VANCOUVER, March 15, 2012 /CNW/ -
TSX VENTURE COMPANIES:
AFRICAN QUEEN MINES LTD. ("AQ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche a Non-Brokered Private Placement announced March 6, 2012:
Number of Shares: | 7,791,450 shares | ||||||||||||||||
Purchase Price: | $0.22 per share | ||||||||||||||||
Warrants: | 3,895,725 share purchase warrants to purchase 3,895,725 shares | ||||||||||||||||
Warrant Exercise Price: | $0.37 for a two year period | ||||||||||||||||
Number of Placees: | 42 placees | ||||||||||||||||
Insider / Pro Group Participation: | |||||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||||
Gary McDonald C. Channing Buckland Martin Burian Pinetree Resource Partnership |
P P P Y |
50,000 500,000 100,000 1,500,000 |
|||||||||||||||
Finders' Fees: |
Haywood Securities Inc. - $39,270.00 HBS Financial Planning Ltd. (Roger Hardaker) - $15,991.14 |
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.
________________________________________
ARROWSTAR RESOURCES LTD. ("AWS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement (the 'Agreement') dated February 12, 2012, between Arrowstar Resources Ltd. (the 'Company') and Valley Creek Holdings Ltd. (the 'Optionor') whereby the Company has the right to acquire a 100% interest in four mineral claims located in southeastern British Columbia, in a region known as the Cranbook Mining Division.
Total consideration consists of 800,000 shares of the Company, $100,000 in cash payments and $225,000 in exploration work commitments.
The Agreement stipulates a 2% net smelter return royalty (the 'royalty') in respect of the four mineral claims in favour of the Optionor. The Company has the option to purchase one-half of the royalty (1%) for $1,000,000, and the balance of the royalty for $2,000,000.
For further information, refer to the Company's news release dated March 6, 2012.
______________________________
CAMINO MINERALS CORPORATION ("COR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Purchase of Rights Agreement dated February 24, 2012 between Camino Minerals Corporation (the "Company") and Silver Standard Resources Inc. ("Silver Standard"), whereby the Company has agreed to acquire the back-in right that Silver Standard holds with respect to each of the El Rincon Gold Project and Mecatona Gold-Silver Project, and Silver Standard's right of first offer with respect to the Rodeo Gold Project. In consideration, the Company will issue 500,000 common shares to Silver Standard.
________________________________________
CARTIER RESOURCES INC. ("ECR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the documentation relating to an Option Agreement dated March 2, 2012 between Cartier Resources Inc. ("Cartier") and Murgor Resources Inc. ("Murgor"), whereby Cartier may acquire a 100% interest in the Benoist project that is located 65 km north-west of the town of Lebel-sur-Quévillon in the province of Québec.
Cartier will have a first option to earn a 51% undivided interest in the project by (i) paying $100,000 in cash and by issuing 250,000 common shares to Murgor upon receipt of regulatory approvals, (ii) issuing 250,000 common shares to Murgor and incurring exploration expenditures aggregating $3,000,000 by March 1, 2015. In addition, Cartier will have a second option to earn an additional 49% undivided interest in the project by issuing 500,000 common shares and incurring additional exploration expenditures aggregating $3,000,000 by March 1, 2018.
Murgor will retain a 1% NSR. The project is also subject to a 2.5% NSR payable to previous vendors of which a 1.5 % NSR can be bought back by Cartier for a consideration of $1,500,000.
For further information, please refer to the Company's press release dated March 5, 2012.
RESSOURCES CARTIER INC. (« ECR »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 15 mars 2012
Société du groupe 1 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents relativement à une convention d'option datée du 2 mars 2012 entre Ressources Cartier inc. (« Cartier ») et Ressources Murgor inc. (« Murgor »), selon laquelle la société peut acquérir un intérêt de 100 % dans le projet Benoist qui est localisé à 65 km au nord-est de la ville de Lebel-sur-Quévillon, dans la province de Québec.
Cartier a une première option d'acquérir un intérêt indivis de 51 % dans le projet en (i) payant 100 000 $ en espèce et en émettant 250 000 actions à Murgor à la réception des approbations réglementaires, (ii) émettant 250 000 actions à Murgor ainsi que cumulant des dépenses d'explorations de 3 000 000 $ avant le 1 mars 2015. De plus, Cartier aura une seconde option pour acquérir un intérêt indivis de 49 % dans le projet et en émettant 500 000 actions puis en cumulant des dépenses d'explorations additionnelles de 3 000 000 $ avant le 1 mars 2018.
Murgor conservera une royauté de 1 % NSR. Le projet est aussi assujetti à une royauté de 2,5 % NSR payable aux vendeurs antérieurs, dont 1,5 % peut-être racheté par Cartier pour un montant de 1 500 000 $.
Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 5 mars 2012.
________________________________
CONIFEX TIMBER INC. ("CFF")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 15, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 1, 2012:
Number of Shares: | 4,074,986 shares | |||||||||||||||||||||
Purchase Price: | $7.00 per share | |||||||||||||||||||||
Number of Placees: | 35 placees | |||||||||||||||||||||
Insider / Pro Group Participation: | ||||||||||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||||||||||||
Kenneth Shields David Roberts George Malpass James Shepherd Yuri Lewis |
Y Y Y Y Y |
142,857 26,786 26,786 7,143 10,714 |
||||||||||||||||||||
Agents' Fees: |
$675,622.50 cash payable to Raymond James Ltd. $337,811.25 cash payable to TD Securities Inc. $202,686.75 cash payable to CIBC World Markets Inc. $135,124.50 cash payable to Salman Partners Inc. |
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.
________________________________________
DIGITAL SHELF SPACE CORP. ("DSS")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 10, 2012:
Number of Shares: | 10,415,500 shares | ||||||||||||||
Purchase Price: | $0.15 per share | ||||||||||||||
Warrants: | 5,207,750 share purchase warrants to purchase 5,207,750 shares | ||||||||||||||
Warrant Exercise Price: | $0.25 for an eighteen-month period | ||||||||||||||
Number of Placees: | 66 placees | ||||||||||||||
Insider / Pro Group Participation: | |||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||
Matt Hendricks Steve Simmons Andrew Creese No Excuse Inc. (Jeffrey Sharpe) |
P P P Y |
70,000 200,000 300,000 100,000 |
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Agent's Fee: |
$136,237.72 cash and 708,085 broker warrants payable to Fin XO Securities Inc. - Broker warrants are exercisable at $0.15 per share for an eighteen-month period. |
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.
________________________________________
GOLDSOURCE MINES INC. ("GXS")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated March 1, 2012, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on March 1, 2012 has been revoked.
Effective at the opening on Friday, March 16, 2012 trading will be reinstated in the securities of the Company (CUSIP 38153U 10 8).
_______________________________________
GREAT WESTERN MINERALS GROUP LTD. ("GWG")
BULLETIN TYPE: Halt
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Effective at 5:04 a.m. PST, March 15, 2012, 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.
________________________________________
KANOSAK CAPITAL VENTURE CORPORATION ("KKV.P")
BULLETIN TYPE: Halt
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Effective at 9:05 a.m. PST, March 15, 2012, 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.
________________________________________
KAZAX MINERALS INC. ("KZX")
[formerly Newbridge Capital Inc. ("NBC")]
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered, Name Change
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement:
TSX Venture Exchange has accepted for filing a share purchase agreement (the 'Agreement') dated December 19, 2011, between Newbridge Capital Inc. (the 'Company', or hereafter 'KazaX Minerals Inc.') and Safin Element GmbH ('Safin'), to acquire all of Safin's 99.9% legal and 100% beneficial interest in the Lomonosovskoye Limited Liability Partnership (the 'LP'). Pursuant to a contract between the LP and the Ministry of Industry and New Technologies of Kazakhstan dated March 20, 2009 and as amended July 31, 2009 and December 28, 2010, the LP holds exploration and production rights to a property located in Kostanay Oblast, Kazakhstan (the 'Property Rights').
Total consideration consists of three payments, as follows:
- The first payment is USD $18,768,000, comprising a cash payment of USD $14,152,800 and common shares of the Company of USD $4,615,200 (the 'First Installment'), payable on the closing of the Agreement. The shares will be issued at a price of CDN $0.20 per common share.
- The second payment is USD $25,760,000, comprising a cash payment of USD $22,190,000 and common shares of the Company of USD $3,570,000 (the 'Second Installment'), due on or before thirty business days following receipt by the Company of the results of tests by an independent laboratory to confirm the iron ore product quality of the Property (the 'Quality Test'). The number of common shares to be issued will be determined by dividing the sum of USD $3,570,000 by 100% of the volume weighted average trading price of the Company's share for the five consecutive trading days ending on the trading day preceding the date the Company issues the shares to Safin.
- The third payment is USD $25,760,000, comprising a cash payment of USD $22,190,000 and common shares of the Company of USD $3,570,000 (the 'Third Installment'), due on or before thirty days following receipt by the Company of the results of a drilling program to be undertaken by the Company, confirming, to the Company's satisfaction, the level of certainty of the mineral resources of the Property and the completion by the Company of a resource estimate to be conducted by an independent qualified person and senior resource geologist (collectively, the 'Resource Estimate'). The number of common shares to be issued will be determined by dividing the sum of USD $3,570,000 by 100% of the volume weighted average trading price of the Company's share for the five consecutive trading days ending on the trading day preceding the date the Company issues the shares to Safin.
In the event that the Company is not satisfied with either the Quality Test or the Resource Estimate, the Company has the right, up to and including September 12, 2012, to sell back the Property Rights to Safin, and Safin is obligated to purchase from the Company the Property Rights for that amount equal to the First Installment (and the Second Installment if previously paid by the Company to Safin), less certain expenses of the LP and unrecoverable taxes paid by Safin.
A finder's fee is payable pursuant to the Agreement, as follows:
- USD $938,400, payable within three days of the Company making the First Installment;
- USD $1,288,000, payable within three days of the Company making the Second Installment; and
- USD $1,288,000, payable within three days of the Company making the Third Installment.
For further information, refer to the Company's news release dated December 19, 2011, as updated Mach 15, 2012.
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 19, 2011:
Number of Shares: | 64,325,000 shares and 60,100,000 subscription receipts. The subscription receipts will automatically convert into one share with no further consideration being paid on that day being four months and one day after closing of the financing, with some of the subscription receipts subject to a trust arrangement to be release upon meeting certain other Exchange requirements. If the conversion events do not occur to the extent that the subscription receipts may be converted and released, the funds will be returned to the subscriber(s). |
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Purchase Price: | $0.20 per share or subscription receipt | ||||||
Number of Placees: | 49 placees | ||||||
Insider / Pro Group Participation: | |||||||
Name |
Insider=Y / ProGroup=P |
# of Shares |
|||||
Gary Bogdanovich Lorinda Hoyem Jason Knoblauch Jonathan Younie Alfred Sanderson Ian McKinnon Michael Larkin David Savage Stonehouse Constructions Pte Ltd. (David Savage) Riad Tawfiq Mahmood Al Sadek Moshtagh Moshtaghi |
|
P P P Y Y Y Y Y Y Y Y |
475,000 subscription receipts 75,000 subscription receipts 50,000 subscription receipts 100,000 subscription receipts 50,000 subscription receipts 100,000 subscription receipts 100,000 subscription receipts 1,250,000 subscription receipts 7,285,000 shares 14,000,000 subscription receipts & 14,000,000 shares 14,000,000 subscription receipts & 14,000,000 shares |
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Finder's Fee: | 5,000,000 finder's shares payable to Lina Sadiq. |
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.
Name Change:
Pursuant to a resolution passed by the Board of Director's on December 16, 2011, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, Friday, March 16, 2012, the common shares of KazaX Minerals Inc. will commence trading on TSX Venture Exchange, and the common shares of Newbridge Capital Inc. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
Capitalization: Escrow: |
Unlimited 138,025,000 330,000 |
shares with no par value of which shares are issued and outstanding (including subscription receipts pursuant to the Private Placement) shares |
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Transfer Agent: | Computershare Trust Company of Canada | |||||||||
Trading Symbol: CUSIP Number: |
KZX 48668F108 |
(new) (new) |
________________________________________
KENNA CAPITAL CORP. ("MMG.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on April 15, 2010. The Company, which is classified as a Capital Pool Company ('CPC'), is required to complete a Qualifying Transaction ('QT') within 24 months of its date of listing, in accordance with Exchange Policy 2.4.
The records of the Exchange indicate that the Company has not yet completed a QT. If the Company fails to complete a QT by its 24-month anniversary date of April 16, 2012, the Company's trading status may be changed to a halt or suspension without further notice, in accordance with Exchange Policy 2.4, Section 14.6.
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LARGO RESOURCES LTD. ("LGO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 8, 2012:
Number of Shares: | 63,636,363 shares | ||||||||||||||
Purchase Price: | $0.22 per share | ||||||||||||||
Warrants: | 63,636,363 share purchase warrants to purchase 63,636,363 shares | ||||||||||||||
Warrant Exercise Price: | $0.30 for a four year period | ||||||||||||||
Number of Placees: | 11 placees | ||||||||||||||
Insider / Pro Group Participation: | |||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||
Arias Resource Capital GP II Ltd. Eton Park Capital Management, L.P. |
Y Y |
10,500,000 20,204,545 |
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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LONG HARBOUR EXPLORATION CORP. ("LHC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 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 27, 2012:
Number of Shares: | 1,333,335 shares | |||||||||
Purchase Price: | $0.15 per share | |||||||||
Warrants: | 1,333,335 share purchase warrants to purchase 1,333,335 shares | |||||||||
Warrant Exercise Price: | $0.25 for a one year period | |||||||||
Number of Placees: | 7 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
David Elliott Andrew Williams |
P P |
83,000 150,000 |
||||||||
Finder's Fee: | |
$6,000 payable to Haywood Securities Inc., with 40,000 warrants exercisable at $0.25 for one year. $6,000 payable to Canaccord Genuity Corp., with 40,000 warrants exercisable at $0.25 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.]
________________________________________
NEVADA SUNRISE GOLD CORPORATION ("NEV")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 15, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 13, 2012:
Number of Shares: | 16,700,000 shares | |||||||||
Purchase Price: | $0.12 per share | |||||||||
Warrants: | 8,350,000 share purchase warrants to purchase 8,350,000 shares | |||||||||
Warrant Exercise Price: | $0.20 for a two year period. If the Company's shares trade at $0.32 or greater for a period of twenty consecutive trading days, the Company may, upon notice to the warrant holders, shorten the exercise period to 30 days from the date of notice. |
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Number of Placees: | 51 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P |
# of Shares |
||||||||
Ron D'Ambrosio Douglas Bell Ronan Clohissey Chantal Gosselin Chris Naprawa Donato Sferra Graham Saunders Bryan Paul Joanna Protasowski Gina-Lee Gatto Inderjit Shoker Laurie Hunt Michael Forge Tracy Dabbs |
P P P P P P P P P P P P P P |
330,000 300,000 200,000 400,000 165,000 300,000 300,000 50,000 33,333 25,000 25,000 150,000 50,000 300,000 |
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Agent's Fee: | 1,586,667 units (same terms as shares and warrants sold pursuant to private placement) payable to Primary Capital Inc. |
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.
________________________________________
NEVADA SUNRISE GOLD CORPORATION. ("NEV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 15, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 9, 2012:
Number of Shares: | 2,857,140 shares | ||||||||
Purchase Price: | $0.07 per share | ||||||||
Warrants: | 2,857,140 share purchase warrants to purchase 2,857,140 shares | ||||||||
Warrant Exercise Price: | $0.10 for a two year period | ||||||||
Number of Placees: | 3 placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
PETRO ONE ENERGY CORP. ("POP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 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, as amended March 14, 2012:
Number of Shares: | 4,083,333 shares | |||||||||
Purchase Price: | $0.60 per share | |||||||||
Warrants: | 2,041,666 share purchase warrants to purchase 2,041,666 shares, subject to an accelerated expiry if the average closing price of the common shares is $1.20 or higher for 20 consecutive trading days. |
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Warrant Exercise Price: | $0.80 for a two year period | |||||||||
Number of Placees: | 59 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
Ken Potocky Joe Carlemusto |
P P |
14,000 33,333 |
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Finder's Fee: |
$68,606.45 payable to Aberdeen Gould Capital Markets Ltd. with 105,512 warrants attached exercisable at $0.80 for two years, subject to accelerated expiry $23,370 payable to Canaccord Genuity Corp. with 46,740 warrants attached exercisable at $0.80 for two years, subject to accelerated expiry $4,979.99 payable to Macquarie Private Wealth Inc. with 8,300 warrants attached exercisable at $0.80 for two years, subject to accelerated expiry $3,124.95 payable to CIBC Wood Gundy with 6,249 warrants attached exercisable at $0.80 for two years, subject to accelerated expiry |
|
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.
________________________________________
PINECREST ENERGY INC. ("PRY")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Effective March 2, 2012, the Company's Prospectus dated February 28, 2012 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta Securities Commission, Ontario Securities Commission, British Columbia Securities Commission, Saskatchewan Securities Commission, New Brunswick Securities Commission, Manitoba Securities Commission, Nova Scotia Securities Commission, Prince Edward Island and Newfoundland and Labrador Securities Commission pursuant to the provisions of the Securities Acts.
TSX Venture Exchange has been advised that closing occurred on March 14, 2012, for gross proceeds of $60,125,000.
Agents: |
Canaccord Genuity Corp. GMP Securities L.P. Cormark Securities Inc. Dundee Securities Ltd. Scotia Capital Inc. Peters & Co. Limited Paradigm Capital Inc. Desjardins Securities Inc. |
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Offering: | 18,500,000 common shares | ||||||||||
Share Price: | $3.25 per share | ||||||||||
Agents' Commission: | 5% of the gross proceeds |
________________________________________
PORTO ENERGY CORP. ("PEC")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
# of Warrants: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
9,750,000 March 28, 2012 March 28, 2013 US$0.50 |
________________________________________
PORTO ENERGY CORP. ("PEC")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
# of Warrants: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
1,985,000 March 28, 2012 March 28, 2013 US$01.00 |
________________________________________
PORTO ENERGY CORP. ("PEC")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
# of Warrants: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
5,805,000 March 28, 2012 March 28, 2013 US$01.00 |
________________________________________
PRO-OR INC. (RESSOURCES MINIERES) ("POI")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted to extend the expiry date of the following warrants:
Number of Warrants: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
1,000,000 September 28, 2010 (extended to September 28, 2011, and then March 28, 2012) September 28, 2012 $0.35 |
These warrants were issued under a private placement including a total of 2,000,000 shares and 1,000,000 warrants, which was accepted for filing by TSX Venture Exchange, effective on September 30, 2009.
RESSOURCES MINIÈRES PRO-OR INC. (« POI »)
TYPE DE BULLETIN: Prolongation des bons de souscription
DATE DU BULLETIN: Le 15 mars 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté de prolonger la date d'échéance des bons de souscription suivants :
Nombre de bons : Date initiale d'échéance des bons : Nouvelle date d'échéance des bons : Prix d'exercice des bons : |
1 000 000 Le 28 septembre 2010 (prolongés jusqu'au 28 septembre 2011 et encore jusqu'au 28 mars 2012) Le 28 septembre 2012 0,35 $ |
Ces bons ont été émis en vertu d'un placement privé comprenant 1 000 000 d'actions et 1 000 000 de bons de souscription, tel qu'accepté par Bourse de croissance TSX le 30 septembre 2009.
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RELIABLE ENERGY LTD. ("REL")
BULLETIN TYPE: Halt
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Effective at 5:27 a.m. PST, March 15, 2012, 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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RELIABLE ENERGY LTD. ("REL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Effective at 8:15 a.m., PST, March 15, 2012, shares of the Company resumed trading, an announcement having been made.
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ROXGOLD INC. ("ROG")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 9, 2012:
Number of Shares: | 14,000,000 shares | ||||||||||
Purchase Price: | $1.85 per share | ||||||||||
Number of Placees: | 20 placees | ||||||||||
Agents' Fees: | Underwritten by a syndicate led by Cormark Securities Inc., and including GMP Securities L.P., RBC Dominion Securities Inc., Fraser Mackenzie Limited, PI Financial Corp., Pope & Company Limited, Toll Cross Securities Inc. and Raymond James Limited. A cash commission of $1,554,000 was paid. |
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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SNOWFIELD DEVELOPMENT CORP. ("SNO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 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 9, 2012:
Number of Shares: | 5,414,025 shares | |||||||||||||||||||||
Purchase Price: | $0.10 per share | |||||||||||||||||||||
Warrants: | 5,414,025 share purchase warrants to purchase 5,414,025 shares | |||||||||||||||||||||
Warrant Exercise Price: | $0.15 for a two year period | |||||||||||||||||||||
Number of Placees: | 19 placees | |||||||||||||||||||||
Insider / Pro Group Participation: | ||||||||||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
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0802603 B.C. Ltd. (Clifford Boychuk, Paul McArthur) Marvin Mitchell Robert Paterson Seven Oaks Management (Robert Paterson) Snowmount Resources Ltd. (Robert Paterson, John Nagy) |
Y Y Y Y Y |
300,000 54,025 900,000 300,000 300,000 |
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Finder's Fee: | D&D Securities Inc. receives 75,000 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. [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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TRIOIL RESOURCES LTD. ("TOL")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
Effective March 8, 2012, the Company's Prospectus dated March 8, 2012 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta and Ontario Securities Commissions on March 8, 2012. The prospectus has also been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Saskatchewan, Manitoba, Quebec, New Brunswick and Nova Scotia. A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange has been advised that the closing occurred on March 15, 2012, including the full exercise of an over-allotment option granted to the underwriters, for gross proceeds of $35,500,000.
Underwriters: |
GMP Securities L.P. Canaccord Genuity Corp. Dundee Securities Ltd. Haywood Securities Inc. AltaCorp Capital Inc. |
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Offering: | 10,000,000 common shares | |||||||
Share Price: | $3.55 per share | |||||||
Underwriters' Commission: | A cash commission equal to 5% of the gross proceeds raised to be paid to the Underwriters. |
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UNITE CAPITAL CORP. ("UNT.P")
BULLETIN TYPE: New Listing-CPC-Shares
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
The Company has completed its initial distribution of securities to the public. The Capital Pool Company's ('CPC') Amended and Restated Prospectus dated December 28, 2011 has been filed with and accepted by TSX Venture Exchange and the Ontario, British Columbia and Alberta Securities Commissions effective December 30, 2011, under the provisions of the respective Securities Acts. The common shares of the Company will be listed and admitted to trading on TSX Venture Exchange, on the effective dates stated below.
The gross proceeds to be received by the Company for the Offering are $202,300 (2,023,000 common shares at $0.10 per share).
Listing Date: | At the close of business on Thursday, (5:01 p.m. EDT), March 15, 2012. | ||||||||||
Commence Date: | The common shares will commence trading on TSX Venture Exchange at the opening, on Friday, March 16, 2012, upon confirmation of closing. |
The closing of the public offering is scheduled to occur before the market opening, on Friday, March 16, 2012. A further notice will be issued upon receipt of closing confirmation.
Corporate Jurisdiction: | Ontario | |||||||||
Capitalization: Escrowed Shares: |
Unlimited 5,323,000 3,300,000 |
common shares with no par value of which common shares are issued and outstanding common shares |
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Transfer Agent: Trading Symbol: CUSIP Number: Agent: |
Olympia Transfer Services Inc. UNT.P 909237109 Canaccord Genuity Corp. |
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Agent's Options: | 198,000 non-transferable stock options. One option to purchase one share at $0.10 per share for up to 24 months. |
For further information, please refer to the Company's Amended and Restated Prospectus dated December 28, 2011.
Company Contact: Company Address: Company Phone Number: Company Fax Number: |
Paul Marsiglio, President and CEO 95 Wellington Street West, Suite 1200 Toronto, Ontario M5J 2Z9 416 979-2243 416 979-2263 |
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VENERABLE VENTURES LTD. ("VLV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an Option Agreement dated March 9, 2012 between the Company and BCT Mining Corp. (Stanley McClay, the "Optionor") whereby the Company may acquire a 100% interest in three mineral claims located in the Nechacko Plateau, near Vanderhoof, BC (the "Property").
The consideration payable to the Optionor consists of cash payments totaling $60,000 and shares issuances in the amount of 225,000 common shares of the Company payable in stages over a three year period.
The Optionor will retain a 1% net smelter return royalty which may be terminated at any time by the Company paying $500,000 to the Optionor.
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Market Information Services at 1-888-873-8392, or email: [email protected]
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