VANCOUVER, Aug. 16, 2012 /CNW/ -
TSX VENTURE COMPANIES:
AMERICAN NATURAL ENERGY CORP. ("ANR.U")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 3, 2012:
| Convertible Debenture: | US$3,000,000 | |||||||||
| Conversion Price: | Convertible into 30,000,000 common shares at US$0.10 per share for a 24 month period. | |||||||||
| Maturity date: | 24 months following Issuance of convertible debenture | |||||||||
| Warrants: | 30,000,000 non-transferable detachable warrants that are exercisable into 30,000,000 common shares at $0.23 per share for a two year period. |
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| Interest rate: | 12% per annum | |||||||||
| Number of Placees: | 1 placee | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
Principal Amount |
||||||||
| Palo Verde Acquisition Partners, LLC (Paul A. Ross) |
Y |
$3,000,000 |
The conversion of the debenture and the exercise of the warrants are subject to restriction such that the placee may not convert or exercise that amount of the principal or that number of warrants that would result in the placee holding over 19.9% of the Company's issued and outstanding shares without first obtaining shareholder approval.
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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BLACK PANTHER MINING CORP. ("BPC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 16, 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 June 25, 2012:
| Number of Shares: |
600,000 flow-through shares 400,000 non-flow-through shares |
|
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| Purchase Price: |
$0.05 per flow-through share $0.05 per non-flow-through share |
|
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| Warrants: | 400,000 share purchase warrants to purchase 400,000 shares | |||||||||
| Warrant Exercise Price: | $0.10 for a two year period | |||||||||
| Number of Placees: | 3 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| Peter Besler John Bjervan |
P P |
400,000 200,000 |
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| Finder's Fee: | MGI Securities Inc. will receive a fee of 40,000 Finder's Warrants that are exercisable into 40,000 common shares at $0.10 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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CROWN GOLD CORPORATION ("CWM")
BULLETIN TYPE: Private Placement-Non-Brokered, Amended
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Further to the bulletin dated August 13, 2012, the following amendments have been made to the terms of the Non-Brokered Private Placement announced August 2, 2012:
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| James Fairbairn Donald A. Sheldon Glen Milne |
Y Y P |
235,000 223,333 300,000 |
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| Finder's Fee: | an aggregate of $14,005 is payable to Jennings Capital Inc., Pope & Company Limited, Canaccord Capital and Jones, Gable & Co. Ltd. |
All other terms remain unchanged.
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DRIVEN CAPITAL CORP. ("DVV")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 8:00 a.m., PST, August 16, 2012, shares of the Company resumed trading, an announcement having been made.
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EMGOLD MINING CORPORATION ("EMR")
BULLETIN TYPE: Warrant Term Extension, Warrant Price Amendment
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Warrant Term Extension
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: Original Exercise Price of Warrants: |
12,499,998 September 23, 2012 as to 5,203,856 warrants, and October 14, 2012 as to 7,296,142 warrants September 23, 2013 as to 5,203,856 warrants, and October 14, 2013 as to 7,296,142 warrants $0.35 (see below for price amendment terms) |
These warrants were issued pursuant to a private placement of 12,499,998 shares closed in two tranches with 12,499,998 share purchase warrants attached, which was accepted for filing by the Exchange effective September 23, 2010 with respect to the first tranche and October 13, 2010 with respect to the second tranche.
Warrant Price Amendment
TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants:
Private Placement:
| # of Warrants: Expiry Date of Warrants: Forced Exercise Provision until August 31, 2012: Forced Exercise Provision after August 31, 2012: Original Exercise Price of Warrants: New Exercise Price of Warrants: |
11,764,284 September 23, 2013 as to 4,468,142 warrants, and October 14, 2013 as to 7,296,142 warrants If the closing price for the Company's shares is $0.125 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. If the closing price for the Company's shares is $0.19 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day $0.35 $0.10 until August 31, 2012, $0.15 thereafter |
These warrants were issued pursuant to a private placement of 12,499,998 shares with 12,499,998 share purchase warrants attached, which was accepted for filing by the Exchange effective September 23, 2010 with respect to the first tranche and October 13, 2010 with respect to the second tranche.
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ERIN VENTURES INC. ("EV")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 300,000 shares at deemed price of USD$0.10 to settle outstanding debt for USD$30,000 in regards to an annual payment on August 5, 2009 pursuant to the terms of a letter agreement dated June 26, 2006 between the Company and Triangle Minerals Inc.
| Number of Creditors: | 7 Creditors | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Dennis LaPoint | Y | USD$7,779 | USD$0.10 | 77,790 |
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ERIN VENTURES INC. ("EV")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 330,000 shares at deemed price of USD$0.10 to settle outstanding debt for USD$30,000 in regards to an annual payment on September 21, 2010 pursuant to the terms of a letter agreement dated June 26, 2006 between the Company and Triangle Minerals Inc. and USD$3000 finder's fee to an arms length party.
| Number of Creditors: | 8 Creditors | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Dennis LaPoint | Y | USD$7,779 | USD$0.10 | 77,790 |
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ERIN VENTURES INC. ("EV")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 193,547 shares at deemed price of USD$0.155 to settle outstanding debt for USD$30,000 in regards to an annual payment on October 28, 2011 pursuant to the terms of a letter agreement dated June 26, 2006 between the Company and Triangle Minerals Inc.
| Number of Creditors: | 7 Creditors | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Dennis LaPoint | Y | USD$7,779 | USD$0.155 | 50,187 |
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HARMONY GOLD CORP. ("H")
BULLETIN TYPE: Halt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 5:12 a.m. PST, August 16, 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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HARMONY GOLD CORPORATION ("H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 11:30 a.m., PST, August 16, 2012, shares of the Company resumed trading, an announcement having been made.
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HIGH DESERT GOLD CORP. ("HDG")
BULLETIN TYPE: Halt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 11:51 a.m. PST, August 16, 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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HIGH DESERT GOLD CORP. ("HDG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 12:30 p.m., PST, August 16, 2012, shares of the Company resumed trading, an announcement having been made.
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IROC ENERGY SERVICES CORP. ("ISC")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: August 16, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.025 October 12, 2012 October 5, 2012 October 3, 2012 |
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JIMINEX INC. ("JIM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 4, 2012 and July 19, 2012:
| Number of Shares: | 6,725,000 shares | |||||||||
| Purchase Price: | $0.08 per share | |||||||||
| Warrants: | 3,362,500 share purchase warrants to purchase 3,362,500 shares | |||||||||
| Warrant Exercise Price: | $0.12 for a two year period | |||||||||
| Number of Placees: | 1 placee | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| Canada Bai Heng Group Ltd. (Guoshan Ma / Johnson Suisheng Zhang) |
Y |
6,725,000 |
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| Finder's Fee: | Skyone International Securities Corporation (Zu Sheng, Fuquan Zhong, Jian Zhang and Xiaoning Wei) will receive a finder's fee of $37,660.00 and 470,750 Finder's Warrants that are exercisable into common shares at $0.08 per share to July 18, 2014. |
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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NATAN RESOURCES LTD. ("NRL.P")
BULLETIN TYPE: Halt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 4:58 a.m. PST, August 16, 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.
________________________________________
NATAN RESOURCES LTD. ("NRL.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated August 16, 2012, effective at 12:45 p.m., August 16, 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 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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NEW KLONDIKE EXPLORATION LTD. ("NK")
[formerly United Reef Limited ("URP")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders July 13, 2012, the Company has consolidated its capital on an 8 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening, on Friday, August 17, 2012, the common shares of New Klondike Exploration Ltd. will commence trading on TSX Venture Exchange and the common shares of United Reef Limited will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
| Post - Consolidation Capitalization: Escrow: |
Unlimited 11,142,497 nil |
shares with no par value of which shares are issued and outstanding shares |
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| Transfer Agent: | Equity Financial Trust Company | |||||||||
| Trading Symbol: CUSIP Number: |
NK 646370 10 6 |
(new) (new) |
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PETROSTAR PETROLEUM CORPORATION ("PEP")
BULLETIN TYPE: Halt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 9:45 a.m. PST, August 16, 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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PETROSTAR PETROLEUM CORP. ("PEP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 10:45 a.m., PST, August 16, 2012, shares of the Company resumed trading, an announcement having been made.
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PRECIPITATE GOLD CORP. ("PRG")
BULLETIN TYPE: Halt
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 5:46 a.m. PST, August 16, 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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PRECIPITATE GOLD CORP. ("PRG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at 11:00 a.m., PST, August 16, 2012, shares of the Company resumed trading, an announcement having been made.
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. has accepted for filing the Share Purchase Agreement (the "Agreement") dated July 24, 2012 between Radius Gold Inc. (the "Company"), its subsidiaries Minesa Holdings (Cayman) Inc. ("Minerales"), Geomin Holdings (Cayman) Inc. ("Geomin") (Minesa and Geomin together the "Vendors") and B2Gold Corp. ("B2Gold").
Under the Agreement, B2Gold acquired a 100% interest in the Trebol and El Pavon exploration properties located in Nicaragua which are held by the Vendors. In consideration of the transaction B2Gold issued 4,815,894 common shares to the Vendors.
For further information see the Company's news releases dated April 9, 2012 and August 14, 2012 which are available under the Company's profile on SEDAR.
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RED MOON POTASH INC. ("RMK")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Effective at opening, on Friday, August 17, 2012 the common shares of Red Moon Potash Inc. (Red Moon or the Company) will be listed for trading on TSX Venture Exchange. The Company is classified as a 'mining' company.
Pursuant to a Plan of Arrangement (the Arrangement), as reflected in an Arrangement Agreement dated July 15, 2011, as amended November 30, 2011, and entered into between Vulcan Minerals Inc. (Vulcan), an Exchange listed issuer, and Red Moon, Vulcan will "spin-out" to the Company, Vulcan's 100% interest in the mineral rights in the Bay St. George basin of western Newfoundland (the "Property") where Vulcan currently holds potash and salt deposits. Vulcan will retain a 3% net production royalty.
Consideration for the Property consists of the issuance of 20,499,999 common shares of Red Moon (the Red Moon Shares) to Vulcan at a deemed price of $0.05 per share for deemed consideration of $1,025,000, with 15,000,000 of the Red Moon Shares to be distributed to Vulcan shareholders as a return of capital, such that Vulcan will retain 5,499,999 of these shares.
In conjunction with the Arrangement, Vulcan will subscribe for an aggregate of 15,000,000 Red Moon Shares at a price of $0.05 per share for an aggregate acquisition cost of $750,000.
The Exchange has been advised that the Arrangement, approved by shareholders on August 31, 2011 and reapproved by shareholders on July 25, 2012, has been completed.
| Corporate Jurisdiction: | Alberta | |||||||||
| Capitalization: Escrowed Shares: |
|
Unlimited 35,500,000 21,956,551 |
common shares with no par value of which common shares are issued and outstanding common shares are subject to a Tier 2 Value Escrow Agreement. |
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| Transfer Agent: Trading Symbol: CUSIP Number: |
Computershare Trust Company of Canada RMK 75678U 10 6 |
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For further information, please refer to Vulcan's Management Information Circular dated June 25, 2012, and the Listing Application of Red Moon dated August 15, 2012, all as filed on SEDAR.
| Company Contact: Company Address: Company Phone Number: Company Fax Number: |
Patrick J. Laracy, President 333 Duckworth Street St. John's NL A1C 1G9 (709) 754-3186 (709) 754-3946 |
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RIO GRANDE MINING CORP. ("RGV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Option Agreement dated August 9, 2012 between Rio Grande Mining Corp. (the 'Company') and Spectre Investments Inc. (Michael Townsend) pursuant to which the Company may acquire a 100% interest in three mineral claims covering 880.5 hectares in the New Westminster Mining Division, British Columbia. In consideration, the Company will make cash payments totalling $75,000 and issue a total of 900,000 shares in stages as follows:
| CASH | SHARES | |||||||||||||||||
| Upon Exchange Approval First Anniversary Second Anniversary |
$25,000 $25,000 $25,000 |
300,000 300,000 300,000 |
The property is subject to a 2% net smelter return royalty.
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SLAM EXPLORATION LTD. ("SXL")
BULLETIN TYPE: Consolidation, Correction
BULLETIN DATE: August 16, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated August 14, 2012, the Company Name should have read as follows:
SLAM EXPLORATION LTD. ("SXL")
All other terms are unchanged.
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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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