VANCOUVER, Feb. 5, 2013 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: February 4, 2013
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on February 4, 2013 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) |
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GHI |
2 |
Goldbar Resources Inc. |
A comparative financial statement for its financial year ended |
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12/09/30 |
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A Form 51-102F1 Management's Discussion and Analysis for the period ended |
12/09/30 |
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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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ANDOR MINING INC. ("AMI.P")
BULLETIN TYPE: CPC- Filing Statement, Remain Halted
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Filing Statement dated February 4, 2013, for the purpose of filing on SEDAR.
Further to TSX Venture Exchange bulletin dated October 17, 2012, trading in the shares of the Company will remain halted.
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AVATAR ENERGY LTD. ("AVG")
BULLETIN TYPE: Suspend
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin and the Company's press release both dated February 4, 2013, effective at the opening on Wednesday, February 6, 2013, trading in the shares of the Company will be suspended for failure to maintain 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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CLEMSON RESOURCES CORP. ("CRZ")
BULLETIN TYPE: Halt
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Effective at 8:23 a.m. PST, February 5, 2013, 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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CLEMSON RESOURCES CORP. ("CRZ")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated February 5, 2013, effective at 9:40 a.m., February 5, 2013, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to TSXV Listings Policy 5.3, Section 5.6(d). 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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COLUMBUS GOLD CORPORATION ("CGT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Effective at 7:15 a.m., PST, February 5, 2013, shares of the Company resumed trading, an announcement having been made.
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DESERT STAR RESOURCES LTD. ("DSR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Mining Option Agreement dated January 14, 2013 between Desert Star Resources Ltd. (the "Company") and Southern Silver Exploration Corp. (the "Optionor"), pursuant to which the Company has been granted an option to acquire up to a 70% interest in the Oro copper and gold project located in southwestern New Mexico, United States. In consideration, the Company will pay to the Optionor a total of $225,000 in cash for the first year and issue 1,000,000 shares (100,000 shares in the first year) over a four-year period. The Company is required to incur not less than $3 million exploration expenditures (none in the first year) over a four-year period to acquire up to a 51% interest, the additional 19% interest can be acquired by the Company's incurring an additional $3 million in exploration expenditures on or before the 66 month anniversary of the Effective Date.
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DRAGONFLY CAPITAL CORP. ("DRC.H")
[formerly Dragonfly Capital Corp. ("DRC.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
In accordance with TSX Venture Exchange Policy 2.4, Capital Pool Companies, the Company has not completed a qualifying transaction within the prescribed time frame. Therefore, effective at the opening on Wednesday, February 6, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX.
As of February 6, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from DRC.P to DRC.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture bulletin dated October 16, 2012 trading in the shares of the Company 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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ECOMETALS LIMITED ("EC")
BULLETIN TYPE: Private Placement- Non-Brokered
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 11, 2012 and filed pursuant to the Temporary Relief from Certain Pricing Requirements:
Number of Shares: | 1,554,570 common shares | ||||||
Purchase Price: | $0.035 per share | ||||||
Warrants: | 1,554,570 share purchase warrants to purchase 1,554,570 shares | ||||||
Warrant Exercise Price: |
$0.07 for the first year $0.10 for the second year |
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Number of Placees: | 5 placees | ||||||
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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ELISSA RESOURCES LTD. ("ELI")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
# of Warrants: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
12,389,750 March 4, 2013 March 4, 2016 $0.30 |
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These warrants were issued pursuant to a private placement of 12,389,750 shares with 12,389,750 share purchase warrants attached, which was accepted when the Company was listed on the Exchange effective on March 28, 2011.
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FAITH SPRING VENTURE INC. ("FSR.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated January 30, 2013, effective at 10:25 a.m., February 5, 2013, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to TSXV Listings 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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FIRM CAPITAL PROPERTY TRUST ("FCD.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
Distribution per Unit: Payable Date: Record Date: Ex-Distribution Date: |
$0.029166 March 15, 2013 February 28, 2013 February 26, 2013 |
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Distribution per Unit: Payable Date: Record Date: Ex-Distribution Date: |
$0.029166 April 15, 2013 March 29 2013 March 26, 2013 |
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FIRST MEXICAN GOLD CORP. ("FMG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 714,286 shares to settle outstanding debt for $50,000.
Number of Creditors: | 2 Creditors | |||||||||||||||||||||||
Insider / Pro Group Participation: | ||||||||||||||||||||||||
Creditor |
Insider=Y / Progroup=P |
Amount Owing |
Deemed Price per Share |
# of Shares |
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Kargi Consulting (James Voisin) | Y | $30,000 | $0.07 | 428,572 | ||||||||||||||||||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
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FORUM URANIUM CORP. ("FDC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 5, 2013
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 January 14, 2013, as amended January 23, 2013:
Number of Shares: | 840,000 flow-through shares and 263,000 non-flow-through shares | |||||||
Purchase Price: | $0.40 per flow-through share and $0.35 per non-flow-through share | |||||||
Warrants: | 263,000 share purchase warrants to purchase 263,000 shares, issued with the purchase of non-flow-through shares |
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Warrant Exercise Price: | $0.49 for a two year period | |||||||
Number of Placees: | 15 placees | |||||||
Insider / Pro Group Participation: | ||||||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
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Carter Capital Ltd. (Anthony Balme) Michael Winiker Robert Pollard |
Y P P |
72,000 NFT 25,000 FT 50,000 FT |
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Finder's Fee: |
$10,500 payable to NBCN Inc., with 26,250 warrants exercisable at $0.35 for two years $1,960 payable to Global Securities Corporation, with 4,900 warrants exercisable at $0.35 for two years $12,642 payable to Raymond James Ltd., with 32,620 warrants exercisable at $0.35 for two years |
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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). 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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JNR RESOURCES INC. ("JNN")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Effective at the close of business, Tuesday, February 5, 2013, the common shares of JNR Resources Inc. will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from Denison Mines Corp. purchasing 100% of the Company's shares pursuant to a Plan of Arrangement Agreement approved by shareholders January 28, 2013 and the British Columbia Supreme Court January 30, 2013. Former shareholders of JNR will receive for each JNR common share held, 0.073 of a Denison common share. For further information please refer to the information circular of December 17, 2012 and the Company's news release dated January 31, 2013.
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KANOSAK CAPITAL VENTURE CORPORATION ("KKV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an arm's length agreement dated January 29, 2013, in connection with the acquisition by the Company of a 90% interest in Société Mauritanienne d'Exploration SA ("SME"), which holds the Mauritanian gold prospecting permit #1077, located in the Kneivissat 2 zone in Mauritania.
The consideration payable by the Company consists of a total of $500,000 cash ($300,000 within the first year), 500,000 common shares (300,000 within the first year), and a total of $3,000,000 in exploration work at a rate of roughly $1,000,000 per year, the first $1,000,000 of which within 18 months after signing. Further, the Company will pay $2,000,000 US upon the filing of a feasibility study with an internal rate of return of at least 25%.
The Company will assume the costs of capitalizing SME of 5,000,000 Mauritanian Ouguiyas (approx. $16,000 Canadian). In the case of commercial production, the Vendor will retain a 1% NSR.
For further information, please refer to the Company's press release dated January 29, 2013.
CORPORATION DE CAPITAL DE RISQUE KANOSAK (« KKV »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 5 février 2013
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une convention auprès d'une personne sans lien de dépendance datée du 29 janvier 2013, relativement à l'acquisition par la société d'un intérêt de 90 % dans la Société Mauritanienne d'Exploration SA (« SME ») qui détient le permis mauritanien #1077 d'or, situé dans la zone 2 de Kneivissat en Mauritanie.
La considération payable par la société est 500 000 $ en espèces (300 000 $ pendant la première année lors de la signature), 500 000 actions ordinaires de la société (dont 300 000 pendant la première année) et un maximum de 3 000 000 $ en travaux d'exploration au taux d'environ 1 000 000 $ par année. Le premier versement de 1 000 000 $ sera payable avant la fin du 18e mois suivant la signature. De plus, la société paiera 2 000 000 $ en dollars US suite au dépôt d'une étude de faisabilité portant un taux de rendement d'au moins 25 %.
La société assumera les coûts de capitalisation de SME égales à 5 000 000 Ouguiyas (environ 16 000 $ canadien). Dans le cas de la production commerciale, le vendeur conservera une royauté NSR de 1 %.
Pour de plus amples renseignements, veuillez consulter le communiqué de presse émis par la société le 29 janvier 2013.
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LIQUID NUTRITION GROUP INC. ("LQD")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to the issuance of Convertible Debentures, as announced on January 17, 2013.
Convertible Debentures: | $1,320,000 | ||||||||
Conversion Price: | Principal is convertible into common shares at a conversion price of $0.80 per share. | ||||||||
Maturity date: | December 31, 2013 | ||||||||
Interest Rate: | 5% | ||||||||
Number of Placees: | 3 placees | ||||||||
Insider / Pro Group Participation: | |||||||||
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Insider = Y / Name Pro Group = P |
Number of Shares upon conversion of Debentures |
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International Brand Group Limited (David Bellisario) Darren Stark |
Y Y |
1,250,000 25,000 |
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The Company has announced the closing of the transaction by way of a press release dated January 28, 2013.
LIQUID NUTRITION GROUP INC. (« LQD »)
TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier, Débenture convertible
DATE DU BULLETIN : Le février 2013
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu de l'émission de débentures convertibles, tel qu'annoncé le 17 février 2013.
Débentures convertibles : | 1 320 000 $ | ||||||||
Prix de conversion : | Le capital est convertible en actions ordinaires au prix de conversion de 0,80 $ par action. | ||||||||
Date d'échéance : | Le 31 décembre 2013 | ||||||||
Taux d'intérêt : | 5 % | ||||||||
Nombre de souscripteurs : | 3 souscripteurs | ||||||||
Initié / Participation Groupe Pro : | |||||||||
Nom |
Initié = Y / Groupe Pro = P |
Nombre d'actions |
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International Brand Group Limited (David Bellisario) Darren Stark |
Y Y |
1 250 000 25 000 |
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La société a confirmé la clôture de l'opération par voie d'un communiqué de presse daté du 28 janvier 2013.
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NEW ISLAND RESOURCES INC. ("NIS.H")
[formerly New Island Resources Inc. ("NIS.A")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Wednesday, February 6, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX.
As of February 6, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from NIS.A to NIS.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture bulletin dated November 2, 2012, trading in the shares of the Company 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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PALLISER OIL & GAS CORPORATION ("PXL")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: February 5, 2013
TSX Venture Tier 1 Company
Effective January 31, 2013, the Company's Prospectus dated January 29, 2013 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta Securities Commission, Ontario Securities Commission and the British Columbia Securities Commission pursuant to the provisions of the Securities Acts.
TSX Venture Exchange has been advised that closing occurred on January 31, 2013, for gross proceeds of $3,150,000.
Agents: |
PI Financial Corp. Acumen Capital Finance Partners Limited Octagon Capital Corporation Paradigm Capital Inc. |
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Offering: | 5,000,000 common shares | ||||||
Share Price: | $0.63 per share | ||||||
Agents' Commission: | 6% of the gross proceeds | ||||||
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PROBE MINES LIMITED ("PRB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a property acquisition agreement (the "Agreement") dated August 8, 2012 between Stephane Levesque (the "Vendor") and Probe Mines Limited (the "Company"). Pursuant to the Agreement, the Company shall acquire a 100% interest in 9 claim licences located in the Chewette, Collins and Sandy Townships, Borden Lake Area, Ontario.
As consideration, the Company shall pay $5,000 and issue 15,000 shares to the Vendor.
For more information, refer to the Company's news release dated January 7, 2013.
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PROBE MINES LIMITED ("PRB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a property acquisition agreement (the "Agreement") dated August 8, 2012 between Stephane Levesque and Randy Sinai (collectively, the "Vendors") and Probe Mines Limited (the "Company"). Pursuant to the Agreement, the Company shall acquire a 100% interest in 8 claim licences located in the Chewette and Collins Townships, Borden Lake Area, Ontario.
As consideration, the Company shall pay $15,000 and issue 35,000 shares to the Vendors.
For more information, refer to the Company's news release dated January 7, 2013.
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QUESTFIRE ENERGY CORP. ("Q.A") ("Q.B")
BULLETIN TYPE: Halt
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Effective at 9:45 a.m. PST, February 5, 2013, 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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REDQUEST CAPITAL CORP. ("RQM.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on March 2, 2011. 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 March 4, 2013, 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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REMINGTON RESOURCES INC. ("RGM")
BULLETIN TYPE: Halt
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, February 5, 2013, 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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RIA RESOURCES CORP. ("RIA")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Effective at 9:00 a.m., PST, February 5, 2013, shares of the Company resumed trading, an announcement having been made.
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STEM CELL THERAPEUTICS CORP. ("SSS")
BULLETIN TYPE: Consolidation
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders December 20, 2012, the Company has consolidated its capital on a 10 old for 1 new basis. The name of the Company has not been changed.
Effective at the opening on Wednesday, February 6, 2013, the shares of Stem Cell Therapeutics Corp. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Scientific Research and Development Services' company.
Post - Consolidation Capitalization: Escrow: |
Unlimited 18,661,936 0 |
shares with no par value of which shares are issued and outstanding shares are subject to escrow |
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Transfer Agent: | Computershare Investor Services Inc. | |||||||||
Trading Symbol: CUSIP Number: |
SSS 858572407 |
(UNCHANGED) (new) |
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VUZIX CORPORATION ("VZX")
BULLETIN TYPE: Consolidation
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
The Company has consolidated its capital on a 75 old for 1 new basis. The name of the Company has not been changed.
Effective at the opening, Wednesday, February 6, 2013, the shares of Vuzix Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'Audio & Video Equipment Manufacturing' company.
Post - Consolidation Capitalization: Escrow: |
700,000,000 3,536,865 0 |
shares with no par value of which shares are issued and outstanding shares are subject to escrow |
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Transfer Agent: | Computershare Investor Services Inc. | |||||||||
Trading Symbol: CUSIP Number: |
VZX 92921W300 |
(UNCHANGED) (new) |
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WODEN VENTURE CAPITAL CORORATION ("WOD.H")
[formerly Woden Venture Capital Corporation ("WOD.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Reinstated for Trading
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.4, Capital Pool Companies, the Company has not completed a Qualifying Transaction within the prescribed time frame. Therefore, effective at the opening on Wednesday, February 6, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of February 6, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from WOD.P to WOD.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Effective at the opening on Wednesday, February 6, 2013, trading will be reinstated in the securities of the Company.
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ZAIO CORPORATION ("ZAO")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: February 5, 2013
TSX Venture Tier 2 Company
Further to TSX Venture Exchange (the "Exchange") Bulletin dated November 5, 2012 and December 28, 2012, the Exchange has accepted for filing the Company's documentation pertaining to a further draw down in the secured loan agreement (the "Loan"), between Zaio Corporation (the "Company") and three arm's length parties (collectively, the "Lenders"). The Lenders have provided a $320,000 loan (the "Loan"), bearing interest at a rate of 12% per annum. The Loan matures on June 5, 2013.
Additionally, the Exchange has accepted for filing a bonus of 320,000 share warrants to purchase 320,000 shares at a price of $0.26 if exercised within a four month period to be issued to the Lenders in connection with the Loan.
For more information, refer to the Company's news release dated February 4, 2013.
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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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