VANCOUVER, Feb. 24, 2014 /CNW/ -
TSX VENTURE COMPANIES:
ALEXANDRA CAPITAL CORP. ("AXC.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 21, 2014, effective at 7:18 a.m.,
February 24, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding a Qualifying Transaction pursuant to TSXV Policy 2.4 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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ATORO CAPITAL CORP. ("TTO.P")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 10:25 a.m., PST, February 24, 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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AVINO SILVER & GOLD MINES LTD. ("ASM")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 21, 2013:
| Number of Shares: | 2,066,115 shares |
| Purchase Price: | US$2.42 per share |
| Warrants: | 1,033,058 share purchase warrants to purchase 1,033,058 shares |
| Warrant Exercise Price: | US$2.87 for a one year period. The warrants are subject to an accelerated exercise provision in the event the closing volume weighted average price of the Company's shares on the NYSE-MKT is greater than US$7.00 for a period of 20 consecutive trading days. |
| Number of Placees: | 2 placees |
| Agent's Fee: | Noble Financial Capital markets will receive a 7% commission in the amount of US$350,000.00. |
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.
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DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 28, 2014:
| Number of Shares: | 2,000,000 shares |
| Purchase Price: | $0.05 per share |
| Warrants: | 2,000,000 share purchase warrants to purchase 2,000,000 shares |
| Warrant Exercise Price: | $0.05 for a two year period. If the volume weighted average trading price is at $0.20 or higher for 20 consecutive trading days at any time after 12 months from closing, the Company may, upon giving notice to the warrantholder, shorten the expiry date of the warrants to 30 days from the date of notice. |
| Number of Placees: | 12 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Ronald E. Sowerby | Y | 200,000 |
| Winfield Consulting Ltd. (Bruce Winfield) | Y | 200,000 |
| Kesa Capital Corp (Darrell Rader) | Y | 200,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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EAST AFRICA METALS INC. ("EAM")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 6:13 a.m., PST, February 24, 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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EAST AFRICA METALS INC. ("EAM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 11:00 a.m., PST, February 24, 2014, shares of the Company resumed trading, an announcement having been made.
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ELKWATER RESOURCES LTD. ("ELW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 28, 2014:
| Number of Shares: | 5,000,000 shares |
| Purchase Price: | $0.05 per share |
| Number of Placees: | 5 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Don Brown | Y | 2,000,000 |
No Finder's Fee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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EVERTON RESOURCES INC. ("EVR")
BULLETIN TYPE: Consolidation
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Pursuant to a Special Resolution accepted by shareholders on December 13, 2013, the Company has consolidated its capital on a five (5) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening on Tuesday, February 25, 2014, the common shares of the Company will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a "Gold and Silver Ore Mining" issuer (NAICS Number: 212220).
| Post - Consolidation | |
| Capitalization: | Unlimited shares with no par value of which |
| 30,930,845 shares are issued and outstanding | |
| Escrow | Nil shares |
| Transfer Agent: | Computershare Investor Services Inc. (Montreal and Toronto) |
| Trading Symbol: | EVR (UNCHANGED) |
| CUSIP Number: | 300410305 (new) |
EVERTON RESOURCES INC. (« EVR »)
TYPE DE BULLETIN : Regroupement
DATE DU BULLETIN : Le 24 février 2014
Société du groupe 2 de TSX Croissance
En vertu d'une résolution spéciale des actionnaires du 13 décembre 2013, la société a regroupé son capital-actions sur la base de cinq (5) anciennes actions pour une (1) nouvelle action. La dénomination sociale de la société n'a pas été modifiée.
Les actions ordinaires de la société seront admises à la négociation à la Bourse de croissance TSX sur une base regroupée à l'ouverture des affaires mardi le 25 février 2014. La société est catégorisée dans le secteur « Extraction de minerais d'or et d'argent » (numéro de SCIAN : 212220).
| Capitalisation après consolidation : | Un nombre illimité d'actions ordinaires sans valeur nominale, dont 30 930 845 actions ordinaires sont émises et en circulation. |
| Actions entiercées : | Nil actions |
| Agent des transferts : | Services aux Investisseurs Computershare inc. (Montréal et Toronto) |
| Symbole au téléscripteur : | EVR (INCHANGÉ) |
| Numéro de CUSIP : | 300410305 (nouveau) |
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GEOMEGA RESOURCES INC. ("GMA")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 6:47 a.m., PST, February 24, 2014, trading in the shares of the Company was halted 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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GOLDEN HOPE MINES LIMITED ("GNH")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 5:44 a.m., PST, February 24, 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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GOLDEN HOPE MINES LIMITED ("GNH")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 8:15 a.m., PST, February 24, 2014, shares of the Company resumed trading, an announcement having been made.
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GOURMET OCEAN PRODUCTS INC. ("GOP")
[formerly Megal Capital Corporation ("MGL.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Name Change, Resume Trading, Private Placement - Brokered, Private Placement - Non-Brokered, Escrow Transfer
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated November 29, 2013.. As a result, at the opening on Tuesday, February 25, 2014, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
1. Acquisition
The acquisition of Wen Lian Aquaculture Co. Ltd. for a consideration of 90,000,000 shares of the Company.
The transaction is being effected by way of a Plan of Arrangement.
2. Private Placement - Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 4, 2013 and December 20, 2013.
| Number of Shares: | 20,000,000 shares |
| Purchase Price: | $0.20 per share |
| Number of Placees: | 57 Placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Aggregate Pro Group Involvement | P | 240,000 |
| [5 placees] | ||
| Agent's Fees | Cannacord Genuity Corp. - $225,000 Cash, 400,000 shares & 597,000 warrants | |
| GMP Securities LP - 178,000 warrants | ||
| Leede Financial Markets Inc. - 175,000 warrants | ||
| Euro Pacific Canada - 175,000 warrants | ||
| The Agents' warrants are exercisable at $0.20 for 2 year. | ||
3. Private Placement - Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 4, 2013 and December 20, 2013.
| Number of Shares: | 5,000,000 shares |
| Purchase Price: | $0.20 per share |
| Number of Placees: | 1 Placee |
| Insider/Pro-Group Participation: | N/A |
| Finder's Fee: | N/A |
4. Escrow Transfer
The transfer of 2,716,666 existing escrow shares to Guonan Qui from Harold Lee (600,000), Allan Ho (333,333), Albert Yu (733,333), George Dorin (525,000) and Craig Robson (525,000) at a price of $0.10 per share.
5. Name Change and Resume Trading
Pursuant to a resolution passed by Directors on February 14, 2014, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the Opening on Tuesday, February 25, 2014, the common shares of Gourmet Ocean Products Inc. will commence trading on TSX Venture Exchange and the common shares of Megal Capital Corporation will be delisted. The Company is classified as a "Distribution" company.
| Capitalization: | Unlimited shares with no par value of which |
| 124,483,333 shares are issued and outstanding | |
| Escrow: | 108,083,333 shares |
| Transfer Agent: | Equity Financial Trust Company |
| Trading Symbol: | GOP (new) |
| CUSIP Number: | 383561107 (new) |
| Company Contact: | Peter Hughes |
| Company Address: | 1202 - 6188 Patterson Ave., Burnaby, BC V5H 2N1 |
| Company Phone Number: | (604) 802-7372 |
| Company Fax Number: | (778) 329 9361 |
| Company Email Address: | [email protected] |
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NOKA RESOURCES INC. ("NX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Second and Final Tranche of a Non-Brokered Private Placement announced January 14, 2014 and February 6, 2014:
| Number of Shares: | 5,360,000 shares |
| Purchase Price: | $0.10 per share |
| Warrants: | 5,360,000 share purchase warrants to purchase 5,360,000 shares |
| Warrant Exercise Price: | $0.20 for a two year period |
| Number of Placees: | 20 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Aggregate Pro Group Involvement | P | 1,000,000 |
| [3 placees] | ||
| Finders' Fees: | Mackie Research Capital - $19,200 cash and 192,000 agent's warrants payable. | |
| GMP Securities L.P. - $5,600 cash and 56,000 agent's warrants payable. | ||
| Peter Przygoda - $11,200 cash and 112,000 agent's warrants payable. | ||
| - Each agent's warrant is exercisable into one common share at $0.20 for two years from closing. | ||
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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SMART EMPLOYEE BENEFITS INC. ("SEB")
BULLETIN TYPE: Private Placement-Brokered, Convertible Debenture/s
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 27, 2014:
| Convertible Debenture | $2,000,000 |
| Conversion Price | Convertible into common shares at $0.50 in year 1 and $0.60 in year 2 of principal outstanding per share until maturity |
| Maturity Date | February 12, 2014 |
| Interest Rate | 8% |
| Number of Placees: | 21 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | Amount |
| Aggregrate ProGroup Involvement | P | $350,000 |
| [4 placees] | ||
| Agent's Fees: | An aggregate of $140,000 plus up to 320,000 broker warrants (each exercisable into one common share at a price of $0.50 for a three year period) is payable to MGI Securities Inc. | |
| Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). | ||
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SOMEDIA NETWORKS INC. ("VID")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 4, 2014:
| Number of Shares: | 2,666,667 shares |
| Purchase Price: | $0.15 per share |
| Number of Placees: | 3 placees |
| Finder's Fee: | $10,500 cash and 70,000 units payable to PI Financial Corp. |
| - Each finder's fee unit consists of one common share and one share purchase warrant exercisable at $0.40 per share for two 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.
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STORM RESOURCES LTD. ("SRX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 23, 2014 and closed February 14, 2014:
| Number of Shares: | 1,250,000 shares |
| Purchase Price: | $4.10 per share |
| Warrants: | None |
| Number of Placees: | 9 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Brian Lavergne | Y | 200,000 |
| Donald McLean | Y | 40,000 |
| Matthew Brister | Y | 900,000 |
| John Brussa | Y | 25,000 |
| Finder's Fee: | None |
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TELSON RESOURCES INC. ("TSN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 13, 2014:
| Number of Shares: | 10,000,000 shares |
| Purchase Price: | $0.05 per share |
| Warrants: | 10,000,000 share purchase warrants to purchase 10,000,000 shares |
| Warrant Exercise Price: | $0.05 for a two year period |
| Number of Placees: | 1 placee |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | |
| DanDan Zhang | Y |
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.
________________________________________
TIGRAY RESOURCES INC. ("TIG")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 6:13 a.m., PST, February 24, 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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TIGRAY RESOURCES INC. ("TIG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 11:00 a.m., PST, February 24, 2014, shares of the Company resumed trading, an announcement having been made.
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TRUE GOLD MINING INC. ("TGM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 3, 2014:
| Number of Shares: | 410,994 shares |
| Purchase Price: | $0.30 per share |
| Number of Placees: | 1 placee |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | |
| Liberty Metals & Mining Holdings LLC | Y |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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TRUE GOLD MINING INC. ("TGM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 28, 2014:
| Number of Shares: | 24,358,400 shares |
| Purchase Price: | $0.40 per share |
| Warrants: | 12,179,200 share purchase warrants to purchase 12,179,200 shares |
| Warrant Exercise Price: | $0.47 for six month period |
| Number of Placees: | 1 placee |
| Insider / Pro Group Participation: |
| Insider=Y / | ||
| Name | ProGroup=P | |
| Liberty Metals & Mining Holdings, LLC | Y |
Liberty shall not exercise any warrants issued to it under the private placement if, following such exercise, Liberty would own more than 19.9% of the Company's common shares, unless the Issuer has first obtained the necessary shareholder and regulatory approvals to permit such exercise.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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TURNBERRY RESOURCES LTD. ("TUR")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Comp
Effective at 5:00 a.m., PST, February 24, 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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TURNBERRY RESOURCES LTD. ("TUR")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 24, 2014, effective at 6:05 a.m.,
February 24, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation a Change of Business and/or Reverse Takeover pursuant to TSXV Policy 5.2. 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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URAGOLD BAY RESOURCES INC. ("UBR")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 5:44 a.m., PST, February 24, 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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URAGOLD BAY RESOURCES INC. ("UBR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 8:15 a.m., PST, February 24, 2014, shares of the Company resumed trading, an announcement having been made.
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VALGOLD RESOURCES LTD. ("VAL")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 1 Company
Effective at 10:00 a.m., PST, February 24, 2014, trading in the shares of the Company was halted, pending Company contact. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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WESTBOND ENTERPRISES CORPORATION ("WBE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 14, 2014:
| Number of Shares: | 3,447,000 shares |
| Purchase Price: | $0.09 per share |
| Number of Placees: | 9 placees |
Insider / Pro Group Participation:
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Gennaro Magistrale | Y | 280,000 |
| Owen Granger | Y | 125,000 |
| John Seppala | Y | 222,222 |
| Mario Grech | Y | 2,225,000 |
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.
________________________________________
WESTERN PACIFIC RESOURCES CORP. ("WRP")
BULLETIN TYPE: Halt
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, February 24, 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.
________________________________________
WESTERN PACIFIC RESOURCES CORP. ("WRP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
Effective at 10:15 a.m., PST, February 24, 2014, shares of the Company resumed trading, an announcement having been made.
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XIMEN MINING CORP. ("XIM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 24, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing documentation pertaining to an option agreement (the 'Agreement') dated November 27, 2013, between Ximen Mining Corp. (the 'Company'), and 0979475 BC Ltd. Pursuant to the Agreement, the Company will acquire a 100% option (the 'Option') in the Gold Drop Property (the 'Property'), subject to a 2% NSR. The Property is located in Southern British Columbia.
Consideration for the Property is as follows:
| CASH | SHARES | |
| On signing of Agreement | $25,000 (paid) | nil |
| On Exchange approval | $15,000 | 150,000 |
| On or before February 23, 2015 | $60,000 | 250,000 |
| On or before February 23, 2016 | $70,000 | 350,000 |
| Insider / Pro Group Participation: | Al Beaton owns 100% of 0979475 BC Ltd. and stands to become an Insider of the Company in the event the Option is exercised by the Company. |
|
For additional information please refer to the Company's news releases dated October 25, 2013 and November 27, 2013.
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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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