VANCOUVER, Nov. 9, 2012 /CNW/ -
TSX VENTURE COMPANIES:
ASANTE GOLD CORPORATION ("ASE")
BULLETIN TYPE: Halt
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
Effective at 6:15 a.m. PST, November 9, 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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BRANCO RESOURCES LTD. ("BNL.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
Further to TSX Venture Exchange bulletin dated November 7, 2012, effective at the open on Monday, November 12, 2012, shares of the Company will resume trading.
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ARCTIC STAR EXPLORATION CORP. ("ADD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 9, 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 and October 19, 2012:
| Number of Shares: |
2,645,000 flow-through shares 3,407,000 non-flow-through shares |
|
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| Purchase Price: | $0.15 per flow-through and non-flow-through share | |||||||||
| Warrants: | 6,052,000 share purchase warrants to purchase 6,052,000 shares | |||||||||
| Warrant Exercise Price: | $0.30 for a two year period | |||||||||
| Number of Placees: | 37 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
| Rosa M. Bitoni BJ Financialo Accounting Consulting Inc. (Brijinder Jassal) Michael Leahy Thomas Yingling Azeem Virjee |
P Y P Y P |
232,500 f/t 100,000 f/t 166,666 f/t 100,000 f/t 135,000 nf/t |
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| Finder's Fee: | Canaccord Genuity Corp. will receive a finder's fee of $53,550.00 and 357,000 Finder Warrants that are exercisable into common shares at $0.15 per share in the first year and at $0.30 in the second 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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AVIVAGEN INC. ("VIV")
BULLETIN TYPE: Private Placement-Non Brokered, Amendment
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has been advised that the private placement mentioned in the Exchange's bulletin dated November 1, 2012 was a Non-Brokered Private Placement (instead of a Brokered Private Placement). There is no other amendment to the disclosure of the Exchange's bulletin dated November 1, 2012.
AVIVAGEN INC. (« VIV »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier, Amendement
DATE DU BULLETIN : Le 9 novembre 2012
Société du groupe 2 de TSX croissance
Bourse de croissance TSX (la « Bourse ») a été informée que le placement privé mentionné dans le bulletin de la Bourse daté du 1 novembre 2012 était un placement privé sans l'entremise d'un courtier (plutôt qu'un placement privé par l'entremise d'un courtier). Il n'y a pas d'autre amendement au bulletin de la Bourse daté du 1 novembre 2012.
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CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 10, 2012, August 13, 2012 and September 13, 2012::
| Number of Shares: | 10,300,000 shares | ||||||
| Purchase Price: | $0.15 per share | ||||||
| Warrants: | 10,300,000 share purchase warrants to purchase 10,300,000 shares | ||||||
| Warrant Exercise Price: |
$0.20 for a one year period $0.25 in the second year |
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| Number of Placees: | 1 placee | ||||||
| Finder's Fee: | 1,320,240 shares payable to ABC Mojo Capital Holdings |
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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CAITERRA INTERNATIONAL ENERGY CORPORATION ("CTI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 17, 2012:
| Number of Shares: | 3,684,211 shares | ||||||||
| Purchase Price: | $0.19 per share | ||||||||
| Number of Placees: | 1 placee |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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CANADA STRATEGIC METALS INC. ("CJC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 9, 2012:
| Number of Shares: | 2,050,000 shares | |||||||||||
| Purchase Price: | $0.055 per share | |||||||||||
| Warrants: | 2,050,000 share purchase warrants to purchase 2,050,000 shares | |||||||||||
| Warrant Exercise Price: | $0.10 for a two year period | |||||||||||
| Number of Placees: | 11 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
| Steve Benjamin | P | 175,000 |
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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CANADIAN OREBODIES INC. ("CO")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: November 9, 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: |
6,325,666 November 19, 2012 November 19, 2013 $0.18 |
These warrants were issued pursuant to a private placement of 12,651,332 shares with 6,325,666 share purchase warrants attached, which was accepted for filing by the Exchange effective December 1, 2010.
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CARDIFF ENERGY CORP. ("CRS")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 166,665 shares at a deemed price of $0.09 and 600,000 shares at a deemed price of $0.05, in consideration of certain services provided to the Company pursuant to four Consulting Agreement (the "Agreement") dated June 1, 2011 (three Agreements, one amended on July 1, 2012) and July 1, 2012 (one Agreement). Please refer to the Company's news release dated August 29, 2012 and October 3, 2012.
The Company shall issue a news release when the shares are issued.
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CAVAN VENTURES INC. ("CVN")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 400,000 bonus shares in consideration of $100,000 loan advanced to the Company.
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CLEARFORD INDUSTRIES INC. ("CLI")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
Further to TSX Venture Exchange (the "Exchange") bulletin dated March 16, 2012, the Exchange has accepted for filing the Company's proposed documentation pertaining to an increase in the revolving credit facility (the "Loan") between Clearford Industries Inc. (the "Company") and Mundaun Financial Design AG (the "Lender"). The Lender will provide an increase in the principle of the Loan of up to $900,000 from $5,500,000 to $6,400,000. The Loan bears interest at a rate of 11% per annum and matures March 15, 2032.
Additionally, the Exchange has accepted for filing a bonus of 2,045,000 warrants to be issued to the Lender in connection with the Loan. Each warrant is exercisable into one common share at $0.235 per share for a three year period. The Company will also pay a finder's fee of 10% for the amounts of the loan advanced to Canadian Water Projects Inc.
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DOXA ENERGY LTD. ("DXA")
BULLETIN TYPE: Warrant Term Extension, Warrant Price Amendment
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has consented to the extension in the expiry date and the reduction in exercise price of the following warrants:
Private Placement:
| # of Warrants: | 1,762,750 | |||||
| Original Expiry Date of Warrants: Original Exercise Price of Warrants: New Exercise Price of Warrants: |
May 18, 2012 (Extended to May 18, 2013 as approved by the Exchange on May 2, 2012) $0.75 $0.30 |
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| Forced Exercise Provision: | If the closing price for the Company's shares is $0.375 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. |
These warrants were issued pursuant to a private placement of 5,205,000 shares with 2,602,500 share purchase warrants attached, which was accepted for filing by the Exchange effective May 25, 2010.
Private Placement:
| # of Warrants: | 5,430,428 | |||||
| Original Expiry Date of Warrants: New Expiry Date of Warrants: Original Exercise Price of Warrants: New Exercise Price of Warrants: |
November 23, 2012 November 23, 2013 $0.55 $0.30 |
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| Forced Exercise Provision: | If the closing price for the Company's shares is $0.375 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. |
These warrants were issued pursuant to a private placement of 10,860,856 shares with 5,430,428 share purchase warrants attached, which was accepted for filing by the Exchange effective November 18, 2010.
Private Placement:
| # of Warrants: | 5,714,285 | |||||
| Original Expiry Date of Warrants: Original Exercise Price of Warrants: New Exercise Price of Warrants: |
June 30, 2014 and July 6, 2014 $0.475 $0.30 |
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| Forced Exercise Provision: | If the closing price for the Company's shares is $0.375 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. |
These warrants were issued pursuant to a private placement of 5,714,285 shares with 5,714,285 share purchase warrants attached, which was accepted for filing by the Exchange effective July 12, 2011.
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FRONSAC REAL ESTATE INVESTMENT TRUST ("GAZ.UN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to the arm's length acquisition by Fronsac Real Estate Investment Trust ("Fronsac") of a real estate property located in Les Coteaux, province of Québec, for a total deemed consideration of $1,299,999.90 of which $250,000 has already been paid to the vendor, $99,999.90 was paid by the issuance of 333,333 units of Fronsac and the balance of $950,000 will be paid through a debt bearing an annual rate of 5% and will payable three years after the closing of the transaction.
For further information, please refer to the Company's press release dated November 1, 2012.
FIDUCIE DE PLACEMENT IMMOBILIER FRONSAC (« GAZ.UN »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 9 novembre 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à l'acquisition par Fiducie de placement immobilier Fronsac (« Fronsac ») d'une propriété immobilière située à Les Coteaux, province de Québec, pour une contrepartie totale de 1 299 999,90 $ dont 250 000 $ a déjà été remis au vendeur, 99 999,90 $ a été payé par l'émission en faveur du vendeur de 333 333 unités de Fronsac et le solde de 950 000 $ a été financé au taux annuel de 5 % et sera payable trois (3) ans après la date de clôture de la transaction.
Veuillez-vous référer au communiqué de presse émis par la société le 1 novembre 2012.
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LOUNOR EXPLORATION INC. ("LO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an arm's length property option agreement, in connection with the acquisition of an interest of up to 100% in the 105 claims of the Matagami Property (the "Property"), located in the Isle-Dieu Township of the Province of Québec.
The consideration payable by the Company includes the issue 15,000,000 common shares over a period of two years (7,500,000 within the first year), a cash payment of $40,000 over a period of four years ($20,000 within the first year), and a commitment to incur $4,250,000 in exploration expenditures over a period of six years. After fulfilling these commitments, the Company will have to pay in favour of the Vendors a lump sum of $125,000 on a monthly basis over a period of 24 months for a total of $3,000,000.
The Vendors have retained a 0.5 % NSR royalty on the property and there is also a 2% NSR on the property in favour of a former owner.
For further information, please refer to the Company's press release dated March 22, 2012.
EXPLORATION LOUNOR INC. (« LO »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 9 novembre 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents relativement à une convention d'option de propriété et signée à distance concernant l'acquisition d'un intérêt allant jusqu'à 100 % dans les 105 claims miniers composants la propriété Matagami, située dans le canton d'Isle-Dieu dans la province de Québec.
La considération payable par la société consiste en l'émission de 15 000 000 d'actions ordinaires au cours d'une période de deux ans (7 500 000 pendant la première année), un paiement de 40 000 $ au cours d'une période de quatre ans (20 000 $ pendant la première année) et un engagement à effectuer 4 250 000 $ en travaux d'exploration au cours d'une période de six ans. Après qu'elle aura rempli ces engagements, la société devra verser au vendeur une somme forfaitaire de 125 000 $ sur une base mensuelle au cours d'une période de 24 mois, pour une somme totale de 3 000 000 $.
Les vendeurs ont conservé une redevance NSR de 0,5 % dans la propriété et il existe également une redevance NSR de 2 % en faveur d'un ancien propriétaire.
Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 22 mars 2012.
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NORTHERN FINANCIAL CORPORATION ("NFC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 9, 2012:
| Number of Shares: | 2,000,000 common shares | |||||||||||||||||||||||||||||||
| Purchase Price: | $0.05 per share | |||||||||||||||||||||||||||||||
| Number of Placees: | 1 placee | |||||||||||||||||||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||||||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||||||||||||||||||||||
| Vic Alboini | Y | 2,000,000 |
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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QUANTUM RARE EARTH DEVELOPMENTS CORP. ("QRE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 9, 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: | 2,756,160 shares | |||||||||
| Purchase Price: | $0.125 per share | |||||||||
| Warrants: | 2,756,160 share purchase warrants to purchase 2,756,160 shares | |||||||||
| Warrant Exercise Price: | $0.25 for a two year period | |||||||||
| Number of Placees: | 22 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
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| David Hamilton-Smith Casey Forward Peter Dickie |
P Y Y |
200,000 288,000 400,000 |
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| Finder's Fee: | $11,600 plus 92,800 share purchase warrants, with each warrant exercisable into one common share at $0.125 per share for a two year period, is payable to Canaccord Genuity 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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SARAMA RESOURCES LTD. ("SWA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 6, 2012:
| Number of Shares: | 555,556 shares | ||||||
| Purchase Price: | $0.90 per share | ||||||
| Warrants: | 277,778 share purchase warrants to purchase 277,778 shares | ||||||
| Warrant Exercise Price: | $1.20 for a two year period | ||||||
| Number of Placees: | 1 placee |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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VANTEX RESOURCES LTD. ("VAX")
BULLETIN TYPE: Private Placement- Brokered
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced November 7, 2012:
| Number of Shares: | 1,756,000 flow-through common shares and 439,000 common shares | ||||||
| Purchase Price: | $0.12 per flow-through common share and $0.12 per common share | ||||||
| Warrants: | 1,097,500 warrants to purchase 1,097,500 common shares | ||||||
| Warrant Exercise Price: | $0.15 per share for a 12-month period following the closing of the Private Placement | ||||||
| Number of Placees: | 26 placees | ||||||
| Agent's Fees: | Avenue Capital Markets Inc. ("ACM") received a cash commission of $19,440 and 166,000 broker's warrants enabling ACM to purchase 166,000 common shares at an exercise price of $0.12 per share during a period of 12 months following the closing. Cannacord Genuity Corp. received $480 in cash. |
The Company has confirmed the closing of the above-mentioned Private Placement.
RESSOURCES VANTEX LTÉE (« VAX »)
TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier
DATE DU BULLETIN : Le 9 novembre 2012
Société du groupe 2 de TSX croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé par l'entremise d'un courtier, tel qu'annoncé le 7 novembre 2012 :
| Nombre d'actions : | 1 756 000 actions ordinaires accréditives et 439 000 actions ordinaires | ||||||
| Prix : | 0,12 $ par action ordinaire accréditive et 0,12 $ par action ordinaire | ||||||
| Bons de souscription : | 1 097 500 bons de souscription permettant de souscrire à 1 097 500 actions ordinaires | ||||||
| Prix d'exercice des bons : | 0,15 $ par action pour une période de 12 mois suivant la clôture du placement privé | ||||||
| Nombre de souscripteurs : | 26 souscripteurs | ||||||
| Honoraires des agents : | Avenue Capital Markets Inc. a reçu une commission en espèces de 19 440 $ et 166 000 bons de souscription permettant de souscrire à 166 000 actions ordinaires au prix d'exercice de 0,12 $ par action ordinaire pendant 12 mois suivant la clôture. Cannacord Genuity Corp. a reçu 480 $ en espèces. |
La société a confirmé la clôture du placement privé.
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VANTEX RESOURCES LTD. ("VAX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a purchase agreement, between Golden Share Mining Corporation (the "Vendor") and the Company, relating to the 100% acquisition of the 17 claims comprising the Lac Fortune West Property (the "Property"), situated in the Abitibi region in the province of Québec.
Under the terms of the agreement signed November 2, 2012, the Company must issue 1,000,000 common shares to the Vendor in the first year upon signing, as well as make a cash payment of $100,000.
The Vendor will conserve a Net Smelter Royalty of 1% on the Property. An annual 1.5% advance royalty ($5,000) will also be paid to the original owner of the Property.
For further information, please refer to the Company's press release dated November 7, 2012.
RESSOURCES VANTEX LTÉE (« VAX »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actifs ou d'actions
DATE DU BULLETIN : Le 9 novembre 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents relatifs à l'amendement d'une convention d'option entre Corporation minière Golden Share (le « vendeur ») et la société relativement à l'acquisition de 100 % des 17 claims miniers qui composent la propriété de « Lac Fortune Ouest » (la « propriété »), située dans la région d'Abitibi, dans la province de Québec.
Selon les termes de l'entente pour la Propriété, tel que signée le 2 novembre 2012, la société doit émettre au vendeur, pendant la première année suite à la signature de l'entente, 1 000 000 d'actions ordinaires ainsi qu'effectuer un paiement en espèces de 100 000 $.
Le vendeur conservra une redevance « NSR » de 1 % sur la propriété. Une avance relative à une royauté de 1,5 % (5 000 $) sera également payée au propriétaire original de la propriété.
Pour plus d'information, veuillez vous référer au communiqué de presse émise par la société le 7 novembre 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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