VANCOUVER, April 23, 2014 /CNW/ -
TSX VENTURE COMPANIES:
ABITIBI ROYALTIES INC. ("RZZ")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at 8:48 a.m., PST, April 23, 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.
________________________________________
ABITIBI ROYALTIES INC. ("RZZ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at 12:15 p.m., PST, April 23, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. ("ACL.H")
[formerly Anthony Clark International Insurance Brokers Ltd. ("ACL")]
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Letter of Intent ("LOI") between the Company and Canada Brokerlink Inc. ("Brokerlink"), an arm's length party, pursuant to which Brokerlink will acquire all of the shares held by the Company in the capital of Anthony Clark Insurance Brokers Ltd. (ACI) for approximately $13,000,000, subject to applicable adjustments.
Upon closing of this transaction, the Company will have disposed of all or substantially all its assets.
Insider / Pro Group Participation: None
For further information please refer to the Company's press release dated March 13, 2014 and April 8, 2014.
In accordance with TSX Venture Policy 2.5, upon closing of the above transaction the Company will not maintain the requirements for a TSX Venture Tier 2 company. Therefore, effective Friday, May 2, 2014, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX.
As of Friday, May 2, 2014, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from ACL to ACL.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
The Company is classified as a 'General Insurance Brokerage' company.
________________________________________
BLACK SPARROW CAPITAL CORP. ("BLC.H")
[formerly Black Sparrow Capital Corp. ("BLC.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
In accordance with TSX Venture Exchange Policy 2.4, Capital Pool Companies, the Company had not completed a qualifying transaction within the prescribed time frame. Therefore, effective Thursday, April 24, 2014, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX.
As of April 24, 2014, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from BLC.P to BLC.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture bulletin dated December 23, 2013, trading in the shares of the Company will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
_______________________________________________
CASTLE MOUNTAIN MINING COMPANY LIMITED ("CMM")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: April 23, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
| # of Warrants: |
1,420,000 |
| Original Expiry Date of Warrants |
May 1, 2014 |
| New Expiry Date of Warrants: |
May 28, 2014 |
| Exercise Price of Warrants: |
$1.00 |
These warrants were issued pursuant to a private placement of 2,840,000 common shares and 1,420,000 share purchase warrants attached. The private placement occurred prior to the company's qualifying transaction which was accepted for filing by the Exchange effective May 13, 2013.
________________________________________
DISCOVERY HARBOUR RESOURCES CORP. ("DHR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 7, 2014:
| Number of Shares: |
8,100,000 shares |
|
| Purchase Price: |
$0.10 per share |
|
| Warrants: |
4,050,000 share purchase warrants to purchase 4,050,000 shares |
|
| Warrant Exercise Price: |
$0.10 for a three year period. If the volume weighted average trading price is at $0.30 or higher for 20 consecutive trading days at any time after four months and one day after 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: |
1 placee |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Richard Gilliam |
Y |
8,100,000 |
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.
________________________________________
EAGLE HILL EXPLORATION CORPORATION ("EAG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 28, 2014:
| Number of Shares: |
7,518,797 flow-through shares |
| Purchase Price: |
$0.133 per flow-through share |
| Warrants: |
7,518,797 share purchase warrants to purchase 7,518,797 shares |
| Warrant Exercise Price: |
$0.10 for a two year period |
| Number of Placees: |
3 placees |
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.
________________________________________
GALWAY METALS INC. ("GWM")
BULLETIN TYPE: Private Placement- Non-Brokered
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced March 31, 2014:
| Number of Shares: |
6,600,000 common shares |
||
| Purchase Price: |
$0.10 per share |
||
| Warrants: |
3,300,000 share purchase warrants attached to purchase 3,300,000 shares |
||
| Warrant Exercise Price: |
$0.15 for a three year period |
||
| Number of Placees: |
5 placees |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| Robert Hinchliffe |
Y |
4,150,000 |
|
| Joseph Cartafalsa |
Y |
250,000 |
|
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.
________________________________________
GOLDEN VALLEY MINES LTD. ("GZZ")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at 8:48 a.m., PST, April 23, 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.
_________________________________________
GOLDEN VALLEY MINES LTD. ("GZZ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at 12:15 p.m., PST, April 23, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
GREENFLAG VENTURES INC. ("GFV")
[formerly Driven Capital Corp. ("DVV")]
BULLETIN TYPE: Name Change and Consolidation, Resume Trading
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders on May 31, 2013, the Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the Company has also been changed as follows.
Effective at the opening, Thursday, April 24, 2014, the common shares of Greenflag Ventures Inc. will commence trading on TSX Venture Exchange, and the common shares of Driven Capital Corp. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 3,890,294 |
shares are issued and outstanding |
|
| Escrow: |
Nil |
shares |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
GFV |
(new) |
| CUSIP Number: |
39525W103 |
(new) |
Further to TSX Venture Bulletin dated March 3, 2014, effective at the opening, Thursday, April 24, 2014, shares of the Company will resume trading, an announcement having been made on March 31, 2014 regarding the cancellation of a reverse takeover and private placement.
________________________________________
KEEK INC. ("KEK")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2014
TSX Venture Tier 1 Company
Effective at 9:40 a.m., PST, April 23, 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.
________________________________________
KEEK INC. ("KEK")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2014
TSX Venture Tier 1 Company
Effective at 12:30 p.m., PST, April 23, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
LAKESIDE MINERALS INC. ("LAK")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at 8:00 a.m., PST, April 23, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
LATERAL CAPITAL CORP. ("LCP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
(This is a first tranche closing)
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 28, 2014:
| Number of Shares: |
1,308,333 common shares |
| Purchase Price: |
$0.18 per share |
| Warrants: |
1,308,333 share purchase warrants to purchase 1,308,333 common shares |
| Warrant Exercise Price: |
$0.18 for a five year period |
| Number of Placees: |
6 placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release on April 16, 2014 announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
________________________________________
MARLIN GOLD MINING LTD. ("MLN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 15, 2014:
| Number of Shares: |
50,000,000 shares |
||||
| Purchase Price: |
$0.10 per share |
||||
| Number of Placees: |
2 placees |
||||
| Insider / Pro Group Participation: |
|||||
| Insider=Y / |
|||||
| Name |
ProGroup=P |
# of Shares |
|||
| Wexford Catalyst Trading Limited |
Y |
10,000,000 |
|||
| Wexford Spectrum Trading Limited |
Y |
40,000,000 |
|||
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.
________________________________________
PEAT RESOURCES LIMITED ("PET")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's documentation pertaining to a loan agreement (the "Agreement") between Peat Resources Limited (the "Company") and an arm's length party (the "Lender"). The Lender has provided a $250,000 loan which has a one year maturity and bears an interest rate of 12% per annum.
Additionally, the Company shall pay $22,500 plus issue 500,000 broker's warrants (each exercisable into one common share at a price of $0.05 for a two year period) to an arm's length agent in connection with the loan.
For more information, refer to the Company's news release dated April 17, 2014.
________________________________________
RED EAGLE MINING CORPORATION ("RD")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: April 23, 2014
TSX Venture Tier 1 Company
Effective April 7, 2014, the Company's Short Form Prospectus (the 'Prospectus') dated April 4, 2014, was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia and Ontario Securities Commissions, pursuant to the provisions of the British Columbia and Ontario Securities Acts.
The Prospectus was filed under Multilateral Instrument 11-102 Passport System in Alberta. A receipt for the Prospectus is deemed to be issued by the regulator in this jurisdiction, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange has been advised that closing of the prospectus offering (the 'Offering') occurred on April 9, 2014, for gross proceeds of $4,000,000.
Please refer to the news releases issued by the Company on March 17, 2014 and April 9, 2014.
| Underwriters: |
Haywood Securities Inc., National Bank Financial Inc., and PI Financial Corp. |
| Offering: |
12,121,212 shares |
| Share Price: |
$0.33 per share |
| Underwriters' Fee: |
The Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering. |
________________________________________
REDZONE RESOURCES LTD. ("REZ")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at the opening, Monday, April 28, 2014, the common shares of the Company will commence trading on TSX Venture Exchange. The Company is classified as a "Mineral Exploration and Development" company.
The Company will be delisted from trading on the Toronto Stock Exchange effective at the close of business on Friday, April 25, 2014.
| Corporate Jurisdiction: |
British Columbia |
|
| Capitalization: |
Unlimited |
common shares with no par value of which |
| 50,651,470 |
common shares are issued and outstanding |
|
| Escrowed Shares: |
Nil |
common shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
REZ |
|
| CUSIP Number: |
758107106 |
|
| Company Contact: |
Kevin Hisko |
|
| Company Address: |
2600 – 1066 W. Hastings Street, Vancouver, |
|
| BC, V6E 3X1 |
||
| Company Phone Number: |
604-646-3322 |
|
| Company Fax Number: |
604-387-7099 |
|
| Company Email Address: |
||
_______________________________________
SEAWAY ENERGY SERVICES INC. ("SEW")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated April 17, 2014, effective at 9:57 a.m., April 23, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding a Change of Business and/or Reverse Take-Over pursuant to TSXV Listings 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.
________________________________________
SUPERIOR COPPER CORPORATION ("SPC")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at 8:17 a.m., PST, April 23, 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.
________________________________________
SUPERIOR COPPER CORPORATION ("SPC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Effective at 9:30 a.m., PST, April 23, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
TILL CAPITAL LTD. ("TIL")
BULLETIN TYPE: New Listing-Shares, Change of Business
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing, Till Capital Ltd.'s ("Till" or the "Company") Change of Business, which includes the acceptance of the following transactions:
Americas Bullion Royalty Corp. ("AMB") (TSX listed Symbol: AMB) has entered into an arrangement agreement (the "Arrangement Agreement") with Till (formerly Resource Holdings Ltd.), dated February 18, 2014, as amended by amending agreement dated March 25, 2014 in respect of a court-approved plan of arrangement (the "Arrangement") pursuant to which AMB underwent a change of business directed toward the reinsurance business with a unique investment strategy focused on royalties and equity securities in the resource sector. Under the terms of the Arrangement Agreement, Till acquired all of the issued and outstanding shares of AMB and shareholders of AMB (the "AMB Shareholders") received 0.01 of a share of Till in exchange for (the "Share Exchange") each AMB share held. The Share Exchange resulted in Till issuing 1,806,789 shares of Till to the current AMB Shareholders. Also pursuant to the Arrangement, Till purchased an investment portfolio (the "Kudu Portfolio") with a market value of approximately CAN$17.15 million from Kudu Partners, L.P. ("Kudu"), a private hedge fund operating in the U.S. Till issued 1,805,895 shares of Till to Kudu as consideration for the purchase of the Portfolio. Immediately following completion of the Arrangement, Kudu will distribute all of the shares of Till it receives to its limited partners and dissolve. The Arrangement results in Till operating as a reinsurance company while controlling, directly and indirectly, the same assets as AMB currently holds.
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares or Warrants |
| William Sheriff |
Y |
79,816 Shares |
| William Harris |
Y |
1,150 Shares |
| Wayne Kauth |
Y |
132,922 Shares |
| Barry Rayment |
Y |
1,567 Shares |
| Thomas Skimming |
Y |
2,700 Shares |
| Timothy P. Leybold |
Y |
400 Shares |
| Joseph Taussig |
Y |
5,500 Warrants |
As a result of the completion of the Arrangement, effective at the opening on Thursday, April 24, 2014, the Restricted Voting Shares of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Investment' company.
The common shares of AMB will be delisted from the Toronto Stock Exchange at the close of business on April 23, 2014.
| Corporate Jurisdiction: |
Companies Act 1981 (Bermuda) |
|
| Capitalization: |
12,000,000 |
Restricted Voting Shares with par value of US$0.001 per share of which |
| 3,612,684 |
Restricted Voting Shares are issued and outstanding |
|
| Escrowed Shares or Warrants: |
218,555 |
Restricted Voting Shares and 5,500 Warrants |
| Escrow Term: |
215,270 |
Restricted Voting Shares for 18 months, 3,285 Restricted Voting Shares for 36 months, and 5,500 Warrants for 36 months. |
| Transfer Agent: |
Olympia Trust Company (Vancouver) |
|
| Trading Symbol: |
TIL |
(new) |
| CUSIP Number: |
G8875E 10 7 |
(new) |
| Sponsoring Member: |
Salman Partners Inc. |
|
For further information, please refer to the Company's Listing Application dated April 22, 2014.
| Company Contact: |
Timothy Leybold (CFO) |
| Company Address: |
11521 North Warren Street, Hayden, Idaho, USA, 83835 |
| Company Phone Number: |
(208) 635-5415 |
| Company Fax Number: |
(208) 635-5465 |
| Company Email Address: |
|
________________________________________
TRANSITION METALS CORP. ("XTM")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced March 19, 2014:
| Number of Shares: |
6,894,999 shares |
|
| Purchase Price: |
$0.30 per share |
|
| Warrants: |
6,894,999 share purchase warrants to purchase 6,894,999 shares |
|
| Warrant Exercise Price: |
$0.40 for a two year period |
|
| Number of Placees: |
124 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Brian Montgomery |
Y |
33,333 |
| William Pearson |
Y |
50,000 |
| John Baird |
Y |
20,000 |
| G. Collins Geoscience Inc. |
||
| (Greg Collins) |
Y |
33,333 |
| McLean Exploration management Inc. |
||
| (Scott McLean) |
Y |
40,000 |
| Chris Chadder |
Y |
25,000 |
| Agent's Fee: |
an aggregate of $116,894, plus 394,648 compensation warrants (each exercisable into one common share at a price of $0.30 for a period of two years), payable to Sprott Global Resources Investments, Ltd.; Haywood Securities Inc. and HSB Financial Planning Ltd. |
|
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.
________________________________________
WESTBRIDGE ENERGY CORPORATION ("WEB")
BULLETIN TYPE: Consolidation, Correction
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
Further to the bulletin dated April 17, 2014, the bulletin should have read as follows with regard to the Company's Post-Consolidation Capitalization:
Pursuant to a special resolution passed by directors on January 30, 2014, the Company has consolidated its capital on a four (4) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Monday, April 21, 2014, the common shares of Westbridge Energy Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'Oil & Gas Exploration' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 30,992,934 |
shares are issued and outstanding |
|
| Escrow |
Nil |
shares |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
WEB |
(UNCHANGED) |
| CUSIP Number: |
957155 20 3 |
(new) |
________________________________________
WEST KIRKLAND MINING INC. ("WKM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 23, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing documentation pertaining to an agreement (the 'Agreement'), dated January 24, 2014 among West Kirkland Mining Inc. (the 'Company') and Allied Nevada Gold Corp. ('Allied Gold'). Pursuant to the Agreement, the Company has the right to acquire up to a 100% interest in the Hasbrouck and Three Hills properties (the "Properties'), located in Nevada, USA.
Consideration for the Properties is as follows:
| CASH |
|
| On signing of Agreement |
US$500,000 (paid) |
| On or before April 24, 2014 |
US$19,500,000 |
| On or before October 23, 2016 |
US$10,000,000 |
In terms of the Agreement, cash payments of US$20,000,000 will enable the Company to acquire a 75% interest in the Properties. The additional US$10,000,000 payment (the 'Final Payment') will enable the Company to acquire the remaining 25% interest in the Properties. Under the terms of the Agreement, Allied Gold has the right to decline the Final Payment in which case the Properties will be transferred into a joint venture (the 'Joint Venture') with the Company retaining a 75% interest in the Joint Venture and Allied Gold retaining a 25% interest in the Joint Venture.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated January 27, 2014 and April 17, 2014.
________________________________________
YANGARRA RESOURCES LTD. ("YGR")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2014
TSX Venture Tier 1 Company
Effective at 5:00 a.m., PST, April 23, 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.
________________________________________
YANGARRA RESOURCES LTD. ("YGR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2014
TSX Venture Tier 1 Company
Effective at 6:30 a.m., PST, April 23, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
NEX COMPANIES:
BLACK BULL RESOURCES INC. ("BBS.H")
BULLETIN TYPE: Halt
BULLETIN DATE: April 22, 2014
NEX Company
Effective at 1:18 p.m., PST, April 22, 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.
________________________________________
CCT CAPITAL LTD. ("CCW.H")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2014
NEX Company
Effective at 10:40 a.m., PST, April 23, 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.
________________________________________
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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