VANCOUVER, April 16, 2015 /CNW/ -
TSX VENTURE COMPANIES:
ACUITYADS HOLDINGS INC. ("AT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 16, 2015
TSX Venture Tier 1 Company
Effective at 5:00 a.m., PST, April 16, 2015, shares of the Company resumed trading, an announcement having been made.
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ALIX RESOURCES CORP. ("AIX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Agreement dated April 8, 2015 between the Company and Jason Gigliotti whereby the Company has been granted an option to acquire a 100% interest in the Hackett Crown Claims located in the Sheslay Valley region of British Columbia. Consideration is 800,000 common shares to be issued within 15 days from the date of Exchange approval.
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AVANTI ENERGY INC. ("AVN")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement, Private Placement-Non-Brokered
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a purchase and sale agreement between Avanti Energy Inc. ("Avanti") and Dove Energy B.V. ("Dove") dated December 14, 2014, as amended February 26, 2015 (the "Agreement") for the purchase of all of the issued and outstanding shares of CMI Energia SpA ("CMI") (the "Acquisition"). CMI owns a 90% working interest in a natural gas permit covering 35.72 square kilometers onshore in Central Italy, including an application for the conversion of the natural gas discovery in the permit into an exploitation concession (the "Project").
As consideration under the Agreement, Avanti will pay to Dove a cash payment of US$1.53 million and issue 12,970,000 common shares of Avanti.
Dove will retain a 15% working interest in the Project. Concurrent with closing of the Acquisition, Avanti has arranged for a syndicate of investors to acquire a 41.66% working interest in the Project for US$1.43 million, plus the commitment of US$1.3 million to finance the 2015 operating budget for the Project.
On closing of the above transactions, CMI will be owned by Avanti, CMI will remain the operator of the Project and CMI will retain a 33.33% working interest in the Project.
Insider / Pro Group Participation: None
Private Placement – Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced April 1, 2015:
| Number of Shares: |
1,666,667 shares |
|
| Purchase Price: |
$0.30 per share (or USD$0.24) |
|
| Number of Placees: |
3 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Pacific Equity Management Corp. |
||
| (Douglas E. Ford, Karl Kottmeier |
||
| Kirk Gamley) |
Y |
1,458,667 |
| Aggregate Pro Group Involvement |
||
| [1 placee] |
104,000 |
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.
For further information please refer to Avanti's news releases dated January 6, 2015 and April 1, 2015 which are available under Anfield's profile on SEDAR.
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EARTHWORKS INDUSTRIES INC. ("EWK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 11, 2015 and April 14, 2015:
| Number of Shares: |
1,350,000 shares |
|
| Purchase Price: |
$0.10 per share |
|
| Warrants: |
675,000 share purchase warrants to purchase 675,000 shares |
|
| Warrant Exercise Price: |
$0.20 for a two year period |
|
| Number of Placees: |
9 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| David Andrews |
Y |
450,000 |
| Finder's Fee: |
$2,080 payable to Canaccord Genuity corp. and Richardson GMP. |
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.
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EUROPEAN URANIUM RESOURCES LTD. ("EUU")
BULLETIN TYPE: Halt
BULLETIN DATE: April 16, 2015
TSX Venture Tier 1 Company
Effective at 5:00 a.m. PST, April 16, 2015, 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.
________________________________________
EUROPEAN URANIUM RESOURCES LTD. ("EUU")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 16, 2015
TSX Venture Tier 1 Company
Effective at 9:15 a.m., PST, April 16, 2015, shares of the Company resumed trading, an announcement having been made.
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GRENVILLE STRATEGIC ROYALTY CORP. ("GRC")
BULLETIN TYPE: Notice of Dividend
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
The Issuer has declared the following dividend:
| Dividend per Common Share: |
$0.00416 |
| Payable Date: |
May 15, 2015 |
| Record Date: |
April 30, 2015 |
| Ex-Dividend Date: |
April 28, 2015 |
________________________________________
NXT ENERGY SOLUTIONS INC. ("SFD ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, April 16, 2015, shares of the Company resumed trading, an announcement having been made.
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RED EAGLE MINING CORPORATION ("RD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 16, 2015
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 25, 2015:
| Number of Shares: |
14,640,112 shares |
| Purchase Price: |
$0.33 per share |
| Number of Placees: |
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.
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RED PINE EXPLORATION INC. ("RPX")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an amendment to a Property Purchase Agreement (the "Amended Agreement") dated April 8, 2015 between an arm's length party (the "Vendor") and Red Pine Exploration Inc. (the "Company"). Pursuant to the Amended Agreement, the Company acquired a 100% interest in 68 mining claims known as the Kipawa Silica property located in the Genfreau, Campeau and Reclus Townships in Quebec. The Amended Agreement amends the consideration to be provided to the Vendor.
In consideration the Company shall issue an aggregate of 14,000,000 common shares to the Vendor.
The Vendors will maintain a 1% net smelter royalty which will be subject to a buy-back by the Company for $500,000.
For more information, refer to the Company's news release dated October 23, 2014 and April 8, 2015.
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SPECTRA7 MICROSYSTEMS INC. ("SEV")
BULLETIN TYPE: Halt
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
Effective at 12:30 p.m. PST, April 15, 2015, 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.
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SPECTRA7 MICROSYSEMS INC. ("SEV")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
Effective at 5 a.m., PST, April 16, 2015, shares of the Company resumed trading, an announcement having been made.
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STARLIGHT U.S. MULTI-FAMILY No. 3 CORE FUND ("SUS.A")("SUS.U")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: April 16, 2015
TSX Venture Tier 1 Company
The Issuer has declared the following distribution:
| Distribution per Cl A: |
CDN$0.05833 |
| Distribution per Cl U: |
US$0.05833 |
| Payable Date: |
May 15, 2015 |
| Record Date: |
April 30, 2015 |
| Ex-dividend Date: |
April 28, 2015 |
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TAKARA RESOURCES INC. ("TKK")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 800,000 common shares to settle outstanding debt for $40,000.
| Number of Creditors: |
2 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| James Fairbairn |
Y |
$20,000 |
$0.05 |
400,000 |
| Chris Hopkins |
Y |
$20,000 |
$0.05 |
400,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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THOR EXPLORATIONS LTD. ("THX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of a Share Purchase Agreement dated April 2, 2015 between African Star Resources Inc. (a wholly owned subsidiary of Thor Explorations Ltd. (the "Company")) and AFC Constelor Panafrican Resources SARL and Constelor Panafrican Resources Holdings Ltd. (collectively, the "Vendors") whereby the Issuer has acquired the remaining 15% interest in the Bongui and Legue gold permits located in Hounde greenstone belt in Burkina Faso. The consideration payable to the Vendors is the issuance of 373,517 common shares of the Company having a deemed price of $0.085 per share.
For further information please refer to the Company's news release dated April 9, 2015.
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VIRGINIA HILLS OIL CORP. ("VHO")
[formerly: PINECREST ENERGY INC. ("PRY")]
BULLETIN TYPE: Amalgamation, Name Change and Consolidation
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted documentation pursuant an Amended Agreement effective January 26, 2015 and a Second Amending Agreement (collectively, the "Arrangement Agreement") among Pinecrest Energy Inc. (the "Company"), Cardinal Energy Ltd. ("Cardinal") and Virginia Hills Oil Corp. ("Virginia Hills") whereby Virginia Hills acquired approximately 90% of the Company's current assets by way of plan of arrangement (the "Arrangement") and will continue as the resulting public company.
Following the Arrangement, the Company, then holding approximately 10% of its existing assets, will be purchased by Cardinal for upfront proceeds to Virginia Hills of $23.5 million cash. Under the terms of the Arrangement Agreement, Virginia Hills issued to shareholders of the Company one common share (each a "Virginia Hills Share") for every 100 common shares of the Company. Virginia Hills also issued 8 rights ("Virginia Hills Right") to Virginia Hill shareholders, including the former shareholders of the Company, for each Virginia Hills Share held. Each Virginia Hills Right will entitle the holder thereof to purchase one Virginia Hills Share at a price of $0.25 for up to 30 days following the effective date of the Arrangement.
Effective at the opening, Friday, April 17, 2015, the common shares of Virginia Hills Oil Corp. will commence trading on TSX Venture Exchange and the common shares of Pinecrest Energy Inc. will be delisted. The Company is classified as an 'Oil and Gas Extraction' company.
| Post - Amalgamation |
|||
| Capitalization: |
Unlimited |
common shares with no par value of which |
|
| 2,172,125 |
common shares are issued and outstanding |
||
| Escrowed: |
Nil |
escrowed shares |
|
| Transfer Agent: |
Valiant Trust Company |
||
| Trading Symbol: |
VHO |
(new) |
|
| CUSIP Number: |
927820100 |
(new) |
|
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VISCOUNT MINING CORP. ("VML")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: April 16, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing an agreement dated February 27, 2015 (the 'Agreement'), among Viscount Mining Corp. (the 'Company') and Summit Mining Exploration, Inc. ('Summit'). Pursuant to the Agreement, the Company has agreed to grant Summit the option to acquire a 75% interest in the Cherry Creek property, located in Nevada, USA (the 'Property').
Under terms of the agreement Summit shall make an initial payment to the Company of US$500,000 on Exchange conditional approval, being March 5, 2015 (the 'effective date'). To maintain the Agreement and to vest its 75% interest in the Property, Summit is required to produce a bankable feasibility study and to have expended a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the effective date of the agreement. The minimum expenditures are US$800,000 by the first anniversary of the effective date and US$1,000,000 for each of the following years until the eighth anniversary of the effective date.
If Summit elects to terminate the Agreement and has expended a minimum of US$10,000,000 and produced a BFS it shall be entitled to a 1.5% net smelter return ("NSR") royalty on the Property's production capped at twice the amount it has expended to the date of termination. If Summit vests at 75%, then Viscount and Summit will enter into a joint venture agreement which will provide that if a party is reduced to less than 10% then that party's interest shall be converted to a 3% NSR royalty.
Insider / Pro Group Participation: N/A
Please refer to the Company's news releases dated March 2, 2015 and April 7, 2015 for further information.
NEX COMPANIES
CENTURY ENERGY LTD. ("CEY.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 16, 2015
NEX Company
Effective at 5:00 a.m., PST, April 16, 2015, shares of the Company resumed trading, an announcement having been made.
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RICHMOND ROAD CAPITAL CORP ("RRD.H")
BULLETIN TYPE: Halt
BULLETIN DATE: April 16, 2015
NEX Company
Effective at 13:40 p.m. PST, April 15, 2015, 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.
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SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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