VANCOUVER, March 14, 2017 /CNW/ -
TSX VENTURE COMPANIES
BANDERA GOLD LTD. ("BGL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with an Option Agreement dated February 22, 2017 between the Company and Stratabound Minerals Corp. ("Stratabound") whereby the Company has been granted an option to acquire an 80% interest in the Taylor Brook Mineral Property located in New Brunswick. Consideration is 2,000,000 common shares.
Upon the Company's acquisition of the 80% interest, Stratabound shall within 90 days elect: to continue in a joint venture with the Company (80/20) with each party responsible for its pro-rata share of the exploration costs; to buy back 40% of the ownership from the Company at a price equal to 150% of the exploration expenditures; to transfer Stratabound's remaining interest in exchange for a 3% NSR. The Company shall have the right to buyout all or part of the NSR at US$1,000,000 for each 1% subject to further Exchange review and acceptance.
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ESSEX MINERALS INC. ("ESX")
BULLETIN TYPE: New Listing-IPO-Shares, Halt
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
The Company's Initial Public Offering ('IPO') Prospectus dated December 20, 2016, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission and Alberta Securities Commission on December 22, 2016, pursuant to the provisions of the Securities Act (British Columbia) and Multilateral Instrument 11-202.
The Company has completed a distribution of 3,549,007 common shares at a price of $0.15 per share and 1,000,000 flow-through shares at a price of $0.20 per flow-through share, for aggregate gross proceeds received by the Company for the Offering of $717,351.05. The Company is classified as a 'mineral exploration and development' company.
| Commence Date: |
At the opening Wednesday, March 15, 2017, the Common |
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| shares will be listed and immediately halted on TSX |
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| Venture Exchange. |
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| Corporate Jurisdiction: |
British Columbia |
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| Capitalization: |
Unlimited |
common shares with no par value of which |
| 10,375,007 |
common shares are issued and outstanding |
|
| Escrowed Shares: |
2,901,000 |
common shares |
| Transfer Agent: |
Computershare Investor Services Inc |
|
| Trading Symbol: |
ESX |
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| CUSIP Number: |
297133100 |
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| Agent: |
Cannacord Genuity Corp |
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| Agent's Warrants: |
100,000 common shares, 400,411 non-transferable share |
|
| purchase warrants. One warrant to purchase one share at |
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| $0.15 per share up to March 15, 2018. |
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| For further information, please refer to the Company's Prospectus dated December 20, 2016. |
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| Company Contact: |
Christopher Dyakowski, President and CEO |
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| Company Address: |
3750 49th Avenue, Vancouver, BC |
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| Company Phone Number: |
604-250-2844 |
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| Company Fax Number: |
604-263-7010 |
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| Company Email Address: |
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Halt
Effective at open of trading, March 15, 2017, trading in the shares of the Company was halted at the request of the Company.
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GRANADA GOLD MINE INC. ("GGM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 31, 2016:
| Number of Shares: |
25,315,789 shares |
| Purchase Price: |
$0.095 per share |
| Warrants: |
25,315,789 share purchase warrants to purchase 25,315,789 shares |
| Warrant Exercise Price: |
$0.14 for a two year period |
| Number of Placees: |
4 Placees |
| Finder's Fee: |
$162,000 payable to Secutor Capital Management Corp., with 852,631 warrants exercisable at $0.095 for two years |
| $30,400 payable to Meadowbank Asset Management Inc. |
|
| 852,632 warrants issuable to Marquest Asset Management, exercisable at $0.095 for two years |
The Company issued a news release on October 31, 2016 confirming closing of the private placement.
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INTERNATIONAL FRONTIER RESOURCES CORPORATION ("IFR")
BULLETIN TYPE: Private Placement-Brokered; Private Placement-Non-Brokered
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
Brokered Private Placement
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced January 31, 2017:
| Number of Shares: |
8,094,445 shares |
| Purchase Price: |
$0.28 per share |
Non-Brokered Private Placement
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 31, 2017:
| Number of Shares: |
9,973,715 shares |
|
| Purchase Price: |
$0.28 per share |
|
| Number of Placees: |
65 Placees |
|
| Insider / Pro Group Participation: |
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| Insider=Y / |
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| Name |
ProGroup=P |
# of Shares |
| Steve Hanson |
Y |
75,000 |
| Aggregate Pro Group |
||
| Involvement [3 Placees] |
P |
270,000 |
| Agent's Fee: |
$135,986.68 payable to PI Financial Corp. |
|
| Finder's Fee: |
$11,760 payable to Stubos Capital Inc. |
The Company issued a news release on March 3, 2017 confirming closing of the private placement.
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KESTREL GOLD INC. ("KGC")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 4, 2016, the Exchange has been advised that the Cease Trade Order issued by the Alberta Securities Commission dated February 4, 2016 has been revoked.
Effective at the opening, Wednesday, March 15 2017, trading will be reinstated in the securities of the Company.
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KISKA METALS CORPORATION ("KSK")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Delist
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an arrangement agreement (the "Agreement") dated December 22, 2016 between Kiska Metals Corporation (the "Company") and AuRico Metals Inc. ("AuRico") whereby AurRico has acquired by way of a plan of arrangement (the "Arrangement") under section 288 of the Business Corporations Act (British Columbia) all of the issued and outstanding shares of the Company.
Pursuant to the Arrangement, each Company shareholder will be entitled to receive $0.016 cash and 1/15 of a common share of AuRico for each one share of the Company.
Company shareholder approval was obtained March 1, 2017 and approval of the Arrangement was received from the Supreme Court of British Columbia on march 3, 2017. The full particulars of the Arrangement are set forth in the Company's information circular (the "Circular") dated January 27, 2017, and which is available under the Company's profile on SEDAR. Securityholders of the Company should refer to the Circular for a summary of the procedures regarding the exchange of securities of the Company for the consideration to which they are entitled under the Arrangement. The Arrangement was completed on March 8, 2017.
Delist:
Effective at the close of business, Tuesday, March 14, 2017, the common shares of the Company will be delisted from TSX Venture Exchange at the request of the Company.
________________________________________
LITHIUM X ENERGY CORP ("LIX")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
Effective Tuesday, March 14, 2017, the Company's Short Form Prospectus dated March 8, 2017 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia, Ontario and Alberta Securities Commissions, pursuant to the provisions of the Securities Acts of British Columbia, Ontario and Alberta.
TSX Venture Exchange has been advised that closing occurred on March 14, 2017, for gross proceeds of $15,010,000.
| Underwriters: |
Cannacord Genuity Corp and GMP Securities L.P. |
| Offering: |
7,900,000 shares |
| Share Price: |
$1.90 per share |
| Underwriters fee: |
Cash payment of $900,600. |
| Over-Allotment Option: |
The Underwriters have been granted an over-allotment option, exercisable at any time not later than the 30th day following the closing of the Offering, to purchase up to an additional 1,185,000 shares at the Share Price, solely to cover over-allotments, if any, and for market stabilization purposes. |
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NIGHTHAWK GOLD CORP. ("NHK")
BULLETIN TYPE: Private Placement-Brokered, Non-Brokered
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered and Non-Brokered Private Placement announced February 7 and February 8, 2017:
| Number of Shares: |
12,365,593 flow-through shares and |
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| 19,456,499 non flow-through shares |
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| Purchase Price: |
$0.93 per flow-through share |
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| $0.70 per non flow-through share |
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| Warrants: |
15,911,042 share purchase warrants to purchase 15,911,042 shares |
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| Warrant Exercise Price: |
$1.10 for an eighteen (18) month period |
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| Number of Placees: |
101 Placees |
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| Insider / Pro Group Participation: |
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| Insider=Y / |
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| Name |
ProGroup=P |
# of Shares |
| Northfield Capital Corp. |
Y |
646,259 |
| Brent Peters |
Y |
100,000 |
| 2245445 Ontario Inc. |
Y |
31,772 |
| Michael Byron |
Y |
35,000 |
| Sandra Howlett |
Y |
50,000 |
| Aggregate Pro Group |
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| Involvement [10 Placees] |
P |
4,001,222 |
| Underwriter's Fee: |
An aggregate of $1,325,131 in cash and 824,631 broker warrants payable |
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| to PI Financial Corp. and Canaccord Genuity Corp. Each broker warrant |
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| entitles the holder to acquire one common share at $0.70 for an eighteen |
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| (18) month period. |
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| Finder's Fee: |
An aggregate of $66,834 in cash payable to PearTree Securities Inc. |
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.
For further details, please refer to the Company's news release dated March 2, 2017.
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OK2 MINERALS LTD. ("OK")
BULLETIN TYPE: Amendment
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
AMENDMENT:
Further to the TSX Venture Exchange Bulletin dated March 13, 2017 the Exchange has accepted an amendment with respect to a Non-Brokered Private Placement announced February 9, 2017 and March 9, 2017:
| Finder's fees: |
Canaccord Genuity Corp. will not receive a finder's fee. |
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PRO REAL ESTATE INVESTMENT TRUST ("PRV.UN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 14, 2017
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation relating to a purchase and sale agreement (the "Agreement") dated January 20, 2017 between Lotus Pacific (1750 JBM) Investments Inc. (the "Vendor'') and PRO Real Estate Investment Trust (the "Issuer"). Pursuant to the Agreement, a subsidiary of the Issuer shall acquire a 50% undivided interest in an industrial property located in Drummondville, Quebec (the "Property").
As consideration for the acquisition of the Property, the Issuer paid an aggregate consideration of approximately $3,000,000, of which $863,096 was paid via the issuance of 383,598 Class B limited partnership units ("Class B LP Units") of PRO REIT Limited Partnership, a subsidiary of the Issuer, at a deemed issue price of $2.25 per Class B LP Unit.
The Class B LP Units are economically equivalent to and exchangeable for trust units of the Issuer ("Trust Units") on a one-for-one basis, and are accompanied by special voting units that provide their holder with equivalent voting rights to holders of Trust Units.
A finder's fee of $26,250 has been paid to Lotus Crux Acquisition LP in connection with the closing of the acquisition of the property.
| Insider / Pro Group Participation: |
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| Insider = Y / |
Number |
|
| Name |
Pro Group = P |
of Units |
| Lotus Pacific (1750 JBM) Investments Inc. |
||
| (Shenoor Jadavji) |
Y |
383,598 |
For further information, please refer to the Issuer's press releases dated January 24, 2017 and February 28, 2017.
FONDS DE PLACEMENT IMMOBILIER PRO (« PRV.UN »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 14 mars 2017
Société du groupe 1 de Bourse de croissance TSX
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à une convention d'achat et de vente (la «convention») daté du 20 janvier 2017 entre Lotus Pacific (1750 JBM) Investments Inc. (le «Vendeur») et Fonds de placement immobilier PRO (l '«Émetteur»). Aux termes de la convention, une filiale de l'émetteur acquerra une participation indivise de 50% dans une propriété industrielle située à Drummondville, au Québec (la «propriété»).
En considération de l'acquisition de la propriété, l'émetteur a versé une considération totale d'environ 3 000 000 $, dont 863 096 $ ont été payés par l'émission de 383 598 parts de société en commandite de catégorie B (les « parts de catégorie B ») de la Société en commandite FPI PRO, filiale de l'émetteur, émis à un prix réputé de 2,25 $ par part de catégorie B.
Les parts de catégorie B sont équivalentes, sur le plan économique, à des parts de l'émetteur (les « parts de l'émetteur ») et peuvent être échangées contre des parts de l'émetteur à raison d'un ratio d'échange d'une pour une, et elles sont accompagnées de parts comportant droit de vote spéciales qui procurent à leur porteur des droits de vote équivalant à ceux des porteurs de parts de l'émetteur.
Lotus Crux Acquisition LP a reçu un montant de 26 250 $ en espèces à titre d'honoraires d'intermédiation dans le cadre de la clôture de l'acquisition de la propriété.
| Participation initié / Groupe Pro : |
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| Initié = Y / |
Nombre |
|
| Nom |
Groupe Pro = P |
de parts |
| Lotus Pacific (1750 JBM) Investments Inc. |
||
| (Shenoor Jadavji) |
Y |
383 598 |
Pour plus de renseignements, veuillez-vous référer aux communiqués de presse émis par l'émetteur le 24 janvier 2017 et 28 février 2017.
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PRO REAL ESTATE INVESTMENT TRUST ("PRV.UN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 14, 2017
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the documentation relating to the acquisition of six investment properties from three separate and unrelated vendors, for an aggregate consideration of approximately $43,300,000, of which $30,700,000 was financed by new debt.
For further information, please refer to the Issuer's press releases dated December 13, 2016, December 7, 2016 and November 23, 2016.
FONDS DE PLACEMENT IMMOBILIER PRO (« PRV.UN »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 14 mars 2017
Société du groupe 1 de Bourse de croissance TSX
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à l'acquisition de six immeubles d'investissement auprès de trois vendeurs distincts et non reliés, en considération d'un montant total d'environ 43 300 000 $, dont un montant d'environ 30 700 000 $ a été financé via une nouvelle dette.
Pour plus de renseignements, veuillez-vous référer aux communiqués de presse émis par l'émetteur le 13 décembre 2016, 7 décembre 2016 et 23 novembre 2016.
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RED PINE EXPLORATION INC. ("RPX")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 9, 2017 and February 10, 2017:
| Number of Shares: |
27,586,900 flow-through shares |
|
| 21,168,666 common shares |
||
| Purchase Price: |
$0.145 per flow-through share |
|
| $0.12 per common share |
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| Warrants: |
21,168,666 share purchase warrants attached to purchase 21,168,666 shares |
|
| Warrant Exercise Price: |
$0.17 for a three year period |
|
| Number of Placees: |
74 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
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| Name |
ProGroup=P |
# of Shares |
| Marc Johnson |
Y |
75,000 |
| Aggregate Pro Group |
||
| Involvement [8 Placees] |
P |
2,541,334 |
| Agents' Fee: |
an aggregate of $457,823.83 plus 3,412,889 brokers' warrants (each |
|
| exercisable into one common share at a price of $0.135 for a two year period) |
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| is payable to Eventus Capital Corp. |
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.
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SANTACRUZ SILVER MINING LTD. ("SCZ")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Inc.'s (the "Exchange") Bulletin dated August 16, 2013 the Exchange has accepted for filing documentation pertaining to an amendment to Santacruz Silver Mining Ltd.'s (the "Company") property option agreement (the "Amending Agreement") with Minera Hochschild Mexico S.A. de C.V. ("MHM") in respect of the San Felipe property, Mexico and the El Gachi property, Mexico.
Pursuant to the Amending Agreement, to acquire the San Felipe property, US$2,000,000 was payable on or before March 3, 2017 and a further US$8,000,000 is payable on or before December 31, 2017.
To acquire the El Gachi property, the Company must pay US$500,000 on or before March 31, 2017.
Pursuant to the restructured terms pursuant to the Amending Agreement, the Company has agreed to issue 13,415,000 shares to MHM.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated February 28, 2017 and March 9, 2017.
________________________________________
TORQ RESOURCES INC. ("TORQ")
[formerly STRATTON RESOURCES INC. ("SI")]
BULLETIN TYPE: Name Change
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors March 2, 2017, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Wednesday, March 15, 2017, the common shares of Torq Resources Inc. will commence trading on TSX Venture Exchange, and the common shares of Stratton Resources Inc. will be delisted.
| Capitalization: |
unlimited |
shares with no par value of which |
| 77,124,164 |
shares are issued and outstanding |
|
| Escrow: |
nil |
|
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
TORQ |
(new) |
| CUSIP Number: |
89131L108 |
(new) |
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NEX COMPANIES
SPARTA CAPITAL LTD. ("SAY.H")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: March 14, 2017
NEX Company
Further to the TSX Venture Exchange Bulletin dated February 6, 2017, the Exchange has been advised that the Cease Trade Order issued by the Alberta Securities Commissions dated February 6, 2017 has been revoked.
Effective at the opening, Wednesday, March 15 2017, trading will be reinstated in the securities of the Company.
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SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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