VANCOUVER, May 6, 2014 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: May 6, 2014
Re: Policy Amendment – Definition of "Tier 1 Property" in Policy 1.1 – Interpretation
Effective immediately, TSX Venture Exchange ("TSXV" or the "Exchange") is amending the definition of "Tier 1 Property" contained in Policy 1.1 – Interpretation ("Policy 1.1"). No other changes are being made to Policy 1.1 at this time.
Within the context of Exchange policies and practice, the principal purpose of the defined term "Tier 1 Property" is to set out the property-related criteria an Issuer must satisfy in order to qualify for listing as a Tier 1 Mining Issuer on the Exchange. The amended definition is not intended to, and does not, substantively change either the nature of this listing requirement or the standard imposed by this listing requirement. The amended definition clarifies ambiguities and addresses oversights within the previous definition of "Tier 1 Property" and is intended to provide greater interpretative certainty and create consistency and efficiencies in the interpretation and application of the definition by Issuers and the Exchange.
The amendments include the following:
- A guidance note has been added to clarify the Exchange's key considerations in assessing whether an Issuer holds a material interest in a property.
- The requirement under the previous definition that the property has "potentially economic or economic mineralization" has been revised to indicate that the property must have, at a minimum, a current inferred mineral resource (as such term is defined by the Canadian Institute of Mining, Metallurgy and Petroleum in the CIM Definition Standards for Mineral Resources and Mineral Reserves). This has the effect of replacing the undefined and unclear "potentially economic or economic mineralization" standard with a standard that is based upon an established and defined industry term.
- The existing definition failed to properly contemplate or account for properties that are past the exploration stage but for which a feasibility study has not yet been prepared. It essentially required the property to have either a recommended drill program or be at the feasibility stage. This oversight has been corrected.
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 6 mai 2014
Objet : Modification de politique – Définition de « propriété du groupe 1 » dans la Politique 1.1 – Interprétation
La Bourse de croissance TSX (la « Bourse ») procède à la mise en œuvre immédiate des modifications de la définition de « propriété du groupe 1 » figurant à la Politique 1.1 – Interprétation (la « Politique 1.1 »). Aucune autre modification n'est apportée à la Politique 1.1 à l'heure actuelle.
Dans le contexte des politiques et pratiques de la Bourse, le terme « propriété du groupe 1 » renvoie aux critères de participation auxquels doit satisfaire un émetteur pour être admissible à l'inscription à la cote de la Bourse en tant qu'émetteur minier du groupe 1. La définition modifiée ne vise pas à modifier et ne modifie pas de manière substantielle la nature de cette exigence d'inscription ou la norme imposée par cette exigence d'inscription. La définition modifiée élimine les ambiguïtés et rectifie des omissions dans la définition précédente de « propriété du groupe 1 » et vise à fournir une plus grande certitude quant à l'interprétation ainsi qu'à favoriser la cohérence et l'efficience de l'interprétation et de l'application de la définition par les émetteurs et la Bourse.
Les modifications comprennent ce qui suit :
- une note d'orientation a été ajoutée pour clarifier les principales considérations de la Bourse pour évaluer si l'émetteur détient une participation importante dans la propriété;
- l'exigence de la définition précédente portant sur la « minéralisation rentable ou potentiellement rentable » de la propriété a été révisée pour indiquer que la propriété doit receler, au moins, une ressource minérale présumée (suivant la définition des normes sur les définitions des ressources et réserves minérales de l'Institut canadien des mines, de la métallurgie et du pétrole [l'« ICM »]), ce qui a pour effet de remplacer la norme non définie et peu claire de « minéralisation rentable ou potentiellement rentable » par une norme fondée sur un terme établi et défini du secteur;
- la définition existante ne prenait pas correctement en considération les propriétés ayant dépassé le stade de l'exploration, mais pour lesquelles une étude de faisabilité n'avait pas encore été préparée. Elle requerrait essentiellement que la propriété fasse l'objet d'un programme de forage recommandé ou qu'elle soit à l'étape de l'étude de faisabilité. Cette lacune a été rectifiée.
Pour toute question concernant le présent bulletin, veuillez communiquer avec Zafar Khan, conseiller juridique en matière de politiques, au 604 602-6982.
_________________________________
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
A Cease Trade Order has been issued by the Autorité des marchés financiers on May 6, 2014, against the following Company for failing to file the document indicated within the required time period:
| Symbol |
Company |
Failure to File |
Period |
| Ending |
|||
| (Y/M/D) |
|||
| ("FGF") |
Capital DGMC Inc. |
Annual Financial Statements |
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.
TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 6 mai 2014
Société du groupe 2 de TSX Croissance
Une interdiction d'opérations sur valeurs a été émise le 6 mai 2014 par l'Autorité des marchés financiers envers la société suivante pour défaut de déposer le document indiqué dans la période prescrite :
| Symbole |
Société |
Défaut de déposer |
Période se |
| terminant |
|||
| (A/M/J) |
|||
| (« FGF ») |
Capital DGMC Inc. |
États financiers annuels |
13/12/31 |
Suite à l'interdiction d'opérations sur valeurs, la négociation des titres de la société demeurera suspendue jusqu'à ce que la société réponde aux normes de Bourse de croissance TSX. Il est interdit aux membres de transiger les titres de la société durant la période de suspension ou jusqu'à un avis ultérieur.
________________________________________
COLORADO RESOURCES LTD. ("CXO")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an amended Option Agreement dated April 23, 2014 between Sunrise Resources Ltd. and Colorado Resources Ltd. (the "Company"), whereby the terms of the original Option Agreement dated November 15, 2012 have been amended. Under the amended Option Agreement, the Company reduces the work commitments by $1.3 million for the consideration of $75,000 cash payment and 200,000 common shares within 5 business days of Exchange approval and additional 200,000 common shares by September 26, 2014. Please refer to the Company's news release dated April 29, 2014 for more information.
________________________________________
EUROPEAN URANIUM RESOURCES LTD. ("EUU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 6, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a subscription agreement dated November 13, 2013, as amended, (the 'Agreement') pursuant to which European Uranium Resources Ltd. (the 'Company') will acquire 751,744 shares at a deemed price of £1.00 per share in Global Resources Investment Trust plc ('GRIT'), an investment trust registered in England and Wales and listed on the London Stock Exchange's main market, in exchange for 12,500,000 shares of the Company at a price of CDN$0.10 per share.
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| GRIT |
Y |
12,500,000 |
A finder's fee of 36,269 GRIT shares is payable to Finao Advisory Corporation in connection with the Agreement.
For further information please read the Company's news releases dated November 7, 2013 and March 7, 2014.
________________________________________
GOLD BULLION DEVELOPMENT CORP. ("GBB")
BULLETIN TYPE: Halt
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
Effective at 6:50 a.m., PST, May 6, 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.
________________________________________
GOLD BULLION DEVELOPMENT CORP ("GBB")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
Effective at 7:30 a.m., PST, May 6, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
HIGHLAND COPPER COMPANY INC. ("HI")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 6, 2014
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: |
41,250,000 |
| Original Expiry Date of Warrants: |
May 16, 2014 as to 11,995,850 warrants, May 28, 2014 as to |
| 26,478,875 warrants, and May 30, 2014 as to 2,775,275 warrants |
|
| New Expiry Date of Warrants: |
March 31, 2015 |
| Exercise Price of Warrants: |
$0.75 |
These warrants were issued pursuant to a private placement of 206,250,000 shares with 206,250,000 share purchase warrants attached, which was accepted for filing by the Exchange effective May 31, 2012. The Company subsequently consolidated on a 5:1 basis.
________________________________________
IMMUNOVACCINE INC. ("IMV")
BULLETIN TYPE: Halt
BULLETIN DATE: May 6, 2014
TSX Venture Tier 1 Company
Effective at 12:04 p.m. PST, May 6, 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.
________________________________________
KOMET RESOURCES INC. ("KMT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement:
| Number of Shares: |
6,550,218 common shares |
|||
| Purchase Price: |
$0.229 per common share |
|||
| Warrants: |
6,550,218 common share purchase warrants to purchase 6,550,218 common shares |
|||
| Warrant Exercise Price: |
$0.305 per common share during the two years following the closing of the Private Placement, subject to an acceleration clause. |
|||
| Number of Placees: |
31 placees |
|||
| Insider / Pro Group Participation: |
||||
| Insider = Y / |
Number |
|||
| Name |
Pro Group = P |
of shares |
||
| 2846-2059 Québec Inc./ |
||||
| Consult'Art (André Gagné) |
Y |
186,718 |
||
| Marcel Robillard |
Y |
50,000 |
||
| Pierre Labrecque |
Y |
43,500 |
||
| Finder's Fee: |
Canaccord Genuity Corp. received a cash payment of $95,905.20 and 523,500 finder's warrants to purchase 523,500 common shares at $0.305 per share over a period of two years from the closing, subject to an acceleration clause. |
|||
The Company has confirmed that the closing of the Private Placement has occurred on April 29, 2014.
LES RESSOURCES KOMET INC. (« KMT »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 6 mai 2014
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier :
| Nombre d'actions : |
6 550 218 actions ordinaires |
|||
| Prix : |
0,229 $ par action ordinaire |
|||
| Bons de souscriptions : |
6 550 218 bons de souscription permettant l'acquisition de 6 550 218 actions ordinaires |
|||
| Prix d'exercice des bons : |
0,305 $ par action pendant une période de deux ans suivant la clôture du placement privé, sujet à une modalité accélératrice. |
|||
| Nombre de souscripteurs : |
31 souscripteurs |
|||
| Participation Initié / Groupe Pro : |
||||
| Initié = Y / |
Nombre |
|||
| Nom |
Groupe Pro = P |
d'actions |
||
| 2846-2059 Québec Inc./ |
||||
| Consult'Art (André Gagné) |
Y |
186 718 |
||
| Marcel Robillard |
Y |
50 000 |
||
| Pierre Labrecque |
Y |
43 500 |
||
| Honoraires d'intermédiation : |
Cannaccord Genuity Corp. a reçu 95 905,20 $ en espèces et 523 500 bons de souscription permettant d'acquérir 523 500 actions ordinaires au prix de 0,305 $ l'action pendant une période de deux ans suivant la clôture du placement privé, sujet à une modalité accélératrice. |
|||
La société a confirmé que la clôture du placement privé a eu lieu le 29 avril 2014.
_______________________________________
MCW ENERGY GROUP LIMITED ("MCW")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 9, 2014:
| Convertible Debenture: |
US$824,000 |
||||
| Conversion Price: |
Convertible into common shares at $0.90 |
||||
| Maturity date: |
March 7, 2017 |
||||
| Interest rate: |
10% per annum |
||||
| Number of Placees: |
1 placee |
||||
| Insider / Pro Group Participation: |
|||||
| Insider=Y / |
|||||
| Name |
ProGroup=P |
# of Shares |
|||
| Aleksandr Blyumkin |
Y |
up to 998,230 |
|||
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).
________________________________________
METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposed issuance of 93,750 shares at a deemed price of $0.08 per share, in consideration of certain services provided to the Company for the quarter ending April 30, 2014, pursuant to an Amended Deferred Share Unit Plan for Glenn Nolan dated February 15, 2005 and effective May 1, 2004.
The Company shall issue a news release when the shares are issued.
________________________________________
METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposed issuance of 93,750 shares at a deemed price of $0.08 per share, in consideration of certain services provided to the Company for the quarter ending April 30, 2014, pursuant to an Amended Deferred Share Unit Plan for Lorie Waisberg dated February 15, 2005 and effective May 1, 2004.
The Company shall issue a news release when the shares are issued.
________________________________________
MOVARIE CAPITAL LTD. ("MOV.P")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated April 9, 2014, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission dated April 9, 2014 has been revoked and the Temporary Order issued by the Ontario Securities Commission dated April 14, 2014 has expired.
Effective at the opening, Wednesday, May 7, 2014, trading will be reinstated in the securities of the Company (CUSIP 62458V 10 8).
_______________________________________
PEAT RESOURCES LIMITED ("PET")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,000,000 shares to settle outstanding debt for $100,000.
| Number of Creditors: |
2 Creditors |
|||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Peter Telford |
Y |
$73,492.65 |
$0.05 |
1,469,853 |
| Patricia Mannard |
Y |
$26,507.35 |
$0.05 |
530,147 |
For further information, please refer to the Company's news releases dated March 21, 2014.
________________________________________
PETROLIA INC. ("PEA")
BULLETIN TYPE: Private Placement- Brokered
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Brokered Private Placement announced on April 3, 2014:
| Number of Shares: |
4,000,000 common shares |
|
| Purchase Price: |
$0.75 per common share |
|
| Number of Placees: |
17 placees |
|
| Insider / Pro Group Participation: |
||
| Insider = Y / |
Number |
|
| Name |
Pro Group = P |
of shares |
| Myron Tétreault |
Y |
160,000 |
| Charles Boulanger |
Y |
120,000 |
| Karl McLellan |
Y |
26,667 |
| Alexandre Gagnon |
Y |
26,667 |
| Agent's Commission: |
A total of $210,000 has been paid in cash to Laurentian Bank Securities Inc. and National Bank Financial Inc. |
|
The Company has confirmed the closing of the above-mentioned Private Placement via the issuance of a press release dated April 23, 2014.
PÉTROLIA INC. (« PEA »)
TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier
DATE DU BULLETIN : Le 6 mai 2014
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé par l'entremise d'un courtier, tel qu'annoncé le 3 avril 2014 :
| Nombre d'actions : |
4 000 000 d'actions ordinaires |
|
| Prix : |
0,75 $ par action ordinaire |
|
| Nombre de souscripteurs : |
17 souscripteurs |
|
| Participation Initié / Groupe Pro : |
||
| Initié = Y / |
Nombre |
|
| Nom |
Groupe Pro = P |
d'actions |
| Myron Tétreault |
Y |
160 000 |
| Charles Boulanger |
Y |
120 000 |
| Karl McLellan |
Y |
26 667 |
| Alexandre Gagnon |
Y |
26 667 |
| Commission d'agent : |
Un total de 210 000 $ a été versé en espèces à Valeurs Mobilières Banque Laurentienne inc. et à la Financière Banque Nationale Inc. |
|
La société a confirmé la clôture du placement privé mentionné ci-dessus par voie de l'émission d'un communiqué de presse daté du 23 avril 2014.
______________________________________
RAINMAKER RESOURCES LTD. ("RMG")
[formerly Rainmaker Mining Corp. ("RMG")]
BULLETIN TYPE: Name Change
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
Pursuant to a directors' resolution passed April 28, 2014, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Thursday, May 8, 2014, the common shares of Rainmaker Resources Ltd. will commence trading on TSX Venture Exchange, and the common shares of Rainmaker Mining Corp. will be delisted. The Company is classified as a 'Mineral Exploration'' company.
| Capitalization: |
Unlimited |
shares with no par value of which |
| 25,538,866 |
shares are issued and outstanding |
|
| Escrow: |
Nil |
shares |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
RMG |
(UNCHANGED) |
| CUSIP Number: |
75088B102 |
(new) |
________________________________________
SALAZAR RESOURCES LIMITED ("SRL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 6, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced March 26, 2014:
| Number of Shares: |
5,102,443 shares |
|||
| Purchase Price: |
$0.22 per share |
|||
| Warrants: |
2,551,221 share purchase warrants to purchase 2,551,221 shares |
|||
| Warrant Exercise Price: |
$0.35 for an 18 month period |
|||
| Number of Placees: |
21 placees |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
||||
| Name |
ProGroup=P |
# of Shares |
||
| Fredy Salazar |
Y |
1,136,400 |
||
| Pablo Acosta |
Y |
120,570 |
||
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.]
________________________________________
TITAN MEDICAL INC. ("TMD") ("TMD.WT.E")
BULLETIN TYPE: New Listing-Warrants
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
Effective at the opening, Wednesday, May 7, 2014, the warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Medical Devices Manufacturing' company.
| Corporate Jurisdiction: |
Ontario |
|
| Capitalization: |
12,203,189 |
Warrants with no par value of which |
| 12,203,189 |
are issued and outstanding |
|
| Transfer Agent: |
Olympia Transfer Services Inc. |
|
| Trading Symbol: |
TMD.WT.E |
|
| CUSIP Number: |
88830X199 |
|
The Warrants were issued pursuant to a Prospectus Offering of 12,203,189 Units (10,611,469 Units plus over-allotment option for an additional 1,591,720 units) at $2.10 per Unit with 12,203,189 Warrants. Each Warrant entitles the holder to purchase one common share at a price of $2.75 per common share and will expire on Sunday, April 23, 2017.
An additional 699,190 Broker Warrants were issued pursuant to the Company's Prospectus Offering (accepted by the Exchange May 5, 2014). As of the date hereof, zero (0) Broker Warrants have been exercised. Up to an additional 699,190 Warrants could be added to the current Warrants issued and outstanding in the event the Agent from the Company's Prospectus Offering exercises its Broker Warrants. See below for information regarding the Broker Warrants from the Prospectus Offering.
| Agent's Fee: |
Excluding the sale of Units issued to subscribers identified by the company via a 'President's List' (for up to 5% of the gross proceeds raised through the sale of Units), the Agent shall receive a fee equal to 6% of the proceeds from Units sold pursuant to the agency agreement between the Company and the Agent. Proceeds raised through the sale of Units to subscribers on the President's List are subject to a commission of 3%. In addition the Company will issue to the Agent compensation warrants ("Broker Warrants") to purchase such number of Units equal to 6% (699,190 Units) of the number of Units sold (but excluding those Units issued to subscribers on the President's List). Each Broker Warrant is exercisable into one common share and one Warrant at a price of $2.10 for a period of two years following closing of the Offering. Each subsequent Warrant issued on exercise of the Broker Warrant is exercisable into one common share at a price of $2.75 for a period of three years following closing of the Offering. |
________________________________________
TUSCANY ENERGY LTD. ("TUS")
BULLETIN TYPE: Stock Split, Amendment
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated May 5, 2014 the Exchange has accepted an amendment with respect to a Stock Split announced May 2, 2014 as follows:
Pursuant to a Special Resolution passed by shareholders on April 30, 2014, the Company's common shares will be split on a one (1) old for two (2) new basis.
The common shares of the Company will commence trading on a split basis at the opening, Thursday,
May 8, 2014. The Company is classified as an 'Oil & Gas Exploration/Development' company.
| Post - Split |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 38,662,990 |
shares are issued and outstanding |
|
| Escrowed Shares: |
Nil |
Escrowed Shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
TUS |
(UNCHANGED) |
| CUSIP Number: |
90068U103 |
(UNCHANGED) |
Common shareholders of record at the close of business May 2, 2014 will be mailed additional certificates. The new certificates will be mailed on or about May 7, 2014. The push-out method will be used to effect the split.
Due Bill Trading:
The common shares will commence trading on a "due bills" basis on the Exchange effective from the opening on May 2, 2014 to and including the Payment date of May 7, 2014. "Due bills" representing the entitlement to the stock dividend will trade during the "due bill" period. Accordingly, ex-distribution trading in the Company's shares will commence on the Exchange on Thursday, May 8, 2014.
________________________________________
ZENN MOTOR COMPANY INC. ("ZNN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an Offer to Purchase agreement (the "Agreement") dated March 12, 2014 between eleven arm's length parties (collectively, the "Vendors") and ZENN Capital Inc. (the "Subco"), a wholly owned subsidiary of ZENN Motor Company Inc. (the "Company"). Pursuant to the Agreement, the Subco shall acquire 59,739 shares of common stock and 18,099 common share purchase warrants of EEStor, Inc.
In consideration the Company shall issue 896,085 common shares and 271,485 share purchase warrants (exercisable into common shares at an exercise price of either US$2.012 or US$10.10 with expiry dates between February 23, 2015 and June 4, 2016).
For more information, refer to the Company's news releases dated February 18, 2014.
________________________________________
NEX COMPANY:
RHYS RESOURCES LIMITED ("RYS.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 6, 2014
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 24, 2014:
| Number of Shares: |
1,100,000 shares |
||||
| Purchase Price: |
$0.05 per share |
||||
| Warrants: |
1,100,000 share purchase warrants to purchase 1,100,000 shares |
||||
| Warrant Exercise Price: |
$0.05 for a one year period |
||||
| Number of Placees: |
5 placees |
||||
| Insider / Pro Group Participation: |
|||||
| Insider=Y / |
|||||
| Name |
ProGroup=P |
# of Shares |
|||
| Pro Group Participation |
P |
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.
________________________________________
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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