VANCOUVER, June 15, 2012 /CNW/ -
TSX VENTURE COMPANIES:
AFRICA HYDROCARBONS INC. ("NFK")
BULLETIN TYPE: Halt
BULLETIN DATE: June 15, 2012
TSX Venture Tier 1 Company
Effective at 6:29 a.m. PST, June 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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AFRICA HYDROCARBONS INC. ("NFK")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 15, 2012
TSX Venture Tier 1 Company
Effective at 9:00 a.m., PST, June 15, 2012, shares of the Company resumed trading, an announcement having been made.
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AFRICA HYDROCARBONS INC. ("NFK")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: June 15, 2012
TSX Venture Tier 1 Company
Africa Hydrocarbons Inc. (the "Company") has closed its financing pursuant to its Prospectus dated June 8, 2012 which was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the securities commissions in all of the provinces of Canada other than Quebec on June 8, 2012, pursuant to the provisions of the applicable Securities Acts (the "Offering").
TSX Venture Exchange has been advised that the Offering closed on June 15, 2012, for gross proceeds of $10,000,000.
| Agent: | Canaccord Genuity Corp. |
| Offering: | 55,555,556 (the "Units"). Each Unit will consist of one common share of the Company and one half of one common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable by the holder to purchase one common share of the Company (a "Warrant Share") at a price of $0.30 for a period of 12 months from the closing of the Offering. |
| Unit Price: | $0.18 per Unit (the "Unit Price") |
| Warrant Exercise Price/Term: | Each Warrant is exercisable into one common share of the Company (a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 12 months from the closing of the Offering. |
| Agent Warrants: | The Agent was issued 3,888,889 warrants (the "Agent's Warrants") being a number equal to 7% of the Units sold under the Offering. Each Agent's Warrant will be exercisable to purchase one additional common share of the Company at a price of $0.18 per common share for a period of 18 months from the closing of the Offering. |
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CADILLAC MINING CORPORATION ("CQX")
BULLETIN TYPE: Private Placement-Non-Brokered, Correction
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
Further to the bulletin dated June 14, 2012, the TSX Venture Exchange has accepted and amendment to the Non-Brokered Private Placement announced April 11, 2012 with respect to the Finder's Fee. The rest of the bulletin remains unchanged.
| Finder's Fee: | 10,000 units and 10,000 warrants payable to Stephen Clarke |
| - 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. |
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CAERUS RESOURCE CORPORATION ("CA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 3, 2012 and May 11, 2012:
First Tranche:
| Number of Shares: | 5,005,000 shares | |
| Purchase Price: | $0.075 per share | |
| Warrants: | 5,005,000 share purchase warrants to purchase 5,005,000 shares | |
| Warrant Exercise Price: | $0.10 for a two year period | |
| Number of Placees: | 23 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Ken A. Sadowski | Y | 1,000,000 |
| David Hamilton Smith | P | 500,000 |
| Finders' Fees: | $16,275 cash and 217,000 warrants payable to Canaccord Genuity Corp. |
| $2,250 cash and 30,000 warrants payable to Alex Kuznecov | |
| $1,500 cash and 20,000 warrants payable to Mackie Research Capital Corp. | |
| $2,512.50 cash and 33,500 warrants payable to Fab Carella | |
| - Finder's fee warrants are exercisable at $0.10 per share for two years. |
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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CAP-EX VENTURES LTD. ("CEV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Exploration Agreement dated April 24, 2012 (the "Agreement") between Cap-Ex Ventures Ltd. (the "Company") and Innu Takuaikan Uashat Mak Mani-Utenam ("ITUM"), whereby the Agreement secures the consent of ITUM to the Company's exploration activities in areas of Quebec and Labrador which ITUM claims aboriginal rights and title in its traditional territories. As a consideration to ITUM's consent, the Company will issue 300,000 common shares upon the Exchange approval and pay $100,000 annually if the Company completes certain levels of exploration activities on its properties during the previous year. Additional annual $100,000 cash payment or 200,000 common shares may be payable to ITUM if certain levels of exploration activities have been achieved by the Company. There may also be other annual payments as disclosed in the Company's news release dated December 1, 2011.
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FALCON GOLD CORP. ("FG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a share exchange agreement (the "Agreement") dated May 17, 2012 between James Farley and Richard Haffner (collectively, the "Vendors"), Templer Gold Corp ("Templer"), Manhattan Minerals Inc. ("Manhattan") ( a Wholly owned subsidiary of Templer) and Falcon Gold Corp. (the "Company"). Pursuant to the Agreement, the Company shall acquire Templer.
As consideration, the Company shall issue an aggregate of 2,000,001 shares to the Vendors, and an aggregate of 2,815,000 units to various shareholders of Templer. Each unit shall consist of one common share and one half of one warrant. Each full warrant is exercisable into one common share at a price of $0.17 for a period of two years.
The Company shall also pay a finder's fee of 379,239 shares to David Tafel.
For more information, refer to the Company's news release dated February 29, 2012.
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FALCON GOLD CORP. ("FG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 1, 2012:
| Number of Shares: | 8,000,000 shares | |
| Purchase Price: | $0.10 per share | |
| Warrants: | 4,000,000 share purchase warrants to purchase 4,000,000 shares | |
| Warrant Exercise Price: | $0.17 for a two year period | |
| Number of Placees: | 37 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Jamie Lavigne | Y | 100,000 |
| Finder's Fee: | an aggregate of $18,040 and 232,400 warrants (each warrant exercisable into one common share at a price of $0.17 for a period of two years) payable to Burgeonvest Bick Securities Limited, Macquarie Private Wealth Inc. and PI Financial 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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GOLDSTRIKE RESOURCES LTD. ("GSR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 13, 2012:
| Number of Shares: | 3,365,358 non-flow-through shares | |
| 750,000 flow-through shares | ||
| Purchase Price: | $0.35 per non-flow-through share | |
| $0.40 per flow-through share | ||
| Warrants: | 1,307,679 share purchase warrants to purchase 1,307,679 non-flow- through shares |
|
| Warrant Exercise Price: | $0.80 for a two year period | |
| If the Company's closing share price is $1.20 or higher for ten consecutive trading days, the warrants will be subject to accelerated exercise provisions. |
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| Number of Placees: | 14 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Roy Ruppert | P | 100,000 non-flow-through shares |
| 100,000 flow-through shares | ||
| Finders' Fees: | $15,750 cash and 45,000 Finders' warrants payable to Aberdeen Gould Capital Markets Ltd. | |
| $42,906 cash and 71,160 Finders' warrants payable to CIBC Wood Gundy | ||
| $30,016.52 cash and 85,761 Finders' warrants payable to Northern Securities Inc. | ||
| - Finders' Warrants have an exercise price of $0.35 for a two year 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.
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GREATER CHINA CAPITAL INC. ("GCA.P")
BULLETIN TYPE: CPC-Filing Statement, Remain Suspended
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's CPC Filing Statement dated June 13, 2012, for the purpose of filing on SEDAR.
Trading in the Company's securities will remain suspended.
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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LATERAL GOLD CORP. ("LTG")
[formerly Lateral Gold Corp. ("LTG.H")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered, Company Tier Reclassification
BULLETIN DATE: June 15, 2012
NEX Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing Lateral Gold Corp.'s (formerly 'AVC Venture Capital Corp') (the "Company") Qualifying Transaction described in its filing statement (the "Filing Statement") dated May 15, 2012. As a result, effective at the opening, Monday, June 18, 2012, the trading symbol for the Company will change from LTG.P to LTG 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 the Chilko Property:
On August 30, 2011, the Company entered into an assignment agreement (the "Assignment Agreement") with Alto Ventures Ltd. ("Alto") under which Alto assigned to the Company all of its rights under an option agreement dated February 28, 2010, as amended November 9, 2011 (the "Option Agreement") with North Okanagan Exploration Group (the "Vendors") to acquire the Chilko Property located in the Williams Lake area of British Columbia.
On closing, the Company acquired a 100% interest in the Option Agreement. Pursuant to the Assignment Agreement, the Company issued 200,000 common shares to Alto on closing and will issue a further 100,000 common shares on exercise of the option under the Option Agreement or upon the Company electing not to proceed with exercising the option under the Option Agreement. The Company also paid cash to Alto as follows:
| (a) | $5,000 on the date of signing the Assignment Agreement; and | |||||
| (b) | an additional $25,000 on closing. |
In order to exercise the option under the Option Agreement and retain the Working right and Option (as defined in the Option Agreement) in good standing, the Company must:
| (a) | incur work expenditures on the Chilko Property totalling approximately $380,000 over a period expiring August 13, 2014; | |||||
| (b) | make cash payments to the Vendors of $70,000; and | |||||
| (c) | issue 20,645 common shares to the Vendors on closing (issued). |
Pursuant to the terms of the Option Agreement, the Vendors will retain a 2% net smelter returns royalty and the Company has the option to purchase one-half of such royalty for $1,000,000.
The Exchange has been advised that the above transaction has been completed. 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.
Private Placement - Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 21, 2012:
| Number of Shares: | 2,960,264 shares | |
| Purchase Price: | $0.19 per share | |
| Warrants: | 2,960,264 share purchase warrants to purchase 2,960,264 shares | |
| Warrant Exercise Price: | $0.25 for a five year period. The warrants are subject to an accelerated exercise provision in the even the Company's shares is greater than $0.55 for 20 consecutive trading days after 4 months from June 15, 2012. |
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| Number of Placees: | 19 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Shares |
| Rocket Capital Corp. | ||
| (Tom Seltzer) | P | 100,000 |
| Finder's Fee: | Canaccord Genuity Corp. - $1,520.00 | |
| Pan America Capital Group, Inc. - 100,821 units with the same terms as the offering (warrants are non-transferable). |
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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). | |||
| Capitalization: | Unlimited | shares with no par value of which | |
| 11,609,626 | shares are issued and outstanding | ||
| Escrow: | 828,046 | shares will be subject to a 36 month staged release escrow of which 10% are authorized to be released on issuance of this Bulletin. |
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| Transfer Agent: | Computershare Trust Company of Canada | ||
| Trading Symbol: | LTG | (new) | |
| CUSIP Number: | 51818T 10 1 | (UNCHANGED) | |
Company Tier Reclassification:
In accordance with Policy 2.5, the Company has met the requirements for a Tier 2 company. Therefore, effective at the opening, Monday, June 18, 2012, the Company's Tier classification will change from NEX to:
Classification
Tier 2
The Company is classified as a 'Mineral Exploration' company.
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MAGNUM ENERGY INC. ("MEN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 25, 2012:
| Number of Shares: | 1,012,500 common shares | ||
| 3,000,000 flow-through shares | |||
| Purchase Price: | $0.08 per common share | ||
| $0.10 per flow-through share | |||
| Number of Placees: | 19 placees | ||
| Insider / Pro Group Participation: | |||
| Insider=Y / | |||
| Name | ProGroup=P / | # of Shares | |
| Richard Nemeth | Y | 250,000 common | |
| Richard Young | Y | 312,500 common | |
| Jeffrey Lowe | Y | 250,000 FT | |
| Murray Stewart | Y | 125,000 common | |
| No Finder's Fee | |||
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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MANITOK ENERGY INC. ("MEI")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: June 15, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated June 12, 2012, it may repurchase for cancellation, up to 4,435,055 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period June 18, 2012 to June 17, 2013. Purchases pursuant to the bid will be made by Integral Wealth Securities Ltd. on behalf of the Company.
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RAGING RIVER EXPLORATION INC. ("RRX")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 15, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced April 19, 2012:
| Number of Special Warrants | 17,500,000 special warrants | |
| Purchase Price: | $2.00 per special warrant | |
| Number of Placees: | 153 placees | |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P / | # of Sp. Warrants |
| Neil Roszell | Y | 50,000 |
| Bruce Robertson | Y | 50,000 |
| Agent's Fee: | Peters & Co. Limited - $507,500 cash | |
| FirstEnergy Capital Corp. - $437,500 cash | ||
| Desjardins Securities Inc. - $175,000 cash | ||
| Dundee Securities Inc. - $175,000 cash | ||
| Paradigm Capital Inc. - $175,000 cash | ||
| National Bank Financial - $87,500 cash | ||
| Cormark Securities Inc. - $87,500 cash | ||
| CIBC World Markets Inc. - $35,000 cash | ||
| GMP Securities LP - $35,000 cash | ||
| Scotia Capital Inc. - $35,000 cash | ||
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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STINA RESOURCES LTD. ("SQA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining an Option Agreement dated June 5, 2012 between Stina Resources Ltd. (the 'Company') and Copper Creek Gold Corp., pursuant to which the Company may acquire a 60% interest in 3 mineral claims in the Blackwater region of British Columbia, known as the Bandit Property. In consideration, the Company will issue a total of 400,000 shares and undertake exploration work totalling $2,000,000 as follows:
| SHARES | WORK EXPENDITURES | |
| Upon approval | 100,000 | nil |
| On or before 1st anniversary | 100,000 | $100,000 |
| On or before 2nd anniversary | 100,000 | $650,000 |
| On or before 3rd anniversary | 100,000 | $500,000 |
| On or before 4th anniversary | nil | $750,000 |
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SUPARNA GOLD CORP. ("SUG")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date and the amendment of the exercise price of the following warrants:
| Private Placement: | |
| # of Warrants: | 16,666,667 |
| Original Expiry Date of Warrants: | June 30, 2012 |
| New Expiry Date of Warrants: | June 30, 2013 |
| Original Exercise Price of Warrants: | $0.50 |
| New Exercise Price of Warrants: | $0.40 |
These warrants were issued pursuant to a private placement of 33,333,334 shares with 16,666,667 share purchase warrants attached, which was accepted for filing by the Exchange effective July 20, 2011.
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TARGET CAPITAL INC. ("TCI")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
The Issuer has declared the following dividend(s):
| Dividend per Share: | $0.02 |
| Payable Date: | June 30, 2012 |
| Record Date: | June 22, 2012 |
| Ex-Dividend Date: | June 20, 2012 |
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TRAFINA ENERGY LTD. ("TFA.A") ("TFA.WT.A")
BULLETIN TYPE: Suspend - Failure to Maintain Exchange Requirements
BULLETIN DATE: June 15, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated June 14, 2012, effective at the open, Monday, June 18, 2012, trading in the class A shares and class A warrants of the Company will be suspended the Company having failed to maintain Exchange Requirements. For further information please refer to the Company's press release dated June 14, 2012.
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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