VANCOUVER, April 6, 2016 /CNW/ -
TSX VENTURE COMPANIES
AFRICA ENERGY CORP. ("AFE")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing the following agreements pursuant to which Africa Energy Corp. ("Africa") will acquire a 90% interest in Block 2B, Republic of South Africa:
- a sale and purchase agreement among Afren Mauritius Limited, Afren Plc (in administration), Afren Nigeria Holdings Limited (in administration), the Administrators of Afren Nigeria Holdings Limited and Afren Plc, Africa Energy SA Corp. and Africa Energy Holdings (Bermuda) I Ltd. dated December 16, 2015 under which Africa Energy SA Corp. will acquire all of the issued and outstanding shares of Main Street 840 (Proprietary) Limited which holds a 25% participating interest Block 2B for cash consideration of US$1 million;
- a share purchase agreement among Africa, Africa Energy SA Corp., Thombo Petroleum Ltd., and the shareholders of Thombo dated December 16, 2015 under which Africa Energy SA Corp. will acquire all of the issued and outstanding shares of Thombo Petroleum Ltd. which holds a 34.5% participating interest Block 2B for cash consideration of US$2.0 million plus the issuance of 14.8 million new common shares of Africa. Africa has also agreed to issue up to an additional 20 million common shares of Africa and, at the option of Africa, to either pay and/or issue up to US$1.5 million in additional contingent cash and/or shares of Africa, both payable on milestones associated with the commercialization of Block 2B (Africa will be required to pay the transaction fee required pursuant to Exchange Policy 1.3 prior to issuing any of the additional contingent consideration shares); and
- a farmout agreement between Simbo Petroleum No. 2. Ltd. ("Simbo") and Africa Energy SA Corp. dated December 16, 2015 under which Africa Energy SA Corp. will acquire a 30.5% participating interest Block 2B in consideration for which Africa will reimburse Simbo for a maximum US$0.3 million of net back costs and will fund costs for Simbo's remaining 10% participating interest associated with the drilling and testing of the next well in Block 2B.
Insider / Pro Group Participation: Nil.
For further information please refer to Africa's news release dated December 16, 2015 which is available under Africa's profile on SEDAR.
________________________________________
AURAMEX RESOURCE CORP. ("AUX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Discretionary Waiver Non-Brokered Private Placement announced February 24, 2016:
| Number of Shares: |
2,500,000 shares |
|
| Purchase Price: |
$0.01 per share |
|
| Warrants: |
2,500,000 share purchase warrants to purchase 2,500,000 shares |
|
| Warrant Exercise Price: |
$0.05 for a 90-day period |
|
| Number of Placees: |
3 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Wayne Crocker |
Y |
1,000,000 |
| B. Marie Brannstrom |
Y |
1,000,000 |
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. 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.
________________________________________
BLACK LION CAPITAL CORP ("BLC.P")
BULLETIN TYPE: Resume Trading, Correction
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, April 5, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
BURNSTONE VENTURES INC. ("BVE")
BULLETIN TYPE: Halt
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
Effective at 12:53 p.m. PST, April 5, 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.
________________________________________
CACHE EXPLORATIONS INC. ("CAY")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing a letter of intent dated March 15, 2016 (the 'Agreement'), between Cache Explorations Inc. ('Cache') and Matica Enterprises Inc. ('Matica'). Pursuant to the Agreement, Matica has granted Cache and option to acquire up to an 80% interest in the McGee Lithium Project located in Nevada.
Under the terms of the Agreement, Cache can earn an initial 60% interest in the McGee Lithium Project by:
- Incurring cumulative exploration expenditures of US$350,000 on the McGee Lithium Project within three years of the date of this Exchange bulletin ("Exchange Approval");
- Paying an initial payment of $15,000 in cash or shares within 30 days of Exchange Approval;
- Paying $75,000 in cash or shares on the first anniversary after Exchange Approval;
- Paying $75,000 in cash or shares on the second anniversary of Exchange Approval;
After completing the initial 60% earn-in, Cache will be entitled to earn an additional 10% interest in the McGee Lithium Project (for a total 70% interest) by making a payment of $150,000 in cash or shares within one year of earning the initial 60% interest.
Cache will then have the right to earn an additional 10% interest in the McGee Lithium Project (for a total 80% interest) by making a further payment of $150,000 in cash or shares within one year of earning the 70% interest.
Cache are appointed the managers of the project and as such are entitled to charge a 10% management fee on the exploration expenditures that are made on the project. The existing rights to purchase any of the underlying property royalty from the original property vendors will be owned proportionately to the property interests as held between Cache and Matica.
Insider / Pro Group Participation: Charn Deol is a director of Cache and Matica.
For further information please refer to Cache's news release dated March 18, 2016 which is available under Cache's profile on SEDAR.
________________________________________
ENCANTO POTASH CORP. ("EPO")
BULLETIN TYPE: Convertible Debenture/s, Amendment
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the replacement of the following convertible debentures:
| Convertible Debenture: |
$7,699,931.50 |
| Conversion Price: |
Convertible into 76,999,315 common shares at $0.10 per share. |
| Original Maturity Date: |
January 14, 2015, amended to January 14, 2016 |
| New Maturity Date: |
September 1, 2017 |
| Original Interest Rate: |
5% per annum |
| New Interest Rate: |
7.5% per annum |
| Number of Placees: |
3 Placees |
The convertible debentures were issued pursuant to a private placement that was originally accepted for filing by the Exchange effective January 14, 2013 and amended as of September 5, 2014.
________________________________________
EQUITAS RESOURCES CORP. ("EQT")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Mar 04, 2016:
| Number of Shares: |
30,000,000 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
30,000,000 share purchase warrants to purchase 30,000,000 shares |
|
| Warrant Initial Exercise Price: |
$0.10 |
|
| Warrant Term to Expiry: |
2 Years |
|
| Number of Placees: |
32 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
Pro-Group=P |
# of Shares |
| Ridge Resources Ltd. |
||
| Kyler Hardy |
Y |
4,231,400 |
| Zimtu Capital Corp. |
||
| David Hodge |
Y |
5,700,000 |
| EFMX Consulting Ltd. |
||
| Everett Makela |
Y |
500,000 |
| Finder's Fee: |
||
| Canaccord Genuity Corp |
$1,600.00 cash; 32,000 warrants |
|
| Delbrook Capital |
$30,000.00 cash; 600,000 warrants |
|
| Finder Warrant Initial Exercise Price: |
$0.10 |
|
| Finder Warrant Term to Expiry: |
two years from closing date |
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 guarantees 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.
________________________________________
FAIRMONT RESOURCES INC. ("FMR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 6, 2016
TSX Venture Tier 1 Company
Effective at the open, Thursday, April 7, 2016, trading in Fairmont Resources Inc. ("Fairmont") common shares will resume, satisfactory documentation having been received by the Exchange in respect of an acceptance of offer by Fairmont to acquire the former assets of Granitos de Badajoz S.A. from a Spanish court appointed receiver dated March 10, 2016 (the "Reviewable Transaction").
This resumption of trading does not constitute acceptance of the Reviewable Transaction, and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. Ardonblue is required to submit all of the required documentation relating to the Reviewable Transaction.
Completion of the Reviewable Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There is a risk that the Reviewable Transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance.
For further information, please see the news release dated March 21, 2016 which is available under Fairmont's profile on SEDAR.
________________________________________
FOCUS VENTURES LTD. ("FCV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 22, 2016:
| Number of Shares: |
3,850,000 shares |
|
| Purchase Price: |
$0.065 per share |
|
| Warrants: |
3,850,000 share purchase warrants to purchase 3,850,000 shares |
|
| Warrant Exercise Price: |
$0.065 for a one year period |
|
| Number of Placees: |
4 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Simon Ridgway |
Y |
695,384 |
| Aggregate Pro Group |
||
| Involvement [1 Placee] |
P |
384,616 |
The Company issued a news release on April 6, 2016 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.
________________________________________
GENSOURCE POTASH CORPORATION ("GSP")
BULLETIN TYPE: Halt
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, April 6, 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.
________________________________________
GOLDEN DAWN MINERALS INC ("GOM")
BULLETIN TYPE: Halt
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
Effective at 10:32 a.m. PST, April 6, 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.
________________________________________
GOLDEN VALLEY MINES LTD. ("GZZ")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to Amended and Restated Letters of Intent Royalty Agreements dated January 26, 2016, between Abitibi Royalties Inc. ("Abitibi"), Golden Valley Mines Ltd. (the "Company") and the Company's joint venture partner, Integra Gold Corp. The terms of the agreements consist in the Company's disposition to Abitibi of a 2% net smelter royalty (the "NSR") on each of two set of claims located in Québec. The first set of claims includes two prospects called Bogside NW and Riverside, which consist of an aggregate of 10 mineral claims, and the second set of claims includes a prospect called Bogside, which consists of 15 mineral claims, all in Québec.
The consideration payable by Abitibi for the acquisition of the NSR consists in the reimbursement to the Company of future exploration work required to keep the Bogside mineral claims in good standing up to a maximum of $13,750.70 and the payment to the Company of $11,692.92 in cash.
For further details, please refer to the press release of the Company dated February 18, 2016.
LES MINES DE LA VALLEE DE L'OR LTEE ("GZZ")
TYPE DE BULLETIN : Convention de vente d'actif ou convention de vente d'actions
DATE DU BULLETIN : Le 6 avril 2016
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à des lettres d'intention de convention de royautés datées du 26 janvier 2016, entre Les redevances Abitibi inc. (« Abitibi »), Les mines de la vallée de l'or ltée (la « société ») et le partenaire de la société, Integra Gold Corp. Les modalités des ententes consistent en la vente par la société à Abitibi d'une royauté nette de fonderie (« NSR ») de 2% portant sur deux séries de claims situées au Québec. La première série de claims inclue deux projets appelés Bogside NW et Riverside, qui consistent en un total de 10 claims miniers, et la deuxième série de claims inclue un projet appelé Bogside qui consiste en 15 claims miniers, tous situés au Québec.
La considération payable par Abitibi pour l'acquisition des NSR consiste au remboursement à la société de travaux d'exploration futurs requis afin de garder les claims miniers Bogside en règle jusqu'à un maximum de 13 750,70 $ et le paiement à la société de 11 692,92 $ en espèces.
Pour plus d'information, veuillez vous référer au communiqué de presse de la société daté du 18 février 2016.
_________________________________________
NUVOLT CORPORATION INC. ("NCO.H")
[formerly Nuvolt Corporation Inc. ("NCO")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: April 6, 2016
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 Thursday, April 7, 2016, 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 Montreal to NEX.
As of April 7, 2016, 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 NCO to NCO.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.
Further to the TSX Venture bulletin dated December 31, 2015, trading in the shares of the Company will remain suspended.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
_______________________________________
PETROMANAS ENERGY INC. ("PMI")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Sale and Purchase Agreement (the "Agreement") between Petromanas Energy Inc. (the "Company") and Shell Upstream Albania B.V. ("Shell"), a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which Shell has agreed to acquire all of the Company's Albanian assets (the "Assets"). In consideration, Shell will pay USD$45 million cash, subject to closing adjustments.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press releases dated February 1, 2016 and March 31, 2016.
________________________________________
SALAZAR RESOURCES LIMITED ("SRL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 6, 2016
TSX Venture Tier 1 Company
Effective at 5:00 a.m. PST, April 6, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
SNIPGOLD CORP. ("SGG")
BULLETIN TYPE: Halt
BULLETIN DATE: April 6, 2016
TSX Venture Tier 2 Company
Effective at 8:07 a.m. PST, April 6, 2016, trading in the shares of the Company was halted pending company contract. 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.
________________________________________
WEALTH MINERALS LTD. ("WML")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: Apr 06, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Mar 24, 2016:
| Number of Shares: |
7,780,000 shares |
|
| Purchase Price: |
$0.20 per share |
|
| Number of Placees: |
36 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
Pro-Group=P |
# of Shares |
| Aggregate Pro-Group |
||
| Involvement [6 Placees] |
P |
805,000 |
| Finder's Fee: |
||
| Haywood Securities Inc. |
$13,510.00 cash |
|
| Gordon Dycke |
$26,600.00 cash |
|
| Canfarm Investments Ltd. |
$17,080.00 cash |
|
| Canaccord Genuity Corp. |
$6,230.00 cash |
|
| Max Sali |
$1,400.00 cash |
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantees 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.
________________________________________
NEX COMPANIES
VERONA DEVELOPMENT CORP. ("VDC.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 6, 2016
NEX Company
Effective at 5:00 a.m. PST, April 6, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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