VANCOUVER, Oct. 24, 2013 /CNW/ -
TSX VENTURE COMPANIES:
CANOEL INTERNATIONAL ENERGY LTD. ("CIL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 20, 2013:
| Number of Units: | 750,000 units ("Units") | |
| Each Unit consists of one common share and one common share purchase warrant ("Warrant"). | ||
| Purchase Price: | $0.20 per Unit | |
| Warrants: | 750,000 share purchase warrants to purchase 750,000 shares | |
| Warrant Exercise Price: | $0.25 for a period of two years from date of issuance. | |
| Number of Placees: | 1 placee | |
| Insider / Pro Group Participation: | None | |
| Finder's Fee: | $15,000 cash payable to Procorp ASA |
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CHINA HEALTH LABS & DIAGNOSTICS LTD. ("CHO")
BULLETIN TYPE: Halt
BULLETIN DATE: October 24, 2013
TSX Venture Tier 1 Company
Effective at 6:58 a.m., PST, October 24, 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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COLUMBUS ENERGY LIMITED ("CEL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
Effective at the opening on Friday, October 25, 2013, the common shares of Columbus Energy Limited (the "Company") will resume trading on TSX Venture Exchange Inc. (the "Exchange"); a news release having been issued on October 23, 2013 announcing that the option agreement with Przedsiebiors Uslugt Gorniczych Greenway dated April 2, 2013 (the "Agreement"), which was previously announced on April 14, 2013, has expired and that the Company's filing with the Exchange seeking acceptance of the Agreement has been withdrawn.
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EQUITAS RESOURCES CORP. ("EQT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an option agreement dated October 10, 2013 (the 'Agreement') between the Company and Karen Sui Hang Woo and Nahminto Resources Ltd. (Karen Woo and James Simpson) (together, the 'Optionors'). Pursuant to the terms of the Agreement, the Company will acquire a 100% interest in the Nahmint Property in British Columbia (the 'Property'). By way of consideration, the Company will make cash payments totalling $620,000 and will issue up to 5,000,000 shares, to be staged over seven years. The Company has also agreed to exploration expenses totalling $1,300,000 over a five year period. The Property is subject to a 2% NSR is favour of the Optionors, of which the Company may repurchase up to 1% for $1,000,000.
Please refer to the Company's news release dated October 16, 2013 for further details.
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INCA ONE RESOURCES CORP. ("IO")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 17, 2013:
| Convertible Debenture: | $275,000 of debentures are to be issued, of which 20% (having a value of $55,000) will be convertible into common shares within the first year. The remaining portion of the debentures are not convertible. |
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| Conversion Price: | Convertible into 550,000 common shares at a conversion price of $0.10. | ||||||||
| Maturity date: | The conversion feature expires one year from date of issuance, and the debentures mature five years from issuance. |
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| Interest rate: | 10% per annum, calculated and paid quarterly in arrears | ||||||||
| Number of Placees: | 8 placees | ||||||||
| Insider / Pro Group Participation: | |||||||||
| Name |
Insider=Y / ProGroup=P |
Value of Debenture |
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| George Moen | Y | $12,500 |
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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LUCKY STRIKE RESOURCES LTD. ("LKY")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Second and Final Tranche of a Brokered Private Placement announced August 28, 2013 and September 30, 2013:
| Number of Shares: Purchase Price: Warrants: Warrant Exercise Price: |
1,355,000 Flow through shares $0.10 per Flow through share 677,500 share purchase warrants to purchase 677,500 shares $0.15 for a two year period, subject to an acceleration clause |
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| Number of Shares: Purchase Price: Warrants: Warrant Exercise Price: |
7,500,000 common shares $0.08 per share 7,500,000 share purchase warrants to purchase 7,500,000 shares $0.13 for a two year period, subject to an acceleration clause |
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| Number of Placees: | 73 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P |
# of Shares |
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| Allen Morishita Patricia Wilson Aggregate Pro Group Involvement [3 placees] |
Y Y P |
200,000 100,000 400,000 |
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| Agents' Fees: |
Jordan Capital Markets Inc. - $55,160 cash, $15,000 cash finance fee, 150,000 common shares finance fee, and 736,292 Agent's options Jennings Capital Inc. - 46,800 Agent's options PI Financial Corp. - 24,908 Agent's options Raymond James Ltd. - 9,000 Agent's options Scotia Capital - 13,500 Agent's options |
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| - Each Agent's option is exercisable at $0.08 into one unit having the same terms as the common share offering. |
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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PACIFIC WILDCAT RESOURCES CORP. ("PAW")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 22, 2013:
| Convertible Debenture: | $230,000 | |||||||||
| Conversion Price: | Convertible into 4,600,000 units consisting of one common share and one common share purchase warrant at $0.05 per unit until February 10, 2014. |
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| Maturity date: | February 11, 2014 | |||||||||
| Warrants: | Each warrant will have a term of two years from the date of issuance of the warrant and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.05 per share. |
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| Interest rate: | 15% per annum | |||||||||
| Number of Placees: | 5 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P |
Amount |
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| Finebrook Investments Pty Ltd. Dunross Capital Limited Townsend Superannuation Fund |
Y Y Y |
$38,000 $12,000 $30,000 |
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.
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SGX RESOURCES INC. ("SXR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 24, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Option Agreement dated October 21, 2013 between SGX Resources Inc. (the 'Company') and Doug Lalonde, pursuant to which the Company may acquire eight (8) mineral claims located in Midlothian Township, Larder Lake Mining District, Ontario and Halliday Township, Porcupine Mining District, Ontario. In consideration, the Company will make cash payments totalling $100,000, issue a total of 600,000 shares and undertake $750,000 in exploration expenditures, as follows:
| CASH | SHARES | WORK EXPENDITURES | |||||||||||||||||||||
| Year 1 Year 2 Year 3 |
$60,000 $40,000 nil |
400,000 200,000 nil |
$150,000 $250,000 $350,000 |
If the Company earns 100% interest in the property, the optionor will receive a 2% net smelter return royalty, of which half may be purchased for $1,000,000.
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STAR NAVIGATION SYSTEMS GROUP LTD. ("SNA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 18, 2013:
| Number of Shares: | 11,250,000 shares | |||||||||
| Purchase Price: | $0.08 per share | |||||||||
| Warrants: | 11,250,000 share purchase warrants attached to purchase 11,250,000 shares | |||||||||
| Warrant Exercise Price: | $0.20 for a two year period | |||||||||
| Number of Placees: | 26 placees | |||||||||
| Insider / Pro Group Participation: | ||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
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| R.S. Peacock | Y | 325,000 | ||||||||
| Finder's Fee: | An aggregate of 1,125,000 units were paid to Legacy Cortex Capital Corp. |
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 October 18, 2013.
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STRATEGIC OIL & GAS LTD. ("SOG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on September 17, 2013 and closed September 26, 2013:
| Number of Shares: | 20,195,000 shares | ||||||||||||||||||||||||||
| Purchase Price: | $0.95 per share | ||||||||||||||||||||||||||
| Warrants: | None | ||||||||||||||||||||||||||
| Number of Placees: | 5 placees | ||||||||||||||||||||||||||
| Insider / Pro Group Participation: | |||||||||||||||||||||||||||
| Name |
Insider=Y / ProGroup=P / |
# of Shares |
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| Bay Resource Partners LP GMT Exploration Company LLC Thomas E. Clagus Bay II Resource Partners LP Bay Resource Partners Offshore Master Fund LP |
Y Y Y Y Y |
5,179,000 2,105,000 998,500 3,858,100 8,054,400 |
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| Finder's Fee: | None |
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VENTRIPOINT DIAGNOSTICS LTD. ("VPT")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 27, 2013 and closed on October 22, 2013:
| Convertible Debenture: |
500 units ("Units") at a price of $1,000 per Unit. Each Unit consists of $1,000 aggregate principal amount of convertible debentures and 5,000 common share purchase warrants |
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| Conversion Price: | Convertible into common shares at a price of $0.10 per share | ||||||||
| Maturity date: | 3 years from date of issuance | ||||||||
| Warrants: | Each warrant will have a term of 3 years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.15. |
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| Interest rate: | 12% per annum payable annually in arrears | ||||||||
| Number of Placees: | 7 placees | ||||||||
| Insider / Pro Group Participation: | |||||||||
| Name |
Insider=Y / ProGroup=P / |
Debenture Units |
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| Progroup Member | P | 30 | |||||||
| Finder's Fee: | None |
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XIANA MINING INC. ("XIA")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, October 24, 2013, shares of the Company resumed trading, an announcement having been made.
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ZIDANE CAPITAL CORP. ("ZZE.H")
[formerly Zidane Capital Corp. ("ZZE.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: October 24, 2013
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.4, Capital Pool Companies, the Company has not completed a Qualifying Transaction within the prescribed time frame. Therefore, effective at the opening on Friday, October 25, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of October 25, 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 ZZE.P to ZZE.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 24, 2013, trading in the Company's securities will remain suspended.
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NEX COMPANIES:
BULLETIN TYPE: Listing Maintenance Fees-Halt
BULLETIN DATE: October 24, 2013
NEX Companies
As of October 24, 2013, NEX has not received payment of the quarterly listing maintenance fees from the following trading issuers.
In accordance with NEX Policy section 15, at the open of business on Friday, October 25, 2013, the securities of these issuers will be halted from trading for failure to pay the listing maintenance fees. In addition, an issuer halted for failure to pay the listing maintenance fee will be subject to a processing fee of $250.00 + GST to be brought back to trade.
If payment is not made within 10 business days of being halted, the issuer will be suspended from trading without further notice. Once an issuer is suspended from trading, it will be subject to a reinstatement review, which must be accompanied by the applicable fee of $500.00 + GST.
If issuers have any questions regarding this halt, please contact:
Gary Lee, Senior Manager, NEX
Phone: 604-488-3126
Fax: 604-844-7502
| Symbol | Issuer Name |
| BYM.H | Baymount Incorporated |
| DUR.H | Delta Uranium Inc. |
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CHINOOK TYEE INDUSTRY LIMITED ("XCX.H")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: October 24, 2013
NEX Company
TSX Venture Exchange has accepted for filing, a Loan Agreement dated October 18, 2013 between the Company's wholly-owned subsidiary, Chinook Tyee Switzerland GmbH in foundation (the "Lender"), and DYVA Holding AG (the "Borrower") whereby the Lender will make available to the Borrower a revolving credit facility in the aggregate principal amount of up to €700,000 upon the terms and conditions set forth in the Loan Agreement. Any funds drawn will bear interest at a rate of 8.5% per annum, calculated quarterly. As security for the credit facility, the Borrower has assigned 10,940,242 common shares in the capital of Xanthus Holdings Plc ("Xanthus"), which represents approximately 55% of the issued and outstanding common shares of Xanthus. The Lender and the Borrower are at arm's length.
For further information, please refer to the Company's news release dated October 23, 2013.
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DELTA URANIUM INC. ("DUR.H")
BULLETIN TYPE: Halt
BULLETIN DATE: October 24, 2013
NEX Company
Effective at 8:18 a.m., PST, October 24, 2013, trading in the shares of the Company was halted for failure to maintain a Transfer Agent. 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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MERCARI ACQUISITION CORP. ("MV.H")
BULLETIN TYPE: Halt
BULLETIN DATE: October 24, 2013
NEX Company
Effective at 5:00 a.m., PST, October 24, 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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MERCARI ACQUISITION CORP. ("MV.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: October 24, 2013
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated October 24, 2013, effective at 10:37 a.m. October 24, 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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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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