TSX Venture Exchange Daily Bulletins
Sep 13, 2012, 18:44 ET
VANCOUVER, Sept. 13, 2012 /CNW/ -
TSX VENTURE COMPANIES:
ARGONAUT EXPLORATION INC. ("AGA")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated September 12, 2012 the Bulletin should have read in part as follows:
| Finder's Fee: | $12,000 payable to Kim Measor | ||||
The rest of the bulletin remains unchanged.
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CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second tranche of a Non-Brokered Private Placement announced July 10, 2012 and August 13, 2012:
| Number of Shares: | 3,930,000 shares |
| Purchase Price: | $0.15 per share |
| Warrants: | 3,930,000 share purchase warrants to purchase 3,930,000 shares |
| Warrant Exercise Price: | $0.20 for a one year period |
| $0.25 in the second year | |
| Number of Placees: | 8 placees |
| Finder's Fee: | $40,425 payable to Goldinvest GmbH |
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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COUGAR MINERALS CORP. ("COU")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated September 7, 2012, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on September 7, 2012 has been revoked.
Effective at the opening, Friday, September 14, 2012 trading will be reinstated in the securities of the Company (CUSIP 22208R 20 3)
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DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 10, 2012:
First Tranche:
| Number of Shares: | 2,741,500 shares |
| Purchase Price: | $0.20 per share |
| Warrants: | 2,741,500 share purchase warrants to purchase 2,741,500 shares |
| Warrant Exercise Price: | $0.40 for a one year period |
| Number of Placees: | 16 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Winfield Consulting Inc. (Bruce Winfield) | Y | 312,500 |
| Kesa Capital Corp. (Darrell Rader) | Y | 216,000 |
| IMPACT Silver Corp. | Y | 452,000 |
| Finder's Fee: | $3,324 cash payable to Mike Kachanovsky | ||||
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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DNI METALS INC. ("DNI")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 13, 2012
TSX Venture Tier 1 Company
Effective at 7:30 a.m., PST, September 13, 2012, shares of the Company resumed trading, an announcement having been made.
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FULLER CAPITAL CORP. ("FUL.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on October 13, 2010. The Company, which is classified as a Capital Pool Company ('CPC'), is required to complete a Qualifying Transaction ('QT') within 24 months of its date of listing, in accordance with Exchange Policy 2.4.
The records of the Exchange indicate that the Company has not yet completed a QT. If the Company fails to complete a QT by its 24-month anniversary date of October 15, 2012, the Company's trading status may be changed to a halt or suspension without further notice, in accordance with Exchange Policy 2.4, Section 14.6.
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GALWAY RESOURCES LTD. ("GWY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to six Option Agreements (the "Agreements") between the Company and various landowners in the municipality of California in the Santander Department of northeastern Colombia, as detailed below:
| 1) | Property Description: | Lic. 111 GEXL-40 |
| Vendor: | Luis Y T Gelvez | |
| Consideration: | $3,583,428.27 USD cash and 3,402,449 shares | |
| 2) | Property Descriptions: | HDB-081, HDB-08001X, HDB-08002X, HDB-08003X |
| Vendor: | Luis F D Araque | |
| Consideration: | $2,560,232.00 USD cash and 2,212,846 shares | |
| 3) | Property Description: | 0144-68 |
| Vendors: | Fernando Maldonado, Alonso A Albarracin, Jacinto G Bautista and Alejo G Bautista | |
| Consideration: | $15,080.10 USD cash | |
| 4) | Property Description: | Lic. 15800 GTRB-056 |
| Vendors: | Maria Y B Duque, Carlos E Gelvez, Jesus S G Rodriguez, Angel C L Gonzales, Maria I G Arias, Jose M Tolosa and Juan A G Arias | |
| Consideration: | $107,476.40 USD cash and 10,825 shares | |
| 5) | Property Description: | FCC-814 |
| Vendors: | Holmes V Garcia, Yorguin T Gelvez, Ivan D D Cuartas and Tilcia T de Vanegas | |
| Consideration: | $257,769.69 USD cash and 447,478 shares | |
| 6) | Property Description: | 099-68 |
| Vendor: | Edilma Toloza | |
| Consideration: | $110,160.06 USD cash and 1,122,817 shares | |
The deemed value of all share issuances is $1.08 per share.
All future consideration that may be payable to the vendors in connection with the Agreements will be subject to TSX-Venture approval.
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HELIO RESOURCES CORP. ("HRC")
BULLETIN TYPE: Halt
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Effective at 6:21 a.m. PST, September 13, 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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HELIO RESOURCE CORP. ("HRC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Effective at 9:45 a.m., PST, September 13, 2012, shares of the Company resumed trading, an announcement having been made.
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KILKENNY CAPITAL CORPORATION ("KIK.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated August 13, 2012, effective at the open, Friday, September 14, 2012, trading in the shares of the Company will be suspended, the Company having failed to complete a Qualifying Transaction within 24 months of its listing.
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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LAURION MINERALS EXPLORATION INC. ("LME")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a letter of intent regarding the disposition of certain mining claims and a property option agreement (collectively, the "LOI") dated September 4, 2012 between Lincoln Mining Corporation (the "Purchaser") and Laurion Minerals Exploration Inc. (the "Company"). Pursuant to the LOI, the Company shall dispose of certain mining claims and transfer assignment and assumption of the obligations and benefits of a 100% interest in the Bell Mountain property located in Churchill County, Nevada.
In consideration of the asset, the Company shall receive an aggregate of $2,350,000 from the Purchaser.
For more information, refer to the Company's news release dated September 5, 2012.
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MOSQUITO CONSOLIDATED GOLD MINES LTD. ("MSQ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Effective at 8:00 a.m., PST, September 13, 2012, shares of the Company resumed trading, an announcement having been made.
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NORTHISLE COPPER AND GOLD INC. ("NCX")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: September 13, 2012
TSX Venture Tier 1 Company
Further to TSX Venture Exchange Bulletin dated September 12, 2012, the following information regarding the warrants is amended, all other information remains unchanged:
Warrant Exercise Price: $0.25 for a two year period
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OPEL TECHNOLOGIES INC. ("OPL")
BULLETIN TYPE: Private Placement, Brokered
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced June 11, 2012:
| Number of Shares: | 13,043,479 shares |
| Purchase Price: | $0.23 per share |
| Warrants: | 13,043,479 share purchase warrants to purchase 13,043,479 shares |
| Warrant Exercise Price: | $0.35 for a three year period |
| Number of Placees: | 46 Placees |
| Agent's Fee: | $210,000, plus 1,304,346 agent's warrants (each warrant exercisable into one common share at a price of $0.23 for a period of four years), payable to IBK Capital Corp. |
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). 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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PACIFIC WILDCAT RESOURCES CORP. ("PAW")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Further to the Exchange Bulletins dated February 24, 2011, July 7, 2011, and January 4, 2012, TSX Venture Exchange has accepted for filing documentation relating to a further amendment of the Acquisition Agreement dated July 22. 2010 ('Acquisition Agreement'), pursuant to an amending agreement dated July 2, 2012 ('Amendment Agreement') among Pacific Wildcat Resources Corp. (the 'Company'), Stirling Capital Limited, Cortec (Pty.) Ltd., Finebrook Investments Pty. Ltd, as trustees for the O'Sullivan Superannuation Fund ('O'Sullivan Fund'), Dunross Capital Ltd. ('Dunross') (O'Sullivan Fund and Dunross are collectively the 'Vendors').
Under the terms of the Amendment Agreement:
- The closing date of the acquisition was extended to September 12, 2012, and although the balance of the consideration payable to the Vendors remains unchanged, the method of payment has been revised.
- The Vendors will receive an aggregate of 92,592,244 common shares at a deemed price of $0.11 per share to satisfy $10,185,147 of the amount previously payable in cash to the Vendors.
- The issuance of a convertible promissory note for a principal amount of $775,000 to the Vendors, repayable on or before 12 months from the date of issuance, bearing interest at a rate of 1% per month compounded monthly. The note is convertible at a price of $0.11 per share.
- The issuance of 4,507,584 shares due to the Vendors on the previously agreed terms of Acquisition Agreement and the relevant amendments thereto.
- The Company must complete a debt or equity financing to raise a minimum of $3,000,000 and a maximum of $5,000,000, at no less that $0.11 per share.
- The Vendors will appoint two nominees to the board of directors of the Company.
Upon closing of the acquisition, the Vendors will each hold approximately 24.07% of the Company issued and outstanding shares on a non-diluted basis. The Company has sought and obtained disinterested shareholder approval for the creation of a control position as defined by Exchange Policy.
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Finebrook Investments Pty Ltd, as trustee for the O'Sullivan Superannuation Fund | ||
| (Francis Donald O'Sullivan and Pamela O'Sullivan) | Y | 63,147,299 |
| Dunross Capital Ltd. (David Anderson) | Y | 63,147,299 |
Please refer to the Company's news releases of July 3, 2012 and September 11, 2012 for further information.
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PREO SOFTWARE INC. ("PKM")
BULLETIN TYPE: Halt
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Effective at 11:03 a.m. PST, September 13, 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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QUATERRA RESOURCES INC. ("QTA")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 22,727 shares at a deemed price of $0.44 per share in consideration of certain financial and advisory services provided to the Company pursuant to an agreement dated April 15, 2011.
The Company shall issue a news release when the shares are issued.
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SHAMARAN PETROLEUM CORP. ("SNM")
BULLETIN TYPE: Halt
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Effective at 4:51 a.m. PST, September 13, 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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SHAMARAN PETROLEUM CORP. ("SNM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Effective at 9:45 a.m., PST, September 13, 2012, shares of the Company resumed trading, an announcement having been made.
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SIGNATURE RESOURCES LTD. ("SGU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Share Exchange Agreement dated August 13, 2012 between Eagle Feather Resources Inc. ('Eagle Feather') and the Company. The Company will issue 3,000,000 shares to acquire 100% of the shares of Eagle Feather. Eagle Feather has the option to acquire a 100% interest in four mineral claims located in the Kenora District, Ontario (the 'Lingman Lake Property') by paying an additional $135,000 in three installments and additional $200,000 within one year of the last installment.
300,000 shares will be issued to Donnybrook Capital Corp. (Michael Blady) as a Finder's Fee in connection with this transaction.
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SILVER PURSUIT RESOURCES LTD. ("SPF")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Further to the bulletin dated August 24, 2010, TSX Venture Exchange has accepted for filing documentation pertaining to an Amendment Agreement dated August 30, 2012 between Silver Pursuit Resources Ltd. (the 'Company') and Benjamin Leonardo Lagardo Burton, which amends the terms of a Letter of Intent between the parties dated August 9, 2010, pursuant to which the Company has an option to acquire a 100% interest in the La Quintera property, located in the State of Sonora, Mexico. Under the revised terms, the second anniversary option payment will now consist of US$40,000 and 450,000 shares.
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TNR GOLD CORP. ("TNR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
Effective at 6:30 a.m., PST, September 13, 2012, shares of the Company resumed trading, an announcement having been made.
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TRANSGAMING INC. ("TNG")
BULLETIN TYPE: Warrant Price Amendment
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price of the following Warrants:
| Number of Warrants: | 1,750,000 |
| Expiry Date of Warrants: | July 6, 2016 |
| Original Exercise Price of Warrants: | $0.75 |
| New Exercise Price of Warrants: | $0.53 |
| Accelerated Expiry Provision: | N/A |
These Warrants were issued pursuant to a $3,500,000 Credit Agreement carried-out at arm's length with The Business, Engineering, Science & Technology discoveries Fund and three affiliated funds, which was accepted for filing by TSX Venture Exchange, effective on January 13, 2012.
TRANSGAMING INC. (« TNG » )
TYPE DE BULLETIN : Modification du prix d'exercice des bons de souscription
DATE DU BULLETIN : Le 13 septembre 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté la diminution au prix d'exercice des bons de souscription (les « bons ») suivants :
| Nombre de bons : | 1 750 000 |
| Date d'échéance des bons : | Le 6 juillet 2016 |
| Prix d'exercice des bons à l'origine : | 0,75 $ |
| Nouveau prix d'exercice des bons : | 0,53 $ |
| Disposition d'accélération de l'échéance: | N/A |
Ces bons ont été émis en vertu en vertu d'une convention de crédit à distance de 3 500 000 $ auprès de The Business, Engineering, Science & Technology discoveries Fund et trois fonds affiliés, tel qu'accepté par Bourse de croissance TSX le 13 janvier 2012.
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ULTRA LITHIUM INC. ("ULI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 31, 2012, July 11, 2012 and September 10, 2012:
| Number of Shares: | 20,000,000 shares |
| Purchase Price: | $0.05 per share |
| Warrants: | 20,000,000 share purchase warrants to purchase 20,000,000 shares |
| Warrant Exercise Price: | $0.10 for a two year period |
| Number of Placees: | 4 placees |
Insider / Pro Group Participation:
| Insider=Y / | |||
| Name | ProGroup=P / | # of Shares | |
| Beijing Guofang Mining Investment Co. Ltd. (Zhang Jiaqi) | Y | 10,000,000 | |
| Finders' Fees: | 1,200,000 common shares payable to Weiguo Lang | ||
| $20,000 payable to Shih-Yi Chuang | |||
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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VENDTEK SYSTEMS INC. ("VSI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 19, 2012:
| Number of Shares: | 5,812,000 shares |
| Purchase Price: | $0.11 per share |
| Warrants: | 5,812,000 half-share purchase warrants to purchase 2,906,000 shares |
| Warrant Exercise Price: | $0.20 for an eighteen month period |
| Number of Placees: | 7 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Prininvest Offshore SAL | Y | 3,750,000 |
| Douglas Buchanan | Y | 230,000 |
| Francois Chevallier | Y | 100,000 |
| Martin Parent | Y | 182,000 |
| Finder's Fee: | $11,616 and 105,600 warrants payable to Haywood Securities Inc. | |
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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NEX COMPANY:
XIANBURG DATA SYSTEMS CANADA CORPORATION ("XDS.H")
BULLETIN TYPE: Delist - Failure to Maintain Exchange Requirements
BULLETIN DATE: September 13, 2012
NEX Company
Effective at the close of business, Friday, September 14, 2012, the common shares will be delisted from TSX Venture Exchange for failing to maintain Exchange Requirements. The securities of the Company have been suspended in excess of twelve months.
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SOURCE: TSX Venture Exchange
For further information:
Market Information Services at 1-888-873-8392, or email: [email protected]