VANCOUVER, May 5, 2016 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 5, 2016
TSX Venture Companies
A Cease Trade Order has been issued by the Ontario Securities Commission on May 5, 2016 against the following companies for failing to file the documents indicated within the required time period:
| Symbol |
Tier |
Company |
Failure to File |
Period |
| Ending |
||||
| (Y/M/D) |
||||
| CVR |
2 |
Canadian Oil Recovery |
audited annual financial statements |
2015/12/31 |
| & Remediation Enterprises |
management's discussion and analysis |
|||
| Ltd. |
relating to the audited annual financial |
|||
| statements |
||||
| . |
certification of the foregoing filings |
|||
| as required by National Instrument |
||||
| 52-109 Certification of Disclosure in |
||||
| Issuers' Annual and Interim Filings |
||||
| EWS |
2 |
Environmental Waste |
audited annual financial statements |
2015/12/31 |
| International Inc. |
management's discussion and analysis |
|||
| relating to the audited annual financial |
||||
| statements |
||||
| certification of the foregoing filings as |
||||
| required by National Instrument 52-109 |
||||
| Certification of Disclosure in Issuers' |
||||
| annual and Interim Filings |
||||
| LTV |
2 |
Leonovus Inc. |
audited annual financial statements |
2015/12/31 |
| management's discussion and analysis |
||||
| relating to the audited annual financial |
||||
| statements |
||||
| certification of the foregoing filings as |
||||
| required by National Instrument 52-109 |
||||
| Certification of Disclosure in Issuers' |
||||
| Annual and Interim Filings |
||||
| SPP |
2 |
Spot Coffee (Canada) Ltd. |
audited annual financial statements |
2015/12/31 |
| management's discussion and analysis |
||||
| relating to the audited annual financial |
||||
| statements |
||||
| certification of the foregoing filings as |
||||
| required by National Instrument 52-109 |
||||
| Certification of Disclosure in Issuers' |
||||
| Annual and Interim Filings |
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.
________________________________________
ALMO CAPITAL CORP. ("APT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced February 3, 2016 and March 3, 2016:
| Number of Shares: |
1,000,000 shares |
|
| Purchase Price: |
$0.075 per share |
|
| Warrants: |
1,000,000 share purchase warrants to purchase 1,000,000 shares |
|
| Warrant Exercise Price: |
$0.15 for a two year period |
|
| Number of Placees: |
1 Placee |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| 1062954 B.C. Ltd. (Barry Miller) |
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.
________________________________________
ALSET ENERGY CORP. ("ION")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing a letter of intent between Alset Energy Corp. ("Alset") and Benton Resources Inc. ("Benton") dated April 21, 2016 (the "Agreement"). Under the Agreement, Alset will acquire from Benton a 100% interest in the Champion Graphite project for a payment of one million common shares of Alset to Benton and subject to a 2% NSR. Alset will have the option to buy back 1% of the NSR for $500,000.
Insider / Pro Group Participation: Stephen Stares, Michael Stares, Clint Barr and William Harper are directors of Alset and Benton.
For further information please refer to Alset's news release dated April 20, 2016 which is available under Alset's profile on SEDAR.
________________________________________
BAYHORSE SILVER INC. ("BHS")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 86,956 bonus shares in consideration of a promissory note in the principal amount of $56,000. Interest payable is at 12% per annum and the term of the loan is one year to December 31, 2016.
________________________________________
COLIBRI RESOURCE CORPORATION ("CBI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 27, 2016:
| Number of Shares: |
1,600,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
1,600,000 share purchase warrants to purchase 1,600,000 shares |
| Warrant Exercise Price: |
$0.075 in the first year |
| $0.085 in the second year |
|
| 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.
________________________________________
COREX GOLD CORPORATION ("CGE")
BULLETIN TYPE: Private Placement-Non-Brokered, Amended
BULLETIN DATE: July 27, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 11, 2015:
| Number of Shares: |
3,000,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
1,500,000 share purchase warrants to purchase 1,500,000 shares |
| Warrant Exercise Price: |
$0.15 for a two year period |
| Number of Placees: |
2 Placees |
| Finder's Fee: |
105,000 shares payable to Melvin Herdrick |
| 105,000 shares payable to Robert Toporowski |
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.
________________________________________
EMERALD HEALTH THERAPEUTICS INC. ("EMH")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 8,097,651 shares at $0.172 per share to settle outstanding debt for $1,392,796.
| Number of Creditors: |
1 Creditor |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Emerald Health Sciences Inc. |
Y |
$1,392,796 |
$0.172 |
8,097,651 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
FRONSAC REAL ESTATE INVESTMENT TRUST ("GAZ.UN")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 50,000 units at a deemed price of $0.44 per unit, to settle $22,000 debt owed to an officer for services rendered.
| Number of Creditors: |
1 Creditor |
|||
| Insider = Y / |
Amount |
Deemed Price |
Number of Shares |
|
| Creditor |
Pro Group = P |
Owing |
per Share |
issued to creditor |
| Jason Parravano |
Y |
$22,000 |
$0.44 |
50,000 |
The Company issued a news release dated May 4, 2016 in connection with that transaction.
FIDUCIE DE PLACEMENT IMMOBILIER FRONSAC ("GAZ.UN")
TYPE DE BULLETIN : Émission d'actions en règlement de services rendus
DATE DU BULLETIN : Le 5 mai 2016
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 50 000 unités au prix de 0,44 $ l'unité, en paiement de services rendus par un dirigeant totalisant 22 000 $.
| Nombre de créanciers : |
1 créancier |
|||
| Initié = Y / |
Prix par |
Nombre d'actions |
||
| Créancier |
Groupe Pro = P |
Montant dû |
action |
émises au créancier |
| Jason Parravano |
Y |
22 000 $ |
0,44 $ |
50 000 |
La société a émis un communiqué de presse daté du 4 mai 2016 relativement à la transaction.
____________________________________
MAGELLAN MINERALS LTD ("MNM")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation related to the Debt settlement Agreement (the "Agreement") between Magellan Minerals Ltd (the "Company") and Alan Carter, Dennis Moore ( collective, the "Creditors" and 1065111 B.C. Ltd. ("1065111" ) whereby the Company will transfer 99.99% of the issued & outstanding shares of Magellan Minierais Prospeccao Geologica Ltda ("Magellan Brazil") to 1065111, wholly owned by the Creditors, in full satisfaction of $500,000 of debt. Magellan Brazil is the owner of various mining rights in Brazil. The transaction received shareholder approval at the Annual General meeting of shareholder held December 2, 2015, and a board resolution on April 13, 2016 The transaction has closed May 3, 2016.
Further information on the transaction is available on SEDAR in the Company's Information Circular dated October 28, 2015; and news releases dated Dec 3, 2015 and April 20, 2016.
________________________________________
MEZZI HOLDINGS INC. ("MZI")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 333,333 bonus shares in consideration of a Loan Agreement dated April 11, 2016, between two lenders and Mezzi Holdings Inc. ('the Company'), pursuant to which the lenders have provided a loan of $125,000. The loan has a term of one year with interest of 12% per annum.
| Shares |
Warrants |
|
| 333,333 |
nil |
________________________________________
MINERAL HILL INDUSTRIES LTD ("MHI")
BULLETIN TYPE: Resume Trading, Reviewable Transaction-Announced
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
Effective at the open, Monday May 9, 2016, trading in the Company's shares will resume.
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. The Company is required to submit all of the required initial documentation relating to the transaction. IF THIS DOCUMENTATION IS NOT PROVIDED, OR IS INSUFFICIENT, A TRADING HALT MAY BE RE-IMPOSED.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.
________________________________________
NORDIC OIL AND GAS LTD. ("NOG")
BULLETIN TYPE: Halt
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
Effective at 8:20 a.m. PST, May 5, 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.
________________________________________
PROBE METALS INC. ("PRB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 5, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Property Sale Agreement (the "Agreement") dated April 28, 2016, between Probe Metals Inc. (the "Company") and three arm's length parties (collectively, the "Vendors"), whereby the Company has acquired a 100% interest in sixty-five (65) unpatented mineral claims (the "Ivanhoe Property"), located in the Timmons Mining camp, Ontario.
Under the terms of the Agreement, the Company will earn a 100% interest in the property by making aggregate cash payments of $234,000, issuing 350,000 common shares and granting two NSR royalties to the Vendors.
For further details, please refer to the Company's news release dated April 29, 2016.
________________________________________
RT MINERALS CORP. ("RTM")
BULLETIN TYPE: Consolidation
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by directors on April 22, 2016, the Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening Friday, May 6, 2016, the shares of RT Minerals Corp. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'metals and minerals - mining' company.
| Post - Consolidation |
||
| Capitalization: |
unlimited |
shares with no par value of which |
| 4,487,624 |
shares are issued and outstanding |
|
| Escrow |
nil |
shares are subject to escrow |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
RTM |
(UNCHANGED) |
| CUSIP Number: |
74976W 40 1 |
(new) |
________________________________________
SUNRIDGE GOLD CORP. ("SGC")("SGC.WT")
BULLETIN TYPE: Delist
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
Effective at the close of business May 13, 2016, the common shares will be delisted from TSX Venture Exchange at the request of the Company.
Effective at the close of business May 13, 2016, the warrants will be delisted from TSX Venture Exchange at the request of the Company.
________________________________________
URANIUM VALLEY MINES LTD. ("VZZ.H")
[formerly Uranium Valley Mines Ltd. ("VZZ")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: May 5, 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 Friday, May 6, 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 May 6, 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 VZZ to VZZ.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.
_______________________________________
WESTBRIDGE ENERGY CORPORATION ("WEB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 21, 2016 and April 26, 2016:
| Number of Shares: |
2,600,000 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
2,600,000 share purchase warrants to purchase 2,600,000 shares |
|
| Warrant Exercise Price: |
$0.05 for a three year period |
|
| Number of Placees: |
12 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Darren Collins |
Y |
40,000 |
| Mark Monaghan |
Y |
380,000 |
| Scott Kelly |
Y |
200,000 |
________________________________________
VENDETTA MINING CORP. ("VTT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 3, 2016 and April 18, 2016:
| Number of Shares: |
50,000,000 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
50,000,000 share purchase warrants to purchase 50,000,000 shares |
|
| Warrant Exercise Price: |
$0.10 for a two year period |
|
| Number of Placees: |
86 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Sheryl Dhillon |
Y |
150,000 |
| Michael Williams |
Y |
1,500,000 |
| Doug Ramshaw |
Y |
1,430,000 |
| Elysium Mining Ltd. (Peter Voulgaris) |
Y |
1,140,000 |
| Resource Capital Fund |
Y |
12,140,000 |
| Solitario Exploration & Royalty Corp. |
Y |
7,240,000 |
| Cale Moodie |
Y |
250,000 |
| Finder's Fee: |
$2,880 to Haywood Securities |
|
| $10,400 to PI Financial Group |
||
| $30,960 to Canaccord Genuity Corp. |
||
| $2,400 to Wolverton Securities |
||
| $2,800 to Wout Helsmoortel |
________________________________________
NEX COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 5, 2016
NEX Company
A Cease Trade Order has been issued by the Ontario Securities Commission on May 5, 2016 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) |
||||
| PDR.H |
NEX |
Pounder Venture |
audited annual financial statements |
2015/12/31 |
| Capital Corp. |
management's discussion and analysis |
|||
| relating to the audited annual financial |
||||
| statements |
||||
| certification of the foregoing filings |
||||
| as required by National Instrument |
||||
| 52-109 Certification of Disclosure in |
||||
| Issuers' Annual and Interim Filings |
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.
_______________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
Share this article