TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: November 27, 2009
TSX Venture Tier 2 Company
A Cease Trade Order has been issued by the British Columbia Securities
Commission on November 27, 2009, against the following Company for failing to
file the documents indicated below:
Symbol Company Failure to File
("GTC") Getty Copper Inc. Technical Report
Upon revocation of the Cease Trade Order, the Company's shares will remain
suspended until the Company meets TSX Venture Exchange requirements. Members
are prohibited from trading in the securities of the company during the period
of the suspension or until further notice.
TSX-X
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ABBASTAR RESOURCES CORP. ("ABA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced November 4, 2009 and November 27,
2009:
Number of Shares: 1,000,332 flow-through shares
Purchase Price: $0.30 per share
Number of Placees: 9 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Barry Allan P 166,667
Scott Cathcart P 83,333
Aubrey Eveleigh Y 83,333
John Eymann P 85,000
Matthew Skipp P 166,666
Finder's Fee: Research Capital Corporation will receive a fee
of $9,975.00.
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.
TSX-X
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ABODE MORTGAGE HOLDINGS CORP. ("ABD")
BULLETIN TYPE: Halt
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
Effective at the opening, November 30, 2009, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
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.
TSX-X
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ABODE MORTGAGE HOLDINGS CORP. ("ABD")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
Effective at 8:30 a.m. PST, November 30, 2009, shares of the Company
resumed trading, an announcement having been made over Marketwire.
TSX-X
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ALDERON RESOURCE CORP. ("ALD")
BULLETIN TYPE: Halt
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
Effective at the opening, November 30, 2009, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
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.
TSX-X
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AMATO EXPLORATION LTD. ("AMT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche a Non-Brokered Private Placement announced October 20, 2009:
Number of Shares: 1,775,000 shares
Purchase Price: $0.50 per share
Warrants: 887,500 share purchase warrants to purchase
887,500 shares
Warrant Exercise Price: $0.75 for a two year period. The warrants are
subject to an accelerated exercise provision in
the event the Company's shares trade at the
greater of $1.00 for 20 consecutive trading
days.
Number of Placees: 38 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Martin Stoyko P 5,000
Douglas Hawkes P 10,000
Sarasin Capital LP
(Michael Sheridan) P 200,000
Finder's Fee: Wolverton Securities Ltd. will receive an 8%
cash commission of $71,000, a Corporate Finance
Fee of $20,000 plus GST and 8% payable in
142,000 Agent's Options that are exercisable
into units at $0.50 per unit. The underlying
units have the same terms as the offering.
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.
TSX-X
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CABO DRILLING CORP. ("CBE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced November 2, 2009 and November 12,
2009:
Number of Shares: 7,273,333 shares
Purchase Price: $0.12 per share
Warrants: 3,636,667 share purchase warrants to purchase
3,636,667 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 28 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Guido E. Pas P 210,000
John A. Versfelt Y 94,500
Thomas Oliver Y 208,500
Robin J. Preston Y 167,000
D. Alex Caldwell Y 30,000
Calvin Lucyshyn Y 45,000
Michael Seager P 25,000
Finder's Fee: An aggregate of $52,564 and 438,033 broker
warrants payable to Loeb Aron & Company Ltd. and
Varela Consulting Group S.A. Each broker warrant
is exercisable into one common share and one
common share purchase warrant at a price of
$0.12 for a two year period. Each warrant is
further exercisable into one common share at a
price of $0.15 for a period of two years.
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.
TSX-X
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CANALASKA URANIUM LTD. ("CVV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Non-Brokered Private Placement announced November 17,
2009:
Number of Shares: 2,380,000 flow-through shares
Purchase Price: $0.21 per share
Warrants: 1,190,000 share purchase warrants to purchase
1,190,000 shares
Warrant Exercise Price: $0.28 for an 18-month period
Number of Placees: 1 placee
Finder's Fee: Sandfire Securities Inc. will receive a 5% cash
finder's fee of $24,990.00 and 5% payable in
119,000 Warrants that are exercisable into
common shares at $0.28 per share for an 18-month
period.
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.
TSX-X
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ENCANTO POTASH CORP. ("EPO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced November 10, 2009:
Number of Shares: 4,761,910 shares
Purchase Price: $0.21 per share
Warrants: 2,380,954 share purchase warrants to purchase
2,380,954 shares
Warrant Exercise Price: $0.35 for a two year period
Number of Placees: 27 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Paul DiPasquale P 100,000
Peter Brown P 476,190
Gordon Keep Y 250,000
Tyler Cran Y 250,000
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. 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.
TSX-X
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ERIN VENTURES INC. ("EV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 22, 2009:
Number of Shares: 6,000,000 shares
Purchase Price: $0.05 per unit
Warrants: 6,000,000 share purchase warrants to purchase
6,000,000 shares
Warrant Exercise Price: $0.10 for a one year period
$0.20 in the second year
Number of Placees: 27 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Units
CAT Brokerage AG
(M. Berchtold) P 500,000
Mo Fazil P 250,000
Blair Fallis Y 420,000
Ray Martin P 100,000
Finder's Fee: Research Capital Corporation - $2,062.50 cash
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.
TSX-X
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FANCAMP EXPLORATION LTD. ("FNC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced November 26, 2009:
Number of Shares: 900,000 shares
Purchase Price: $0.50 per share
Warrants: 450,000 share purchase warrants to purchase
450,000 shares
Warrant Exercise Price: $0.75 for a two year period
Number of Placees: 6 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Peter H. Smith Y 50,000
Finder's Fee: $42,500 cash payable to Raymond James Ltd.
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.
TSX-X
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INTERNATIONAL TOWER HILL MINES LTD. ("ITH")
BULLETIN TYPE: Graduation
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised that the Company's shares will be
listed and commence trading on the Toronto Stock Exchange at the opening on
Tuesday, December 1, 2009, under the symbol "ITH".
As a result of this Graduation, there will be no further trading under the
symbol "ITH" on TSX Venture Exchange after Monday, November 30, 2009, and its
shares will be delisted from TSX Venture Exchange at the commencement of
trading on Toronto Stock Exchange.
TSX-X
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KIRRIN RESOURCES INC. ("KYM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced September 9, 2009:
Number of Shares: 2,060,000 shares
Purchase Price: $0.10 per unit
Warrants: 1,030,000 share purchase warrants to purchase
1,030,000 shares
Warrant Exercise Price: $0.15 for a one year period
$0.20 in the second year
Number of Placees: 17 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Units
Pinetree Resource
Partnership Y 500,000
Annie Chan P 50,000
Finder's Fee: First Canadian Place - $7,940 cash and 103,000
Agent's Options
Canaccord Capital Corporation
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.
TSX-X
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MANDALAY RESOURCES CORPORATION ("MND")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private
Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to
an Amended and Restated Share Purchase Agreement between Mandalay Resources
Corporation (the "Company") and Cambrian Mining Limited ("Cambrian"), whereby
the Company has purchased all of the issued and outstanding shares of AGD
Mining Pty Ltd., an Australian Corporation from Cambrian. In partial
consideration, the Company will issue to Cambrian the following:
1. 44,000,000 Mandalay Shares;
2. Series 1 Warrants to purchase 20,000,000 Mandalay Shares at a price
of $0.31 per Mandalay Share; and
3. Series 2 Warrants to purchase 20,000,000 Mandalay Shares at a price
of $0.465 per Mandalay Share.
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
Cambrian Mining
Limited Y 44,000,000
The following are Insiders of Cambrian:
- Western Coal Corp.
- John Byrne
- John Conlon
- Gordon Watts
- Ann Cederholm
- Marcelin O'Neill
- John Brodie
- Robert Chase
- John Hogg
- Charles Pitcher
- Julian Treger
- Dan Stickel
- Craig Dirk
- Braam Jonker
- William Burton
- Robert Bays
- Greg Jones
- Kathleen Pomeroy
TSX Venture Exchange has accepted for filing documentation with respect to
the second and final tranche of a Non-Brokered Private Placement announced
September 24, 2009 and amended November 3, 2009:
Number of Shares: 24,400,000 shares
Purchase Price: $0.25 per share
Warrants: 24,400,000 share purchase warrants to purchase
24,400,000 shares
Warrant Exercise Price: $0.465 for a five year period
Number of Placees: 49 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
1662287 Ontario Inc.
(John Conlon) Y 1,600,000
Marcelin O'Neill Y 240,000
Log II Systems Inc.
(Gordon Watts) Y 100,000
Cat Brokerage AG P 260,000
Dana Gilman P 400,000
Dennis Bleifuss P 10,000
Elina Ayzenberg P 12,000
John Hogg Y 100,000
Robert Chase Y 100,000
Charles Pitcher Y 100,000
A.H. Jonker & M.D.E.
Jonker Y 200,000
Kings Chapel
International Limited
(Julian Tregger) Y 3,000,000
Plinian Capital Ltd.
(Bradford A. Mills) Y 4,000,000
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.
TSX-X
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MICROPLANET TECHNOLOGY CORP. ("MP")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: November 30, 2009
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 2, 2009:
Convertible Debenture: $2,737,000
Conversion Price: Convertible into common shares at a price of
$0.17 per share
Maturity date: Two years from the date of issuance
Interest rate: 12% per annum payable semi-annually in arrears
Number of Placees: 12 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ Principal Amount
Calafate Holdings Ltd.
(Myron Tetrault) Y $125,000
Brett Ironside Y $375,000
Brett Ironside Family
Trust Y $175,000
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).
TSX-X
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NEXTRACTION ENERGY CORP. ("NE")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Amendment Bulletin dated November 26, 2009
the Company has advised that the following name disclosed under Insider/Pro
Participation is corrected, all other information remains unchanged:
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
Scott Astle P 10,000
TSX-X
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QHR TECHNOLOGIES INC. ("QHR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation
pertaining to a Asset Purchase Agreement dated November 17, 2009, and made
effective July 2, 2009, between QHR Technologies Inc. (the 'Company'), its
proposed wholly-owned subsidiary, Cloudwerx Data Solutions Inc. and SEBO
Systems Inc.,('SEBO'), its parent company Cedarbridge Holdings Ltd. (Sean
Renwick, Bob Kitella), pursuant to which the Company is acquiring from SEBO
hardware to provide data hosting and data storage services to the healthcare
market. In consideration, the Company will issue 700,000 shares.
TSX-X
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RADIANT ENERGY CORPORATION ("RDT")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
The TSX Venture Exchange (the "Exchange") has accepted for filing loan
documentation dated November 30, 2009, between Radiant Energy Corporation (the
"Company") and Hara Enterprises and 954740 Ontario Ltd. (collectively, the
"Lenders"), pursuant to which the Lenders have provided a loan $374,000 (the
"Loan"). The Loan has a term of two years with interest of 12% per annum.
Additionally, the Exchange has accepted for filing the Company's proposal
to issue bonus shares to the following insiders in connection with the Loan:
Shares
Hara Enterprises Limited (Gregory O'Hara) 748,000
954740 Ontario Ltd. (John Marsh) 748,000
TSX-X
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ROCMEC MINING INC. ("RMI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to
a Purchase Agreement (the "Agreement") between the Company and ("the Vendors")
dated November 3, 2009, whereby the Company is set to acquire 100% of the
Vendor's interests in 99 claims located in the Desserat Township, in the
region of Abitibi-Témiscamingue, in the Province of Québec.
The Company is required to pay $500,000 in cash and issue a total of
12,000,000 shares with the first year of the Agreement, as well as carry-out
$500,000 in exploration work, also within the first year of signing the
Agreement.
The Vendor shall retain a 2% Net Smelter Royalty in the property, which
may be re-purchased for the amount of $2,000,000.
For further information, please refer to the Company's press release dated
November 25, 2009.
CORPORATION MINIÈRE ROCMEC INC. ("RMI")
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 30 novembre 2009
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une
convention ("l'entente") d'achat entre la société et ("les vendeurs") datée du
3 novembre 2009, selon laquelle la société acquerra 100 % de l'intérêt du
vendeur dans 99 claims situés dans le canton de Desserat, dans la région
d'Abitibi-Témiscamingue, dans la province de Québec.
La société doit payer 500 000 $ en espèces et émettre un total de 12 000
000 d'actions dès la première année de l'entente ainsi qu'effectuer 500 000 $
en travaux d'exploration, aussi pendant la première année suivant la signature
de l'entente.
Le vendeur conservera une royauté de 2 % du produit net de la vente des
métaux qui est rachetable par le paiement d'une somme de 2 000 000 $.
Pour plus d'information, veuillez vous référer au communiqué de presse
émis par la société le 25 novembre 2009.
TSX-X
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SHEAR MINERALS LTD. ("SRM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to the
Napajut Lake Gold-Diamond Project Agreement (the "Agreement") between Shear
Minerals Ltd. (the "Company") and Exploratus Ltd. ("Exploratus") dated
November 18, 2009 wherein the Company will earn the option to acquire up to a
50% interest in all mineral rights and up to a 90% interest in the diamond
only rights to the Napajut Lake property of Nunavut (the "Property"). In
consideration, the Company will issue 3,000,000 common shares at $0.10 per
share to Exploratus and will acquire 50% interest in all mineral rights after
incurring $1,600,000 on development of the Property on or before August 31,
2010. The Company will acquire an additional 40% diamond rights after
incurring $2,000,000 on development on the Property on or before August 31,
2016. The Property is subject to a 2.5% NSR payable to Phelps Dodge
Corporation of Canada.
This transaction was announced in the Company's press release dated
November 18, 2009.
TSX-X
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SONIC TECHNOLOGY SOLUTIONS INC. ("SNV")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection
with an Asset Purchase Agreement between the Company and Energy Invest Group
Inc. ("EIG"), pursuant to which the Company has disposed of its Terra-Kleen
soil remediation system located in Ontario along with certain U.S. patents
related to the use of this system.
The purchase price payable by EIG is $1,500,000.
EIG is an Insider of the Company.
TSX-X
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STELLAR PACIFIC VENTURES INC. ("SPX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an
Option Agreement dated November 18, 2009 between the Company and
Multi-Ressources Boreal (the "Optionor". Frank Guillemette) whereby the
Company may acquire a 100% interest in the Monster Lake property comprises 78
mining claims and cells covering an area of 2,446 hectares in the Rale
township, in the Chibougamau mining camp located 50km south of the town of
Chibougamau, Quebec.
The consideration payable to the Optionor is $125,000 cash; the issuance
of 750,000 common shares of the Company and $500,000 in exploration
expenditures payable over a two year period.
For further information, please refer to the Company's news release dated
October 21, 2009.
TSX-X
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TOWER ENERGY LTD. ("TWR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced September 30, 2009:
Number of Shares: 25,000,000 shares
Purchase Price: $0.02 per share
Warrants: 25,000,000 share purchase warrants to purchase
25,000,000 shares
Warrant Exercise Price: $0.05 for a one year period
$0.10 in the second through fifth years
Number of Placees: 6 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
677185 BC Ltd.
(S. Vanry & R.K.
Vanry) Y 7,083,334
Dominion Employee
Benefit Trustees
(David Treadwell) Y 8,333,333
0845557 BC Ltd.
(M. Vanry &
C. Vaughn) Y 5,033,333
Mark Vanry Y 1,750,000
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.
TSX-X
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VAULT MINERALS INC. ("VMI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 30, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced November 23, 2009:
Number of Shares: 1,000,000 flow through shares
1,000,000 non flow through shares
Purchase Price: $0.30 per flow through share
$0.25 per non flow through share
Warrants: 500,000 share purchase warrants to purchase
500,000 shares
Warrant Exercise Price: $0.35 for a two year period
Number of Placees: 2 placees
Finder's Fee: $38,500, plus 140,000 compensation warrants
(each exercisable into one common share at a
price of $0.25 for a 24 month period) payable to
Primary Capital 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.
TSX-X
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For further information: Market Information Services at 1-888-873-8392, or email: [email protected]
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