VANCOUVER, Feb. 15, 2012 /CNW/ -
TSX VENTURE COMPANIES:
ALDER RESOURCES LTD. ("ALR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 11, 2012 and January 24, 2012:
Number of Shares: | 31,904,038 shares | |||||||||
Purchase Price: |
$0.10 per share (30,000,000 shares) $0.1313 per share (1,904,038 shares |
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Warrants: | 15,952,019 share purchase warrants to purchase 15,952,019 shares | |||||||||
Warrant Exercise Price: | $0.20 for a two year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at $0.40 per share or high (on a volume weighted adjusted basis) for a period of 30 days. |
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Number of Placees: | 116 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
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William Randall Dan Bruno Ryan Ptolemy Pierre Pettigrew Rene Bharti Don Dudek Josh Van Deurzen Joseph Arengi Zubin Drive Leslie Ramage Kim Kennedy Leona Nielson Greg Nelson Marion Nelson Connor Cruse Shelly Hoodspitth Murry McInnis Tracey Seiter Mark Wayne Sara Nash Anthony Fierro |
Y Y Y Y Y Y Y Y P P P P P P P P P P P P P |
150,000 500,000 200,000 250,000 500,000 500,000 150,000 200,000 50,000 50,000 100,000 100,000 100,000 100,000 40,000 100,000 100,000 250,000 2,000,000 250,000 500,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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ARCTIC STAR EXPLORATION CORP. ("ADD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Assignment of Mineral Property Option and Purchase Agreement ("Assignment Agreement") dated January 25, 2012 between the Company and Phoenix Gold SAS (Thanasi Raptis) whereby the Company is acquiring an option to purchase up to an undivided 95% of the title and interest in and to a Mining Concession that is located in Dabeiba, Antioquia, Colombia. This concession is subject to a Property Option Agreement ("Option Agreement") dated January 23, 2012 between Patino Javier de Jesus Gutierreiz and Phoenix Gold SAS. Consideration is a repayment of $80,000 made by Phoenix pursuant to the Option Agreement and an aggregate of 1,000,000 common shares are issued pursuant to the assignment agreement whereby 100,000 common shares are issued upon Exchange acceptance of the agreement for filing and 100,000 common shares issued upon each $500,000 in work expenditures until 900,000 common shares have been issued (over a three year period). Pursuant to the terms of the option agreement Phoenix must pay $80,000 (reimbursed by the Company), expend 10% of the expenditures it incurred on the Property to a maximum of $500,000 and incurring expenditures of not less than, an aggregate, $5,000,000 on or before the third year anniversary of closings. Upon completion of the noted expenditures and cash/securities consideration, the Company will be deemed to have an 85% legal and beneficial interest in the Property. In order to acquire the additional 10%, the Company must provide notice of its intent and then deliver to Gluiterreiz a total of 15,246.69 troy ounces of gold (at least 99.9% pure).
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BELO SUN MINING CORP. ("BSX")
BULLETIN TYPE: Graduation
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening, Thursday on February 16, 2012, under the symbol "BSX".
As a result of this Graduation, there will be no further trading under the symbol "BSX" on TSX Venture Exchange after February 15, 2012, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
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CANADIAN MINING COMPANY INC. ("CNG")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: February 15, 2012
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: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
14,150,000 March 10, 2012 March 10, 2013 $0.10 |
These warrants were issued pursuant to a private placement of 14,150,000 shares with 14,150,000 share purchase warrants attached, which was accepted for filing by the Exchange effective March 8, 2011.
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COREX GOLD CORPORATION ("CGE")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 20, 2012 and February 14, 2012:
Convertible Debenture: | $570,000 | ||||||||
Conversion Price: | Convertible into 2,850,000 common shares at $0.20 per share | ||||||||
Maturity date: | January 20, 2013 | ||||||||
Interest rate: | 8.8 % per annum | ||||||||
Number of Placees: | 1 placee |
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.
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CORTEZ GOLD CORP. ("CUT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 8, 2012:
Number of Shares: | 4,145,351 shares | |||||||
Purchase Price: | $0.10 per share | |||||||
Warrants: | 2,072,675 share purchase warrants to purchase 2,072,675 shares | |||||||
Warrant Exercise Price: | $0.15 for a two year period | |||||||
Number of Placees: | 6 placees | |||||||
Finder's Fee: |
$2,963.38 cash and 39,511 warrants payable to Sutter Securities Incorporated 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. 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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NEW PACIFIC METALS CORP. ("NUX")
BULLETIN TYPE: Graduation
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening, Thursday, on February 16, 2012, under the symbol "NUX".
As a result of this Graduation, there will be no further trading under the symbol "NUX" on TSX Venture Exchange after February 16, 2012, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
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NORTHERN VERTEX MINING CORP. ("NEE")
[formerly Northern Vertex Capital Inc. ("NEE")]
BULLETIN TYPE: Name Change
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
Pursuant to a resolution passed by Directors on February 3, 2012, the Company has changed its name to Northern Vertex Mining Corp. There is no consolidation of capital.
Effective at the opening, on Thursday, February 16, 2012, the common shares of Northern Vertex Mining Corp. will commence trading on TSX Venture Exchange, and the common shares of Northern Vertex Capital Inc. will be delisted. The Company is classified as a 'Mining Exploration' company.
Capitalization: Escrow: |
Unlimited 44,939,348 990,000 |
shares with no par value of which shares are issued and outstanding shares |
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Transfer Agent: | Computershare Investor Services Inc. | |||||||||
Trading Symbol: CUSIP Number: |
NEE 666006101 |
(UNCHANGED) (new) |
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PROCESS CAPITAL CORP. ("POR")
BULLETIN TYPE: Suspend-Failure to Maintain a Transfer Agent
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated February 6, 2012, effective at the opening Thursday, February 16, 2012, trading in the shares of the Company will be suspended, the Company having failed to maintain the services of a transfer agent in accordance with Policy 3.1.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
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RODINIA OIL CORP.("ROZ") ("ROZ.WT")
BULLETIN TYPE: Halt
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
Effective at 8:51 a.m. PST, February 15, 2012, 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.
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RODINIA OIL CORP. ("ROZ") ("ROZ.WT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
Effective at 12:45 p.m., PST, February 15, 2012, shares of the Company resumed trading, an announcement having been made.
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SHONA ENERGY COMPANY, INC. ("SHO")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: February 15, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend for its Series A Preferred Shares ("Preferred Shares"), which are not listed on TSX Venture Exchange:
Dividend per 10 Preferred Shares: Payable Date: Record Date: |
1 Preferred Share February 15, 2012 February 1, 2012 |
Each Preferred Share is convertible, at the option of the holder, for a period of 5 years from the date of issuance, into either 172.41 i) Class A voting shares, or ii) class B nonvoting shares, or iii) a combination thereof, at the discretion of the Company's board of directors.
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SOLIMAR ENERGY LIMITED ("SXS")
BULLETIN TYPE: Private Placement-Brokered, Convertible Debenture/s
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on December 12, 2011 and closed on February 13, 2012:
Units: |
56 convertible debenture units ("Units") Each Unit consists of $50,000 principal amount of convertible debenture ("Debenture") and 250,000 share purchase warrants |
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Conversion Price: | Each Debenture is convertible into 500,000 common shares | |||||||||||
Maturity date: | December 31, 2013 | |||||||||||
Warrants: | Each warrant will have a term of 24 months from the date of issuance of the Debentures and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.15 and are subject to an early exercise provision as detailed in the Company's press release dated February 13, 2012 |
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Interest rate: | 10% | |||||||||||
Number of Placees: | 21 placees | |||||||||||
Insider / Pro Group Participation: | ||||||||||||
Name |
Insider=Y / ProGroup=P / |
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Units |
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Bruce McDonald | P | 3 | ||||||||||
Agent's Fee: |
$110,700 cash payable to Canaccord Genuity Corp. $12,300 cash payable to Fraser Mackenzie Limited |
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SONOR INVESTMENTS LIMITED ("SNI.PR.A")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: February 15, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
Dividend per 1st Preference Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.225 March 15, 2012 March 1, 2012 February 28, 2012 |
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SPRUCE RIDGE RESOURCES LTD. ("SHL")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
The Issuer has declared the following dividend(s):
Dividend per four (4) Common Shares: Payable Date: Record Date: Ex-Dividend Date: |
one common share of RX Gold & Silver Inc. (a TSX-Venture Listed company) held by Canadian-resident shareholders. Ineligible Spruce Ridge Resources Ltd. (the "Company") shareholders will receive their pro rata share of the cash payment as detailed in the Company's press release dated February 13, 2012. February 27, 2012 February 22, 2012 February 17, 2012 |
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TERRABIOGEN TECHNOLOGIES INC. ("TBG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 7, 2012:
Number of Shares: | 7,500,000 shares | |||||||||||||||||||||||||||||||
Purchase Price: | $0.10 per share | |||||||||||||||||||||||||||||||
Number of Placees: | 5 placees | |||||||||||||||||||||||||||||||
Insider / Pro Group Participation: | ||||||||||||||||||||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
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Thomas Anderson Robert Bosa Ottavio Boffo |
Y Y Y |
2,500,000 830,000 840,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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VICTORY VENTURES INC. ("VVN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 12, 2012:
Number of Shares: | 1,099,000 shares | |||||||
Purchase Price: | $0.06 per share | |||||||
Warrants: | 1,099,000 share purchase warrants to purchase 1,099,000 shares | |||||||
Warrant Exercise Price: | $0.12 for a two year period | |||||||
Number of Placees: | 13 placees | |||||||
Finder's Fee: | $192 cash payable to John Williams. |
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.
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WESTCORE ENERGY LTD. ("WTR")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: February 15, 2012
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: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
4,518,446 February 28, 2012 February 28, 2013 $1.00 (unchanged) |
These warrants were issued pursuant to a private placement of 5,000,000 flow-through shares and 4,518,446 units with 4,518,446 share purchase warrants attached, which was accepted for filing by the Exchange effective May 18, 2011.
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NEX COMPANIES:
EMPEROR MINERALS LTD. ("EM")
[formerly Emperor Minerals Ltd. ("EM.H")]
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered, Graduation from NEX to TSX Venture, Symbol Change
BULLETIN DATE: February 15, 2012
NEX Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange has accepted for filing a Farm-In Agreement (the 'Agreement') between Cheetah-Yemen Holdings Ltd. ('Cheetah'), a wholly owned subsidiary of Emperor Minerals Ltd. (the 'Company'), Azure Resources Corporation ('Azure'), Arctic Petroleum Ltd., a wholly owned subsidiary of Azure, and Arctic Oil and Gas Ltd., a wholly owned subsidiary of Arctic Petroleum Ltd. (the 'Transaction'). Under the terms of the Agreement, Cheetah will acquire a 22.5% net working interest in Exploration License Catalca AR/PTK-MER/3853 (the 'License') located in Thrace Basin, Turkey by paying US$1,050,000 on or before February 15, 2012, an additional US$1,450,000 payment by March 15, 2012 and an additional US$2,000,000 on or before June 15, 2012. If the Company fails to make the US$1,450,000 payment to Azure by March 15, 2012, the Company's interest in the License will be reduced from 22.5% to 16% or pro rata. In addition, if the Company fails to make the US$2,000,000 payment to Azure by June 15, 2012, the Company's interest in the License will be reduced to 6% or pro rata.
CASH | SHARES | WORK EXPENDITURES | |||||||||||||||||||||
Consideration | US$4,500,000 | - | - |
Private Placement-Non-Brokered
Concurrently, the TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 15, 2011:
Number of Shares: | 24,160,000 shares | |||||||||
Purchase Price: | $0.05 per share | |||||||||
Warrants: | 12,080,000 share purchase warrants to purchase 12,080,000 shares | |||||||||
Warrant Exercise Price: |
$0.10 for a two year period If at any time after the closing of the private placement, the closing price of the Company's shares is greater than $0.30 for a period of 30 consecutive days, the Company may provide notice to warrant holders that the exercise period will be shortened to 30 days from the date of notice. |
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Number of Placees: | 41 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
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Morquest Trading Co. (Al Morishita) 858795 BC Ltd. (Shayne Nyquvest) David Bibby Jeff Findler |
P P P P |
700,000 1,550,000 200,000 500,000 |
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Finder's Fee: | |
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Canaccord Genuity Corp. $25,600 in cash and 512,000 warrants exercisable at $0.10 for 2 years Fleur de Lis Ventures Ltd.: (Kim Langford) :496,000 common shares Justin Rasekh: $5,320 in cash and 106,400 common shares Sandy Coppell: 240,000 common shares Leede Financial Markets Inc.:80,000 common shares |
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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.
Graduation from NEX to TSX Venture, Symbol Change
In conjunction with the above, the Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Thursday, February 16, 2012, 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 Vancouver.
Effective at the opening, on Thursday, February 16, 2012, the trading symbol for the Company will change from EM.H to EM. The Company is classified as an 'Oil and Gas' company.
Capitalization: Escrow: |
1,000,000,000 197,795,226 Nil |
shares with no par value of which shares are issued and outstanding |
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Company Contact: Company Address: Company Phone Number: Company Fax Number: Company Email Address: |
Brian Gracey Suite 401, 850 West Hastings Street, Vancouver, BC, V6C 1E1 604-662-8130 604-662-8090 [email protected] |
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LEETA GOLD CORP. ("LTA.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Shares for Debt
BULLETIN DATE: February 15, 2012
NEX Company
Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 30, 2011:
Number of Shares: |
1,245,555 non flow-through shares 1,910,000 flow-through shares |
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Purchase Price: | $0.09 per share | |||||||||
Warrants: | 3,155,555 share purchase warrants to purchase 3,155,555 shares | |||||||||
Warrant Exercise Price: | $0.12 for a one year period | |||||||||
Number of Placees: | 13 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
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552744 B.C. Ltd. (Douglas B. Brooks) T-Bone Ventures Inc. (Georgia Knight) David Beruschi James Boyce John Rizzuti Carlo Rogano |
Y Y Y Y Y Y |
150,000 non flow-through shares 150,000 non flow-through shares 450,000 flow-through shares 450,000 flow-through shares 450,000 flow-through shares 450,000 flow-through shares |
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.
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,779,308 shares to settle outstanding debt for $430,137.74.
Number of Creditors: | 6 Creditors | |||||||||||||||||||||||
Insider / Pro Group Participation: | ||||||||||||||||||||||||
Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
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Braniff Enterprises Ltd. (Dr. Karen Addie) |
Y |
$265,023.74 |
$0.09 |
2,944,708 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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WELLSTAR ENERGY CORP. ("WSE.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 15, 2012
NEX Company
Further to the Company's press release dated February 14, 2012, effective at the open, Thursday, February 16, 2012, shares of the Company will resume trading.
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