Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • Data Privacy
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login 
    • Online Member Centre
    • Next Gen Communications Cloud
    • Cision Communications Cloud®
  • Sign Up
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
Advanced Search
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Canadian Federal Government
      • Canadian Municipal Government
      • Canadian Provincial Government
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

  • Advanced Search
  • Overview
  • Cision Communications Cloud®
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Hamburger menu
  • Cision Canada
  • Send a Release
  • FR
    • Phone

    • 877-269-7890 from 8 AM - 10 PM ET

    • ALL CONTACT INFO
    • Contact Cision

      877-269-7890
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Overview
  • Cision Communications Cloud®
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR

TSX Venture Exchange Stock Maintenance Bulletins


News provided by

TSX Venture Exchange

Nov 29, 2023, 21:06 ET

Share this article

Share toX

Share this article

Share toX

VANCOUVER, BC, Nov. 29, 2023 /CNW/ -

TSX VENTURE COMPANIES

BULLETIN V2023-0094

CONSOLIDATED URANIUM INC. ("CUR")
BULLETIN TYPE: CORRECTION - Plan of Arrangement, Property-Asset or Share Disposition Agreement, Notice of Distribution
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange Inc. (the "Exchange") bulletin dated November 22, 2023, November 23, 2023 and November 28, 2023, with respect to the Company's notice of distribution forming part of the Company's plan of arrangement, the following Record Date and Ex-Distribution Date should have read as follows:

Record Date: November 24, 2023
Ex-Distribution Date: November 23, 2023

All other information remains unchanged.

________________________________________

BULLETIN V2023-0095

BADLANDS RESOURCES INC. ("BLDS")
[formerly Mineral Mountain Resources Ltd. ("MMV")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 2 Company

Pursuant to a directors' resolution passed on November 07, 2023, the Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the company has also been changed as follows.

Effective at the opening on Friday, December 01, 2023, the common shares of Badlands Resources Inc. will commence trading on the TSX Venture Exchange on a consolidated basis and the common shares of Mineral Mountain Resources Ltd. will be delisted. The Company is classified as a 'Mining' Company.

Post - Consolidation


Capitalization:

UNLIMITED                shares with no par value of which


11,307,265                  shares are issued and outstanding

Escrow:                                             

NIL                              shares are subject to escrow



Transfer Agent:                                       

TSX Trust Company

Trading Symbol:                                     

BLDS                    (new)

CUSIP Number:                                       

056600109            (new)

_________________________________

BULLETIN V2023-0096

NATURALLY SPLENDID ENTERPRISES LTD. ("NSP.H")
[formerly Naturally Splendid Enterprises Ltd. ("NSP")
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: November 29, 2023
TSX Venture Tier 2 Company

In accordance with TSX Venture Policy 2.5, Naturally Splendid Enterprises Ltd., (the "Company") has not maintained the requirements for a TSX Venture Tier 2 company.  Therefore, effective at the opening on Friday, December 1, 2023, 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 Vancouver to NEX.

As of December 1, 2023 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 NSP to NSP.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 Exchange bulletin issued July 18, 2023, 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.

_______________________________________

BULLETIN V2023-0097

PREMIER AMERICAN URANIUM INC. ("PUR")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: November 29, 2023
TSX Venture Tier 2 Company

Premier American Uranium Inc.'s (the "Company") Listing Application dated November 27, 2023, has been filed with and accepted by TSX Venture Exchange ("Exchange"). The common shares of the Company will be listed and admitted to trading on TSX Venture Exchange, on the effective date stated below.

The Company is classified as a "Uranium Ore Mining" company (NAICS Number: 212291).

Each compressed share is convertible into one thousand (1,000) common shares.

Only common shares will be listed on the Exchange.

Commence Date:         

The common shares will commence trading on TSX Venture Exchange at the opening on Friday, December 1, 2023



Corporate Jurisdiction: 

Ontario



Capitalization:               

Unlimited common shares and compressed shares with no par value of which


15,763,397 common shares are issued and outstanding


12,000 compressed shares are issued and outstanding (not listed)



Escrowed Shares:         

5,863,242 common shares


11,139.6 compressed shares



Transfer Agent:           

Computershare Investor Services Inc.

Trading Symbol:           

PUR

CUSIP Number:           

74048R109

For further information, please refer to the Company's Listing Application dated November 27, 2023 and news release dated November 29, 2023 available on Sedar+.

Company contact:                     

Greg Duras, CFO

Company address:                   

217 Queen Street West, Floor 4, Toronto, ON M5V 0R2

Company phone number:           

416-576-3136

Company e-mail address:         

[email protected]

Company website:                     

premierur.com

_____________________________________________________

NEX COMPANY:

BULLETIN V2023-0098

HORIZON PETROLEUM LTD. ("HPL.H")
BULLETIN TYPE:  Consolidation
BULLETIN DATE:  November 29, 2023
NEX Company

Pursuant to a special resolution passed by shareholders on June 8, 2023, the Company has consolidated its capital on a 5 old for 1 new basis.  The name of the Company has not been changed.

Effective at the opening, Friday, December 1, 2023, the common shares of the Company will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Crude Petroleum and Natural Gas Extraction' company.

Post - Consolidation


Capitalization:                                         

unlimited        shares with no par value of which 


23,786,135     shares are issued and outstanding 

Escrow                                                   

NIL                 shares are subject to escrow 



Transfer Agent:                         

Computershare Trust Company of Canada



Trading Symbol:                       

HPL.H               (UNCHANGED)

CUSIP Number:                         

44053J 40 9      (new) 

_______________________________________

23/11/29 - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES

BULLETIN V2023-0099

BEAR CREEK MINING CORPORATION ("BCM")
BULLETIN TYPE:  Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 1 Company

Further to TSX Venture Exchange's (the "Exchange") bulletin dated April 22, 2022 (the "Acquisition"), the Exchange has accepted for filing documentation with respect to the amendment of the Acquisition whereby the Company has issued a secured convertible promissory note in the amount of USD $26,632,458, inclusive of accrued interest, (the "Note") to defer a USD $25,000,000 current liability originally payable under the Acquisition to a non-arm's length party (the "Vendor").

The Note bears interest at the rate of 7% and is valid until October 19, 2028 (the "Maturity Date"). At any time at or prior to the Maturity Date, the Vendor may elect to convert the unpaid principal amount into common

shares of the Company at a price per share equal to CAD $0.73, subject to the Vendor, and its Affiliates, not holding more that 19.99% of the total outstanding common shares of the Company on a non-diluted basis as of the date of such conversion.

For further details, please refer to the Company's news releases dated May 30, 2023, July 5, 2023, September 13, 2023, September 21, 2023, October 19, 2023 and November 27, 2023.

_______________________________________

BULLETIN V2023-0100

LYCOS ENERGY INC. ("LCX")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation relating to an Arrangement Agreement dated September 13, 2023, between Lycos Energy Inc. (the "Company") and an arm's length party, Durham Creek Exploration Ltd. ("DCEL"). As consideration on closing, the Company will pay DCEL an aggregate of $22,500,000 to be satisfied through the following: (i) the payment of $12,500,000 in cash and (ii) the issuance of 2,816,907 common shares of the Company at a deemed price of $3.55 per share.

For further details, please refer to the Company's news releases dated September 13, 2023 and October 16, 2023.

______________________________________

BULLETIN V2023-0101

RADISSON MINING RESOURCES INC. ("RDS")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on October 30, 2023 and October 31, 2023:

Number of Shares: 

2,468,898 common shares,


2,194,806 Federal flow-through shares,


10,603,336 Quebec flow-through shares, and


8,500,000 Quebec Charity flow-through shares



Purchase Price:

$0.18 per common share,


$0.205 per Federal flow-through share,


$0.225 per Quebec flow-through share, and


$0.32 per Quebec Charity flow-through share



Warrants:                                 

1,234,450 common share purchase warrants to purchase 1,234,450 common shares and 4,250,000 Quebec Charity flow-through share purchase warrants to purchase 4,250,000 common shares



Warrant Exercise Price: 

$0.27 per common share for a period of 24 months



Number of Placees: 

23 placees

Insider / Pro Group Participation:

Placees

# of Placee (s)

Aggregate # of Shares




Aggregate Existing Insider Involvement:

N/A

N/A

Aggregate Pro Group Involvement:

3

322,611 Quebec flow-through shares


Aggregate Cash

Amount ($)

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$84,095.07

N/A

3,306 finder's warrants

Finder's Warrants Terms: Each finder's warrant entitles the holder to purchase one common share at the price of $0.27 for a period of 24 months.

The Company issued a news release on November 20, 2023 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.

RESSOURCES MINIÈRES RADISSON INC. (« RDS »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 29 novembre 2023
Société du groupe 2 de TSX Croissance

Bourse de Croissance TSX a accepté le dépôt de la documentation de la société en vertu d'un placement privé sans l'entremise d'un courtier annoncé le 30 octobre 2023 et le 31 octobre 2023 :

Nombre d'actions :                   

2 468 898 actions ordinaires,


2 194 806 actions accréditives fédérales,


10 603 336 actions accréditives du Québec, et


8 500 000 actions accréditives de Charité du Québec



Prix :                                       

0,18 $ par action ordinaire,


0,205 $ par action accréditive fédérale,


0,225 $ par action accréditive du Québec, et


0,32 $ par action accréditive de Charité du Québec



Bons de souscription :             

1 234 450 bons de souscription venant des actions ordinaires permettant de souscrire à 1 234 450 actions ordinaires et


4 250 000 bons de souscription venant des actions accréditives de Charité du Québec permettant de souscrire à 4 250 000 actions ordinaires



Prix d'exercice des bons :         

0,27 $ par action ordinaire pour une période de 24 mois



Nombre de souscripteurs :         

23 souscripteurs

Participation d'initiés / Groupe Pro :

Souscripteurs

# total de souscripteurs:

# total d'actions

Participation total d'initiés existants:

S/O

S/O

Participation total de Groupe Pro:

3

322 611 actions accréditives du Québec


Montant total en

espéces ($) 

# total d'actions

# total de bons de

souscription

Honoraire d'intermédiation:

84 095,07 $

S/O

3 306 bons d'intermédiation

Les termes des bon d'intermédiation : Chaque bon d'intermédiation permet à son détenteur de souscrire à une action ordinaire à un prix de 0,27 $ par action pour une période de 24 mois.

La société a confirmé la clôture du placement privé dans un communiqué de presse daté du 20 novembre 2023. Notez que dans certaines circonstances, la Bourse peut ensuite prolonger la durée des bons de souscription, s'ils sont inférieurs à la durée maximale autorisée.

                                                ________________________________________

BULLETIN V2023-0102

ROME RESOURCES LTD. ("RMR")
BULLETIN TYPE:  Halt
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 2 Company

Effective at 7:57  a.m. PST, Nov. 29, 2023, trading in the shares of the Company was halted,
Pending Company Contact; 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.

________________________________________

BULLETIN V2023-0103

ROME RESOURCES LTD. ("RMR")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 2 Company

Effective at 11:00 a.m. PST, Nov. 29, 2023, shares of the Company resumed trading, an announcement having been made.

________________________________________

BULLETIN V2023-0104

SAILFISH ROYALTY CORP. ("FISH")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 219,397 shares at a deemed price of $1.28 to settle outstanding debt for $280,829.50 (US$205,000).

Number of Creditors:                 3 Creditors

Non-Arm's Length Party / Pro Group Participation:










Creditors

# of

Creditors

Amount Owing

Deemed Price

per Share

Aggregate # of

Shares






Aggregate Non-Arm's

Length Party Involvement:

2

$273,980

$1.28

214,046

Aggregate Pro

Group Involvement:

N/A

N/A

N/A

N/A

The Company shall issue a news release when the shares are issued and the debt extinguished.

________________________________________

BULLETIN V2023-0105

XYBION DIGITAL INC. ("XYBN")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement, Shares for Bonuses
BULLETIN DATE:  November 29, 2023
TSX Venture Tier 2 Company

Property-Asset or Share Purchase Agreement

TSX Venture Exchange ("Exchange") has accepted for filing documentation the Sale and Purchase Agreement ("Agreement") dated November 6, 2023 between the Company's wholly-owned subsidiary ("Purchaser" or "Borrower") and two arm's length parties ("Vendor"). Pursuant to the terms of the Agreement, the Purchaser has acquired all the issued and outstanding shares in the capital of Autoscribe Ltd. from the Vendor, in consideration for a cash payment of $12,094,000 USD, plus three deferred payments of $1,000,000 USD over the next 48 months (the "Acquisition").

Insider / Pro Group Participation:           None

Finders' Fees:                                       None

Shares for Bonuses

TSX Venture Exchange has also accepted for filing documentation, in connection with the Acquisition, the Credit Agreement dated November 15, 2023 ("Credit Agreement"), between the Borrower and a third-party lender ("Lender"). Pursuant to the terms of the Credit Agreement, the Lender has extended a principal amount of up to $15,000,000 USD to the Borrower, of which $10,000,000 USD has been drawn by the Borrower upon execution ("Initial Draw"), and up to $5,000,000 USD may be drawn by the Borrower according to the terms therein ("Additional Draw"). A closing fee of 3% is payable to the Lender upon the closing of the Initial Draw and each Additional Draw. The drawn amounts will bear an interest rate equal to the secured overnight financing rate plus 8.25% per annum, accruing daily and payable monthly. All debts and interest will mature on the date that is four years from the Initial Draw ("Maturity Date"). The Company and the Borrower have granted to the Lender a first-lien security interest on substantially all of the tangible and intangible assets of the Company and Borrower.

As consideration for the Initial Draw, the Company has issued to the Lender an aggregate of 1,000,000 SV Share purchase warrants ("Warrants"), each Warrant exercisable to acquire one subordinate voting share of the company ("SV Share") until the Maturity Date, at an exercise price of $0.75 per SV Share. In addition, the company will issue to the Lenders 100,000 additional Warrants for each Additional Draw of $100.000 USD, subject to a maximum of 500,000 additional Warrants, at an exercise price equal to the market price of the Company at the time of issuance (subject to prior Exchange approval). Each additional Warrant will expire on the Maturity Date.

In connection with the Credit Agreement, the Borrower will pay to an arm's length administrative agent a cash fee of $15,000 per annum, payable annually in advance.

For further information, please refer to the Company's news release dated November 16, 2023.

________________________________________

SOURCE TSX Venture Exchange

Market Information Services at 1-888-873-8392, or email: [email protected]

Modal title

Organization Profile

TSX Venture Exchange

    Also from this source

  • TSX Venture Exchange Stock Maintenance Bulletins

  • TSX Venture Exchange Stock Maintenance Bulletins

  • TSX Venture Exchange Stock Maintenance Bulletins

Contact Cision

  • 866-245-2317
    from 8 AM - 10 PM ET
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media

Products

  • Cision Communications Cloud®
  • Media Monitoring
  • Content Distribution
  • Multimedia Distribution
  • Measurement & Analytics
  • Investor Relations

About

  • About Cision Canada
  • About Cision
  • Media Partners
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud®
  • my CNW

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud
  • my CNW
877-269-7890
from 8 AM - 10 PM ET
  • Terms of Use
  • Information Security Policy
  • Site Map
  • Cookie Settings
  • Accessibility Statement
Copyright © 2025 CNW Group Ltd. All Rights Reserved. A Cision company.