TSX Venture Exchange Daily Bulletins
VANCOUVER, Feb. 15, 2017 /CNW/ -
TSX VENTURES COMPANIES
ALDEVER RESOURCES INC. ("ALD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2017
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 8, 2017:
| Number of Shares: |
4,270,000 shares (2,617,500 Flow-through and 1,652,500 Non Flow-through) |
| Purchase Price: |
$0.08 per share |
| Warrants: |
2,961,250 share purchase warrants to purchase 2,961,250 shares |
| Warrant Exercise Price: |
$0.12 for a three year period |
| Number of Placees: |
17 Placees |
| Finder's Fee: |
EMD Financial Inc. $29,160 cash, 182,250 common shares and 132,438 warrants payable. Each warrant is exercisable into one common share at $0.08 for three years from closing. |
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.]
________________________________________
Deep-South Resources Inc. ("DSM")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 14, 2017, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to Listings Policy 5.6(d) of Exchange Policy 5.3.
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.
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DUNCAN PARK HOLDINGS CORPORATION ("DPH")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and accepted the change of the Filing and Regional Office from Toronto to Montreal.
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EARTHWORKS INDUSTRIES INC. ("EWK")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
| # of Warrants: |
1,615,000 |
| Original Expiry Date of Warrants: |
December 17, 2015, |
| New Expiry Date of Warrants: |
August 31, 2017 |
| Exercise Price of Warrants: |
$0.20 |
These warrants were issued pursuant to a private placement of 3,230,000 shares with 1,615,000 share purchase warrants attached, which was accepted for filing by the Exchange effective December 17, 2013.
________________________________________
GENESIS METALS CORP. ("GIS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 14, 2017:
| Number of Shares: |
4,400,000 shares |
| Purchase Price: |
$0.15 per share |
| Warrants: |
2,200,000 share purchase warrants to purchase 2,200,000 shares |
| Warrant Exercise Price: |
$0.25 for a two year period |
| Number of Placees: |
23 Placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / ProGroup=P |
# of Shares |
| Adrian Fleming |
Y |
100,000 |
| Finder's Fee: |
$3,600 payable to Fidelity Clearing Canada, with 24,000 warrants exercisable at $0.25 for two years |
| $8,004 payable to Haywood Securities Inc., with 53,360 warrants exercisable at $0.25 for two years |
|
| $8,000 payable to Raymond James Ltd., with 53,335 warrants exercisable at $0.25 for two years |
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.
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GRANADA GOLD MINE INC. ("GGM")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
The Issuer has declared the following dividend(s):
| Dividend per Common Share: |
0.006445 units of Castle Silver Resources Inc. per one common share of the Company (2,500,000 Castle Silver Resources Inc. units to be distributed pro rata to the Company's shareholders) |
| Payable Date: |
February 27, 2017 |
| Record Date: |
February 22, 2017 |
| Ex-Dividend Date: |
February 17, 2017 |
Each whole Castle Silver Resources Inc. unit consists of one share and one warrant, each warrant exercisable at $0.10 on or before September 15, 2017.
Please refer to the Company's news release of February 10, 2017 for further details.
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HALIO ENERGY INC. ("HOIL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 24, 2017:
| Number of Shares: |
604,000 shares |
| Purchase Price: |
$1.20 per share |
| Number of Placees: |
13 placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / |
# of Shares |
| Miodrag Andric |
Y |
45,000 |
| Hadj Gill |
Y |
85,000 |
| James Nelson |
Y |
3,500 |
| Carpe Diem Acquisition Corporation (Charles Ross) |
Y |
67,500 |
The Company issued a news release on February 13, 2017 confirming closing of the private placement.
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IDENTILLECT TECHNOLOGIES CORP. ("ID")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 19, 2017:
| Number of Shares: |
23,033,334 shares |
| Purchase Price: |
$0.06 per share |
| Warrants: |
11,516,667 share purchase warrants to purchase 11,516,667 shares |
| Warrant Exercise Price: |
$0.15 for a one year period |
| Number of Placees: |
30 Placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / |
# of Shares |
| Natgar Capital Corp. (Jeff Durno) |
Y |
850,000 |
| Managerial Insights LLC (Todd Sexton) |
Y |
800,000 |
| Aggregate Pro Group Involvement |
P |
4,866,667 |
| [3 Placees] |
| Finder's Fee: |
$48,240 payable to Haywood Securities Inc., with 804,000 warrants exercisable at $0.15 for one year |
The Company issued a news release on January 27, 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.
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JAXON MINERALS INC. ("JAX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an option to purchase and royalty agreement dated December 15, 2016 (the 'Agreement') between the Company and Martial Harmand Levasseur (the 'Optionor'). Pursuant to the terms of the Agreement, the Company may acquire a 100% interest in certain mining claims in BC (the 'Property'). By way of consideration, the Company will issue 300,000 shares at a deemed price of $0.07 per share. The Property is subject to a 1% NSR in favour of the Optionor.
Please refer to the Company's news releases dated November 23, 2016 and December 13, 2016 for further details.
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JDL GOLD CORP. ("JDL") ("JDL.WT")
BULLETIN TYPE: Halt
BULLETIN DATE: February 15, 2017
TSX Venture Tier 1 Company
Effective at 12:03 p.m. PST, February 14, 2017, 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.
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JDL GOLD CORP. ("JDL") ("JDL.WT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 15, 2017
TSX Venture Tier 1 Company
Effective at 5:00 a.m. PST, February 15, 2017, shares of the Company resumed trading, an announcement having been made.
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JET METAL CORP. ("JET")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: February 15, 2017May 11, 2001
TSX Venture Tier 2 Company
Jet Metal Corp. ("Jet") has closed its financing pursuant to its Short Form Prospectus (the "Prospectus") dated January 30, 2017 which was filed with and accepted by TSX Venture Exchange Inc., and filed with and receipted by the securities commissions in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon and Northwest Territories on January 31, 2017, pursuant to the provisions of the applicable Securities Acts (the "Offering").
TSX Venture Exchange has been advised that the Offering closed on February 14, 2017, for gross proceeds of $6,833,610.
| Agents: |
Mackie Research Capital Corporation (the "Lead Agent"), together with Haywood Securities Inc., PI Financial Corp. and Echelon Wealth Partners Inc. (together with Lead Agent, the "Agents") acted as agents in respect of the Offering. |
| Offering: |
22,778,700 subscription receipts which will entitle the holder to receive 22,778,700 units (the "Units") upon completion of Jet's transaction with Canada Jetlines Ltd. ("Jetlines"). Each Unit will consist of, depending on the residency of the purchaser, one common share or one variable voting share of Jet (each, a "Unit Share") and one half of one share purchase warrant (each whole warrant, a "Warrant"). |
| Price: |
$0.30 per subscription receipt (the "Offering Price") |
| Warrant Exercise Price/Term: |
Each Warrant shall entitle the holder thereof to purchase, depending on the residency of the purchaser, one common share or one variable voting share of Jet (each, a "Warrant Share") at a price of $0.50 for a period of 24 months following closing of the transaction with Jetlines. |
| Agent Commission: |
Jet agreed to pay the Agents a cash commission equal to 6.0% of the gross proceeds of the Offering (being $410,016.60, of which 50% was paid at closing) and an advisory fee equal to 1.5% of the gross proceeds of the Offering (being $102,504.15), (ii) issue to the Agents 1,708,402 share purchase warrants (each, an "Agents' Warrant"), with each Agents' Warrant entitling the holder to acquire one Unit at the Offering Price until the date that is 24 months from the date of closing of the transaction with Jetlines, (iii) pay the Agents a work fee in the amount of $25,000 plus HST, and (iv) reimburse the Agents for their reasonable expenses in connection with the Offering. |
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MONTAN MINING CORP. ("MNY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Share Exchange Agreement dated Dec 14, 2016 ("Agreement"), among Montan Mining Corp. (the "Company") and Cerro Dorado S.A.C ("Cerro") and Chazel Capital Inc. ("Chazel") for the Company to acquire Chazel's subsidiary Cerro Dorado S.A.C., which holds an option to 4 concessions totalling 1,172 hectares, and permits to operate the Rey Salomon gold mine with 2km of underground development, 32 identified veins, and a 60 tonnes per day carbon-in-pulp processing plant permitted for up to 100 tonnes per day (the "Assets"). Cerro Dorado S.A.C. directly owns all of the plant assets and equipment for a 40-person camp, and holds certain permits (water, camp) in its own right. The Assets are located in the department of Arequipa, province of Caravelí, Peru.
As consideration for the transaction the Company will issue to André Savard, the 100% shareholder of Chazel Capital Inc;
- 10,000,000 shares escrowed with 21,000,000 released immediately and 1,500,000 released every 3 6 months from the closing date; if the Company achieves Tier 1 status, 2,500,000 shares will be released from escrow every 6 months.
- 2,000,000 shares upon sale of 1,000 ounces of gold-contained ore or dore from either the Rey Salomon gold mine or the associated plant; and
- 2,000,000 shares upon sale of additional 2,000 ounces (for aggregate of 3,000 ounces) of gold contained ore or dore from either the Rey Salomon gold mine or the associated plant.
All shares are subject to the mandatory 4 month hold period after issuance.
The Company has confirmed that the transaction has closed on Jan 17, 2017.
Further information on the transaction is available in news release, in the Company's SEDAR filings, dated Nov 1, 2016 to Jan 17, 2017.
| CASH |
SHARES |
WORK EXPENDITURES |
|
| Chazel Capital Inc (André Savard) |
$0 |
14,000,000 |
$0 |
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NORTHERN EMPIRE RESOURCES CORP. ("NM")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 9, 2017, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to Listings Policy 5.6(d) of Exchange Policy 5.3.
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.
________________________________________
PHARMACAN CAPITAL CORP. ("MJN")
BULLETIN TYPE: Halt
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Effective at 12:29 p.m. PST, February 14, 2017, 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.
________________________________________
PHARMACAN CAPITAL CORP. ("MJN")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, February 15, 2017, shares of the Company resumed trading, an announcement having been made.
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SCIENTIFIC METALS CORP. ("STM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 10, 2017:
| Number of Shares: |
2,173,913 common share units ("Units"). Each Unit is comprised of one common share and one common share purchase warrant. |
| Purchase Price: |
$0.23 per Unit |
| Warrants: |
2,173,913 share purchase warrants to purchase 2,173,913 shares |
| Warrant Exercise Price: |
$0.40 until August 10, 2018 |
| Number of Placees: |
9 Placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / |
# of Units |
| Galloway Financial Services Inc. |
Y |
260,870 |
| (Wayne Tisdale) |
Finder's Fee: None
________________________________________
SG Spirit Gold Inc. ("SG")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 10, 2017, 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.
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STANDARD GRAPHITE CORPORATION ("SGH")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Further to TSX Venture Exchange bulletin dated February 7, 2017, the correct Pro-Group participation is 1,300,000 shares and 3 placees.
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STARLIGHT U.S. MULTI-FAMILY (NO.5) CORE FUND ("STUS.A") ("STUS.U")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: February 15, 2017
TSX Venture Tier 1 Company
The Issuer has declared the following distribution(s):
| Distribution per Cl A: |
CDN$0.05417 |
| Distribution per Cl U: |
US$0.05417 |
| Payable Date: |
March 15, 2017 |
| Record Date: |
February 28, 2017 |
| Ex-Distribution Date: |
February 24, 2017 |
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STRATEGIC OIL & GAS LTD. ("SOG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue $3,724,000 convertible debentures ("Interest Convertible Debentures") as payment in kind in relation to interested owed on a convertible debenture ("Convertible Debenture") financing for $94,851,000 which closed on February 29, 2016. Terms of the Interest Convertible Debentures, including the date of maturity, are identical to the Convertible Debentures other than the conversion price set at $0.135 per common share.
Number of Creditors: 30 Creditors
Insider / Pro Group Participation:
| Creditor |
Insider=Y |
Amount Owing |
Amount of Debentures |
| Michael Graham |
Y |
$62,000 |
$62,000 |
| Barbara Joy |
Y |
$10,000 |
$10,000 |
| Cody Smith |
Y |
$1,000 |
$1,000 |
| D. Richard Skeith |
Y |
$2,000 |
$2,000 |
| Gurpreet Sawhney |
Y |
$1,000 |
$1,000 |
| Reservoir Modeling & |
|||
| Management Ltd |
Y |
$3,000 |
$3,000 |
| Libra Advisors Canada Corp. |
Y |
$566,000 |
$566,000 |
| Thomas E. Claugus |
Y |
$88,000 |
$88,000 |
| Bay II Resource Partners L.P |
Y |
$477,000 |
$477,000 |
| Bay Resource Partners Offshore |
|||
| Master Fund L.P |
Y |
$942,000 |
$942,000 |
| Bay Resource Partners, L.P |
Y |
$616,000 |
$616,000 |
| GMT Exploration Company LLC |
Y |
$114,000 |
$110,000 |
| Lyxor/Bay Resources Partners |
|||
| Offshore Fund, Ltd. |
Y |
$91,000 |
$88,000 |
| [Aggregate Pro Group] |
|||
| 1 placee |
P |
$24,000 |
$24,000 |
Warrants: None
The Company shall issue a news release when the shares are issued and the debt extinguished.
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TIO NETWORKS CORP ("TNC")
BULLETIN TYPE: Halt
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Effective at 1:27 p.m. PST, February 14, 2017, 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.
________________________________________
TIO NETWORKS CORP ("TNC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, February 15, 2017, shares of the Company resumed trading, an announcement having been made.
________________________________________
VIRGINIA HILLS OIL CORP. ("VHO")
BULLETIN TYPE: Suspend
BULLETIN DATE: February 15, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 13, 2017 and the Company's press release dated February 13, 2017, effective at the opening February 16, 2017, trading in the shares of the Company will be suspended for failure to maintain Exchange requirements.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
________________________________________
NEX COMPANIES
CATALINA GOLD CORP. ("CA.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2017
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 30, 2017:
| Number of Shares: |
12,000,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
12,000,000 share purchase warrants to purchase 12,000,000 shares |
| Warrant Exercise Price: |
$0.10 for a one year period |
| Number of Placees: |
33 Placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / |
# of Shares |
| Aggregate Pro Group Involvement |
P |
1,100,000 |
| [5 Placees] |
| Finder's Fee: |
565,180 warrants to be issued to Mackie Research Capital Corporation. |
| Finder's fee warrants are exercisable at $0.10 per share for one year. |
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.
________________________________________
Lions Bay Capital Inc ("LBI.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 15, 2017
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 14, 2017, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to Listings Policy 2.4.
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.
________________________________________
TERRENO RESOURCES CORP. ("TNO.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2017
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 27, 2017:
| Number of Shares: |
3,000,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
3,000,000 share purchase warrants to purchase 3,000,000 shares |
| Warrant Exercise Price: |
$0.05 for a one year period |
| Number of Placees: |
6 Placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / |
# of Shares |
| Totus Inc. (Richard Patricio) |
Y |
500,000 |
| Aggregate Pro Group Involvement |
P |
100,000 |
| [1 Placee] |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on February 10, 2017.
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SOURCE TSX Venture Exchange
For further information: Market Information Services at 1-888-873-8392 or email: [email protected]
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