VANCOUVER, March 11, 2014 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: March 10, 2014
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on March 10, 2014 against the following company for failing to file the documents indicated within the required time period:
| Symbol |
Tier |
Company |
Failure to File |
Period Ending (Y/M/D) |
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| PCV |
2 |
Pacific Cascade Minerals Inc. |
Interim financial statements for the financial period ended |
13/12/31 |
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A Form 51-102F1 Management's Discussion and Analysis for the period ended |
13/12/31 |
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. 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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AIM EXPLORATIONS LTD. ("AXN.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated March 10, 2014, effective at 5:15 a.m., March 11, 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 Listings 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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ALDRIN RESOURCE CORP. ("ALN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 19, 2014:
| Number of Shares: |
4,666,666 flow-through shares 13,636,363 common shares |
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| Purchase Price: |
$0.075 per flow-through share $0.055 per common share |
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| Warrants: |
2,333,333 share purchase warrants to purchase 2,333,333 common shares at $0.14 per share for a two year period (flow-through offering) 6,818,182 share purchase warrants to purchase 6,818,182 common shares at $0.010 per share for a two year period (unit offering) |
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| - The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at $0.18 or greater for a period of 20 consecutive trading days. |
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| Number of Placees: | 25 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P |
# of Shares |
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| Kowal Brothers Farms Inc. (Graydon Kowal) Cyrus Driver Aggregate Pro Group Involvement [ 6 placees] |
Y Y P P |
909,091 nf/t 227,273 nf/t 400,001 f/t 1,546,545 nf/t |
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| Finders' Fees: | Jones Gable & Company Limited - $8,000.00 and 106,667 warrants that are exercisable into common shares at $0.14 per share for a two year period. |
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| Jordan Capital Markets Inc. - $2,000.00 and 36,364 warrants that are exercisable into common shares at $0.10 per share for a two year period. |
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| MGI Securities - $72,999.99 and 963,636 warrants that are exercisable into common shares at $0.10 per share for a two year period and 266,667 warrants that are exercisable into common shares at $0.14 per share for a two year 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.
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ALIX RESOURCES CORP. ("AIX")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 440,000 bonus shares at a deemed price of $0.05 per share in consideration of a loan in the principal amount of $120,000.00. The loan bears interest at a rate of 10% per annum and matures September 30, 2014.
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BSM TECHNOLOGIES INC. ("GPS")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Effective January 31, 2014, the Company's Prospectus dated January 31, 2014 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Ontario Securities Commissions on January 31, 2014. The prospectus has also been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Alberta and Manitoba. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange has been advised that closing occurred on February 6, 2014, for gross proceeds of $22,000,002.
| Underwriters: |
Clarus Securities Inc. Paradigm Capital Inc. Canaccord Genuity Corp. Cormark Securities Inc. TD Securities Inc. |
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| Offering: | 7,333,334 Shares | |||||
| Share Price: | $3.00 per share | |||||
| Underwriters' Commission: | A cash commission equal to 5.0% of the gross proceeds raised to be paid to the Underwriters. |
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DUNCASTLE GOLD CORP. ("DUN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing an Option Agreement dated February 27, 2014 between Duncastle Gold Corp. (the "Company") and NWT Copper Mines Ltd., whereby the Company has the option to acquire a 100% interest in five mineral claims adjoining the Company's Black Lake-Drayton project located 10 kilometres south of Sioux Lookout and 70 kilometres east of Dryden in Northwestern Ontario (the "Property"). Total consideration consists of $50,000, the issuance of 1,250,000 shares (250,000 shares in the first year) of the Company and exploration expenditures of $1,250,000 ($50,000 in the first year) over a six year period. The Property is subject to a 3% NSR of which the Company may re-purchase 1% for $1,000,000.
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EAGLE HILL EXPLORATION CORPORATION ("EAG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 576,923 shares to settle outstanding debt for $75,000.
The Company shall issue a news release when the shares are issued and the debt extinguished.
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ELISSA RESOURCES LTD. ("ELI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing a letter agreement dated February 24, 2014 between the Company and BHB Partners, whereby the Company is to acquire a 100% interest in certain mining claims located in South Dakota, USA. Total consideration consists of $170,000 ($65,000 in the first year) and the issuance of 800,000 common shares of the Company (300,000 shares in the first year). The property is subject to a 2.5% NSR with a 2% buyback provision for US$1,000,000.
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FISSION URANIUM CORP. ("FCU")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, March 11, 2014, shares of the Company resumed trading, an announcement having been made.
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GENTOR RESOURCES INC. ("GNT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 31, 2014:
| Number of Shares: | 2,000,000 shares | |||||
| Purchase Price: | $0.075 per share | |||||
| Warrants: | 1,000,000 share purchase warrants attached to purchase 1,000,000 shares | |||||
| Warrant Exercise Price: | $0.10 for a two year period | |||||
| Number of Placees: | 1 placee |
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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GOLDSTAR MINERALS INC. ("GDM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a mineral option and sale agreement dated December 17, 2013 (the "Agreement") between the Company and Charles Morrissy (the "Vendor"). Pursuant to the terms of the Agreement, the Company may acquire an interest of up to 100% in a tungsten property composed of 46 mineral claims located west of Fredericton, New-Brunswick (the "Property").
To acquire the first 90% interest in the Property, the Company will make cash payments to the Vendor totaling $650,000 and issue 100,000 shares of the Company at closing. The cash payments are composed of an amount of $25,000 at closing and five annual tranches of $125,000 thereafter. Each $125,000 tranche includes an amount of $25,000 of non-refundable advances on the consideration payable for the additional 5% interest mentioned below.
To acquire an additional 5% interest in the Property, the Company will make a cash payment of $1,000,000 less each $25,000 non-refundable advances paid for the first 90% interest mentioned above.
To acquire the final 5% interest in the Property, the Company will make a cash payment of $2,000,000.
The Company will issue a total of 100,000 shares, including 29,230 shares at closing and 79,770 shares to be issued after the first $125,000 cash payment on the Property, to a finder as part of this transaction.
Please refer to the Company's news release dated February 18, 2014 for further details.
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IMPERIAL EQUITIES INC. ("IEI")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
The Issuer has declared the following dividend(s):
| Dividend per Class A Common Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.025 March 31, 2014 March 17, 2014 March 13, 2014 |
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KHAYYAM MINERALS LTD. ("KYY.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated March 10, 2014, effective at 5:25 a.m. March 11, 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 Listings 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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NORTHFIELD CAPITAL CORPORATION ("NFD.A")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated March 7, 2014, it may repurchase for cancellation, up to 132,110 Class A restricted voting shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period March 14, 2014 to March 13, 2015. Purchases pursuant to the bid will be made by Jones Gable & Company Limited on behalf of the Company.
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NORTHWEST INTERNATIONAL HEALTHCARE PROPERTIES REIT ("MOB.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
| Distribution per Trust Unit: Payable Date: Record Date: Ex-Distribution Date: |
$0.018333 April 15, 2014 March 31, 2014 March 27, 2014 |
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RED HUT METALS INC. ("ROB")
BULLETIN TYPE: Halt
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Effective at 11:33 a.m., PST, March 11, 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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SILVERMET INC. ("SYI")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated March 10, 2014, it may repurchase for cancellation up to 10,604,888 common shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange, Alpha and Chi-X ATS during the period March 15, 2014 to March 14, 2015. Purchases pursuant to the bid will be made by D & D Securities Inc. on behalf of the Company.
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SPRUCE RIDGE RESOURCES LTD. ("SHL")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,250,000 shares to settle outstanding debt for $75,000.
| Number of Creditors: | 1 Creditor |
For further information, please refer to the Company's news release dated March 7, 2014.
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STRATTON CAPITAL CORP. ("SNK.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 10, 2014, effective at the open, Wednesday, March 12, 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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STROUD RESOURCES LTD. ("SDR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 25, 2014, effective at the opening on Wednesday, March 12, 2014, trading in the shares of the Company will resume as the Company has now met the Exchange requirement of having a minimum of three directors per Policy 3.1. Please refer to the Company's press release dated March 10, 2014 for further information.
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TERRAX MINERALS INC. ("TXR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, March 11, 2014, shares of the Company resumed trading, an announcement having been made.
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TRANSATLANTIC MINING CORP. ("TCO")
BULLETIN TYPE: Halt
BULLETIN DATE: March 11, 2014
TSX Venture Tier 2 Company
Effective at 8:56 a.m., PST, March 11, 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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NEX COMPANY:
GREENOCK RESOURCES INC. ("GKR.H")
BULLETIN TYPE: Consolidation
BULLETIN DATE: March 11, 2014
NEX Company
Pursuant to a special resolution passed by shareholders December 11, 2013, the Company has consolidated its capital on a (thirty) 30 old for (one) 1 new basis. The name of the Company has not been changed.
Effective at the opening, Wednesday, March 12, 2014, the common shares of Greenock Resources Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Base Metal' company.
| Post - Consolidation Capitalization: Escrow: |
Unlimited 1,271,317 nil |
shares with no par value of which shares are issued and outstanding shares |
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| Transfer Agent: | Capital Transfer Agency Inc. | |||||||||
| Trading Symbol: CUSIP Number: |
GKR.H 39539N206 |
(UNCHANGED) (new) |
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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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