VANCOUVER, Oct. 9, 2012 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: October 5, 2012
TSX Venture Company
A Cease Trade Order has been issued by the Alberta Securities Commission on October 5, 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) |
||||||||||||
CCF |
2 |
Cobalt Coal Ltd. |
A technical report within 45 days after the date of disclosure in accordance with Form 43-101F1. The Company issued press releases dated January 19, 2011 and July 17, 2012. |
|
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.
________________________________________
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: October 5, 2012
TSX Venture Company
A Cease Trade Order has been issued by the BC Securities Commission on October 5, 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) |
||||||||||||
FLA |
2 |
Fairmile GoldTech Inc. |
Comparative financial statement Form 51-102F1 Management's Discussion and Analysis 12/05/31 |
12/05/31 |
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.
________________________________________
ACKROO INC. ("AKR")
[formerly Rare Earth Industries Ltd. ("RND")
BULLETIN TYPE: Reverse Takeover-Completed, Name Change & Consolidation, Resume Trading
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
Effective at the opening on Wednesday, October 10, 2012, trading in the Company's share shall resume.
The TSX Venture Exchange has accepted for filing the Company's Reverse Takeover ('RTO'), which includes the following transactions:
Name Change and Consolidation:
Pursuant to a resolution passed by shareholders on July 25, 2012, the Company has consolidated its capital on a 2.5 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening on Wednesday, October 10, 2012, the common shares of Ackroo Inc. will commence trading on TSX Venture Exchange and the common shares of Rare Earth Industries Ltd. will be delisted. The Company is classified as a 'Technology' company.
Post - Consolidation Capitalization: Escrow: |
Unlimited 57,144,133 30,485,383 |
shares with no par value of which shares are issued and outstanding shares |
||||||||
Transfer Agent: | Computershare Trust Company of Canada | |||||||||
Trading Symbol: CUSIP Number: |
AKR 00461T108 |
(new) (new) |
Acquisition:
The acquisition of all of the shares of MoneyBar Rewards Inc. ("MR1") in consideration of the issuance of:
(i) | 38,015,317 post consolidated shares; |
(ii) | 7,841,467 post consolidated units; |
(iii) | 647,143 5-year stock options exercisable at $0.10/share; and |
(iv) | 611,228 2-year agent's options exercisable into 611,228 post-consolidated units at a price of $0.45/unit. |
Each unit is comprised of 1 common share and 1 warrant exercisable for 3 years at $0.70 per share.
The Exchange has been advised that the above transaction, approved by shareholders on October 2, 2012 (by consents), has been completed.
Insider / Pro Group Participation: N/A
Company Contact: Company Address: Company Phone Number: Company Fax Number: Company Email Address: |
Jennifer Nelson, Vice President, Marketing Suite 700, 300 Terry Fox Drive Ottawa, Ontario K2K 0E3 1 (613) 599-2396 N/A [email protected] |
________________________________________
EL NINO VENTURES INC. ("ELN")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: October 9, 2012
TSX Venture Tier 1 Company
Further to TSX Venture Exchange Bulletin dated October 2, 2012, the Company advises that the following information is amended:
Number of Shares: | 5,166,133 non flow-through shares and 8,865,000 flow-through shares | |||||||||||
Warrants: | 7,015,567 share purchase warrants to purchase 7,015,567 shares | |||||||||||
Number of Placees: | 13 placees | |||||||||||
Insider / Pro Group Participation: | ||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||
Coreena Hansen | Y | 50,000 FT | ||||||||||
Finder's Fee: |
$910 payable to Macquarie Private Wealth Inc., with 9,100 warrants exercisable at $0.16 for eighteen months $747.50 payable to Norm Pitre $7,000 payable to West Oak Capital Partners Inc. (Robert Bruce Duncan) $7,000 payable to Sheridan Brothers Limited Partnership, with 70,000 warrants exercisable at $0.16 for eighteen months $8,750 payable to Accilent Capital Management Inc., with 87,500 warrants exercisable at $0.16 for eighteen months |
All other terms remain unchanged.
________________________________________
ENTREC CORPORATION ("ENT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 9, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Option to Purchase Agreement (the "Agreement") dated September 30, 2012 between the Company and Perras Industrial Park Ltd. (the "Vendor"), a Non-Arms Length Party. As per terms of the Agreement, the Company has been granted an option (the "Option") to purchase a 10 acre property (the "Property") in Fort McMurray, acquired from an Arm's Length Party, Perras Bros. Holdings Ltd. (the "Original Vendor") at a purchase price of $850,000 per acre. The Option is exercisable at any time following the receipt of regulatory approval from the Regional Municipality of Wood Buffalo to the subdivision of the Property from the 27 acre parcel of land in which it is currently included. In consideration, the Company will pay the Vendor an aggregate $8,500,000 in cash, consisting of an initial deposit of $3,500,000 ("Initial Deposit") and $5,000,000 on the exercise of the Option.
If regulatory approval to the subdivision of the Property is not received within 24 months (the "Fail Condition"), the Company will enter a long term lease agreement with the Vendor at market rates to be negotiated by the parties with the Initial Deposit to be credited as prepaid rent. Until the earlier of either (a) the Option is exercised or (b) the Fail Condition occurs, the Company will rent the Property from the Vendor on a month to month basis for rent of $20,833.33 per month. If the Fail Condition occurs and if the Vendor defaults on its obligations to the Original Vendor, the Company will have the option of purchasing the balance of the 27 acres subject to a vendor take-back financing.
This transaction was announced in the Company's press release dated October 5, 2012.
________________________________________
ESTRELLA GOLD CORPORATION ("EST")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 19, 2012, as amended October 3, 2012:
Number of Shares: | 7,555,000 shares | |||||||||
Purchase Price: | $0.15 per share | |||||||||
Warrants: | 7,555,000 share purchase warrants to purchase 7,555,000 shares | |||||||||
Warrant Exercise Price: | $0.25 for a three year period | |||||||||
Number of Placees: | 21 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
Exploration Capital Partners 2000 Limited Partnership Keith Alfred Laskowski Pacific Opportunity Capital Ltd. |
Y Y Y |
1,300,000 35,000 150,000 |
||||||||
Finder's Fee: | $42,375 payable to Global Market Development LLC (Jeff Phillips), with 565,000 Finder's Options that are exercisable into units at $0.15 per unit. Each unit is comprised of one common share and one warrant that is exercisable into common shares at $0.25 per share for a 36 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.
________________________________________
F.D.G. MINING INC. ("FDG")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a modification agreement (the "Modification Agreement") to extend the option agreement to acquire the Topaico gold concession from Inversions Minerales S.A. ("IMISA") dated July 31, 2012. Pursuant to the Modification Agreement, F.D.G. Mining Inc. (the "Company") has received a three year extension of the option period within which to purchase, subject to a 3% net smelter returns royalty, a 100% interest in the Topaico gold concession pursuant to the terms of the original option agreement (the "Option Agreement") dated April 30, 2010. Under the terms of the Option Agreement, the Company was required to make semi-annual option payments of US$60,000 during each year of the term and a final balloon option payment of US$3,000,000 on or before April 13, 2013. Under the terms of the Modification Agreement, the Company has a three year extension of the Option Agreement in consideration for increasing its semi-annual option payments from US$60,000 to US$90,000 each, effective May 1, 2013, and issuing 420,000 common shares to IMISA. The final balloon option payment of US$3,000,000 is now due on or before April 16, 2016.
For further information on the above transaction please refer to the Company's news release dated August 14, 2012.
________________________________________
FUNCTIONAL TECHNOLOGIES CORP. ("FEB")
BULLETIN TYPE: Private Placement - Non-Brokered, Correction
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated October 5, 2012, the Bulletin should have read in part as follows. The rest of the bulletin remains unchanged.
Number of Placees: | 46 placees in the second tranche | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||
Ronald White | P | 100,000 | ||||||||
Finders' Fees: | - The Finder's Warrants will have the same terms and conditions as the Private Placement Warrants, except that the finder's warrants are non-transferrable. |
________________________________________
GREAT NORTHERN GOLD EXPLORATION CORPORATION ("GGE")
[formerly Doca Capital Corp. ("DCA.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Reinstated for Trading, Prospectus-Share Offering, Name Change, Halt
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing Great Northern Gold Exploration Corporation's (formerly, Doca Capital Corp.) (the "Company") Qualifying Transaction described in its prospectus (the "Prospectus") dated September 13, 2012. As a result, effective at the opening, Wednesday, October 10, 2012, the trading symbol for the Company will change from "DCA.P" to "GGE" 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:
1. Qualifying Transaction:
The Exchange has accepted for filing two arm's length property option agreements (collectively the "Agreements") both dated February 6, 2012, between the Company and Strider Resources Limited (a Manitoba private company, "Strider") and the Company, Strider and Cangame Corporation (a Manitoba private company, "Cangame"). Pursuant to the Agreements, the Company has acquired an exclusive right and option to acquire a 100% interest in the Wekusko Gold Property. The Wekusko Gold Property is located approximately 23 kilometers southeast of Snow Lake, Manitoba and comprises 58 mineral claims totaling approximately 8,940 hectares.
For further information on the Qualifying Transaction please read the Company's Prospectus and news releases available on SEDAR.
Insider / Pro Group Participation: None. At the time the transaction was agreed to, the Company was at arm's length to Strider, Strider's shareholders, Cangame and Cangame's shareholders.
The Exchange has been advised that the above transaction, that did not require shareholder approval from the Company's shareholders, has been completed.
In addition, the Exchange has accepted for filing the following:
2. Reinstated for Trading:
Further to the Exchange Bulletin dated July 13, 2012, the Company has now completed a Qualifying Transaction.
Effective at the opening, Wednesday, October 10, 2012, trading will be reinstated in the securities of the Company (CUSIP 391021 10 2).
3. Prospectus-Share Offering:
Effective Wednesday, October 10, 2012, the Company's Prospectus dated September 13, 2012 was filed with and accepted by the Exchange, and filed with and receipted (the "Receipt") by the British Columbia Securities Commission, pursuant to the provisions of the British Columbia Securities Act. The Receipt also evidences that the Ontario Securities Commission has issued a receipt for the Prospectus.
The Prospectus was filed under Multilateral Instrument 11-102 Passport System in Alberta and Manitoba. 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.
The gross proceeds received by the Company for the Prospectus offering was $1,900,000.
Agents: | Canaccord Genuity Corp. | ||||||
Offering: | 12,666,667 shares | ||||||
Share Price: | $0.15 per share | ||||||
Agents' Warrants: | 1,266,666 non-transferable warrants exercisable to purchase one share at $0.15 per share for a 24 month period. | ||||||
Greenshoe Option: | The Agent may over-allot the shares in connection with this offering and the Company has granted to the Agent, an option to purchase up to 2,500,000 additional shares, at $375,000 gross, for a 30 day period. |
4. Name Change and Halt:
Effective at the opening, Wednesday, October 10, 2012, the common shares of "Great Northern Gold Exploration Corporation" will commence trading on the Exchange and be immediately halted, and the common shares of "Doca Capital Corp." will be delisted. The Company is classified as a 'Mineral Exploration' company.
Capitalization: Escrow: |
Unlimited 20,220,867 2,925,000 |
shares with no par value of which shares are issued and outstanding shares are subject to 36 month staged release escrow |
||||||||
Transfer Agent: | Computershare Investor Services Inc. | |||||||||
Symbol: CUSIP Number: |
GGE 391021 10 2 |
(NEW) (NEW) |
||||||||
Company Contact: Company Address: Company Phone Number: Company Fax Number: Company Email Address: |
Kim Oishi 300-1055 West Hastings Street Vancouver, BC V6E 2E9 (604) 683-8393 (604) 684-6024 [email protected] |
________________________________
ILOOKABOUT CORP. ("ILA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 219,118 shares to settle outstanding debt for $39,442.
Number of Creditors: | 11 Creditors | |||||||||||||||||||||||
Insider / Pro Group Participation: | ||||||||||||||||||||||||
Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
||||||||||||||||||||
John Drake Geoff Davies 2097299 Ontario Limited (Ronald Breen) John Kennedy Mark McArdle Robin Dyson D. Mark Sheppard Jeff Young Jeff Hack |
Y Y Y Y Y Y Y Y Y |
$6,115.07 $6,115.07 $6,115.07 $3,057.53 $3,057.53 $611.51 $611.51 $1,375.89 $1,375.89 |
$0.18 $0.18 $0.18 $0.18 $0.18 $0.18 $0.18 $0.18 $0.18 |
33,972 33,972 33,972 16,986 16,986 3,397 3,397 7,643 7,643 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
LONCOR RESOURCES INC. ("LN")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
Effective October 3, 2012, the Company's Short Form Prospectus dated October 1, 2012, was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the Manitoba, Saskatchewan, New Brunswick, Nova Scotia, Prince Edward Island, British Columbia, Alberta, Ontario, Newfoundland and Labrador Securities Commission, pursuant to the provisions of the respective Securities Acts.
TSX Venture Exchange has been advised that closing occurred on October 9, 2012 for gross proceeds of $9,707,250 (including the over-allotment option exercised to date).
Brokers: | BMO Nesbitt Burns Inc. and GMP Securities L.P. | |||||
Offering: | 9,245,000 shares (including, 645,000 shares exercised to this date pursuant to the Broker's over-allotment option. The over-allotment period expires on November 8, 2012. | |||||
Share Price: | $1.05 per share | |||||
Broker's Fee: | A fee equal to 6% of the proceeds from shares sold plus broker warrants ("Broker's Warrants") equal to 6% of the number of shares issued pursuant to the offering, shall be paid to the Broker. Each Broker's Warrant is exercisable at a price of $1.05 for a period of one year into one share. | |||||
Over-Allotment Option: | The Brokers may over-allot the shares in connection with this offering and the Company has granted to the Broker an option to arrange for the sale of up to an additional 7.5% of that number of shares sold pursuant to the offering, at any time up to 30 days after the closing of the offering. The above noted Broker's Fees are also applicable to the Over-Allotment Option. |
________________________________________
PMI GOLD CORPORATION ("PMV")
BULLETIN TYPE: Halt
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
Effective at 12:15 p.m. PST, October 9, 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.
________________________________________
POLO BIOLOGY GLOBAL GROUP CORPORATION ("PGG")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: October 9, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to the disposition of its wholly-owned subsidiary, Rainbow Trend Limited to Mark Vantage Limited in consideration of cash in the amount of $760,000. The disposition was approved by the Company's shareholders by way of a special resolution and by a majority of the minority shareholders which were passed on August 16, 2012.
Insider / Pro Group Participation: Nil
________________________________________
QUEST PHARMATECH INC. ("QPT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 14, 2012:
Number of Shares: | 5,000,000 common shares | ||||||||||||||||||||||||||
Purchase Price: | $0.10 per share | ||||||||||||||||||||||||||
Number of Placees: | 1 placee | ||||||||||||||||||||||||||
Insider / Pro Group Participation: | |||||||||||||||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||||||||||||||
Gi-Ho Park | Y | 5,000,000 |
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).
________________________________________
REDTAIL METALS CORP. ("RTZ")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated September 26, 2012, the Company advises that the following information is amended:
Number of Shares: | 10,250,000 shares | ||||||||
Warrants: | 5,125,000 share purchase warrants to purchase 5,125,000 shares | ||||||||
Number of Placees: | 32 placees |
All other details remain unchanged.
________________________________________
REMSTAR RESOURCES LTD. ("REM")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 200,000 bonus shares at a deemed price of $0.05 in consideration of a $50,000 loan which has a 6 month term and bears interest at a rate of 12% per annum.
________________________________________
SUMMIT INDUSTRIAL INCOME REIT ("SMU.UN")
BULLETIN TYPE: Private Placement-Non Brokered, Amendment
BULLETIN DATE: October 9, 2012
TSX Venture Tier 1 Company
Further to the TSX Venture Exchange Bulletin dated September 26, 2012, the Exchange has accepted an amendment with respect to a Non-Brokered Private Placement announced September 7, 2012:
Insider / Pro Group Participation: | ||||||||||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
||||||||||||||||||||
Paul & Mary Teresa Dykeman | Y | 510,625 |
Further to the TSX Venture Exchange Bulletin dated October 1, 2012, the Exchange has accepted an amendment with respect to a Non-Brokered Private Placement announced September 7, 2012:
Insider / Pro Group Participation: | |||||||||||||||||||||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||||||||||||||||||||||||
Lou Maroun Jon Robbins |
Y Y |
2,565,000 235,000 |
________________________________________
TOLIMA GOLD INC. ("TOM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
Effective at 5:06 a.m., PST, October 9, 2012, shares of the Company resumed trading, an announcement having been made.
________________________________________
ZECOTEK PHOTONICS INC. ("ZMS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 9, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation with respect to a Non-Brokered Private Placement announced September 18, 2012:
Number of Shares: | 4,280,000 shares | |||||||
Purchase Price: | $0.36 per share | |||||||
Warrants: | 2,140,000 share purchase warrants to purchase 2,140,000 shares | |||||||
Warrant Exercise Price: | $0.50 for a two year period | |||||||
If the closing price is equal to or greater than $1.00 for a period of ten consecutive trading days ("Trading Target") the warrants will expire on the date that is 30 days after the Trading Target is met. | ||||||||
Number of Placees: | 3 placees | |||||||
Finders' Fees: |
$37,800 payable to AlphaNorth Asset Management $67,536 payable to Aran Asset Management SA $2,520 payable to Rene Hauesler |
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.
________________________________________
NEX COMPANY:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: October 5, 2012
NEX Company
A Cease Trade Order has been issued by the BC Securities Commission on October 5, 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) |
||||||||||||
RSN.H |
NEX |
Polar Resources Corporation |
Comparative financial statement Form 51-102F1 Management's Discussion and Analysis 12/05/31 |
12/05/31 |
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.
________________________________________
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
Share this article