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TSX Venture Exchange Daily Bulletins
VANCOUVER, May 9, 2016 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 6, 2016
TSX Venture Company
A Cease Trade Order has been issued by the Alberta Securities Commission on May 6, 2016 against the following company/ies for failing to file the documents indicated within the required time period:
|
Symbol |
Tier |
Company |
Failure to File |
Period |
|
SOF |
2 |
International SoftRock Oil Company Ltd. |
annual audited financial statements, annual management's discussion and analysis, and certification of annual filings |
2015/12/31 |
|
OOI |
2 |
Oil Optimization Inc |
annual audited financial statements, annual management's discussion and analysis, and certification of annual filings |
2015/12/31 |
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.
________________________________________
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
A Cease Trade Order has been issued by the Autorité des marchés financiers on May 9, 2016, against the following Company for failing to file the document indicated within the required time period:
|
Symbol |
Company |
Failure to File |
Period |
|
("MAO") |
Maudore Minerals Ltd. |
Annual Financial Statements |
15/12/31 |
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 Company during the period of the suspension or until further notice.
TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 9 mai 2016
Société du groupe 2 de TSX Croissance
Une interdiction d'opérations sur valeurs a été émise le 9 mai 2016 par l'Autorité des marchés financiers envers la société suivante pour défaut de déposer le document indiqué dans la période prescrite :
|
Symbole |
Société |
Défaut de déposer |
Période se |
|
(« MAO ») |
Minéraux Maudore Ltée |
États financiers annuels |
15/12/31 |
Suite à l'interdiction d'opérations sur valeurs, la négociation des titres de la société demeurera suspendue jusqu'à ce que la société réponde aux normes de Bourse de croissance TSX. Il est interdit aux membres de transiger les titres de la société durant la période de suspension ou jusqu'à un avis ultérieur.
_________________________________________________
AFRICAN GOLD GROUP, INC. ("AGG")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension of the expiry date of the following warrants:
|
Private Placement: |
|
|
# of Warrants: |
10,002,601 |
|
Original Expiry Date of Warrants: |
May 21, 2016 |
|
New Expiry Date of Warrants: |
May 21, 2017 |
|
Exercise Price of Warrants: |
$0.18 |
These warrants were issued pursuant to a private placement of 20,005,208 common shares with 10,002,601 share purchase warrants attached, which was accepted for filing by the Exchange effective May 28, 2014.
________________________________________
ATLANTIC GOLD CORPORATION ("AGB") ("AGB.WT")
BULLETIN TYPE: Halt
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
Effective at 6:28 a.m. PST, May 9, 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.
________________________________________
ATLANTIC GOLD CORPORATION ("AGB") ("AGB.WT")
BULLETIN TYPE: Resume Trading
ULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
Effective at 8:00 a.m. PST, May 9, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
ANTIBE THERAPEUTICS INC. ("ATE")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 18, 2016:
|
Convertible Debenture |
$77,587.19 |
|
Conversion Price |
Convertible into shares at $0.22 of principle per share until maturity |
|
Maturity Date |
October 15, 2018 |
|
Interest Rate |
10% per annum |
|
Number of Placees: |
25 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.
________________________________________
CANADA RARE EARTH CORP. ("LL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
Effective at 11:00 a.m. PST, May 9, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
COPPER CREEK GOLD CORP. ("CPV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 3, 2016:
|
Number of Shares: |
1,416,666 shares |
|
Purchase Price: |
$0.06 per share |
|
Warrants: |
1,416,666 share purchase warrants to purchase 1,416,666 shares |
|
Warrant Exercise Price: |
$0.10 for an eighteen-month period |
|
Number of Placees: |
15 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: Shares for Debt
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,205,000 shares at a deemed value of $0.08 per share to settle outstanding debt for $176,400.
Number of Creditors: 2 Creditors
Insider / Pro Group Participation:
|
Creditor |
Insider=Y / |
Amount |
Deemed Price |
# of Shares |
|
Craig Schneider |
Y |
$57,500 |
$0.08 |
718,750 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
CRICKET MEDIA GROUP LTD. ("CKT")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 9, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 23, 2016:
|
Convertible Debentures |
US$1,582,000 |
|
Conversion Prices |
Convertible into Series B preferred shares at US$0.25 of principle per share until maturity. Each Series B preferred share is convertible into one restricted voting common share (each convertible into one common share) |
|
Maturity Date |
April 30, 2016 |
|
Interest Rate |
5% per annum |
|
Number of Placees: |
11 Placees |
Insider / Pro Group Participation:
|
Name |
Insider=Y / |
Amount |
|
W.J. Raduchel Revocable Trust |
Y |
$32,000 |
|
(William Raduchel) |
||
|
Shaman II, LLC |
Y |
$211,000 |
|
(Miles Gilburne & Nina Zolt) |
||
|
Aggregate Pro Group Involvement |
P |
$228,000 |
|
[1 Placee] |
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.
________________________________________
DURANGO RESOURCES INC. ("DGO")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 383,393 shares at a deemed price of $0.07, in consideration of certain services provided to the company pursuant to an agreement dated September 4, 2015.
The Company shall issue a news release when the shares are issued.
________________________________________
EUREKA RESOURCES INC. ("EUK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 7, 2016 and April 14, 2016:
|
Second Tranche: |
|
|
Number of Shares: |
2,033,334 shares |
|
Purchase Price: |
$0.075 per share |
|
Warrants: |
2,033,334 share purchase warrants to purchase 2,033,334 shares |
|
Warrant Exercise Price: |
$0.125 for a two year period |
|
Number of Placees: |
9 Placees |
Insider / Pro Group Participation:
|
Name |
Insider=Y / |
# of Shares |
|
Aggregate Pro Group Involvement |
P |
650,000 |
|
[2 Placees] |
||
|
Finder's Fee: |
$5,250 cash and 70,000 warrants payable to Haywood Securities Inc. |
|
|
$525 cash and 7,000 warrants payable to PI Financial Corp. |
||
|
$700 cash and 9,333 warrants payable to Canaccord Genuity Corp. |
||
|
Finder's fee warrants are exercisable at $0.075 per unit. The underlying units are under the same terms as those to be issued pursuant to the private placement. |
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.
________________________________________
KAIZEN CAPITAL CORP. ("KZN")
[formerly KAIZEN CAPITAL CORP ("KZN.H")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered, Resume Trading, Graduation from NEX to TSX Venture,
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing Kaizen Capital Corp (the "Company") Qualifying Transaction described in its Filing Statement dated April 6, 2016. As a result, at the opening on Tuesday, May 10, 2016, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following: Acquisition Agreement (the "Agreement") with Tudor Holdings Ltd ("Tudor") to purchase its interest in the Mackie Property, British Columbia (the "Property") which comprises 17 mineral claims. Tudor has an option to earn a 100% interest in the Property subject to a 2% net smelter royalty to the underlying property owners.
In order to acquire Tudor's interest in the Mackie Property, the Company must issue 30,000,000 shares to Tudor and assume Tudor's obligations to the property which includes paying a total cash consideration of $2,175,000 over the next 4 years to the underlying property owners. The Tudor Holdings Ltd has already paid $75,000.
|
Capitalization: |
Unlimited shares with no par value of which |
|
44,905,000 shares are issued and outstanding | |
|
Escrow: |
575,000 shares are subject to a 3 year CPC Escrow |
|
30,000,000 shares are subject to an Exchange 3 year value Escrow | |
|
Symbol: |
KZN same symbol as CPC but with .H removed |
The transaction is arms length.
Graduation from NEX
The Company has met the requirements to be listed as a TSX Venture Tier Company. Therefore, effective on Tuesday, May 10, 2016, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to TSX Venture Exchange.
The Company is classified as a 'mineral exploration' company.
Private Placement
TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered Private Placement announced January 14, 2016:
|
Number of Shares: |
11,880,000 shares |
|
Purchase Price: |
$0.10 per share |
|
Number of Placees: |
52 Placees |
Insider / Pro Group Participation:
|
Name |
Insider=Y / |
# of Shares |
|
Aggregate Pro Group Involvement |
330,000 | |
|
[5 Placees] |
||
|
Finder's Fee: |
Leede Jones Gable Inc. received a cash fee in the amount of $42,500.00. |
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.
Company Contact: Aris Morfopoulos
Company Address: Suite 900-1021 West Hastings Street, Vancouver, BC, V6E 0C3
Company Phone Number: 604-721-2650
Company Email Address: aris@morfopoulos.com
______________________________________
MAGNUM GOLDCORP INC. ("MGI")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 269,231 bonus shares to the following insiders: in consideration of a loan of $87,500 with a term of one year and interest payable at 1% per month (12% per annum)..
|
Shares |
Warrants | |
|
Criterion Capital Corporation (Douglas Mason) |
76,923 |
nil |
|
Kennedy-Hill Financial Group Inc. |
76,923 |
nil |
|
(Daniel B. Evans, David H. Evans) |
||
|
David H. Evans |
76,923 |
nil |
________________________________________
NOBEL REAL ESTATE INVESTMENT TRUST ("NEL.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: May 6, 2016
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
|
Distribution per Unit: |
$0.014165 |
|
Payable Date: |
June 15, 2016 |
|
Record Date: |
May 31, 2016 |
|
Ex-Distribution Date: |
May 27, 2016 |
________________________________________
PACIFIC POTASH CORPORATION ("PP")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated November 4, 2015, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission dated November 4, 2015 has been revoked.
Effective at the opening, Tuesday May 10, 2016 trading will be reinstated in the securities of the Company.
_______________________________________
RELIQ HEALTH TECHNOLOGIES INC. ("RHT")
[formerly MOSEDA TECHNOLOGIES INC. ("MSD")]
BULLETIN TYPE: Name Change
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
Pursuant to a resolution passed by Directors, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Tuesday May 10, 2016, the common shares of Reliq Health Technologies Inc. will commence trading on TSX Venture Exchange, and the common shares of Moseda Technologies Inc. will be delisted. The Company is classified as an Industrial/Technology company.
|
Capitalization: |
unlimited shares with no par value of which |
|
53,023,521 shares are issued and outstanding | |
|
Escrow: |
4,155,853 |
|
Transfer Agent: |
Computershare Investor Services Inc. |
|
Trading Symbol: |
RHT (new) |
|
CUSIP Number: |
75955T103 (new) |
________________________________________
TRANSGAMING INC. ("TNG")
BULLETIN TYPE: Halt
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
Effective at 6:14 a.m. PST, May 9, 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.
________________________________________
TRANSGAMING INC. ("TNG")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated May 9, 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.
________________________________________
XYLITOL CANADA INC. ("XYL")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 11, 2016:
|
Convertible Debentures |
$960,000 |
|
Conversion Prices |
Convertible into shares at $0.10 of principle per share until maturity |
|
Maturity Date |
four years from issuance |
|
Interest Rate |
greater of (i) an annual interest rate of 15% payable per annum and (ii) a royalty equal to 3% of net sales per annum, subject to an annualized combined effective interest of a maximum of 24% |
|
Warrants: |
960,000 detachable share purchase warrants to purchase 960,000 shares |
|
Warrant Exercise Price: |
$0.08 for a two year period |
|
Number of Placees: |
2 Placees |
Insider / Pro Group Participation:
|
Name |
Insider=Y / |
Amount |
|
Dundee Agricultural Corporation |
Y |
$250,000 |
|
Fountain Asset Corp. |
Y |
$710,000 |
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.
________________________________________
XYLITOL CANADA INC. ("XYL")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 11, 2016:
|
Convertible Debentures |
$250,000 |
|
Conversion Prices |
Convertible into shares at $0.10 of principle per share until maturity |
|
Maturity Date |
three years from issuance |
|
Interest Rate |
10% per annum |
|
Warrants: |
500,000 detachable share purchase warrants to purchase 500,000 shares |
|
Warrant Exercise Price: |
$0.15 for a three year period |
|
Number of Placees: |
1 Placee |
Insider / Pro Group Participation:
|
Name |
Insider=Y / |
Amount |
|
Dundee Agricultural Corporation |
Y |
$250,000 |
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.
________________________________________
ZENYATTA VENTURES LTD. ("ZEN")("ZEN.RT")
BULLETIN TYPE: Rights Offering-Shares
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
The Company has announced it will offer to Shareholders of record on May 13, 2016, Rights to purchase shares of the Company. One (1) Right will be issued for each share held. Fifteen (15) Rights and $0.75 are required to purchase one Share. The expiry date for the Rights Offering is June 10, 2016. As at May 2, 2016 the Company had 58,954,016 shares issued and outstanding.
Effective at the opening, Wednesday, May 11, 2016, the shares of the Company will trade Ex-Rights and the Rights will commence trading at that time on a 'when-issued basis'. The Company is classified as a 'Mining' company.
|
Summary: |
|
|
Basis of Offering: |
Fifteen (15) Rights exercisable for One (1) Share at $0.75 per Share |
|
Record Date: |
May 13, 2016 |
|
Shares Trade Ex-Rights: |
May 11, 2016 |
|
Rights Called for Trading: |
May 11, 2016 |
|
Rights Trade for Cash: |
June 7, 2016 |
|
- Trading in the rights shall be for cash for the three trading days preceding the expiry date. | |
|
Rights Expire: |
June 10, 2016, 5:00 PM (EST) |
TRADE DATES
June 7, 2016 - TO SETTLE – June 8, 2016
June 8, 2016 - TO SETTLE – June 9, 2016
June 9, 2016 - TO SETTLE – June 10, 2016
June 10, 2016 - TO SETTLE – June 10, 2016
|
Rights Trading Symbol: |
ZEN.RT |
|
Rights CUSIP Number: |
98943A127 |
|
Subscription Agent and Trustee: |
Capital Transfer Agency Inc. |
|
Authorized Jurisdiction(s): |
All Provinces and Territories of Canada |
For further details, please refer to the Company's Rights Offering Circular dated May 9, 2016.
The Company's Rights Offering Circular has been filed with and accepted by TSX Venture Exchange.
________________________________________
NEX COMPANIES
TRENCHANT CAPITAL CORP. ("TCC.H")
[formerly Echelon Petroleum Corp. ("ECH.H")]
BULLETIN TYPE: Name Change
BULLETIN DATE: May 9, 2016
NEX Company
Pursuant to a resolution passed by the Board of Directors on April 22, 2016, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening May 10, 2016, the common shares of Trenchant Capital Corp. will commence trading on TSX Venture Exchange, and the common shares of Echelon Petroleum Corp. will be delisted. The Company is classified as a 'Oil and Gas Extraction' company.
|
Capitalization: |
Unlimited shares with no par value of which |
|
11,535,885 shares are issued and outstanding | |
|
Escrow: |
Nil |
|
Transfer Agent: |
Computershare Investor Services Inc. |
|
Trading Symbol: |
TCC (new) |
|
CUSIP Number: |
89485R107 (new) |
________________________________________
SOURCE TSX Venture Exchange
For further information: Market Information Services at 1-888-873-8392, or email: information@venture.com
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