VANCOUVER, Jan. 27, 2014 /CNW/ -
TSX VENTURE COMPANIES:
ABEN RESOURCES LTD. ("ABN")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 6,728,000 shares at a deemed price of $0.05 to settle outstanding debt for $386,400.
The Company shall issue a news release when the shares are issued and the debt extinguished.
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BOLD STROKE VENTURES INC. ("BSV.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
The shares of the Company were listed on the TSX Venture Exchange on February 27, 2012. 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 the 24-month anniversary date of February 27, 2014, 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.
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GLOBAL COBALT CORPORATION ("GCO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 16, 2014:
| Number of Shares: | 11,896,999 shares |
| Purchase Price: | $0.20 per share |
| Warrants: | 5,948,499 share purchase warrants to purchase 5,948,499 shares |
| Warrant Exercise Price: | $0.35 for a three year period |
| Number of Placees: | 7 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Imperial Mining Holding Limited | Y | 8,431,999 |
| Alexander Ordanian | Y | 1,065,000 |
| Finder's Fee: | $33,780 payable to Euro Pacific Canada, with 153,900 warrants exercisable at $0.35 for three years. | |
| $3,000 payable to PI Financial Corp., with 15,000 warrants exercisable at $0.35 for three years. | ||
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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ICO THERAPEUTICS INC. ("ICO")
BULLETIN TYPE: Halt
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Effective at 6:25 a.m., PST, January 27, 2014, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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ICO THERAPEUTICS INC. ("ICO")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Effective at 7:45 a.m., PST, January 27, 2014, shares of the Company resumed trading, an announcement having been made.
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MCM CAPITAL ONE INC. ("ZGN.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated December 23, 2013, effective at the open, Tuesday, January 28, 2014, trading in the shares of the Company will be suspended, the Company having failed to complete a Qualifying Transaction within 24 months of its listing.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
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MORRO BAY RESOURCES LTD. ("MRB")
[formerly Morro Bay Capital Ltd. ("MRW.P")]
BULLETIN TYPE: Resume Trading, Qualifying Transaction-Completed/New Symbol, Private Placement-Brokered, Name Change
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Resume Trading
Effective at opening January 28, 2014, the common shares of the Company will resume trading, an announcement having been made on January 22, 2014 as to completion of the Company's Qualifying Transaction, as set forth below.
Qualifying Transaction-Completed/New Symbol
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Information Circular dated December 18, 2013. As a result, at the opening on January 28, 2014 the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction involves the arm's length acquisition (the Acquisition) of an option from Sierra Madre Developments Inc.(Sierra Madre), an Exchange listed issuer, to earn an initial 51% interest and up to a 65% interest (the Option) in certain mineral concessions in the Penoles Mining District of Durango in Mexico (the Penoles Project) along with the acquisition of a drill well (the Asset) that is used by Sierra Madre on the Penoles Project.
The consideration for Acquisition of the Option and the related Asset from Sierra Madre involves the issuance of 16,000,000 common shares of the Company at a deemed price of $0.10 per share for aggregate deemed consideration of $1,600,000, along with the issuance of 8,000,000 warrants exercisable: (i) at $0.15 per share, if exercised prior to June 15, 2014, and (ii) at $0.25 per share, if exercised on or after June 15, 2014, but prior to expiry, being one year from closing. Subject to Exchange acceptance, Sierra Madre proposes to distribute these consideration securities to its shareholders as a dividend in kind (the Dividend in Kind).
In order to earn its initial 51% interest in the Penoles Project, the Company must incur certain expenditures and make certain payments within certain specified periods, all as detailed in the Company's Information Circular dated December 18, 2013.
As a condition of completion of the Acquisition, the Company completed a brokered private placement of 6,330,000 common shares at a price of $0.10 per share, for gross proceeds of $633,000.
The Exchange has been advised that the above transactions, approved by Shareholders on January 14, 2014, have been completed, other than the Dividend in Kind. Additional details of the transactions are included in the Company's Information Circular dated December 18, 2013, as well as its news releases dated October 22, 2013, December 23, 2013, January 6, 2014, January 17, 2014, and January 22, 2014, all of which may be found on SEDAR.
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares (1) |
| Carl von Einsiedel | Y | 1,163,200 |
| Garth Kirkham | Y | 118,560 |
Note :
(1) This assumes completion of the Dividend in Kind.
In addition, the Exchange has accepted for filing the following:
Private Placement-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 6, 2014:
| Number of Shares: | 6,330,000 common shares |
| Purchase Price: | $0.10 per share |
| Number of Placees: | 32 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Elmer Stewart | Y | 10,000 |
| Carl Von Einsiedel | Y | 100,000 |
| John Zang | Y | 300,000 |
| Matthew Zubot | Y | 100,000 |
| Agent's Fee: | Richardson GMP Limited received a commission of $63,300, corporate finance fees, and agent's warrants to acquire 633,000 common shares exercisable at $0.10 per share until January 22, 2016. |
|
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company 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.
Name Change
Pursuant to a resolution passed by shareholders on January 14, 2014, the Company has changed its name from Morro Bay Capital Ltd. to Morro Bay Resources Ltd. There is no consolidation of capital.
Effective at the opening on Tuesday, January 28, 2014 the common shares of Morro Bay Resources Ltd will commence trading on TSX Venture Exchange, and the common shares of Morro Bay Capital Ltd. will be delisted. The Company is classified as a 'gold and silver ore mining' company.
| Capitalization: | Unlimited common shares with no par value of which |
| 53,309,950 common shares are issued and outstanding | |
| Escrow | 8,760,042 an aggregate of common shares will be subject to escrow |
| assuming completion of the Dividend in Kind with | |
| 4,800,000 currently subject to a CPC Escrow Agreement | |
| 1,291,760 shares to be subject to a Tier 2 Value Escrow Agreement and, | |
| 2,668,282 shares to be subject to a voluntary escrow agreement. | |
| Transfer Agent: | Olympia Trust Company |
| Trading Symbol: | MRB (new) |
| CUSIP Number: | 618870 10 9 (new) |
| Company Contact: | John Zang |
| Company Address: | 1800, 700-4th Avenue SW |
| Calgary, AB T2P 3J4 | |
| Company Phone Number: | 403-680-9264 |
| Company Fax Number: | 403-717-9698 |
| Company Email Address: | [email protected] |
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NOBEL REAL ESTATE INVESTMENT TRUST ("NEL.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: January 24, 2014
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
| Distribution per Unit: | $0.000297 |
| Payable Date: | February 17, 2014 |
| Record Date: | January 31, 2014 |
| Ex-Distribution Date: | January 29, 2014 |
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NORTHERN TIGER RESOURCES INC. ("NTR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Effective at 9:30 a.m., PST, January 27, 2014, shares of the Company resumed trading, an announcement having been made.
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OPSENS INC. ("OPS")
BULLETIN TYPE: Halt
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Effective at 12:34 p.m. PST, January 27, 2014, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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PRO REAL ESTATE INVESTMENT TRUST ("PRV.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: January 27, 2014
TSX Venture Tier 1 Company
The Issuer has declared the following distribution(s):
| Distribution per Unit: | $0.0175 |
| Payable Date: | February 17, 2014 |
| Record Date: | January 31, 2014 |
| Ex-Distribution Date: | January 29, 2014 |
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RAINBOW RESOURCES INC. ("RBW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 27, 2014:
| Number of Shares: | 450,000 flow through shares |
| 500,000 non flow through shares | |
| Purchase Price: | $0.05 per share (flow through and non flow through) |
| Warrants: | 700,000 share purchase warrants to purchase 700,000 shares |
| Warrant Exercise Price: | $0.10 for an eighteen month period |
| Number of Placees: | 3 placees |
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.
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RAINBOW RESOURCES INC. ("RBW")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 982,000 shares to settle outstanding debt for $90,729.12.
Number of Creditors: 7 Creditors
The Company shall issue a news release when the shares are issued and the debt extinguished.
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SIERRA MADRE DEVELOPMENTS INC. ("SMG")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
The Issuer has declared the following distribution:
| Distribution per Share: | 0.2964 Morrow Bay share |
| 0.1482 Morrow Bay warrant | |
| Payable Date: | February 14, 2014 |
| Record Date: | February 3, 2014 |
| Ex-Dividend Date: | February 18, 2014 |
| Terms of Morrow Bay Warrant: | Each warrant is exercisable for one Morrow Bay common share at a price of $0.15 until June 15, 2014, and thereafter at a price of $0.25 per share until January 22, 2015. |
DUE BILL TRADING:
Further to the news release dated January 22, 2014, the Company has declared a special dividend of securities of Morrow Bay Capital Ltd. ('Morrow Bay') payable on February 14, 2014 to shareholders of record as at the close of business on February 3, 2014. The common shares of the Company will commence trading on a "due bill" basis from the opening of January 30, 2014 until February 14, 2014 inclusively. Sellers of the shares from January 30, 2014 to and including February 14, 2014 will not be entitled to the distribution. The shares will commence trading on an ex-distribution basis effective at the opening on February 18, 2014.
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SIERRA MADRE DEVELOPMENTS INC. ("SMG")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Asset Purchase Agreement dated November 28, 2013 between Sierra Madre Developments Inc. (the 'Company') and Morro Bay Capital Ltd. ('Morro Bay'), pursuant to which Morro Bay will acquire the Company's interest in the Peñoles project, located in Durango State, Mexico. In consideration, the Company will receive 16,000,000 common shares of Morro Bay and 8,000,000 warrants, each exercisable for one additional common share of Morro Bay at a price of $0.15 per share if exercised prior to June 15, 2014, and at a price of $0.25 per share on or after June 15, 2014 until January 22, 2015.
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STAKEHOLDER GOLD CORP. ("SRC")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and accepted the change of the Filing and Regional Office from Montréal, Québec to Toronto, Ontario.
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WEST KIRKLAND MINING INC.. ("WKM")
BULLETIN TYPE: Halt
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, January 27, 2014, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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WEST KIRKLAND MINING INC. ("WKM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 27, 2014
TSX Venture Tier 2 Company
Effective at 10:15 a.m., PST, January 27, 2014, shares of the Company resumed trading, an announcement having been made.
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NEX COMPANY:
GO CAPITAL I, INC. ("GOC.H")
BULLETIN TYPE: Halt
BULLETIN DATE: January 27, 2014
NEX Company
Effective at 9:21 a.m., PST, January 27, 2014, trading in the shares of the Company was halted for failure to maintain a Transfer Agent. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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SOURCE: TSX Venture Exchange
For further information:
Market Information Services at 1-888-873-8392, or email: [email protected]
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