TSX Venture Exchange Daily Bulletins
Mar 18, 2015, 17:04 ET
VANCOUVER, March 18, 2015 /CNW/ -
TSX VENTURE COMPANIES:
AFRICAN GOLD GROUP, INC. ("AGG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 11, 2015:
| Number of Shares: |
25,796,437 common shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
12,898,218 share purchase warrants attached to purchase 12,898,218 shares |
|
| Warrant Exercise Price: |
$0.075 for the first year |
|
| $0.10 for the second year |
||
| Number of Placees: |
2 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Citraen Pty Ltd. |
||
| (Declan Franzmann) |
Y |
526,437 |
| Georges Cohen |
Y |
25,270,000 |
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.
________________________________________
ASTRIX NETWORKS INC. ("OEE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 11, 2014:
| Number of Units: |
2,900,000 units ("Units") |
|
| Each Unit consists of one common share of the Company and one-half of one common share purchase warrant ("Warrant"). |
||
| Purchase Price: |
$0.12 per Unit |
|
| Warrants: |
1,450,000 share purchase warrants to purchase 1,450,000 shares |
|
| Warrant Exercise Price: |
$0.16 until expiry on December 12, 2016 |
|
| Number of Placees: |
12 Placees |
|
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Units |
| Raphael Mosca |
Y |
376,650 |
| Aggregate Pro-Group |
||
| Involvement [1 Placee] |
P |
750,000 |
| Finder's Fee: |
$6,864 cash and 57,201 non-transferrable warrants ("Finder's Warrants") payable to Caldwell Securities Ltd. |
|
| $2,880 cash and 24,000 Finder's Warrants payable to GMP Securities L.P. |
||
| - Each Finder's Warrant is exercisable into one common share of the Company at a price of $0.16 until expiry on December 12, 2016. |
_______________________________________
AUMENTO CAPITAL IV CORPORATION ("ACV.P")
BULLETIN TYPE: Regional Office Change, Remain Halted
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 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.
Trading of the Company's common shares remain halted.
________________________________________
BENTON RESOURCES INC. ("BEX")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: March 18, 2015
TSX Venture Tier 1 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated March 11, 2015, it may repurchase for cancellation, up to 5,000,000 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange or other recognized marketplaces during the period March 12, 2015 to March 12, 2016. Purchases pursuant to the bid will be made by Bruce Labelle of BMO Nesbitt BurnsError! Bookmark not defined. on behalf of the Company.
________________________________________
CORONET METALS INC. ("CRF")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
The TSX Venture Exchange Inc. (the "Exchange") has accepted documentation in connection with a share purchase agreement dated March 3, 2015 between Coronet Metals Inc. ("Coronet") and Pashleth Investments Ltd. ("Pashleth") under which Coronet will sell all of the shares of Coronet Metals (USA) Inc. ("Coronet USA"), which holds a lease of and the operating rights to the Liberty Precious Metals Processing Facility in Nevada (the "Liberty Processing Facility Lease") to Pashleth for the following consideration:
| (a) |
Twenty thousand (US$20,000) dollars (US) (paid); |
| (b) |
Assumption of Liberty Processing Facility Lease payments of twenty thousand US$20,000 dollars US funds per month starting March 1st, 2015 for the 24 months (US$480,000); |
| (c) |
Assumption of all financial liabilities of Coronet USA totaling CAD$653,000; |
| (d) |
Assumption of environmental clean-up obligations, according to the Liberty Processing Facility Lease, including the safe disposal of all unused, partially used and used residual chemicals (cost not determined); |
| (e) |
An undertaking to provide copies of all government regulatory agencies final approvals of all clean-up activities (cost not determined); and |
| (f) |
A full and complete indemnity against any and all financial and environmental obligations of the Company, known and unknown, now or arising in the future relating to activities of the Company up to the date hereof (cost not determined). |
The Company is relinquishing an intercorporate shareholder loan owed by Coronet USA. in the amount of CAD$3,030,948. The Company previously recorded a write down of the Liberty Precious Metals Processing Facility of CAD$2.2million in the quarter ending December 31, 2014 in respect of Coronet USA.
Insider / Pro Group Participation: Joel Dumaresq is a director of Coronet and beneficially owns Pashleth.
For further information please see the news release dated March 3, 2015 which is available under Coronet's profile on SEDAR.
________________________________________
IBERIAN MINERALS LTD. ("IML")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 25, 2015 and closed March 6, 2015:
| Number of Securities: |
12,000,000 common share units ("Units") |
| Each Unit will consist of one common share and one-half of one common share purchase warrant. |
|
| Purchase Price: |
$0.05 per Unit |
| Warrants: |
600,000 share purchase warrants to purchase 600,000 shares |
| Warrant Exercise Price: |
$0.07 for the first 12 months from date of issuance |
| $0.10 for the next and final 12 months from date of issuance |
|
| Number of Placees: |
15 Placees |
| Insider / Pro Group Participation: |
None |
| Finder's Fee: |
$4,550 cash payable to Herc Holdings Inc. |
| $1,050 cash payable to Randy Hayward |
|
| $1,155 cash payable to Rembrandt Enterprises Ltd. |
________________________________________
INTERTAINMENT MEDIA INC. ("INT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,555,800 units to settle outstanding debt for $77,790. Each unit is comprised of one common share and one share purchase warrant (each exercisable into one share at a price of $0.05 for a one year period).
| Number of Creditors: |
1 Creditor |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
KENNADY DIAMONDS INC. ("KDI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 9, 2015:
| Number of Shares: |
600,000 flow-through shares |
|
| 4,405,947 non-flow-through shares |
||
| Purchase Price: |
$5.00 per flow-through share |
|
| $3.55 per non-flow-through share |
||
| Number of Placees: |
41 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Bottin (International) Investments |
||
| Ltd. (Dermot Desmond) |
Y |
1,690,141 |
| Carl Gordon Verley |
Y |
5,000 |
| Aggregate Pro-Group |
||
| Involvement [3 Placees] |
P |
180,000 |
| Finder's Fee: |
An aggregate of $34,825.50 is payable to Strauss Partners Ltd. and Haywood Securities Inc. |
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.
________________________________________
MILLROCK RESOURCES INC. ("MRO")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 263,252 shares to settle outstanding debt for $131,626.26.
| Number of Creditors: |
4 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Greg Beischer |
Y |
$50,239.03 |
$0.50 |
100,478 |
| Phil St. George |
Y |
$45,215.13 |
$0.50 |
90,430 |
| Keith Granberry |
Y |
$18,086.05 |
$0.50 |
36,172 |
| Kyle Negri |
Y |
$18,086.05 |
$0.50 |
36,172 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
PAN GLOBAL RESOURCES INC. ("PGZ ")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated August 29, 2013, the TSX Venture Exchange has accepted for filing the Letter Agreement dated February 9, 2015 ("Amending Agreement") among Pan Global Resources Inc (the "Company") 298221 B.C. Ltd. (the "Vendor") and its sole shareholder Mr. Petr Palkovsky to amend the terms of the purchase of all the issued and outstanding shares in the capital Lithium Li Holdings Inc. ('Lithium Li'). Lithium Li holds 9 exploration licenses in Serbia and Bosnia.
Under the terms of the Amending Agreement:
- All future cash and share considerations under the original agreement, are to be replaced by the issue of additional Company shares to the Vendor ,so that the Vendor shall hold, in the aggregate, directly or indirectly,19.97% of the issued and outstanding number of Company shares, on or about
- February 15, 2015;
- This will result in the issuance of an additional 4,156,328 shares, in addition to the 3,528,165 shares now held by the Vendor and Petr Palkovsky.
- The provision providing for acceleration of payments to the Vendor and Mr. Palkovsky on change of control of Pan Global has been terminated;
- Provided the Vendor holds at least 10% of the then issued and outstanding share capital of Pan Global, the Vendor shall have the right (but not the obligation) to participate in further debt or equity financings undertaken by Pan Global in order to maintain its pro rata shareholding in PGZ; and
- The Services Agreement related to Mr. Palkovsky's employment as COO of Pan Global has been terminated with no continuing or further obligation whatsoever by any party to any other party.
Further information on the transaction is available in the Company's news release dated February 16, 2015.
________________________________________
SENNEN POTASH CORPORATION ("SN")
BULLETIN TYPE: Consolidation
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors, the Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Thursday, March 19, 2015, the common shares of Sennen Potash Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Junior Natural Resource Mining' company.
| Post - Consolidation |
|||
| Capitalization: |
Unlimited |
shares with no par value of which |
|
| 11,114,341 |
shares are issued and outstanding |
||
| Escrow |
Nil |
shares |
|
| Transfer Agent: |
Computershare Trust Company of Canada |
||
| Trading Symbol: |
SN |
(UNCHANGED) |
|
| CUSIP Number: |
81723C208 |
(NEW) |
|
_______________________________________
SILK ROAD ENERGY INC. ("SLK")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 2, 2015, the Exchange has been advised that the Cease Trade Order issued by the Alberta Securities Commission dated February 2, 2015, and the Cease Trade Order issued by the British Columbia Securities Commission dated February 5, 2015 have been revoked.
Effective at the opening, Thursday, March 19, 2015, trading will be reinstated in the securities of the Company.
_______________________________________
SONORO METALS CORP. ("SMO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an Agreement dated March 9, 2015 between Sonoro Metals Corp. (the "Company") and Northern Empire Resources Corp. (the "Optionor") whereby the Company may acquire a 60% interest in the Optionor's 7,840-acre Hilltop gold project located 115 kilometres south of Fairbanks, Alaska, United States.
To exercise the option and earn its 60% interest in the Hilltop gold project, the Company will expend $3,000,000 on exploration activities to advance the project and issue 1,000,000 common shares of the Company to the Optionor prior to December 31, 2019.
________________________________________
STT ENVIRO CORP. ("STT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 16, 2015:
| Number of Shares: |
9,985,002 shares |
| Purchase Price: |
$0.25 per share |
| Number of Placees: |
12 Placees |
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
________________________________________
TORO OIL & GAS LTD. ("TOO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Agreement of Purchase and Sale dated March 4, 2015 (the "Agreement") with Goodland Energy Ltd. (the "Vendor") whereby the Company will acquire certain oil and gas producing assets located in the Esther area of Alberta (the "Assets"). Pursuant to the terms of the Agreement, consideration paid for the Assets is $800,000 cash and 305,670 common shares of the Company ("Shares") at a deemed price of $0.60 per Share.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press release dated March 18, 2015
________________________________________
TWEED MARIJUANA INC. ("TWD")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: March 18, 2015
TSX Venture Tier 2 Company
Effective March 11, 2015, the Company's Short Form Prospectus dated March 10, 2015, was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador and Ontario Securities Commissions, pursuant to the provisions of the respective Securities Acts.
TSX Venture Exchange has been advised that closing occurred on March 17, 2015, for gross proceeds of $20,000,160.
| Underwriters: |
GMP Securities L.P., Dundee Securities Ltd. and M Partners Inc. |
| Offering: |
9,302,400 shares (no shares exercised to this date of the Underwriter's over-allotment option. The over-allotment period expires April 16, 2015. The Exchange will issue a supplemental bulletin if any exercise of the over-allotment option occurs). |
| Share Price: |
$2.15 per share |
| Underwriter's Fee: |
A fee equal to 6.25% of the proceeds from shares sold. |
| Over-Allotment Option: |
The Underwriters may over-allot the shares in connection with this offering and the Company has granted to the Underwriters an option to arrange for the sale of up to an additional 15% of that number of shares sold pursuant to the offering, at any time up to 30 days after the closing of the offering. The above noted Underwriter's Fees are also applicable to the Over-Allotment Option. |
________________________________________
NEX COMPANY:
VALOR VENTURES INC. ("VLR.H")
BULLETIN TYPE: Consolidation
BULLETIN DATE: March 18, 2015
NEX Company
Pursuant to a special resolution passed by directors on November 21, 2014, the Company has consolidated its capital on a five (5) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Monday, March 23, 2015, the common shares of Valor Ventures Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'NEX' company.
| Post - Consolidation |
|||
| Capitalization: |
Unlimited |
shares with no par value of which |
|
| 1,291,996 |
shares are issued and outstanding |
||
| Escrow |
76,666 |
shares are subject to escrow |
|
| Transfer Agent: |
Computershare Investor Services Inc. |
||
| Trading Symbol: |
VLR.H |
(UNCHANGED) |
|
| CUSIP Number: |
92025M 30 7 |
(NEW) |
|
________________________________________
SOURCE TSX Venture Exchange
For further information: Market Information Services at 1-888-873-8392, or email: [email protected]