TSX Venture Exchange Daily Bulletins

VANCOUVER, Aug. 17, 2012 /CNW/ -

TSX VENTURE COMPANIES:

BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: August 17, 2012
Re:  Private Placements - Temporary Relief from Certain Pricing Requirements

TSX Venture Exchange ("TSXV" or the "Exchange") is mindful of the current market environment faced by many of its listed issuers and the effect that this is having on both their ability to complete financings and, correspondingly, their ability to maintain and preserve their existing operations, activities and assets.

In order to facilitate the ability of Issuers to complete financings, specifically those Issuers subject to immediate or imminent financial hardship, the Exchange will, on a temporary basis and subject to compliance with the conditions referenced in this bulletin, be granting relief from certain existing pricing requirements related to Private Placement financings.  These temporary measures (the "Relief Measures") will be effective as of the date of this bulletin and continue until December 31, 2012 (the "Temporary Relief Period").

Capitalized terms not specifically defined in this bulletin shall have the meaning ascribed thereto in Policy 1.1 - Interpretation of the TSXV Corporate Finance Manual.

RELIEF MEASURES

1. Share/Unit Offering Price Below $0.05 and Debenture Conversion Price Below $0.10

TSXV policies require that:

• the offering price for a Private Placement of shares (or units of which common shares form a part) be not less than the applicable Discounted Market Price, subject to a minimum price per share of $0.05; and
  
  
• the conversion price of convertible debentures issued under a Private Placement be not less than the applicable Market Price, subject to a minimum conversion price per share of $0.10.

TSXV acknowledges that: (a) for Issuers whose shares are trading below $0.05, the $0.05 minimum offering price rule may create difficulties in completing a financing without first effecting a share consolidation; and (b) the time necessary to effect a share consolidation may potentially preclude an Issuer subject to immediate or imminent financial hardship from completing an available financing opportunity.

In light of the foregoing, during the Temporary Relief Period, subject to compliance with the following conditions (in addition to such other requirements set out below under Procedural Matters), an Issuer may conduct a Private Placement involving the issuance of: (1) common shares (or units of which common shares form a part) having an offering price of less than $0.05 per share; or (2) convertible debentures having a conversion price per share of less than $0.10:

(a)			Share/Unit Offering - Minimum Offering Price (No Discount to Market):  In the case of a Private Placement of common shares (or units of which common shares form a part), the offering price per share (or unit) must not be less than the last closing price of the Issuer's common shares before the issuance of the news release announcing the Private Placement (i.e. the offering price may not be at a discount to such closing price).
(b)			Convertible Debenture Offering - Minimum  Conversion Price and Limited Term:  In the case of a Private Placement of convertible debentures:
			i.	The conversion price per share must not be less than the last closing price of the Issuer's common shares before the issuance of the news release announcing the Private Placement, subject to a minimum conversion price of $0.05 per share.
			ii.	TSXV will permit a conversion price of less than $0.10 only for the first 12 months following closing of the Private Placement.  At the end of such 12 month period, the conversion price of any unconverted debentures must automatically increase to a minimum of $0.10 for the remainder of the term of the debenture.
(c)			Financial Hardship/Use of Proceeds:  The Issuer must demonstrate to the satisfaction of TSXV that it is subject to immediate or imminent financial hardship and that it does not have the time or resources to complete a share consolidation prior to closing the Private Placement.  (NOTE:  In the absence of being able to demonstrate this, TSXV would expect the Issuer to complete a share consolidation and subsequently conduct a Private Placement with an offering price of not less than $0.05 in accordance with existing policy requirements and not in reliance upon the Relief Measures.) In this regard, the Issuer must comply with the following requirements:
			i.	Financial Information: The Issuer must provide TSXV with the following information and documentation in satisfactory form as a condition precedent to TSXV providing its conditional acceptance to the Private Placement:
				(1)	A detailed description of the events and factors which led to and contributed to the Issuer being subject to immediate or imminent financial hardship and whether such information has previously been publicly disclosed.
				(2)	A detailed description of alternatives considered by management to improve the Issuer's financial situation.
				(3)	An itemized breakdown of the use of proceeds of the Private Placement including the required timing for each stated use.  (NOTE:  TSXV would generally expect that the timing of each use of proceeds be immediate or imminent in order to correspond with an assertion that the Issuer does not have the time to complete a share consolidation prior to conducting a Private Placement.)
				(4)	To the extent not addressed in the Issuer's responses to items (1) to (3), any other material information in respect of the financial situation of the Issuer which may be of relevance to TSXV.
			ii.	Maintain/Preserve Existing Business:  The principal purpose of the proceeds of the Private Placement must be to maintain or preserve the Issuer's existing operations, activities and assets (i.e. none of the proceeds of the Private Placement may be used to fund the purchase or pursuit of new business operations or activities).
			iii.	No Payments to Related Parties: None of the proceeds of the Private Placement may be used to compensate, settle indebtedness with or otherwise satisfy obligations to Related Parties of the Issuer.
			iv.	Public Disclosure:  The Issuer must disseminate a news release in conjunction with the closing of the Private Placement that provides an itemized breakdown of the use of proceeds of the Private Placement.  In addition, the news release must state that the Private Placement has been approved by the Issuer's board of directors, excluding those directors that have a direct interest in the Private Placement.
			v.	Officer's Certificate:  As a condition precedent to TSXV providing its conditional acceptance to the Private Placement, the Issuer must provide TSXV with a certificate signed by its chief executive officer or chief financial officer in the following form:
				"To: TSX Venture Exchange
				From: [Name of Issuer] (the "Issuer")
				I am the duly appointed Chief [Executive/Financial] Officer of the Issuer and am knowledgeable of the Issuer's business, affairs and current financial position.  The Issuer proposes to complete a private placement financing involving the issuance of ● [state number and type of securities] for gross proceeds of up to $● (the "Private Placement").
				I hereby certify in my capacity as Chief [Executive/Financial] Officer of the Issuer that to the best of my knowledge, information and belief:
				1.	the Issuer is subject to immediate or imminent financial hardship as evidenced by: ● [state principal factors evidencing the Issuer's immediate or imminent financial hardship];
				2.	the Private Placement is necessary in order to maintain or preserve the Issuer's existing operations, activities and assets and none of the proceeds of the Private Placement will be used to either: (a) fund the purchase or pursuit of new business operations or activities; or (b) compensate, settle indebtedness with or otherwise satisfy obligations to any person that is a Related Party (as such term is defined in Policy 1.1 of the TSX Venture Exchange Corporate Finance Manual) of the Issuer; and
				3.	the Private Placement has been duly and validly approved by the Issuer's board of directors, excluding those directors that have a direct interest in the Private Placement."
(d)			$500,000 Aggregate Limit:  The maximum aggregate gross proceeds an Issuer may raise in reliance on these Relief Measures is $500,000, except as may otherwise be specifically consented to by the Exchange.
(e)			75% Arm's Length:  At least 75% of the Private Placement must be subscribed for by persons that are not Related Parties of the Issuer.  In the event that an Issuer completes more than one Private Placement in reliance upon these Relief Measures, each such Private Placement must separately satisfy this arm's length requirement.

2. Warrant Exercise Price Below $0.10

TSXV policies require that the exercise price of warrants issued to a subscriber under a Private Placement be not less than the applicable Market Price, subject to a minimum exercise price per share of $0.10.  During the Temporary Relief Period, subject to compliance with the following conditions (in addition to such other requirements set out below under Procedural Matters), an Issuer may conduct a Private Placement involving the issuance of warrants to subscribers having an exercise price per share of less than $0.10:

(a)			Minimum Exercise Price:  In the case of a Private Placement of units comprised of a common share and a whole or fractional warrant, the exercise price of each warrant must not be less than the greater of: (a) the offering price of the Private Placement; (b) the last closing price of the Issuer's common shares before the issuance of the news release announcing the Private Placement; and (c) $0.05.  In the case of a Private Placement of convertible debentures for which either detachable warrants are issued or warrants are issued upon conversion of the debenture, the exercise price of each warrant must not be less than the conversion price of the debentures.
(b)			Limited Term:  TSXV will permit an exercise price of less than $0.10 only for the first 12 months following closing of the Private Placement.  At the end of such 12 month period, the exercise price of any unexercised warrants must automatically increase to a minimum of $0.10 for the remainder of the term of the warrant.  In the case of warrants issuable upon conversion of a convertible debenture, such 12 month period commences from the date of closing of the Private Placement not the date of conversion of the debentures.
(c)			75% Arm's Length:  At least 75% of the Private Placement must be subscribed for by persons that are not Related Parties of the Issuer.

PROCEDURAL MATTERS

The following procedural requirements will be applicable to all Private Placements for which an Issuer intends to rely upon any of the above-referenced Relief Measures:

1.			Compliance with Existing Policy Requirements:  Except as may be specifically modified by this bulletin, an Issuer will still be required to comply with all of the requirements applicable to Private Placements under existing Exchange policies including, without limitation, Policy 4.1 - Private Placements ("Policy 4.1").
2.			Timing:  The Private Placement must be completed during the Temporary Relief Period (i.e. an Issuer cannot announce the Private Placement prior to the end of the Temporary Relief Period and close it subsequent to the end of the Temporary Relief Period).
3.			Price Protection by News Release Only:  The applicable pricing of the Private Placement may not be protected / reserved by the filing of a Form 4A - Price Reservation Form.  The Issuer must issue a comprehensive news release announcing the proposed Private Placement in order to protect/reserve the applicable price.
4.			No Expedited Filings:  The Issuer will not be entitled to rely upon the provisions of Part 5 of Policy 4.1.
5.			NEX Listed Issuers:  Issuers listed on the NEX may avail themselves of the Relief Measures provided that:
			(a)	they comply with the conditions and requirements set forth in this bulletin;
			(b)	they do not close the Private Placement prior to obtaining TSXV's conditional acceptance of the Private Placement; and
			(c)	they comply with all of the requirements applicable to Private Placements under the NEX Policy, except to the extent modified by this bulletin (for greater certainty, the requirements set forth in sections 5.2 and 5.3 of the NEX Policy are not modified by this bulletin and will continue to apply).

If you have any questions about this bulletin, please contact:

Zafar Khan - Policy Counsel, 604-602-6982
Louis Doyle - Vice-President, 514-788-2407
Roy Homyshin - Director, 403-218-2826
Tim Babcock - Director, 416-365-2202
Robert Kang - Director, 604-643-6577

TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 17 août 2012
Objet : Placements privés - Dispenses temporaires de certaines exigences relatives à la fixation du prix

La Bourse de croissance TSX (la « TSX de croissance » ou la « Bourse ») est consciente de la conjoncture du marché avec laquelle bon nombre des émetteurs inscrits à sa cote doivent composer ainsi que de l'effet de cette situation sur leur capacité à réaliser des financements et, par conséquent, à maintenir et à préserver leurs activités et leurs actifs actuels.

Afin d'aider les émetteurs à réaliser des financements, particulièrement ceux qui sont aux prises avec des difficultés financières ou pour qui une telle situation est imminente, la Bourse accordera, de façon temporaire et sous réserve du respect des conditions énoncées dans le présent bulletin, des dispenses de certaines exigences en vigueur relatives à la fixation du prix des placements privés. Ces mesures temporaires (les « dispenses ») entreront en vigueur à la date du présent bulletin et prendront fin le 31 décembre 2012 (la « période de dispense temporaire »).

Les termes clés utilisés dans le présent bulletin sans y être définis ont le sens qui leur est attribué dans la Politique 1.1 - Interprétation du Guide du financement des sociétés de la Bourse de croissance TSX.

DISPENSES

1. Prix d'émission de l'action ou de l'unité inférieur à 0,05 $ et prix de conversion des débentures inférieur à 0,10 $

Selon les politiques de la TSX de croissance :

• le prix d'émission pour un placement privé d'actions (ou d'unités dont font partie des actions ordinaires) ne doit pas être inférieur au cours escompté applicable, sous réserve d'un prix minimal de 0,05 $ par action;
  
  
• le prix de conversion de débentures convertibles émises dans le cadre d'un placement privé ne doit pas être inférieur au cours applicable, sous réserve d'un prix de conversion minimal de 0,10 $ par action.

La TSX de croissance est consciente de ce qui suit : a) pour les émetteurs dont les actions se négocient à un cours inférieur à 0,05 $, la règle imposant un prix d'émission minimal de 0,05 $ peut compliquer la réalisation d'un financement qui ne serait pas précédé d'un regroupement d'actions; et b) le temps nécessaire à la réalisation d'un regroupement d'actions pourrait empêcher un émetteur qui est aux prises avec des difficultés financières ou pour qui une telle situation est imminente de réaliser un financement.

Compte tenu de ce qui précède, pendant la période de dispense temporaire et sous réserve du respect des conditions suivantes (qui s'ajoutent aux autres exigences énoncées ci-dessous sous le titre « Questions de procédure »), un émetteur peut réaliser un placement privé comprenant l'émission : 1) d'actions ordinaires (ou d'unités dont font partie des actions ordinaires) à un prix d'émission inférieur à 0,05 $ par action; ou 2) de débentures convertibles à un prix de conversion par action inférieur à 0,10 $.

(a)			Placement d'actions ou d'unités - Prix d'émission minimal (aucune décote) : Dans le cas d'un placement privé d'actions ordinaires (ou d'unités dont font partie des actions ordinaires), le prix d'émission par action (ou par unité) ne doit pas être inférieur au dernier cours de clôture des actions ordinaires de l'émetteur avant la publication du communiqué annonçant le placement privé (c.-à-d. que le prix d'émission ne doit pas faire l'objet d'une décote par rapport à ce cours de clôture).
(b)			Placement de débentures convertibles - Prix de conversion minimal et durée limitée : Dans le cas d'un placement privé de débentures convertibles :
			i.	Le prix de conversion par action ne doit pas être inférieur au dernier cours de clôture des actions ordinaires de l'émetteur avant la publication du communiqué annonçant le placement privé, sous réserve d'un prix de conversion minimal de 0,05 $ par action.
			ii.	La TSX de croissance ne permettra qu'un prix de conversion soit inférieur à 0,10 $ que pendant les 12 premiers mois suivant la clôture du placement privé. À la fin de cette période, le prix de conversion des débentures non converties, le cas échéant, doit automatiquement être augmenté à 0,10 $ ou plus pour le reste de la durée de la débenture.
(c)			Difficultés financières et emploi du produit : L'émetteur doit démontrer à la TSX de croissance qu'il est confronté à des difficultés financières, ou qu'une telle situation est imminente, et qu'il n'a pas le temps ni les ressources nécessaires à la réalisation d'un regroupement d'actions avant la clôture du placement privé. (À NOTER : Si l'émetteur ne peut en faire la démonstration, la TSX de croissance s'attend à ce que celui-ci réalise un regroupement d'actions suivi d'un placement privé dont le prix d'émission serait d'au moins 0,05 $ conformément aux exigences en vigueur prévues par les politiques et non en vertu des dispenses.) À cet égard, l'émetteur doit respecter les exigences suivantes :
			i.	Information financière : L'émetteur doit fournir à la TSX de croissance l'information et les documents suivants, dans une forme jugée satisfaisante, avant que la TSX de croissance n'approuve conditionnellement la réalisation du placement privé:
				(1)	Une description détaillée des événements et des facteurs ayant mené ou contribué aux difficultés financières actuelles ou imminentes auxquelles l'émetteur est confronté et la mention du fait que ces renseignements ont déjà été publiés ou non.
				(2)	Une description détaillée des solutions de rechange envisagées par la direction afin d'améliorer la situation financière de l'émetteur.
				(3)	L'affectation, élément par élément, du produit du placement privé ainsi que le moment où chaque tranche du produit sera affectée. (À NOTER : de façon générale, la TSX de croissance s'attend à ce que l'émetteur utilise immédiatement ou rapidement le produit affecté à chaque élément afin de refléter l'affirmation selon laquelle l'émetteur n'a pas le temps d'effectuer un regroupement d'actions avant la réalisation d'un placement privé.)
				(4)	Dans la mesure où il n'en a pas été question dans les réponses que l'émetteur a fournies pour les points 1) à 3), toute autre information importante concernant la situation financière de l'émetteur qui peut intéresser la TSX de croissance.
			ii.	Maintien et préservation de l'entreprise existante : Le produit tiré du placement privé doit être affecté principalement au maintien ou à la préservation des activités et des actifs existants de l'émetteur (c.-à-d. qu'aucune tranche du produit tiré du placement privé ne peut être affectée au financement de l'achat ou de la recherche de nouvelles activités commerciales).
			iii.	Aucun versement à des personnes apparentées : Aucune tranche du produit tiré du placement privé ne peut être affectée à la rémunération de personnes apparentées à l'émetteur ni au règlement de dettes ou à la satisfaction d'autres obligations envers de telles personnes.
			iv.	Information à communiquer au public : À la clôture du placement privé, l'émetteur doit publier un communiqué dans lequel figure l'affectation, élément par élément, du produit du placement privé. En outre, le communiqué doit indiquer que le placement privé a été approuvé par le conseil d'administration de l'émetteur, à l'exclusion des administrateurs qui sont directement intéressés dans le placement privé.
			v.	Attestation d'un dirigeant : Avant que la TSX de croissance n'approuve conditionnellement le placement privé, l'émetteur doit lui fournir une attestation qui est signée par son chef de la direction ou par son chef des finances et qui prend la forme suivante:
				« Destinataire : Bourse de croissance TSX
				Expéditeur :  [Nom de l'émetteur] (l'« émetteur »)
				Je suis le chef [de la direction/des finances] dûment nommé de l'émetteur et suis bien renseigné au sujet des activités, des affaires et de la situation financière actuelle de l'émetteur. L'émetteur propose de réaliser un placement privé comprenant l'émission de ● [indiquer le nombre et le type de titres], pour un produit brut maximal de ● $ (le « placement privé »).
				En qualité de chef [de la direction/des finances] de l'émetteur, j'atteste par les présentes que, à ma connaissance :
				1.	l'émetteur est aux prises avec des difficultés financières, ou une telle situation est imminente, comme en fait foi : ● [indiquer les principaux éléments faisant foi des difficultés financières actuelles ou imminentes de l'émetteur];
				2.	le placement privé est nécessaire afin de maintenir ou de préserver les activités et les actifs existants de l'émetteur, et aucune tranche du produit tiré du placement privé ne sera affectée à ce qui suit : a) le financement de l'achat ou de la recherche de nouvelles activités commerciales; ou b) la rémunération d'une personne apparentée (au sens attribué à ce terme dans la politique 1.1 du Guide du financement des sociétés de la Bourse de croissance TSX) à l'émetteur ou encore le règlement d'une dette ou la satisfaction d'autres obligations envers une telle personne;
				3.	le placement privé a été dûment et validement approuvé par le conseil d'administration de l'émetteur, à l'exclusion des administrateurs qui sont directement intéressés dans le placement privé. »
(d)			Limite globale de 500 000 $ : Le produit brut global maximal que peut réunir un émetteur en vertu des dispenses prévues aux présentes est de 500 000 $, sauf approbation contraire expresse de la Bourse.
(e)			Tranche de 75 % sans lien de dépendance : Une tranche d'au moins 75 % du placement privé doit être souscrite par des personnes qui ne sont pas des personnes apparentées à l'émetteur. Si un émetteur réalise plus d'un placement privé en vertu des dispenses prévues aux présentes, chacun de ces placements privés doit satisfaire à cette exigence.

2. Prix d'exercice des bons de souscription inférieur à 0,10 $

Selon les politiques de la TSX de croissance, le prix d'exercice des bons de souscription émis à un souscripteur dans le cadre d'un placement privé ne doit pas être inférieur au cours applicable, sous réserve d'un prix d'exercice minimal de 0,10 $ par action. Pendant la période de dispense temporaire, sous réserve du respect des conditions suivantes (qui s'ajoutent aux autres exigences énoncées ci-dessous sous le titre « Questions de procédure »), un émetteur peut réaliser un placement privé qui comprend l'émission, à des souscripteurs, de bons de souscription dont le prix d'exercice par action est inférieur à 0,10 $ :

(a)			Prix d'exercice minimal : Dans le cas d'un placement privé d'unités composées d'une action ordinaire et d'un bon de souscription ou d'une fraction de bon de souscription, le prix d'exercice de chaque bon de souscription ne doit pas être inférieur à la plus élevée des valeurs suivantes : a) le prix d'émission du placement privé; b) le dernier cours de clôture des actions ordinaires de l'émetteur avant la publication du communiqué annonçant le placement privé; ou c) 0,05 $. Dans le cas d'un placement privé de débentures convertibles à l'égard desquelles des bons de souscription détachables sont émis ou encore des bons de souscription seront émis à la conversion des débentures, le prix d'exercice de chaque bon de souscription ne doit pas être inférieur au prix de conversion des débentures.
(b)			Durée limitée : La TSX de croissance ne permettra qu'un prix d'exercice soit inférieur à 0,10 $ seulement pendant les 12 premiers mois suivant la clôture du placement privé. À la fin de cette période, le prix d'exercice des bons de souscription non exercés, le cas échéant, doit automatiquement être augmenté à 0,10 $ ou plus pour le reste de la durée des bons de souscription. Dans le cas de bons de souscription devant être émis à la conversion d'une débenture convertible, cette période de 12 mois commence à la date de clôture du placement privé et non à la date de conversion des débentures.
(c)			Tranche de 75 % sans lien de dépendance : Une tranche d'au moins 75 % du placement privé doit être souscrite par des personnes qui ne sont pas des personnes apparentées à l'émetteur.

QUESTIONS DE PROCÉDURE

Les exigences suivantes s'appliquent aux placements privés qu'un émetteur a l'intention de réaliser en vertu des dispenses dont il est question ci-dessus :

1.			Respect des exigences prévues par les politiques en vigueur : Sauf indication contraire expresse dans le présent bulletin, l'émetteur est quand même tenu de respecter toutes les exigences applicables aux placements privés prévues par les politiques en vigueur de la Bourse, notamment les exigences prévues par la Politique 4.1 - Placements privés (la « Politique 4.1 »).
2.			Délai : La clôture du placement privé doit avoir lieu pendant la période de dispense temporaire (c.-à-d. qu'un émetteur ne peut pas annoncer un placement privé avant la fin de la période de dispense temporaire et procéder à sa clôture après l'expiration de cette période).
3.			Protection du prix par communiqué seulement : Le prix d'un placement privé ne peut pas être protégé ni réservé au moyen du dépôt d'un Formulaire 4A - Formulaire de réservation du prix. Afin de protéger ou de réserver le prix applicable, l'émetteur doit publier un communiqué détaillé dans lequel il annonce le placement privé proposé.
4.			Aucun dépôt accéléré : L'émetteur ne peut pas se prévaloir des dispositions de la partie 5 de la Politique 4.1.
5.			Émetteurs inscrits à NEX : les émetteurs inscrits sur le marché NEX peuvent se prévaloir des dispenses, sous réserve des conditions suivantes :
			(a)	ils respectent les conditions et les exigences énoncées dans le présent bulletin;
			(b)	ils ne procèdent pas à la clôture du placement privé avant que la TSX de croissance n'approuve conditionnellement le placement privé;
			(c)	ils respectent toutes les exigences applicables aux placements privés prévues par les Politiques NEX, sauf dans la mesure où celles-ci sont modifiées par le présent bulletin (il est entendu que les exigences prévues aux paragraphes 5.2 et 5.3 des Politiques NEX ne sont pas modifiées par le présent bulletin et qu'elles continuent de s'appliquer).

Toute question concernant le présent bulletin peut être adressée aux personnes suivantes :

Zafar Khan - conseiller juridique, Politiques, 604-602-6982
Louis Doyle - vice-président, 514-788-2407
Roy Homyshin - directeur, 403-218-2826
Tim Babcock - directeur, 416-365-2202
Robert Kang - directeur, 604-643-6577

_______________________________________

AFRICA OIL CORP. ("AOI")
BULLETIN TYPE:  Miscellaneous
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

Further to the bulletin dated April 26, 2010, TSX Venture Exchange has accepted for filing a Settlement Agreement dated August 15, 2012 between the Company and Peninsula Merchant Syndications Corp. whereby the Company will issue 325,000 common shares in full and final settlement of the previously approved share allocation of finder's fees payable under an agreement dated April 20, 2010.

_________________________________

BELL COPPER CORPORATION ("BCU")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement, Property-Asset or Share Disposition Agreement
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing a Purchase and Sale and Royalty Agreement dated March 11, 2012 between the Company's wholly-owned subsidiary, Bell Resources (Nevada) Corporation and Bennu Properties, LLC (Albert W. Fritz, Jr. / Edith Spencer Fritz), Albert W. Fritz, Jr. and Edith Spencer Fritz (the "Vendors") whereby the Company has acquired the surface and subsurface rights comprising the Van Dyke copper property that is located in Miami, Arizona.  The aggregate consideration to the Vendor is $2,500,000 over an eight year period.  In addition, the Company will issue 5,600,000 common shares to RAM Opportunities LLC pursuant to the terms of an agreement whereby the Company acquired the option to purchase the property from the Vendors.  The Vendors has been granted a royalty equal to 2.5% of the gross smelter return of which up to 2% can be repurchased by the Company prior to the second anniversary for US$1,500,000 for each 1%.  The cash consideration of 8 payments of US$250,000 each are considered pre-payments on amounts owing under the Royalty upon production.

Upon closing of the acquisition, the Van Dyke property along with the Company's Sombrero Butte property that is located in Pinal County, Arizona will be sold to Copper Fox Metals Inc. pursuant to an Offer to Purchase Agreement dated July 4, 2012.  Consideration is a cash payment of $2,000,000 and assuming the Company's continuing obligations on the properties as follows:

Van Dyke Copper Property:  The 2.5% gross royalty and the obligation to make the US$250,000 per year payments

Sombrero Butte Property:  US$60,000 on or before January 9, 2013 to Silver Nickel and US$650,000 on or before January 9, 2014.

JM Corp. (Paul MacDonald) will receive a 5% finder's fee in the amount of $100,000 in connection with the disposition.

________________________________________

BLUE SKY URANIUM CORP. ("BSK")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  August 17, 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 August 13, 2012:

Number of Shares:

3,130,000 shares

Purchase Price:

$0.10 per share

Warrants:

3,130,000 share purchase warrants to purchase 3,130,000 shares

Warrant Exercise Price:

$0.15 for a two year period

Number of Placees:

6 placees

Insider / Pro Group Participation:

Name

Insider=Y / ProGroup=P /

# of Shares

Sean Hurd

Y

380,000

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.

________________________________________

BOWOOD ENERGY INC. ("BWD.RT")
BULLETIN TYPE:  Rights Expiry-Delist
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

Effective at the close of business, Friday, August 17, 2012, the Rights of the Company expire and will therefore be delisted at the close of business.

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CONDOR RESOURCES INC. ("CN")
BULLETIN TYPE:  Warrant Term Extension
BULLETIN DATE:  August 17, 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:

1,500,000 September 3, 2012 September 3, 2014 $0.40

These warrants were issued pursuant to a private placement of 3,000,000 shares with 1,500,000 share purchase warrants attached, which was accepted for filing by the Exchange effective on September 21, 2010.

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COUNTERPATH CORPORATION ("CCV")
BULLETIN TYPE:  Graduation
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 1 Company

TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening on Monday, August 20, 2012, under the symbol "CCV".

As a result of this Graduation, there will be no further trading under the symbol "CCV" on TSX Venture Exchange after August 17, 2012, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.

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FLINDERS RESOURCES LIMITED ("FDR.WT")
BULLETIN TYPE:  New Listing-Warrants
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 1 Company

Effective at the opening, Monday, August 20, 2012, the warrants of the Company will commence trading on TSX Venture Exchange.  The Company is classified as a 'Mineral Exploration/Development' company.

Corporate Jurisdiction:									British Columbia
Capitalization:									4,411,764	warrants are issued and outstanding
Transfer Agent:  Trading Symbol:  CUSIP Number:									Computershare Trust Company of Canada FDR.WT 339436115

The warrants were issued pursuant to a brokered and non-brokered private placement accepted by the Exchange effective May 9, 2012.  One warrant entitles the holder to purchase one share at a price of $2.20 per share and will expire on Thursday, April 17, 2014.

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HULDRA SILVER INC. ("HDA")
BULLETIN TYPE:  Private Placement-Non-Brokered, Brokered
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the Non-Brokered and Brokered Private Placement announced June 15, 2012 and August 3, 2012:

Number of Shares:

4,837,899 flow-through shares 3,559,815 non-flow-through shares

Purchase Price:

$1.20 per flow-through share $1.08 per non-flow-through share

Number of Placees:

106 placees

Insider / Pro Group Participation:

Name

Insider=Y / ProGroup=P /

# of Shares

Mark Hewett  Erik Dekker  Erik Benson  Martin Foster  Jim Cumming  Douglas Leitner  Jeffrey Omland  Peter Espig  Tom Cox  David Garnett  Matthew Cicci  Patrick Lecky  Sprott Asset Management L.P. (on behalf of Sprott FT 2011)

P  P  P  P  P  P  P  Y  P  P  P  P  Y

30,000 35,000 5,000 27,000 31,836 10,000 10,000 30,000 50,000 10,000 83,000 30,000 333,400

Finders' Fees:

National Bank Financial Inc. - $398.336.01 and 351,638 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

BayFront Capital Partners - $49,792.10 and 43,955 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

Pope & Company Limited - $49,792.10 and 43,955 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

Macquarie Private Wealth Inc. - $15,999.94 and 13,333 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

BMO Nesbitt Burns - $9,600.00 and 8,000 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

Raymond James Ltd. - $48,000.00 and 40,000 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

Canaccord Genuity Corp. - $75,680.00 and 63,227 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

GundyCo - $672.00 and 560 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

AlphaNorth Asset Management - $80,000.03 and 70,370 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

ScotiaMcLeod - $5,760.00 and 4,800 Agent's Options that are exercisable into common shares at $1.08 per share for a two year period.

Sprott Asset Management L.P. - $32,006.40 and 26,672 Agent's Options that are exercisable into common shares at $1.08 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.

________________________________________

KEY VENTURE CAPITAL INC. ("KVC.P")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

Effective at 5:00 a.m. PST, August 17, 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.

________________________________________

MINT TECHNOLOGY CORP. ("MIT")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to a Asset Purchase Agreement (the "Agreement") dated May 30, 2012, between Mint Technology Corp. (the "Company") and Global Business Services for Multimedia - a leading UAE telecom, multimedia and premium added value services company (the "Vendor"), whereby the Company will acquire the business assets, trading names, customer lists, merchant agreements, client and third party telecom contracts, and goodwill of one of the UAE's leading mobile POS e-voucher network companies, known as "ePAY".

The proposed purchase price will be satisfied through a cash payment of approximately CDN$3.9 million and the issuance of 19,054,250 common shares.

For further details, please refer to the Company's news releases dated April 30, 2012, May 31, 2012, June 21, 2012 and July 18, 2012.

________________________________________

MINT TECHNOLOGY CORP. ("MIT")
BULLETIN TYPE:  Shares for Bonuses
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue an aggregate of 2,387,000 bonus shares in consideration of CDN$1,705,000 of secured non-convertible loans made to the Company.

________________________________________

PARKSIDE RESOURCES CORPORATION ("PKS")
BULLETIN TYPE:  New Listing-Shares, Private Placement-Brokered
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

Effective at the opening, on Monday, August 20, 2012, the common shares of the Company will commence trading on TSX Venture Exchange.  The Company is classified as a 'mineral exploration and development' company.

Corporate Jurisdiction:									Business Corporations Act (British Columbia)
Capitalization:  Escrowed Shares:									Unlimited  22,000,001  8,679,375	common shares with no par value of which common shares are issued and outstanding common shares and 4,117,500 warrants
Transfer Agent:									Computershare Investor Services Inc. (Vancouver)
Trading Symbol:  CUSIP Number:  Sponsoring Member:									PKS 70146Y 30 1 N/A
Agent's Warrants:									434,166 non-transferable warrants. One warrant to purchase 1 additional share at $0.10 per share on the later of (i) 24 months from the date the common shares of the company are listed on the Exchange or (ii) 30 months from the date of issue of the agent's warrants.

For further information, please refer to the Company's Amended and Restated Listing Application dated July 31, 2012.

Private Placement-Brokered

TSX Venture Exchange has accepted for filing documentation with respect to tranche 1 of a Brokered Private Placement announced on July 24, 2012:

Number of Shares:						841,667 Flow-Through shares and 5,300,000 Non-Flow-Through shares
Purchase Price:						$0.12 per Flow-Through share and $0.10 per Non-Flow-Through share
Warrants:						6,141,667 share purchase warrants to purchase 6,141,667 shares
Warrant Exercise Price:						$0.20 per share until the later of (i) 24 months from the date of listing of the common shares or (ii) 30 months from the date of issue of the warrants.
Number of Placees:						25 placees
Insider / Pro Group Participation:
Name						Insider=Y / ProGroup=P /				# of Shares
Benton Resources Inc.  Dwight Jefferson						Y  P				2,000,000 100,000
Agent's Fee:						Macquarie Private Wealth Inc. will be paid:
						Cash:  (i) a cash commission of $45,100; and (ii) a corporate finance fee of $25,000 plus applicable taxes.
						Securities:  434,166 non-transferable common share warrants to purchase 434,166 common shares in the capital of the Company.  The warrants have an exercise price of $0.10 per share and will expire on the later of (i) 24 months from the date the common shares of the company are listed on the Exchange or (ii) 30 months from the date of issue of the agent's warrants.

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.

________________________________________

POYNT CORPORATION ("PYN")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

Effective at 9:11 a.m. PST, 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.

________________________________________

POYNT CORPORATION ("PYN")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

Effective at 11:45 a.m., PST, August 17, 2012, shares of the Company resumed trading, an announcement having been made.

________________________________________

SAGRES ENERGY INC. ("SGI")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pursuant to the Purchase Agreement (the "Agreement") between the Company and Assam Company India Limited ("Assam") whereby the Company will acquire all of Assam's right to earn a participating interest in the Agencia Nacional de Hibrocarburos ("ANH") Hydrocarbon Exploration and Production Agreement (the "E&P Agreement") for the El Triunfo Block (the "Block") in Colombia held by Union Temporal El Triunfo ("UTE").  In consideration, the Company will pay $1.25 million in cash and assume $1.25 million in payables and indebtedness of Assam related to its Colombian operations. An additional US$2.5 million payment is payable in cash or common shares of the Company upon declaration by the ANH of a commercial discovery on the Block.

Pursuant to the terms of the E&P Agreement, two exploration wells must be drilled in the Block.  The Company has entered into a Farmout Agreement (the "Farmout Agreement") with UTE whereby the Company will earn an undivided 70% participating interest and assume operatorship in the Block by paying all of the costs relating to the first of the two wells, which is expected to be US$12 million.  The Company has the right to earn up to an additional 12.5% participating interest in the Block by funding its partner's 30% share of the work commitment costs associated with the second of the wells.  The Farmout Agreement is subject to approval by the ANH.

Insider / Pro Group Participation: None

For further information please refer to the Company's press releases dated December 5, 2011 and February 9, 2012

________________________________________

SUNRIDGE GOLD CORP. ("SGC")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 7, 2012:

Number of Shares:							5,405,405 shares
Purchase Price:							$0.37 per share
Warrants:							864,864 share purchase warrants to purchase 864,864 shares
Warrant Exercise Price:							$0.55 for a one year period
Number of Placees:							1 placee

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]

________________________________________

TRUE NORTH APARTMENT REAL ESTATE INVESTMENT TRUST ("TN.UN")
BULLETIN TYPE:  Notice of Distribution
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

The Issuer has declared the following distribution(s):

Distribution per Unit:  Payable Date:  Record Date:  Ex-Distribution Date:

$0.0233 September 17, 2012 August 31, 2012 August 29, 2012

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STRATEGIC OIL & GAS LTD. ("SOG")
BULLETIN TYPE:  Normal Course Issuer Bid
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated August 14, 2012, it may repurchase for cancellation, up to 9,355,000 shares in its own capital stock.  The purchases are to be made through the facilities of TSX Venture Exchange during the period August 20, 2012 to August 19, 2013.  Purchases pursuant to the bid will be made by Macquarie Capital Markets Canada Ltd. on behalf of the Company.

________________________________________

VIRGIN METALS INC. ("VGM")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  August 17, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 15, 2012:

Number of Shares:

1,359,807 shares

Purchase Price:

$0.15 per share

Number of Placees:

6 placees

Insider / Pro Group Participation:

Name

Insider=Y / ProGroup=P /

# of Shares

Christopher Frostad  Janet O'Donnell  SHI Ventures Inc. (Borys Chabursky)  Darren Koningen

Y  Y  Y  Y

133,334 66,667 333,333 266,667

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).

________________________________________

SOURCE: TSX Venture Exchange

Market Information Services at 1-888-873-8392, or email: [email protected]