VANCOUVER, Sept. 19, 2013 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
A Cease Trade Order has been issued by the Autorité des marchés financiers on September 19, 2013, against the following Company for failing to file the document indicated within the required time period:
| Symbol | Company | Failure to File | Period Ending (Y/M/D) |
|
| ("LO") | Lounor Exploration Inc. | Annual Financial Statements | 13/03/31 | |
| Quarterly Financial Statements | 13/06/30 |
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.
TYPE DE BULLETIN : Interdiction d'opérations sur valeurs
DATE DU BULLETIN : Le 19 septembre 2013
Société du groupe 2 de TSX Croissance
Une interdiction d'opérations sur valeurs a été émise le 19 septembre 2013 par l'Autorité des marchés financiers envers la société suivante pour défaut de déposer le document indiqué dans la période prescrite :
| Symbole | Société | Défaut de déposer | Période se terminant (A/M/J) |
||
| (« LO ») | Exploration Lounor inc. | États financiers annuels | 13/03/31 | ||
| États financiers intermédiaires | 13/06/30 |
Suite à l'interdiction d'opérations sur valeurs, la négociation des titres de la société demeurera suspendue jusqu'à ce que la société réponde aux normes de Bourse de croissance TSX. Il est interdit aux membres de transiger les titres de la société durant la période de suspension ou jusqu'à un avis ultérieur.
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ARIAN RESOURCES CORP. ("ARC")
BULLETIN TYPE: Halt
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
Effective at 5:41 a.m. PST, September 19, 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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ARIAN RESOURCES CORP. ("ARC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
Effective at 11:00 a.m., PST, September 19, 2013, shares of the Company resumed trading, an announcement having been made.
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ASHER RESOURCES CORPORATION ("ACN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 26, 2013:
| Number of Shares: | 1,000,000 flow-through shares and |
| 3,435,000 non flow-through shares | |
| Purchase Price: | $0.20 per share |
| Warrants: | 3,435,000 share purchase warrants to purchase 3,435,000 shares |
| Warrant Exercise Price: | $0.30 for a two year period |
| Number of Placees: | 57 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Robert Montemarano | Y | 100,000 |
| John Arnold | Y | 100,000 |
| Robert J. Smith | P | 325,000 |
| Stephen Polonoski | P | 30,000 |
| Lisa Polonoski | P | 20,000 |
| David Garnett | P | 150,000 |
| Kenneth J. Potocky | P | 50,000 |
| Peter DeGasperis | P | 50,000 |
| Leone LeGree | P | 25,000 |
| Graham Moore | P | 100,000 |
| Finder's Fee: | An aggregate of $38,120 in cash and 190,600 finders' warrants payable to Macquarie Private Wealth Inc., Canaccord Genuity Corp., Ascenta Finance Corp. and Jones, Gable & Company. Each finder's warrant entitles the holder to acquire one common share at $0.20 for a two year period. |
|
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.
For further details, please refer to the Company's news release dated September 16, 2013.
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CONCORDIA RESOURCE CORP. ("CCN")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: September 19, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a term sheet (the "Term Sheet") between Concordia Resource Corp. ("Concordia") and Haywood Securities Ltd. ("Haywood") dated August 8, 2013. Pursuant to the Term Sheet, Haywood will coordinate the sale by Concordia of 28,540,393 common shares in the capital of Western Lithium USA Corporation (TSX:WLC) to various purchasers at a price of $0.10 per share.
Haywood will receive a cash commission equal to 4% of the proceeds of the sale.
Insider / Pro Group Participation: Ed Flood, director, will purchase 500,000 shares, Eduard Epshtein, Chief Financial Officer, will purchase 750,000 shares and Tracy Hansen, Corporate Secretary, will purchase 100,000 shares.
For further information please see Concordia's news release dated September 13, 2013 which is available under its profile on SEDAR.
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CORAL GOLD RESOURCES LTD. ("CLH")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: September 19, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
| # of Warrants: | 6,464,120 |
| Original Expiry Date of Warrants: | April 1, 2012 (for 4,709,120 warrants, extended to October 1, 2012 on March 28, 2012, and further extended to October 1, 2013 on September 20, 2012) |
| April 23, 2012 (for 1,755,000 warrants, extended to October 23, 2012 on March 28, 2012, and further extended to October 23, 2013 on September 20, 2012) |
|
| New Expiry Date of Warrants: | October 1, 2014 and October 23, 2014 |
| Exercise Price of Warrants: | $0.75 |
These warrants were issued pursuant to a private placement of 7,000,120 shares with 7,000,120 share purchase warrants attached, which was accepted for filing by the Exchange effective on April 16, 2010 and May 17, 2010.
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ECHELON PETROLEUM CORP. ("ECH")
BULLETIN TYPE: Halt
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
Effective at 6:01 a.m., PST, September 19, 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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ECHELON PETROLEUM CORP. ("ECH")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
Effective at 8:30 a.m., PST, September 19, 2013, shares of the Company resumed trading, an announcement having been made.
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GALVANIC APPLIED SCIENCES INC. ("GAV")
BULLETIN TYPE: Halt
BULLETIN DATE: September 19, 2013
TSX Venture Tier 1 Company
Effective at 12:44 p.m., PST, September 19, 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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GENSOURCE POTASH CORPORATION ("GSP")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to Share Purchase Agreements (collectively, the "Agreements") dated between April 4, 2013 and May 14, 2013 between Seven Stars Coal (the "Vendor") Corp. and its shareholders and Gensource Potash Corporation (the "Company"). Pursuant to the Agreements, the Company shall acquire a 100% interest in the Vendor by acquiring the remaining 5,200,000 common shares, representing a 32.1% interest. The Company previously held a 67.9% interest in the Vendor.
In consideration, the Company shall pay an aggregate of $114,400 to the shareholders of the Vendor.
For more information, refer to the Company's news release dated June 13, 2013.
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GOLDEN COAST ENERGY CORP. ("GCE")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 600,000 bonus shares to a non-arm's length party to the Company in consideration of a loan of $150,000. The loan has a one-year term and bears interest at a rate of 12% per annum.
Please refer to the Company's news release of September 10, 2013 for further details.
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GOLDEN REIGN RESOURCES LTD. ("GRR")
BULLETIN TYPE: Warrant Price Amendment
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants:
Private Placement:
| # of Warrants: | 6,081,244 |
| Expiry Date of Warrants: | January 18, 2014 |
| Original Exercise Price of Warrants: | $0.55 |
| New Exercise Price of Warrants: | $0.30 (warrant holders previously elected to participate in a warrant incentive program in January 2013 whereby each warrant holder paid $0.15 per warrant in order to amend the terms of such warrant such that the exercise price of each warrant would be reduced by from $0.75 to $0.55 and the expiry date of the warrants would be extended for a period of 12 months, subject to an accelerated expiry clause) |
| Forced Exercise Provision: | If the closing price for the Company's shares is $0.56 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. |
These warrants were issued pursuant to a private placement of 16,851,197 shares with 16,851,197 share purchase warrants attached, which was accepted for filing by the Exchange effective January 18, 2011. In January 2013, a total of 6,614,777 warrants were extended by one year and repriced to $0.55 after warrant holders were offered an opportunity to participate in a warrant incentive program whereby each warrant holder paid $0.15 per warrant for the warrant to be repriced and extended.
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KOMET MANUFACTURERS INC. ("AQD")
BULLETIN TYPE: Company Tier Reclassification, Remain Suspended
BULLETIN DATE: September 19, 2013
TSX Venture Tier 1 Company
In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company. Therefore, effective at the opening on Friday, September 20, 2013, the Company's Tier classification will change from Tier 1 to:
Classification
Tier 2
Further to the TSX Venture Exchange Bulletin dated September 4, 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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MEDGOLD RESOURCES CORP. ("MED")
BULLETIN TYPE: Warrant Price Amendment
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants:
Private Placement:
| # of Warrants: | 6,500,000 |
| Expiry Date of Warrants: | April 11, 2014 |
| Forced Exercise Provision: | If the closing price for the Company's shares is $0.07 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. |
| Original Exercise Price of Warrants: | $0.15 |
| New Exercise Price of Warrants: | $0.0555 |
These warrants were issued pursuant to a Convertible Debenture private placement of $975,000 which is convertible into 6,500,000 shares with 6,500,000 share purchase warrants attached, which was accepted for filing by the Exchange effective April 12, 2013.
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METROPOLITAN ENERGY CORP. ("MOE")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: September 19, 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: | 5,000,000 |
| Original Expiry Date of Warrants: | October 27, 2013 |
| New Expiry Date of Warrants: | October 27, 2016 |
| Exercise Price of Warrants: | $0.09 |
These warrants were issued pursuant to a private placement of 5,000,000 shares with 5,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective October 27, 2011.
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REDWATER ENERY CORP. ("RED")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 28, 2013:
| Number of Shares: | 5,393,098 common shares |
| Purchase Price: | $0.10 per share |
| Number of Placees: | 2 placees |
No Insider / Pro Group Participation
No Finder's Fee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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SACRE-COUER MINERALS, LTD. ("SCM")
BULLETIN TYPE: Halt
BULLETIN DATE: September 19, 2013
TSX Venture Tier 1 Company
Effective at 9:19 a.m., PST, September 19, 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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SACRE-COEUR MINERALS, LTD. ("SCM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 19, 2013
TSX Venture Tier 1 Company
Effective at 11:00 a.m., PST, September 19, 2013, shares of the Company resumed trading, an announcement having been made.
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SHOGUN CAPITAL CORP. ("SHO.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated September 18, 2013, effective at 9:at a.m.,
September 19, 2013, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding a 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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SIRONA BIOCHEM CORP. ("SBM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 11, 2013:
| Number of Shares: | 9,748,834 shares | |
| Purchase Price: | $0.12 per share | |
| Warrants: | 9,748,834 share purchase warrants to purchase 9,748,834 shares | |
| Warrant Exercise Price: | $0.16 for a two year period | |
| Number of Placees: | 43 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| GrowthPoint Management Consultants Inc. | ||
| (Neil Belenkie) | Y | 208,500 |
| Mike Rogers | Y | 208,400 |
| Aggregate Pro Group Involvement | P | 333,000 |
| [4 placees] | ||
| Finders' Fees: | Leede Financial Markets receives $1,920 and 16,000 non-transferable warrants. | |
| PI Financial Corp. receives $3,916.80 and 32,640 non-transferable warrants. | ||
| Maxence Gagne-Gobout receives $480 and 4,000 non-transferable warrants. | ||
| Alex Kuznecov receives $1,920 and 16,000 non-transferable warrants. | ||
| Robert Zaniol receives $2,496 and 20,800 non-transferable warrants. | ||
| Foremost Capital Corp. receives $2,880 and 24,000 non-transferable warrants. | ||
| Pam Vidalin receives $12,000 and 100,000 non-transferable warrants. | ||
| Canaccord Genuity Corp. receives $1,440 and 12,000 non-transferable warrants. | ||
| Wolverton Securities Ltd. receives $9,600 and 80,000 non-transferable warrants. | ||
| - Each warrant is exercisable for one share at a price of $0.16 per share for a two year 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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SPOT COFFEE (CANADA) LTD. ("SPP")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture(s)
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 16, 2013 and August 29, 2013:
| Number of Shares: | 3,958,334 shares |
| Purchase Price: | $0.12 per share |
| Warrants: | 1,979,167 share purchase warrants to purchase 1,979,167 shares |
| Warrant Exercise Price: | $0.20 for a three year period |
| Number of Placees: | 5 placees |
| Insider / Pro Group Participation: | ||
| Insider=Y / | ||
| Name | ProGroup=P | # of Shares |
| Hassan M.J. Dahlawi | Y | 416,667 |
| 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. |
||
| Convertible Debenture(s): | CDN$1,400,000 secured convertible debentures | |
| Conversion Price: | Convertible into common shares at $0.18 of principal outstanding per share until maturity. | |
| Maturity date: | Three years from issuance | |
| Interest rate: | 9% per annum | |
| Number of Placees: | 3 placees | |
For further details, please refer to the Company's news releases dated July 16, 2013 and August 29, 2013.
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TESORO MINERALS CORP. ("TES")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 711,530 shares to settle outstanding debt for $213,459.
Number of Creditors: 3 Creditors
The Company shall issue a news release when the shares are issued and the debt extinguished.
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WHITE BEAR RESOURCES INC. ("WBR")
BULLETIN TYPE: Consolidation
BULLETIN DATE: September 19, 2013
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders on August 15, 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, Friday, September 20, 2013, the common shares of White Bear 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 |
| 2,575,000 | shares are issued and outstanding | |
| Escrow | 157,500 | shares are subject to escrow |
| Transfer Agent: | Computershare Investor Services Inc. | |
| Trading Symbol: | WBR (UNCHANGED) | |
| CUSIP Number: | 96349P 30 0 (new) | |
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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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