VANCOUVER, April 20 /CNW/ -
TSX VENTURE COMPANIES
AFRICAN AURA MINING INC. ("AUR")
BULLETIN TYPE: Halt
BULLETIN DATE: April 20, 2010
TSX Venture Tier 1 Company
Effective at the opening, April 20, 2010, 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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BAYSWATER URANIUM CORPORATION ("BYU")
BULLETIN TYPE: Correction
BULLETIN DATE: April 20, 2010
TSX Venture Tier 1 Company
CORRECTION:
Further to the TSX Venture Exchange Halt & Resume Bulletins dated March 2,
2010, March 3, 2010, April 7, 2010 and April 8, 2010, the Bulletins should
have noted that it's a Tier 1 Company not a Tier 2 Company.
TSX-X
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BAYSWATER URANIUM CORPORATION ("BYU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private
Placement-Non-Brokered
BULLETIN DATE: April 20, 2010
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. has accepted for filing documentation in
connection with a Second Amended and Restated Purchase Agreement (the
"Agreement") dated January 6, 2010 among Bayswater Uranium Corporation's (the
"Company") wholly-owned subsidiary NCA Nuclear Inc., Strathmore Resources (US)
Ltd., ("Strathmore"), a wholly-owned subsidiary of Strathmore Minerals Inc.,
and American Uranium Corporation ("American") regarding the acquisition of all
of the membership interest of AUC LLC and the sale of all assets relating to
the Reno Creek Uranium Property held by Strathmore and a Purchase Agreement
dated August 20, 2009, as amended December 7, 2009 and January 6, 2010,
between the Company and American relating to the consent to the termination of
certain option agreements pursuant to which American has rights to the Reno
Creek Uranium Property and the sale of related assets held by American to the
Company.
Pursuant to the terms of the Agreement the Company has acquired a 100%
membership interest in AUC LLC, the private Delaware company holding or
required to hold a 100% interest in and to the Reno Creek Uranium Property,
located in Wyoming. The Company has acquired a 100% interest in the Property
in consideration of an aggregate payment of US$20 million to Strathmore of
which US$ 17.5 million was paid in cash and US $2.5 million was paid through
the issuance of common shares of the Company. The Company has granted to
Strathmore a 5% gross production royalty, which can be repurchased in whole or
in part at any time for US $2 million (US $1 million cash and US $1 million in
common shares) per 1% royalty reduction. A nonrefundable deposit of US$250,000
in cash was previously paid to Strathmore in conjunction with the signing of
the August 20, 2009 letter of intent, which was credited against the US$20
million purchase price, and a further US$250,000 non-refundable deposit, for
an aggregate deposit of US$500,000, was paid to Strathmore, and further
credited against the purchase price.
For further information see the Company's news releases dated August 24,
2009, December 9, 2009 and January 6, 2010 and April 7, 2010 which are
available under the Company's profile on SEDAR.
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to
Non-Brokered Private Placements announced March 3, 2010:
Unit Offering
Number of Shares: 608,663 shares
Purchase Price: $0.55 per share
Warrants: 304,332 share purchase warrants to purchase
304,332 shares
Warrant Exercise Price: $0.75 for a two year period
Number of Placees: 14 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
0746299 B.C. Ltd.
(Mark Gelmon) Y 15,000
Victor Tanaka Y 181,818
James H. Viellenave Y 72,727
Investment into Subsidiary ("Newco"):
Principal amount: US$20,000,000
Conversion terms: Convertible up to 35,000,000 Newco shares
(assuming a US/CDN exchange rate of 1.05) that
are exchangeable into the Company's shares
pursuant to the prescribed formula as set out in
Option "A" and Option "B" that was disclosed in
the Company's news release dated March 3, 2010.
Maturity Date: Up to five years
Number of Placees: 3 Funds
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Pacific Road Resources
Funds: Y US$20,000,000
i) Pacific Road Capital A Pty Ltd. as Trustee for Pacific Road
Resources Fund A;
ii) Pacific Road Capital B Pty Ltd. as Trustee for Pacific Road
Resources Fund B; and
iii) Pacific Road Holdings NV
Shareholder approval will be sought for this private placement for the
approval of the Pacific Road Funds to become a Control Person of the Company
as a result of, among other things, on exchange of Newco shares into shares of
the Company, the use of pre-emptive rights granted to Pacific Road,
subscriptions for securities from the Company or market purchases. The Newco
shares are subject to a call right in the event within six months of the
Closing Date shareholder approval has not been obtained.
Finder's Fee: Ricardo Campoy - 5% cash fee of $1,000,000, of
which $100,000 is payable upon closing and the
balance payable on or before December 1, 2010.
Administration Fee: Pacific Road Capital Management Pty Limited -
3.5% cash fee in the amount of $700,000.
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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BELLHAVEN COPPER & GOLD INC. ("BHV")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Further to the Company's news release dated March 15, 2010, TSX Venture
Exchange has accepted for filing documentation with respect to the amendment
to convertible secured debentures dated October 29, 2008 that were issued by
the Company to two holders in the principal amount of $1,044,305.31. The
debentures now provide for an additional limited time conversion option of
$0.15 per unit to April 29, 2010. Each unit is comprised of one common share
and one share purchase warrant that is exercisable into common shares at $0.25
per share for a two year period. By exercising the Additional Conversion
Feature, the holders have agreed to waive their right to the accrued interest
and the 5% extension fee.
TSX-X
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BROWNSTONE VENTURES INC. ("BWN")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced March 22, 2010:
Number of Shares: 20,000,000 shares
Purchase Price: $0.55 per share
Warrants: 9,999,998 share purchase warrants to purchase
9,999,998 shares
Warrant Exercise Price: $0.75 for a two year period
Number of Placees: 134 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Harris Watson P 25,000
Jonathan Schroeder Y 91,000
Marie McFarlane P 50,000
Ross K. Colquhoun P 100,000
Nadia Iskander P 10,000
Olia Dallimore P 50,000
Pinetree Resource
Partnership Y 2,738,220
Vito Rizzuto P 30,000
Michael Partipilo P 20,000
Michael Gesualdi P 40,000
Leonard Latchman P 150,000
Robert Shewchuk P 275,000
Ali Pejman P 100,000
Steve Isenberg P 10,000
Richard Patricio Y 75,000
Agent's Fee: an aggregate of $718,833.50, plus 1,493,680
broker warrants, each exercisable at a price of
$0.55 for a period of two years into units
consisting of one common share and one half of
one warrant (each full warrant exercisable into
one common share at a price of $0.75 for a two
year period), payable to CIBC World Markets,
Macquarie Private Wealth, Union Securities Ltd.,
Wellington West Capital, MGI Securities Inc.,
Lionhart Investments Ltd., M Partners Inc.,
Primary Capital Inc., Middlemarch Partners
Limited, PowerOne Capital Markets Limited and PI
Financial Corp.
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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BTB REAL ESTATE INVESTMENT TRUST ("BTB.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: April 20, 2010
TSX Venture Tier 1 Company
The Issuer has declared the following distribution:
Distribution per Trust Unit: $0.0067
Payable Date: May 17, 2010
Record Date: April 30, 2010
Ex-Distribution Date: April 28, 2010
TSX-X
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DPVC INC. ("DPV")
(formerly DPVC Inc. ("DPV.P"))
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Prospectus-
Share Offering, Resume Trading
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Qualifying
Transaction described in its Prospectus dated March 31, 2010. As a result, at
the opening Wednesday, April 21, 2010, the Company will no longer be
considered a Capital Pool Company. The Qualifying Transaction includes the
following:
Acquisition:
The acquisition of a 50% interest in a real estate parcel known as the
Deer Springs Property located near Las Vegas, Nevada in consideration of cash
consideration of approximately $6 million.
Prospectus-Share Offering:
Effective March 31, 2010, the Company's Prospectus dated March 31, 2010
was filed with and accepted by TSX Venture Exchange, and filed with and
receipted by the Securities Commissions, pursuant to the provisions of the
British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick,
Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut
and Northwest Territories Securities Acts.
TSX Venture Exchange has been advised that closing occurred on April 16,
2010, for aggregate proceeds of $6,983,544.05.
Agents: Wellington West Capital Inc.
Offering: 19,952,983 shares
Share Price: $0.35 per share
The Exchange has been advised that the above transactions have been
completed.
Capitalization: unlimited shares with no par value of which
23,152,983 shares are issued and outstanding
Escrow: 1,800,000
Symbol: DPV (same symbol as CPC but with .P
removed)
The Company is classified as a "Real Estate" company.
TSX-X
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LATEEGRA GOLD CORP. ("LRG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced March 3, 2010:
Number of Shares: 3,321,000 shares
Purchase Price: $0.25 per share
Warrants: 3,321,000 share purchase warrants to purchase
3,321,000 shares
Warrant Exercise Price: $0.40 for a two year period
Number of Placees: 65 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
Roberto Chu P 50,000
Kerry Chow P 100,000
Andrew Stathan P 25,000
Duster Capital Corp.
(Dusan Berka) Y 60,000
Mitchell Adam Y 50,000
Christopher R. Verrico Y 100,000
Finders' Fees: $20,000 cash and 80,000 warrants exercisable at
$0.40 for two years payable to PI Financial
Corp.
$10,375 cash and 41,500 warrants (same terms as
above) payable to Macquarie Private Wealth Inc.
$13,750 cash and 55,000 warrants (same terms as
above) payable to Canaccord Financial Ltd.
$5,000 cash and 20,000 warrants (same terms as
above) payable to Mackie Research Capital.
$20,150 cash and 80,600 warrants (same terms as
above) payable to MineGate Resources Capital
Group Inc. (Michael Townsend)
$3,000 cash and 12,000 warrants (same terms as
above) payable to Alex Kuznecov.
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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MICREX DEVELOPMENT CORP. ("MIX")
BULLETIN TYPE: Halt
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Effective at the opening, April 20, 2010, 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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MICREX DEVELOPMENT CORP. ("MIX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Effective at 8:00 a.m. PST, April 20, 2010, shares of the Company resumed
trading, an announcement having been made over StockWatch.
TSX-X
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MURGOR RESOURCES INC. ("MGR")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation to extend
the expiry dates of the following Warrants:
Number of Warrants: 2,631,578 share purchase warrants
Original Expiry Date of Warrants: May 5, 2010
New Expiry Date of Warrants: May 5, 2011
Exercise Price of Warrants: $0.60
The above-mentioned warrants were issued pursuant to a Private Placement
including a total of 2,631,578 common shares and 2,631,578 share purchase
warrants, which was accepted for filing by TSX Venture Exchange effective on
June 11, 2008.
RESSOURCES MURGOR INC. ("MGR")
TYPE DE BULLETIN : Prolongation des bons de souscription
DATE DU BULLETIN : Le 20 avril 2010
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté de prolonger la date d'échéance des
bons de souscription (les "bons") suivants :
Nombre de bons : 2 631 578 bons de souscription
Date initiale d'échéance des bons : Le 5 mai 2010
Nouvelle date d'échéance des bons : Le 5 mai 2011
Prix d'exercice des bons : 0,60 $
Les bons de souscription ci-dessus ont été émis en vertu d'un placement
privé comprenant 2 631 578 actions ordinaires et 2 631 578 bons de
souscription, tel qu'accepté par Bourse de croissance TSX le 11 juin 2008.
TSX-X
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PACIFIC HARBOUR CAPITAL LTD. ("PCF")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 20, 2010
TSX Venture Tier 1 Company
Effective at 12:00 p.m. PST, April 19, 2010, shares of the Company resumed
trading, an announcement having been made over StockWatch.
TSX-X
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PARALLEL RESOURCES LTD. ("PAL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Property Option and Joint
Venture agreement dated January 13, 2010 between the Parallel Resources Ltd.
(the "Company") and Aztec Metals Corp ("Aztec") for a 50% interest to the
Charcas West Property (the "Property"), Mexico.
In consideration for the agreement the Company will:
- Pay to Aztec $150,000 on completion of proposed financing and
exchange approval:
- Complete a $200,000 exploration program by Jan 13, 2011; and
- Complete a $225,000 exploration program to include drilling by
July 13, 2011.
Further information on the transaction is available in the Company's news
release dated January 18, 2010.
TSX-X
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PATRIOT PETROLEUM CORP. ("PPC")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a
Letter Agreement dated March 1, 2010 between Patriot Petroleum Corp. (the
'Company') and Wild Stream Exploration Inc., pursuant to which the Company
will dispose of all its existing wells, petroleum rights and related
facilities located in the Garrington Area of Alberta. The consideration is
$1,000,000.
TSX-X
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PETRO HORIZON ENERGY CORP. ("PHE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the second tranche of a Non-Brokered Private Placement announced March 31,
2010:
Number of Shares: 165,000 non-flow through shares
Purchase Price: $0.30 per share
Warrants: 165,000 share purchase warrants to purchase
165,000 shares
Warrant Exercise Price: $0.50 for an 18 month period
Number of Placees: 5 placees
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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PETROKAMCHATKA PLC ("PKP")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and
accepted the change of the Filing and Regional Office from Toronto to Calgary.
TSX-X
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Q-GOLD RESOURCES LTD. ("QGR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced February 19, 2010:
Number of Shares: 1,200,000 shares
Purchase Price: $0.25 per unit
Warrants: 600,000 share purchase warrants to purchase
600,000 shares
Warrant Exercise Price: $0.30 per share for a two year period
Number of Placees: 13 placees
No Insider/Pro Group Participation
Finder's Fee: Canaccord Financial Ltd. - $24,000 cash and
120,000 broker warrants.
Each broker warrant is exercisable at a price of
$0.30 per share for a period of two years.
TSX-X
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RAPID BRANDS INC. ("RAP")
BULLETIN TYPE: Halt
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Effective at the opening, April 20, 2010, 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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RAPID BRANDS INC. ("RAP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Effective at 8:30 a.m. PST, April 20, 2010, shares of the Company resumed
trading, an announcement having been made over StockWatch.
TSX-X
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SAVANT EXPLORATIONS LTD. ("SVT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the second and final tranche of a Non-Brokered Private Placement announced
March 9, 2010:
Number of Shares: 5,280,000 flow through shares
1,490,000 non-flow through shares
Purchase Price: $0.09 per flow through share
$0.08 per non-flow through share
Warrants: 745,000 share purchase warrants to purchase
745,000 shares
Warrant Exercise Price: $0.11 for a two year period
Number of Placees: 30 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Harlan D. Meade Y 110,000 f/t
Michael A. Reid P 200,000 f/t
Azim Dhalla P 35,000 f/t
Reginald Smith P 150,000 f/t
James Switzer P 100,000 f/t
Jock Ross P 150,000 f/t
100,000 nft
Michael Gray P 125,000 nft
Lois Meyer P 50,000 nft
Finders' Fees: CIBC World Markets Inc. receives $900
Jean David Moore receives $2,250
Raymond James Ltd. receives 50,000 flow through
shares and 35,000 non-flow through units with
the same terms as the above private placement.
InvestPro Securities Inc. receives $600
Union Securities Ltd. receives $1,575
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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SCHNEIDER POWER INC. ("SNE")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Effective at the close of business April 20, 2010, the common shares of
Schneider Power Inc. (the "Company") will be delisted from TSX Venture
Exchange. The delisting of the Company's shares results from the
implementation of a Plan of Arrangement pursuant to an Arrangement Agreement,
dated November 24, 2009, between Quantum Fuel Systems Technologies Worldwide,
Inc. ("Quantum") and the Company, whereby Quantum has purchased 100% of the
Company's issued and outstanding shares. The Company's shareholders has
received 0.236 common shares of Quantum for every Company share held. The
Company has become a wholly-owned subsidiary of Quantum.
For further information, please refer to the joint management information
circular dated March 15, 2010 and the Company's news releases dated November
25, 2009, February 1, 2010, March 19, 2010, April 13, 2010, April 15, 2010 and
April 19, 2010.
TSX-X
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SEDEX MINING CORP. ("SDN")
BULLETIN TYPE: Warrant Term Extension, Warrant Price Amendment
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date and
the amendment of the exercise price of the following warrants:
Private Placement:
No. of Warrants: 10,100,000
Original Expiry Date of Warrants: Tranche 1 (5,650,000 warrants):
April 21, 2010
Tranche 2: (4,450,000 warrants):
June 11, 2010
New Expiry Date of Warrants: Tranche 1: April 21, 2013
Tranche 2: June 11, 2013
Original Exercise Price of Warrants: $0.10
New Exercise Price of Warrants: $0.10 in Year 3, $0.15 in Year 4,
$0.20 in Year 5
Forced Exercise Provision: If the closing price for the
Company's shares is $0.125 or
greater for a period of 10
consecutive trading days in year 3,
$0.1875 or higher for a period of
10 consecutive trading days in year
4 or $0.25 or higher for a period of
10 consecutive trading days in year
5, then the warrant holders will
have 30 days to exercise their
warrants; otherwise the warrants
will expire on the 31st day.
These warrants were issued pursuant to a private placement of 6,883,750
flow through shares and 3,216,250 non-flow through shares with 10,100,000
share purchase warrants attached, which was accepted for filing by the
Exchange effective April 28, 2008 and June 12, 2008.
TSX-X
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SUROCO ENERGY INC. ("SRN")
BULLETIN TYPE: Halt
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
Effective at 10:30 a.m. PST, April 20, 2010, 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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TAG OIL LTD. ("TAO")
BULLETIN TYPE: Halt
BULLETIN DATE: April 20, 2010
TSX Venture Tier 1 Company
Effective at 12:23 p.m. PST, April 20, 2010, 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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ZTEST ELECTRONICS INC. ("ZTE")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: April 20, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing
documentation pertaining to a Loan and Option Agreement (collectively the
"Agreements") dated April 5, 2010 and May 1, 2010, between Ztest Electronics
Inc., Permatech Electronics Corp. ("Permatech") - a wholly-owned subsidiary of
the Company, and 1114377 Ontario Inc. (the "Lender and Optionee"), whereby the
Lender has agreed to refinance and consolidate three outstanding loans of
approximately CDN$193,000 plus a further advance of CDN$7,000 into a new loan
in the amount of CDN$200,000 for a term of five years at prime plus 8%.
Pursuant to the Option Agreement, the Company has agreed to grant the
Lender an option to acquire a 24% equity interest of Permatech for
CDN$200,000. If the Option is exercised, the Optionee may choose to satisfy
the CDN$200,000 payment by setting it off against Permatech's obligation under
the Loan.
For further information, please refer to the Company's press release dated
April 5, 2010.
TSX-X
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NEX COMPANIES
RAYSTAR CAPITAL LTD. ("RYA.H")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 20, 2010
NEX Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 2,272,727 shares to settle outstanding debt for $125,000.
Number of Creditors: 1 Creditor
Insider/Pro Group Participation:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share Shares
Bayridge Capital
Corp. (Edward
Farrauto &
Hal Hemmerich) Y $125,000 $0.055 2,272,727
The Company shall issue a news release when the shares are issued and the
debt extinguished.
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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