VANCOUVER, June 22, 2012 /CNW/ -
TSX VENTURE COMPANIES:
ADMIRAL BAY RESOURCES INC. ("ADB")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Remain Suspended
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a Purchase and Sale Agreement between Admiral Bay Resources Inc.'s subsidiary, Admiral Bay USA Incorporated ("Admiral USA") and Running Foxes Petroleum, Inc. ("Running Foxes") dated February 16, 2012. Under the Purchase and Sale Agreement Admiral USA has agreed to sell its interest in assets related to the southeast Kansas oil production in the Devon Field to Running Foxes for US$127,085.30 in cash.
| Insider / Pro Group Participation: | Steven Tedesco is the CEO and a director of Admiral Bay Resources Inc. and the sole shareholder and officer of Running Foxes. | |||||
For further information, see the Company's news release of February 16, 2012 which is available under the Company's profile on SEDAR.
Trading in the shares of the Company will remain suspended.
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ALGAE BIOSCIENCES CORPORATION ("ABV")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and accepted the change of the Filing and Regional Office from Vancouver, British Columbia to Calgary, Alberta.
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ASHBURTON VENTURES INC. ("ABR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to Members' Preliminary Agreement dated effective March 21, 2012 between Bronco Creek Exploration Inc. ('Bronco') and Richmond Mountain LLC, a wholly-owned subsidiary of Bronco and the Company whereby the Company has been granted an option to acquire a 70% membership interest in the Richmond Mountain gold property that is located in the Eureka Mining District, Nevada. Consideration is USD$935,000 (payable over a six year period), 3,400,000 common shares (payable over a seven year period subject to certain conditions) and USD$4,600,000 in exploration expenditures (over a seven year period). Upon completion of the payments, Bronco has the right to elect to maintain or increase the Company's membership interest. If the increase is to 100%, then the property is subject to a 3.5% Net Smelter Return Royalty ('NSR') if the price of gold is less than $800 per troy ounce and 5% NSR if the price of gold is greater than $800 but less than $1,400 per troy ounce and 6% NSR if the price of gold is greater than $1,400 per troy ounce. All other metals and minerals produced and sold from the Property will be subject to a 2.5% NSR.
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AVEDA TRANSPORTATION AND ENERGY SERVICES INC. ("AVE")
[formerly Phoenix Oilfield Hauling Inc. ("PHN")]
BULLETIN TYPE: Name Change
BULLETIN DATE: June 22, 2012
TSX Venture Tier 1 Company
Pursuant to a resolution passed by shareholders on May 23, 2012, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, on Monday, June 25, 2012, the common shares of Aveda Transportation and Energy Services Inc. will commence trading on TSX Venture Exchange, and the common shares of Phoenix Oilfield Hauling Inc. will be delisted. The Company is classified as a 'Support Activities for Oil and Gas Operations' company.
| Capitalization: Escrow: |
unlimited 9,963,470 Nil |
shares with no par value of which shares are issued and outstanding |
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| Transfer Agent: | Olympia Trust Company | |||||||||
| Trading Symbol: CUSIP Number: |
AVE 05354V102 |
(new) (new) |
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CANADIAN INTERNATIONAL MINERALS INC. ("CIN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 11, 2012:
Second Tranche:
| Number of Shares: | 260,000 non flow-through shares | ||||||||
| Purchase Price: | $0.05 per non flow-through share | ||||||||
| Warrants: | 260,000 share purchase warrants to purchase 260,000 shares | ||||||||
| Warrant Exercise Price: |
$0.10 in the first year $0.15 in the second year |
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| 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.
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CROWN POINT VENTURES LTD ("CWV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing an arrangement agreement between Crown Point Ventures Ltd. (the "Company") and Antrim Energy Inc. ("Antrim") dated March 23, 2012 (the "Arrangement Agreement") pursuant to which the Company acquired a 100% equity interest Antrim's wholly-owned subsidiary, Antrim Argentina, S.A. ("Antrim Argentina").
The principal assets of Antrim Argentina are three oil and gas focused producing concessions in the Tierra del Fuego portion of the Argentine Austral basin and an operated 50.1% interest in the Cerro de Los Leones Exploration Concession (the Company already holds a 49.9% interest). The acquisition was effected by statutory plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").
Under the terms of the Agreement, Antrim received a cash payment of CDN$9.25 million and 35,761,307 common shares of the Company.
For further information, see the Company's news releases dated March 26, 2012 and May 28, 2012 which are available under the Company's profile on SEDAR.
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CVC CAYMAN VENTURES CORP. ("CKV")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
Effective at the Opening, on Monday, June 25, 2012, shares of the Company will resume trading. The Company has advised that the proposed transaction with Nyce Networks Inc. has been terminated.
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FIRST BAUXITE CORPORATION ("FBX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 23, 2012:
| Number of Shares: | 22,641,510 shares | |||||||||||
| Purchase Price: | $0.53 per share | |||||||||||
| Warrants: | 11,320,755 share purchase warrants to purchase 11,320,755 shares | |||||||||||
| Warrant Exercise Price: | $0.75 for a three year period | |||||||||||
| Number of Placees: | 4 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
| Resource Capital Fund V L.P. Pacific Road Holdings NV |
Y Y |
11,320,755 9,072,453 |
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| Finders' Fees: |
$210,000 cash payable to Pacific Road Capital Management Pty Limited RCF Management LLC will receive 396,227 shares and 198,113 warrants. |
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| - These warrants will have the same terms as the Private Placement warrants. |
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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GOLCONDA RESOURCES LTD. ("GA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 27, 2012:
| Convertible Debenture: | $200,000 | |||||||
| Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at $0.10 per unit. | |||||||
| Maturity date: | Two years from the date of issuance. | |||||||
| Warrants: | Each warrant will have a term of two years from the date of issuance and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.10. |
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| Interest rate: | 13% | |||||||
| Number of Placees: | 2 placees | |||||||
| Insider / Pro Group Participation: | ||||||||
| Name |
Insider=Y / ProGroup=P / |
Principal Amount |
||||||
| First "M" Investments Ltd. (Roland Mullen) |
Y |
$100,000 |
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LED MEDICAL DIAGNOSTICS INC. ("LMD")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
| # of Warrants: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
1,430,000 January 9, 2012 amended to July 9, 2012 January 9, 2013 $0.65 |
These warrants were issued pursuant to a private placement of 1,430,000 shares with 1,430,000 share purchase warrants attached, which was completed while the Company was a private issuer.
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MARITIME RESOURCES CORP. ("MAE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche a Non-Brokered Private Placement announced May 15, 2012:
| Number of Shares: | 425,000 flow-through shares | |||||||||||
| Purchase Price: | $0.20 per flow-through share | |||||||||||
| Warrants: | 425,000 share purchase warrants to purchase 425,000 shares | |||||||||||
| Warrant Exercise Price: | $0.25 for an eighteen month period | |||||||||||
| Number of Placees: | 4 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P |
# of Shares |
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| Bernard H. Kahlert | Y | 25,000 | ||||||||||
| Finders' Fees: | $300 and 1,500 finder's warrants exercisable at $0.25 for an eighteen month period payable to Leede Financial Markets Inc. |
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| $4,500 and 22,500 finder's warrants (same terms as above) payable to Canaccord Genuity 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.
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NORTHERN SUPERIOR RESOURCES INC. ("SUP")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 22, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing an option agreement dated June 5, 2012 between Northern Superior Resources Inc. (the 'Company') and Murgor Resources Inc. (a TSX Venture listed company) ('Murgor'), whereby the Company will acquire a 70% interest in the Waconichi gold property comprised of 316 mineral claims and covering approximately 17,226 hectares located 10 kilometers northwest of Chibougamau, Quebec.
Total consideration consists of $140,000 in cash payments, 1,000,000 shares of the Company, and $1,250,000 in work expenditures as follows:
| CASH | SHARES | WORK EXPENDITURES | ||||||||||||||||
| On signing 15 days after Exchange approval Year 1 Year 2 Year 3 |
$30,000 $0 $30,000 $30,000 $50,000 |
0 200,000 200,000 300,000 300,000 |
$0 $0 $300,000 $350,000 $600,000 |
There is a pre-existing 2% net smelter return relating to seven of the claims under the acquisition which will remain the sole obligation of Murgor.
In addition, if either party's joint venture interest is diluted below 10%, that party's interest will automatically convert to a 2% net smelter return, and the other party will have an option to buy-back 1% of that net smelter return and a right of first refusal on the remaining 1%.
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PROPHECY PLATINUM CORP. ("NKL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 22, 2012
TSX Venture Tier 1 Company
Effective at the open, June 22, 2012, shares of the Company resumed trading, an announcement having been made.
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ROGUE IRON ORE CORP. ("RRS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced May 16, 2012 and June 11, 2012:
| Number of Shares: |
2,116,667 non-flow through shares 1,228,329 flow through shares |
|
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| Purchase Price: |
$0.12 per non-flow through share $0.15 per flow through share |
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| Warrants: | 3,344,996 share purchase warrants to purchase 1,672,498 shares | |||||||||||
| Warrant Exercise Price: | $0.20 for a 18 month period | |||||||||||
| Number of Placees: | 23 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
| Frank Durant Anthony Comi Vasilis Mantzoutsos William R. Brown Diana Mark |
Y P P Y Y |
37,500 nft 150,000 nft 100,000 nft 600,000 nft 25,000 nft |
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| Finders' Fees: |
Macquarie Private Wealth Inc. receives $2,484.99 and 16,567 non-transferable warrants. Secutor Holdings Inc. receives $3,499.97 and 11,667 non-transferable warrants. Accilent Capital Management Inc. receives 11,666 non-transferable warrants. NBCN Inc. receives $16,537.50 and 127,750 non-transferable warrants. Mackie Research and 180,775 non-transferable warrants. |
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| * Each warrant is exercisable for one share at a price of $0.15 per share for a two year period. |
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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SOLIMAR ENERGY LIMITED ("SXS")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,343,967 shares at a deemed price of $0.0518 in lieu of cash for interest payments on convertible debentures.
| Number of Creditors: | 23 Creditors | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Bruce Mcdonald | P | $3,729.51 | $0.0518 | 71,998 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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SQI DIAGNOSTICS INC. ("SQD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement (2nd tranche) announced May 10, 2012:
| Number of Shares: | 274,600 shares | ||||||||
| Purchase Price: | $1.75 per share | ||||||||
| Warrants: | 274,600 share purchase warrants to purchase 274,600 shares | ||||||||
| Warrant Exercise Price: | $2.50 for a two year period | ||||||||
| Number of Placees: | 1 placee | ||||||||
| Finder's Fee: | An aggregate of $28,833 in cash and 16,476 finders' warrants payable to Kingsdale Capital Markets Inc. Each finder's warrant entitles the holder to acquire one common share at $1.75 for a two year period. |
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.
For further details, please refer to the Company's news release dated June 20, 2012.
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TRELAWNEY MINING AND EXPLORATION INC. ("TRR")
BULLETIN TYPE: Delist
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
Effective at the close of business, Friday, June 22, 2012, the common shares of Trelawney Mining and Exploration Inc. (the "Company) will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from a court approved plan of arrangement (the "Arrangement") effected June 21, 2012 and carried out pursuant to an arrangement agreement dated April 27, 2012 entered into among the Company, IAMGOLD Corporation ("IAMGOLD") - a TSX listed company - and 2324010 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of IAMGOLD, whereby the Purchaser shall acquire 100% of the Company's issued and outstanding common shares. Under the terms of the Arrangement, shareholders of the Company shall receive $3.30 in cash in exchange for each common share held.
For further information, please refer to the Company's Information Circular dated May 15, 2012 and its news releases dated April 27, 2012 and June 15, 2012.
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UNISERVE COMMUNICATIONS CORPORATION ("USS")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: June 22, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,200,000 bonus warrants to 369 Terminal Holdings Ltd. (Michael Scholz, the "Lender") in consideration of a Loan Agreement dated May 28, 2012 between the Company and the Lender. The Loan is in the amount of $360,000 having a maturity date of November 29, 2013 and bearing interest at 15% per annum. The warrants have a one year term and are exercisable at $0.10 per share.
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UNISERVE COMMUNICATIONS CORPORATION ("USS")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 22, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,190,710 shares to settle outstanding debt for $161,143.
| Number of Creditors: | 6 Creditors | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Michael Schmidt Bruce Sanderson Chris Convey |
Y Y Y |
$61,333 $41212 $13,679 |
$0.10 $0.10 $0.10 |
453,198 304,519 101,076 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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WHITEKNIGHT ACQUISITIONS II INC. ("WKN.P")
BULLETIN TYPE: Remain Halted - Qualifying Transaction
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated June 12, 2012, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to TSXV Listings Policy 2.4.
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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ZAIO CORPORATION ("ZAO")
BULLETIN TYPE: New Listing-Shares, Consolidation
BULLETIN DATE: June 22, 2012
TSX Venture Tier 2 Company
Effective at the opening, Monday, June 25, 2012, the shares of Zaio Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an "Information Services" company.
In connection with the listing and pursuant to a special resolution passed by shareholders in a shareholders meeting on December 1, 2011, the Company has consolidated its capital on a 4 old for 1 new basis. The name of the Company has not been changed.
| Post - Consolidation Corporate Jurisdiction: |
Canada |
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| Capitalization: Escrow |
Unlimited 32,536,033 0 |
number of common shares with no par value of which shares are issued and outstanding shares are subject to escrow |
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| Transfer Agent: Trading Symbol: CUSIP Number: |
Olympia Trust Company ZAO 98886B207 |
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For further information, please refer to the Company's Listing Application dated June 13, 2012 available at www.sedar.com
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Market Information Services at 1-888-873-8392, or email: [email protected]
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