TSX Venture Exchange Daily Bulletins

VANCOUVER, Dec. 12, 2012 /CNW/ -

TSX VENTURE COMPANIES:

BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: December 12, 2012

Re: Private Placements - Extension and Modification of Temporary Relief from Certain Pricing Requirements

By way of Bulletin/Notice to Issuers dated August 17, 2012 (the "Original Bulletin"), TSX Venture Exchange ("TSXV" or the "Exchange") implemented, on a temporary basis, relief from certain existing pricing requirements related to Private Placement financings.  The three temporary measures (the "Relief Measures") are as follows:

1. Allowing a share/unit offering with an offering price below $0.05.
   
   
2. Allowing a debenture offering with a debenture conversion price below $0.10.
   
   
3. Allowing offerings involving a warrant with an exercise price below $0.10.

Effective as of the date of this bulletin, the Exchange is extending the Relief Measures to April 30, 2013.  For the purposes of this bulletin, the period of August 17, 2012 to April 30, 2013 will constitute the "Temporary Relief Period".

In addition, with respect to the Relief Measures that allow for a share/unit offering price below $0.05 and a debenture conversion price below $0.10, the Exchange is introducing the concept of an "Excluded Amount".  Under the amended Relief Measures, up to $50,000 of the gross proceeds raised by an Issuer in reliance upon these Relief Measures (the "Excluded Amount") can be used for general working capital purposes and is not subject to the "Maintain/Preserve Existing Business" or "No Payments to Related Parties" conditions.

The conditions applicable to the Relief Measure that allows for a warrant exercise price below $0.10 will remain unchanged from what is in the Original Bulletin.

Set forth below are the requirements and conditions associated with the use of the Relief Measures.  This reiterates what is in the Original Bulletin with revisions necessary to accommodate the Excluded Amount.  Capitalized terms not specifically defined in this bulletin shall have the meanings ascribed to them in Policy 1.1 - Interpretation of the TSXV Corporate Finance Manual.

RELIEF MEASURES

1.   Share/Unit Offering Price Below $0.05 and Debenture Conversion Price Below $0.10

TSXV policies require that:

• the offering price for a Private Placement of shares (or units of which common shares form a part) be not less than the applicable Discounted Market Price, subject to a minimum price per share of $0.05; and
  
  
• the conversion price of convertible debentures issued under a Private Placement be not less than the applicable Market Price, subject to a minimum conversion price per share of $0.10.

TSXV acknowledges that: (a) for Issuers whose shares are trading below $0.05, the $0.05 minimum offering price rule may create difficulties in completing a financing without first effecting a share consolidation; and (b) the time necessary to effect a share consolidation may potentially preclude an Issuer subject to immediate or imminent financial hardship from completing an available financing opportunity.

In light of the foregoing, during the Temporary Relief Period, subject to compliance with the following conditions (in addition to such other requirements set out below under Procedural Matters), an Issuer may conduct a Private Placement involving the issuance of: (1) common shares (or units of which common shares form a part) having an offering price of less than $0.05 per share; or (2) convertible debentures having a conversion price per share of less than $0.10:

(a)	Share/Unit Offering - Minimum Offering Price (No Discount to Market):  In the case of a Private Placement of common shares (or units of which common shares form a part), the offering price per share (or unit) must not be less than the last closing price of the Issuer's common shares before the issuance of the news release announcing the Private Placement (i.e. the offering price may not be at a discount to such closing price).
(b)	Convertible Debenture Offering - Minimum  Conversion Price and Limited Term:  In the case of a Private Placement of convertible debentures:
	i.	The conversion price per share must not be less than the last closing price of the Issuer's common shares before the issuance of the news release announcing the Private Placement, subject to a minimum conversion price of $0.05 per share.
	ii.	TSXV will permit a conversion price of less than $0.10 only for the first 12 months following closing of the Private Placement.  At the end of such 12 month period, the conversion price of any unconverted debentures must automatically increase to a minimum of $0.10 for the remainder of the term of the debenture.
(c)	Financial Hardship/Use of Proceeds:  The Issuer must demonstrate to the satisfaction of TSXV that it is subject to immediate or imminent financial hardship and that it does not have the time or resources to complete a share consolidation prior to closing the Private Placement.  (NOTE:  In the absence of being able to demonstrate this, TSXV would expect the Issuer to complete a share consolidation and subsequently conduct a Private Placement with an offering price of not less than $0.05 in accordance with existing policy requirements and not in reliance upon the Relief Measures.) In this regard, the Issuer must comply with the following requirements:
	i.	Financial Information: The Issuer must provide TSXV with the following information and documentation in satisfactory form as a condition precedent to TSXV providing its conditional acceptance to the Private Placement:
		(1)	A detailed description of the events and factors which led to and contributed to the Issuer being subject to immediate or imminent financial hardship and whether such information has previously been publicly disclosed.
		(2)	A detailed description of alternatives considered by management to improve the Issuer's financial situation.
		(3)	An itemized breakdown of the use of proceeds of the Private Placement including the required timing for each stated use.  (NOTE:  With the exception of the Excluded Amount, TSXV would generally expect that the timing of each use of proceeds be immediate or imminent in order to correspond with an assertion that the Issuer does not have the time to complete a share consolidation prior to conducting a Private Placement.)
		(4)	To the extent not addressed in the Issuer's responses to items (1) to (3), any other material information in respect of the financial situation of the Issuer which may be of relevance to TSXV.
	ii.	Maintain/Preserve Existing Business:  With the exception of the Excluded Amount, the principal purpose of the proceeds of the Private Placement must be to maintain or preserve the Issuer's existing operations, activities and assets (i.e. with the exception of the Excluded Amount, none of the proceeds of the Private Placement may be used to fund the purchase or pursuit of new business operations or activities).
	iii.	No Payments to Related Parties: With the exception of the Excluded Amount, none of the proceeds of the Private Placement may be used to compensate, settle indebtedness with or otherwise satisfy obligations to Related Parties of the Issuer.
	iv.	Public Disclosure:  The Issuer must disseminate a news release in conjunction with the closing of the Private Placement that provides an itemized breakdown of the use of proceeds of the Private Placement.  Any proposed payments to Related Parties of the Issuer must be specifically disclosed.  In addition, the news release must state that the Private Placement has been approved by the Issuer's board of directors, excluding those directors that have a direct interest in the Private Placement.
	v.	Officer's Certificate:  As a condition precedent to TSXV providing its conditional acceptance to the Private Placement, the Issuer must provide TSXV with a certificate signed by its chief executive officer or chief financial officer in the following form:
		"To: TSX Venture Exchange
		From: [Name of Issuer] (the "Issuer")
		I am the duly appointed Chief [Executive/Financial] Officer of the Issuer and am knowledgeable of the Issuer's business, affairs and current financial position.  The Issuer proposes to complete a private placement financing involving the issuance of ● [state number and type of securities] for gross proceeds of up to $● (the "Private Placement").
		I hereby certify in my capacity as Chief [Executive/Financial] Officer of the Issuer that to the best of my knowledge, information and belief:
		1.	the Issuer is subject to immediate or imminent financial hardship as evidenced by: ● [state principal factors evidencing the Issuer's immediate or imminent financial hardship];
		2.	the Private Placement is necessary in order to maintain or preserve the Issuer's existing operations, activities and assets and[, with the exception of up to an aggregate amount of $●,][if applicable, state the amount of the Excluded Amount] none of the proceeds of the Private Placement will be used to either: (a) fund the purchase or pursuit of new business operations or activities; or (b) compensate, settle indebtedness with or otherwise satisfy obligations to any person that is a Related Party (as such term is defined in Policy 1.1 of the TSX Venture Exchange Corporate Finance Manual) of the Issuer; and
		3.	the Private Placement has been duly and validly approved by the Issuer's board of directors, excluding those directors that have a direct interest in the Private Placement."
(d)	$500,000 Aggregate Limit:  The maximum aggregate gross proceeds an Issuer may raise in reliance on these Relief Measures is $500,000, except as may otherwise be specifically consented to by the Exchange.
(e)	75% Arm's Length:  At least 75% of the Private Placement must be subscribed for by persons that are not Related Parties of the Issuer.  In the event that an Issuer completes more than one Private Placement in reliance upon these Relief Measures, each such Private Placement must separately satisfy this arm's length requirement.

2.   Warrant Exercise Price Below $0.10

TSXV policies require that the exercise price of warrants issued to a subscriber under a Private Placement be not less than the applicable Market Price, subject to a minimum exercise price per share of $0.10.  During the Temporary Relief Period, subject to compliance with the following conditions (in addition to such other requirements set out below under Procedural Matters), an Issuer may conduct a Private Placement involving the issuance of warrants to subscribers having an exercise price per share of less than $0.10:

(a)	Minimum Exercise Price:  In the case of a Private Placement of units comprised of a common share and a whole or fractional warrant, the exercise price of each warrant must not be less than the greater of: (a) the offering price of the Private Placement; (b) the last closing price of the Issuer's common shares before the issuance of the news release announcing the Private Placement; and (c) $0.05.  In the case of a Private Placement of convertible debentures for which either detachable warrants are issued or warrants are issued upon conversion of the debenture, the exercise price of each warrant must not be less than the conversion price of the debentures.
(b)	Limited Term:  TSXV will permit an exercise price of less than $0.10 only for the first 12 months following closing of the Private Placement.  At the end of such 12 month period, the exercise price of any unexercised warrants must automatically increase to a minimum of $0.10 for the remainder of the term of the warrant.  In the case of warrants issuable upon conversion of a convertible debenture, such 12 month period commences from the date of closing of the Private Placement not the date of conversion of the debentures.
(c)	75% Arm's Length:  At least 75% of the Private Placement must be subscribed for by persons that are not Related Parties of the Issuer.

PROCEDURAL MATTERS

The following procedural requirements will be applicable to all Private Placements for which an Issuer intends to rely upon any of the above-referenced Relief Measures:

1.				Compliance with Existing Policy Requirements:  Except as may be specifically modified by this bulletin, an Issuer will still be required to comply with all of the requirements applicable to Private Placements under existing Exchange policies including, without limitation, Policy 4.1 - Private Placements ("Policy 4.1").
2.				Timing:  The Private Placement must be completed during the Temporary Relief Period (i.e. an Issuer cannot announce the Private Placement prior to the end of the Temporary Relief Period and close it subsequent to the end of the Temporary Relief Period).
3.				Price Protection by News Release Only:  The applicable pricing of the Private Placement may not be protected / reserved by the filing of a Form 4A - Price Reservation Form.  The Issuer must issue a comprehensive news release announcing the proposed Private Placement in order to protect/reserve the applicable price.
4.				No Expedited Filings:  The Issuer will not be entitled to rely upon the provisions of Part 5 of Policy 4.1.
5.				NEX Listed Issuers:  Issuers listed on the NEX may avail themselves of the Relief Measures provided that:
				(a)	they comply with the conditions and requirements set forth in this bulletin;
				(b)	they do not close the Private Placement prior to obtaining TSXV's conditional acceptance of the Private Placement; and
				(c)	they comply with all of the requirements applicable to Private Placements under the NEX Policy, except to the extent modified by this bulletin (for greater certainty, the requirements set forth in sections 5.2 and 5.3 of the NEX Policy are not modified by this bulletin and will continue to apply).

If you have any questions about this bulletin, please contact:

Zafar Khan - Policy Counsel, 604-602-6982
Louis Doyle - Vice-President, 514-788-2407
Robert Fong - Director, 403-218-2822
Tim Babcock - Director, 416-365-2202
Robert Kang - Director, 604-643-6577

TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 12 décembre 2012

Objet :  Placements privés - Prolongation et modification aux dispenses temporaires de certaines exigences relatives à la fixation du prix

En publiant son bulletin : Avis aux émetteurs du 17 août 2012 (le « bulletin initial »), la Bourse de croissance TSX (la « TSX de croissance » ou la « Bourse »), introduisait, sur une base temporaire,  des dispenses de certaines exigences en vigueur relatives à la fixation du prix des placements privés. Les trois mesures temporaires (les « dispenses temporaires») permettent :

1. Le placement d'actions  ou d'unités à un prix d'émission inférieur à 0.05$;
   
   
2. Le placement de débentures convertibles à un prix de conversion inférieur à 0.10$; et
   
   
3. L'émission de bons de souscription, dans le cadre d'un placement privé, à un prix d'exercice inférieur à 0.10$.

À compter de la date de ce bulletin, la TSX de croissance prolonge la période de dispense jusqu'au 30 avril 2013. Pour les fins de ce bulletin, la période allant du 17 août 2012 au 30 avril 2013, constitue  (la « période de dispense temporaire »).

De plus, en ce qui concerne les dispenses temporaires permettant un prix d'émission de l'action ou de l'unité inférieur à 0,05 $ et un prix de conversion des débentures inférieur à 0,10 $, la Bourse introduit le concept de « montant exclus ». En vertu de la modification apportée aux dispenses temporaires,  jusqu'à 50 000$ du produit brut tiré d'un placement privé réalisé selon les mesures temporaires, (le « montant exclus ») peut être affecté au fonds de roulement  et n'est pas assujetti aux conditions  de « maintien et préservation de l'entreprise existante » ni de  « aucun versement à des personnes apparentées »

Les conditions relatives à la  dispense temporaire qui permet l'établissement d'un prix d'exercice des bons de souscription inférieur à 0.10$ demeurent inchangées par rapport à ce qui a été publié dans le bulletin initial.

Vous trouverez ci-dessous les exigences et conditions relatives au recours aux mesures temporaires. Ce texte reprend celui de notre bulletin initial et a été  adapté pour tenir compte de l'introduction du concept de « montant exclus » Les termes clés utilisés dans le présent bulletin sans y être définis ont le sens qui leur est attribué dans la Politique 1.1 - Interprétation du Guide du financement des sociétés de la Bourse de croissance TSX.

DISPENSES

1.   Prix d'émission de l'action ou de l'unité inférieur à 0,05 $ et prix de conversion des débentures inférieur à 0,10 $

Selon les politiques de la TSX de croissance :

• le prix d'émission pour un placement privé d'actions (ou d'unités dont font partie des actions ordinaires) ne doit pas être inférieur au cours escompté applicable, sous réserve d'un prix minimal de 0,05 $ par action;
  
  
• le prix de conversion de débentures convertibles émises dans le cadre d'un placement privé ne doit pas être inférieur au cours applicable, sous réserve d'un prix de conversion minimal de 0,10 $ par action.

La TSX de croissance est consciente de ce qui suit : a) pour les émetteurs dont les actions se négocient à un cours inférieur à 0,05 $, la règle imposant un prix d'émission minimal de 0,05 $ peut compliquer la réalisation d'un financement qui ne serait pas précédé d'un regroupement d'actions; et b) le temps nécessaire à la réalisation d'un regroupement d'actions pourrait empêcher un émetteur qui est aux prises avec des difficultés financières ou pour qui une telle situation est imminente de réaliser un financement.

Compte tenu de ce qui précède, pendant la période de dispense temporaire et sous réserve du respect des conditions suivantes (qui s'ajoutent aux autres exigences énoncées ci-dessous sous le titre « Questions de procédure »), un émetteur peut réaliser un placement privé comprenant l'émission : 1) d'actions ordinaires (ou d'unités dont font partie des actions ordinaires) à un prix d'émission inférieur à 0,05 $ par action; ou 2) de débentures convertibles à un prix de conversion par action inférieur à 0,10 $.

(a)	Placement d'actions ou d'unités - Prix d'émission minimal (aucune décote) : Dans le cas d'un placement privé d'actions ordinaires (ou d'unités dont font partie des actions ordinaires), le prix d'émission par action (ou par unité) ne doit pas être inférieur au dernier cours de clôture des actions ordinaires de l'émetteur avant la publication du communiqué annonçant le placement privé (c.-à-d. que le prix d'émission ne doit pas faire l'objet d'une décote par rapport à ce cours de clôture).
(b)	Placement de débentures convertibles - Prix de conversion minimal et durée limitée : Dans le cas d'un placement privé de débentures convertibles :
	i.	Le prix de conversion par action ne doit pas être inférieur au dernier cours de clôture des actions ordinaires de l'émetteur avant la publication du communiqué annonçant le placement privé, sous réserve d'un prix de conversion minimal de 0,05 $ par action.
	ii.	La TSX de croissance ne permettra qu'un prix de conversion soit inférieur à 0,10 $ que pendant les 12 premiers mois suivant la clôture du placement privé. À la fin de cette période, le prix de conversion des débentures non converties, le cas échéant, doit automatiquement être augmenté à 0,10 $ ou plus pour le reste de la durée de la débenture.
(c)	Difficultés financières et emploi du produit : L'émetteur doit démontrer à la TSX de croissance qu'il est confronté à des difficultés financières, ou qu'une telle situation est imminente, et qu'il n'a pas le temps ni les ressources nécessaires à la réalisation d'un regroupement d'actions avant la clôture du placement privé. (À NOTER : Si l'émetteur ne peut en faire la démonstration, la TSX de croissance s'attend à ce que celui-ci réalise un regroupement d'actions suivi d'un placement privé dont le prix d'émission serait d'au moins 0,05 $ conformément aux exigences en vigueur prévues par les politiques et non en vertu des dispenses.) À cet égard, l'émetteur doit respecter les exigences suivantes :
	i.	Information financière : L'émetteur doit fournir à la TSX de croissance l'information et les documents suivants, dans une forme jugée satisfaisante, avant que la TSX de croissance n'approuve conditionnellement la réalisation du placement privé :
		(1)	une description détaillée des événements et des facteurs ayant mené ou contribué aux difficultés financières actuelles ou imminentes auxquelles l'émetteur est confronté et la mention du fait que ces renseignements ont déjà été publiés ou non;
		(2)	une description détaillée des solutions de rechange envisagées par la direction afin d'améliorer la situation financière de l'émetteur;
		(3)	l'affectation, élément par élément, du produit du placement privé ainsi que le moment où chaque tranche du produit sera affectée. (À NOTER : à l'exception du montant exclus, de façon générale, la TSX de croissance s'attend à ce que l'émetteur utilise immédiatement ou rapidement le produit affecté à chaque élément afin de refléter l'affirmation selon laquelle l'émetteur n'a pas le temps d'effectuer un regroupement d'actions avant la réalisation d'un placement privé.)
		(4)	Dans la mesure où il n'en a pas été question dans les réponses que l'émetteur a fournies pour les points 1) à 3), toute autre information importante concernant la situation financière de l'émetteur qui peut intéresser la TSX de croissance.
	ii.	Maintien et préservation de l'entreprise existante : À l'exception du montant exclus, le produit tiré du placement privé doit être affecté principalement au maintien ou à la préservation des activités et des actifs existants de l'émetteur (c.-à-d. qu'à l'exception du montant exclus, aucune tranche du produit tiré du placement privé ne peut être affectée au financement de l'achat ou de la recherche de nouvelles activités commerciales).
	iii.	Aucun versement à des personnes apparentées : À l'exception du montant exclus, aucune tranche du produit tiré du placement privé ne peut être affectée à la rémunération de personnes apparentées à l'émetteur ni au règlement de dettes ou à la satisfaction d'autres obligations envers de telles personnes.
	iv.	Information à communiquer au public : À la clôture du placement privé, l'émetteur doit publier un communiqué dans lequel figure l'affectation, élément par élément, du produit du placement privé. Toute affectation projetée du produit du placement privé à des personnes apparentées doit être clairement divulguée. De plus, le communiqué doit indiquer que le placement privé a été approuvé par le conseil d'administration de l'émetteur, à l'exclusion des administrateurs qui sont directement intéressés dans le placement privé.
	v.	Attestation d'un dirigeant : Avant que la TSX de croissance n'approuve conditionnellement le placement privé, l'émetteur doit lui fournir une attestation qui est signée par son chef de la direction ou par son chef des finances et qui prend la forme suivante :
		« Destinataire : Bourse de croissance TSX
		Expéditeur :  [Nom de l'émetteur] (l'« émetteur »)
		Je suis le chef [de la direction/des finances] dûment nommé de l'émetteur et suis bien renseigné au sujet des activités, des affaires et de la situation financière actuelle de l'émetteur. L'émetteur propose de réaliser un placement privé comprenant l'émission de = [indiquer le nombre et le type de titres], pour un produit brut maximal de ● $ (le « placement privé »).
		En qualité de chef [de la direction/des finances] de l'émetteur, j'atteste par les présentes que, à ma connaissance :
		1.	l'émetteur est aux prises avec des difficultés financières, ou une telle situation est imminente, comme en fait foi : = [indiquer les principaux éléments faisant foi des difficultés financières actuelles ou imminentes de l'émetteur];
		2.	le placement privé est nécessaire afin de maintenir ou de préserver les activités et les actifs existants de l'émetteur, et à l'exception d'un montant maximal de= $ [si applicable, indiquer le montant exclus], aucune tranche du produit tiré du placement privé ne sera affectée à ce qui suit : a) le financement de l'achat ou de la recherche de nouvelles activités commerciales; ou b) la rémunération d'une personne apparentée (au sens attribué à ce terme dans la politique 1.1 du Guide du financement des sociétés de la Bourse de croissance TSX) à l'émetteur ou encore le règlement d'une dette ou la satisfaction d'autres obligations envers une telle personne;
		3.	le placement privé a été dûment et validement approuvé par le conseil d'administration de l'émetteur, à l'exclusion des administrateurs qui sont directement intéressés dans le placement privé.
(d)	Limite globale de 500 000 $ : Le produit brut global maximal que peut réunir un émetteur en vertu des dispenses prévues aux présentes est de 500 000 $, sauf approbation contraire expresse de la Bourse.
(e)	Tranche de 75 % sans lien de dépendance : Une tranche d'au moins 75 % du placement privé doit être souscrite par des personnes qui ne sont pas des personnes apparentées à l'émetteur. Si un émetteur réalise plus d'un placement privé en vertu des dispenses prévues aux présentes, chacun de ces placements privés doit satisfaire à cette exigence.

2.   Prix d'exercice des bons de souscription inférieur à 0,10 $

Selon les politiques de la TSX de croissance, le prix d'exercice des bons de souscription émis à un souscripteur dans le cadre d'un placement privé ne doit pas être inférieur au cours applicable, sous réserve d'un prix d'exercice minimal de 0,10 $ par action. Pendant la période de dispense temporaire, sous réserve du respect des conditions suivantes (qui s'ajoutent aux autres exigences énoncées ci-dessous sous le titre « Questions de procédure »), un émetteur peut réaliser un placement privé qui comprend l'émission, à des souscripteurs, de bons de souscription dont le prix d'exercice par action est inférieur à 0,10 $ :

(a)	Prix d'exercice minimal : Dans le cas d'un placement privé d'unités composées d'une action ordinaire et d'un bon de souscription ou d'une fraction de bon de souscription, le prix d'exercice de chaque bon de souscription ne doit pas être inférieur à la plus élevée des valeurs suivantes : a) le prix d'émission du placement privé; b) le dernier cours de clôture des actions ordinaires de l'émetteur avant la publication du communiqué annonçant le placement privé; ou c) 0,05 $. Dans le cas d'un placement privé de débentures convertibles à l'égard desquelles des bons de souscription détachables sont émis ou encore des bons de souscription seront émis à la conversion des débentures, le prix d'exercice de chaque bon de souscription ne doit pas être inférieur au prix de conversion des débentures.
(b)	Durée limitée : La TSX de croissance ne permettra qu'un prix d'exercice soit inférieur à 0,10 $ seulement pendant les 12 premiers mois suivant la clôture du placement privé. À la fin de cette période, le prix d'exercice des bons de souscription non exercés, le cas échéant, doit automatiquement être augmenté à 0,10 $ ou plus pour le reste de la durée des bons de souscription. Dans le cas de bons de souscription devant être émis à la conversion d'une débenture convertible, cette période de 12 mois commence à la date de clôture du placement privé et non à la date de conversion des débentures.
(c)	Tranche de 75 % sans lien de dépendance : Une tranche d'au moins 75 % du placement privé doit être souscrite par des personnes qui ne sont pas des personnes apparentées à l'émetteur.

QUESTIONS DE PROCÉDURE

Les exigences suivantes s'appliquent aux placements privés qu'un émetteur a l'intention de réaliser en vertu des dispenses dont il est question ci-dessus :

1.				Respect des exigences prévues par les politiques en vigueur : Sauf indication contraire expresse dans le présent bulletin, l'émetteur est quand même tenu de respecter toutes les exigences applicables aux placements privés prévues par les politiques en vigueur de la Bourse, notamment les exigences prévues par la Politique 4.1 - Placements privés (la « Politique 4.1 »).
2.				Délai : La clôture du placement privé doit avoir lieu pendant la période de dispense temporaire (c.-à-d. qu'un émetteur ne peut pas annoncer un placement privé avant la fin de la période de dispense temporaire et procéder à sa clôture après l'expiration de cette période).
3.				Protection du prix par communiqué seulement : Le prix d'émission d'un placement privé ne peut pas être protégé ni réservé au moyen du dépôt d'un Formulaire 4A - Formulaire de réservation du prix. Afin de protéger ou de réserver le prix applicable, l'émetteur doit publier un communiqué détaillé dans lequel il annonce le placement privé proposé.
4.				Aucun dépôt accéléré : L'émetteur ne peut pas se prévaloir des dispositions de la partie 5 de la Politique 4.1.
5.				Émetteurs inscrits à NEX : les émetteurs inscrits sur le marché NEX peuvent se prévaloir des dispenses, sous réserve des conditions suivantes :
				(a)	ils respectent les conditions et les exigences énoncées dans le présent bulletin;
				(b)	ils ne procèdent pas à la clôture du placement privé avant que la TSX de croissance n'approuve conditionnellement le placement privé;
				(c)	ils respectent toutes les exigences applicables aux placements privés prévues par les Politiques NEX, sauf dans la mesure où celles-ci sont modifiées par le présent bulletin (il est entendu que les exigences prévues aux paragraphes 5.2 et 5.3 des Politiques NEX ne sont pas modifiées par le présent bulletin et qu'elles continuent de s'appliquer).

Toute question concernant le présent bulletin peut être adressée aux personnes suivantes :

Zafar Khan - conseiller juridique, Politiques, 604-602-6982
Louis Doyle - vice-président, 514-788-2407
Robert Fong - directeur, 403-218-2822
Tim Babcock - directeur, 416-365-2202
Robert Kang - directeur, 604-643-6577

_____________________________

ALDRIDGE MINERALS INC. ("AGM")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 1:32 p.m. PST, December 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.

________________________________________

ALDRIDGE MINERALS INC. ("AGM")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 5:00 a.m., PST, December 12, 2012, shares of the Company resumed trading, an announcement having been made.

________________________________________

ALITA RESOURCES LTD. ("AL")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 5:00 a.m. PST, December 12, 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.

________________________________________

ALPHA MINERALS INC. ("AMW")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 21, 2012:

Number of Shares:						2,666,667 shares
Purchase Price:						$1.50 per share
Warrants:						1,333,335 share purchase warrants to purchase 1,333,335 shares
Warrant Exercise Price:						$1.80 for a one year period
Number of Placees:						95 placees
Insider / Pro Group Participation:
Name						Insider=Y / ProGroup=P /				# of Shares
Peter Aitken  James E. Yates						P  Y				13,333 9,000
Finders' Fees:						Canaccord Genuity Corp. - $29,970 and 19,980 Broker Warrants that are exercisable into common shares at $1.60 per share for a 12 month period.
						MGI Securities Inc. - $9,599.85 and 6,400 Broker Warrants that are exercisable into common shares at $1.60 per share for a 12 month period.
						Mackie Research Capital Corporation - $32,700 and 21,800 Broker Warrants that are exercisable into common shares at $1.60 per share for a 12 month period.
						PI Financial Corp. - $2,400.00 and 1,600 Broker Warrants that are exercisable into common shares at $1.60 per share for a 12 month period.
						Macquarie Private Wealth Inc. - $3,000.00 and 2,000 Broker Warrants that are exercisable into common shares at $1.60 per share for a 12 month period.
						Global Market Development - $25,200.00 and 16,800 Broker Warrants that are exercisable into common shares at $1.60 per share for a 12 month period.
						Sprott Global Resources Investments Ltd. - $34,800.00 and 23,200 Broker Warrants that are exercisable into common shares at $1.60 per share for a 12 month period.

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.

________________________________________

AROWAY ENERGY INC. ("ARW")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 19, 2012:

Number of Shares:						6,043,981 flow-through shares 1,352,000 non-flow-through shares
Purchase Price:						$0.55 per flow-through share $0.50 per non-flow-through share
Warrants:						3,021,991 flow-through share purchase warrants to purchase 3,021,991 non-flow-through shares at $0.65 per share for a one year period. 1,352,000 non-flow-through share purchase warrants to purchase 1,352,000 non-flow-through shares at $0.60 per share for a one year period.
Number of Placees:						69 placees
Insider / Pro Group Participation:
Name						Insider=Y / ProGroup=P /				# of Shares
Chris Cooper  Alan Young  James Roger  Chester C. Kmiec  Scott MacDonald						Y  P  P  P  P				400,000 nf/t 35,000 f/t 96,000 f/t 55,000 f/t 20,000 f/t
Finders' Fees:						Marquest Asset Management Inc. - $73,403.00 and 75,307 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Secutor Capital Management Corporation - $77,403.00 and 145,307 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Canaccord Genuity Corp. - $7,205.00 and 1,200 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Macquarie Private Wealth Inc. - $27,788.43 and 49,500 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Leede Financial Markets Inc. - $20,865.00 and 34,500 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Fin-XO Securities Inc. - $5,721.00 and 10,500 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Jennings Capital Inc. - $44,999.99 and 81,818 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Accilent Capital Management Inc. - $3,503.50 and 6,370 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						Redplug Capital Corp. (Brandon Munday) - $32,076.00 and 99,216 Compensation Options that are exercisable into common shares at $0.50 per share to December 4, 2013.
						CIBC - $385.00
						PI Financial Corp. - $192.50
						Wolverton Securities Ltd. - $385.00
						Haywood Securities Inc. - $350.00
						Raymond James Ltd. - $4,235.00

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. 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.]

________________________________________

BAYFIELD VENTURES CORP. ("BYV")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 29, 2012:

Number of Shares:							4,020,029 flow-through shares
Purchase Price:							$0.35 per share
Number of Placees:							4 placees
Finders' Fees:							Octagon Capital Corp. - $35,000.70 and 100,002 Broker Warrants that are exercisable into common shares at $0.35 per share for a 12 month period.
							Pope & Company Limited - $14,000.00 and 40,000 Broker Warrants that are exercisable into common shares at $0.35 per share for a 12 month period.
							Primary Capital Inc. - $34,790.00 and 99,400 Broker Warrants that are exercisable into common shares at $0.35 per share for a 12 month period.
							Secutor Capital Management Corp.  - $14,700.00 and 42,000 Broker Warrants that are exercisable into common shares at $0.35 per share for a 12 month period.

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.

________________________________________

BAYSWATER URANIUM CORPORATION ("BYU")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 1 Company

Effective at 12:23 p.m. PST, December 12, 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.

________________________________________

CANCEN OIL CANADA LTD. ("COI")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 5:00 a.m., PST, December 12, 2012, shares of the Company resumed trading, an announcement having been made.

________________________________________

CB GOLD INC. ("CBJ")
BULLETIN TYPE:  Prospectus - Share Offering
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

CB Gold Inc. has closed its financing pursuant to its Short Form Prospectus dated December 10, 2012 which was filed with and accepted by TSX Venture Exchange Inc. and filed with and receipted by the securities commissions of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador on December 10, 2012, pursuant to the provisions of the applicable Securities Acts (the "Offering").

TSX Venture Exchange has been advised that the Offering closed on December 12, 2012, for gross proceeds of $10,008,000.

Underwriters:						BMO Nesbitt Burns Inc. (the "Underwriter")
Offering:						11,120,000 common shares (the "Shares") including up to 1,668,000 shares issued under the Over-Allotment Option (defined below)
Share Price:						$0.90 (the "Offering Price")
Underwriter's Fee:						The Underwriters received a cash fee equal to 6% of the gross proceeds of the Offering.  The Underwriters also received warrants exercisable into common shares equal to 6% of the number of the securities sold under the Offering exercisable at the Offering Price for a period of 18 months following closing of the Offering.
Over-Allotment Option:						The Underwriters were granted an option (the "Over-Allotment Option") to purchase up to an additional 1,668,000 shares at the Offering Price, for a period of up to 30 days from the closing of the Offering.  The Over-Allotment Option has not yet been exercised.  The Underwriter's fee described above is payable on exercise of the Over-Allotment Option.

________________________________________

COMWEST ENTERPRISE CORP. ("CWP") ("CWP.A")
BULLETIN TYPE:  Declaration of Dividend
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

The Issuer has declared the following dividend(s):

Dividend per Share:  Payable Date:  Record Date:  Ex-Dividend Date:

$0.02 December 27, 2012 December 19, 2012 December 17, 2012

________________________________________

DEREK OIL & GAS CORPORATION ("DRK")
BULLETIN TYPE:  Warrant Term Extension
BULLETIN DATE:  December 12, 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:											8,750,000 December 20, 2011 Extended to December 20, 2012 on November 18, 2011 December 20, 2013 $0.10

These warrants were issued pursuant to a private placement of 8,750,000 shares with 8,750,000 share purchase warrants attached, which was accepted for filing by the Exchange effective December 17, 2010.

______________________________________

DUNCASTLE GOLD CORP. ("DUN")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement, Amendment
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Further to the bulletin dated December 10, 2012, the bulletin should have read as follows:

TSX Venture Exchange has accepted for filing a Letter of Understanding dated October 29, 2012 between Duncastle Gold Corp. (the "Company") and Fortune Tiger Resources Ltd. ("FTR"), whereby the Company has the option to acquire up to an 80% interest in the Black Lake Property in Ontario.  In consideration, the Company will make cash payments in the amount of $125,000 ($45,000 cash in the first year) over a three year period, issue up to 1,400,000 shares (400,000 shares in the first year) and incur a total exploration expenditure in the amount of $1,700,000 ($150,000 in the first year) over a six-year period.

________________________________________

DUNCASTLE GOLD CORP. ("DUN")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange (the "Exchange") has accepted for filing a Letter of Understanding dated October 25, 2012 between Duncastle Gold Corp. (the "Company") and Mineral Mountain Resources Ltd., whereby the Company has the option to acquire up to a 100% interest in the Pipestone Property in Ontario.  In consideration, the Company may acquire up to a 60% interest by making cash payments in the amount of $200,000 ($85,000 in the first year), issuing a total of 1,000,000 shares (500,000 shares in the first year) and incurring exploration expenditures in the amount of $1,500,000 ($500,000 in the first year) over a three-year period.  The Company may acquire an additional 40% interest by making cash payment of $100,000, issuing 1,000,000 shares and incurring additional exploration expenditures in the amount of $2,500,000 on or before the fifth anniversary of the Exchange acceptance.  A finder's fee in the amount of 100,000 common shares and $1,000 will be payable in stages to Murray Chan.

________________________________________

EDGE RESOURCES INC. ("EDE")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 10, 2012:

Number of Shares:				19,531,249 class A shares
Purchase Price:				£0.16 (approximately CAD$0.25) per class A shares
Number of Placees:				17 placees
Insider / Pro Group Participation:				None
Finder's Fee:				$250,000 cash payable to Merchant Securities Limited

________________________________________

FALCON OIL & GAS LTD. ("FO")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 6:29 a.m. PST, December 12, 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.

________________________________________

FALCON OIL & GAS LTD. ("FO")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 8:15 a.m., PST, December 12, 2012, shares of the Company resumed trading, an announcement having been made.

________________________________________

FOCUSED CAPITAL CORP. ("FLO.P")
BULLETIN TYPE:  Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

The shares of the Company were listed on TSX Venture Exchange on January 11, 2011.  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 January 11, 2013, 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.

________________________________________

FRONTLINE TECHNOLOGIES INC. ("FLC")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 5:00 a.m. PST, December 12, 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.

________________________________________

FRONTLINE TECHNOLOGIES INC. ("FLC")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 8:00 a.m., PST, December 12, 2012, shares of the Company resumed trading, an announcement having been made.

________________________________________

MADALENA VENTURES INC. ("MVN")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement, Correction
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange bulletin sent December 11, 2012, the correct bulletin date should have been December 11, 2012 and not December 11, 2013.

The rest of the terms in the contents remain the same.

___________________________________

MOVARIE CAPITAL LTD. ("MOV.P")
BULLETIN TYPE:  New Listing-CPC-Shares, Halt
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

This Capital Pool Company's ('CPC') Amended and Restated Prospectus dated October 12, 2012, Amending and Restating the Amended and Restated Prospectus dated September 14, 2012 has been filed with and accepted by TSX Venture Exchange and each of the British Columbia, Alberta, Manitoba, and Ontario Securities Commissions effective October 24, 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 $312,825 (2,085,500 common shares at $0.15 per share).

Commence Date:									At the opening on Thursday, December 13, 2012, the Common shares will be listed and halted on TSX Venture Exchange.
Corporate Jurisdiction:									Business Corporations Act (British Columbia)
Capitalization:  Escrowed Shares:									Unlimited  4,619,166  2,533,666	common shares with no par value of which common shares are issued and outstanding common shares
Transfer Agent:  Trading Symbol:  CUSIP Number:  Sponsoring Member:									Computershare Investor Services Inc. (Vancouver) MOV.P 62458V 10 8 Canaccord Genuity Corp. (Vancouver)
Agent's Options:									208,550 non-transferable stock options.  One option to purchase one share at $0.15 per share up to 24 months.

For further information, please refer to the Company's Amended and Restated Prospectus dated October 12, 2012, Amending and Restating the Amended and Restated Prospectus dated September 14, 2012.

Seeking QT primarily in these sectors:  Unknown.

________________________________________

NEW KLONDIKE EXPLORATION INC. ("NK")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 23, 2012:

Number of Shares:

1,200,000 shares

Purchase Price:

$0.085 per share

Number of Placees:

2 placees

Insider / Pro Group Participation:

Name

Insider=Y / ProGroup=P /

# of Shares

Micheal Coulter

Y

730,000

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).

________________________________________

OROCO RESOURCE CORP. ("OCO")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 19, 2012:

FIRST TRANCHE

Number of Shares:

3,271,250 shares

Purchase Price:

$0.20 per share

Warrants:

1,635,625 share purchase warrants to purchase 1,635,625 shares

Warrant Exercise Price:

$0.35 for a two year period

Number of Placees:

16 placees

Insider / Pro Group Participation:

Name

Insider=Y / ProGroup=P /

# of Shares

Pinetree Resource Partnership

Y

1,000,000

Finder's Fee:

$31,775 is payable to General Research 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.  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.]

________________________________________

RED HUT METALS INC. ("ROB")
BULLETIN TYPE:  New Listing-IPO-Shares, Resume Trading
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Further to the bulletin dated December 10, 2012, effective at the opening, Thursday, December 13, 2012, trading in the common shares of the Company will resume.

________________________________________

SIERRA MADRE DEVELOPMENTS INC. ("SMG")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to a letter agreement dated August 20, 2012 between Sierra Madre Developments Inc. and Alta Drilling International LLC (Thomas Feehan) pursuant to which the Company will acquire a drill rig for the Penoles Property in Mexico.  The purchase price is US$196,500 of which US$25,000 will be paid by the issuance of 416,667 shares.

________________________________________

SUPERIOR COPPER CORPORATION ("SPC")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation relating to a property acquisition agreement (the "Agreement") dated November 30, 2012 between Jim Ralph (the "Vendor") and Superior Copper Corporation (the "Company").  Pursuant to the Agreement, the Company shall acquire the Vendor's 50% interest in the Jogran Porphyry Property, located in Ryan Township, north of Sault Ste. Marie, Ontario.

As consideration, the Company shall issue 670,000 shares to the Vendor.

For more information, refer to the Company's news release dated December 3, 2012.

________________________________________

THREEGOLD RESOURCES INC. ("THG")
BULLETIN TYPE:  Halt
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

Effective at 12:15 p.m. PST, December 12, 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.

________________________________________

TRANSGAMING INC. ("TNG")
BULLETIN TYPE:  Shares for Bonuses
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's documentation in connection with the issuance of 750,000 common shares to The Business, Engineering, Science & Technology Discoveries Fund and three affiliated funds in relation to a $3,500,000 Credit Agreement, as previously announced on December 23, 2011.

The Company issued news releases dated October 30 and November 20, 2012 in connection to the above-mentioned transaction.

TRANSGAMING INC. (« TNG »)
TYPE DE BULLETIN : Émission d'actions en paiement de primes
DATE DU BULLETIN : Le 12 décembre 2012
Société du groupe 2 de TSX croissance

Bourse de croissance TSX a accepté le dépôt de documents par la société, relativement à l'émission de 750 000 actions ordinaires à The Business, Engineering, Science & Technology Discoveries Fund ainsi qu'à trois fonds apparentés en relation avec une convention de crédit de 3 500 000 $, tel qu'antérieurement annoncé le 23 décembre 2011.

La société a émis des communiqués de presse datés des 30 octobre et 20 novembre 2012 en lien avec l'opération précitée.

__________________________________________

WAR EAGLE MINING COMPANY INC. ("WAR")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  December 12, 2012
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 20, 2012:

Number of Shares:

4,210,526 shares

Purchase Price:

$0.07125 per share

Warrants:

4,210,526 share purchase warrants to purchase 4,210,526 shares

Warrant Exercise Price:

$0.10 for a two year period

Number of Placees:

3 placees

Insider / Pro Group Participation:

Name

Insider=Y / ProGroup=P /

# of Shares

Firebird Global Master Fund II Ltd.

Y

1,403,509

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.

________________________________________

NEX COMPANY:

TOP STRIKE RESOURCES CORP. ("TSR.H")
[formerly Colossal Resources Corp. ("CIA.H")]
BULLETIN TYPE:  Name Change
BULLETIN DATE:  December 12, 2012
NEX Company

Pursuant to a resolution passed by shareholders on November 29, 2012, the Company has changed its name as follows.  There is no consolidation of capital.

Effective at the opening on Thursday, December 13, 2012, the common shares of Top Strike Resources Corp. will commence trading on TSX Venture Exchange, and the common shares of Colossal Resources Corp. will be delisted.  The Company is classified as a 'Junior Natural Resource' company.

Capitalization:  Escrow:									Unlimited  12,157,762  Nil	shares with no par value of which shares are issued and outstanding
Transfer Agent:									Computershare Trust Company of Canada
Trading Symbol:  CUSIP Number:									TSR.H  89054L101	(new) (new)

________________________________________

SOURCE: TSX Venture Exchange

Market Information Services at 1-888-873-8392, or email: [email protected]