VANCOUVER, April 20, 2012 /CNW/ -
TSX VENTURE COMPANIES:
88 CAPITAL CORP. ("EEC")
[formerly 88 Capital Corp. ("EEC.P")]
BULLETIN TYPE: Qualifying Transaction-Completed, Symbol Change, Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered, Resume Trading
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing 88 Capital Corp.'s (the "Company") Qualifying Transaction described in its filing statement (the "Filing Statement") dated February 14, 2012. As a result, effective at the opening, Monday, April 23, 2012, the trading symbol for the Company will change from EEC.P to EEC and the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following matters, all of which have been accepted by the Exchange.
Acquisition of 60% interest in the Dot-Apex Property:
The Exchange has accepted for filing a Property Option Agreement under which Electra Gold Ltd. ("Electra") granted the Company a right and option to acquire up to an undivided 60% interest in the Dot-Apex Property located in British Columbia, subject to a 2% net smelter returns royalty reserved in favour of David G.Cardinal (the "Original Vendor").
In order to exercise the option and acquire a 60% interest in the Dot-Apex Property, the Company must pay $360,000 in cash to Electra, incur cumulative exploration expenditures of $2,800,000 over four years and pay one-half of the remaining cash payments due to the Original Vendor pursuant to the underlying option agreement, all as follows:
Cash Payments:
- $10,000, payable upon issuance of this Bulletin;
- $50,000 payable on or before November 14, 2013;
- $100,000 payable on or before November 14, 2014; and
- $200,000 payable on or before November 14, 2015.
Exploration Expenditures:
- $200,000, if applicable, on or before November 14, 2012;
- An additional $600,000, if applicable, on or before November 14, 2013;
- An additional $1,000,000 on or before November 14, 2014; and
- An additional $1,000,000 on or before November 14, 2015.
Cash Payments to the Original Vendor:
- $12,500 on or before February 1, 2012;
- $20,000 on or before February 1, 2013; and
- $30,000 on or before February 1, 2014.
Upon the Company having earned its undivided 60% interest, the parties will be deemed to have entered into a joint venture for the purposes of further exploration and development of the Dot-Apex Property, and will use their reasonable best efforts to negotiate and enter into a joint venture agreement in relation thereto.
The full particulars of the Company's Qualifying Transaction are set forth in the Filing Statement, which has been accepted for filing by the Exchange and which is available under the Company's profile on SEDAR.
Non-Brokered Private Placement:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 22, 2011:
| Number of Shares: | 7,387,500 common shares | |||||||||||
| Purchase Price: | $0.08 per common share | |||||||||||
| Warrants: | 7,387,500 share purchase warrants to purchase 7,387,500 common shares | |||||||||||
| Warrant Exercise Price: | $0.155 for a 60 month period | |||||||||||
| Number of Placees: | 24 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
| Elston Johnston Patricia O'Neill |
Y P |
62,500 62,500 |
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| Finder's Fees: | Larry James will receive $41,600 and Clodagh O'Rafferty will receive $13,920 |
The Company is classified as a 'Mineral Exploration and Development' company.
| Capitalization: Escrow: |
Unlimited 11,387,500 2,000,000 |
shares with no par value of which shares are issued and outstanding common shares are subject to a 36-month staged release escrow under the CPC Escrow Agreement |
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| Transfer Agent: | Computershare Investor Services Inc. | |||||||||
| Trading Symbol: CUSIP Number: |
EEC 282541 10 1 |
(new) (UNCHANGED) |
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Resume Trading:
Effective at the opening, Monday, April 23, 2012, trading in the shares of the Company will resume.
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ALSTON ENERGY INC. ("ALO")
BULLETIN TYPE: Halt
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
Effective at 5:18 a.m. PST, April 20, 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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AURIGA GOLD CORP. ("AIA")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 15, 2012:
| Number of Shares: |
(i) 8,217,985 flow-through shares (ii) 975,000 non flow through shares |
|
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| Purchase Price: |
(i) $0.345 per flow-through share (ii) $0.30 per non flow through share |
|
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| Warrants: |
(i) 4,108,992 share purchase warrants to purchase 4,108,992 shares (ii) 975,000 share purchase warrants to purchase 975,000 shares |
|
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| Warrant Exercise Price: |
(i) $0.45 for a two year period (ii) $0.40 for a two year period |
|
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| Number of Placees: | 27 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
| Marie McFarlane Daonald McFarlane |
P P |
40,000 155,000 |
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| Agent's Fee: | An aggregate of $153,187.88, plus 131,250 finders warrants (each exercisable into one common share at a price of $0.35 for a period of 1 year), payable to Industrial Alliance Securities Inc., Secutor Capital Management Corporation and MGI Securities Inc. |
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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BIOASIS TECHNOLOGIES INC. ("BTI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 11, 2012:
| Number of Shares: | 2,160,000 shares | ||||||||||||||
| Purchase Price: | $1.15 per share | ||||||||||||||
| Warrants: | 2,160,000 share purchase warrants to purchase 2,160,000 shares | ||||||||||||||
| Warrant Exercise Price: | $1.30 for a one year period | ||||||||||||||
| Number of Placees: | 23 placees | ||||||||||||||
| Insider / Pro Group Participation: | |||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||
| Jock McDermid The Estate of Walter Broad - Elaine McDermid, Executrix Thomas Diederichs Wayne McNeill |
P P P P |
100,000 50,000 22,000 200,000 |
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| Finders' Fees: |
Haywood Securities Inc. - $73,255.00 CIBC Wood Gundy - $70,035.00 |
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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DRIVEN CAPITAL CORP. ("DVV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation of an Option Agreement dated April 18, 2012 between Driven Capital Corp. (the "Company") and Tarsis Resources Ltd. (the "Optionor") whereby the Issuer may acquire a 60% interest in the White River property (the "Property") located at the western end of the Nisling Range, within the Tintina Gold Province, Yukon Territory.
The consideration payable to the Optionor consists of: cash payments totaling $400,000; share issuances in the amount of 2,000,000 common shares of the Company; and exploration expenditures in the amount of $4,250,000 all payable in stages over a four year period.
A finder's fee of 75,000 common shares is payable to Raymond James Ltd.
The Optionor has retained a 2% net smelter return royalty of which one-half can be acquired by the Company for $2,000,000 at any time.
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GENOIL INC. ("GNO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 20, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 18, 2012:
| Number of Units: | 6,732,898 units | |||||
| Purchase Price: | $0.09 per unit | |||||
| Warrants: | 6,732,898 share purchase warrants to purchase 6,732,898 shares | |||||
| Warrant Exercise Price: | $0.10 for a period of 60 months from issue date | |||||
| Number of Placees: | 15 placees | |||||
| Insider / Pro Group Participation: | None | |||||
| Finder's Fee: | None |
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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INTERNATIONAL MILLENNIUM MINING CORP. ("IMI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Option Agreement (the "Agreement"), dated April 2, 2012, between International Millennium Mining Corp. (the "Company"), and two (2) arm's-length parties (collectively, the "Vendors"), whereby the Company can acquire a 100% interest in 14 contiguous mineral claims (the "Wild Goose Property"), located approximately 23 km northwest of Revelstoke, BC.
Under the terms of the Agreement, the Company can earn a 100% interest in the Property by making aggregate cash payments of $100,000 over a six year period, issuing 500,000 common shares over a four year period and incurring $1,000,000 in exploration expenditures over an eight year period.
For further details, please refer to the Company's press release dated April 16, 2012.
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LA RONGE GOLD CORP. ("LAR")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced March 13, 2012 and March 15, 2012:
| Number of Shares: |
2,046,500 Flow-through shares 7,135,500 Non Flow-through shares |
|
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| Purchase Price: |
$0.65 per Flow-through share $0.55 per Non Flow-through share |
|
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| Warrants: | 3,567,750 share purchase warrants to purchase 3,567,750 shares | |||||||||||
| Warrant Exercise Price: | $0.70 for a two year period | |||||||||||
| Number of Placees: | 151 placees | |||||||||||
| Insider / Pro Group Participation: | ||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
| Jamie Mackie Stuart Ostlund Lilly Kazaz Gary Freeman Colin Rothery Nancy Rothery Elefterios Aligizakis Robert Elliott Dennis Hoesgen Eric Hoesgen Rasool Mohammad |
P P P Y P P P P P P Y |
154,000 20,000 20,000 50,000 115,000 115,000 40,000 39,000 30,000 37,500 180,000 |
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| Agents' Fees: |
Cannacord Genuity Corp. - $362,076.25 cash and 544,925 Agent's Warrants Union Securities Ltd. - 400 Agent's Warrants Leede Financial Markets- 15,000 Agent's Warrants National Bank Financial- 21,600 Agent's Warrants Macquarie Private Wealth Inc. - 4,000 Agent's Warrants Haywood Securities Inc. - 40,000 Agent's Warrants Scotia Capital- 3,000 Agent's Warrants Raymond James Ltd. - 3,575 Agent's Warrants |
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| - Each Agent's Warrant is exercisable into one Common share at $0.70 for 2 years from closing. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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MACUSANI YELLOWCAKE INC. ("YEL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Merger Agreement (the "Agreement") between Macusani Yellowcake Inc. ("Macusani") and Southern Andes Energy Inc. ("Southern Andes") - a TSX Venture listed company, whereby Macusani, pursuant to a three-cornered amalgamation, acquired all of the issued and outstanding common shares of Southern Andes on April 13, 2012.
Under terms of the Agreement, Southern Andes shareholders will receive (0.80) Macusani common shares for every one (1) Southern Andes common share held.
As a result of the transaction, Macusani will issue approximately 59,271,761 common shares to the former shareholders of Southern Andes.
For further details, please refer to the Macusani and Southern Andes Joint Management Information Circular dated February 28, 2012 and news release dated April 13, 2012.
| Capitalization: Escrow: |
Unlimited 167,047,475 nil |
shares with no par value of which shares are issued and outstanding shares |
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| Transfer Agent: | Equity Transfer & Trust Company | |||||||||
| Trading Symbol: CUSIP Number: |
YEL 556131100 |
(UNCHANGED) (UNCHANGED) |
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OPEL TECHNOLOGIES INC. ("OPL")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 500,000 bonus shares to an arm's length lender in consideration of a revolving credit facility of up to $5,000,000 made to the Company.
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PARK LAWN CORPORATION ("PLC")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: April 20, 2012
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Common Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.038 May 15, 2012 April 30, 2012 April 26, 2012 |
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SONOMAX TECHNOLOGIES INC. ("SHH")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,276,000 common shares at a deemed price of $0.05 per share to settle an outstanding debt of $163,800, as per the Company's press release dated April 18, 2012.
| Number of Creditors: | 2 creditors |
The Company shall issue a news release when the shares are issued and the debt extinguished.
SONOMAX TECHNOLOGIES INC. (« SHH »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 20 avril 2012
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 3 276 000 actions ordinaires, au prix d'émission présumé de 0,05 $ l'action, en règlement d'une dette de 163 800 $, tel qu'annoncé le 18 avril 2012.
| Nombre de créanciers : | 2 créanciers |
La société doit émettre un communiqué de presse lorsque les actions seront émises et que la dette sera réglée.
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SOUTHERN ANDES ENERGY INC. ("SUR")
BULLETIN TYPE: Delist
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
Effective at the close of business, Friday, April 20, 2012, the common shares of Southern Andes Energy Inc. ("Southern Andes") will be delisted from TSX Venture Exchange at the request of the Company.
For further details, please refer to the Macusani Yellowcake Inc. and Southern Andes Joint Management Information Circular dated February 28, 2012 and news release dated April 13, 2012.
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STANDARD GRAPHITE CORPORATION ("SGH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining to an option agreement dated March 30, 2012 between Standard Graphite Corporation (the 'Company') and Hamish Ross, pursuant to which the Company may acquire a 100% interest in 31 mining claims located in Quebec. In consideration, the Company will pay $5,000 and issue 250,000 shares.
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TOWER RESOURCES LTD. ("TWR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation with respect to an Option Agreement dated April 11, 2012 between Tower Resources Ltd. (the "Company") and C.J. Greig Holdings Ltd. (the "Optionor") whereby the Company may acquire up to a 100% interest in the Belle Property (the "Property") which consists of 6 mineral tenure claims in British Columbia.
The consideration payable to the Optionor consists of: $14,000 cash and share issuances in the aggregate amount of 150,000 common shares payable in stages over a 4-year period.
The Optionor will retain a 2% net smelter return royalty on the Property. The Company may reduce the royalty to 1% by paying $2,000,000 to the Optionor.
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W 7 ACQUISITION CORP. ("WSV.P")
BULLETIN TYPE: Halt
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
Effective at 5:31 a.m. PST, April 20, 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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W 7 ACQUISITION CORP. ("WSV.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 20, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated April 20, 2012, effective at 8:35 a.m., April 20, 2012, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to TSXV Policy 2.4. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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NEX COMPANY:
INVESTISSEMENTS TSPL INC. ("IMS.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 20, 2012
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to the second (and final) tranche of a Non-Brokered Private Placement announced December 8, 2011 and February 8, 2012:
| Number of Shares: | 3,390,000 shares | ||||||||
| Purchase Price: | $0.10 per share | ||||||||
| Warrants: | 3,390,000 share purchase warrants to purchase 3,390,000 shares | ||||||||
| Warrant Exercise Price: | $0.15 for a one year period | ||||||||
| Number of Placees: | 30 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.
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