VANCOUVER, Oct. 11, 2012 /CNW/ -
TSX VENTURE COMPANIES:
ATORO CAPITAL CORP. ("TTO.P")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 27, 2012:
| Number of Shares: | 2,200,000 shares | ||||||||
| Purchase Price: | $0.05 per share | ||||||||
| Number of Placees: | 16 placees | ||||||||
| Finder's Fee: | SNJ Capital Ltd. (Sokhie Puar) will receive a finder's fee of 176,000 common shares. |
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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CALICO RESOURCES CORP. ("CKB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 7, 2012:
| Number of Shares: | 3,321,000 shares | |||||||||
| Purchase Price: | $0.25 per share | |||||||||
| Warrants: | 1,660,500 share purchase warrants to purchase 1,660,500 shares | |||||||||
| Warrant Exercise Price: | $0.40 for a two year period | |||||||||
| Number of Placees: | 27 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| FCMI Parent Co. (Albert D. Friedberg and Henry Fenig) Andrew H. Wilkes David H. Wilkes Martin Burian Peter Brown Nigel Selby |
P P P P P P |
400,000 150,000 100,000 50,000 200,000 50,000 |
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| Finders' Fees: |
$875 cash and 3,500 warrants payable to Haywood Securities Inc. $10,062.50 cash and 40,250 warrants payable to Mackie Research Capital $12,250 cash and 49,000 warrants payable to Canaccord Capital Corp. $7,000 cash and 28,000 warrants payable to Nordgestion S. A. (Philippe Jordan) $1,750 cash and 7,000 warrants payable to Odlum Brown Limited $4,900 cash and 19,600 warrants payable to Leede Financial Corp. |
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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CANCEN OIL CANADA INC. ("COI")
BULLETIN TYPE: Private Placement-Brokered, Units and Convertible Debenture/s
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced July 4, 2012 and July 18, 2012:
| Number of Units: |
893,000 units Each unit ("Unit") is comprised of one common share and one common share purchase warrant. |
|
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| Purchase Price: | $0.60 per Unit | |||||||||
| Warrants: | 893,000 share purchase warrants to purchase 893,000 shares | |||||||||
| Warrant Exercise Price: | $0.85 for a period of 24 months from closing | |||||||||
| Convertible Debenture | $6,648,000 | |||||||||
| Conversion Price: | Convertible into common shares at a price per common share of $1.00 | |||||||||
| Maturity date: | July 31, 2016 | |||||||||
| Interest rate: | 12% | |||||||||
| Number of Placees: | 128 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
Principal Amount |
||||||||
| James Dartnell Helen Mackie Jeffrey Makie Tricia Leadbeater Brian Petersen Brenda Mackie Kent Coulter Tim Pinkoski Christopher Scase |
P P P P P P P P Y |
$10,000 $100,000 $50,000 $25,000 $40,000 $200,000 $10,000 $25,000 $20,000 |
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| Agent's Fee: |
Stonecap Securities Inc.: $552,181 cash / 208,391 Agent's Warrants Wolverton Securities Ltd.: 95,316 Agent's Warrants Macquarie Private Wealth Inc.: 143,833 Agent's Warrants GMP Securities L.P.: 67,100 Agent's Warrants |
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| Each Agent's Warrant entitles the holder to purchase one common share at a price of $0.60 per common share for up to two years from the date of issuance. |
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CHALLENGER DEEP RESOURCES CORP. ("CDE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 19, 2012:
| Number of Shares: | 2,668,334 shares | |||||||||||
| Purchase Price: | $0.30 per share | |||||||||||
| Warrants: | 2,668,334 share purchase warrants to purchase 2,668,334 shares | |||||||||||
| Warrant Exercise Price: | $0.40 for a two year period | |||||||||||
| Number of Placees: | 19 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
| Ranjeet Sundher Leo Kelly Kudu Partners L.P. (William Lupien) David Elliott Lisa Stefani |
Y Y Y P P |
166,667 83,334 1,000,000 20,000 100,000 |
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| Finders' Fees: |
$21,000 cash and 70,000 warrants payable to Canaccord Genuity Corp. $13,860 cash and 46,200 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. 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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CLEGHORN MINERALS LTD. ("JZZ.P")
BULLETIN TYPE: Halt
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
Effective at 5:02 a.m. PST, October 11, 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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CUMBERLAND OIL & GAS LTD. ("COG")
BULLETIN TYPE: Halt
BULLETIN DATE: October 11, 2012
TSX Venture Tier 1 Company
Effective at 4:55 a.m. PST, October 11, 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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DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 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:
Second Tranche:
| Number of Shares: | 1,675,000 shares | ||||||||||||||
| Purchase Price: | $0.20 per share | ||||||||||||||
| Warrants: | 1,675,000 share purchase warrants to purchase 1,675,000 shares | ||||||||||||||
| Warrant Exercise Price: | $0.40 for a one year period | ||||||||||||||
| Number of Placees: | 11 placees | ||||||||||||||
| Insider / Pro Group Participation: | |||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||
| Graham Moore | P | 200,000 | |||||||||||||
| Finders' Fees: |
$1,400 cash and 7,000 warrants payable to Canaccord Genuity Corp. $3,500 cash payable to Scott Gibson $4,900 cash payable to Peter MacLean $2,800 cash payable to Wolverton Securities Ltd. |
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| - Finder's fee warrants are exercisable at $0.40 per share for one year. |
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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ENSSOLUTIONS GROUP INC. ("ENV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 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:
| Number of Shares: | 11,500,000 shares | ||||||||||||||||||||||||||
| Purchase Price: | $0.05 per share | ||||||||||||||||||||||||||
| Number of Placees: | 1 placee | ||||||||||||||||||||||||||
| Insider / Pro Group Participation: | |||||||||||||||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||||||||||||||
| David Lincoln | Y | 11,500,000 |
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.
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GREAT ATLANTIC RESOURCES CORP. ("GR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 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 October 5, 2012 and October 9, 2012:
| Number of Shares: | 5,175,000 shares | ||||||||
| Purchase Price: | $0.10 per share | ||||||||
| Warrants: | 5,175,000 share purchase warrants to purchase 5,175,000 shares | ||||||||
| Warrant Exercise Price: | $0.12 for an 18 month period | ||||||||
| Number of Placees: | 19 placees | ||||||||
| Finder's Fee: | HBS Financial Planning Ltd. - $12,000 cash payable. |
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.]
________________________________________
GREAT NORTHERN GOLD EXPLORATION CORPORATION ("GGE")
[formerly Doca Capital Corp. ("DCA.P")]
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated October 9, 2012, effective at the opening, Friday, October 12, 2012, trading in the shares of Great Northern Gold Exploration Corporation will resume.
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GREAT WESTERN MINERALS GROUP LTD. ("GWG")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Prospectus:
| # of Warrants: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
41,413,723 October 19, 2012 December 15, 2012 $0.45 |
These warrants were issued pursuant to a prospectus offering of 106,060,606 shares with 53,030,303 share purchase warrants attached, which was accepted for filing by the Exchange effective October 19, 2010.
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MANSFIELD MINERALS INC. ("MDR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 7, 2012:
| Number of Shares: | 13,875,000 shares | |||||||||
| Purchase Price: | $0.40 per share | |||||||||
| Warrants: | 13,875,000 share purchase warrants to purchase 13,875,000 shares | |||||||||
| Warrant Exercise Price: | $0.60 for a two year period | |||||||||
| Number of Placees: | 44 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P |
# of Shares |
||||||||
| Anthony Fierro MRC Holdings (Marion Nelson) Shelley Hoodspith Tracy Seiter |
P P P P |
50,000 50,000 50,000 100,000 |
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| Finders' Fees: | 320,500 finder's units (comprised of one share and one warrant exercisable at $0.60 for two years) and 320,500 finder's options exercisable into shares at $0.45 for two years payable to Axemen Resource Capital Ltd. |
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| 31,250 finder's units (same terms as above) and 31,250 finder's options (same terms as above) payable to PI Financial (US) Corp. |
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| 117,500 finder's units (same terms as above) and 117,500 finder's options (same terms as above) payable to Bedrock Capital Corp. (Paul Matysek). |
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.
________________________________________
NITINAT MINERALS CORPORATION ("NZZ")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an amalgamation agreement (the "Agreement") dated August 21, 2012, between Taman Petroleum Corporation (the "Vendor"), Nitinat Minerals Corporation (the "Company") and 1695211 Alberta Limited. (the "Subco), a wholly-owned subsidiary of the Company. Pursuant to the Agreement, the Company shall acquire all the issued and outstanding securities in the capital of the Vendor and the Vendor shall amalgamate into the Subco.
In consideration the Company must issue 10,000,000 shares to the Vendor.
For more information, refer to the Company's news release dated August 28, 2012.
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OCEANIC IRON ORE CORP. ("FEO")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced September 28, 2012:
| Number of Shares: | 21,875,000 shares | |||||||||
| Purchase Price: | $0.16 per share | |||||||||
| Number of Placees: | 17 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| The Radcliffe Foundation (Frank Guistra) Gordon Keep Sirocco Advisory Services Ltd. (Steven Dean) Gainey Consultants Inc. (John Reynolds) Gregg Sedun Alan Gorman |
Y Y Y Y Y Y |
11,290,000 525,000 625,000 62,500 300,000 100,000 |
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| Finders' Fees: |
Canaccord Genuity Corp. will receive a 6% cash finder's fee of $210,000.00. Endeavour Capital & Advisory (Canada) Ltd. will receive a 1% success fee in the amount of $$35,000. |
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.
________________________________________
OLYMPIA FINANCIAL GROUP INC. ("OLY")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: October 11, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.70 October 31, 2012 October 19, 2012 October 17, 2012 |
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OREMEX SILVER INC. ("OAG")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 11, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 7, 2012:
| Convertible Debenture: | $727,500 | ||||||||
| Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at $0.10 of principal outstanding. | ||||||||
| Maturity date: | Five years from date of issue | ||||||||
| Warrants: | Each warrant will have a term of five years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.10. | ||||||||
| Interest rate: | 16%, 8% of which must be paid in cash and 8% may be payable in shares. | ||||||||
| Number of Placees: | 9 placees | ||||||||
| Finder's Fee: | 250,000 common shares payable to Concept Capital Management 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.
________________________________________
PANTHEON VENTURES LTD. ("PVX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
Effective at 9:15 a.m., PST, October 11, 2012, shares of the Company resumed trading, an announcement having been made.
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PETROFRONTIER CORP. ("PFC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 4, 2012:
| Number of Shares: | 15,384,615 common shares | |||||||||||
| Purchase Price: | $0.65 per unit | |||||||||||
| Warrants: | 15,384,615 share purchase warrants to purchase 15,384,615 shares | |||||||||||
| Warrant Exercise Price: | $0.90 for a period of two years | |||||||||||
| Number of Placees: | 46 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Units |
||||||||||
| James William Buckee Martin McGoldrick Kent Jespersen Joel Ronne Shane Kozak Donald Rae Mark Wayne Edward Alan Knowles Heritage Oil PLC (Michael Hibbard) |
Y Y Y Y Y Y Y Y Y |
769,231 200,000 115,385 75,000 50,000 384,615 100,000 25,000 2,311,767 |
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| Finder's Fee: |
Sprott Private Wealth - $1,462.50 Haywood Securities Inc. - $4,114.50 MGI Securities Inc. - $4,485.00 Macquarie Private Wealth Inc - $2,925.00 |
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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SPOT COFFEE (CANADA) LTD. ("SPP")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to promissory notes (the "Notes"), between Spot Coffee (Canada) Ltd. (the "Company") and four arm's length parties (collectively, the "Lenders"), pursuant to which the Lenders have provided a loan in the aggregate of $200,000 (collectively, the "Loans"), bearing interest at a rate of 9% per annum. The Loans mature five years from the date of issuance.
The Lenders will be issued an aggregate of 400,000 bonus warrants in connection with the Loans. Each warrant is exercisable into one share at a price of $0.25 for five years.
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STATESMAN RESOURCES LTD. ("SRR")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 300,000 bonus shares at a deemed price of $0.15 per share to Glenn Ross Whiddon in consideration of a bridge loan facility of $900,000.
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STRATA-X ENERGY LTD. ("SXE")
[formerly Strata-X Ltd. ("SXE")]
BULLETIN TYPE: Name Change
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders September 18, 2012, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening on Friday, October 12, 2012, the common shares of Strata-X Energy Ltd. will commence trading on TSX Venture Exchange, and the common shares of Strata-X Ltd. will be delisted. The Company is classified as an 'Oil and Gas Exploration and Development' company.
| Capitalization: Escrow: |
Unlimited 45,474,005 13,825,000 |
shares with no par value of which shares are issued and outstanding common shares in Escrow |
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| Transfer Agent: | Olympia Trust Company | |||||||||
| Trading Symbol: CUSIP Number: |
SXE 86271T107 |
(UNCHANGED) (new) |
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TEARLACH RESOURCES LIMITED ("TEA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,166,500 shares and 2,166,500 share purchase warrants to settle outstanding debt for $108,325.
| Number of Creditors: | 1 Creditor | ||||||||
| Warrants: | 2,166,500 share purchase warrants to purchase 2,166,500 shares | ||||||||
| Warrant Exercise Price: | $0.10 for a five year period |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
TRANSEURO ENERGY CORP. ("TSU")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: October 11, 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: Forced Exercise Provision: |
4,954,080 October 13, 2012 April 13, 2013 $0.20 If the closing price for the Company's shares is $0.27 or greater for a period of 10 consecutive trading days, then the warrants will expire on the 37th day following the 10th trading day. |
There are an additional 104,720 insider warrants outstanding which expiry date is also extended to April 13, 2013, but which price will remain at $0.50.
These warrants were issued pursuant to a private placement of 25,294,000 pre-consolidated shares with 25,294,000 share purchase warrants attached, which was accepted for filing by the Exchange effective February 3, 2011.
________________________________________
VIKING GOLD EXPLORATION INC. ("VGC")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: October 11, 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: |
3,750,000 November 2, 2012 May 2, 2013 $0.15 |
These warrants were issued pursuant to a private placement of 3,750,000 shares with 3,750,000 share purchase warrants attached, which was accepted for filing by the Exchange effective November 15, 2010.
________________________________________
W 7 ACQUISITION CORP. ("WSV.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 11, 2012
TSX Venture Tier 2 Company
Effective at the opening on Friday, October 12, 2012, the common shares of W 7 Acquisition Corp. (the "Company") will resume trading. The Company has announced that the letter of intent between the Company and Earth Video Camera Inc. dated July 18, 2012 has expired and that the proposed Qualifying Transaction will not be proceeding.
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NEX COMPANIES:
ATLANTIC INDUSTRIAL MINERALS INC. ("ANL.H")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 11, 2012
NEX Company
TSX Venture Exchange has accepted for filing documentation relating to an Option Agreement dated September 26, 2012 between the Company and Canalaska Uranium Inc. ("CanAlaska") whereby the Company is optioning a 100% interest in the 14,000 hectare Reefton Gold Project, an exploration project located in South Island, New Zealand. CanAlaska is retaining a 2% NSR with a 50% buy-back for C$1,000,000. The total aggregate consideration is C$318,000 comprised of $300,000 cash ($25,000 payable by December 31, 2012, $25,000 payable by December 31, 2013, $50,000 payable by December 31, 2014, and $200,000 payable in Q1 of 2015). The remaining C$18,000 is payable by the issuance of 300,000 common shares at a deemed price of $0.06 per share in Q1 2015. The Company must also pay lease rentals to the New Zealand government in the amount of approximately C$50,000 per annum, and conduct an exploration program including 1,500 metres of drilling by December 31, 2014. A finder's fee of 300,000 shares (payable 100,000 shares upon Exchange acceptance and 200,000 shares upon final exercise of the option) will be paid to Merrex Gold Inc. The transaction is at arm's length.
Insider / Pro Group Participation: N/A
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NORROCK REALTY FINANCE CORPORATION ("RF.H")
BULLETIN TYPE: Redemption
BULLETIN DATE: October 11. 2012
NEX Company
TSX Venture Exchange has accepted for filing, notice of 42,000 Class A shares were redeemed in the month of September 2012.
For further information, please refer to the Company's 2011 Annual Information Form dated March 30, 2012.
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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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