TSX Venture Exchange Daily Bulletins
Sep 30, 2015, 18:44 ET
VANCOUVER, Sept. 30, 2015 /CNW/ -
TSX VENTURE COMPANIES
AZINCOURT URANIUM INC. ("AAZ")
BULLETIN TYPE: Consolidation
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by directors on September 21, 2015, the Company has consolidated its capital on a (2) two old for (1) one new basis. The name of the Company has not been changed.
Effective at the opening on Thursday, October 1, 2015, the common shares of Azincourt Uranium 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 |
|
| 6,455,010 |
shares are issued and outstanding |
||
| Escrow |
Nil |
shares |
|
| Transfer Agent: |
Equity Financial Trust Company |
||
| Trading Symbol: |
AAZ |
(UNCHANGED) |
|
| CUSIP Number: |
05478R300 |
(NEW) |
|
________________________________________
BITTERROOT RESOURCES LTD. ("BTT")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Consolidation, Private Placement and Shares for Debt, Amendment
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange (the "Exchange") bulletin of September 28, 2015, the terms of the disposition are as follows:
Disposition
The Exchange has accepted documentation in connection with agreements between Bitterroot Resources Ltd. and certain of its subsidiaries (collectively "Bitterroot") and certain subsidiaries of Altius Minerals Corporation (TSX:ALS) (collectively, "Altius"), pursuant to which Altius will finance future mineral exploration on Bitterroot's Voyageur Lands and Copper Range Lands in the Upper Peninsula of Michigan (the "Properties"). Altius will pay C$400,000 to Bitterroot and will commit to fund C$600,000 of exploration expenditures on the Properties within one year of the closing date of the Transaction (the "Closing Date"). Bitterroot will manage the Year 1 exploration program. In consideration for the foregoing payments and exploration expenditures, Altius will receive a 50.1% interest in the Properties, plus 4,051,514 common shares of Bitterroot, to be issued after Bitterroot completes a 10:1 share consolidation.
Altius will also have the right to acquire an additional 19.9% interest in the Properties by completing C$2.5 million in exploration spending on the Properties by the 6th anniversary of the Closing Date, plus the right to acquire an additional 10% interest in the Properties by completing exploration spending of a further C$5 million, or completing an NI 43-101 compliant pre-feasibility study on a mineral resource on the Properties, by the 10th anniversary of the Closing Date. Bitterroot will also grant to Altius a 2% net smelter returns (NSR) royalty on the Voyageur Lands (covering approximately 250 square miles of mineral rights) and will also assign to Altius its right to purchase a 1% NSR held by a third party on the Copper Range Lands.
Shares for Debt
Further to the Exchange's bulletin of September 28, 2015 in respect of the issuance of 3,077,022 post-consolidation shares at $0.10 per share to settle outstanding debt, Barbara Carr is clarified as a "non-arm's length" party, not an Insider of the Company.
________________________________________
BOULEVARD INDUSTRIAL REAL ESTATE INVESTMENT ("BVD.UN")("BVD.DB")
BULLETIN TYPE: Halt
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, September 30, 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.
________________________________________
CARDIOCOMM SOLUTIONS, INC. ("EKG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 21, 2015:
| Number of Shares: |
1,818,182 shares |
|
| Purchase Price: |
$0.055 per share |
|
| Warrants: |
1,818,182 share purchase warrants to purchase 1,818,182 shares |
|
| Warrant Exercise Price: |
$0.10 for a two year period |
|
| Number of Placees: |
6 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Group Consultants Inc. |
||
| (Etienne Grima) |
Y |
396,364 |
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. 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.
________________________________________
CERF INCORPORATED ("CFL")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: September 30, 2015
TSX Venture Tier 1 Company
The Issuer has declared the following dividend:
| Dividend per Common Share: |
$0.02 |
| Payable Date: |
October 15, 2015 |
| Record Date: |
October 8, 2015 |
| Ex-dividend Date: |
October 6, 2015 |
________________________________________
INSPIRA FINANCIAL INC. ("LND") ("LND.DB")
BULLETIN TYPE: New Listing-Debentures
BULLETIN DATE: September 30, 2015
TSX Venture Tier 1 Company
Effective at the opening, Thursday, October 1, 2015, the "4% Non-Convertible Unsecured Senior Debentures" (the "Debentures") of Inspira Financial Inc. (the "Company") will commence trading on TSX Venture Exchange.
The Company is classified as a "Non-Depository Credit Intermediation" company (NAICS Number: 52229).
The Debentures were initially issued on April 30, May 1 and May 4, 2015, pursuant to a private placement. Pursuant to a debenture indenture dated September 23, 2015 (the "Debenture Indenture"), Computershare Trust Company of Canada (the "Trustee") has been retained as Trustee. A letter of transmittal was mailed to holders of the Debentures on September 28, 2015 to exchange their existing debenture certificates for replacement debenture certificates subject to the Debenture Indenture.
| Corporate Jurisdiction: |
British Columbia |
| Debentures: |
|
| Capitalization: |
Limited Debenture of which $2,228,750 amount are issued and outstanding |
| Transfer Agent: |
Computershare Trust Company of Canada |
| Trading Symbol: |
LND.DB |
| CUSIP Number: |
45781JAA6 |
The Debentures will be quoted and traded on an accrued interest basis, i.e. all bids, offers and trades of the Debentures will reflect only the capital portion of the Debentures and will not reflect accrued interest. Accrued interest must be reflected in the seller's and buyer's settlement amount, and must be reflected on the confirmation with clients.
The Debentures subject to the Debenture Indenture are issued in denominations of $250, however such Debentures will trade on the TSX Venture Exchange in a board lot of $1,000 (e.g. one board lot of $1,000 represents 4 debentures of $250). Consequently, the Debentures will be quoted based on $100 principal amounts with all trades being made in multiples of $1,000. For example, an order to buy $5,000 principal amount will be given as an order to buy 5,000. An order to sell $20,000 principal amount will be shown as an order to sell 20,000. An order for 1,500, for example, is not acceptable since all trades must be made in multiples of $1,000. The minimum trading unit of Debentures is $1,000 and a board lot of Debentures is $1,000.
Details of the Debentures:
| Maturity Date: |
The Debentures subject to the Debenture Indenture become due on May 4, 2018. |
| Redemption: |
At any time prior to maturity, the Debentures may be redeemed by the Company in whole or in part from time to time, on not more than 60 days nor less than 30 days prior notice, at a redemption price equal to 100% of their principal amount plus accrued and unpaid interest. |
| Interest: |
The Debentures will bear interest at the rate of 4% per annum, payable quarterly in arrears, payable in arrears in equal quarterly payments on March 31, June 30, September 30 and December 31 in each year. The June 30, 2015 and September 30, 2015 interest payments will be paid directly by the Company to the holder of Debentures. The Trustee will make all subsequent interest payments for original debentures that are exchanged for replacement debentures subject to the Debenture Indenture (those not returned will continue receiving interest directly from the Company). The first payment covered by the Debenture Indenture will cover the period from October 1, 2015 to December 31, 2015. |
| Seniority: |
The interest payments to the holders of the Debentures is senior in right of payment to all other indebtedness of the Company outstanding on May 4, 2015, provided that for greater certainty, the Company shall be permitted to make, and the holder of the Debentures shall be entitled to receive, payment of principal and interest in accordance with the terms of the Debentures. |
| Subordination: |
The payment of principal and interest on the Debentures is subordinated in right of payment to the extent set forth in the trust indenture governing the Debentures to the prior payment in full of all existing and future senior indebtedness of the Company. |
| Conversion: |
N/A |
| Day Count Type: |
365 |
| Coupon Dates: |
March 31, June 30, September 30 and December 31. |
| Clearing and Settlement: |
The Debentures will clear and settle through CDS. |
| 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 news release dated September 29, 2015.
________________________________________
KGIC INC. ("LRN")
[formerly Loyalist Group Limited ("LOY")]
BULLETIN TYPE: Name Change
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders September 10, 2015, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening on Thursday, October 1, 2015, the common shares of KGIC Inc. will commence trading on TSX Venture Exchange, and the common shares of Loyalist Group Limited will be delisted. The Company is classified as an 'Educational Services' company.
| Capitalization: |
Unlimited |
shares with no par value of which |
|
| 179,169,923 |
shares are issued and outstanding |
||
| Escrow: |
Nil |
shares |
|
| Transfer Agent: |
TMX Equity Transfer Services |
||
| Trading Symbol: |
LRN |
(NEW) |
|
| CUSIP Number: |
48190B104 |
(NEW) |
|
________________________________________
LOS ANDES COPPER LTD. ("LA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 660,827 shares to settle outstanding debt for $145,382.
| Number of Creditors: |
5 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Zeitler Holdings Corp. |
||||
| (Klaus Zeitler) |
Y |
$85,050 |
$0.22 |
386,592 |
| Paul Miquel |
Y |
$13,833 |
$0.22 |
62,877 |
| Francis O'Kelly |
Y |
$15,333 |
$0.22 |
69,695 |
| Gonzalo Delaveau |
Y |
$15,833 |
$0.22 |
71,968 |
| Francisco Covarrubias |
Y |
$15,333 |
$0.22 |
69,695 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
MONTAN MINING CORP. ("MNY")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced June 11, 2015:
| Number of Shares: |
2,947,778 shares |
|
| Purchase Price: |
$0.18 per share |
|
| Warrants: |
1,473,889 share purchase warrants to purchase 1,473,889 shares |
|
| Warrant Initial Exercise Price: |
$0.25 |
|
| Warrant Term to Expiry: |
2 Years |
|
| Number of Placees: |
14 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
Pro-Group=P |
# of Shares |
| Michel Robert |
Y |
280,000 |
| Agent's Fee: |
||
| Secutor Capital Management |
||
| Corporation |
45,850 warrants |
|
| Marquest Capital Markets |
$19,006.00 cash, 45,850 warrants |
|
| Agent Warrant Initial Exercise Price: |
$0.18 |
|
| Agent Warrant Term to Expiry: |
Exercisable until July 6, 2017 |
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.
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.
________________________________________
QUIA RESOURCES INC. ("QIA")
BULLETIN TYPE: Delist
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
Effective at the closing on Wednesday, September 30, 2015, the common shares will be delisted from TSX Venture Exchange at the request of the company.
________________________________________
RACKLA METALS INC. ("RAK")
BULLETIN TYPE: Consolidation
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
Pursuant to a resolution passed December 20, 2012, the Company has consolidated its capital on a 5 (five) old for 1 (one) new basis. The name of the Company has not been changed.
Effective at the opening on Thursday, October 1, 2015, the common shares of Rackla Metals Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Resource' company.
| Post - Consolidation |
|||
| Capitalization: |
Unlimited |
shares with no par value of which |
|
| 10,098,848 |
shares are issued and outstanding |
||
| Escrow |
Nil |
shares |
|
| Transfer Agent: |
Computershare |
||
| Trading Symbol: |
RAK |
(UNCHANGED) |
|
| CUSIP Number: |
750080202 |
(NEW) |
|
________________________________________
SCOZINC MINING LTD. ("SZM")
[formerly Selwyn Resources Ltd. ("SWN")]
BULLETIN TYPE: Name Change
BULLETIN DATE: September 30, 2015
TSX Venture Tier 1 Company
Pursuant to a resolution passed by shareholders on June 23, 2015, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening on Thursday, October 1, 2015, the common shares of ScoZinc Mining Ltd. will commence trading on TSX Venture Exchange, and the common shares of Selwyn Resources Ltd. will be delisted. The Company is classified as a 'Junior Natural Resource - Mining' company.
| Capitalization: |
Unlimited |
common shares with no par value of which |
|
| 3,941,046 |
shares are issued and outstanding |
||
| Escrow: |
Nil |
shares |
|
| Transfer Agent: |
Computershare Trust Company of Canada |
||
| Trading Symbol: |
SZM |
(NEW) |
|
| CUSIP Number: |
810647 10 7 |
(NEW) |
|
________________________________________
SOUTHERN ARC MINERALS INC. ("SA")
BULLETIN TYPE: Consolidation
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
Pursuant to a director's resolution passed on September 9, 2015, 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 on October 1, 2015, the shares of Southern Arc Minerals Inc. 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 |
|
| 10,921,449 |
shares are issued and outstanding |
||
| Escrow |
Nil |
shares |
|
| Transfer Agent: |
Computershare Trust Company of Canada |
||
| Trading Symbol: |
SA |
(UNCHANGED) |
|
| CUSIP Number: |
842200 30 5 |
(NEW) |
|
________________________________________
TRANSATLANTIC MINING CORP. ("TCO")
BULLETIN TYPE: Shares for Debt, Remain Halted
BULLETIN DATE: September 30, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 32,007,370 shares to settle outstanding debt for $3,200,737.
| Number of Creditors: |
30 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Steve Hodgson |
Y |
$228,650 |
$0.10 |
2,286,500 |
| Robert Tisdale |
Y |
$57,694 |
$0.10 |
576,940 |
| Bernie Sostak |
Y |
$216,877.50 |
$0.10 |
2,168,775 |
This debt settlement relates to the advancement of private placement funds as disclosed by the Company's news releases dated December 29, 2014 and July 21, 2015.
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
NEX COMPANIES
ZINCORE METALS INC. ("ZNC.H")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: September 30, 2015
NEX Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 905,520 shares to settle outstanding debt for $45,276.02.
| Number of Creditors: |
2 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Adam Ho |
Y |
$3,150 |
$0.05 |
63,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
SOURCE TSX Venture Exchange
For further information: Market Information Services at 1-888-873-8392, or email: [email protected]