VANCOUVER, Aug. 20, 2012 /CNW/ -
TSX VENTURE COMPANIES:
ADVANCED EXPLORATIONS INC. ("AXI")
BULLETIN TYPE: Halt
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
Effective at 11:18 a.m. PST, August 20, 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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ALDERSHOT RESOURCES LTD. ("ALZ")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,000,000 shares at a deemed price of $0.05 per share to settle outstanding debt for $150,000.
| Number of Creditors: | 1 Creditor | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Jeremy Caddy | Y | $150,000 | $0.05 | 3,000,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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CANADIAN ENERGY EXPLORATION INC. ("XPL")
BULLETIN TYPE: Halt
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
Effective at 9:53 a.m. PST, August 20, 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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CANAM COAL CORP. ("COE")
BULLETIN TYPE: Private Placement-Non-Brokered, Non-Convertible Debenture Units
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 27, 2012:
| Number of Units: | 7,165 Units | |||||||||
| Purchase Price: |
$1,000 per Unit Each Unit ("Unit") consists of a non-convertible debenture with a principal amount of $1,000, 1,250 Series A Warrants ("A Warrants") and 1,000 Series B Warrants ("B Warrants"). |
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| Non-Convertible Debenture: | $7,165,000 | |||||||||
| Maturity date: | Four years from closing | |||||||||
| Interest rate: | 9.5% | |||||||||
| Warrants: |
8,956,250 A Warrants to purchase 8,956,250 Series A shares 7,165,000 B Warrants to purchase 7,165,000 Series B shares |
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| Warrant Exercise Price: |
A Warrants: $0.20 for a four year period from date of issuance B Warrants: $0.25 for a four year period from date of issuance |
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| Number of Placees: | 36 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Units |
||||||||
| 799462 Alberta Ltd. (Timothy Bergen) Jos De Smedt Scott Bolton Professional Corp. (Scott Bolton) Jonathan Legg Timothy Nakaska John Bergen |
Y Y Y Y Y Y |
120 100 200 200 50 40 |
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| Finder's Fee: | Wolverton Securities Ltd.: $14,000 |
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CLEANFIELD ALTERNATIVE ENERGY INC. ("AIR")
BULLETIN TYPE: Convertible Debenture, Replacement
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the amendment of the following convertible debenture:
| Convertible Debenture: | $1,500,000 | |||||
| Original Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at $0.20 of principal outstanding in year one of the amendment period, at $0.30 in the following six months, and at $0.40 in the final six months of the amendment period. | |||||
| Amended Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at $0.40 of principal outstanding in year one of the amendment period. | |||||
| Original Maturity Date: | July 31, 2012 | |||||
| Amended Maturity Date: | July 31, 2013 | |||||
| Original Warrant Terms: | Each warrant will have a term of two years from July 31, 2010 and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.30 until July 31, 2012. | |||||
| Amended Warrant Terms: | Each warrant will have a term of one year from July 31, 2012 and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.10 until July 31, 2013. |
The convertible debenture was issued pursuant to a prospectus offering which was originally accepted for filing by the Exchange effective September 8, 2008.
For further information, please refer to the Company's press release dated August 17, 2012.
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COMSTOCK METALS LTD. ("CSL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a letter of intent (the "LOI") dated July 27, 2012 between Comstock Metals Ltd. (the "Company") and Seafield Explorations Ltd. ("Seafield") to acquire Seafield's 75% interest in a joint venture with Volcanic Minerals Ltd. for the exploration and development of the Walhalla Property located in the White Gold district in Yukon.
Under the terms of the LOI, the purchase consideration payable by the Company for the Walhalla Property will be: (i) a $300,000 cash payment on closing; (ii) the issuance of 500,000 common shares of the Company on closing; and (iii) the issuance of an additional 500,000 common shares of the Company upon the determination of an NI 43-101-compliant 500,000 ounce gold resource on the Walhalla Property.
Insider / Pro Group Participation: Rasool Mohammad, an officer and director of the Company is also a director, officer and shareholder of Seafield.
For further information please see the Company's news release of August 7, 2012 which is available under the Company's profile on SEDAR.
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EURASIAN MINERALS INC. ("EMX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 20, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing an agreement and plan of merger (the "Merger Agreement") dated February 7, 2012 among Eurasian Minerals Inc. ("Eurasian"), EMX (Utah) Corp. and Bullion Monarch Mining, Inc. ( "BULM") pursuant to which Eurasian has closed the previously announced merger (the "Merger") with BULM, and as a result, BULM has become a wholly-owned subsidiary of Eurasian.
The Merger was effective on Friday, August 17, 2012 following approval by BULM's shareholders at a special meeting held on the same day.
Under the terms of the Merger Agreement, BULM shareholders received 0.45 of a Eurasian common share and US$0.11 in cash for each share of BULM common stock held. The aggregate consideration paid by Eurasian to BULM shareholders pursuant to the Merger was 17,652,178 Eurasian commons shares and US$4,314,977 cash.
Insider / Pro Group Participation: N/A
For further information please read Eurasian's news releases dated February 7, 2012 and August 20, 2012 available on SEDAR.
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GLOBAL MET COAL CORPORATION ("GMZ")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second (and final) tranche of a Brokered Private Placement announced June 12, 2012 and amended July 10, 2012:
| Number of Shares: | 3,262,000 shares in the second tranche | |||||||||
| Purchase Price: | $0.07 per share | |||||||||
| Warrants: | 3,262,000 share purchase warrants to purchase 3,262,000 shares | |||||||||
| Warrant Exercise Price: |
$0.12 for a two-year period If the closing price of the Company's shares is $0.65 or higher for 10 consecutive trading days, the Company may give notice to shorten the expiry of the warrants to within 30 days of the notice. |
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| Number of Placees: | 16 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| A. Fehr & Associates Ltd. (Ann Fehr) Tracy Seiter |
Y P |
58,000 100,000 |
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| Agent's Fee: | Ascenta Finance Corp. will receive $3,360 cash and 42,000 Agent's Options to purchase common shares of the Company exercisable at $0.07 for 2 years. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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GOWEST GOLD LTD. ("GWA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Purchase Agreement dated May 31, 2012 (the "Agreement") between the Company and an arm's length party (the "Vendor"). As per the terms of the Agreement, the Company has agreed to purchase the surface and minerals rights to Claim Number P4269723 and Claim Number P4269722, named the Tully East Guidoccio Property, from the Vendor. In consideration the Company will issue 200,000 common shares at a deemed issue price of $0.085 per share to the Vendor.
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MOUNTAIN BOY MINERALS LTD. ("MTB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 19, 2012:
| Number of Shares: | 24,000,000 shares | |||||||||||
| Purchase Price: | $0.05 per share | |||||||||||
| Warrants: | 24,000,000 share purchase warrants to purchase 24,000,000 shares | |||||||||||
| Warrant Exercise Price: | $0.10 for a two year period | |||||||||||
| Number of Placees: | 10 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
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| Randolph Kasum K-6 Consulting Group Ltd. (Edward Kruchkowski) Frank Kamermans |
Y Y Y |
6,900,000 7,450,000 1,500,000 |
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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PARAGON MINERALS CORPORATION ("PGR")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: August 20, 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: |
7,914,500 December 3, 2012 June 3, 2014 $0.20 |
These warrants were issued pursuant to a private placement of 11,449,240 flow through shares and 7,914,500 non-flow through shares with 7,914,500 share purchase warrants attached to the non-flow through shares, which was accepted for filing by the Exchange effective December 9, 2010.
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RIVERSTONE RESOURCES INC. ("RVS")
BULLETIN TYPE: Halt
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, August 20, 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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RIVERSTONE RESOURCES INC. ("RVS")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
Effective at 7:00 a.m., PST, August 20, 2012, shares of the Company resumed trading, an announcement having been made.
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STRAIT MINERALS INC. ("SRD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 16, 2012:
| Number of Shares: | 3,000,000 shares | ||||||||||
| Purchase Price: | $0.10 per share | ||||||||||
| Number of Placees: | 1 placee |
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).
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SULTAN MINERALS INC. ("SUL")
BULLETIN TYPE: Halt
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
Effective at 6:10 a.m. PST, August 20, 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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SULTAN MINERALS INC. ("SUL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
Effective at 9:30 a.m., PST, August 20, 2012, shares of the Company resumed trading, an announcement having been made.
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TERRA NOVA ENERGY LTD. ("TGC")
[formerly Terra Nova Minerals Inc. ("TGC")]
BULLETIN TYPE: Name Change
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders August 13, 2012, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, Tuesday, August 21, 2012, the common shares of Terra Nova Energy Ltd. will commence trading on TSX Venture Exchange, and the common shares of Terra Nova Minerals Inc. will be delisted. The Company is classified as a 'junior natural resource - oil and gas' company.
| Capitalization: Escrow: |
Unlimited 57,707,197 Nil |
shares with no par value of which shares are issued and outstanding Escrowed Shares |
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| Transfer Agent: | Computershare Trust Company of Canada | |||||||||
| Trading Symbol: CUSIP Number: |
TGC 88102K107 |
(UNCHANGED) (new) |
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TEUTON RESOURCES CORP. ("TUO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 12, 2012 and June 28, 2012:
| Number of Shares: | 4,170,750 shares | ||||||||
| Purchase Price: | $0.32 per share | ||||||||
| Warrants: | 4,170,750 share purchase warrants to purchase 4,170,750 shares | ||||||||
| Warrant Exercise Price: | $0.35 for a two year period | ||||||||
| Number of Placees: | 27 placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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TRANSITION METALS CORP. ("XTM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an option agreement (the "Option Agreement") dated July 16, 2012 between William Kramp (the "Optionor") and Transition Metals Corp. (the "Company"). Pursuant to the Option Agreement, the Company shall have the option to acquire certain surface and mining rights in Tudhope Township, located in the district of Timiskaming, Ontario.
In order to exercise it option, the Company must pay the Optionor an aggregate of $25,000 and issue 60,000 shares over a four year period.
For more information, refer to the Company's news release dated July 26, 2012.
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NEX COMPANIES:
IDAHO NATURAL RESOURCES CORP. ("IDN.H")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 20, 2012
NEX Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Purchase and Sale Agreement dated August 2, 2012 between the Company and AM Idaho LLC whereby the Company has purchased a 10% working interest in the Willow-Hamilton Development Area in the state of Idaho. The consideration to be paid is US$1 million cash only. The transaction is at arm's length.
Insider / Pro Group Participation: N/A
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YUNTONE CAPITAL CORP. ("YTC.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 20, 2012
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated July 31, 2012, effective at 6:13 a.m., August 20, 2012, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to TSXV Listings Policy 2. 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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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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