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TSX Venture Exchange Daily Bulletins


News provided by

TSX Venture Exchange

Aug 14, 2013, 20:05 ET

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VANCOUVER, Aug. 14, 2013 /CNW/ -

TSX VENTURE COMPANIES:

BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: August 14, 2013

Re:      Policy Amendments
           (a) Amendment of Minimum Pricing Rules for Convertible Securities
           (b) Amendment of Minimum Pricing Rules for Initial Public Offerings
           (c) Amendment of Shareholder Approval Requirement for Share Consolidations

Implementation of Policy Amendments:

Further to the TSX Venture Exchange ("TSXV" or the "Exchange") Bulletin/Notice to Issuers dated August 7, 2013, effective immediately, the Exchange is formally implementing policy amendments that will have the effect of liberalizing certain requirements and restrictions pertaining to minimum pricing rules and capital structure matters.  The primary purpose of these amendments is to promote and facilitate both access to capital and the completion of listing transactions.

The specific policy amendments, which are described below, have the following principal effects:

1.       Minimum Price for Warrants and Options:  A reduction of the minimum acceptable exercise
price for share purchase warrants and incentive stock options from $0.10 to $0.05 per share
which will apply to the full term of the warrant or option.
   
2.       Minimum Price for Convertible Debentures:  A reduction in the minimum acceptable
conversion price for debentures from $0.10 to $0.05 per share for the first year of the term of
the debenture.
   
3.       Minimum Price for Initial Public Offerings:  A reduction in the minimum acceptable offering
price for a non-Capital Pool Company initial public offering from $0.15 to $0.10 per security.
   
4.       Shareholder Approval for Share Consolidations:  A modification to the Exchange's
shareholder approval requirement for share consolidations. The Exchange will only require
shareholder approval for a consolidation if such consolidation, when combined with any other
consolidation conducted by the Issuer within the previous 24 months that was not approved by
the Issuer's shareholders, would result in a cumulative consolidation of greater than 10 to 1
over such 24 month period.  It should be noted that an Issuer may still be subject to shareholder
approval requirements under applicable corporate laws.
   

The foregoing will apply to all Issuers listed on the Exchange, including those listed on NEX.  It should be noted, however, that Capital Pool Companies, including those listed on NEX, remain subject to the specific provisions of Policy 2.4 - Capital Pool Companies, which includes restrictions on the issuance of warrants and debentures prior to the completion of their Qualifying Transaction.

Description of Specific Policy Amendments:

The foregoing matters have been given effect by the following amendments to the Exchange's Corporate Finance Manual.  It should be noted that notwithstanding the broad scope of the effect of the amendments, in particular as pertaining to the minimum pricing rules, the actual amendments themselves are relatively small in terms of their volume.

1.       Policy 1.1 - Interpretation:  The definitions of "Discounted Market Price" and "Market Price"
have been amended to remove the references to a $0.10 minimum acceptable exercise or
conversion price, as the case may be, being required for share purchase warrants, incentive
stock options and other securities convertible into common shares.  This results in the minimum
acceptable exercise or conversion price for such securities under the definition of both
"Discounted Market Price" and "Market Price" to be $0.05.  These amendments effectively
carry through to the various minimum acceptable pricing requirements set forth in other
Policies which tie the minimum acceptable price for share purchase warrants, incentive stock
options and other securities convertible into common shares to either the Discounted Market
Price or Market Price, as the case may be.

   
2.       Policy 2.1 - Initial Listing Requirements:  Section 3 of Policy 2.1 has been amended to specify
that the minimum acceptable initial public offering price is now $0.10 per security.
   
3.       Policy 4.1 - Private Placements: 
   
         (a)      The definition of "Convertible Securities" in section 1.2 of Policy 4.1 has been amended to
specifically exclude share purchase warrants and stock options for the purposes of Policy
4.1.
   
         (b)      Section 3.3(a) of Policy 4.1 has been amended to require that the minimum acceptable
conversion price of Convertible Securities after the first year of their term is the greater of
the Market Price and $0.10.
   
         (c)      Section 3.4(e) of Policy 4.1 has been amended to clarify that for any warrants issued in
connection with a Convertible Security, the exercise price of the warrant must not be less
than the initial conversion price of the Convertible Security (i.e. the warrant exercise price
is not required to be adjusted if the conversion price of the Convertible Security changes
during its term).  For example, for a Convertible Security issued with an initial conversion
price of $0.05 which increases to $0.10 after the first year of the term of the security, any
warrant issued in connection with such Convertible Security can have an exercise price of
$0.05 for the full term of the warrant.
   
It should be noted that section 3.4(c) of Policy 4.1 has been amended to correct an existing drafting error. 
This amendment is not directly related to the principal policy amendments described in this Bulletin.
   
4.       Policy 4.6 - Public Offering by Short Form Offering Document:  Section 6.2 of Policy 4.6 has
been amended to require that the minimum acceptable exercise price for warrants issued under
a Short Form Offering Document offering is now the greater of the offering price of the offering
and the closing price of the Issuer's shares on the trading day before the announcement of the
offering.
   
5.       Policy 5.8 - Issuer Names, Issuer Name Changes, Share Consolidations and Splits:  Section
7.1 of Policy 5.8 has been amended to change the circumstances (as described above in this
Bulletin) in which the Exchange will require shareholder approval for a share consolidation.
   
6.       NEX Policy:
   
  (a)      Section 5.1 of the NEX Policy has been amended to change the minimum acceptable
exercise price for warrants and incentive stock options from $0.10 to $0.05.
   
  (b)      Section 6.1 of the NEX Policy has been amended to remove the reference to a $0.10
minimum exercise price for warrants.
     

In addition to the above, it should be noted that an incidental amendment has been made to section 3.2(e) of Policy 5.1 - Loans, Bonuses, Finder's Fees and Commissions which permits the exercise price of agent's or finder's warrants on a financing to be equivalent to the offering price of the financing, even if such offering price is below the Market Price.  This is reflective of existing Exchange practice and the amendment allows the written Policy to reflect such practice.

It should be noted that the foregoing is a summary only.  The full text of the various policy amendments should be reviewed to properly ascertain the details and effects of the amendments.  The full text of the amended Policies is available on the TMX Group Inc.'s website at the following page:


http://www.tmx.com/en/listings/venture_issuer_resources/finance_manual.html

Transitional Provisions:

All of the policy amendments described in this Bulletin are effective immediately.  The following transitional provisions are applicable.

1.       Warrants Under In-Progress Financings or Transactions:  For any in-progress financing or transaction filed with the Exchange involving the issuance of warrants that has not closed (in whole or in part), the Issuer may reduce the applicable exercise price for the warrants to benefit from the lower minimum acceptable pricing rules provided that the revised pricing would have been acceptable at the time of the original announcement of the financing or transaction had the policy amendments been in effect as of such date.  The Issuer will be required to issue a news release announcing any such amendment to the terms of the financing or transaction.
 
2.       Convertible Securities Under In-Progress Financings:  For any in-progress financing filed with the Exchange involving the issuance of Convertible Securities (as defined in Policy 4.1) that has not closed (in whole or in part), the Issuer may reduce the applicable conversion price for the offered securities to benefit from the lower minimum acceptable pricing rules provided that the revised pricing would have been acceptable at the time of the original announcement of the financing had the policy amendments been in effect as of such date.  The Issuer will be required to issue a news release announcing any such amendment to the terms of the financing.
 
3.       In-Progress Initial Public Offerings:  For any in-progress initial public offering filed with the Exchange that has not closed (in whole or in part), the Issuer may reduce the offering price to as low as $0.10 per security.
 
4.       In-Progress Share Consolidations:  For any in-progress share consolidation filed with the Exchange for which the Issuer is not required to obtain shareholder approval pursuant to applicable corporate laws, the Exchange will only require evidence of shareholder approval for such share consolidation if such consolidation in on a greater than 10 to 1 basis.
 
5.       Option Repricings:  Issuers may apply to have existing incentive stock options repriced to benefit from the lower minimum acceptable pricing rules.  Any such application must be completed in accordance with sections 5.1(b) and 5.2 of Policy 4.4 - Incentive Stock Options.  The Exchange will, however, provide partial relief from the requirements of section 5.1(b) in respect of any application to reprice options granted between January 1, 2013 and the date of this Bulletin to an exercise price below $0.10.  Specifically, the Exchange will not apply either the six-month waiting period requirement prescribed by section 5.1(b)(ii) or the disinterested shareholder approval requirement prescribed by section 5.1(b)(ii) in respect of any application to amend the exercise price of an incentive stock option to a price below $0.10 provided that the following conditions are satisfied:
   
         (a)      the option was granted between January 1, 2013 and the date of this Bulletin;
   
         (b)      the proposed revised price is not less than the Discounted Market Price (using the new definition for such term) at the time of grant of the option;
   
         (c)      the proposed revised price is not less than the Discounted Market Price at the time of the application for acceptance of the option repricing; and
   
         (d)      the application for acceptance of the option repricing is received by the Exchange on or before January 31, 2014.
   
6.       Warrant Amendments:  Issuers may apply to have existing share purchase warrants repriced to benefit from the lower minimum acceptable pricing rules.  Any such application must be completed in accordance with Part 4 of Policy 4.1.  It should be noted though that, in accordance with existing Exchange practice, the Exchange only allows unlisted warrants issued pursuant to a financing transaction (excluding agent's or finder's warrants) to be amended. This includes warrants issued pursuant to a private placement, prospectus offering or short form offering document. Warrants issued pursuant to other types of transactions (including property acquisitions, shares for debt transactions, loan bonuses, finder's fees, etc.) may not be amended.

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

Zafar Khan - Policy Counsel, 604-602-6982

TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 14 août 2013

Objet :  Modification de politiques
             (a) Règles relatives à la fixation du prix minimal des titres convertibles
             (b) Règles relatives à la fixation du prix minimal des premiers appels publics à l'épargne
             (c) Exigence d'approbation des actionnaires s'appliquant aux regroupements d'actions

Mise en œuvre des modifications des politiques :

Comme suite à l'avis aux émetteurs de la Bourse de croissance TSX (la « Bourse ») publié le 7 août 2013, la Bourse procède immédiatement à la mise en œuvre officielle des modifications aux politiques qui auront pour effet de libéraliser certaines exigences et restrictions actuellement prévues par les politiques à l'égard des règles relatives à la fixation du prix minimal et à la structure du capital. Ces modifications visent principalement à favoriser et à faciliter les opérations de financement et les inscriptions.

Les modifications spécifiques des politiques décrites ci-après auront principalement les effets suivants :

5.       Prix minimal des bons de souscription et des options : Réduction du prix d'exercice minimal
autorisé des bons de souscription d'actions et des options d'achat d'actions incitatives de 0,10 $
à 0,05 $ par action qui s'appliquera pendant toute la durée du bon de souscription ou de l'option.
   
6.       Prix minimal des débentures convertibles : Réduction du prix de conversion minimal autorisé
pour les débentures de 0,10 $ à 0,05 $ par action pour la première année de la durée de la
débenture.
   
7.       Prix minimal des premiers appels publics à l'épargne : Réduction du prix d'offre minimal
autorisé dans le cadre du premier appel public à l'épargne d'une société qui n'est pas une
société de capital de démarrage de 0,15 $ à 0,10 $ par titre.
   
8.       Approbation des actionnaires à l'égard des regroupements d'actions : Modification de
l'exigence d'approbation des actionnaires applicable aux regroupements d'actions de la Bourse.
La Bourse exigera l'approbation des actionnaires pour un regroupement d'actions, seulement si
celui-ci, conjugué à tout autre regroupement d'actions réalisé par l'émetteur au cours des 24 
mois précédents et n'ayant pas été approuvé par les actionnaires de cet émetteur, se traduisait
par un regroupement global à raison de plus de dix actions pour une au cours de cette période
de 24 mois. Il est à noter qu'un émetteur peut tout de même être assujetti aux exigences relatives
à l'approbation des actionnaires en vertu des lois sur les sociétés applicables.
   

Ce qui précède s'applique à tous les émetteurs inscrits à la Bourse, y compris à ceux qui sont inscrits à la NEX. Il importe toutefois de noter que les sociétés de capital de démarrage, y compris celles qui sont inscrites à la NEX, demeurent assujetties aux dispositions particulières de la Politique 2.4 - Sociétés de capital de démarrage, qui prévoit des restrictions quant à l'émission de bons de souscription et de débentures avant la réalisation de l'opération admissible.

Description des modifications spécifiques des politiques :

Les modifications suivantes du Guide du financement des sociétés de la Bourse de croissance TSX ont donné effet aux modifications précitées. Nonobstant leur vaste champ d'application, notamment en ce qui a trait aux règles relatives à la fixation du prix minimal, les modifications en question elles-mêmes sont relativement peu nombreuses.

7.       Politique 1.1 - Interprétation : La définition des termes « cours escompté » et « cours » a été
modifiée de manière à supprimer les mentions du prix d'exercice ou de conversion minimal de
0,10 $ par bon de souscription ou par option d'achat d'actions incitatives, selon le cas, et
d'autres titres convertibles en actions ordinaires. Ceci a pour effet de porter le prix minimal
acceptable d'exercice ou de conversion de ces titres dans les définitions de « cours escompté »
et de « cours » à 0,05 $. Ces modifications s'appliquent de fait également aux différentes
exigences relatives à la fixation du prix minimal énoncées dans les autres politiques qui lient
le prix minimal acceptable des bons de souscription d'actions, des options d'achat d'actions
incitatives et d'autres titres convertibles en actions ordinaires au cours escompté ou au cours,
selon le cas.
   
8.       Politique 2.1 - Exigences relatives à l'inscription : L'article 3 de la politique 2.1 a été modifié
de manière à préciser que le prix minimal acceptable dans le cadre d'un premier appel public à
l'épargne est désormais de 0,10 $ par titre.
   
9.       Politique 4.1 - Placements privés : 
   
         (a)      La définition du terme « titre convertible » au paragraphe 1.2 de la politique 4.1 a été
modifiée de manière à exclure spécifiquement les bons de souscription d'actions et les options
d'achat d'actions aux fins de la politique 4.1.
     
         (b)      L'alinéa 3.3a) de la politique 4.1 a été modifié de manière à prévoir que le prix de
conversion minimal des titres convertibles après la première année de leur durée correspond
au cours ou à 0,10 $, selon le montant le plus élevé.
   
         (c)      L'alinéa 3.4e) de la politique 4.1 a été modifié de manière à expliciter que, pour tout bon
de souscription émis en lien avec un titre convertible, le prix d'exercice du bon de souscription
ne doit pas être inférieur au prix de conversion initial du titre convertible (c.-à-d. que le prix
d'exercice du bon de souscription n'a pas à être rajusté si le prix de conversion du titre
convertible change pendant la durée du bon de souscription). Par exemple, pour un titre
convertible émis avec un prix de conversion initial de 0,05 $ qui augmente à 0,10 $ après la
première année de la durée du titre, tout bon de souscription émis en lien avec ce titre
convertible peut avoir un prix d'exercice de 0,05 $ pendant toute la durée du bon de souscription.
   
Il importe de noter que l'alinéa 3.4c) de la politique 4.1 a été modifié de manière à corriger une erreur
rédactionnelle. Cette modification n'est pas directement liée aux principales modifications des politiques
décrites dans le présent bulletin.
   
10.       Politique 4.6 - Appel public à l'épargne aux termes d'un document simplifié : Le paragraphe 
6.2 de la politique 4.6 a été modifié de manière à ce que le prix minimal acceptable d'exercice des
bons de souscription émis dans le cadre d'un placement aux termes d'un document simplifié
corresponde au cours des titres offerts dans le cadre du placement ou au cours de clôture des
actions inscrites le jour de bourse qui précède la date de publication du communiqué faisant état
du placement, selon le montant le plus élevé.
   
11.       Politique 5.8 - Dénomination sociale, changement de dénomination sociale, regroupements
d'actions et fractionnements d'actions : Le paragraphe 7.1 de la politique 5.8 a été modifié de
manière à modifier les circonstances (décrites ci-dessus dans le présent bulletin) dans lesquelles
la Bourse exigera l'approbation des actionnaires pour un regroupement d'actions.
   
12.       Politiques NEX :
   
           (a)      Le paragraphe 5.1 des Politiques NEX a été modifié de manière à porter le prix minimal
acceptable d'exercice des bons de souscription et des options d'achat d'actions incitatives de
0,10 $ à 0,05 $.
   
           (b)      Le paragraphe 6.1 des Politiques NEX a été modifié de manière à supprimer la référence
à un prix d'exercice des bons de souscription minimal de 0,10 $.
     

En plus de ce qui précède, il importe de noter qu'une modification accessoire a été apportée à l'alinéa 3.2e) de la Politique 5.1 - Emprunts, primes, honoraires d'intermédiation et commissions, qui permet que le prix d'exercice des bons de souscription octroyés à l'intermédiaire ou au mandataire dans le cadre d'un financement corresponde au prix d'offre du financement, même si ce prix d'offre est inférieur au cours. Cette modification cadre avec la pratique actuelle à la Bourse et permet de l'entériner dans la Politique.

Les renseignements qui précèdent ne sont qu'un résumé. Il y a lieu d'examiner le texte intégral des différentes modifications apportées aux politiques afin d'évaluer correctement le détail et l'incidence des modifications. Le texte intégral des politiques modifiées est accessible dans le site Web du Groupe TMX Inc. à l'adresse suivante :

http://www.tmx.com/fr/listings/venture_issuer_resources/finance_manual.html

Dispositions transitoires :

L'ensemble des modifications aux politiques décrites dans le présent bulletin entre en vigueur immédiatement. Les dispositions transitoires ci-après sont applicables.

7.       Bons de souscription dans le cadre de financements ou de transactions en cours : Pour
tout financement ou transaction déposés auprès de la Bourse comportant une émission de bons
de souscription dont la clôture n'a pas eu lieu (en tout ou en partie), l'émetteur peut réduire le prix
d'exercice applicable des bons de souscription de façon à bénéficier des règles relatives à la
fixation du prix minimal acceptable pourvu que le prix révisé eût été acceptable au moment de
l'annonce initiale du financement ou de la transaction si les modifications apportées aux politiques
avaient été en vigueur à cette date. L'émetteur sera tenu de publier un communiqué de presse
annonçant la modification des modalités du financement ou de la transaction.
   
8.       Titres convertibles dans le cadre de financements en cours : Dans le cadre d'un financement
déposé auprès de la Bourse comportant l'émission de titres convertibles (selon la définition de la
politique 4.1) dont la clôture n'a pas eu lieu (en tout ou en partie), l'émetteur peut réduire le prix de
conversion applicable des titres offerts afin de bénéficier des règles prévoyant la fixation d'un prix
minimal acceptable inférieur pourvu que le prix révisé eût été acceptable au moment de l'annonce
initiale du financement si les modifications apportées à la politique avaient été en vigueur à cette date.
L'émetteur sera tenu de publier un communiqué de presse annonçant la modification des modalités
du financement.
   
9.       Premiers appels publics à l'épargne en cours : Pour tout premier appel public à l'épargne en
cours déposé auprès de la Bourse dont la clôture n'a pas eu lieu (en tout ou en partie), l'émetteur
peut réduire le prix d'offre jusqu'à 0,10 $ par titre.
   
10.     Regroupements d'actions en cours : Pour tout regroupement d'actions en cours déposé auprès
de la Bourse à l'égard duquel l'émetteur n'est pas tenu en vertu des lois sur les sociétés applicables
d'obtenir l'approbation des actionnaires, la Bourse exigera uniquement la preuve de l'approbation
des actionnaires à l'égard d'un tel regroupement d'actions s'il est effectué à raison de plus de dix
actions pour une.
   
11.    Modification du prix d'options : L'émetteur peut soumettre une demande de modification du prix
d'options d'achat d'actions incitatives afin de bénéficier des règles relatives à la fixation du prix minimal
acceptable. Une telle demande doit être présentée conformément à l'alinéa 5.1b) et au paragraphe 
5.2 de la Politique 4.4 - Options d'achat d'actions incitatives. La Bourse pourra toutefois offrir une
dispense partielle des exigences de l'alinéa 5.1b) en ce qui a trait à la demande de modification du
prix d'options attribuées entre le 1er janvier 2013 et la date du présent bulletin à un prix d'exercice
inférieur à 0,10 $. Ainsi, la Bourse n'appliquera pas l'exigence relative à la période d'attente de six mois
prescrite au sous-alinéa 5.1b)(ii) ou l'exigence relative à l'approbation des actionnaires désintéressés
prescrite au sous-alinéa 5.1b)(ii) relativement à une demande de modification du prix d'exercice d'une
option d'achat d'action incitative à un prix d'exercice inférieur à 0,10 $ pourvu que les conditions
suivantes soient satisfaites :
   
         (a)      l'option a été attribuée entre le 1er janvier 2013 et la date du présent bulletin;
   
         (b)      le prix révisé proposé n'est pas inférieur au cours escompté (selon la nouvelle définition de ce
terme) au moment de l'attribution de l'option;
   
         (c)      le prix révisé proposé n'est pas inférieur au cours escompté au moment du dépôt de la demande
de modification du prix de l'option;
   
         (d)      la demande de modification du prix de l'option est reçue par la Bourse au plus tard le 31 janvier
2014.
   
12.    Modification de bons de souscription : L'émetteur peut soumettre une demande de modification du
prix de bons de souscription d'actions existants afin de bénéficier des règles prévoyant la fixation d'un
prix minimal acceptable inférieur. Cette demande doit être présentée conformément à l'article 4 de la
politique 4.1. Il importe toutefois de noter que, conformément aux pratiques en vigueur à la Bourse, la
Bourse permet seulement la modification des bons de souscription qui ne sont pas inscrits à la Bourse
dans le cadre d'une opération de financement (à l'exclusion des bons de souscription d'intermédiaire
ou mandataire). Ceci comprend les bons de souscription émis dans le cadre d'un placement privé, d'un
placement au moyen d'un prospectus ou d'un document d'offre simplifié. Les bons de souscription émis
dans le cadre d'autres types d'opérations (notamment l'acquisition de biens, l'émission d'actions en
règlement d'une dette, d'emprunts, de primes, d'honoraires d'intermédiation et de commissions, etc.)
ne peuvent être modifiés.
     

Toute question concernant le présent bulletin peut être adressée à la personne suivante :

Zafar Khan, conseiller juridique, Politiques -  604 602-6982.

____________________________

ALPHA MINERALS INC. ("AMW")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 12:29 p.m., PST, August 14, 2013, 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.

________________________________________

ANGKOR GOLD CORP. ("ANK")
BULLETIN TYPE:  Warrant Term Extension
BULLETIN DATE:  August 14, 2013
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:  9,990,000
Original Expiry Date of Warrants:                   August 8, 2013 - September 9, 2013
  October 7, 2013
New Expiry Date of Warrants:  April 30, 2014
Exercise Price of Warrants:  $0.45
   

These warrants were issued pursuant to private placements of 20,000,000 shares with 10,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective October 18, 2011.

________________________________________

ANTIBE THERAPEUTICS INC. ("ATE")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 6:12 a.m., PST, August 14, 2013, 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.

________________________________________

ANTIBE THERAPEUTICS INC. ("ATE")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 8:00 a.m., PST, August 14, 2013, shares of the Company resumed trading, an announcement having been made.

________________________________________

BACANORA MINERALS LTD. ("BCN")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 10:48 a.m. PST, August 14, 2013, 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.

________________________________________

BACANORA MINERALS LTD. ("BCN")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 1:00 p.m., PST, August 14, 2013, shares of the Company resumed trading, an announcement having been made.

________________________________________

CASTLE PEAK MINING LTD. ("CAP")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 23, 2013:

Number of Shares:  40,000,000 shares
   
Purchase Price:  $0.05 per share
   
Warrants:  40,000,000 share purchase warrants to purchase 40,000,000 shares
   
Warrant Exercise Price:              $0.10 for a three year period
   
Number of Placees:  2 placees
   
Insider / Pro Group Participation:    
     
  Insider=Y /  
Name  ProGroup=P             # of Shares
     
Marsevia Holdings Ltd.    
(Grizal Enterprises Ltd. - Gennadiy Bogolyubov)         Y  20,000,000
Candel and Partners SAS (Allan Green)  Y  20,000,000
     

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.  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.

________________________________________

COPPER ONE INC. ("CUO")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange (the 'Exchange') has accepted for filing a share exchange agreement (the 'Agreement') dated July 25, 2013 between Copper One Inc. ('Copper One'), and Cornerstone Metals Inc. ('Cornerstone'), pursuant to a letter of intent dated March 20, 2013, as amended April 15, 2013, April 22, 2013 and May 3, 2013. Pursuant to the Agreement, Cornerstone will acquire all of the common shares of Copper One's wholly owned subsidiary, Copper One USA, Inc. ('CO USA').

Under the terms of the Agreement, Copper One will receive 2,250,000 common shares of Cornerstone in addition to certain contingent consideration.

Insider / Pro Group Participation:           Paul Cowley is a director of both Copper One and Cornerstone.
   

Please refer to Copper One's news release dated July 29, 2013 for further information.

________________________________________

DEER HORN METALS INC. ("DHM")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 25, 2013:

Number of Shares:  50,000,000 shares
   
Purchase Price:  $0.005 per share
   
Number of Placees:                    20 placees
   
Insider / Pro Group Participation:    
     
  Insider=Y /  
Name  ProGroup=P      # of Shares
     
Tyrone Docherty   Y  2,000,000
Docherty Capital Corp. (Tyrone Docherty)        Y  10,000,000
     

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.

________________________________________

ENVIRONMENTAL WASTE INTERNATIONAL INC. ("EWS")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 9, 2013:

Number of Shares:  3,600,000 shares
   
Purchase Price:  $0.10 per share
   
Warrants:  1,800,000 share purchase warrants to purchase 1,800,000 shares
   
Warrant Exercise Price:               $0.175 for a two year period
   
Number of Placees:  5 placees
   
Insider / Pro Group Participation:               
     
  Insider=Y /  
Name  ProGroup=P               # of Shares
     
Amici Offshore Ltd.  Y  850,000
     

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). 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.

________________________________________

FISSION URANIUM CORP. ("FCU")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 12:28 p.m., PST, August 14, 2013, 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.

________________________________________

GOLD CANYON RESOURCES INC. ("GCU")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 13, 2013:

Number of Shares:  3,576,957 shares
   
Purchase Price:  $0.23 per share
   
Warrants:  3,576,957 share purchase warrants to purchase 3,576,957 shares
   
Warrant Exercise Price:              $0.40 for a two year period
   
Number of Placees:  16 placees
   
Insider / Pro Group Participation:    
     
  Insider=Y /  
Name  ProGroup=P              # of Shares 
     
Aggregate Pro Group Involvement        P  1,086,957
      [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.

________________________________________

GOLD JUBILEE CAPITAL CORP. ("GJB")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Property-Asset or Share Purchase Agreement:

TSX Venture Exchange (the 'Exchange') has accepted for filing a purchase agreement dated May 22, 2013 (the 'Agreement'). The Agreement is between Gold Jubilee Capital Corp. (the 'Company') and Dustin Perry (the 'Vendor').

Pursuant to the Agreement, the Company has acquired a 100% interest in the Pyramid Copper Property (the 'Property'), located in northern British Columbia. Consideration for the Property is payment of $12,900 and the issuance of 500,000 common shares of the Company to the Vendor.

For further information please refer to the Company's news release dated May 23, 2013.

Private Placement-Non-Brokered:

In addition, the Exchange has accepted for filing the final tranche of a Non-Brokered Private Placement announced May 23, 2013, and August 9, 2013:

Number of Shares:  2,290,000 non-flow through shares and 6,000,000 flow through shares
   
Purchase Price:  $0.05 per share
   
Number of Placees:                     4 placees
   
Insider / Pro Group Participation:               
     
  Insider=Y /  
Name  ProGroup=P             # of Shares
     
0709037 BC Ltd. (Minaz Devji)  Y     2,290,000 NFT
Minaz Devji  Y     3,800,000 FT
George Cavey  Y     1,500,000 FT
     

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.

______________________________

MACUSANI YELLOWCAKE INC. ("YEL")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 6:22 a.m., PST, August 14, 2013, 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.

________________________________________

MACUSANI YELLOWCAKE INC. ("YEL")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 8:45 a.m., PST, August 14, 2013, shares of the Company resumed trading, an announcement having been made.

________________________________________

SAGE GOLD INC. ("SGX")
BULLETIN TYPE:  Shares for Services
BULLETIN DATE: August 14, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 333,340 shares at a deemed price of $0.05 to an arm's length party, in consideration of certain services provided to the company pursuant to an agreement dated June 13, 2013.

Please refer to the Company's news release dated August 12, 2013.

________________________________________

TRANSITION METALS CORP. ("XTM")
BULLETIN TYPE:  Halt
BULLETIN DATE:  August 14, 2013
TSX Venture Tier 2 Company

Effective at 12:12 p.m., PST, August 14, 2013, 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.

________________________________________

VUZIX CORPORATION ("VZX")
BULLETIN TYPE: Suspend
BULLETIN DATE: August 14, 2013
TSX Venture Tier 2 Company

Further to TSX Venture Exchange Bulletin dated July 31, 2013, effective at the open on August 15, 2013, trading in the shares of the Company will be suspended, for failure to comply with Exchange Requirements. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.

_____________________________________

NEX COMPANY:

NORTHERN SUN EXPLORATION COMPANY INC. ("NSE.H")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: August 14, 2013
NEX Company

Further to the TSX Venture Exchange Bulletin dated June 17, 2011, the Exchange has been advised that the Cease Trade Orders issued by the Alberta Securities Commission on March 6, 2009, the British Columbia Securities Commission on March 11, 2009 and the Ontario Securities Commission on March 23, 2009 have been revoked.

Effective at the opening, Thursday August 15, 2013 trading will be reinstated in the securities of the Company (CUSIP 665801 10 6).

________________________________________

SOURCE: TSX Venture Exchange

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

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