TSX Venture Exchange Daily Bulletins
Jul 09, 2014, 17:47 ET
VANCOUVER, July 9, 2014 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: July 8, 2014
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on July 8, 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) | ||||
| AMH |
2 |
Amanta Resources Ltd. |
Comparative Financial Statement |
14/02/28 |
| Form 51-102F1 Management's |
||||
| Discussion and Analysis |
14/02/28 |
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.
________________________________________
ALBA MINERALS LTD. ("AA")
[formerly Acrex Ventures Ltd. ("AKV")
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors June 20, 2014, the Company has consolidated its capital on a (five) 5 old for (one) 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening on Thursday, July 10, 2014, the common shares of Alba Minerals Ltd. will commence trading on TSX Venture Exchange and the common shares of Acrex Ventures Ltd. will be delisted. The Company is classified as a 'Natural Resource Exploration' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 8,152,089 |
shares are issued and outstanding |
|
| Escrow: |
Nil |
shares |
| Transfer Agent: |
Valiant Trust Company |
|
| Trading Symbol: |
AA |
(new) |
| CUSIP Number: |
012027108 |
(new) |
________________________________________
ASHBURTON VENTURES INC. ("ABR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 9, 2014:
| Number of Shares: |
600,000 flow-through shares |
||
| Purchase Price: |
$0.06 per flow-through share |
||
| Warrants: |
600,000 share purchase warrants to purchase 600,000 shares |
||
| Warrant Exercise Price: |
$0.08 for a one year period |
||
| Number of Placees: |
2 placees |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name | ProGroup=P |
# of Shares |
|
| Aggregate Pro Group Involvement |
P |
100,000 |
|
| [1 placee] |
|||
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.
________________________________________
CACHE EXPLORATION INC. ("CAY")
BULLETIN TYPE: Consolidation
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders on March 31, 2014, the Company has consolidated its capital on a (10) ten old for (1) one new basis. The name of the Company has not been changed.
Effective at the opening on Thursday, July 10, 2014, the common shares of Cache Exploration Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration / Development' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 2,447,022 |
shares are issued and outstanding |
|
| Escrow |
Nil |
shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
CAY |
(UNCHANGED) |
| CUSIP Number: |
12715T206 |
(new) |
________________________________________
CASSIUS VENTURES LTD. ("CZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 13, 2014:
| Number of Shares: |
700,000 shares |
||
| Purchase Price: |
$0.05 per share |
||
| Number of Placees: |
1 placee |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / | |||
| Name | ProGroup=P | # of Shares | |
| 348890 B.C. Ltd. (Scott LaPrairie) |
Y |
700,000 |
|
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.
________________________________________
CRICKET MEDIA GROUP LTD. ("CKT") ("CKT.DB")
[formerly ePals Corporation ("CKT") ("CKT.DB")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: July 9, 2014
TSX Venture Tier 1 Company
Pursuant to a resolution passed by shareholders June 24, 2014, the Company has consolidated its capital on the basis of twenty five (25) existing common shares for one (1) new common share. The name of the Company has also been changed as follows.
Effective at the opening on Thursday, July 10, 2014, the common shares of Cricket Media Group Ltd. will commence trading on TSX Venture Exchange, and the common shares of ePals Corporation will be delisted. The Company is classified as an 'Internet Publisher' company.
| Post - Consolidation |
|||
| Capitalization: |
Unlimited |
shares with no par value of which |
|
| 4,838,685 |
shares are issued and outstanding |
||
| Escrow: |
0 |
shares |
|
| Transfer Agent: |
Olympia Transfer Services Inc. |
||
| Trading Symbol: |
CKT |
(UNCHANGED) | |
| CUSIP Number: |
226568103 |
voting common shares |
(NEW) |
| Trading Symbol: |
CKT.DB |
(UNCHANGED) | |
| CUSIP Number: |
226568AA1 |
convertible debenture |
(NEW) |
| All other information remains the same. |
|||
________________________________________
EPALS CORPORATION ('CKT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: July 9, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 47,370,400 restricted voting common shares at a deemed value of CDN$0.05 per share to settle outstanding debt for CDN$2,368,520.
| Number of Creditors: |
1 Creditor |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / | Amount | Deemed Price | ||
| Creditor | Progroup=P | Owing | per Share | # of Shares |
| ZG Ventures, LLC |
Y |
$2,368,520 |
$0.05 |
47,370,400 |
For further details, please refer to the Company's news release dated July 3, 2014.
________________________________________
GOLD RESERVE INC. ("GRZ")
BULLETIN TYPE: Convertible Debenture/s, Amendment
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the amendment of the following convertible debenture/s:
| Convertible Debentures |
US$25,308,000 |
||
| Original Conversion Price: |
US$4.00 |
||
| Amended Conversion Price: |
US$3.50 |
||
| Original Maturity Date: |
June 14, 2014 |
||
| Amended Maturity Date: |
December 31, 2015 |
||
| Original Interest Rate: |
5.5% |
||
| Amended Interest Rate: |
11% |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / | |||
| Name | ProGroup=P | Value of Debentures | |
| Steelhead Navigator Master, L.P. c/o Steelhead Partners LLC |
Y |
US$16,236,000 |
|
| GCP Europe Sarl |
Y |
US$1,071,000 |
|
| GCOF Europe Sarl |
Y |
US$1,879,000 |
|
The convertible debentures were previously amended, and such amendments were accepted for filing by the Exchange effective August 7, 2012.
For further information, please refer to the Company's press release dated May 7, 2014.
________________________________________
GORDON CREEK ENERGY INC. ("GDN.DB")
BULLETIN TYPE: New Listing-Debentures
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
Effective at the opening, Thursday, July 10, 2014, the Gas Linked Participating Debentures of the Company will re-commence trading on TSX Venture Exchange. The Company is classified as a 'Conventional Oil and Gas Extraction' company. The Gas Linked Participating Debentures of the Company will not trade on an accrued interest basis.
| Corporate Jurisdiction: |
Canada Business Corporation Act |
| Capitalization: |
$10,000,000 Debentures are issued and outstanding |
| Transfer Agent: |
Computershare Trust Company of Canada |
| Trading Symbol: |
GDN.DB |
| CUSIP Number: |
382735AA6 |
| Details of the Debentures: | |
| Terms: |
The Debentures are due October 31, 2014. |
| Redemption: |
The Debentures may be redeemed, at the option of the company, in whole or in part, upon not less than 15 days prior written notice to the debentureholders. |
| Interest: |
The Debenture will bear interest at a base rate of 15% per annum. The interest rate has quarterly rate adjustments whereby the interest rate payable will be increased by 1% for each $0.50 increase in the average price of natural gas (Henry Hub) above $5.00, subject to a maximum of 25%. Interest is calculated daily and paid quarterly in arrears within 10 business days following the Company's fiscal quarters ended April 30, July 31, October 31 and January 31 of each year commencing January 31, 2011. |
| 50% of the interest due each quarter will be paid in cash and 50% will be paid in shares at a deemed price of the greater of (i) a 10% discount to the volume weighted average trading price of the Company's shares on the TSX Venture Exchange over the quarter immediately preceding the quarterly interest payment date; and (ii) the Discounted Market Price of the Company's shares on the Interest Calculation Date. |
|
| Clearing and Settlement: |
The Debentures will clear and settle through CDS and DTC. |
| Board Lot: |
The Debentures will trade in a board lot size of $100 face value. |
________________________________________
GRENVILLE STRATEGIC ROYALTY CORP. ("GRC.DB")
BULLETIN TYPE: Prospectus-Debenture Offering, New Listing-Debentures
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
Prospectus-Debenture Offering:
Effective the opening of business, Thursday, July 10, 2014, the Company's Prospectus dated July 4, 2014 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador Securities Commissions, pursuant to the respective securities legislation of the foregoing Provinces.
TSX Venture Exchange has been advised that closing will occur on or before open of trading, July 10, 2014, for gross proceeds of $15,000,000.
| Offering: |
$15,000,000 |
| Agent(s): |
National Bank Financial Inc., Clarus Securities Inc., Cormark Securities Inc., GMP Securities L.P., Haywood Securities Inc., and Raymond James Ltd. |
| Agent's Commission: |
$900,000 |
| Details of the Debentures: | |
| Maturity Date: |
December 31, 2019 |
| Redemption: |
The Debentures may be redeemed, at the option of the Company, in whole or in part, upon not more than 60 days and not less than 30 days prior written notice to the debentureholders after December 31, 2017. |
| Interest: |
8% Interest is payable semi-annually on December 31 and June 30 in each year commencing December 31, 2014. |
| Subordination: |
The payment of principal and interest on the Debentures is subordinated in right of payment to the extent set forth in the debenture governing the Debentures to the prior payment in full of all existing and future senior indebtedness of the Company. |
| Conversion: |
The Debentures are convertible into common shares of the Company at $0.92 per share at any time prior to maturity or the business day prior to redemption. |
| Day Count Type: |
365, or 366 as the case may be |
| Interest Start Date: |
July 10, 2014 |
| First Coupon Date: |
December 31, 2014 |
| Coupon Dates: |
Dec 31, June 30 |
| Over-allotment |
The Corporation has granted to the Underwriters the Over–Allotment Option, which entitles the Underwriters to purchase up to an additional $2,250,000 principal amount of Debentures, representing up to 15% of the aggregate principal amount of Debentures sold under the Offering. |
| Board Lot: |
The Debentures will trade in a board lot size of $1,000 face value. |
For further information, please refer to the Company's Prospectus dated July 4, 2014.
New Listing-Debentures:
Effective at the opening of business, Thursday, July 10, 2014, the debentures of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Investment' company.
| Corporate Jurisdiction: |
British Columbia |
| Transfer Agent: |
Computershare Investor Services Inc. |
| Trading Symbol: |
GRC.DB |
| CUSIP Number: |
39773AAA8 |
________________________________________
GREENFIELDS PETROLEUM CORPORATION ("GNF")
BULLETIN TYPE: Miscellaneous - Grant of Restricted Shares
BULLETIN DATE: July 9, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's Company's proposal to grant an aggregate of 410,000 restricted common shares of the Company at a deemed price of $3.00 per restricted share ("Restricted Shares") to four insiders of the Company (each, a "Grantee") pursuant their respective Contingent Restricted Share Grant Agreements, dated September 11, 2013 or October 11, 2013 (collectively, the "Agreements"). Pursuant to the Agreements, the grant of the Restricted Shares are contingent upon the achievement of the individual Grantee's production, optimization and financing targets in reference to the Company's Exploration, Rehabilitation, Development and Production Share Agreement for the Block including the Bahar Field and Gum-Deniz Field in the Azerbaijan Sector of the Caspian Sea. Under terms of the Agreements, the Restricted Share grant will be composed of: (i) 150,000 Restricted Shares to John Harkins, President and Director; (ii) 60,000 Restricted Shares to A. Wayne Curzadd, CFO, Comptroller, Sr. Vice President, and Treasurer; (iii) 180,000 Restricted Shares to Norman Benson, COO and Senior Vice President of Operations; and, (iv) 20,000 Restricted Shares to Alex Warmath, Director. The Exchange acknowledges that the Restricted Shares issued to each Grantee will vest in two tranches, with 50% vesting on July 1, 2014 and the remaining 50% vesting on July 1, 2015.
| Number of Placees: |
4 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / | ||
| Creditor | Progroup=P | # of Shares |
| John Harkins |
Y |
150,000 |
| A. Wayne Curzadd |
Y |
60,000 |
| Norman Benson |
Y |
180,000 |
| Alex Warmath |
Y |
20,000 |
_______________________________________
IEMR RESOURCES INC. ("IRI")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 150,000 shares at a deemed price of $0.05 per share, in consideration of certain services provided to the company pursuant to an agreement dated May 22, 2014.
| Insider / Pro Group Participation: |
||||
| Insider=Y / | Amount | Deemed Price | ||
| Creditor | Progroup=P | Owing | per Share | # of Shares |
| Charles Yuen |
Y |
$7,500 |
$0.05 |
150,000 |
The Company shall issue a news release when the shares are issued.
________________________________________
IGC RESOURCES INC. ("IGC.H")
[formerly IGC Resources Inc. ("IGC")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Thursday, July 10, 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 Vancouver to NEX.
As of July 10, 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 IGC to IGC.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.
_______________________________________
ILOOKABOUT CORP. ("ILA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 110,316 common shares at a deemed value of $0.16 per share to settle outstanding debt for $17,652.
| Number of Creditors: |
11 Creditors |
|||
| Insider / Pro Group Participation |
||||
| Insider=Y / | Amount | Deemed Price | ||
| Creditor | Progroup=P | Owing | per Share | # of Shares |
| John C. Drake |
Y |
$2,991.78 |
$0.16 |
18,698 |
| Robin Dyson |
Y |
$299.17 |
$0.16 |
1,869 |
| D. Mark Sheppard |
Y |
$299.17 |
$0.16 |
1,869 |
| Jeff Young |
Y |
$673.16 |
$0.16 |
4,207 |
| Jeff Hack |
Y |
$673.17 |
$0.16 |
4,207 |
| Ontario 2315410 Inc. |
Y |
$2,692.60 |
$0.16 |
16,828 |
For further details, please refer to the Company's news release dated July 2, 2014.
________________________________________
LAKESIDE MINERALS INC. ("LAK")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an amendment of an existing agreement (the "Amended Agreement") dated June 29, 2014 between Lakeside Minerals Inc. (the "Company") and several arm's length parties (collectively, the "Optionors"), whereby the company has the option to acquire a 100% interest in 28 contiguous mining claims (the "Launay Property") located approximately 48km northeast of Rouyn-Noranda, Quebec.
Pursuant to the Amended Agreement, instead of paying $45,000 in cash due on June 1, 2014, the Company will instead issue 600,000 common shares and pay $15,000. An additional $15,000 will be payable December 15, 2014, which will be the final property payment.
For more information, refer to the Company's news release dated June 18, 2014.
________________________________________
PACIFIC VECTOR HOLDINGS INC. ("PVH")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, July 9, 2014, trading in the shares of the Company was halted for failure to pay sustaining fees. 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.
________________________________________
PETROX RESOURCES CORP. ("PTC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, July 9, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
QUANTA RESOURCES INC ("QR.H")
[formerly Quanta Resources Inc. ("QR")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Thursday, July 10, 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 Vancouver to NEX.
As of July 10, 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 QR to QR.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.
_______________________________________
STARLIGHT U.S. MULTI-FAMILY (NO.3) CORE FUND ("SUS.A") ("SUS.U")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2014
TSX Venture Tier 1 Company
Effective at 5:00 a.m., PST, July 9, 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.
________________________________________
STARLIGHT U.S. MULTI-FAMILY (No. 3) CORE FUND ("SUS.A") ("SUS.U")
BULLETIN TYPE: New Listing-IPO-Units, Amendment, Remain Halted, Correction
BULLETIN DATE: July 9, 2014
TSX Venture Tier 1 Company
Reference is made to TSX Venture Exchange Bulletin dated July 8, 2014, with respect to the listing of the Class A Units and Class U Units of Starlight U.S. Multi-Family (No.3) Core Fund (the "Fund").
Correction
Further to the TSX Venture Bulletin dated July 8, 2014, the Bulletin, in part, should have read as follows:
Class A Units Trading Symbol: SUS.A
Class U Units Trading Symbol: SUS.U
Amendment
The Fund has completed its public offering of securities on July 9, 2014. Gross Proceeds received by the Company were an aggregate of approximately US$49.62 million of limited partnership units, comprised of 1,953,886 Class A Units, 744,730 Class C Units, 1,908,200 Class D Units, 331,900 F Units and 334,900 Class U Units of the Fund at a price of C$10.00 per Class A Unit, Class C Unit, Class D Unit and Class F Unit and US$10.00 per Class U Unit, of which only Class A Units and Class U Units are listed and disclosed under the Capitalization section below.
The Capitalization section of the TSX Venture Exchange Bulletin dated July 8, 2013 should be updated as follows:
| Capitalization: |
Unlimited number of authorized limited partnership units, including Class A Units at C$10 each and Class U Units at US$10 each, of which: |
| 1,953,886 Class A Units (listed) are issued and outstanding; |
|
| 334,950 Class U Units (listed) are issued and outstanding; |
|
| 744,730 Class C Units (unlisted and convertible into Class A Units) are issued and outstanding; |
|
| 1,908,200 Class D Units (unlisted and convertible into Class A Units) are issued and outstanding; and |
|
| 331,900 Class F Units (unlisted and convertible into Class A Units) are issued and outstanding; |
|
| Escrowed Units: |
544,730 Class C Units (convertible into Class A Units) are escrowed pursuant to the National Policy 46-201. |
Remain Halted
Trading in the units of the Fund will remain halted pending confirmation of the closing of the acquisition of the Initial Portfolio as described in the Fund's Prospectus dated June 27, 2014. A further bulletin will be issued upon receipt of closing confirmation.
__________________________________
WAYMAR RESOURCES LTD. ("WYM")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2014
TSX Venture Tier 2 Company
Effective at 10:12 a.m., PST, July 9, 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
For further information: Market Information Services at 1-888-873-8392, or email: information@venture.com
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