VANCOUVER, May 8, 2012 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 8, 2012
NEX Company
A Temporary Cease Trade Order has been issued by the Ontario Securities Commission on May 8, 2012 against the following company for failing to file the documents indicated within the required time period:
| Symbol |
Tier |
Company |
Failure to File |
Period Ending (Y/M/D) |
|
| HFM.H |
NEX |
Interactive Capital Partners Corporation |
Audited annual financial statements for the year ended |
2011/12/31 |
|
| |
|
|
Management's discussion and Analysis relating to the audited Annual financial statements For the year ended |
2011/12/31 |
|
| |
|
|
Certification of the foregoing flings As required by National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings. |
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. 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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BULLDOG EXPLORATIONS LTD. ("BDG")
[formerly SinoGas West Inc. ("GZW")]
BULLETIN TYPE: Name Change
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders November 2, 2011, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, Wednesday, May 9, 2012, the common shares of Bulldog Explorations Ltd. will commence trading on TSX Venture Exchange, and the common shares of SinoGas West Inc. will be delisted. The Company is classified as a 'mineral exploration/development' company.
| Capitalization: | unlimited | shares with no par value of which |
| 20,000,000 | shares are issued and outstanding | |
| Escrow: | 4,100,000 | escrow shares |
| Transfer Agent: | Olympia Trust Company | |
| Trading Symbol: | BDG | (new) |
| CUSIP Number: | 12022H 10 1 | (new) |
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CADILLAC MINING CORPORATION ("CQX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 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:
| First Tranche: | ||
| Number of Shares: | 2,215,000 shares | |
| Purchase Price: | $0.20 per share | |
| Warrants: | 1,107,500 share purchase warrants to purchase 1,107,500 shares | |
| Warrant Exercise Price: | $0.40 for an eighteen-month period | |
| Number of Placees: | 23 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name ProGroup=P / | # of Shares | |
| Simon Schillaci | P | 35,000 |
| Finders' Fees: | $16,480 cash and 82,400 warrants payable to Union Securities Ltd. | |
| 56,800 units and 56,800 warrants payable to Stephen Clarke | ||
| 16,000 units and 16,000 warrants payable to Stephen Kubota | ||
| - Finder's fee units are under the same terms as those to be issued pursuant to the private placement. | ||
| - Finder's fee warrants are exercisable at $0.40 per share for 18 months. | ||
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.
________________________________________
CGX ENERGY INC. ("OYL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Effective at the Open, May 8, 2012, shares of the Company resumed trading, an announcement having been made.
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COLORADO RESOURCES LTD. ("CXO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement dated April 23, 2012 between Colorado Resources Ltd. (the "Company") and Richard Billingsley and Dwayne Kress (collectively, the "Optionors"), whereby the Company has an option to acquire a 100% interest in 12 mineral claims located in South Aspen Grove area in British Columbia. In consideration, the Company will pay the Optionors total cash payments in the amount of $135,000 ($35,000 cash in the first year) and issue 575,000 shares (125,000 shares in the first year) over a four-year period.
________________________________________
ESTRELLA INTERNATIONAL ENERGY SERVICES LTD. ("EEN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 8, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to the Stock Purchase Agreement and subsequent amending agreements (collectively, the "Agreements") between the Company and Zigma Petroleum Services S.A. ("Zigma") whereby the Company will exercise an option (the "Option") to acquire the remaining 51% of the issued and outstanding shares of Zigma. Subsequent to this, the Company will own 100% of Zigma.
Under the terms of the Agreement, the Company will pay shareholders of Zigma an aggregate of USD$3,250,000 consisting of USD$500,000 cash, 3,125,000 Shares at a deemed price of $0.48 per share and up to 750,000 Class B Preference Shares ("Class B Shares") at a deemed price of $1.00 per Class B Share. The Class B Shares are convertible into common shares as outlined in the Company's press release dated September 6, 2011. The issuance of up to 500,000 Class B Shares are contingent and only issuable under certain conditions outlined in the Agreements.
Insider / Pro Group Participation: None.
For further information please refer to the Company's press releases dated September 6, 2011 and February 23, 2012.
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FOXPOINT CAPITAL CORP. ("FXC.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on June 8, 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 June 8, 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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GOLD BULLION DEVELOPMENT CORP. ("GBB")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Further to TSX Venture Exchange's bulletin dated May 7, 2012 with respect to a Non-Brokered Private Placement, the text of the bulletin should have identified the number of shares subscribed by Roger Thomas as 200,000 instead of 3,256,666 shares. The other information in our bulletin dated May 7, 2012 remains unchanged.
GOLD BULLION DEVELOPMENT CORP. (« GBB »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier, correction
DATE DU BULLETIN : Le 8 mai 2012
Société du groupe 2 de TSX Croissance
Suite au bulletin de Bourse de croissance TSX daté du 7 mai 2012 relativement à un placement privé sans l'entremise d'un courtier, le texte du bulletin aurait dû indiquer que le nombre d'actions souscrites par Roger Thomas est 200 000 plutôt que 3 256 666 actions. Les autres informations de notre bulletin du 7 mai 2012 demeurent inchangées.
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EARTHWORKS INDUSTRIES INC. ("EWK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 19, 2012:
| Number of Shares: | 751,666 shares | |
| Purchase Price: | $0.30 per share | |
| Warrants: | 375,833 share purchase warrants to purchase 375,833 shares | |
| Warrant Exercise Price: | $0.45 for a two year period | |
| Number of Placees: | 8 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| David Atkinson | Y | 30,000 |
| Finder's Fee: | $9,450 payable to Canaccord Genuity Corp. | |
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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LYNDEN ENERGY CORP ("LVL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced April 17, 2012:
| Number of Shares: | 10,135,000 shares | |
| Purchase Price: | $0.42 per share | |
| Warrants: | 5,067,500 share purchase warrants to purchase 5,067,500 shares | |
| Warrant Exercise Price: | $0.65 for a three year period | |
| Number of Placees: | 18 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Ian Kirk | P | 20,000 |
| David Elliott | P | 150,000 |
| Lisa Stefani | P | 40,000 |
| Finders' Fees: | Haywood Securities Inc. will receive 24,000 units | |
| Canaccord Genuity Corp. will receive 6,000 units | ||
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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MEDWORXX SOLUTIONS INC. ("MWX")
BULLETIN TYPE: Halt
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Effective at 8:08 a.m. PST, May 8, 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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MEDWORXX SOLUTIONS INC. ("MWX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Effective at 9:30 a.m., PST, May 8, 2012, shares of the Company resumed trading, an announcement having been made.
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MERCARI ACQUISITION CORP. ("MV.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated April 9, 2012, effective at the open, Wednesday, May 9, 2012, trading in the shares of the Company will be suspended, the Company having failed to complete a Qualifying Transaction within 24 months of its listing.
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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METANOR RESOURCES INC. ("MTO.WT")
BULLETIN TYPE: Warrant Expiry-Delist
BULLETIN DATE: May 8, 2012
TSX Venture Tier 1 Company
Effective at the opening, May 10, 2012, the Share Purchase Warrants of the Company will trade for cash. The Warrants expire May 15, 2012 and will therefore be delisted at the close of business May 15, 2012.
TRADE DATES
May 10, 2012 - TO SETTLE - May 11, 2012
May 11, 2012 - TO SETTLE - May 14, 2012
May 14, 2012 - TO SETTLE - May 15, 2012
May 15, 2012 - TO SETTLE - May 15, 2012
The above is in compliance with Trading Rule C.2.18 - Expiry Date:
Trading in the warrants shall be for cash for the three trading days preceding the expiry date and also on expiry date. On the expiry date, trading shall cease at 12 o'clock noon E.T. and no transactions shall take place thereafter except with permission of the Exchange.
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PACEPARTNERS INC. ("PIA.P")
BULLETIN TYPE: Halt
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Effective at 6:01 a.m. PST, May 8, 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.
________________________________________
SANDSTORM GOLD LTD. ("SSL")("SSL.WT")("SSL.WT.A")
BULLETIN TYPE: Consolidation
BULLETIN DATE: May 8, 2012
TSX Venture Tier 1 Company
Pursuant to a special resolution passed by shareholders on May 4, 2012, the Company has consolidated its capital on a five (5) old for one (1) new basis and has subsequently increased its authorized capital. The name of the Company has not been changed.
Effective at the opening, Wednesday, May 9, 2012, the shares of Sandstorm Gold Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'junior natural resource - mining' company.
| Post - Consolidation | ||
| Capitalization: | unlimited | shares with no par value of which |
| 69,686,262 | shares are issued and outstanding | |
| Escrow | nil | shares are subject to escrow |
| Transfer Agent: | Computershare Investor Services Inc. | |
| Trading Symbol: | SSL | (UNCHANGED) |
| CUSIP Number: | 80013R 20 6 | (new) |
| Warrant Trading Symbol: | SSL.WT | (UNCHANGED) |
| Warrant CUSIP Number: | 80013R 11 5 | (UNCHANGED) |
Following the consolidation, for every five (5) warrants the holder will be entitled to purchase one consolidated common share at a price of US$3.00 expiring on Wednesday, April 23, 2014.
| Warrant Trading Symbol: | SSL.WT.A | (UNCHANGED) |
| Warrant CUSIP Number: | 80013R 12 3 | (UNCHANGED) |
Following the consolidation, for every five (5) Series A warrants the holder will be entitled to purchase one consolidated common share at a price of US$5.00 expiring on Monday, October 19, 2015.
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SATORI RESOURCES INC. ("BUD")
BULLETIN TYPE: Private Placement-Non-Brokered, Replacement
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Further to our Bulletin dated March 29, 2012, the Bulletin should have stated:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 27, 2012:
| Number of Shares: | 750,000 flow through shares | |
| Purchase Price: | $0.08 per share | |
| Warrants: | 375,000 share purchase warrants to purchase 375,000 shares | |
| Warrant Exercise Price: | $0.13 for a two year period | |
| Number of Placees: | 6 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Jennifer Boyle | Y | 125,000 |
| Brian Christie | P | 62,500 |
| Christos Doulis | P | 62,500 |
| Finder's Fee: | an aggregate of $2,000, plus 25,000 finder's warrants (each exercisable into one common share at a price of $0.10 for a period of two years) payable to Stonecap Securities and Hennifer Swedberg | |
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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SG SPIRIT GOLD INC. ("SG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
The common shares of the Company have been halted from trading since December 13, 2011, pending completion of a proposed transaction with Buchans Minerals Corp. and Mountain Lake Resources Inc.
The Exchange has been advised that the proposed transaction has been terminated.
Effective at the open, Wednesday, May 9, 2012, trading in the shares of the Company will resume.
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SHOSHONI GOLD LTD. ("SHJ")
[formerly New Shoshoni Ventures Ltd. ("NSV")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders October 12, 2011, the Company has consolidated its capital on a five (5) old for one (1) new basis. The name of the Company has also been changed as follows.
Effective at the opening, Wednesday, May 9, 2012, the common shares of Shoshoni Gold Ltd. will commence trading on TSX Venture Exchange, and the common shares of New Shoshoni Ventures Ltd. will be delisted. The Company is classified as a 'Resource Company'.
| Post - Consolidation | ||
| Capitalization: | Unlimited | shares with no par value of which |
| 20,107,009 | shares are issued and outstanding | |
| Escrow: | Nil | shares |
| Transfer Agent: | Computershare Investor Services Inc. | |
| Trading Symbol: | SHJ | (new) |
| CUSIP Number: | 82535P106 | (new) |
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SOLARA EXPLORATION LTD. ("SAA.A")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 29, 2012 and closed on April 24, 2012:
| Number of Shares: | 5,450,000 flow-through shares ("FT Shares") | |
| Purchase Price: | $0.10 per FT Share | |
| Number of Placees: | 9 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Ross O. Drysdale | Y | 100,000 |
| Penny Walker | P | 50,000 |
| Finder's Fee: | $5,600 cash payable to Octagon Capital Corporation | |
| $8,000 cash payable to Accilent Capital Inc. | ||
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SOLVISTA GOLD CORPORATION ("SVV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Letter Agreement (the "Agreement"), dated April 29, 2012, between Solvista Gold Corporation (the "Company"), and Tolima Gold Inc. - a TSX venture listed company (the "Vendor"), whereby the Company may acquire up to a 100% interest in five (5) mineral titles (the "Middle Cauca Properties"), located in the Caramanta district of Columbia.
Under the terms of the Agreement, the Company will earn a 50% interest in the properties by issuing 3,000,000 common shares to the Vendor over a two year period.
For further details, please refer to the Company's news release dated April 30, 2012.
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SYNCHRONICA PLC ("SYN")
BULLETIN TYPE: Delist
BULLETIN DATE: May 8, 2012
TSX Venture Tier 1 Company
Effective at the close of business, Tuesday, May 15, 2012, the common shares will be delisted from TSX Venture Exchange at the request of the Company.
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TIREX RESOURCES LTD. ("TXX")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: May 8, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 70,000 shares at a deemed price of $0.70, in consideration of certain services provided to the company pursuant to an agreement dated February 12, 2012.
No Insider / Pro Group Participation
The Company shall issue a news release when the shares are issued.
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VALENCIA VENTURES INC. ("VVI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 16, 2012:
| Number of Shares: | 10,000,000 shares |
| Purchase Price: | $0.05 per share |
| Number of Placees: | 2 placees |
For further details, please refer to the Company's news release dated May 4, 2012.
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NEX COMPANY:
ZIPLOCAL INC. ("ZIP.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 8, 2012
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 20, 2012:
| Convertible Debenture | $760,000 (comprised of 760 $1,000 units) |
| Conversion Price: | Convertible into units consisting of one common share and one common share purchase warrant at $0.10 of principal outstanding. |
| Maturity date: | One year from closing |
| Warrants | Each warrant will have a term of one year from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.15 per share. |
The Debentures will automatically convert into common shares 10 business days after the consolidation of all the issued and outstanding common shares on the proposed basis of one common share for a minimum of 10 common shares then issued and outstanding at a conversion price that is equal to the greater of: (i) $0.10 per share and (ii) the average trading price of the common shares over the five day trading period immediately following the consolidation.
| Interest rate: | 10% | |
| Number of Placees: | 21 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | Principal Amount |
| JL Albright IV Venture Fund | Y | $200,043 |
| JL Albright IV Parallel Venture Fund | Y | $39,618 |
| JL Albright IV Parallel II Venture Fund | Y | $10,339 |
| Finder's Fee: | $38,100 payable to Wildlaw Capital Markets 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.
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