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TSX Venture Exchange Daily Bulletins
VANCOUVER, Dec. 9, 2015 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: December 9, 2015
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on December 8, 2015 against the following company for failing to file the documents indicated within the required time period:
|
Symbol |
Tier |
Company |
Failure to File |
Period |
|
Ending | ||||
|
(Y/M/D) | ||||
|
SHI |
2 |
Sunrise Resources |
interim financial statements |
|
|
as required under Part 4 of National |
||||
|
Instrument 51-102 Continuous |
||||
|
Disclosure Obligations (NI 51-102), |
||||
|
for the financial period ended |
15/09/30 | |||
|
a Form 51-102F1 Management's |
||||
|
Discussion and Analysis as required |
||||
|
under Part 5 of NI 51-102 for the |
||||
|
period ended |
15/09/30 |
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 companies during the period of the suspension or until further notice.
________________________________________
BAYSHORE PETROLEUM CORP. ("BSH")
BULLETIN TYPE: Remain Halted - Reverse Takeover, Change of Business
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 8, 2015, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the change of business and/or Reverse Take-Over pursuant to TSXV Listings Policy 5.2
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.
________________________________________
CAMEO RESOURCES CORP. ("CRU")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,140,272 shares to settle outstanding debt for $214,027.15.
|
Number of Creditors: |
3 Creditors |
|||
|
Insider / Pro Group Participation: |
||||
|
Insider=Y / |
Amount |
Deemed Price |
||
|
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
|
Souhail Abi-Farrage |
Y |
$116,027.15 |
$0.10 |
1,160,272 |
|
Sundance Gold Ltd. |
||||
|
(Souhail Abi-Farrage) |
Y |
$30,000 |
$0.10 |
300,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
ERIN VENTURES INC. ("EV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 25, 2015 and closed December 4, 2015:
|
Number of Securities: |
10,290,000 common share units ("Units"). Each unit consists of one common share and one share purchase warrant |
|
Purchase Price: |
$0.06 per Unit |
|
Warrants: |
10,290,000 share purchase warrants |
|
Warrant Exercise Price: |
The Warrants are exercisable for three (3) years at a price of $0.15 in year one, $0.30 in year two, and $0.50 in year three. Additionally, the Warrants will be subject to an accelerated exercise clause (the "Clause"). The Clause states that in the event the Shares of the company close on the Exchange at a price equal or greater than the designated trigger price for more than twenty (20) consecutive trading days, the Company shall have the right to give written notice to the holder requiring the holder to exercise the Warrant, in whole or in part, within a period of thirty (30) days from the date of receipt of notice from the Company. Any portion of the Warrant remaining unexercised after the expiration of the 30 day period will be cancelled and will thereafter, be void and of no force or effect. The designated trigger price is $0.30 per share in the first year, $0.50 per share in the second year, and $0.70 in the third year. |
|
Number of Placees: |
25 Placees |
|
Insider / Pro Group Participation: |
None |
|
Finder's Fee: |
$840 cash payable to Marc Foschia |
|
$8,400 cash payable to August V. Scerbo | |
|
$1,200 cash payable to Lamont Stradeski | |
|
$10,350 cash payable to John Wiebe |
________________________________________
GOLD RIDGE EXPLORATION CORP. ("GEA.H")
[formerly ("GEA")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Resume Trading
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on December 11, 2015, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from X to NEX.
As of December 11, 2015, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from GEA to GEA.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture.
Further to the TSX Venture Exchange Bulletins dated May 12, 2015, effective at the opening on December 11, 2015, shares of the Company will resume trading; the Company having announced the termination of the proposed Reverse Take-Over on October 27, 2015.
________________________________________
INCA ONE GOLD CORP. ("IO")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 500,000 shares at a deemed price of $0.15 per share, in consideration of certain advisory services provided to the company pursuant to an agreement dated September 25, 2015.
The Company shall issue a news release when the shares are issued.
________________________________________
INTERNATIONAL SAMUEL EXPLORATION CORP. ("ISS")
BULLETIN TYPE: Halt
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
Effective at 12:14 p.m. PST, December 8, 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.
________________________________________
KANE BIOTECH INC. ("KNE")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
|
# of Warrants: |
4,000,000 |
|
Original Expiry Date of Warrants: |
December 18, 2015 |
|
New Expiry Date of Warrants: |
December 18, 2017 |
|
Exercise Price of Warrants: |
$0.095 |
These warrants were issued pursuant to a private placement of a $5,000,000 redeemable unsecured note with 4,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective December 20, 2013.
________________________________________
NEUTRISCI INTERNATIONAL INC. ("NU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 20, 2015 and November 26, 2015:
|
Number of Shares: |
13,013,000 shares |
|
|
Purchase Price: |
$0.18 per share |
|
|
Warrants: |
13,013,000 share purchase warrants to purchase 13,013,000 shares |
|
|
Warrant Exercise Price: |
$0.25 for a two year period |
|
|
Number of Placees: |
49 Placees |
|
|
Insider / Pro Group Participation: |
||
|
Insider=Y / |
||
|
Name |
ProGroup=P |
# of Shares |
|
Aggregate Pro Group |
||
|
Involvement [7 Placees] |
P |
1,453,000 |
|
Finder's Fee: |
Canaccord Genuity Corp. $2,880 cash and 16,000 warrants payable. |
|
|
Haywood Securities Inc. $7,704 cash and 42,800 warrants payable. |
||
|
GMP Securities L.P. $82,411.20 cash and 457,840 warrants payable. |
||
|
Alpha North Asset Management $20,016 cash and 111,200 warrants payable. |
||
|
Delbrook Capital Advisors Inc. $14,400 cash and 80,000 warrants payable. |
||
|
-Each warrant is exercisable into one unit at $0.18, each unit comprises |
||
|
one common share and one common share purchase warrant entitling the |
||
|
holder to purchase one common share at $0.25 for two years from closing. |
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.]
________________________________________
PANCONTINENTAL URANIUM CORPORATION ("PUC.H")
[formerly Pancontinental Uranium Corporation ("PUC")]
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: December 09, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Joint Venture Interest Sale Deed and Conditional Deed of Release and Settlement, dated January 15, 2015, between Pancontinental Uranium Corp. (the "Company"), Essential Mining Resources Pty Ltd. (the "Purchaser") and Crossland Strategic Metals Ltd. ("Crossland"), whereby the Company has sold its entire (43.72%) interest in the joint venture (JV) with Crossland. The JV holds the Charley Creek rare earth element (REE) project and a number of other prospective uranium and REE properties in the Northern Territory of Australia.
Total consideration given in exchange for the Company's interest in the JV were aggregate cash payments of AUD$1,300,000. The Company retained a 1% gross overriding royalty on sales of all production from 100% of the property.
In accordance with TSX Venture Policy 2.5, the Company has not maintained its continued listing requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening Monday, December 14, 2015, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Toronto to NEX.
As of December 14, 2015, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from PUC to PUC.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
For further details, please refer to the Company news releases dated January 15, 2015, October 7, 2015 and November 26, 2015.
_______________________________________
PHOENIX GOLD RESOURCES CORP. ("PXA")
BULLETIN TYPE: Halt
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
Effective at 4:50 a.m. PST, December 9, 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.
________________________________________
PHOENIX GOLD RESOURCES CORP. ("PXA")
BULLETIN TYPE: Remain Halted - Reverse Takeover, Change of Business
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 9, 2015, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the change of business and/or Reverse Take-Over pursuant to TSXV Listings Policy 5.2.
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.
________________________________________
PINE CLIFF ENERGY LTD. ("PNE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 9, 2015:
|
Number of Shares: |
2,777,778 shares |
|
|
Purchase Price: |
$1.08 per share |
|
|
Warrants: |
None |
|
|
Number of Placees: |
36 Placees |
|
|
Insider / Pro Group Participation: |
||
|
Insider=Y / |
||
|
Name |
ProGroup=P |
# of Shares |
|
George Fink |
Y |
1,766,800 |
|
Phil Hodge |
Y |
75,000 |
|
Terry McNeill |
Y |
37,037 |
|
Cheryne Lowe |
Y |
45,063 |
|
Finder's Fee: |
None |
________________________________________
RAINMAKER RESOURCES LTD. ("RIR")
BULLETIN TYPE: Halt
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
Effective at 11:30 a.m. PST, December 8, 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.
________________________________________
RAINMAKER RESOURCES LTD. ("RIR")
BULLETIN TYPE: Remain Halted - Reverse Takeover, Change of Business
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 8, 2015, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the change of business and/or Reverse Take-Over pursuant to TSXV Listings Policy 5.2.
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.
________________________________________
ROCKY MOUNTAIN LIQUOR INC. ("RUM.DB")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: December 09, 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 December 8, 2015, it may repurchase for cancellation, up to $849,600 principal of the Company's convertible debentures (the "Debentures"). The purchases are to be made through the facilities of TSX Venture Exchange or other recognized marketplaces during the period December 15, 2015 to April 30, 2016, being the date the Debentures mature. Purchases pursuant to the bid will be made by National Bank Financial on behalf of the Company.
________________________________________
SMART EMPLOYEE BENEFITS INC. ("SEB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 2, 2015 and December 7, 2015:
|
Number of Shares: |
10,000,000 common shares |
|
Purchase Price: |
$0.40 per share |
|
Warrants: |
10,000,000 share purchase warrants attached to purchase 10,000,000 shares |
|
Warrant Exercise Price: |
$0.75 for a two year period |
|
Number of Placees: |
1 Placee |
|
Finder's Fees: |
an aggregate of $179,600 plus 897,500 finder's warrants (each exercisable into one common share at a price of $0.40 for an eighteen month period) is payable to Raymond James Ltd., Paradigm Capital Inc., Global Securities Corporation and Industrial Alliance Securities 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.
________________________________________
TELSON RESOURCES INC. ("TSN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 14, 2015:
|
Number of Shares: |
6,960,000 shares |
|
|
Purchase Price: |
$0.05 per share |
|
|
Warrants: |
3,480,000 share purchase warrants to purchase 3,480,000 shares |
|
|
Warrant Exercise Price: |
$0.05 for a two year period |
|
|
Number of Placees: |
2 Placees |
|
|
Insider / Pro Group Participation: |
||
|
Insider=Y / |
||
|
Name |
ProGroup=P |
# of Shares |
|
Promotora de Sistemas de |
||
|
Informacion S.A.P.I de C.V. |
Y |
3,480,000 |
|
Estrategica Corporative en |
||
|
Finanzas S.A.P.I. de C.V. |
Y |
3,480,000 |
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.]
________________________________________
TERRA NOVA ENERGY LTD. ("TGC")
BULLETIN TYPE: Halt
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
Effective at 9:08 a.m. PST, December 9, 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.
________________________________________
ZENITH ENERGY LTD. ("ZEE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 9, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 27, 2015:
|
Number of Securities: |
4,214,125 common share units ("Units") |
|
Each Unit consists of one common share and one common share purchase warrant | |
|
Purchase Price: |
$0.08 per Unit |
|
Warrants: |
4,214,125 share purchase warrants to purchase 4,214,125 shares |
|
Warrant Exercise Price: |
$0.25 per share at any time on or before the date that is 36 months from the date of issuance |
|
Number of Placees: |
4 Placees |
|
Insider / Pro Group Participation: |
None |
|
Finder's Fee: |
None |
________________________________________
NEX COMPANIES
CARDINAL CAPITAL PARTNERS INC. ("CCP.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 9, 2015
NEX Company
Further to TSX Venture Exchange Bulletin dated June 3, 2014, the Company has terminated its proposed Reverse Take-Over. Please refer to the Company's press release dated December 9, 2015 for further details.
Effective at the opening on Thursday, December 10, 2015, trading will be reinstated in the securities of the Company.
_______________________________________
PLICIT CAPITAL CORP. ("PLP.H")
BULLETIN TYPE: Remain Halted - Qualifying Transaction
BULLETIN DATE: December 9, 2015
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 2, 2015, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to TSXV Listings Policy 2.4.
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.
________________________________________
SOURCE TSX Venture Exchange
For further information: Market Information Services at 1-888-873-8392, or email: information@venture.com
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