                                            

Insider=Y / 
ProGroup=P

# of Shares

Brent Hahn                                    

Y                      

100,000

Aggregate Pro Group Involvement                 



  [ 1 Placee]                                         


100,000




Finder's Fee:   

$12,000 plus 48,000 finder's warrants is payable to Leede Jones Gable Inc.


$4,000 plus 16,000 finder's warrants is payable to Mackie Research Capital Corporation

 

________________________________________

STELLAR AFRICAGOLD INC. ("SPX")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement:

Convertible Debentures:

$150,000





Conversion Price:                   

Principal is convertible into 3,000,000 common shares and 1,500,000 warrants at a conversion price of $0.05 per Conversion Unit during the first 12 months following closing; Principal is convertible into 1,500,000 common shares and 750,000 warrants at a conversion price of $0.10 per Conversion Unit between the 13th and 36th months following closing.




Maturity Date:                       

36 months following the closing of the Private Placement




Warrants:                             

1,500,000 warrants to purchase 1,500,000 common shares during the first 12 months following closing, with exercise price of $0.10 per share for 24 months; 750,000 warrants to purchase 750,000 between the 13th and 36th months following closing, with exercise price of $0.15 per share for 24 months.




Interest Rate:                          

10%





Number of Placees:                  

4 Placees





Insider / Pro Group Participation:   








Name

Insider=Y/
ProGroup=P
                      

Convertible debentures        

Corporation Financière SKTM Ltée.  

Y   

$10,000

(Martin Nicoletti)






The Company has announced the completion of the Private Placement in the press release of September 22, 2016.

 

STELLAR ORAFRIQUE INC. (« SPX »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier, débenture convertible
DATE DU BULLETIN : Le 19 décembre 2016
Société du groupe 2 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier :

Débentures convertibles :           

150 000 $



Prix de conversion :              

Le capital est convertible en 3 000 000 actions ordinaires et 1 500 000 bons de souscription au prix de conversion de 0,05 $ par Unité de Conversion durant les 12 mois suivant la clôture; Le capital est convertible en 1 500 000 actions ordinaires et 750 000 bons de souscription au prix de conversion de 0,10 $ par Unité de Conversion entre le 13ème et 36ème mois suivant la clôture.



Date d'échéance :                

36 mois après la clôture du placement privé



Bons de souscription :         

1 500 000 bons de souscription permettant de souscrire à 1 500 000  actions ordinaires, au prix d'exercice de 0,10 $ l'action pour 24 mois; 750 000 bons de souscription permettant de souscrire à 750 000  actions ordinaires, au prix d'exercice de 0,15 $ l'action pour 24 mois.



Taux d'intérêt :                      

10%



Nombre de souscripteurs :        

4 souscripteurs



Participation Initié / Groupe Pro :           




Nom

Initié = Y /

Groupe Pro = P

Débentures convertibles

Corporation Financière SKTM Ltée.
(Martin Nicoletti)

Y

10 000 $

 

La société a annoncé avoir complété le placement privé dans le communiqué de presse du 22 septembre 2016.

_____________________________

TELEHOP COMMUNICATIONS INC. ("HOP")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 15,000,000 common shares to settle outstanding debt for $750,000.

Number of Creditors:  

     31 Creditors






Insider / Pro Group Participation:






Creditor     

Insider=Y / Progroup=P

Amount Owing              

Deemed Price per Share 

# of Shares






Robert Stikeman           

Y                  

$12,500

$0.05

250,000

 

For further details, please refer to the Company's news release dated December 16, 2016.

________________________________________

THE WESTERN INVESTMENT COMPANY OF CANADA LIMITED ("WI")
[formerly THE WESTERN INVESTMENT COMPANY OF CANADA LIMITED ("WI.P")]
BULLETIN TYPE:  Resume Trading, Qualifying Transaction-Completed/New Symbol, Shares for Services, Company Tier Reclassification
BULLETIN DATE: December 19, 2016
TSX Venture Tier 2 Company

1. Resume Trading

Effective at the opening on Tuesday, December 20, 2016, trading in the Western Investment Company of Canada Limited (the "Company") shares will resume.

2. Qualifying Transaction

TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated December 9, 2016.  As a result, at the opening on December 20, 2016, the Company will no longer be considered a Capital Pool Company.  The Qualifying Transaction includes the following:

The Qualifying Transaction consists of the arm's length acquisition of a 50.1% interest in an automotive glass service business providing repair and replacement of windshields, side windows, side mirrors, rear windows, and sun roofs, and the importation and wholesale of glass parts and related automotive glass repair and replacement materials from Sweet Pea Enterprises Inc. ("Sweet Pea"), which is owned by Miles and Karyn Palmer, for consideration of $4,010,000 in cash paid by the Company pursuant to the Asset Purchase Agreement dated November 30, 2016. 

For further information on the Qualifying Transaction, please refer to the Company's Filing Statement available on SEDAR.

The Exchange has been advised that the above transaction has been completed.

In addition, the Exchange has accepted for filing the following: 

3. Shares for Services

TSX Venture Exchange has accepted for filing the Company's proposal to issue an aggregate of 443,006 shares at a deemed price of $0.50 in consideration of certain consulting services provided by four individuals to the company.

Insider / Pro Group Participation: None

4. Company Tier Reclassification

In accordance with Policy 2.5, the Company has met the requirements for a Tier 1 company.  Therefore, effective Tuesday, December 20, 2016, the Company's Tier classification will change from Tier 2 to:

Classification

Tier 1


Capitalization:            

Unlimited  shares with no par value of which


11,443,006  shares are issued and outstanding

Escrow:                                

2,139,000  shares, 2,090,000 of which are subject to a CPC Escrow Agreement and 49,000 of which are subject to a Tier 1 Value Security Escrow Agreement



Symbol:                   

WI  same symbol as CPC but with .P removed



The Company is classified as a "Industrial" company.




Company Contact:                 

Scott Tannas, President and Chief Executive Officer

Company Address:                   

1010 – 24th Street S.E., High River, Alberta  T1V 2A7

Company Phone Number:            

403-652-2663

Company Email Address:               

stannas@winv.ca

 

________________________________

VENERABLE VENTURES LTD. ("VLV")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 3, 2016 and November 24, 2016:

Number of Shares:           

2,500,000 shares




Purchase Price:                   

$0.11 per share




Warrants:                       

2,500,000 share purchase warrants to purchase 2,500,000 shares




Warrant Exercise Price:      

$0.15 for a two year period




Number of Placees:               

11 Placees




Insider / Pro Group Participation:









Name                       

Insider=Y /
ProGroup=P 

# of Shares

Wodan Investments Ltd. (Ryan Sharp)      

Y                     

100,000

Lisa Sharp                                              

Y                        

100,000

Glen Dickson                                            

Y                        

100,000




Finder's Fee:                  

$1,760 plus 16,000 warrants payable to Leede Jones Gable Inc.


160,000 shares and 160,000 warrants payable to Dumont Capital Corp.

 

________________________________________

VISCOUNT MINING CORP. ("VML")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 19, 2016
TSX Venture Tier 2 Company

Effective at 5:43 a.m. PST, December 19, 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.

________________________________________

NEX COMPANIES

CENTURY ENERGY LTD. ("CEY.H")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 19, 2016
NEX Company

Effective at 10:44 a.m. PST, December 19, 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.

________________________________________

LIBERTY ONE LITHIUM CORP. ("LBY.H")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 19, 2016
NEX Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 1, 2016 and November 21, 2016:

Number of Shares:            

4,460,000 shares





Purchase Price:               

$0.25 per share





Warrants:                        

4,460,000 share purchase warrants to purchase 4,460,000 shares





Warrant Exercise Price:   

$0.40 for a one year period





Number of Placees:      

80 Placees





Insider / Pro Group Participation:






Name                                            

Insider=Y /
ProGroup=P    

# of Shares

Aggregate Pro Group Involvement      

P     

300,000

  [4 Placees]






Finder's Fee:             

Mackie Research Capital Corporation receives $80,614 and 322,456 non-transferable share purchase warrants, each exercisable for one share at a price of $0.40 per share for a one year period.


Morris Capital Inc. (Robert Harris) receives $786


Echelon Wealth Partners Inc. receives $2,000 and 8,000 non-transferable share purchase warrants, each exercisable for one share at a price of $0.40 per share for a one year period.


Fortuna Investment Corp. (Justin Parmar) receives $4,000 and 16,000 non-transferable share purchase warrants, each exercisable for one share at a price of $0.40 per share for a one year period.


PI Financial Corp. receives $1,800 and 7,200 non-transferable share purchase warrants, each exercisable for one share at a price of $0.40 per share for a one year period.

 

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued news releases announcing the closing of the private placement and setting out the expiry dates of the hold periods on November 23, 2016 and December 15, 2016.

________________________________________

SOURCE TSX Venture Exchange

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


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