VANCOUVER, June 19, 2012 /CNW/ -
TSX VENTURE COMPANIES:
49 NORTH RESOURCES INC. ("FNR")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: June 19, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Common Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.02 June 30, 2012 June 27, 2012 June 25, 2012 |
________________________________________
ADROIT RESOURCES INC. ("ADT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 19, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 8,806,018 shares at a deemed price of $0.05 per share to settle outstanding debt for $440,400.92.
| Number of Creditors: | 5 Creditors | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Condor Capital Corporation | Y | $395,630.92 | $0.05 | 7,912,618 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
APIC PETROLEUM CORPORATION ("API")
BULLETIN TYPE: Miscellaneous- Amendment to the Articles of Continuance
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders May 24, 2012, the Company has amended its Articles of Continuance under the Canada Business Corporations Act. There is no consolidation of capital and the name of the Company has not been changed.
Effective at the opening, Wednesday, June 20, 2012, the shares of APIC Petroleum Corporation will commence trading on TSX Venture Exchange under the new Canadian CUSIP and ISIN. The Company is classified as an 'On-Line Information Services' company.
| Capitalization: Escrow: |
Unlimited 78,093,914 NIL |
shares with no par value of which shares are issued and outstanding |
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| Transfer Agent: | Computershare Investor Services Inc. | |||||||||
| Trading Symbol: CUSIP Number: |
API 00186V107 |
(UNCHANGED) (new) ISIN: CA00186V1076 |
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BETHPAGE CAPITAL CORP. ("BET")
BULLETIN TYPE: Halt
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
Effective at 4:50 a.m. PST, June 19, 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.
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COBALT COAL LTD. ("CCF")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 8, 2012:
| Convertible Debenture: | $100,000 | ||||||||
| Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at $0.15 per unit | ||||||||
| Maturity date: | Two years from the date of closing. | ||||||||
| Warrants: | Each warrant will have a term of two years from the date of closing and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.20. | ||||||||
| Interest rate: | 12 % | ||||||||
| Number of Placees: | 3 placees |
No Insider / Pro Group Participation
________________________________________
DEER HORN METALS INC. ("DHM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 19, 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 and May 1, 2012:
| Number of Shares: | 3,044,000 shares | ||||||||||||||
| Purchase Price: | $0.10 per share | ||||||||||||||
| Warrants: | 3,044,000 share purchase warrants to purchase 3,044,000 shares | ||||||||||||||
| Warrant Exercise Price: |
$0.14 in the first year $0.17 in the second year |
|
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| Number of Placees: | 14 placees | ||||||||||||||
| Insider / Pro Group Participation: | |||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||
| Docherty Capital Corp. (Tyrone Docherty) Teepy Tang |
Y P |
400,000 30,000 |
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| Finder's Fee: | $10,400 cash payable to PI Financial 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. 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.
________________________________________
DNI METALS INC. ("DNI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 19, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement:
| Number of Shares: | 1,300,000 flow-through common shares | ||||||||||
| Purchase Price: | $0.45 per flow-through common share | ||||||||||
| Number of placees: | 2 placees | ||||||||||
| Finders' Fees: | Sheridan Brothers Limited Partnership and Secutor Holdings Ltd. received an aggregate of $40,950 in cash and 91,000 non-transferable brokers' warrants, each warrant allowing the holder to purchase one common share at an exercise price of $0.45 per share for a period of 12 months following the closing of the Private Placement. |
The Company confirmed the closing of the above-mentioned Private Placement by way of press releases dated May 23, 2012 and May 29, 2012.
DNI METALS INC. (« DNI »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 19 juin 2012
Société du groupe 1 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 :
| Nombre d'actions : | 1 300 000 actions ordinaires accréditives | ||||||
| Prix : | 0,45 $ par action ordinaire accréditive | ||||||
| Nombre de souscripteurs : | 2 souscripteurs | ||||||
| Honoraires d'intermédiation : | Sheridan Brothers Limited Partnership et Secutor Holdings Ltd. ont reçu un total de 40 950 $ en espèces ainsi que 91 000 bons de courtiers non-transférables, chaque bon permettant à son porteur de souscrire à une action ordinaire à un prix d'exercice de 0,45 $ l'action pendant une période de 12 mois suivant la clôture. |
La société a confirmé la clôture du placement privé précité par voie de communiqués de presse datés des 23 mai 2012 et 29 mai 2012.
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DONNER METALS LTD. ("DON")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 24, 2012, as amended February 27, 2012:
| Number of Shares: | 14,750,000 non-flow through shares and 41,071,500 flow through shares | |||||||||
| Purchase Price: | $0.25 per non-flow through share and $0.28 per flow through share | |||||||||
| Warrants: | 7,375,000 share purchase warrants attached to the purchase of non-flow through shares to purchase 7,375,000 shares |
|||||||||
| Warrant Exercise Price: | $0.32 for a two year period | |||||||||
| Number of Placees: | 118 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| Nataly St-Yves Richard Poirier Gary Bogdanovich Kerry Smith Patricia Matusiak Greg McKenzie Don Simpson William O'Hara NCE Diversified Flow-Through (12) LP (Mason Granger) |
P P P P P P P P Y |
20,000 NFT 20,000 NFT 400,000 NFT 300,000 NFT 80,000 NFT 2,320,000 NFT 400,000 FT 200,000 FT 22,573,000 FT |
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| Agent's Fee: | $1,063,126.40 payable to Haywood Securities Inc., with 3,907,505 agent's warrants exercisable at $0.25 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.
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FRONSAC REAL ESTATE INVESTMENT TRUST ("GAZ.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
| Distribution per Unit: Payable Date: Record Date: Ex-Distribution Date: |
$0.00625 July 6, 2012 June 29, 2012 June 27, 2012 |
________________________________________
FRONSAC REAL ESTATE INVESTMENT TRUST ("GAZ.UN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to the arm's length acquisition by Fronsac Real Estate Investment Trust ("Fronsac") of a real estate property located in St-Hubert for a total consideration of $1,950,000.
That acquisition was completed by Société en commandite Fronsac St-Hubert ("SEC St-Hubert"). Mr. Michael Park, real estate agent having acted as intermediary, subscribed for 48,750 units of SEC St-Hubert for a consideration of $48,750 in cash, representing approximately 10% of SEC St-Hubert. Fronsac owns the residual interest of approximately 90% in SEC St-Hubert. The units of SEC St-Hubert subscribed by Mr. Park can be exchanged for units of Fronsac at a minimum conversion price of $0.25 (a maximum of 195,000 units) during a period of five years following their issuance. A finder's fee of $15,000 in cash was paid to Mr. Michael Park.
For further information, please refer to the Company's press releases dated May 7, 2012 and June 14, 2012.
FIDUCIE DE PLACEMENT IMMOBILIER FRONSAC (« GAZ.UN »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 19 juin 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à l'acquisition par Fiducie de placement immobilier Fronsac (« Fronsac ») d'une propriété immobilière située à St-Hubert pour une contrepartie totale de 1 950 000 $.
Cette acquisition a été réalisée par Société en commandite Fronsac St-Hubert (« SEC St-Hubert »). M. Michael Park, agent d'immeuble ayant recherché la propriété immobilière visée, a souscrit 48 750 parts de la SEC St-Hubert pour une contrepartie totale de 48 750 $ en espèces, soit une participation d'environ 10 % dans SEC St-Hubert. Fronsac détient l'intérêt résiduel d'environ 90 % dans SEC St-Hubert. Les parts de SEC St-Hubert souscrites par M. Park pourront être échangées en unités de Fronsac à un prix de conversion minimum de 0,25 $ (soit un maximum de 195 000 unités) pendant une période de cinq ans suivant leur émission. Des honoraires d'intermédiation de 15 000 $ en espèces ont été versés à M. Michael Park.
Veuillez-vous référer aux communiqués de presse émis par la société les 7 mai et 14 juin 2012.
______________________________________
FULL METAL MINERALS LTD. ("FMM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 3, 2012:
| Number of Shares: | 9,677,419 shares | |||||||||||||||||||||||||||||||
| Purchase Price: | $0.155 per share | |||||||||||||||||||||||||||||||
| Number of Placees: | 1 placee | |||||||||||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||||||||||||||||||||||
| Sierra Gorda Investment Company Limited |
Y |
9,677,419 |
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.
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GOLDSTAR MINERALS INC. ("GDM")
BULLETIN TYPE: Resume Trading, Reverse Takeover-Completed, Non-Brokered Private Placement
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
The common shares of the Goldstar Minerals Inc. (the "Company") have been halted from trading since November 17, 2011, pending completion of a Reverse Take-Over.
The TSX Venture Exchange has accepted for filing the Company's Reverse Take-Over ("RTO"), described in its filing statement ("Filing Statement") dated May 30, 2012. The RTO includes the following matters, all of which have been accepted by the Exchange:
1. Reverse Takeover:
The Company entered into an amalgamation agreement (the "Agreement") dated May 2, 2012 between the Company, 2310245 Ontario Inc. (the Company's wholly-owned subsidiary, hereinafter referred to as "Subco"), and Auger Resources Ltd. (a privately held Ontario company, hereinafter referred to as the "Target"), pursuant to which: (i) the Target and Subco will amalgamate to form Amalco; (ii) the Company will issue 41,259,999 common shares to the shareholders of the Target; and (iii) the Company will acquire all of the issued and outstanding Amalco shares. Upon completion of the RTO, Amalco will be a wholly-owned subsidiary of the Company.
Insider / Pro Group Participation: None. At the time the transaction was agreed to, the Company was at arm's length to the Target.
The Exchange has been advised that the above transactions, approved by the majority of shareholders via consent resolutions on June 1, 2012, have been completed.
For further information on the RTO, please read the Company's Filing Statement available on SEDAR.
2. Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 14, 2012:
| Number of Shares: | 5,873,000 shares | |||||
| Purchase Price: | $0.22 per share | |||||
| Number of Placees: | 9 placees | |||||
| Insider / Pro Group Participation: | None | |||||
| Finders' Fees: | None |
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.
3. Resume Trading:
Effective at the opening, Wednesday, June 20, 2012, trading will resume in the securities of the Company.
| Capitalization: Escrow: |
|
Unlimited 57,792,999 12,000,000 2,625,000 |
common shares with no par value of which common shares are issued and outstanding common shares are subject to 36 month staged release escrow requirements common shares are subject to a staged release escrow agreement expiring on June 22, 2014 |
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| Transfer Agent: | Equity Financial Trust Company | |||||||||
| Trading Symbol: CUSIP Number: |
GDM 38153W 10 4 |
(UNCHANGED) (UNCHANGED) |
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| Company Contact: Company Address: Company Phone Number: Company Fax Number: Company Email Address: |
Benoit Moreau Suite 815, 65 Queen Street West Toronto, ON M5H 2M5 (514) 591-8058 (514) 281-5048 bmoreau@forbesmanhattan.com |
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MILL CITY GOLD CORP. ("MC")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an amending agreement dated June 12, 2012 with respect to the Croxall Property between Mill City Gold Corp. (the 'Company') and Temex Resources Corp. ('Temex' - a TSX Venture listed company), whereby the Company has amended its option agreement dated September 21, 2010 that was accepted for filing by TSX Venture Exchange by way of a bulletin dated October 14, 2010. The cash consideration portion of $60,000 has been amended so that the Company is now obligated to pay $45,000, the first year work expenditure commitment of $250,000 has been waived, with the aggregate work expenditure requirement of $750,000 prior to the four anniversaries remaining unchanged. In consideration of these adjustments, the Company will issue Temex an additional 300,000 shares. The Company is now responsible for all cash payments and any advance royalty payments on the property until the formation of a joint venture. All other terms remain unchanged.
To summarize, the total amended consideration consists of $45,000 in cash payments over a two-year period, the issuance of 550,000 shares of the Company by July 12, 2012 (250,000 shares have already been issued), and an aggregate of $750,000 in work expenditures prior to the fourth anniversary of the agreement.
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NEW DESTINY MINING CORP. ("NED")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an option agreement dated May 25, 2012 between New Destiny Mining Corp. (the 'Company') and Unimera Holding Public Limited (Albert Raphael Stutz, Andreas Theophilou, David Kenny, and Theoservices Secretarial Limited (Andreas Theophilou)), whereby the Company will acquire a 100% interest in the North Low, Calumet and St-Aimé properties consisting of an aggregate of 27 mineral claims located in southwestern Quebec.
Total consideration consists of $85,000 in cash payments, 1,200,000 shares of the Company, and $100,000 in work expenditures as follows:
| CASH | SHARES | WORK EXPENDITURES | |||||||||||||||||||||
| Upon execution Upon Exchange approval Six months after approval One year after approval |
$10,000 $50,000 $25,000 $0 |
0 500,000 500,000 200,000 |
$0 $0 $0 $100,000 |
In addition, there is a 2% net smelter return relating to the acquisition. The Company may at any time on or before the commencement of commercial production purchase 1% of the net smelter return for $1,000,000 in order to reduce the total net smelter return to 1%.
In addition, a finder's fee of $30,000 cash is payable to Whaler Capital (Craig Engelsman) to be paid on a pro-rata basis over a one year period.
________________________________________
PROVENTURE INCOME FUND ("PVT.UN")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 19, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has received and accepted for filing documentation respecting the Company's non-arm's length sale of certain real estate assets to Cervus Equipment Corporation for aggregate consideration of $25,900,000, consisting of a cash payment of $14,250,000 and the assumption of mortgages on the real estate assets in the amount of $11,650,000. This disposition is part of a series of transactions intended to permit the Company to re-qualify for the real estate investment trust exemption from the tax rules pertaining to specified investment flow-through units.
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PURE INDUSTRIAL REAL ESTATE TRUST ("AAR.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: June 19, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following distribution(s):
| Distribution per Trust Unit: Payable Date: Record Date: Ex-Distribution Date: |
$0.025 July 16, 2012 June 29, 2012 June 27, 2012 |
________________________________________
STELMINE CANADA LTD. ("STH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 5, 2012:
| Number of Shares: | 2,325,000 shares | ||||||||||||||
| Purchase Price: | $0.10 per share | ||||||||||||||
| Warrants: | 2,325,000 share purchase warrants to purchase 2,325,000 shares | ||||||||||||||
| Warrant Exercise Price: | $0.15 for a one year period | ||||||||||||||
| Number of Placees: | 9 placees | ||||||||||||||
| Insider / Pro Group Participation: | |||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||
| Services Miniers LEMCO Inc. (Michel Lemay) |
Y |
1,175,000 |
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.]
________________________________________
SUSTAINABLE ENERGY TECHNOLOGIES LTD. ("STG")
BULLETIN TYPE: Warrants for Bonuses
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 12,000,000 bonus warrants in consideration of an equity commitment agreement between the Company and a Non-Arms Length Party. The warrants are exercisable for one common share for up to 12 months from date of issuance at a price of (a) $0.10 or (b) $0.05 per share in the event shareholders approve a consolidation of the Company's common shares within 180 days from date of issuance.
| Shares | Warrants | ||||||||||||||||
| DHCT II Luxembourg, S.A.R.L. | 12,000,000 |
For further information please refer to the Company's press release dated May 18, 2012.
________________________________________
TAIPAN RESOURCES INC. ("TPN")
BULLETIN TYPE: Resume Trading, Reverse Takeover-Announced
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
Effective at the open, Wednesday, June 20, 2012, trading in the Company's shares will resume.
Further to the Company's news release dated May 17, 2012, regarding the proposed acquisition of Lion Petroleum Corp., (the 'Reverse Takeover'), subject to completion of its review, Union Securities Ltd. has agreed to act as the Company's Sponsor.
This resumption of trading does not constitute acceptance of the Reverse Takeover, and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The Company is required to submit all of the required initial documentation relating to the Reverse Takeover within 75 days of the issuance of the news release. IF THIS DOCUMENTATION IS NOT PROVIDED, OR IS INSUFFICIENT, A TRADING HALT MAY BE RE-IMPOSED.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and shareholder approval. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.
________________________________________
TEMPLE REAL ESTATE INVESTMENT TRUST ("TR.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: June 19, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following distribution(s):
| Distribution per Trust Unit: Payable Date: Record Date: Ex-Distribution Date: |
$0.04 July 15, 2012 June 30, 2012 June 27, 2012 |
________________________________________
UNITY ENERGY CORP. ("UTY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second (and final) tranche of a Non-Brokered Private Placement announced February 22, 2012; March 28, 2012 and June 15, 2012:
| Number of Shares: | 800,000 shares (of which 200,000 are flow-through shares) | ||||||||||
| Purchase Price: | $0.25 per share | ||||||||||
| Number of Placees: | 2 placees | ||||||||||
| Finder's Fee: | $3,000 payable to Accilent Capital Management Inc. (Toronto). |
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.
________________________________________
VUZIX CORPORATION ("VZX")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Asset Purchase Agreement (the "Agreement"), dated June 15, 2012, between Vuzix Corporation (the "Company") and an arm's length party (the "Purchaser"), whereby the Company has agreed to sell its Tactical Display Group assets, which include manufacturing equipment, tooling and other fixed assets, certain patents and trademarks, and a licence to various trade secrets.
Total consideration received for the sale will be $8,500,000 in cash plus an additional $2,500,000 earn-out provision if certain quarterly and/or annual revenue milestones are reached by the Purchaser within the first year of the Agreement.
For further information, please refer to the Company's news release dated June 18, 2012.
________________________________________
XCITE ENERGY LTD. ("XEL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 19, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 13, 2012:
| Number of Shares: | 2,584,693 shares | ||||||||||
| Purchase Price: | £0.87 (approximately CAD$1.39 per share) | ||||||||||
| Number of Placees: | 1 placee |
No Insider / Pro Group Participation.
No Finder's Fee.
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