TSX Venture Exchange Daily Bulletins
Jan 08, 2016, 18:36 ET
TORONTO, Jan. 8, 2016 /CNW/ -
TSX VENTURE COMPANIES
ALIX RESOURCES CORP. ("AIX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with a Purchase Agreement dated December 8, 2015 between the Company, Exploradora Cobre De Bacanora S. De R. L. C. V., Chancellor Corp., James Garnet Clark, Mark Malfair and Benjamin Lagarda whereby the Company is acquiring a 100% interest in the Tule Concession and the Tecolote Concession that are located in Sonora, Mexico. Consideration is 4,000,000 shares to be issued as follows:
Chancellor Corporation (Dane Brown) – 1,000,000 common shares
Mark Malfair – 1,200,000 common shares
James Garnet Clark – 1,200,000 common shares
Benjamin Lagarda – 600,000 common shares.
________________________________________
ALMONTY INDUSTRIES INC. ("AII")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: January 8, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. has accepted for filing the share purchase agreement between Almonty Industries Inc. ("Almonty") and Sojitz Tungsten Resources Inc. ("STRI") and the debt sale agreement between Almonty and Sojitz Corporation ("Sojitz"), each effective as of December 29, 2015 and closing January 6, 2016, pursuant to which Almonty has acquired all of the shares (the "BVI Shares") of Beralt Ventures Inc. ("BVI") from STRI and €12,260,000 in aggregate principal amount of debt (the "Debt") owed by Sojitz Beralt Tin & Wolfram (Portugal), S.A., a wholly-owned subsidiary of BVI, to Sojitz. BVI, through its wholly-owned subsidiaries, is the 100% owner of the various rights and interests comprising the Panasqueira tungsten mine in Covilha, Castelo Branco, Portugal. Almonty acquired the BVI Shares for €1.00 and the Debt in exchange for a cash payment of €1,000,000 on closing and a promissory note issued by Almonty in the principal amount of €500,000, bearing interest at 4% per annum, maturing December 29th, 2017.
Insider / Pro Group Participation: Nil
For further information please refer to Almonty's news release dated January 6, 2016 which is available under Almonty's profile on SEDAR.
________________________________________
BANKS ISLAND GOLD LTD. ("BOZ")
BULLETIN TYPE: Halt
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, January 8, 2016, trading in the shares of the Company was halted due to failure to maintain exchange requirements. 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.
________________________________________
BARKERVILLE GOLD MINES LTD. ("BGM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 2, 2015:
| Number of Shares: |
11,000,000 flow-through shares |
| Purchase Price: |
$0.32 per share |
| Warrants: |
5,500,000 share purchase warrants to purchase 5,500,000 shares |
| Warrant Exercise Price: |
$0.40 for a two year period |
| Number of Placees: |
3 Placees |
| Finder's Fee: |
Sprott Private Wealth LP will receive a cash finder's fee of $176,000.00 |
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. 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.
________________________________________
CGX ENERGY INC. ("OYL")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 16,522,500 shares to settle outstanding debt for $7,269,900.
Number of Creditors: 1 Creditor
Insider / Pro Group Participation:
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Japan Drilling Co., Ltd. |
Y |
$7,269,900 |
$0.44 |
16,522,500 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
COPPER FOX METALS INC. ("CUU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 8, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 21, 2015:
| Number of Shares: |
8,823,528 flow-through shares |
| 576,922 non flow-through shares |
|
| Purchase Price: |
$0.17 per flow-through share |
| $0.13 per non flow-through share |
|
| Number of Placees: |
7 Placees |
| Finder's Fee: |
$78,749.98 cash payable to Secutor Capital Management Corp. |
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.
________________________________________
DISCOVERY VENTURES INC. ("DVN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 18, 2015:
| Number of Shares: |
3,250,000 shares |
| Purchase Price: |
$0.20 per share |
| Warrants: |
1,625,000 share purchase warrants to purchase 1,625,000 shares |
| Warrant Exercise Price: |
$0.30 for a two year period |
| Number of Placees: |
3 Placees |
| Finder's Fee: |
$30,000 cash and 75,000 warrants payable to Marquest Asset Management. |
| 75,000 warrants payable to Secutor Capital Management Corp. |
|
| Finder's fee warrants are exercisable at $0.30 per share with an expiry date of December 23, 2017. |
|
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.
________________________________________
ELORO RESOURCES LTD. ("ELO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a services agreement (the "Agreement") dated December 21, 2015 between DIAGNOS inc. (the "Vendor") and Eloro Resources Ltd. (the "Company"). Pursuant to the Agreement, the Company shall acquire certain Intellectual property from the Vendor.
As consideration, the Company shall pay $25,000 and issue 208,333 shares to the Vendor.
For more information, refer to the Company's news release dated January 7, 2016.
________________________________________
LEGEND POWER SYSTEMS INC. ("LPS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 17, 2015:
| Number of Shares: |
8,300,000 shares |
| Purchase Price: |
$0.20 per share |
| Warrants: |
8,300,000 share purchase warrants to purchase 8,300,000 shares |
| Warrant Exercise Price: |
$0.40 for a two year period |
| Number of Placees: |
38 Placees |
Insider / Pro Group Participation:
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Michael J. Atkinson |
Y |
150,000 |
| Aggregate Pro Group Involvement |
P |
2,175,000 |
| [8 placees] |
||
| Finder's Fee: |
Primary Capital Inc. 426,125 units payable. |
| Canaccord Genuity Inc. 21,875 units payable. |
|
| Haywood Securities Inc. 50,750 units payable. |
|
| -Each unit has 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.]
________________________________________
RICHMOND MINERALS INC. ("RMD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 8, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 24, 2015:
| Number of Shares: |
1,143,714 flow-through shares |
| 585,000 common shares |
|
| Purchase Price: |
$0.07 per flow-through share |
| $0.07 per common share |
|
| Warrants: |
864,357 share purchase warrants attached to purchase 864,357 shares |
| Warrant Exercise Price: |
$0.12 for an eighteen month period |
| Number of Placees: |
6 Placees |
| Finder's Fees: |
an aggregate of $1,982.25 is payable to Accilent Capital Management. |
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.
________________________________________
SOUTHERN SUN MINERALS INC. ("SSI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to the option agreement dated December 28, 2015 between the Company and Dajin Resources Corp. whereby the Company can earn a 60% interest in the Alkali Lake lithium property consisting of 191 placer claims covering an area of 1,558 hectares in the Esmeralda County, Nevada in consideration of US$84,000, 250,000 common shares and US$950,000 of exploration or work commitments.
________________________________________
VIDWRX INC. ("VID")
BULLETIN TYPE: Warrant Price Amendment, Warrant Term Extension
BULLETIN DATE: January 8, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price and the extension of the term of the following warrants:
| # of Warrants: |
3,750,000 |
| Original Exercise Price of Warrants: |
$0.145 |
| New Exercise Price of Warrants: |
$0.10 |
| Original Expiry Date of Warrants: |
4 years |
| New Expiry Date of Warrants: |
5 years |
These warrants were issued pursuant to a private placement of 3,750,000 special warrants shares with 3,750,000 share purchase warrants attached, which was announced by the Company on November 9, 2015.
________________________________________
VIDWRX INC. ("VID")
BULLETIN TYPE: Warrant Price Amendment, Warrant Term Extension
BULLETIN DATE: January 8, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price and the extension of the term of the following warrants:
| # of Warrants: |
7,200,000 |
| Original Exercise Price of Warrants: |
$0.145 |
| New Exercise Price of Warrants: |
$0.12 |
| Original Expiry Date of Warrants: |
4 years |
| New Expiry Date of Warrants: |
5 years |
These warrants were issued pursuant to a private placement of 7,200,000 special warrants shares with 7,200,000 share purchase warrants attached, which was announced by the Company on October 2, 2015.
________________________________________
NEX COMPANIES
MAINSTREAM MINERALS CORPORATION ("MJO.H")
BULLETIN TYPE: Halt – Correction
BULLETIN DATE: January 8, 2016
NEX Company
Further to the Exchange bulletin dated January 7, 2016, the bulletin should have read as follows.
Effective at 5:00 a.m. PST, January 7, 2016, trading in the shares of the Company was halted for Failure to Maintain Transfer Agent. 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: [email protected]