VANCOUVER, May 16, 2013 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 16, 2013
TSX Venture Company
A Temporary Cease Trade Order has been issued by the Ontario Securities Commission on May 16, 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) | ||||||||||||||
| FTE | 2 | Forterra Environmental Corp. | Audited annual financial statements | |||||||||||
| for the year ended | 12/12/31 | |||||||||||||
| Management's discussion and analysis | ||||||||||||||
| relating to the audited annual financial | ||||||||||||||
| statements for the year ended | 12/12/31 | |||||||||||||
| Certification of the foregoing filings as | ||||||||||||||
| required by National Instrument 52-109 | ||||||||||||||
| Certification of Disclosure in Issuers' | ||||||||||||||
| Annual and Interim Filings. | ||||||||||||||
Upon revocation of the Temporary 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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ASTAR MINERALS LTD. ("TAR")
BULLETIN TYPE: New Listing-IPO-Shares, Resume Trading
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
Further to the Exchange's bulletin dated May 14, 2013, effective at the opening, Friday, May 17, 2013, trading in the shares of Astar Minerals Ltd. will commence.
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BRAZILIAN GOLD CORPORATION ("BGC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 16, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a Share Exchange Agreement dated April 17, 2013, between Cabral Resources Limited ["Cabral", a wholly-owned subsidiary of Brazilian Gold Corporation (the "Company")] and D'Gold Mineral, Ltd. ("D'Gold"), whereby Cabral will acquire 13.05% of D'Gold's interest in Boa Vista Gold Inc. ("BVG"), which holds a 100% interest in the Boa Vista project located in the Tapajos region of northern Brazil. Upon Closing, the Company will own a total of 84.05% of BVG. In consideration, the Company will issue 1,500,000 common shares over an eighteen-month period (1,125,000 shares in the first year) to D'Gold.
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DIGITAL SHELF SPACE CORP. ("DSS")
BULLETIN TYPE: Private Placement-Brokered, Convertible Debenture/s, Private Placement-Brokered
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
Private Placement-Brokered, Convertible Debenture/s
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Brokered Private Placement announced March 21, 2013 and April 19, 2013:
| Convertible Debenture | $728,000 | |||||
| Conversion Price: | Convertible into common shares at a conversion price of $0.10 per common share. The Company shall have the right to force conversion in the event that the common shares trade at a price of at least $0.20 for a period of at least 15 consecutive trading days. |
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| Maturity date: | 36 months from closing | |||||
| Interest rate: | 12% per annum, payable in cash on a semi-annual basis. After one year from closing, the Company shall have the right to redeem the Debentures, in whole or in part, at a premium of 5% to the principal amount being redeemed plus any accrued interest. |
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| Number of Placees: | 27 placees | |||||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | Principal Amount | ||||||
| Aggregate Pro Group Involvement | P | $15,000 | ||||||
| [1 placee] | ||||||||
Private Placement-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Brokered Private Placement announced March 21, 2013 and April 19, 2013:
| Number of Shares: | 9,530,000 shares | |||||
| Purchase Price: | $0.05 per share | |||||
| Warrants: | 9,530,000 share purchase warrants to purchase 9,530,000 shares | |||||
| Warrant Exercise Price: | $0.10 for an 18 month period | |||||
| Number of Placees: | 24 placees | |||||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Aggregate Pro Group Involvement | P | 200,000 | ||||||
| [1 placee] | ||||||||
| Agent's Fee: | $90,337.50 cash commission, $7,500 plus HST corporate finance fee and 527,550 Broker Warrants payable to Fin-XO Securities Inc. |
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| 30,000 Broker Warrants payable to Haywood Securities Inc. | ||||
| 157,200 Broker Warrants payable to Mackie Research Capital Corp. | ||||
| Each Broker Warrant is exercisable at a price of $0.10 for an 18 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.
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NORTHWEST INTERNATIONAL HEALTHCARE PROPERTIES REIT ("MOB.UN") ("MOB.DB")
BULLETIN TYPE: Halt
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
Effective at 6:27 a.m., PST, May 16, 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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NORTHWEST INTERNATIONAL HEALTHCARE PROPERTIES REIT ("MOB.UN") ("MOB.DB")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
Effective at 8:15 a.m., PST, May 16, 2013, shares of the Company resumed trading, an announcement having been made.
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PARK LAWN CORPORATION ("PLC")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: May 16, 2013
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Common Share: | $0.038 | |||||
| Payable Date: | June 14, 2013 | |||||
| Record Date: | May 31, 2013 | |||||
| Ex-Dividend Date: | May 29, 2013 | |||||
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PLAZACORP RETAIL PROPERTIES LTD. ("PLZ")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 16, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 824,742 shares at a price of $4.85 per share to settle outstanding debt for $4,000,000.
| Number of Creditors: | 2 Creditors | |||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
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PRECIPITATE GOLD CORP. ("PRG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement:
| Number of Shares: | 3,333,332 shares | ||||||
| Purchase Price: | $0.15 per share | ||||||
| Warrants: | 3,333,332 share purchase warrants to purchase 3,333,332 shares | ||||||
| Warrant Exercise Price: | $0.25 for a two year period | ||||||
| Number of Placees: | 22 placees | ||||||
| Insider / Pro Group Participation: | ||||||||||
| Insider=Y / | ||||||||||
| Name | ProGroup=P | # of Shares | ||||||||
| GRF Consulting Corp. (Gary Freeman) | Y | 85,000 | ||||||||
| Jeffrey R. Wilson | Y | 50,000 | ||||||||
| Quinton Hennigh | Y | 20,000 | ||||||||
| Michael Moore | Y | 107,666 | ||||||||
| Aggregate Pro Group Involvement | P | 735,000 | ||||||||
| [7 placees] | ||||||||||
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [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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RED PINE INVESTMENT LTD. ("RPN.H")
[formerly Red Pine Investment Ltd. ("RPN.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: May 16, 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 Friday, May 17, 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 May 17, 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 RPN.P to RPN.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 December 18, 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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RENEGADE PETROLEUM LTD. ("RPL")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: May 16, 2013
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Share: | $0.019167 | |||||
| Payable Date: | June 17, 2013 | |||||
| Record Date: | May 31, 2013 | |||||
| Ex-Dividend Date: | May 29, 2013 | |||||
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RIDGELINE ENERGY SERVICES INC. ("RLE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 16, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Asset Purchase Agreement dated April 9, 2012 ("Asset Agreement"), Purchase Agreement dated January 25, 2013 ("Purchase Agreement"), Amendment to the Asset Agreement dated August 24, 2012 ("Asset Amendment") and an Amendment to Asset Purchase Agreement ("Purchase Agreement") between the Company and Lakeland Development and Lakeland Processing Company LLC (the "Vendors"). As per the terms of the collective Agreements the Company purchased all of the assets of the Vendors for USD$2,000,000 cash and issued 2,469,136 common shares at a deemed price of $0.405 per share. In addition, the Company entered into the Purchase Agreement for an option to purchase land at a price of USD$3,500,000 cash, issued a two year 5% promissory note and issued 1,571,429 common shares at a deemed price of $0.70 per share.
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STARLIGHT U.S. MULTI-FAMILY CORE FUND CLASS A ("UMF.A")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: May 16, 2013
TSX Venture Tier 1 Company
Further to the TSX Venture Exchange Bulletin dated April 17, 2013, TSX Venture Exchange has accepted for filing a notice with respect to the closing of an additional 277,600 Class A Units, issued at a price of C$10 per Class A Unit, by the syndicate of agents led by CIBC and including National Bank Financial Inc., Raymond James Ltd., Scotia Capital Inc., GMP Securities L.P., Macquarie Private Wealth Inc., Canaccord Genuity Corp., Desjardins Securities Inc. and Dundee Securities Ltd. upon exercise of the Over-Allotment Option, as further described in the Fund's IPO Prospectus dated March 31, 2013.
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TERRA NOVA ENERGY LTD. ("TGC")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 875,000 common shares of the Company ("Shares") at a deemed price of $0.11 per Share in satisfaction of outstanding fees and termination payment owed to Apex Energy Consultants Ltd.
| Number of Creditors: | 1 Creditor | ||||||
| Insider / Pro Group Participation: | ||||||||||||||||
| Insider=Y / | Amount | Deemed Price | ||||||||||||||
| Creditor | Progroup=P | Owing | per Share | # of Shares | ||||||||||||
| Apex Energy Consultants Ltd | Y | $96,250 | $0.11 | 875,000 | ||||||||||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
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TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST ("TNT.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
| Distribution per Unit: | $0.02475 | ||||
| Payable Date: | June 17, 2013 | ||||
| Record Date: | May 31, 2013 | ||||
| Ex-Distribution Date: | May 29, 2013 | ||||
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UMBRAL ENERGY CORP. ("UMB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second (and final) tranche of a Non-Brokered Private Placement announced February 25, 2013:
| Number of Shares: | 1,370,000 shares | ||||
| Purchase Price: | $0.05 per share | ||||
| Warrants: | 1,370,000 share purchase warrants to purchase 1,370,000 shares | ||||
| Warrant Exercise Price: | $0.10 for a five year period | ||||
| Number of Placees: | 7 placees | ||||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Jagdip Bal | Y | 200,000 | ||||||
| Finder's Fee: | $200 and 4,000 finder's warrants payable to Global Securities | |||||||
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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UNITY ENERGY CORP. ("UTY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 16, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an Option Agreement dated April 25, 2013 between Unity Energy Corp. (the "Issuer") and Geomode Mineral Exploration Ltd. (the "Vendor") whereby the Issuer can earn a 100% interest in mineral claims covering an approximately 2,750 hectare area known as the Bory's Lake Property (the "Property") located in the LaRonge Gold Belt, Saskatchewan.
The consideration payable to the Vendor consists of cash payments of $1,400,000 over a 42 month period; a share issuance of 2,500,000 common shares and $4,000,000 in exploration expenditures on the Property payable in stages over a three year period.
The Vendor will retain a 1% net smelter return royalty which may be purchased at any time by the Issuer by paying $1,500,000, less any amounts previously received by the Vendor as NSR payments.
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URASTAR GOLD CORP. ("URS")
BULLETIN TYPE: Halt
BULLETIN DATE: May 15, 2013
TSX Venture Tier 2 Company
Effective at 1:00 p.m., PST, May 15, 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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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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