TSX Venture Exchange Daily Bulletins

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TSX Venture Exchange

Jun 22, 2015, 18:36 ET

VANCOUVER, June 22, 2015 /CNW/ -

TSX VENTURE COMPANIES

AGAVE SILVER CORP. ("AGV")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,147,500 shares at a deemed price of $0.05 per share to settle outstanding debt for $57,375.

Number of Creditors:                            

1 Creditor







Insider / Pro Group Participation:









Insider=Y /    

          Amount

         Deemed Price


Creditor                                              

Progroup=P   

            Owing

                per Share

            # of Shares

Ronald Lang                                       

Y                      

$57,375

$0.05

1,147,500

The Company shall issue a news release when the shares are issued and the debt extinguished.

________________________________________

ASANTE GOLD CORPORATION ("ASE")
BULLETIN TYPE:  Delist
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Effective at the close of business, Tuesday, June 23, 2015, the common shares will be delisted from TSX Venture Exchange at the request of the Company.

The Company will continue to trade on the Canadian Securities Exchange.

________________________________________

BLUMETRIC ENVIRONMENTAL INC. ("BLM")
BULLETIN TYPE:  Halt
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Effective at 9:44 a.m. PST, June 22, 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.

________________________________________

BLUMETRIC ENVIRONMENTAL INC. ("BLM")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Effective at 10:30 a.m., PST, June 22, 2015, shares of the Company resumed trading, an announcement having been made.

________________________________________

CHANGFENG ENERGY INC. ("CFY")
BULLETIN TYPE:  Normal Course Issuer Bid
BULLETIN DATE:  June 22, 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 June 22, 2015, it may repurchase for cancellation, up to 3,000,000 shares in its own capital stock.  The purchases are to be made through the facilities of TSX Venture Exchange during the period June 24, 2015 to June 23, 2016.  Purchases pursuant to the bid will be made by National Bank Financial on behalf of the Company.

________________________________________

CO2 SOLUTIONS INC. ("CST")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the documentation with respect to a Brokered Private Placement announced on May 26, 2015:

Number of Shares:                                               

15,218,400 common shares



Purchase Price:                                                   

$0.25 per share



Warrants:                                                             

15,218,400 warrants to purchase 15,218,400 common shares



Warrants Exercise Price:                                      

$0.35 until June 5, 2018



Number of Placees:                                              

38 Placees



Insider / Pro Group Participation:




Insider = Y /                                                                            

Number

Name                                                                   

Pro Group = P                                                                     

of Shares

Robert Manherz                                                    

Y                                                                                           

2,800,000

Thom Skinner                                                       

Y                                                                                                

40,000

Jonathan Carley                                                   

Y                                                                                               

200,000

Evan Price                                                            

Y                                                                                                

40,000

Jocelyn Proteau                                                     

Y                                                                                                

18,400

Louis Fradette                                                       

Y                                                                                                 

40,000

Glenn Kelly                                                            

Y                                                                                               

120,000

Aggregate Pro Group



Involvement [2 Placees]                                        

P                                                                                                   

95,000



Intermediaries' Fee:                                             

Euro Pacific Canada Inc. and Industrial Alliance Securities Inc. collectively



received $204,638 in cash and non-transferable broker warrants to purchase



633,500 units at an exercise price of $0.25 per unit until June 5, 2018. 



Each unit includes one common share and one warrant. Each warrant will



be exercisable into one common share at an exercise price of $0.35 per



share until June 5, 2018.

The Company has confirmed the closing of the Private Placement pursuant to news releases dated June 5, 2015.

CO2 SOLUTION INC. («  CST »)
TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier
DATE DU BULLETIN : Le 22 juin 2015
Société du groupe 2 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 26 mai 2015:

Nombre d'actions :                                               

15 218 400 actions ordinaires





Prix :                                                                    

0,25 $ par action



Bons de souscription :                                         

15 218 400 bons de souscription permettant de souscrire à 15 218 400 actions ordinaires



Prix d'exercice des bons :                                    

0,35 $ par action jusqu'au 5 juin 2018



Nombre de souscripteurs :                                  

38 souscripteurs



Participation des initiés / Groupe Pro :


Initié = Y /                                                                                      

Nombre

Nom                                                                   

Groupe Pro = P                                                                           

d'actions

Robert Manherz                                                  

Y                                                                                                  

2 800 000

Thom Skinner                                                      

Y                                                                                                        

40 000

Jonathan Carley                                                 

Y                                                                                                      

200 000

Evan Price                                                         

Y                                                                                                         

40 000

Jocelyn Proteau                                                  

Y                                                                                                         

18 400

Louis Fradette                                                   

Y                                                                                                         

40 000

Glenn Kelly                                                        

Y                                                                                                        

120 000

Souscriptions totale du Groupe



Pro [2 souscripteurs]                                          

P                                                                                                          

95 000



Frais aux agents :                                              

Euro Pacific Canada Inc. et Industrielle Alliance Valeurs mobilières inc. ont reçu



204 638 $ en espèces et des bons de courtier non-transférables permettant



de souscrire 633 500 unités au prix d'exercice de 0,25 $ par unité jusqu'au



5 juin 2018. Chaque unité est composée d'une action ordinaire et d'un bon



de souscription. Chaque bon de souscription sera exerçable afin de souscrire



une action ordinaire au prix d'exercice de 0,35 $ par action jusqu'au 5 juin 2018.

La société a confirmé la clôture du placement privé en vertu d'un communiqué de presse daté du 5 juin 2015.

______________________________________

CO2 SOLUTIONS INC. ("CST")
BULLETIN TYPE:  Halt
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Effective at 10:41 a.m. PST, June 22, 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.

________________________________________

CO2 SOLUTIONS INC. ("CST")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Effective at 12:15 p.m., PST, June 22, 2015, shares of the Company resumed trading, an announcement having been made.

________________________________________

CRITICAL ELEMENTS CORPORATION ("CRE")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement.

Number of Shares:                                    

2,610,000 common shares



Purchase Price:                                         

$0.23 per common share


Warrants:                                                  

1,305,000 warrants to purchase 1,305,000 common shares


Warrants Exercise Price:                           

$0.35 until June 16, 2017


Number of Placees:                                  

12 Placees


Insider / Pro Group Participation:              

Nil


Finders' fee:                                             

Jones, Gable & Company and Mackie Research Capital Limited collectively received $28,152 in cash and 122,400 non-transferable compensation options to purchase 122,400 common shares at an exercise price of $0.35 per share during a period of 24 months following the closing of the private placement.

The Company has announced the closing of the Private Placement via the issuance of press release dated June 16, 2015.

CORPORATION ELEMENTS CRITIQUES (« CRE »)
TYPE DE BULLETIN :  Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN :  Le 22 juin 2015
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 :                                    

2 610 000 actions ordinaires



Prix :                                                         

0,23 $ par action ordinaire



Bons de souscription :                               

1 305 000 bons de souscription permettant de souscrire à 1 305 000 actions ordinaires.


Prix d'exercice des bons :                         

0,35 $ jusqu'au 16 juin 2017


Nombre de souscripteur :                          

12 souscripteurs



Participation des initiés / Groupe Pro :      

aucun


Honoraires d'intermédiation :                     

Jones, Gable & Company et Mackie Research Capital Limited ont reçu collectivement 28 152 $ en espèces et 122 400 options de rémunération non-transférables permettant de souscrire 122 400 actions ordinaires au prix d'exercice de 0,35 $ l'action durant 24 mois suivant la clôture.

La société a annoncé la clôture du placement privé par voie de communiqué de presse daté du 16 juin  2015.

_____________________________________

ENERDYNAMIC HYBRID TECHNOLOGIES CORP. ("EHT")
BULLETIN TYPE:  Halt
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 1 Company

Effective at 6:29 a.m. PST, June 22, 2015, trading in the shares of the Company was halted pending clarification of 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.

________________________________________

ENERDYNAMIC HYBRID TECHNOLOGIES CORP. ("EHT")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 1 Company

Effective at 10:30 a.m., PST, June 22, 2015, shares of the Company resumed trading, an announcement having been made.

________________________________________

ENGAGEMENT LABS INC. ("EL")
BULLETIN TYPE:  Shares for Services
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 250,000 common shares in consideration of certain services provided to the company pursuant to an agreement dated January 8, 2014.

Number of Creditors:                                                     

1 creditor



Insider / Pro Group Participation:




Insider = Y /                                                                        

Number

Name                                                                            

Pro Group = P                                                                  

of Shares

Robert Dickson                                                             

Y                                                                                          

250,000

For more information, please refer to the Company's press release dated January 8, 2014.

LABORATOIRES ENGAGEMENT INC. (« EL »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 22 juin 2015
Société du groupe 2 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation de la société relativement à l'émission proposée de 250 000 actions ordinaires en considération de certains services fournis à la société en vertu d'une entente datée du 8 janvier 2014.

Nombre de créanciers :                                                 

1 créancier



Participation des initiés / Groupe Pro :


Initié = Y /                                                                       

Nombre

Nom                                                                              

Groupe Pro = P                                                           

d'actions

Robert Dickson                                                            

Y                                                                                       

250 000

Pour de plus amples renseignements, veuillez référer au communiqué de presse de la société daté du 8 janvier 2014.

_______________________________________

GROUPE BIKINI VILLAGE INC. ("GBV")
BULLETIN TYPE: Delist
BULLETIN DATE: June 22, 2015
TSX Venture Tier 2 Company

Further to the Company's news release dated March 31, 2015 and the material change report dated June 2, 2015 that is available on SEDAR, the common shares of Groupe Bikini Village Inc. (the "Company") will be delisted from TSX Venture Exchange effective at the close of business on Monday, June 22, 2015.

The delisting of the Company's common shares results from the completion of a creditors' proposal and corporate reorganization. On May 15, 2015, pursuant to a proposal in bankruptcy (the "Proposal") which was approved by the Company's creditors on May 14, 2015, the Company filed articles of amendment (the "Articles of Amendment") with Industry Canada and was issued a Certificate of Amendment on that same date. As a result, all outstanding common shares of the Company were re-designated as redeemable common shares. On May 28, 2015, Boutique La Vie en Rose Inc. ("LVER") subscribed for one common share in the capital of the Company for $1.00. In accordance with the Articles of Amendment and the Proposal, upon the issue of the common share to LVER, all outstanding redeemable common shares were redeemed by the Company for nil consideration. As a result, the Company is now a wholly-owned subsidiary of LVER.

GROUPE BIKINI VILLAGE INC. ("GBV")
TYPE DE BULLETIN : Radiation de la cote
DATE DU BULLETIN : Le 22 juin 2015
Société du groupe 2 de TSX Croissance

Suite au communiqué de presse de la société émis le 31 mars 2015 et la déclaration de changement important datée du 2 juin 2015 qui est disponible sur SEDAR, les actions ordinaires de Groupe Bikini Village inc. (la « société ») seront retirées de la cote de Bourse de croissance TSX à la fermeture des affaires le lundi 22 juin 2015.

La radiation de la cote des actions ordinaires de la société résulte de la réalisation d'une proposition aux créanciers et d'une réorganisation corporative. Le 15 mai 2015, la société a déposé des statuts de modification avec Industrie Canada et un certificat de modification fut émis en vertu d'une proposition concordataire (la « proposition ») qui fut approuvée par les créanciers de la société le 14 mai 2015. Par conséquent, toutes les actions ordinaires émises et en circulation de la société furent redésignées comme actions ordinaires rachetables. Le 28 mai 2015, Boutique La Vie en Rose Inc. ("LVER") a souscrit une action ordinaire de la société pour un dollar. Conformément aux statuts de modification et la proposition, lors de l'émission de l'action ordinaire à LVER, toutes les actions ordinaires rachetables furent rachetées par la société sans aucune contrepartie. Par conséquent, la société est maintenant une filiale à part entière de LVER.

_______________________________________

HAMILTON THORNE LTD. ("HTL")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 9, 2015:

Number of Shares:                                         

4,320,143 shares



Purchase Price:                                             

$0.35 per share



Warrants:                                                      

2,160,071 share purchase warrants to purchase 2,160,071 shares



Warrant Exercise Price:                                 

$0.45 for a fifteen month period



Number of Placees:                                       

17 Placees



Insider / Pro Group Participation:





Insider=Y /


Name                                                             

ProGroup=P                                                                            

# of Shares

Aggregate Pro Group



Involvement [2 Placees]                                 

P                                                                                                     

515,714

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.

________________________________________

HUNT MINING CORP. ("HMX")
BULLETIN TYPE:  Consolidation
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Pursuant to a resolution passed by board members on June 10, 2015, 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, Wednesday, June 24, 2015, the common shares of Hunt Mining Corp. will commence trading on TSX Venture Exchange on a consolidated basis.  The Company is classified as a 'Mining' company.

Post - Consolidation


Capitalization:                                             

Unlimited

shares with no par value of which

14,649,482

shares are issued and outstanding

Escrow                                                                 

Nil

shares




Transfer Agent:                                        

Computershare Trust Company of Canada       

Trading Symbol:                                       

HMX             


(UNCHANGED)

CUSIP Number:                                         

445645500

(NEW)

________________________________________

INTERTAINMENT MEDIA INC. ("INT")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 2, 2015:

Convertible Debenture:                     

$256,000


Conversion Price:                             

Convertible into common shares at $0.05 of principal outstanding per share until maturity


Maturity Date:                                   

January 24, 2016


Interest Rate:                                    

12%


Warrants:                                           

2,049,918 share purchase warrants to purchase 2,049,918 shares


Warrant Exercise Price:                     

$0.05 for a one year period


Number of Placees:                           

5 Placees

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.

________________________________________

NEVADA CLEAN MAGNESIUM INC. ("NVM")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Effective at 11:00 a.m., PST, June 22, 2015, shares of the Company resumed trading, an announcement having been made.

________________________________________

OROFINO MINERALS INC. ("ORR")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 15, 2015:

Number of Shares:                                         

000,000 shares



Purchase Price:                                              

$0.17 per share



Warrants:                                                       

8,000,000 share purchase warrants to purchase 8,000,000 shares



Warrant Exercise Price:                                 

$0.05 for a five year period



Number of Placees:                                       

17 Placees



Insider / Pro Group Participation:





Insider=Y /


Name                                                            

ProGroup=P                                                                                

# of Shares

Sonny Janda                                                 

Y                                                                                                          

475,000

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).

________________________________________

OTIS GOLD CORP. ("OOO")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 20, 2015:

Number of Shares:                                         

13,000,000 shares



Purchase Price:                                             

$0.05 per share



Warrants:                                                      

13,000,000 share purchase warrants to purchase 13,000,000 shares



Warrant Exercise Price:                                 

$0.15 for a two year period



Number of Placees:                                       

5 Placees



Insider / Pro Group Participation:


Insider=Y /


Name                                                             

ProGroup=P                                                                                     

# of Shares

Arbutus Grove Capital Corp.                          

Y                                                                                                           

1,000,000

________________________________________

PATIENT HOME MONITORING CORP. ("PHM")
BULLETIN TYPE:  Private Placement-Brokered
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced April 13, 2015:

Number of Shares:                                         

44,850,000 shares



Purchase Price:                                             

$1.50 per share



Warrants:                                                       

22,425,000 share purchase warrants to purchase 22,425,000 shares



Warrant Exercise Price:                                  

$1.80 for a three year period



Number of Placees:                                        

396 Placees



Insider / Pro Group Participation:





Insider=Y /


Name                                                              

ProGroup=P                                                                                     

# of Shares

Robbie Grossman                                           

Y                                                                                                                

22,000

Aggregate Pro Group



Involvement [2 Placees]                                  

P                                                                                                                

13,000



Agent's Fee:                                                   

An aggregate of $3,363,750 in cash and 1,794,000 broker warrants payable



to Mackie Research Capital Corporation, GMP Securities L.P. and Beacon



Securities Limited.  Each broker warrant entitles the holder to acquire one



common share at $1.50 for a three year period.

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.

For further details, please refer to the Company's news release dated May 4, 2015.

_________________________________________

SAN GOLD CORPORATION ("SGR")("SGR.DB")
BULLETIN TYPE:  Halt
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Effective at 11:32 a.m. PST, June 22, 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.

________________________________________

SPHINX RESOURCES LTD. ("SFX") 
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 100,000 common shares at a deemed price of $0.05 per share pursuant to a cooperation agreement between the Company and the Abitibiwinni first nation.

Number of Creditors:                             

1 creditor


Insider / Pro Group Participation:          

N/A

The Company announced that settlement of debt via news releases dated June 2 and 18, 2015.

RESSOURCES SPHINX LTÉE. (« SFX »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 22 juin 2015
Société du groupe 2 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de la documentation de la société relativement à l'émission proposée de 100 000 actions ordinaires au prix réputé de 0,05 $ l'action en vertu d'une entente de coopération entre la société et la première nation Abitibiwini.

Nombre de créanciers :                          

1 créancier


Initié / Participation Groupe Pro :            

S.O.

La société a annoncé ce règlement de dette dans les communiqués de presse datés des 2 et 18 juin 2015.

_______________________________________

TANGO MINING LIMITED ("TGV")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

Private Placement, Convertible Notes, Secured

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 19, 2015:

Convertible Notes:                                         

$525,000



Conversion Price:                                          

Convertible into common shares at $0.05 of principal outstanding.





Maturity date:                                                

One year from the date of issuance



Interest rate:                                                  

12% per annum



Number of Placees:                                       

7 Placees



Insider / Pro Group Participation:


Insider=Y /


Name                                                              

ProGroup=P                                                                                  

$ of Notes

Aggregate Pro Group



Involvement [3 Placees]                                  

P                                                                                                         

$75,000



Finder's Fee:                                                 

$6,000 payable to Haywood Securities Inc.

$10,500 payable to Merlin Partners LLP

Private Placement, Convertible Notes, Unsecured

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 19, 2015:

Convertible Notes:                                         

US$500,000



Conversion Price:                                          

Convertible into common shares at $0.05 of principal outstanding.





Maturity date:                                                

One year from the date of issuance



Interest rate:                                                 

12% per annum



Number of Placees:                                       

1 Placee



Insider / Pro Group Participation:


Insider=Y /


Name                                                             

ProGroup=P                                                                                      

$ of Notes

Aggregate Pro Group



Involvement [3 Placees]                                 

P                                                                                                               

$75,000



Finder's Fee:                                                 

US$30,000 payable to Merlin Partners LLP

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.

________________________________________

VIRGINIA HILLS OIL CORP. ("VHO")
BULLETIN TYPE:  Miscellaneous 
BULLETIN DATE:  June 22, 2015
TSX Venture Tier 2 Company

TSX Venture Exchange (the "Exchange") has accepted for filing documentation pursuant to an Amended Agreement effective January 26, 2015 and a Second Amending Agreement (collectively, the "Arrangement Agreement") involving Cardinal Energy Ltd., Virginia Hills Oil Corp. (the "Company"), Pinecrest Energy Inc. ("Pinecrest") and shareholders of Pinecrest whereby the Company acquired approximately 90% of the oil and gas assets previously owned and operated by Pinecrest have been transferred to the Company and all of the outstanding shares of Pinecrest ("Pinecrest Shares") have been sold to Cardinal together with certain assets for aggregate consideration of $23.5 million.

Former Pinecrest shareholders were each granted rights (each an "Arrangement Right") by the Company to purchase Shares .  Each Arrangement Right entitled the holder thereof to purchase one Share at a price of $0.25 up to May 15, 2015.  A total of 3,412,175 Arrangement Rights were exercised as at May 15, 2015 for gross proceeds of $0.9 million

________________________________________

SOURCE TSX Venture Exchange

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TSX Venture Exchange