VANCOUVER, June 1, 2012 /CNW/ -
TSX VENTURE COMPANIES:
AMAYA GAMING GROUP INC. ("AYA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 1, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the documentation relating to an arm's length cash offer (the "Offer") made by Amaya Gaming Group Inc. ("Amaya") to purchase all of the share capital of CryptoLogic Limited ("CryptoLogic") not already owned by Amaya. The Offer is dated February 17, 2012, as amended and extended on March 28, April 18, May 2, May 16 and May 30, 2012. Under the terms of the Offer, CryptoLogic Shareholders have been offered US$2.535 in cash for each CryptoLogic Share. As at May 30, 2012, Amaya has received valid acceptances of the Offer in respect of a total of 11,334,659 CryptoLogic Shares. Taking into account the existing holding of Amaya of 971,629 CryptoLogic Shares, the total number of CryptoLogic Shares over which Amaya now has control is 12,306,288 representing approximately 89% of the issued share capital of CryptoLogic.
For further information, please refer to the Company's press releases dated February 2, 2012, February 21, 2012, March 9, 2012, March 16, 2012, March 29, 2012, April 3, 2012, April 18, 2012, May 2, 2012, May 16 , 2012 and May 30, 2012.
GROUPE DE JEUX AMAYA INC. (« AYA »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 1 juin 2012
Société du groupe 1 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents relativement à une offre d'achat (« l'offre ») en espèces effectuée par Groupe de jeux Amaya inc. (« Amaya ») pour l'acquisition de toutes les actions de CryptoLogic Limited (« CryptoLogic ») qui ne sont pas déjà détenues par Amaya. L'offre est datée du 17 février 2012, telle que modifiée et prolongée le 28 mars, 18 avril, 2 mai, 16 mai et 30 mai 2012. En vertu des modalités de l'offre, les actionnaires de CryptoLogic se sont vus offert 2,535 $ US en espèces pour chaque action de CryptoLogic. En date du 30 mai 2012, l'offre a été acceptée par des détenteurs de 11 334 659 actions de Cryptologic. En prenant en considération les 971 629 actions de Cryptologic déjà détenues par Amaya, le nombre total d'actions de Cryptologic sur lesquelles Amaya exerce maintenant le contrôle s'élève à 12 306 288 actions représentant environ 89 % du capital émis de Cryptologic.
Pour de plus amples renseignements, veuillez vous référer aux communiqués de presse de la société datés des 2 février 2012, 21 février 2012, 9 mars 2012, 16 mars 2012, 29 mars 2012, 3 avril 2012, 18 avril 2012, 2 mai 2012, 16 mai 2012 et 30 mai 2012.
_________________________________
AZURA VENTURES LTD. ("AZV.P")
BULLETIN TYPE: CPC-Filing Statement, Remain Halted
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's CPC Filing Statement dated May 30, 2012, for the purpose of filing on SEDAR.
Further to TSX Venture Exchange bulletin dated November 16, 2011, trading in the shares of the Company has remained halted.
AZURA VENTURES LTD. (« AZV.P »)
TYPE DE BULLETIN : SCD - Déclaration de changement d'inscription, arrêt maintenu
DATE DU BULLETIN : Le 1er juin 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt par la société, d'une déclaration de changement d'inscription de SCD datée du 30 mai 2012, pour les fins de dépôt sur SEDAR.
Suite au bulletin de Bourse de croissance TSX daté du 16 novembre 2011, la négociation sur les titres de la société est demeurée arrêtée.
______________________________________
BAYMOUNT INCORPORATED ("BYM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
Effective at the open, Monday, June 4, 2012, trading in the shares of the Company will resume. The Company announced on May 4, 2012 that it would no longer be proceeding with its proposed Change of Business.
________________________________________
BIOTONIX (2010) INC. ("BTX")
BULLETIN TYPE: RTO-Information Circular, Remain Halted
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Information Circular dated May 23, 2012, for the purpose of mailing to shareholders and filing on SEDAR.
Further to TSX Venture Exchange bulletin dated December 22, 2011, trading in the shares of the Company has remained halted.
BIOTONIX (2010) INC. («BTX»)
TYPE DE BULLETIN : Prise de contrôle inversée - Circulaire de sollicitation de procurations, arrêt maintenu
DATE DU BULLETIN : Le 1er juin 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt par la société, d'une circulaire de sollicitation de procurations datée du 23 mai 2012, pour les fins d'envoi aux actionnaires et dépôt sur SEDAR.
Suite au bulletin de Bourse de croissance TSX daté du 22 décembre 2011, la négociation sur les titres de la société est demeurée arrêtée.
BLUE NOTE MINING INC. ("BNT")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an agreement between Blue Note Mining Inc. (the "Company") and GeoVenCap Inc. ("GeoVenCap"), pursuant to which the Company has sold to GeoVencap its interests in the Company's properties located in New Brunswick, in consideration of 11,120,000 GeoVenCap common shares and 4,772,876 GeoVenCap special warrants at a deemed price of $0.50 per share (total deemed value of $7,946,438).
It is expected that the Company will distribute to its shareholders 3,973,219 shares received pursuant to the transaction.
For further information, please refer to the Company's news releases dated January 20, 2012, March 22, 2012, March 26, 2012 and May 31, 2012.
BLUE NOTE MINING INC. (« BNT »)
TYPE DE BULLETIN : Convention de vente d'actif ou convention de vente d'actions
DATE DU BULLETIN : Le 1 juin 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt d'avis de la société relativement à une convention entre Blue Note Mining Inc. (la « société ») et GeoVenCap Inc. (« GeoVenCap »), en vertu de laquelle la société a vendu à GeoVenCap ses intérêts dans les propriétés de la société situées au Nouveau-Brunswick, en considération de 11 120 000 actions ordinaires de GeoVenCap et 4 772 876 bons de souscription spéciaux de GeoVenCap au prix réputé de 0,50 $ l'action (pour une valeur totale réputée de 7 946 438 $).
Il est prévu que la société distribuera à ses actionnaires 3 973 219 actions de GeoVenCap reçus dans le cadre de la transaction.
Pour de plus amples informations, veuillez vous référer aux communiqués de presse émis par la société les 20 janvier 2012, 22 mars 2012, 26 mars 2012 et 31 mai 2012.
________________________________________
BLUE NOTE MINING INC. ("BNT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to the issuance of 825,000 additional common shares, of which 375,000 shares at a deemed price of $0.06 per share and 450,000 shares at a deemed price of $0.05 per share, to a former employee, in settlement of an accrued termination payment totalling $45,000.
| Number of Creditors: | 1 creditor |
The Company has announced the issuance of these shares pursuant to press releases dated December 19, 2011 and May 31, 2012.
BLUE NOTE MINING INC. (« BNT »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 1 juin 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à l'émission de 825 000 actions ordinaires additionnelles, dont 375 000 actions au prix réputé de 0,06 $ par action et 450 000 actions au prix réputé de 0,05 $ par action, dans le cadre des modalités de la cessation d'emploi d'un ancien employé pour une valeur de 45 000 $.
| Nombre de créanciers : | 1 créancier |
La société a annoncé l'émission de ces actions en vertu des communiqués de presse datés des 19 décembre 2011 et 31 mai 2012.
________________________________________
COLOMBIAN MINES CORPORATION ("CMJ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 29, 2012:
| Number of Shares: | 2,850,000 shares | ||||||||
| Purchase Price: | $0.53 per share | ||||||||
| Warrants: | 1,425,000 share purchase warrants to purchase 1,425,000 shares | ||||||||
| Warrant Exercise Price: |
$0.90 in the first year $1.15 in the second year |
||||||||
| 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. 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.
________________________________________
ENTREC CORPORATION ("ENT")
[formerly Entrec Transportation Services Ltd. ("ENT")]
BULLETIN TYPE: Name Change
BULLETIN DATE: June 1, 2012
TSX Venture Tier 1 Company
Pursuant to a resolution passed by shareholders May 15, 2012, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, Friday, June 4, 2012, the common shares of ENTREC Corporation will commence trading on TSX Venture Exchange, and the common shares of Entrec Transportation Services Ltd. will be delisted. The Company is classified as a 'General Freight Trucking' company.
| Capitalization: Escrow: |
Unlimited 62,563,487 505,000 |
shares with no par value of which shares are issued and outstanding |
||||||||
| Transfer Agent: | Olympia Trust Company | |||||||||
| Trading Symbol: CUSIP Number: |
ENT 29384D106 |
(UNCHANGED) (new) ISIN: CA29384D1069 |
||||||||
________________________________________
ESKAY MINING CORP. ("ESK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 16, 2012:
| Number of Shares: | 1,240,000 shares | |||||||||
| Purchase Price: | $0.06 per share | |||||||||
| Warrants: | 620,000 share purchase warrants to purchase 620,000 shares | |||||||||
| Warrant Exercise Price: | $0.10 for a two year period | |||||||||
| Number of Placees: | 4 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| John Wilson Larry Riggin Gordon McMehen |
P P Y |
500,000 200,000 340,000 |
||||||||
| Finder's Fee: | $1,920.00, plus 32,000 compensation options (each exercisable into one common share at a price of $0.10 for a periof of two years) payable to MGI Securities Inc. |
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.
________________________________________
EXPLOR RESOURCES INC. ("EXS")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
The Company's Prospectus dated March 9, 2012, was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta, British Columbia, Ontario and Autorité des marchés financiers du Québec pursuant to the provisions of the Alberta, British Columbia, Ontario and Québec Securities Act.
| Agent: | Industrial Alliance Securities Inc. | |||||||
| Offering: | The offering consists in (i) A minimum of 1,666,667 units (the "Units") and a maximum of 16,666,667 Units at a price of $0.30 per Unit; and (ii) a minimum of 4,285,714 flow-through units (the "Flow-Through Units") and a maximum of 18,800,000 Flow-Through Units at a price of $0.35 per Flow-Through Unit. Each Unit consists one common share and one warrant. Each Flow-Through Unit consists of one flow-though common share and one-half of one warrant. Each warrant entitles the holder to purchase one additional common share at the exercise price of $0.50 per share during a period of 18 months following the closing date. | |||||||
| Offering Price: | $0.30 per Unit and $0.35 per Flow-Through Unit. | |||||||
| Warrant Exercise Price: | $0.50 per Share during a period of 18 months | |||||||
| Agent's Fee: | 7% in cash of the gross proceeds from the sale of the offering and a number of non-transferable compensation options to purchase a number of shares equal to 5% of the number of Units and Flow-Through Units sold at the exercise price of $0.30 per Share during a period of 18 months. | |||||||
| Over-Allotment Option: | The Company granted to the Agent an option to purchase additional Units and Flow-Through Units, on the same terms as the Units and Flow-Through Units offered under the offering, in a maximum number equal to 15% of the number of Units and Flow-Through Units sold pursuant to the offering for a period of 30 days from the closing date of the Offering. |
The Company has confirmed the closing of the public offering by means of news releases dated March 15, 2010 and April 5, 2012. The aggregate gross proceeds received by the Company for the Offering is $7,547,721.80 (4,619,999 Units at $0.30 per Unit and 17,604,920 Flow-Through Units at $0.35 per Flow-Through Units).
RESSOURCES EXPLOR INC. (« EXS »)
TYPE DE BULLETIN : Émission d'unités par prospectus
DATE DU BULLETIN : Le 1er juin 2012
Société du groupe 2 de TSX Croissance
Le prospectus de la société daté du 9 mars 2012 a été déposé et accepté par la Bourse de croissance TSX et a été déposé et visé par l'Autorité des marchés financiers et les Commissions des valeurs mobilières de l'Alberta, la Colombie-Britannique et l'Ontario, en vertu des dispositions des Lois sur les valeurs mobilières du Québec, l'Alberta, la Colombie-Britannique et l'Ontario.
| Agent : | Industrielle Alliance Valeurs mobilières inc. | |||||
| Offre : | Le placement consiste en : (i) Un minimum de 1 666 667 unités et un maximum de 16 666 667 unités au prix de 0,30 $ par unité; et (ii) un minimum de 4 285 714 unités accréditives et un maximum de 18 800 000 unités accréditives au prix de 0,35 $ par unité accréditive. Chaque unité inclut une action ordinaire et un bon de souscription. Chaque unité accréditive inclut une action ordinaire accréditive et un-demi bon de souscription. Chaque bon de souscription permet au détenteur d'acquérir une action additionnelle au prix d'exercice de 0,50 $ par action accréditive durant une période initiale de 18 mois. | |||||
| Prix de l'offre: | 0,30 $ par unité et 0,35 $ par unité accréditive | |||||
| Prix d'exercice des bons: | 0,50 $ par action durant une période de 18 mois. | |||||
| Commission à l'agent : | 7 % en espèces du produit brut et des options de rémunération non-transférables permettant de souscrire un nombre d'actions correspondant à 5 % du nombre total d'unités et d'unités accréditives émises au prix de 0,30 $ par action durant une période de 18 mois. | |||||
| Option d'attribution excédentaire : | Une option fut octroyée à l'agent lui permettant de souscrire à des unités et des unités accréditives, selon les mêmes modalités que l'offre, correspondant à 15 % du nombre d'unités et d'unités accréditives vendues aux termes du placement, pendant une période de 30 jours suivant la clôture du placement. |
La société a confirmé la clôture de l'appel public à l'épargne dans les communiqués de presse des 15 mars 2010 et 5 avril 2012. Le produit brut reçu par la société en vertu de l'appel public à l'épargne est 7 547 721,80 $ (4 619 999 unités au prix de 0,30 $ par unité et 17 604 920 unités accréditives au prix de 0,35 $ par unité accréditive).
_______________________________________
GREAT WESTERN MINERALS GROUP LTD. ("GWG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
Effective at the Open, June 1, 2012, shares of the Company resumed trading, an announcement having been made.
________________________________________
JNR RESOURCES INC. ("JNN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 17, 2012, April 20, 2012 and May 4, 2012:
| Number of Shares: |
6,500,000 Non Flow-through shares 1,750,000 Flow-through shares |
|
||||||||
| Purchase Price: |
$0.10 per Non Flow-through share $0.10 per Flow-through share |
|
||||||||
| Warrants: | 3,250,000 share purchase warrants to purchase 3,250,000 shares | |||||||||
| Warrant Exercise Price: | $0.15 for an 18 month period | |||||||||
| Number of Placees: | 11 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| John Maycock Rodger Gray Jim Murphy |
P P P |
500,000 500,000 200,000 |
||||||||
| Finder's Fee: | Toll Cross Securities $48,000 cash and 480,000 Finder's Warrants payable. | |||||||||
| - Each Finder Warrant is exercisable into one common share at $0.15 for 18 months 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.]
________________________________________
KIVALLIQ ENERGY CORPORATION ("KIV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 7, 2012:
| Number of Shares: |
16,772,900 Flow-through shares 7,124,000 Non Flow-through shares |
|
|||||||
| Purchase Price: |
$0.50 per Flow-through share $0.45 per Non Flow-through share |
|
|||||||
| Number of Placees: | 23 placees | ||||||||
| Insider / Pro Group Participation: | |||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||
| Lumina Capital Limited Partnership Myles Westvik |
Y P |
4,650,000 37,900 |
|||||||
| Finders' Fees: |
Dundee Securities Ltd. $480,135.25 cash and 975,649 Broker Warrants payable plus a $20,000 advisory fee. Versant Partners Inc. $102,886.12 cash and 209,067 Broker Warrants payable. Canaccord Genuity Corp. $68,590.75 cash and 139,378 Broker Warrants payable. National Bank Financial Inc. $34,295.38 cash and 69,689 Broker Warrants payable. |
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.]
________________________________________
MCVICAR INDUSTRIES INC. ("MCV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 1, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Merger Agreement (the "Agreement") dated April 16, 2012, between McVicar Industries Inc. ("McVicar") and Jite Technologies Inc. - a TSX Venture listed company ("Jite"), whereby McVicar, pursuant to a three-cornered amalgamation, has acquired all of the issued and outstanding common shares of Jite not currently held.
The amalgamation follows McVicar's acquisition on April 5, 2012, of 7,517,356 shares (37.45%) of the issued shares of Jite pursuant to a Feb. 28, 2012, takeover bid which increased its holdings in Jite to 18,802,606 shares or 93.67 per cent. As a result of the amalgamation, each outstanding Jite common share, other than those held by McVicar which have been cancelled, have been exchanged for one redeemable preferred share of the amalgamated corporation which has then been redeemed at a redemption price of $0.60 per preferred share. Consequently, the amalgamation effectively completes McVicar's acquisition of 100% of the issued shares of Jite.
For further details, please refer to the Company's news release dated May 31, 2012.
________________________________________
MEGASTAR DEVELOPMENT CORP. ("MDV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 21, 2012:
| Number of Shares: | 11,000,000 shares | |||||||||||
| Purchase Price: | $0.10 per share | |||||||||||
| Warrants: | 11,000,000 share purchase warrants to purchase 11,000,000 shares | |||||||||||
| Warrant Exercise Price: | $0.135 for a two year period | |||||||||||
| Number of Placees: | 24 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P |
# of Shares |
||||||||||
| William Lambert | P | 125,000 | ||||||||||
| Finder's Fee: | $48,250 cash and 482,500 share purchase warrants exercisable at $0.135 for two years payable to Windermere Capital (Canada) Inc. |
|||||||||||
| $26,000 cash and 260,000 share purchase warrants exercisable at $0.135 for two years payable to The Ask Marketing Services Inc. (Alain Beland and Louis Morin). |
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.
________________________________________
MINT TECHNOLOGY CORP. ("MIT")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: June 1, 2011
TSX Venture Tier 2 Company
Further to our bulletin dated July 5, 2011, the Exchange has accepted an amendment to warrants issued pursuant to a private placement of 38,186,120 shares and 38,186,120 share purchase warrants:
| Warrants: | 38,186,120 share purchase warrants | |||||
| Current Warrant Exercise Terms: | $0.15 until May 31, 2013 | |||||
| Amendment: | A total of 15,544,300 warrants were exercised for 15,544,300 additional warrants ("New Warrant"). Each New Warrant will be exercisable for one common share at a price of $0.225 per share for a three year period. | |||||
| A total of 22,641,820 warrants remain unexercised with an exercise price of $0.15 and an expiry date of May 31, 2013. |
________________________________________
NORTHERN ASPECT RESOURCES LTD. ("NTH.P")
BULLETIN TYPE: Halt
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
Effective at 4:44 a.m. PST, June 1, 2012, 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.
________________________________________
SOHO RESOURCES CORP ("SOH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 23, 2012:
| Number of Shares: | 12,500,000 shares | ||||||||
| Purchase Price: | $0.06 per share | ||||||||
| Warrants: | 6,250,000 share purchase warrants to purchase 6,250,000 shares | ||||||||
| Warrant Exercise Price: |
$0.10 for a one year period $0.10 in the second year |
||||||||
| Number of Placees: | 2 placees | ||||||||
| Finder's Fee: |
Jingbin Kang received 600,000 finder's units Pumarol Finance Ltd. Received $5,250 |
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.
________________________________________
TOUCHDOWN RESOURCES INC. ("TDW")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of a Property Option Agreement dated May 10, 2012 between Touchdown Resources Inc. (the 'Company') and 2313649 Ontario Inc. (D. McKinnon), Roy Annett, Jack Tindale and Robin Lowe (collectively, the 'Optionors') whereby the Company may acquire a 100% interest in 3 mineral claims located in the Nursey & Sothman Townships, Porcupine Division, Ontario (known as the Old Timer Property, the 'Property').
The consideration payable to the Optionors consists of the issuance of 500,000 common shares of the Company and work expenditures on the Property in the amount of $300,000 payable in stages over a two year period.
The Optionors will retain a 3% Net Smelter Return Royalty on the Property of which the Company can buy back 2% within 7 years of Exchange approval for $1,000,000.
________________________________________
TOUCHDOWN RESOURCES INC. ("TDW")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 1, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of a Property Option Agreement dated May 8, 2012 between Touchdown Resources Inc. (the 'Company') and 2313649 Ontario Inc. (D. McKinnon) and Pierre Robert (collectively, the 'Optionors') whereby the Company may acquire a 100% interest in 5 mineral claims comprised of 31 claim units (the Weezy Claims, the "Property") located in the Priske Townships, Thunder Bay Mining Division, Ontario.
The consideration payable to the Optionors consists of the issuance of a total of 3,700,000 common shares of the Company and work expenditures on the Property in the amount of $450,000 payable in stages over a three year period.
The Optionors will retain a 3% Net Smelter Return Royalty on the Property of which the Company can buy back 2% within 7 years of Exchange approval for $1,000,000.
________________________________________
Market Information Services at 1-888-873-8392, or email: [email protected]
Share this article