VANCOUVER, Feb. 18, 2016 /CNW/ -
TSX VENTURE COMPANIES
ASTON BAY HOLDINGS LTD. ("BAY")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a property purchase agreement between Aston Bay Holdings Ltd. ("Aston Bay") and Commander Resources Ltd. ("Commander") dated December 16, 2015 (the "Agreement") pursuant to which Aston Bay will acquire a 100% interest in the Storm Property
Under the Agreement, Aston Bay will:
- Issue 11,000,000 Aston Bay shares to Commander upon receipt of shareholder approval and Exchange approval.
- Issue up to an additional 5,500,000 Aston Bay shares (the "Additional Shares") to Commander upon the earlier of the following:
- the completion of a total of CAD$6,000,000 of exploration expenditures on the Storm Property (including amounts already spent), or alternatively,
- the completion by Aston Bay of another CAD$4,000,000 of fundraising.
The number of shares issued will be calculated to bring Commander's shareholdings to 25% of the outstanding share capital in Aston Bay at the time of the issuance; but, will be capped at a maximum of 5,500,000 common shares. Shares of Aston Bay held by Commander will be subject to a voting trust agreement with management of Aston Bay. Furthermore, the shares issued under the Agreement will be subject to a four-year escrow, in which the initial 11,000,000 Aston Bay shares will be released in installments of 25% per year, beginning one year after the closing of the Agreement. The additional shares will also be released on the fourth anniversary date of the closing of the Agreement. Finally, Aston Bay shares issued to Commander under the Agreement will be subject to a right of first offer in favour of Aston Bay. Commander will retain a 0.875% Gross Overriding Royalty ("Royalty"); however, Aston Bay has the option to buy down the Royalty to 0.4% for a one-time payment of CAD$4,000,000.
Insider / Pro Group Participation: Nil.
For further information please refer to Aston Bay's news release dated December 17, 2015 which is available under Aston Bay's profile on SEDAR.
________________________________________
AURION RESOURCES .LTD. ("AU")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
The TSX Venture Exchange Inc. (the "Exchange") has accepted documentation in connection with a letter agreement between Aurion Resources Ltd. ("Aurion") and B2Gold Corp. ("B2Gold") dated August 10, 2015 (the "Agreement") under which Aurion has granted B2Gold the right to earn up to an undivided 75% interest in an approximately 25,000 ha project area that includes the Kutuvuoma and Ahvenjarvi projects.
Under the terms of the Agreement B2Gold must complete $5 million in exploration expenditures, pay Aurion $50,000 cash and issue 550,000 B2Gold shares to Aurion over 4 years to earn a 51% interest. B2Gold can earn an additional 19% interest by incurring a further $10 million in exploration expenditures over 2 years. B2Gold can earn an additional 5% interest for a total of 75% interest by completing a bankable feasibility study. The first year commitment of $750,000 in exploration expenditures, payment of $50,000 cash and the issuance of 50,000 B2Gold shares to Aurion is guaranteed.
Aurion will pay a finder's fee of 1,476,750 Shares to Phoenix Advisors Inc (G. Gordon Fernandes).
For further information see Aurion's news release dated August 13, 2015 which is available under the Aurion's profile on SEDAR.
Insider / Pro Group Participation: Nil.
________________________________________
BLACK MAMMOTH METALS CORPORATION ("BMM")
[formerly La Quinta Resources Corp. ("LAQ")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders January 4, 2016, the Company has consolidated its capital on a Four (4) old for One (1) new basis. The name of the Company has also been changed as follows.
Effective at the opening Friday, February 19, 2016, the common shares of Black Mammoth Metals Corporation will commence trading on TSX Venture Exchange, and the common shares of La Quinta Resources Corp. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 2,676,787 |
shares are issued and outstanding |
|
| Escrow: |
Nil |
shares |
| Transfer Agent: |
Computershare Company of Canada |
|
| Trading Symbol: |
BMM |
(NEW) |
| CUSIP Number: |
09215W101 |
(NEW) |
________________________________________
DURANGO RESOURCES INC. ("DGO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 18, 2015:
| Number of Shares: |
1,250,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
1,250,000 share purchase warrants to purchase 1,250,000 shares |
| Warrant Exercise Price: |
$0.10 for a one year period |
| Number of Placees: |
3 Placees |
| Insider / Pro Group Participation: |
|
| Name |
Insider=Y / |
# of Shares |
| Steveston Finance Inc. (Marcy Kiesman) |
Y |
700,000 |
The Company issued news releases on October 5, 2015 and October 16, 2015 confirming closing of the private placement. 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.
________________________________________
EAGLE GRAPHITE INCORPORATED ("EGA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 19, 2015:
| Number of Shares: |
1,000,000 flow-through shares |
| 5,213,600 common shares |
|
| Purchase Price: |
$0.06 per flow-through share |
| $0.05 per common share |
|
| Warrants: |
2,608,800 share purchase warrants attached to purchase 2,608,800 shares |
| Warrant Exercise Price: |
$0.075 for a two year period |
| Number of Placees: |
10 Placees |
| Insider / Pro Group Participation: |
|
| Name |
Insider=Y / |
# of Shares |
| Latitude Minerals Inc. |
Y |
1,300,000 |
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.
________________________________________
FIRST MINING FINANCE CORP. ("FF")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 323,076 shares to settle outstanding debt for $126,000.
Number of Creditors: 2 Creditors
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
GOLD STANDARD VENTURES CORP. ("GSV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 18, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 1, 2016 and February 8, 2016:
| Number of Shares: |
29,931,931 shares |
| Purchase Price: |
$1.00 per share |
| Number of Placees: |
2 Placees |
| Insider / Pro Group Participation: |
|
| Name |
Insider=Y / |
# of Shares |
| 1015776 BC Ltd. (OceanaGold Corporation) |
Y |
13,831,931 |
| Finder's Fee: |
$1,197,277.24 payable to Macquarie Capital Markets Canada Ltd. |
| $62,243.69 payable to Cormark Securities Inc. |
|
| $76,075.62 payable to Medalist Capital Ltd. |
The Company issued news releases on February 9, 2016 and February 12, 2016 confirming closing of the private placement.
________________________________________
HARVEST GOLD CORP. ("HVG")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 16, 2016, 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 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.
________________________________________
KENNA RESOURCES CORP. ("KNA")
BULLETIN TYPE: Halt
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
Effective at 4:41 a.m. PST, February 18, 2016, 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.
________________________________________
LOGAN RESOURCES LTD. ("LGR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
Further to the Exchange bulletins dated July 8, 2015, effective at the open Friday, February 19, 2016 the shares of the Company will resume trading with an announcement having been made on Stockwatch on February 16, 2016.
________________________________________
NEBU RESOURCES INC. ("NBU")
BULLETIN TYPE: Halt
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
Effective at 10:17 a.m. PST, February 18, 2016, 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.
________________________________________
NEXUS GOLD CORP. ("NXS")
BULLETIN TYPE: Warrant Price and Term Amendment
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price and extension to term of the following warrants:
| Private Placement: |
|
| # of Warrants: |
10,543,554 |
| Expiry Date of Warrants: |
400,087 February 18, 2016 |
| 2,785,049 March 5, 2016 *** (Subject to Forced Exercise Provision) |
|
| 100,000 March 14, 2016 |
|
| 400,087 April 9, 2016 |
|
| 200,000 April 14, 2016 *** (Subject to Forced Exercise Provision) |
|
| 50,000 May 12, 2016 *** (Subject to Forced Exercise Provision) |
|
| 100,000 May 26, 2016 *** (Subject to Forced Exercise Provision) |
|
| 1,533,332 July 15, 2016 |
|
| 599,999 July 21, 2016 |
|
| 100,000 July 23, 2016*** (Subject to Forced Exercise Provision) |
|
| 100,000 July 25, 2016 *** (Subject to Forced Exercise Provision) |
|
| 4,175,000 July 31, 2016 *** (Subject to Forced Exercise Provision) |
|
| ***Forced Exercise Provision: |
If the closing price for the Company's shares is $0.09 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. |
| Original Exercise Price of Warrants: |
$0.20 |
| New Exercise Price of Warrants: |
$0.075 |
| New Expiry Date of Warrants |
February 18, 2018 |
These warrants were issued pursuant to private placements of 10,543,554shares with 10,543,554 share purchase warrants attached which was conducted while the company was private.
________________________________________
NORTHERN EMPIRE RESOURCES CORP. ("NM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 17, 2016:
| Number of Shares: |
3,600,000 shares |
| Purchase Price: |
$0.10 per share |
| Warrants: |
1,800,000 share purchase warrants to purchase 1,800,000 shares |
| Warrant Initial Exercise Price: |
$0.15 |
| Warrant Term to Expiry: |
3 Years |
| Number of Placees: |
11 Placees |
| Insider / Pro Group Participation: |
|
| Name |
Insider=Y / |
# of Shares |
|
| Delbrook Resource Opportunities Fund |
Y |
1,300,000 |
|
| Matthew Zabloski |
|||
| Douglas Hurst |
Y |
170,000 |
|
| James Paterson |
Y |
150,000 |
|
| John Robins |
Y |
550,000 |
|
| Jeff Sundar |
Y |
150,000 |
|
| Aggregate Pro-Group Involvement |
P |
250,000 |
|
| [1 Placee] |
|||
| Finder's Fee: |
|
| Haywood Securities Inc. |
$1,500.00 cash; 15,000 warrants |
| Finder Warrant Initial Exercise Price: |
$0.15 |
| Finder Warrant Term to Expiry: |
Exerciseable at $0.15 for 36 months |
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.
________________________________________
REVOLVER RESOURCES INC. ("RZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 15, 2016:
| Number of Shares: |
1,450,000 shares |
| Purchase Price: |
$0.06 per share |
| Warrants: |
1,450,000 share purchase warrants to purchase 1,450,000 shares |
| Warrant Exercise Price: |
$0.08 for a five year period. The term of the warrants may be accelerated if the shares trade at or above a price of $0.10 for a period of 10 consecutive days. The warrantholders will receive notice that the warrants will expire 30 days from such |
| Number of Placees: |
9 Placees |
| Insider / Pro Group Participation: |
|
| Name |
Insider=Y / |
# of Shares |
| Barry Brown |
Y |
300,000 |
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.
________________________________________
SIERRA IRON ORE CORPORATION ("NAA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 745,620 shares at a deemed price of $0.40 per share to settle outstanding debt for $298,248.04.
| Number of Creditors: |
6 Creditors |
| Insider / Pro Group Participation: |
|
| Creditor |
Insider=Y / |
Amount |
Deemed Price |
# of Shares |
| Wally Boguski |
Y |
$40,000 |
$0.40 |
100,000 |
| Alphonse Ruggiero |
Y |
$40,000 |
$0.40 |
100,000 |
| Glen D. Harder Law Corp. |
Y |
$60,000 |
$0.40 |
150,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
SPOT COFFEE (CANADA) LTD. ("SPP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 6, 2015:
| Number of Shares: |
5,500,000 common shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
2,750,000 share purchase warrants attached to purchase 2,750,000 shares |
| Warrant Exercise Price: |
$0.075 for a four year period |
| Number of Placees: |
6 Placees |
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.
________________________________________
URBAN COMMUNICATIONS INC. ("UBN")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,308,411 warrants exercisable at $0.069 per share until December 31, 2016, to the following insiders:
| Warrants |
|
| John Farlinger |
654,206 |
| Michael Schmidt |
654,205 |
________________________________________
VIDWRX INC. ("VID")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: February 18, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to the issuance of an aggregate 323,449 shares at a deemed price of $0.06 per share, in consideration of consulting services provided to the Company by insiders Goodwin Gibson, Derek Sather, Ash Katey and Steve Hancock.
________________________________________
NEX COMPANIES
WANGTON CAPITAL CORP ("WT.H")
BULLETIN TYPE: Halt
BULLETIN DATE: February 18, 2016
NEX Company
Effective at 12:04 p.m. PST, February 17, 2016, 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.
________________________________________
WANGTON CAPITAL CORP. ("WT.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 18, 2016
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 17, 2016, 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.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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