VANCOUVER, Aug. 1, 2014 /CNW/ -
TSX VENTURE COMPANIES:
CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 8,784,500 shares and settle outstanding debt for $439,225.
| Number of Creditors: |
13 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Allbeach Nominees Pty Ltd. |
||||
| (Peter Cunningham) |
Y |
$35,000 |
$0.05 |
700,000 |
| DR Financial Services Inc. |
||||
| (Derick Sinclair) |
Y |
$27,500 |
$0.05 |
550,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
CANADA ENERGY PARTNERS INC. ("CE")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Sale Agreement between the Company and Crew Energy Inc. ("Crew") whereby the Company granted Crew an option to purchase by agreement dated March 31, 2014 and amended June 25, 2014. Crew exercised the right to purchase the Montney Shale land and wells located in northeastern British Columbia. Shareholder approval was obtained to the sale of assets at the Special Meeting of shareholders held on July 29, 2014. Consideration is $15,720,000.00.
________________________________________
CANADIAN INTERNATIONAL MINERALS INC. ("CIN")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 921,885 shares at a deemed value of $0.08 per share to settle outstanding debt for $73,750.82.
| Number of Creditors: |
6 Creditors |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
CHIMATA GOLD CORP. ("CAT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 27, 2014:
First Tranche:
| Number of Shares: |
1,300,000 shares |
|
| Purchase Price: |
$0.06 per share |
|
| Warrants: |
1,300,000 share purchase warrants to purchase 1,300,000 shares |
|
| Warrant Exercise Price: |
$0.06 for a five year period |
|
| Number of Placees: |
5 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| JSB Investments Ltd. (Curt Huber) |
Y |
400,000 |
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.
________________________________________
CRAILAR TECHNOLOGIES INC. ("CL")
BULLETIN TYPE: Halt
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
Effective at 5:01 a.m., PST, August 1, 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.
________________________________________
CRAILAR TECHNOLOGIES INC. ("CL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
Effective at 6:30 a.m., PST, August 1, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
ECOMETALS LIMITED ("EC.H")
[formerly Ecometals Limited ("EC")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: August 1, 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, Tuesday, August 5, 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 Toronto to NEX.
As of August 5, 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 EC to EC.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 Exchange bulletin dated October 2, 2013, trading in the securities of the Company will remain suspended.
_______________________________________
HAWK EXPLORATION LTD. ("HWK.A") ("HWK.B")
BULLETIN TYPE: Miscellaneous – Conversion of Class B Shares, Delist
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange accepts for filing the conversion of class B shares of the Company ("B Shares") into class A shares of the Company ("A Shares") in accordance with the terms of the B Shares. The B Shares will be converted at a conversion ratio of 10 A Shares for each B Share. Accordingly, a total of 10,800,000 A Shares will be issued.
In connection with the conversion of the B Shares into A Shares, effective at the close of business on Friday, August 1, 2014, the B Shares will be delisted from TSX Venture Exchange at the request of the Company.
________________________________________
HODGINS AUCTIONEERS INC. ("HA")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated May 6, 2014, the Exchange has been advised that the Cease Trade Order issued by the Alberta Securities Commission on May 6, 2014 has been revoked.
Effective at the open on Tuesday, August 5, 2014, trading will be reinstated in the securities of the Company.
_______________________________________
HUNTER BAY MINERALS PLC ("HBY")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders on June 27, 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 Tuesday, August 5, 2014, the common shares of Hunter Bay Minerals PLC 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 |
| 9,838,432 |
shares are issued and outstanding |
|
| Escrow |
nil |
shares |
| Transfer Agent: |
Olympia Trust Company |
|
| Trading Symbol: |
HBY |
(UNCHANGED) |
| CUSIP Number: |
G46489152 |
(new) |
________________________________________
ISIGN MEDIA SOLUTIONS INC. ("ISD")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 18, 2014:
| Convertible Debenture |
$1,500,000 |
|
| Conversion Price |
Convertible into units (comprised of one common share and one share purchase warrant) at $0.25 of principal outstanding per share until maturity |
|
| Maturity Date |
three months from the date of issuance |
|
| Warrants |
6,000,000 warrants attached to purchase 6,000,000 common shares |
|
| Warrant Exercise Price |
$0.50 for a two year period |
|
| Interest Rate |
8% |
|
| Number of Placees: |
3 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
Amount |
| Korona Group Ltd. |
Y |
$600,000 |
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.
________________________________________
MCW ENERGY GROUP LIMITED ("MCW")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's documentation pertaining to Security Agreements (collectively, the "Agreements") dated May 13, 2014 between MCW Energy Group Limited (the "Company") and Dalex Investments, Inc. and Dalex Holdings, Inc., (collectively, the "Grantors"), which are private companies wholly owned by Alex Blyumkin, an officer and director of the Company. Pursuant to the Agreements, the Grantors shall pledge two properties as security for fuel advances of up to US$2,100,000 to be made by Phillips 66 Company to the Company.
Additionally, the Exchange has accepted for filing an aggregate bonus of 469,962 common shares to be issued to the Grantors in connection with the Agreements.
For more information, refer to the Company's news release dated July 30, 2014.
________________________________________
MELIOR RESOURCES INC. ("MLR")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: August 1, 2014
TSX Venture Tier 1 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and accepted the change of the Filing and Regional Office from Vancouver, British Columbia to Toronto, Ontario.
________________________________________
NIGHTHAWK GOLD CORP. ("NHK")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an amendment of an existing Option Agreement (the "Agreement"), dated January 7, 2011, between Nighthawk Gold Corp. (the "Company") and URSA Polaris Developments Corporation (the "Vendor"), whereby the parties have agreed to amend the payment schedule pertaining to an option to acquire a 100% undivided interest in certain mining leases and claims (the "North Inca Property"), located in the Northwest Territories. Under the terms of the revised agreement, the final $250,000 cash payment due July 31, 2014 will be satisfied through the issuance of 438,596 common shares at a deemed value of $0.57 per share.
For further details, please refer to the Company's news release dated July 29, 2014.
________________________________________
PATRIOT PETROLEUM CORP. ("PPC")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 833,333 bonus shares to an arm's length party in consideration of at $250,000 loan.
________________________________________
PRISM MEDICAL LTD. ("PM")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: August 1, 2014
TSX Venture Tier 1 Company
| The Issuer has declared the following dividend(s): |
|
| Dividend per Common Share: |
$0.08 |
| Payable Date: |
September 5, 2014 |
| Record Date: |
August 16, 2014 |
| Ex-Dividend Date: |
August 13, 2014 |
________________________________________
SOUTHERN LEGACY MINERALS INC. ("LCY")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 390,550 shares to settle outstanding debt for US$18,000.
| Number of Creditors: |
1 Creditor |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
SPIRIT BEAR CAPITAL CORP. ("SBG.H")
[formerly Spirit Bear Capital Corp. ("SBG.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Reinstated for Trading
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.4, Capital Pool Companies, the Company has not completed a Qualifying Transaction within the prescribed time frame. Therefore, effective at the opening on Tuesday, August 5, 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 August 5, 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 SBG.P to SBG.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 TSX Venture Exchange Bulletin dated May 15, 2014, the Company has applied for reinstatement to trading.
Effective at the opening on Tuesday, August 5, 2014, trading will be reinstated in the securities of the Company (CUSIP 84858B 10 2).
_______________________________________
SYLOGIST LTD. ("SYZ")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 1, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to the Share Purchase Agreement dated June 26, 2014 (the "Agreement") between the Company and Serenic Corporation ("Serenic") whereby the Company will acquire all the outstanding shares of Serenic Canada Inc., Serenic Software, Inc. and Serenic Software (EMEA) Limited (collectively the "SOCs"). Pursuant to the Agreement, Sylogist will pay approximately $8.0 million (CDN) cash consideration and assume Serenic's net working capital liability of approximately $3.8 million (CDN) for 100% of the shares of the SOCs
For further information, please refer to the Company's press releases dated June 26, 2014.
________________________________________
SYNODON INC. ("SYD")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced May 20, 2014 and closed July 15, 2014:
| Number of Securities: |
1,805,000 common share units ("Units") |
| Each Unit consists of one common share and one half of one share purchase warrant. |
|
| Purchase Price: |
$0.255 per Unit |
| Warrants: |
902,500 share purchase warrants to purchase 902,500 shares |
| Warrant Exercise Price: |
$0.375 for up to 12 months from date of issue |
| Number of Placees: |
17 placees |
| Insider / Pro Group Participation: None |
|
| Agent's Fee: |
$2,550 cash and 10,000 warrants ("Finder Warrants") payable to Raymond James Ltd. |
| Each Finder Warrant is exercisable for one common share at a price of $0.255 per share for up to 12 months from date of issuance. |
________________________________________
TERRACE ENERGY CORP. ("TZR")
BULLETIN TYPE: Prospectus-Share Offering, Amendment
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange (the 'Exchange') Bulletin dated July 23, 2014, the Exchange has accepted an amendment with respect to Terrace Energy Corp.'s (the 'Company') recently announced offering (the 'Offering').
The Exchange has been advised that Canaccord Genuity Corp., Cormark Securities Inc., GMP Securities L.P., and Salman Partners Inc. have exercised the over-allotment option to purchase an additional 1,623,000 shares at the Offering price of $1.85 per share.
Accordingly, the gross proceeds raised by the Company in respect of the Offering have increased to $23,019,550.
Please refer to the Company's news releases issued on July 29, 2014 and July 31, 2014.
________________________________________
THE WESTAIM CORPORATION ("WED")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Company Tier Reclassification
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to the acquisition (the "Acquisition") of approximately 70.8% of the issued and outstanding shares of common stock of Houston International Insurance Group, Ltd. ("HIIG"), an international specialty insurance company headquartered in Houston, by Westaim HIIG Limited Partnership (the "Partnership"), for an aggregate purchase price of approximately US$138.7 million. The Acquisition involved: (i) the purchase by the Partnership of an aggregate of 16,588,865 shares of common stock in the capital of HIIG ("HIIG Shares") from certain shareholders of HIIG for an aggregate purchase price of US$53.7 million; and (ii) the purchase by the Partnership from HIIG of an aggregate of 18,702,673 HIIG Shares from treasury for an aggregate purchase price of US$85.0 million.
In connection with the Acquisition, on April 23, 2014 Westaim completed the sale of an aggregate of 50,995,385 subscription receipts (the "Subscription Receipts") at a purchase price of $2.65 per Subscription Receipt for aggregate gross proceeds of approximately $135.1 million. On July 29, 2014, net proceeds of approximately $128.2 million from the sale of the Subscription Receipts were released from escrow to Westaim and an aggregate of 50,995,385 additional common shares of Westaim ("Westaim Shares") were issued upon the conversion of the Subscription Receipts. An additional 5,399,020 Westaim Shares were issued on July 31, 2014 to certain funds and co-investors (collectively, the "Trilantic Funds") managed by Trilantic Capital Partners pursuant to subscription agreements entered into by the Trilantic Funds on April 23, 2014. In connection with this subscription, Westaim today received additional gross proceeds of approximately $14.3 million.
For further details, please refer to the Exchange Bulletin dated July 7, 2104 and the Company disclosure available on SEDAR.
Company Tier Reclassification
In accordance with Policy 2.5, the Company has met the requirements for a Tier 1 company. Therefore, effective on Tuesday, August 5, 2014, the Company's Tier classification will change from Tier 2 to Tier 1:
Classification
Tier 1 Company
________________________________________
THUNDERMIN RESOURCES INC. ("THR")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 100,000 shares to settle outstanding debt for $5,000.
| Number of Creditors: |
2 Creditors |
For further information, please refer to the Company's news release dated August 1, 2014.
________________________________________
TRIUMPH VENTURES II CORPORATION ("TVT.P")
BULLETIN TYPE: Delist-Failure to Complete a Qualifying Transaction Within 24 Months of Listing
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
Effective at the close of business on Friday, August 1, 2014, the common shares will be delisted from TSX Venture Exchange for failing to complete a Qualifying Transaction within 24 months of Listing.
In accordance with Exchange Policy 2.4, the Company has 90 days from the date of delisting to, in accordance with applicable law, wind-up and liquidate the Company's assets and distribute its remaining assets, on a pro rata basis, to its shareholders unless, within that 90 day period, the shareholders, pursuant to a majority vote, exclusive of the votes of Non-Arm's Length Parties to the Company, approve another use of the remaining assets. The Company is required to provide written confirmation to the applicable Securities Commissions, with a copy to the Exchange, no later than 90 days from the date of delisting, that they have complied with the above requirement.
________________________________________
ZEPHYR MINERALS INC. ("ZFR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 1, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement announced June 23, 2014:
| Number of Shares: |
1,733,333 common shares |
|
| Purchase Price: |
$0.15 per common share |
|
| Warrants: |
866,666 warrants to purchase 866,666 common shares |
|
| Warrants Exercise Price: |
$0.20 over a period of 12 months following the closing of the Private Placement |
|
| Number of Placees: |
14 placees |
|
| Insider / Pro Group Participation: |
||
| Name |
Insider = Y / |
Number |
| Pro Group = P |
of Shares |
|
| Investments & Technical |
||
| Management Ltd (J.R. Berardo) |
Y |
600,000 |
| Loren Komperdo |
Y |
300,000 |
| Votix Corporation (William Felderhof) |
Y |
182,333 |
| Aggregate Pro Group Involvement |
P |
65,000 |
| [1 placee] |
||
| Finders: |
Dundee Securities Ltd. and BMO Nesbitt Burns |
|
| Finders' Fees: |
A total of $2,712, in cash and non-transferable finders' warrants to purchase 18,080 common shares at a price of $0.20 per share for a period of 12 months following the closing of the Private Placement. |
|
The Company has confirmed the completion of the Private Placement by way of a press release dated July 23, 2014.
___________________________________________
NEX COMPANIES:
CASCADE RESOURCES LTD. ("CC.H")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 1, 2014
NEX Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,327,500 shares at a deemed value of $0.10 per share to settle outstanding debt for $432,750.
| Number of Creditors: |
12 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Sijing Xu |
Y |
$60,000 |
$0.10 |
600,000 |
| Tom Davitt |
Y |
$77,500 |
$0.10 |
775,000 |
| Michael Dean |
Y |
$15,000 |
$0.10 |
150,000 |
| Garry Stock |
Y |
124,000 |
$0.10 |
1,240,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
CASPIAN ENERGY INC. ("CKZ.H")
BULLETIN TYPE: Halt
BULLETIN DATE: August 1, 2014
NEX Company
Effective at 5:00 a.m., PST, August 1, 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.
________________________________________
CASPIAN ENERGY INC. ("CKZ.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 1, 2014
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated August 1, 2014, effective at 9:06 a.m., August 1, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the 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.
________________________________________
STRACHAN RESOURCES LTD. ("SCN.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 1, 2014
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated July 31, 2014, effective at 10:20 a.m., August 1, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the 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.
________________________________________
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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