TSX Venture Exchange Daily Bulletins
Aug 03, 2012, 17:24 ET
VANCOUVER, Aug. 3, 2012 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: August 3, 2012
TSX Venture Company
A Temporary Cease Trade Order has been issued by the Ontario Securities Commission on August 3, 2012 against the following company for failing to file the documents indicated within the required time period:
| Symbol | Tier | Company | Failure to File | Period |
| Ending | ||||
| (Y/M/D) | ||||
| V | 2 | Valucap Investments Inc. | Audited annual financial statements | 12/03/31 |
| Management's discussion and analysis | ||||
| Relating to the audited annual financial | ||||
| Statements | 12/03/31 | |||
| Certification of the foregoing filings as | ||||
| Required by National Instrument 52-109 | ||||
| Certification of Disclosure in Issuers' | ||||
| Annual and Interim Filings. | ||||
Upon revocation of the Temporary Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
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49 NORTH RESOURCES INC. ("FNR")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 3, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Farm-In Agreement (the "Agreement") effective July 24, 2012, between the Company and Westcore Energy Inc. ("Westcore"), whereby the Company has granted the Westcore the right to earn up to a 60% working interest in certain wells to be drilled on the Company's Riverside lands, located near Leader, Saskatchewan.
To earn a 60% working interest in the subject wells, Westcore shall have completed a 3D seismic survey program with an aggregate maximum cost of $1,000,000.
For further details, please refer to the Company's news release dated July 25, 2012.
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ACME CAPITAL CORPORATION ("AMN.P")
BULLETIN TYPE: Remain Halted - Qualifying Transaction
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated July 27, 2012, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation pursuant to TSXV Policy 2.4 regarding a Qualifying Transaction.
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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ALTAN RIO MINERALS LIMITED ("AMO")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with the Company's completion of the earn-in with respect to the 90% ownership in the Onon Gold Property that is located in Mongolia. The original Option Agreement between the Company and Erdenyn Erel LLC dated November 13, 2008 was amended May 19, 2009, October 20, 2010, May 23, 2011 and May 23, 2012 whereby the Company can acquire a 90% beneficial interest. The final share payment of 240,000 common shares is in lieu of the final payment of US$60,000 to earn the interest.
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ARCO RESOURCES CORP. ("ARR")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: August 3, 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: | 5,500,000 | ||
| Original Expiry Date of Warrants: | August 3, 2012 | ||
| New Expiry Date of Warrants: | February 3, 2012 | ||
| Exercise Price of Warrants: | $0.10 | ||
These warrants were issued pursuant to a private placement of 5,500,000 shares with 5,500,000 share purchase warrants attached, which was accepted for filing by the Exchange effective July 30, 2010.
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BLUEROCK VENTURES CORP. ("BCR.P")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: August 3, 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 Calgary, Alberta to Vancouver, British Columbia.
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BOWOOD ENERGY INC. ("BWD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to the Asset Purchase and Sale and Investment Agreement (the "Agreement") between the Company and Legacy Oil + Gas Inc. ("Legacy"), a TSX listed company, whereby the Company will acquire 68,581 net acres of Legacy's undeveloped land in southern Alberta, excluding assets in the greater Turner Valley area (the "Acquisition"). In consideration, the Company will issue 200,000,000 common shares at a deemed price of $0.12 per share.
Insider / Pro Group Participation:
| Insider=Y / | |||
| Name | ProGroup=P | # of Shares | |
| Legacy Oil + Gas Inc. | Y | 200,000,000 | |
For further information, please refer to the Company's press releases dated May 14 and July 5, 2012.
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GEOMEGA RESOURCES INC. ("GMA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted the Company's notice for filing in connection with an arm's length option agreement (the "Option Agreement") dated April 9, 2012. The Option Agreement provides for the grant to the Company of an option to earn a 100 % undivided interest in 15 mining claims on the Oriana property located in the province of Quebec.
In order to acquire a 100% interest in the above-mentioned 15 mining claims, the Company will have to make aggregate payments of $150,000 and to issue shares with an aggregate value of $150,000 on or before the third anniversary date to the vendors as follows: (a) $25,000 in cash upon signing the Option Agreement and 40,000 common shares within 5 days of the Exchange approval in connection with the Option Agreement (the "Exchange Approval"); (b) Before the first anniversary date of the Exchange approval: $25,000 in cash and $25,000 in common shares (subject to prior Exchange's acceptance of the number of shares); (c) Before the second anniversary date of the Exchange approval: $50,000 in cash and $50,000 in common shares (subject to prior Exchange's acceptance of the number of shares); and (d) Before the third anniversary date of the Exchange approval: $50,000 in cash and $50,000 in common shares (subject to prior Exchange's acceptance of the number of shares).
The vendors shall be entitled to a 2% royalty on net smelter return from production from the 15 claims. The Company may at any time purchase 50% of the royalty from the vendors for $1,000,000.
For further information, please refer to the Company's press release dated June 18, 2012.
RESSOURCES GEOMEGA INC. (« GMA »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 3 août 2012
Société du groupe 2 de TSX croissance
Bourse de croissance TSX (la « Bourse ») a accepté le dépôt de documents relativement à une convention d'option (la « convention d'option ») datée du 9 avril 2012 entre la société et des personnes sans lien de dépendance avec la société. La convention d'options prévoit l'octroi à la société d'une option d'acquérir un intérêt de 100 % dans 15 claims miniers sur la propriété Oriana située dans la province de Québec.
Afin d'acquérir 100 % des 15 claims miniers indiqués ci-dessus, la société devra effectuer des paiements globaux de 150 000 $ et en émettant des actions ordinaires d'une valeur globale de 150 000 $ le ou avant le troisième anniversaire aux Vendeurs comme suit : (a) 25 000 $ comptant à la signature de la convention d'option et 40 000 actions ordinaires dans les 5 jours suivant l'approbation de la Bourse relativement à la convention d'option (« l'approbation de la Bourse »); (b) le ou avant le premier anniversaire de l'approbation de la Bourse : 25 000 $ comptant et 25 000 $ en valeur d'actions ordinaires (sous réserve de l'approbation préalable de la Bourse du nombre d'actions); (c) le ou avant le deuxième anniversaire de l'approbation de la Bourse : 50 000 $ comptant et 50 000 $ en valeur d'actions ordinaires (sous réserve de l'approbation préalable de la Bourse du nombre d'actions); et (d) le ou avant le troisième anniversaire de l'approbation de la Bourse : 50 000 $ comptant et 50 000 $ en valeur d'actions ordinaires (sous réserve de l'approbation préalable de la Bourse du nombre d'actions).
Les vendeurs auront droit à une redevance de 2 % sur le rendement net de fonderie sur les 15 claims miniers. La société peut racheter en tout temps 50 % de la redevance en versant aux vendeurs 1 000 000 $ comptant.
Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 18 juin 2012.
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GREAT PACIFIC INTERNATIONAL INC. ("GPI")
BULLETIN TYPE: Halt
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
Effective at 4:45 a.m. PST, August 3, 2012, trading in the shares of the Company was halted pending clarification of Company affairs; 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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HIGHPOINTE EXPLORATION INC. ("HIP")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,300,000 shares to settle outstanding debt for $165,000.
Number of Creditors: 3 Creditors
The Company shall issue a news release when the shares are issued and the debt extinguished.
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LOGAN COPPER INC. ("LC")
BULLETIN TYPE: Halt
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
Effective at 4:45 a.m. PST, August 3, 2012, trading in the shares of the Company was halted pending clarification of Company affairs; 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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METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposed issuance of 30,000 shares at a deemed price of $0.25 per share, in consideration of certain services provided to the Company for the quarter ending July 31, 2012, pursuant to an Amended Deferred Share Unit Plan for Glenn Nolan dated March 13, 2009 and effective November 14, 2008.
The Company shall issue a news release when the shares are issued.
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METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposed issuance of 30,000 shares at a deemed price of $0.25 per share, in consideration of certain services provided to the Company for the quarter ending July 31, 2012, pursuant to an Amended Deferred Share Unit Plan for Deferred Share Unit Plan for Lorie Waisberg dated March 13, 2009 and effective May 1, 2004.
The Company shall issue a news release when the shares are issued.
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NEW CAROLIN GOLD CORP. ("LAD")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 15, 2012:
| Convertible Debenture | $415,000 |
| Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at $0.10 of principal outstanding. |
| Maturity date: | One year. |
| Warrants | Each warrant will have a term of one year from the date of issuance of the warrant and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.12. |
| Interest rate: | 8% |
| Number of Placees: | 18 placees |
| Finders' Fees: | $1,500 cash payable to Peak Producers (Chris Hilliard). |
| $32,000 cash payable to Rolar Consulting Inc. (Robert Lunde). | |
| $1,000 cash payable to David Anderson. | |
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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PARAGON MINERALS CORPORATION ("PGR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 31, 2012:
| Number of Shares: | 7,000,000 shares | |
| Purchase Price: | $0.07 per share | |
| Number of Placees: | 1 placee | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Canadian Zinc Corporation | Y | 7,000,000 |
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.
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PROPHECY PLATINUM CORP. ("NKL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 3, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 25, 2012, as amended July 31, 2012:
| Number of Shares: | 5,067,208 non flow-through shares and 807,655 flow-through shares |
| Purchase Price: | $1.20 per non flow-through share and $1.45 per flow-through share |
| Warrants: | 2,533,604 share purchase warrants attached to non flow-through shares to purchase 2,533,604 shares |
| Warrant Exercise Price: | $1.50 for a one year period, subject to an accelerated expiry |
| $2.00 in the second year, subject to an accelerated expiry | |
| Number of Placees: | 30 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Robert Bruggerman | P | 20,000 NFT |
| Stature Inc. (Vic Alboini) | P | 166,667 NFT |
| Bryan Paul | P | 3,000 FT |
| Jaguar Financial Corporation | P | 250,000 NFT |
| Finders' Fees: | $289,321.54 payable to Northern Securities Inc. |
| $3,900 payable to Scarsdale Equities LLC | |
| $14,244.67 payable to Omega Capital Partners Inc. (Farhan Lalani) | |
| $1,560 payable to Canaccord Capital Corp. | |
| $780 payable to Haywood Securities Inc. | |
| $156,000 payable to Global Market Development LLC (Jeff Phillips) | |
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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QUARTZ MOUNTAIN RESOURCES LTD. ("QZM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a mineral property purchase agreement dated July 27 (the 'Agreement'), 2012 between the Company and Crucible Resources Ltd., Michael Rowley and Douglas Dale Warkentin (collectively the 'Vendors'). Pursuant to the terms of the Agreement, the Company will acquire the Hotailuh Slope Mineral Claims in British Columbia (the 'Property'). By way of consideration the Company will pay to the Vendors a total of $55,000 in cash and a further $55,000 payable in either shares or cash over a three year period. The deemed value of shares to be issued will be $0.2625. The Property will be subject to a 2% NSR in favour of the Vendors, and the Company will maintain a buy-back option for 1% of the NSR for $1,000,000.
Please refer to the Company's news release dated July 30, 2012 for further information.
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SAN MARCO RESOURCES INC. ("SMN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 20, 2012:
| Number of Shares: | 7,260,000 shares |
| Purchase Price: | $0.10 per share |
| Warrants: | 7,260,000 share purchase warrants to purchase 7,260,000 shares |
| Warrant Exercise Price: | $0.20 for a two year period. The warrants have an acceleration provision such that the expiry date of the warrants can be reduced to 30 calendar days after notice thereof if the closing price of the common shares exceeds $0.40 for 20 consecutive trading days after the expiry of the four month hold period. |
| Number of Placees: | 34 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| R. Stuart Angus | Y | 2,000,000 |
| Robert Willis | Y | 100,000 |
| Jeffrey Willis | P | 50,000 |
| Thomas W. Seltzer | P | 150,000 |
| Simon Dyakowski | P | 100,000 |
| Scott Hunter | P | 400,000 |
| Andrew Williams | P | 250,000 |
| Ian Kirk | P | 100,000 |
| Batell Investments Ltd. (Ken Bates, David Elliott) | P | 100,000 |
| David Elliott | P | 225,000 |
| Finders' Fees: | Haywood Securities Inc. receives $21,360 and 9,000 shares. |
| Leede Financial Markets Inc. receives $2,400. | |
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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STATESMAN RESOURCES LTD. ("SRR")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders on July 17, 2011, the Company has consolidated its capital on a 4 old for 1 new basis. The name of the Company has not been changed.
Effective at the opening, Tuesday, August 7, 2012, the common shares of Statesman Resources Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Junior Natural Resource Company, Oil & Gas' company.
| Post - Consolidation | |||
| Capitalization: | unlimited | shares with no par value of which | |
| 9,515,307 | shares are issued and outstanding | ||
| Escrow | nil | shares are subject to escrow | |
| Transfer Agent: | Computershare Trust Company of Canada | ||
| Trading Symbol: | SRR | (UNCHANGED) | |
| CUSIP Number: | 857652 20 0 | (new) | |
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UNILENS VISION INC. ("UVI")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
The Issuer has declared the following dividend:
| Dividend per Common Share: | US$0.045 (regular cash dividend) | |
| Payable Date: | August 24, 2012 | |
| Record Date: | August 13, 2012 | |
| Ex-Dividend Date: | August 9, 2012 |
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WB II ACQUISITION CORP. ("WXB.P")
BULLETIN TYPE: Halt
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
Effective at 5:48 a.m. PST, August 3, 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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WB II ACQUISITION CORP. ("WXB.P")
BULLETIN TYPE: Remain Halted - Reverse Takeover
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated August 3, 2012, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation pursuant to TSXV Policy 5.2 regarding a Reverse Takeover.
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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WESCAN GOLDFIELDS INC. ("WGF")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 3, 2012
TSX Venture Tier 1 Company
Pursuant to a special resolution passed by shareholders June 20, 2012, the Company has consolidated its capital on a 10 old for 1 new basis and has subsequently increased its authorized capital. The name of the Company has not been changed.
Effective at the opening, Tuesday, August 7, 2012, the common shares of Wescan Goldfields Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration/Development' company.
| Post - Consolidation | ||||
| Capitalization: | Unlimited | shares with no par value of which | ||
| 12,673,784 | shares are issued and outstanding | |||
| Escrow | None | shares are subject to escrow | ||
| Transfer Agent: | Valiant Trust Company | |||
| Trading Symbol: | WGF | (UNCHANGED) | ||
| CUSIP Number: | 95081V202 | (new) | ||
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WESTCORE ENERGY LTD. ("WTR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to the Farm-In Agreement (the "Agreement") between the Company and Allstar Energy Limited ("Allstar"), a Non-Arms Length Party, whereby the Company will spend up to $1 million on a seismic program on Allstar's Riverside Lands located near the town of Leader in Western Saskatchewan (the "Property"). Upon completion of the seismic program, the Company will earn a 60% working interest in certain wells drilled on the Properties. The Company has also been granted an ongoing right of first refusal to participate in additional wells on the Properties, whereby the Company will fund 100% of drilling operations for a further 60% working interest in such wells.
For further information please refer to the Company's press release dated July 25, 2012
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NEX COMPANY:
PACIFIC IMPERIAL MINES INC. ("PPM.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 3, 2012
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 21, 2012:
| Number of Shares: | 2,000,000 shares |
| Purchase Price: | $0.10 per share |
| Number of Placees: | 19 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| H. Leo King | Y | 50,000 |
| Shklanka Holdings Ltd. (Roman Shklanka) | Y | 220,000 |
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.
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SOURCE: TSX Venture Exchange
For further information:
Market Information Services at 1-888-873-8392, or email: information@venture.com
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