VANCOUVER, Aug. 7, 2013 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: August 7, 2013
Re: 1. Private Placements - Lapsing of Temporary Relief from Certain Pricing Requirements
2. Advance Notice of Policy Amendments:
(a) Amendment of Minimum Pricing Rules for Convertible Securities
(b) Amendment of Minimum Pricing Rules for Initial Public Offerings
(c) Amendment of Shareholder Approval Requirement for Share Consolidations
3. Rescission of Deal Structure and Founder Shares Guidelines
TSX Venture Exchange ("TSXV" or the "Exchange") is providing notice of the following policy matters principally related to facilitating both financing and listing transactions. As set out in this Notice to Issuers, the Exchange will allow the previously instituted temporary relief to certain private placement pricing requirements to lapse on August 31, 2013, but intends to formally implement specific policy amendments that will have the effect of liberalizing certain existing policy requirements and restrictions pertaining to the Exchange's minimum pricing rules and capital structure matters.
I. Private Placements - Lapsing of Temporary Relief from Certain Pricing Requirements
By way of Bulletin/Notice to Issuers dated August 17, 2012, the Exchange implemented, on a temporary basis, relief from certain existing pricing requirements related to Private Placement financings. The three temporary measures (the "Relief Measures") are as follows:
- Allowing a share/unit offering with an offering price below $0.05 (the "Offering Price Relief Measure").
- Allowing a debenture offering with a debenture conversion price below $0.10 (the "Conversion Price Relief Measure").
- Allowing offerings involving a warrant with an exercise price below $0.10 (the "Exercise Price Relief Measure").
The Relief Measures are set to expire on August 31, 2013. The Exchange hereby notifies Issuers that the Relief Measures will not be extended and will therefore lapse on August 31, 2013.
Per the April 12, 2013 Bulletin/Notice to Issuers related to the Relief Measures, any Private Placement conducted in reliance upon the Relief Measures must be completed on or before August 31, 2013. The Exchange, however, will permit any such Private Placement that has been conditionally accepted by the Exchange on or before August 31, 2013 to be completed within 30 days following the date of conditional acceptance.
II. Advance Notice of Policy Amendments
The Exchange has received regulatory approval for policy amendments that will have the following effect:
- Minimum Price for Warrants and Options: The minimum allowable exercise price for share purchase warrants and incentive stock options will be reduced from $0.10 to $0.05 per share. This will apply to the full term of the warrant or option.
- Minimum Price for Convertible Debentures: The minimum allowable conversion price for debentures will be reduced from $0.10 to $0.05 per share for the first year of the term of the debenture. It will remain at $0.10 per share for the balance of the term of the debenture.
- Minimum Price for Initial Public Offerings: The minimum allowable offering price for a non-Capital Pool Company initial public offering will be reduced from $0.15 to $0.10 per security.
- Shareholder Approval for Share Consolidations: The Exchange will only require shareholder approval for a share consolidation which, when combined with any other share consolidation conducted by the Issuer within the previous 24 months that was not approved by the Issuer's shareholders, would result in a cumulative consolidation of greater than 10 to 1 over such 24 month period. It should be noted that an Issuer may still be subject to shareholder approval requirements under applicable corporate laws.
The foregoing is a summary only and should not be construed as the formal implementation of the applicable policy amendments. The Exchange intends to formally publish and implement the policy amendments that will give effect to the foregoing by mid-August 2013. The Exchange will issue a separate Bulletin/Notice to Issuers confirming the formal implementation of the policy amendments and setting out applicable transitional provisions, if any. The full specifics of the policy amendments will not be available until such time.
Although these policy amendments are not currently in force and will not be until such time as the specific policy amendments are formally implemented, the Exchange will, in the interim, consider allowing Issuers to rely upon the intended changes to the existing policy requirements.
It should be noted that the Exchange will not, contemporaneous with the lapsing of the Offering Price Relief Measure, be implementing any policy amendments that would continue to permit shares/units to be offered at a price below $0.05 per share or unit.
III. Rescission of Deal Structure and Founder Shares Guidelines
Effective immediately, the Exchange is rescinding its Bulletins/Notices to Issuers dated December 11, 2007 and October 20, 2008 related to Deal Structure and Founder Shares Guidelines (collectively, the "Capital Structure Guidelines"). Rescinding the Capital Structure Guidelines will have the principal effect of removing the existing 15% limit on "Founder Shares" prescribed by the Capital Structure Guidelines in respect of any New Listing.
It should be noted that although the Exchange is rescinding the Capital Structure Guidelines, it is not rescinding or otherwise amending section 4.7 of Policy 2.1 - Initial Listing Requirements. The Exchange will retain its general discretion under section 4.7 of Policy 2.1 to refuse a listing on the basis that an Issuer's capital structure is excessively dilutive or otherwise imbalanced. The Exchange will apply this discretion on a case by case basis with a view to the facts specific to each listing. If, over time, the Exchange establishes new general guidelines for the exercise of this discretion, the Exchange will consider publishing a new Bulletin/Notice to Issuers setting out applicable guidance in respect of any such general guidelines.
If you have any questions about this bulletin, please contact:
Zafar Khan - Policy Counsel, 604-602-6982
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 7 août 2013
Objet : 1. Placements privés - Fin des dispenses temporaires de certaines exigences relatives à la fixation du prix
2. Préavis de modification des politiques en ce qui a trait à ce qui suit :
a) Règles relatives à la fixation du prix minimal des titres convertibles
b) Règles relatives à la fixation du prix minimal des premiers appels publics à l'épargne
c) Exigence d'approbation des actionnaires s'appliquant aux regroupements d'actions
3. Abrogation des lignes directrices sur la structure d'opération et les actions de fondateur
La Bourse de croissance TSX (la « TSX de croissance » ou la « Bourse ») donne avis des questions de politique suivantes qui visent principalement à faciliter les opérations de financement et les inscriptions. Comme il est indiqué dans le présent avis aux émetteurs, la Bourse mettra fin, le 31 août 2013, aux dispenses temporaires de certaines exigences relatives à la fixation du prix des placements privés, mais elle a l'intention d'apporter officiellement aux politiques certaines modifications qui auront pour effet de libéraliser certaines exigences et restrictions actuellement prévues par les politiques à l'égard des règles relatives à la fixation du prix minimal et à la structure du capital.
I. Placements privés - Fin des dispenses temporaires de certaines exigences relatives à la fixation du prix
Au moyen d'un avis aux émetteurs daté du 17 août 2012, la Bourse a accordé, de façon temporaire, des dispenses de certaines exigences en vigueur relatives à la fixation du prix des placements privés. Les trois mesures temporaires (les « dispenses ») permettent :
- Le placement d'actions ou d'unités à un prix d'offre inférieur à 0,05 $ (la « dispense relative au prix d'offre »).
- Le placement de débentures comportant un prix de conversion inférieur à 0,10 $ (la « dispense relative au prix de conversion »).
- Le placement de bons de souscription comportant un prix d'exercice inférieur à 0,10 $ (la « dispense relative au prix d'exercice »).
Les dispenses prennent fin le 31 août 2013. Par les présentes, la Bourse avise les émetteurs que les dispenses ne seront pas prolongées et qu'elles prendront fin le 31 août 2013.
Aux termes de l'avis aux émetteurs daté du 12 avril 2013 qui porte sur les dispenses, tout placement privé effectué en se fondant sur les dispenses doit être réalisé au plus tard le 31 août 2013. La Bourse permettra toutefois qu'un tel placement privé ayant fait l'objet d'un consentement sous condition de sa part le 31 août 2013 ou avant cette date soit réalisé dans les 30 jours suivant la date du consentement sous condition.
II. Préavis de modification des politiques
La Bourse a obtenu l'approbation des organismes de réglementation pour les modifications suivantes apportées aux politiques :
- Prix minimal des bons de souscription et des options : Le prix d'exercice minimal autorisé pour les bons de souscription d'actions et les options d'achat d'actions incitatives passera de 0,10 $ à 0,05 $ par action. Ce prix s'appliquera pendant toute la durée du bon de souscription ou de l'option.
- Prix minimal des débentures convertibles : Le prix de conversion minimal autorisé pour les débentures passera de 0,10 $ à 0,05 $ par action pour la première année de la durée de la débenture. Ce prix demeurera à 0,10 $ par action pendant le reste de la durée de la débenture.
- Prix minimal des premiers appels publics à l'épargne : Le prix d'offre minimal autorisé dans le cadre du premier appel public à l'épargne d'une société qui n'est pas une société de capital de démarrage passera de 0,15 $ à 0,10 $ par titre.
- Exigence d'approbation des actionnaires applicable aux regroupements d'actions : La Bourse exigera l'approbation des actionnaires pour un regroupement d'actions seulement si celui-ci, conjugué à tout autre regroupement d'actions réalisé par l'émetteur au cours des 24 mois précédents et n'ayant pas été approuvé par les actionnaires de cet émetteur, se traduisait par un regroupement global à raison de plus de dix actions contre une action au cours de cette période de 24 mois. Il est à noter qu'un émetteur peut tout de même être assujetti à l'exigence d'approbation des actionnaires aux termes de la législation sur les sociétés applicable.
Le texte qui précède n'est qu'un sommaire qui ne devrait pas être interprété comme constituant le libellé officiel des modifications apportées aux politiques applicables. La Bourse entend publier et mettre en œuvre officiellement les modifications qui donneront effet à ce qui précède au plus tard à la mi-août 2013. La Bourse publiera un avis aux émetteurs distinct afin de confirmer la mise en œuvre officielle des modifications apportées aux politiques et d'énoncer les dispositions transitoires applicables, s'il y a lieu. Le détail des modifications ne sera pas disponible avant ce moment-là.
Entre-temps, même si ces modifications ne sont pas actuellement en vigueur et qu'elles ne le seront qu'au moment de leur mise en œuvre officielle, la Bourse envisagera de permettre à des émetteurs de se fonder sur les modifications que l'on prévoit apporter aux exigences actuellement prévues par les politiques.
Il est à noter que, à l'expiration de la dispense relative au prix d'offre, la Bourse ne modifiera pas ses politiques afin de prolonger cette dispense et de continuer de permettre que le prix d'offre d'un placement d'actions ou d'unités soit inférieur à 0,05 $ par action ou unité.
III. Abrogation des lignes directrices sur la structure d'opération et les actions de fondateur
Avec effet immédiat, la Bourse abroge ses avis aux émetteurs datés du 11 décembre 2007 et du 20 octobre 2008 qui portent sur les lignes directrices sur la structure d'opération et les actions de fondateur (collectivement, les « lignes directrices sur la structure du capital »). L'abrogation des lignes directrices sur la structure du capital se traduira essentiellement par la suppression de la limite de 15 % applicable aux « actions de fondateur » à l'égard des nouvelles inscriptions.
Même si la Bourse abroge les lignes directrices sur la structure du capital, il est à noter qu'elle n'abroge pas ni ne modifie autrement l'article 4.7 de la Politique 2.1 - Exigences relatives à l'inscription initiale. La Bourse conservera le pouvoir discrétionnaire que lui confère l'article 4.7 de la Politique 2.1 et qui lui permet de refuser la demande d'inscription d'un émetteur dont la structure du capital semble excessivement dilutive ou autrement déséquilibrée. La Bourse déterminera au cas par cas s'il convient d'exercer ce pouvoir compte tenu de chaque demande d'inscription. Si elle établit de nouvelles lignes directrices générales applicables à l'exercice de ce pouvoir, la Bourse envisagera de publier un nouvel avis aux émetteurs dans lequel elle donnera des précisions sur celles-ci.
Toute question concernant le présent bulletin peut être adressée à la personne suivante :
Zafar Khan - Conseiller juridique, Politiques, 604 602-6982
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ACADIAN ENERGY INC. ("ACX.H")
[formerly Acadian Energy Inc. ("ACX")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: August 7, 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 on Thursday, August 8, 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 Toronto to NEX.
As of August 8, 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 ACX to ACX.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 May 6, 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.
_______________________________________
ARIANNE PHOSPHATE INC. ("DAN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
1. | TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement, announced on July 12, 2013: |
|
Number of Shares: | 2,435,000 common shares | |
Purchase Price: | $1.10 per common share | |
Warrants: | 1,217,500 warrants to purchase 1,217,500 common shares | |
Warrant Exercise Price: | $1.45 per share until July 29, 2015. | |
Number of subscribers: | 14 subscribers | |
Insider / Pro Group Participation: | ||
Name |
Insider = Y / Pro Group = P |
Number of Shares |
Guthrie Stewart | Y | 30,000 |
Finders' Fees: | Windermere Capital (Canada) Inc. received $187,495 in cash and 170,450 non-transferable finder's warrants each entitling the holder to purchase one common share at a price of $1.10 per share until July 29, 2015. |
The Company has issued a press release confirming the closing of the Private Placement dated July 30, 2013.
2. | TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement, announced on July 12, 2013: |
|
Number of Shares: | 624,500 flow-through common shares | |
Purchase Price: | $1.40 per flow-through common share | |
Number of subscribers: | 24 subscribers | |
Name |
Insider = Y / Pro Group = P |
Number of Shares |
Insider / Pro Group Participation: | ||
David De Biasio | Y | 4,000 |
Marco Gagnon | Y | 20,000 |
Finder's Fee: | Windermere Capital (Canada) Inc. received $61,201 in cash and 43,715 non-transferable finder's warrants each entitling the holder to purchase one common share at a price of $1.10 per share until July 29, 2015. |
The Company has issued a press release confirming the closing of the Private Placement dated July 30, 2013.
RESSOURCES D'ARIANNE INC. (« DAN »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 7 août 2013
Société du groupe 2 de TSX Croissance
1. | Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 12 juillet 2013 : |
|
Nombre d'actions : | 2 435 000 actions ordinaires | |
Prix : | 1,10 $ par action ordinaire | |
Bons de souscription : | 1 217 500 bons de souscription permettant de souscrire 1 217 500 actions ordinaires. | |
Prix d'exercice des bons : | 1,45 $ par action jusqu'au 29 juillet 2015. | |
Nombre de souscripteurs : | 14 souscripteurs | |
Participation initié / Groupe Pro : | ||
Nom |
Initié = Y / Groupe Pro = P |
Nombre d'actions |
Guthrie Stewart | Y | 30 000 |
Honoraires d'intermédiaire : | Windermere Capital (Canada) Inc. a reçu 187 495 $ en espèces et 170 450 bons de souscription non-transférables, chacun permettant d'acquérir une action ordinaire au prix de 1,10 $ l'action jusqu'au 29 juillet 2015. |
La société a confirmé la clôture du placement privé par voie d'un communiqué de presse daté du 30 juillet 2013.
2. | Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 12 juillet 2013 : |
|
Nombre d'actions : | 624 500 actions ordinaires accréditives | |
Prix : | 1,40 $ par action ordinaire accréditive | |
Nombre de souscripteurs : | 24 souscripteurs | |
Participation initié / Groupe Pro : | ||
Nom |
Initié = Y / Groupe Pro = P |
Nombre d'actions |
David De Biasio | Y | 4 000 |
Marco Gagnon | Y | 20 000 |
Honoraire d'intermédiaire : | Windermere Capital (Canada) Inc. a reçu 61 201 $ en espèces et 43 715 bons de souscription non-transférables, chacun permettant d'acquérir une action ordinaire au prix de 1,10 $ l'action jusqu'au 29 juillet 2015. |
La société a confirmé la clôture du placement privé par voie d'un communiqué de presse daté du 30 juillet 2013.
__________________________________________________
ARIAN SILVER CORPORATION ("AGQ")
BULLETIN TYPE: Private Placement- Non-Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 5, 2013:
Number of Shares: | 2,076,936 common shares |
Purchase Price: | £0.046003 per share |
Number of Placees: | 1 placee |
Finder's Fee: | an aggregate of £2,388.63 is payable to YA Global Master SPV. |
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).
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BLUE NOTE MINING INC. ("BNT.H")
[formerly Blue Note Mining Inc. ("BNT")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: August 7, 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 on Thursday, August 8, 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 August 8, 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 BNT to BNT.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 May 3, 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.
_______________________________________
BONTERRA RESOURCES INC. ("BTR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 30, 2013:
Number of Shares: | 5,000,000 shares |
Purchase Price: | $0.05 per share |
Warrants: | 2,500,000 share purchase warrants to purchase 2,500,000 shares |
Warrant Exercise Price: | $0.10 for a one year period |
Number of Placees: | 3 placees |
Finder's Fee: | $22,500 cash and 200,000 warrants payable to NBCN Inc. |
- Finder's fee warrants are exercisable at $0.10 per share for 12 months | |
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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BOWMORE EXPLORATION LTD. ("BOW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 8, 2013:
First Tranche: | |
Number of Shares: | 2,800,000 flow through shares |
Purchase Price: | $0.25 per share |
Warrants: | 1,400,000 share purchase warrants to purchase 1,400,000 shares |
Warrant Exercise Price: | $0.40 for an eighteen-month period |
Number of Placees: | 3 placees |
Finder's Fee: | $42,000 cash and 140,000 warrants are payable to Secutor Capital Management Corporation. |
- Finder's fee warrants are exercisable at $0.35 per share for an eighteen-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.
________________________________________
BOXXER GOLD CORP. ("BXX")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
# of Warrants: | 4,431,500 |
Original Expiry Date of Warrants: | August 10, 2013 |
New Expiry Date of Warrants: | August 10, 2014 |
Exercise Price of Warrants: | $0.12 (UNCHANGED) |
These warrants were issued pursuant to a private placement of 8,863,000 shares with 4,431,500 share purchase warrants attached, which was accepted for filing by the Exchange effective August 15, 2012.
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BRADES RESOURCE CORP. ("BRA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
The TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a purchase and sale agreement dated July 15, 2013 (the "Agreement") among Brades Resource Corp. ("Brades"), Ryan Kalt ("Kalt") and Johnathan More ("More") (Kalt and More, together the "Vendors"). Under the Agreement, Brades will acquire from the Vendors a 100% interest in the Lorne Lake Property located in the Western Athabasca Basin of Saskatchewan in consideration of the issuance to the Vendors of 3,500,000 common shares of Brades (as to 2,500,000 to Kalt and as to 1,000,000 to More). Brades will also grant a 2% net smelter royalty on the Lorne Lake Property in favour of Kalt.
Insider / Pro Group Participation: | Cheryl More, President and CEO of Brades is an Associate (as defined in Exchange Policy) of Johnathan More. |
For further information please see the news release dated July 16, 2013 which is available under the Brades profile on SEDAR.
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CASSIDY GOLD CORP. ("CDX")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,249,078 shares at a deemed value of $0.05 per share to settle outstanding debt for $212,453.94.
Number of Creditors: | 1 Creditor |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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DARNLEY BAY RESOURCES LIMITED ("DBL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 31, 2013:
Number of Shares: | 3,300,000 shares |
Purchase Price: | $0.05 per share |
Warrants: | 3,300,000 share purchase warrants to purchase 3,300,000 shares |
Warrant Exercise Price: | $0.10 for a two year period |
Number of Placees: | 5 placees |
Insider / Pro Group Participation: | ||
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Kerry Knoll | Y | 1,000,000 |
Jamie Levy | Y | 200,000 |
Finder's Fee: | $2,000, plus 40,000 finders warrants, each exercisable into one common share at a price of $0.10 for a period of two years, payable to Raymond James Ltd. |
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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EASTCOAL INC. ("ECX")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders July 26, 2013 and a directors' resolution of August 5, 2013, the Company has consolidated its capital on a Ten (10) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Thursday, August 8, 2013, the common shares of EastCoal Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'Exploration/Development' company.
Post - Consolidation | ||
Capitalization: | Unlimited | shares with no par value of which |
72,804,849 | shares are issued and outstanding | |
Escrow | Nil | shares |
Transfer Agent: | Computershare Investor Services Inc. | |
Trading Symbol: | ECX | (UNCHANGED) |
CUSIP Number: | 276165503 | (new) |
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ELORO RESOURCES LTD. ("ELO")
BULLETIN TYPE: Halt
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Effective at 8:00 a.m., PST, August 7, 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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GAINEY CAPITAL CORP. ("GNC.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
The shares of the Company were listed on the TSX Venture Exchange on September 7, 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 the 24-month anniversary date of September 9, 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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GOLD CANYON RESOURCES INC. ("GCU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 2, 2013:
Number of Shares: | 8,497,564 shares |
Purchase Price: | $0.23 per share |
Warrants: | 8,497,564 share purchase warrants to purchase 8,497,564 shares |
Warrant Exercise Price: | $0.40 for a two year period |
Number of Placees: | 32 placees |
Insider / Pro Group Participation: | ||
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Akiko Levinson | Y | 218,000 |
Conrad Pinette | Y | 400,000 |
Sheldon Inwentash | Y | 1,500,000 |
Quinton Hennigh | Y | 100,000 |
Aggregate Pro Group Involvement | P | 100,000 |
[1 placee] | ||
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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GREEN ARROW RESOURCES INC. ("GAR")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders May 31, 2013, the Company has consolidated its capital on a (8) old for (1) new basis. The name of the Company has not been changed.
Effective at the opening on Thursday, August 8, 2013, the common shares of Green Arrow Resources Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration/Development' company.
Post - Consolidation | ||
Capitalization: | Unlimited | shares with no par value of which |
2,500,000 | shares are issued and outstanding | |
Escrow | 307,500 | shares are subject to escrow |
Transfer Agent: | Computershare Investor Services Inc. | |
Trading Symbol: | GAR | (UNCHANGED) |
CUSIP Number: | 39260W201 | (new) |
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INTELLECTUAL CAPITAL GROUP LTD ("ICL.H")
[formerly Intellectual Capital Group Ltd. ("ICL")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: August 7, 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 on Thursday, August 8, 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 Toronto to NEX.
As of August 8, 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 ICL to ICL.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 May 6, 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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INTELLECTUAL CAPITAL GROUP LTD ("ICL.H")
[formerly Intellectual Capital Group Ltd. ("ICL")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: August 7, 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 on Thursday, August 8, 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 Toronto to NEX.
As of August 8, 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 ICL to ICL.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 May 6, 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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JDV CAPITAL CORP. ("JAI.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
The shares of the Company were listed on the TSX Venture Exchange on September 7, 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 the 24-month anniversary date of September 9, 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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MAPLE POWER CAPITAL CORPORATION ("MPX.P")
BULLETIN TYPE: New Listing-CPC-Shares
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
The Capital Pool Company's ("CPC") Prospectus dated May 3, 2913, has been filed with and accepted by TSX Venture Exchange and the British Columbia, Alberta, and Ontario Securities Commissions effective May 8, 2013, under the provisions of the British Columbia, Alberta, and Ontario Securities Acts. The common shares of the Company will be listed and admitted to trading on TSX Venture Exchange, on the effective dates stated below.
The Company has completed its initial distribution of securities to the public. The gross proceeds received by the Company for the offering are $771,912.50 (7,719,125 common shares at $0.10 per share).
Commence Date: | The common shares will commence trading on TSX Venture Exchange at the opening on Thursday, August 8, 2013. |
Corporate Jurisdiction: | Ontario |
Capitalization: | Unlimited | shares with no par value of which |
11,379,125 | shares are issued and outstanding | |
Escrow | 3,660,000 | shares are subject to escrow |
Transfer Agent: | TMX Equity Transfer Services -Toronto |
Trading Symbol: | MPX.P |
CUSIP Number: | 56531Y105 |
Agent: | Foster & Associates Financial Services |
Agent's Options: | 771,913 options to each purchase one share at $0.10 for a period of 24 months from the date of the listing. |
For further information, please refer to the Company's prospectus dated May 3, 2013.
Company Contact: | Mr. To-Hon Lam |
Secretary and Director | |
Company Address: | Unit 49, 670 Highway 7 East |
Richmond Hill, Ontario L4B 3P2 | |
Company Phone Number: | (905) 747-0859 |
Company Fax Number: | (905) 747-0219 |
Company Email: | [email protected] |
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METALLIS RESOURCES INC. ("MTS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 4, 2013 and August 2, 2013:
Number of Shares: | 4,695,008 shares |
Purchase Price: | $0.06 per share |
Number of Placees: | 28 placees |
Insider / Pro Group Participation: | ||
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Jon Lever | Y | 83,334 |
Michael Sikich | Y | 166,667 |
Fiore Alperti | Y | 100,000 |
Aggregate Pro Group Involvement | P | 50,000 |
[1 placee] | ||
Finders' Fees: | Gordon Lam - $5,300.00 |
PI Financial Corp. - $6,000.00 | |
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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MONARQUES RESOURCES INC. ("MQR") ("MQR.WT")
BULLETIN TYPE: Halt
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Effective at 8:00 a.m., PST, August 7, 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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PACIFIC WILDCAT RESOURCES CORP. ("PAW")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Effective at 10:15 a.m., PST, August 7, 2013, shares of the Company resumed trading, an announcement having been made.
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PETROSTAR PETROLEUM CORPORATION ("PEP")
BULLETIN TYPE: Halt
BULLETIN DATE: August 1, 2013
TSX Venture Tier 2 Company
Effective at 11:25 a.m., PST, August 1, 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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PETROSTAR PETROLEUM CORPORATION ("PEP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, August 7, 2013, shares of the Company resumed trading, an announcement having been made.
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PINESTAR GOLD INC. ("PNS")
BULLETIN TYPE: Halt
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Effective at 6:19 a.m., PST, August 7, 2013, trading in the shares of the Company was halted pending company contact. 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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PINESTAR GOLD INC. ("PNS")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated August 7, 2013, trading in the shares of the Company will remain halted for failure to maintain Exchange requirements, the Company having less than 3 directors.
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RADISSON MINING RESOURCES INC. ("RDS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to a purchase Agreement dated July 21, 2013 whereby the Company has acquired the 55 claims comprising the Lac Gouin SSO Property located north of the town of Lac Saint-Jean. The consideration payable by the Company consists in the payment of $9,000 cash and the issuance of 30,000 class A shares of the Company.
The Vendors have retained a 1% Royalty relating to the Property.
For further information, please refer to the Company's press release dated July 29, 2013.
RESSOURCES MINIÈRES RADISSON INC. (« RDS »)
TYPE DE BULLETIN : Convention d'achat de propriété d'actif ou d'actions
DATE DU BULLETIN : Le 7 août 2013
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'un contrat d'acquisition daté du 21 juillet 2013 selon lequel la société a acquis les 55 claims composant la propriété « Lac Gouin SSO » située au nord de la ville du Lac Saint-Jean. La considération payable par la société consiste au paiement de 9 000 $ en espèces et 30 000 actions de catégorie « A » de la société.
Les vendeurs conserveront une royauté de 1 % sur la propriété.
Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 29 juillet 2013.
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SIRIOS RESOURCES INC. ("SOI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 7, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the documentation relating to a notice of intent to acquire the remaining interest of 55% held by Golden Valley Mines Ltd. ("the Vendor") in the Cheechoo and Sharks properties located in James Bay, Québec (the "Properties"). The Company may acquire the remaining 55% interest in the Properties in consideration of the following:
- Before June 13, 2016, the carrying-out of $4,200,000 in exploration expenditures;
- On or before December 31, 2013, the issuance of common shares for the lesser of the equivalent of $1,000,000 or a maximum of 9.9% of the issued and outstanding common shares of the Company;
- No later than June 13, 2016, the issuance of either $500,000 in common shares to the Vendor and/or the payment of this amount in cash. The Company must pay in cash the portion of the $500,000 which would result in the Vendor becoming an insider of the Company.
The Company already owns a 45% interest in the Properties.
Any future issuance of the Company's common shares exceeding 2,452,873 shares as a result of this transaction will be subject to prior Exchange approval.
Upon the Company acquiring the remaining 55% interest in the Properties, the Vendor shall retain a 4% Royalty of the net returns resulting from mining products on the Properties, though the royalty may be reduced, for gold production specifically, to between 2.5% and 3.5% depending on the price of gold.
For further information please refer to the Company's press releases dated June 15, 2012, April 9, 2013 and June 19, 2013.
RESSOURCES SIRIOS INC. (« SOI »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 7 août 2013
Société du groupe 1 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents d'un avis d'intention d'acquérir un intérêt résiduel de 55 % détenu par Golden Valley Mines Ltée (le « vendeur ») dans les propriétés Cheechoo et Sharks situées à la Baie James dans la province du Québec (les « propriétés »). La société peut acquérir un intérêt résiduel de 55 % dans les propriétés en considération de :
- Au plus tard le 13 juin 2016, effectuer 4 200 000 $ en travaux d'exploration;
- Au plus tard le 31 décembre 2013, émettre un nombre d'actions ordinaires équivalant au moindre de 1 000 000 $ et/ou un nombre d'actions ordinaires représentant au plus 9,9 % des actions émises et en circulation de la société;
- Au plus tard le 13 juin 2016, émettre soit 500 000 $ sous forme d'actions ordinaires au vendeur et/ou payer ce montant en espèces. La société doit payer en espèces la portion du 500 000 $ qui aurait pour conséquence que le vendeur devienne initié de la société si le paiement était fait en actions.
La société détient déjà un intérêt de 45 % dans les propriétés.
Toute émission future d'actions ordinaires excédant 2 452 873 actions et effectuée en vertu de cette transaction sera sujette à l'approbation préalable de la Bourse.
Suite à l'acquisition de l'intérêt résiduel de 55 % dans les propriétés, le vendeur conservera une royauté de 4 % sur les produits nets miniers. Toutefois, concernant spécifiquement la production de l'or, la royauté peut être réduite à un pourcentage se situant entre 2,5 % et 3,5 % tout dépendamment du prix de l'or.
Pour plus d'information, veuillez vous référer aux communiqués de presse émis par la société les 15 juin 2012, 9 avril 2013 et 19 juin 2013.
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SPRYLOGICS INTERNATIONAL CORP. ("SPY")
BULLETIN TYPE: Private Placement- Brokered
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced July 17, 2013:
Number of Shares: | 15,197,340 common shares |
Purchase Price: | $0.40 per share |
Number of Placees: | 63 placees |
Insider / Pro Group Participation: | ||
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Marvin Igelman | Y | 100,000 |
Agent's Fees: | an aggregate of $360,631.60 plus 901,579 broker warrants (each exercisable into one common share at a price of $0.40 for a two year period) is payable to Beacon Securities Limited. |
Finder's Fees: | an aggregate of 455,920 finder's warrants (each exercisable into one common share at a price of $0.40 for a two year period) is payable to Northcote Advisors 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).
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SPRYLOGICS INTERNATIONAL CORP. ("SPY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a Share Purchase Agreement (the "Agreement") dated June 28, 2013 between Intertainment Media Inc. - a TSXV listed company - and Avenza Holdings Inc. (collectively, the "Vendors") and Sprylogics International Corp. (the "Company"). Pursuant to the Agreement, the Company shall acquire all the assets of Poynt Inc. which holds all the intellectual property related to the Poynt mobile application.
In consideration, the Company must pay $2,500,000 to be issued as a term loan with an interest rate of 6.5% for a two year period and issue 10,000,000 shares at a deemed price of $0.05 to the Vendors.
For more information, refer to the Company's news releases dated May 31, 2013, July 2, 2013 and August 1, 2013.
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TALLGRASS ENERGY CORP. ("TLC")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 7, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated July 29, 2013, trading in the shares of the Company will remain halted for Failure to Maintain Exchange Requirements.
VECTA ENERGY CORPORATION ("VER.H")
[formerly Vecta Energy Corporation ("VER")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: August 7, 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 on Thursday, August 8, 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 August 8, 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 VER to VER.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 May 6, 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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NEX COMPANY:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: August 7, 2013
NEX Company
A Temporary Cease Trade Order has been issued by the Ontario Securities Commission on August 7, 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) | ||||
NSG.H | NEX | New Sage Energy Corp. | Audited annual financial statements | |
for the year ended | 13/03/31 | |||
Management's discussion and analysis | ||||
relating to the audited annual financial | ||||
statements for the year ended | 13/03/31 | |||
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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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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