VANCOUVER, Oct. 25, 2012 /CNW/ -
TSX VENTURE COMPANIES:
BANKS ISLAND GOLD LTD. ("BOZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 5, 2012:
| Number of Shares: | 404,000 flow-through shares | ||||||||||
| Purchase Price: | $0.87 per share | ||||||||||
| Number of Placees: | 9 placees | ||||||||||
| Finder's Fee: | Russell Horton will receive a finder's fee of 16,640 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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BISON GOLD RESOURCES INC. ("BGE")
BULLETIN TYPE: Halt
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
Effective at 8:55 a.m. PST, October 25, 2012, trading in the shares of the Company was halted pending company contact. 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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BROOME CAPITAL INC. ("BCP.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
Further to TSX Venture Exchange bulletin dated October 23, 2012, effective at the open on October 26, 2012, shares of the Company will resume trading.
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C-COM SATELLITE SYSTEMS INC. ("CMI")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: October 25, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.0075 November 16, 2012 November 2, 2012 October 31, 2012 |
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CYNAPSUS THERAPEUTICS INC. ("CTH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 24, 2012:
| Number of Shares: | 3,400,000 shares | ||||||
| Purchase Price: | $0.05 per share | ||||||
| Warrants: | 3,400,000 share purchase warrants to purchase 3,400,000 shares | ||||||
| Warrant Exercise Price: | $0.0625 per share if exercised within the first year and at a price of $0.10 per share if exercised within the second, third, fourth and/or fifth years | ||||||
| Number of Placees: | 10 placees | ||||||
| Finder's Fee: | A cash commission of $5,200 and 104,000 finders' warrants payable to Northern Securities Inc. Each finder's warrant entitles the holder to acquire one common share at $0.0625 if exercised within the first year and at a price of $0.10 per share if exercised within the second, third, fourth and/or fifth years. |
For further details, please refer to the Company's news release dated October 24, 2012.
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DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
Further to the bulletin dated October 11, 2012, TSX Venture Exchange has accepted for filing an amendment to the second tranche of the Non-Brokered Private Placement announced September 10, 2012. The rest of the bulletin remains unchanged.
There is no finder's fee payable to Wolverton Securities Ltd.
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FAITH SPRING VENTURE INC. ("FSR.P")
BULLETIN TYPE: New Listing-CPC-Shares, Halt
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
This Capital Pool Company's ('CPC') Prospectus dated July 26, 2012, has been filed with and accepted by TSX Venture Exchange and each of the British Columbia and Alberta Securities Commissions effective July 30, 2012, pursuant to the provisions of the British Columbia Securities Act. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below.
The Company intends to complete its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering will be $200,000 (2,000,000 common shares at $0.10 per share).
| Commence Date: | At the opening on Friday, October 26, 2012, the Common shares will be listed and halted on TSX Venture Exchange. |
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| Corporate Jurisdiction: | Business Corporations Act (British Columbia) | |||||||||
| Capitalization: Escrowed Shares: |
Unlimited 4,000,000 2,000,000 |
common shares with no par value of which common shares are issued and outstanding common shares |
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| Transfer Agent: Trading Symbol: CUSIP Number: Sponsoring Member: |
Valiant Trust Company (Vancouver) FSR.P 30605V 10 7 Canaccord Genuity Corp. (Vancouver) |
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| Agent's Warrants: | 200,000 non-transferable warrants. One warrant to purchase one share at $0.10 per share up to 24 months. |
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For further information, please refer to the Company's Prospectus dated July 26, 2012.
| Company Contact: Company Address: Company Phone Number: Company Fax Number: Company Email Address: |
Jeremy Caddy (CEO, Chairman, Director, and Promoter) c/o Suite 800 - 885 West Georgia Street, Vancouver, BC, V6C 3H1 (604) 682-6718 None [email protected] |
Seeking QT primarily in these sectors: Natural Resources.
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GIYANI GOLD CORP. ("WDG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. has accepted for filing documentation in connection with an agreement between Giyani Gold Corp. (the "Company") and Kytanite Development Corp. ("Kytanite") dated October 28, 2011 (the "Agreement") pursuant to which the Company will acquire Kytanite's interest in the Rock Island gold properties which are comprised of two prospecting licenses located in the Limpopo province, South Africa which were issued to Rock Island Trading (Pty) Ltd. ("Rock Island").
Pursuant to the Agreement, the Company will acquire 100% of the issued and outstanding shares of Lexshell 831 Investments (Pty) Ltd. ("Lexshell 831"). Lexshell 831 holds 80% of the issued and outstanding shares of Lexshell 837 Investments (Pty) Ltd. ("Lexshell 837") with the balance of 20% held by the Company's Black Economic Empowerment ("BEE") partner Malungani Resources (Pty) Ltd. Lexshell 837 holds 45% of the issued and outstanding shares of Rock Island (the "Rock Island Shares"). Lexshell 837 acquired the Rock Island Shares from Johan Bernard Scheffer ("Scheffer") under a sale of shares agreement (the "Scheffer Agreement") dated December 2, 2010 between Lexshell 837, Scheffer and Rock Island. The Company has paid Rand $1,500,000 and will issue 250,000 common shares to Scheffer under the Scheffer Agreement.
Pursuant to the Agreement the Company will pay C$2,500,000 and issue 2,500,000 common shares in the capital of the Company of which 9% will be granted to local BEE partners. The amount paid and the shares issued to Scheffer under the Scheffer Agreement will be set off against the amounts to be paid and the shares to be issued, to Kytanite. Upon completion of the acquisition of Kytanite's interest in Rock Island, the Company, along with its BEE partners and the other 45% shareholder in Rock Island, being Corridor Mining Resources (Pty) Ltd., a wholly owned subsidiary of the Limpopo provincial government economic development agency, Limpopo Economic Development Enterprise, will hold 90% of Rock Island with the balance of 10% to be held by the community trust of Limpopo.
Insider / Pro Group Participation: None
For further information see the Company's news release dated October 28, 2011 which is available under the Company's profile on SEDAR.
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to the closing of a Non-Brokered Private Placement announced October 6, 2010, a portion of which closed in October 2010 and the remainder of which has been held in escrow since 2010 and will close following the date hereof:
| Number of Shares: |
13,333,330 common shares 1,428,572 flow-through shares |
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| Purchase Price: |
$0.60 per common share $0.70 per flow-through share |
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| Warrants: | 6,666,665 share purchase warrants to purchase 6,666,665 shares | |||||||||
| Warrant Exercise Price: | $0.85 per share for a two year period from the date of issuance. The warrants are subject to an accelerated exercise provision in the event the volume weighted 20-day average share price is $1.00 or higher. |
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| Number of Placees: | 116 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
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| Haywood Securities ITF David Shemilt Gundy Co. ITF Michael Gardner Patrick Langlois Gundy Co. ITF Richard Vaive NBCN Clearing Inc. ITF Roger Laine Fidelity Clearing Canada ITF Donato Sferra GMP Securities ITF Alan Cheatley Casper K. Bych Casper K Bych ITF Mikkel Bych, Jensen & Alberte Bych Jensen Macquarie Private Wealth Inc. ITF Dana Gilman Darren Tindale Duane Parnham NBCN Clearing Inc. ITF Jennifer Courteau Kevin Everingham Penson Financial ITF Chris Naprawa Erik Dekker NCBN Inc. ITF Rober P. Stabile Canaccord Genuity Corp. ITF Jason Tomkinson |
P P P Y Y P P Y Y P Y Y P P P P P P |
28,571 f/t 58,333 nf/t 100,000 nf/t 75,000 nf/t 120,000 nf/t 50,000 nf/t 50,000 nf/t 142,857 f/t 200,000 nf/t 28,571 f/t 50,000 nf/t 1,667 nf/t 1,247,000 nf/t 50,000 nf/t 392,857 f/t 436,666 nf/t 66,667 nf/t 100,000 nf/t 57,142 f/t 34,286 f/t 30,000 f/t 10,000 nf/t |
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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GOLCONDA RESOURCES LTD. ("GA")
BULLETIN TYPE: Resume Trading, Reviewable Transaction-Announced
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
Effective at the open on Friday, October 26, 2012, trading in the Company's shares will resume.
This resumption of trading does not constitute acceptance of the Reviewable Transaction, and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The Company is required to submit all of the required initial documentation relating to the transaction. IF THIS DOCUMENTATION IS NOT PROVIDED, OR IS INSUFFICIENT, A TRADING HALT MAY BE RE-IMPOSED.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.
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GT CANADA MEDICAL PROPERTIES REAL ESTATE INVESTMENT TRUST ("MOB.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
| Distribution per Trust Unit: Payable Date: Record Date: Ex-Distribution Date: |
$0.005334 November 15, 2012 October 31, 2012 October 29, 2012 |
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HTC PURENERGY INC. ("HTC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 25, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 23, 2012:
| Number of Shares: | 1,350,000 common shares | ||||||
| Purchase Price: | $0.13 per unit | ||||||
| Warrants: | 1,350,000 share purchase warrants to purchase 1,350,000 common shares | ||||||
| Warrant Exercise Price: | $0.17 for a period of five years | ||||||
| Number of Placees: | 3 placees |
No Insider / Pro Group Participation
No Finder's Fee
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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KCO CAPITAL INC. ("KCO.P")
BULLETIN TYPE: New Listing-CPC-Shares, Halt
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
This Capital Pool Company's ('CPC') Prospectus dated July 31, 2012, has been filed with and accepted by TSX Venture Exchange and each of the British Columbia and Alberta Securities Commissions effective August 1, 2012, pursuant to the provisions of the British Columbia Securities Act. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below.
The Company intends to complete its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering will be $400,000 (4,000,000 common shares at $0.10 per share).
| Commence Date: | At the opening on Friday, October 26, 2012, the Common shares will be listed and halted on TSX Venture Exchange. |
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| Corporate Jurisdiction: | Business Corporations Act (British Columbia) | |||||||||
| Capitalization: Escrowed Shares: |
Unlimited 8,000,000 4,000,000 |
common shares with no par value of which common shares are issued and outstanding common shares |
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| Transfer Agent: Trading Symbol: CUSIP Number: Sponsoring Member: |
Equity Financial Trust Company (Vancouver) KCO.P 48244C 10 8 Canaccord Genuity Corp. (Vancouver) |
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| Agent's Warrants: | 400,000 non-transferable warrants. One warrant to purchase one share at $0.10 per share up to 24 months. |
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For further information, please refer to the Company's Prospectus dated July 31, 2012.
| Company Contact: Company Address: Company Phone Number: Company Fax Number: Company Email Address: |
Kim Oishi (CEO, CFO, Director, & Promoter) 1055 West Hastings Street, #300, Vancouver, BC, V6E 2E9 (778) 997-6228 None [email protected] |
Seeking QT primarily in these sectors: Unknown.
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KWG RESOURCES INC. ("KWG")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: October 25, 2012
TSX Venture Tier 1 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 October 23, 2012, it may repurchase for cancellation, up to 33,515,847 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period starting on October 31, 2012 and ending on October 30, 2013. Purchases pursuant to the bid will be made by Jones Gable and Company Limited on behalf of the Company.
RESSOURCES KWG INC. (« KWG »)
TYPE DE BULLETIN : Offre publique de rachat dans le cours normal des activités
DATE DU BULLETIN : Le 25 octobre 2012
Société du groupe 1 de TSX Croissance
La Bourse de croissance TSX a été avisée par la société qu'en vertu d'un avis d'intention de procéder à une offre publique de rachat, dans le cours normal des activités, daté du 23 octobre 2012 elle peut racheter pour fins d'annulation jusqu'à 33 515 847 actions de son propre capital actions. Les achats seront effectués par l'entremise de la Bourse de croissance TSX durant la période débutant le 31 octobre 2012 et se terminant le 30 octobre 2013. Les achats en vertu de l'offre publique seront effectués par Jones Gable and Company Limited pour le compte de la société.
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MOSAIC CAPITAL CORPORATION ("M") ("M.PR.A")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: October 25, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Common Share: Distribution per Preferred Security: Payable Date: Record Date: Ex-Dividend Date: |
$0.03 $0.0833 November 15, 2012 October 31, 2012 October 29, 2012 |
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NEVADA EXPLORATION INC. ("NGE")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 50,049 common shares at a deemed price of $0.109 per share, to settle an outstanding debt of $5,467.11, as announced in a press release dated October 24, 2012.
| Number of Creditors: | 1 creditor |
The Company will issue a news release when the debt is settled and the shares have been transferred.
NEVADA EXPLORATION INC. (« NGE »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 25 octobre 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 50 049 actions ordinaires au prix réputé de 0,109 $ l'action, en règlement d'une dette de 5 467,11 $, tel qu'annoncé par voie d'un communiqué de presse daté du 24 octobre 2012.
| Nombre de créanciers : | 1 créancier |
La société émettra un communiqué de presse quand la dette sera réglée et les actions seront transférées.
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NORDIC OIL AND GAS LTD. ("NOG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 58,800 shares to settle outstanding debt for $2,940.00.
| Number of Creditors: | 1 Creditor |
No Insider / Pro Group Participation
The Company shall issue a news release when the shares are issued and the debt extinguished.
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PACIFIC WILDCAT RESOURCES CORP. ("PAW")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 25, 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:
| Convertible Debenture: | A non-revolving credit facility of $2,100,000 available for draw-down by the Company in three tranches of $500,000 and one tranche of $600,000 on pre-determined dates. The Company will issue a convertible note for the amount of each drawdown. | ||||||
| Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at a price being the greater of $0.11 per unit and the market price of the Company's shares at the time of issuance. A maximum of 19,090,909 shares and 19,090,909 warrants are issuable in total. | ||||||
| Maturity date: | Each convertible note will convert on the earlier of twelve months from the date of issuance of the note, or upon completion of a disposition by the Company of its assets at a deemed value of not less than $3,000,000. | ||||||
| Warrants: | Each warrant will have a term of twelve months from the date of issuance of the respective note and entitle the holder to purchase one common share. The warrants are exercisable at the price being the greater of $0.11 per unit and the market price of the Company's shares at the time of issuance. | ||||||
| Interest rate: | 15% per annum | ||||||
| Number of Placees: | 1 placee | ||||||
| Finder's Fee: | A finder's fee is payable to BlueMount Capital (WA) Pty Ltd. in respect of each draw-down. The fee will be equal to 10% in cash of the amount of each draw-down and finder's options totaling 25% of the number of common shares that may be issued on conversion of each note at an exercise price equal to the greater of $0.11 and the market price of the Company's shares at the time of the specific draw down. A maximum of $210,000 in cash and 4,772,727 options will be issuable to the finder. |
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 and on the issuance of each convertible note, setting out the conversion terms, expiry dates and details of the finder's fee. 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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RMS SYSTEMS INC. ("RMS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 11, 2012:
| Number of Shares: | 9,500,000 common shares | |||||||||||||||||||||||||||||||
| Purchase Price: | $0.18 per share | |||||||||||||||||||||||||||||||
| Number of Placees: | 1 placee | |||||||||||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
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| PHX Energy Services Corp. (John Hooks) |
Y |
9,500,000 |
No Finder's Fee
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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UNITY ENERGY CORP. ("UTY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 25, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an Option Agreement dated October 24, 2012 between Unity Energy Corp. (the "Company") and Geomode Mineral Exploration Ltd. (the "Optionor") whereby the Company may acquire a 100% interest in 4 uranium claims covering a 3,000 hectare area, known as the North Shea Property (the "Property") located in the Athabasca Basin, Saskatchewan.
The consideration payable to the Optionor consists of cash payments totaling $410,000; the issuance of 2,000,000 common shares of the Company and exploration expenditures on the Property in the amount of $3,000,000 payable over a four year period.
The Optionor will retain a 1% Net Smelter Return royalty which may be purchased at any time by the Company by paying the Optionor $1,500,000 less all amounts previously received by the Optionor as royalty payments.
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VANGOLD RESOURCES LTD. ("VAN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 25, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 9, 2012:
| Number of Shares: | 6,000,000 shares | ||||||||||||||||||||||||||||||||||||
| Purchase Price: | $0.10 per share | ||||||||||||||||||||||||||||||||||||
| Number of Placees: | 15 placees | ||||||||||||||||||||||||||||||||||||
| Insider / Pro Group Participation: | |||||||||||||||||||||||||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
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| Robert Chenery Mike Mackey NEMI Northern Energy & Mng Inc. Secret Cove Management (D. Brynelsen) |
Y Y Y Y |
100,000 100,000 2,250,000 1,000,000 |
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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NEX COMPANY:
NORZAN ENTERPRISES LTD. ("NRZ.H")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 25, 2012
NEX Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,390,782 shares to settle outstanding debt for $169,539.07.
| Number of Creditors: | 3 Creditors | |||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||
| Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
| Joseph Yelder Jessie Honaker Estate (Joseph Yelder) |
Y Y |
$80,794.11 $17,891.78 |
$0.05 $0.05 |
1,615,882 357,836 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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NORZAN ENTERPRISES LTD. ("NRZ.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 25, 2012
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement of convertible debentures announced October 24, 2012. The Company is restructuring existing loans by adding a convertible feature and issuing detachable warrants. The Company has not raised new capital.
| Convertible Debenture: | $79,041.12 | |||||||||
| Conversion Price: | Convertible into 790,412 common shares | |||||||||
| Maturity date: | One year from date of issuance | |||||||||
| Warrants: | 790,412 detachable warrants, each warrant having a term of one year from the date of issuance of the notes and entitles the holder to purchase one common share. The warrants are exercisable at the price of $0.10. |
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| Interest rate: | 8% per annum | |||||||||
| Number of Placees: | 3 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
Principal Amount |
||||||||
| Joseph Yelder Charles Ross |
Y Y |
$34,097.90 $4,438.20 |
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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NORZAN ENTERPRISES LTD. ("NRZ.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 25, 2012
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 24, 2012. The Company is replacing matured convertible debentures and issuing detachable warrants. The Company has not raised new capital.
| Convertible Debenture: | $1,028,018.22 | |||||||||
| Conversion Price: | Convertible into 10,280,183 common shares. | |||||||||
| Maturity date: | One year from date of issuance | |||||||||
| Warrants: | 10,280,183 detachable warrants, each warrant having a term of one year from the date of issuance of the notes and entitles the holder to purchase one common share. The warrants are exercisable at the price of $0.10. |
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| Interest rate: | 8% per annum | |||||||||
| Number of Placees: | 9 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
Principal Amount |
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| Joseph Yelder Charles Ross Moldaven Capital Corporation (Charles Ross) |
Y Y Y |
$68,930.10 $29,582.00 $93,282.50 |
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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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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