VANCOUVER, July 9, 2013 /CNW/ -
TSX VENTURE COMPANIES:
ALTAIR GOLD INC ("AVX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Amendment
BULLETIN DATE: July 9, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing two letter agreements between Altair Gold Inc. (the "Company") and Sultan Minerals Inc. ("Sultan") dated December 28, 2012 and June 30, 2013, respectively (the "Letter Agreements") pursuant to which the option agreement (the "Option Agreement") between the Company and Sultan dated December 30, 2011 (the "Effective Date") (previously approved by the Exchange on March 29, 2012) has been amended as follows:
- payment of $150,000 of the $1,500,000 in exploration expenditures required to be incurred by the Company by December 30, 2012 is deferred to December 30, 2015;
- the term of the Option Agreement be extended from four years to six years;
- the staged cash payments to be made to Sultan in the aggregate amount of $2,000,000 within 48 months of the Effective Date be increased to $2,400,000 within 66 months of the Effective Date;
- the number of common shares to be issued to Sultan to be increased from 2,666,666 common shares in tranches within 48 months of the Effective Date to 3,666,666 common shares in tranches within 66 months of the Effective Date;
- the time period within which the Company must incur an aggregate of $7,500,000 in exploration expenditures on the Kena Property be extended from with 48 months of the Effective Date to within 72 months of the Effective Date;
- the definition of exploration expenditures be revised to include the following:
| i. | expenditures related to the completion of any scoping, pre-feasibility or feasibility studies (and any other geological, environmental, engineering or economic research related to the Kena Property, and |
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| ii. | up to $150,000 in expenditures on positive profiling or community support in the area of the Kena Property. | ||||
As a result of the amendments to the Option Agreement the finder's fee payable to Zahir Dhanani will be increased from $123,833.50 and 185,856 common shares to $144,123 and 234,102 common shares with such payments to be staged over 66 months from the Effective Date.
For further information, see the Company's news release of July 2, 2013.
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ANDEANGOLD LTD. ("AAU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 29, 2013:
| Number of Shares: | 6,887,212 shares | |||
| Purchase Price: | $0.07 per share | |||
| Warrants: | 3,443,606 share purchase warrants to purchase 3,443,606 shares | |||
| Warrant Exercise Price: | $0.12 for an 18-month period | |||
| Number of Placees: | 11 placee | |||
| Insider / Pro Group Participation: | ||||||||||||
| Insider=Y / | ||||||||||||
| Name | ProGroup=P | # of Shares | ||||||||||
| Aggregate Pro Group Involvement | 1 | 1,371,428 | ||||||||||
| Finder's Fee: | Kallpa Securities Sociedad Agente de Bolsa - $2,520 and 36,000 warrants that are exercisable into common shares at $0.12 per share for an 18-month period. | |||
| Fundamental Insights (Alex Pena, Alberto Paz and Manuel Rogerro) will receive a finder's fee of $7,350.00 and 105,000 warrants that are exercisable into common shares at $0.12 per share for an 18-month period. | ||||
| Longwave Strategies (Ian Gordon) will receive a finder's fee of $6,720 and 96,000 warrants that are exercisable into common shares at $0.12 per share 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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ATHABASCA NUCLEAR CORP. ("ASC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 30, 2013 with the final tranche closed on June 12, 2013:
| Number of Securities: | 5,017,334 common share units ("Units") | |||
| Each Unit consists of one common share and one half of one common share purchase warrants | ||||
| Purchase Price: | $0.12 per Unit | |||
| Warrants: | 2,508,667 share purchase warrants to purchase 2,508,667 shares | |||
| Warrant Exercise Price: | $0.20 for up to 18 months from date of issuance | |||
| Number of Placees: | 29 placees | |||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P / | # of Units | ||||||
| Glen Diduck | Y | 50,000 | ||||||
| Ryan Kalt | Y | 1,600,000 | ||||||
| ProGroup | P | 576,334 | ||||||
| Finder's Fee: | $3,494 cash and 29,120 warrants ("Finder Warrants") payable to Macquarie Private Wealth Inc. |
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| $3,225 cash and 26,880 warrants payable to Leede Financial Markets Inc. | ||||
| $7,000 cash and 58,333 warrants payable to Jordan Capital Markets Inc. | ||||
| $2,520 cash payable to Prolifio EMD Inc. | ||||
| Each Finder Warrant is exercisable for one common share at a price of $0.12 for up to 12 months from date of issuance. |
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BENTON RESOURCES INC. ("BEX")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: July 9, 2013
TSX Venture Tier 1 Company
Further to the bulletin dated September 24, 2012 with respect to the acquisition of up to 75% interest in the Cape Bay Property, TSX Venture Exchange has accepted for filing documentation an Amending Agreement dated June 26, 2013 between the Company, Cornerstone Capital Resources Inc. and Cornerstone Resources Inc. whereby the Company will now acquire a 100% interest by making a one time payment of $200,000 and 350,000 common shares. The aggregate consideration paid to date under the original agreement dated December 19, 2012 is $20,000 and 25,000 common shares. The property is subject to a .25% NSR Royalty in favour of the Optionor.
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CANADIAN SILVER HUNTER INC. ("AGH")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| Initial Public Offering: | ||||
| # of Warrants: | 5,000,000 | |||
| Original Expiry Date of Warrants: | July 28, 2013 | |||
| New Expiry Date of Warrants: | July 28, 2016 | |||
| Exercise Price of Warrants: | $0.50 | |||
These warrants were issued pursuant to a prospectus offering of 10,000,000 shares with 5,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective August 2, 2011.
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CANTEX MINE DEVELOPMENT CORP. ("CD")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 14,066,162 shares at a deemed value of $0.11 per share to settle outstanding debt for $1,547,277.81.
| Number of Creditors: | 1 Creditor | |||||||||||||||
| Insider / Pro Group Participation: | ||||||||||||||||
| Insider=Y / | Amount | Deemed Price | ||||||||||||||
| Creditor | Progroup=P | Owing | per Share | # of Shares | ||||||||||||
| Kelex Development Ltd. | ||||||||||||||||
| (Charles Fipke) | Y | $1,547,277.81 | $0.11 | 14,066,162 | ||||||||||||
The Company shall issue a news release when the shares are issued and the debt extinguished.
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CARMEN ENERGY INC. ("CEI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Purchase and Sale Agreement (the "Agreement") dated December 17, 2012 between the Company and two Non-Arm's Length Parties (the "Purchasers"), R & D Asset Management, owned or controlled by Mr. Tyler Rice, the Company's President, and Red Mountain Resources Ltd., owned or controlled by Mr. Randall Harrison, a director of the Company. As per the terms of the Agreement, the Company will sell a 60% non-operated working interest in certain oil and gas assets, comprised of the Short Horn 16-17-049-12 W4 well and related equipment, in the Viking-Kinsella area of Alberta. In consideration, the Company's will receive an aggregate consideration from the Purchasers of $678,600; comprised of $215,000 in cash, production adjustments to December 31, 2012 of $103,600, the forgiveness of $210,000 in promissory notes payable held by the Purchasers, the assumption of a promissory note issued by the Company with principal outstanding of $140,000, and $10,000 for the termination of all Gross Overriding Royalties ("GORR's") held by the Purchasers as well as terminating the balance of the GORR's associated with the note payable on the remaining lands held by the Company.
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EAGLE STAR MINERALS CORP. ("EGE")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
Effective at 6:07 a.m., PST, July 9, 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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EAGLE STAR MINERALS CORP. ("EGE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
Effective at 7:45 a.m.,, PST, July 9, 2013, shares of the Company resumed trading, an announcement having been made.
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FIRST MOUNTAIN EXPLORATION LTD. ("FMX")
BULLETIN TYPE: Warrant Extension and Price Amendment
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
| Private Placement: | |||||
| # of Warrants: | 3,093,500 | ||||
| Original Expiry Date of Warrants: | June 23, 2013 | ||||
| New Expiry Date of Warrants: | June 23, 2014 | ||||
| Forced Exercise Provision: | If the closing price for the Company's shares is $0.25 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. |
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| Original Exercise Price of Warrants: | $0.65 | ||||
| New Exercise Price of Warrants: | $0.20 | ||||
These warrants were issued pursuant to a private placement of 6,187,000 common shares with 3,093,500 share purchase warrants attached, which was accepted for filing by the Exchange effective January 10, 2012.
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FIRST POTASH CORP. ("FSP")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,200,000 shares to Asia Gateway Capital Ltd. in consideration of certain ongoing consulting services provided to the Company.
The Company shall issue a news release when the shares are issued.
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GREAT NORTHERN GOLD EXPLORATION CORPORATION ("GGE")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, July 9, 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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HALO RESOURCES LTD. ("HLO")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2013
TSX Venture Tier 1 Company
Effective at 5:00 a.m., PST, July 9, 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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KIRRIN RESOURCES INC. ("KYM.H")
[formerly Kirrin Resources Inc. ("KYM")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: July 9, 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 Wednesday, July 10, 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 July 10, 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 KYM to KYM.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 Exchange Bulletin dated April 8, 2013, 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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LAS VEGAS FROM HOME.COM ENTERTAINMENT INC. ("LVH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Second Tranche of a Non-Brokered Private Placement announced June 4, 2013:
| Number of Shares: | 7,100,000 shares | ||||
| Purchase Price: | $0.05 per share | ||||
| Warrants: | 7,100,000 share purchase warrants to purchase 7,100,000 shares | ||||
| Warrant Exercise Price: | $0.075 for a one year period | ||||
| $0.10 in the second year | |||||
| Number of Placees: | 3 placees | ||||
| Insider / Pro Group Participation: | ||||||||
| Insider=Y / | ||||||||
| Name | ProGroup=P | # of Shares | ||||||
| Kalpakian Bros. of B.C. Ltd. | Y | 3,000,000 | ||||||
| (Bedo Kalpakian, Jacob Kalpakian) | ||||||||
| Pierre Fiset | Y | 1,200,000 | ||||||
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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MESA EXPLORATION CORP. ("MSA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 24, 2013:
| Number of Shares: | 1,875,000 shares | ||||
| Purchase Price: | $0.08 per share | ||||
| Warrants: | 1,875,000 share purchase warrants to purchase 1,875,000 shares | ||||
| Warrant Exercise Price: | $0.15 for a three year period | ||||
| Number of Placees: | 5 placees | ||||
| Finder's Fee: | Macquarie Private Wealth Inc. $1,600 cash and 20,000 Broker warrants payable. Each broker warrant has the same terms as the offering warrants. |
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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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OIL OPTIMIZATION INC. ("OOI")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 300,000 bonus shares at a deemed price of $0.05 to Messrs. Chris Serin and Darren Steffes, two Non-Arms Length Parties (the "Employees"). The Shares are to be issued as a retention bonus to the Employees for 3 months beginning January 1, 2013.
| Shares | Warrants | |||||||||
| Chris Serin | 150,000 | 0 | ||||||||
| Darren Steffes | 150,000 | 0 | ||||||||
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PEAT RESOURCES LIMITED ("PET")
BULLETIN TYPE: Private Placement- Brokered
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced May 8, 2013 and filed pursuant to the Temporary Relief from Certain Pricing Requirements:
| Number of Shares: | 3,750,000 shares | ||||
| Purchase Price: | $0.04 per share | ||||
| Warrants: | 3,750,000 share purchase warrants to purchase 3,750,000 shares | ||||
| Warrant Exercise Price: | $0.05 in the first year | ||||
| $0.10 in the second, third and fourth year | |||||
| Number of Placees: | 9 placees | ||||
| Agent's Fee: | an aggregate of $11,000, plus 275,000 agent's warrants (each exercisable into one common share at a price of $0.05 per share for the first year and $0.10 for three years thereafter) is payable to IBK Capital Inc. | ||||
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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PEOPLE CORPORATION ("PEO")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
Effective at 12:10 p.m., PST, July 9, 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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PEPCAP VENTURES INC. ("WAV.P")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
Effective at 10:13 a.m., PST, July 9, 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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PRO REAL ESTATE INVESTMENT TRUST ("PRV.UN")
BULLETIN TYPE: Halt
BULLETIN DATE: July 9, 2013
TSX Venture Tier 1 Company
Effective at 5:00 a.m., PST, July 9, 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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PRO REAL ESTATE INVESTMENT TRUST ("PRV.UN")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: July 9, 2013
TSX Venture Tier 1 Company
Effective at 9:45 a.m., PST, July 9, 2013, shares of the Company resumed trading, an announcement having been made.
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RHEINGOLD EXPLORATION CORP. ("RGE")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated June 7, 2013, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on June 7, 2013 has been revoked.
Effective at the opening, Wednesday July 10, 2013 trading will be reinstated in the securities of the Company (CUSIP 762051 10 0).
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SABER CAPITAL CORP. ("SAB.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: July 9, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated June 5, 2013, effective at the open, Wednesday July 10, 2013, 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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NEX COMPANY:
XENEX MINERALS LTD. ("XM.H")
BULLETIN TYPE: Suspend
BULLETIN DATE: July 9, 2013
NEX Company
Further to the Company's press dated July 5, 2013, effective at the opening on Wednesday,
July 10, 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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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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