VANCOUVER, Jan. 30, 2014 /CNW/ -
TSX VENTURE COMPANIES:
ARIAN RESOURCES CORP. ("ARC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Effective at 9:30 a.m., PST, January 30, 2014, shares of the Company resumed trading, an announcement having been made.
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BAYHORSE SILVER INC. ("BHS")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
The TSX Venture Exchange Inc. has accepted documentation in connection with a letter agreement (the "Agreement") between Bayhorse Silver Inc. (the "Company") and Starbuck Group Proprietary Limited ("Starbuck") dated January 23, 2014. Under the Agreement, the Company has agreed to sell 9,981,413 common shares in the capital of Archean Star Resources (TSXV:ASP) to Starbuck for cash consideration of $748,606 in a private off-market trade.
Insider / Pro Group Participation: Nil
For further information please see the Company's news release dated January 23, 2014 which is available under the Company's profile on SEDAR.
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BELLHAVEN COPPER & GOLD INC. ("BHV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 24, 2013:
Number of Shares: | 2,550,000 shares | |||||||||
Purchase Price: | $0.05 per share | |||||||||
Warrants: | 2,550,000 share purchase warrants to purchase 2,550,000 shares | |||||||||
Warrant Exercise Price: | $0.08 for a three year period | |||||||||
Number of Placees: | 7 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P |
# of Shares |
||||||||
Julio Benedetti Cyrus Driver Robert S. Wasylyshyn Aggregate Pro Group Involvement [1 placee] |
Y Y Y P |
200,000 200,000 200,000 750,000 |
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Finder's Fee: | Haywood Securities Inc. - $3,000 and 60,000 Broker Warrants that are exercisable into units of one common shares and one share purchase warrants that is exercisable into common shares at $0.08 per share for a 3 year period. |
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PanAmerica Capital Group Inc. (Angela Varela Sandoval) - $4,000 and 80,000 Broker Warrants that are exercisable into units of one common shares and one share purchase warrants that is exercisable into common shares at $0.08 per share for a 3 year period. |
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Richardson GMP Limited - $800 and 16,000 Broker Warrants that are exercisable into units of one common shares and one share purchase warrants that is exercisable into common shares at $0.08 per share for a 3 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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CANADIAN OILFIELD SOLUTIONS CORP. ("OTS")
BULLETIN TYPE: Warrants for Bonuses
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue common share purchase warrants ("Bonus Warrants") in connection with the issuance of up to 5,750 debenture units ("Debenture Units"). Each Debenture Unit consists of (i) $1000 principal amount non-convertible secured non-transferable subordinated debentures at an interest rate of 10% per annum ("Debenture"), maturing on December 31, 2014 (the "Maturity Date") and (ii) 500 Bonus Warrants. Each Bonus Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.30 for a period of 24 months from closing. Additionally, the Exchange understands that the Debentures shall be secured against the assets of the Company and that the Company may redeem without penalty all, but not less than all, of the Debentures and all accrued interest prior to the Maturity Date.
Further, the Exchange consents to a corporate finance fee consisting of 125,000 common shares of the Company ("Share") at a deemed price of $0.20 per Share.
For further information please refer to the Company's press release dated December 23, 2013.
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CARDIOCOMM SOLUTIONS, INC. ("EKG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 9, 2014:
Second Tranche:
Number of Shares: | 2,648,000 shares | ||||||||||
Purchase Price: | $0.0675 per share | ||||||||||
Warrants: | 2,648,000 share purchase warrants to purchase 2,648,000 shares | ||||||||||
Warrant Exercise Price: | $0.10 for a two year period | ||||||||||
Number of Placees: | 3 placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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CAYMUS RESOURCES INC. ("CJX.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated December 30, 2013, effective at the open, Friday, January 31, 2014, 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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COUGAR MINERALS CORP. ("COU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 15, 2013:
Number of Shares: | 18,188,000 shares | |||||||||||
Purchase Price: | $0.075 per share | |||||||||||
Warrants: | 9,094,000 share purchase warrants to purchase 9,094,000 shares | |||||||||||
Warrant Exercise Price: | $0.25 for a two year period | |||||||||||
Number of Placees: | 64 placees | |||||||||||
Insider / Pro Group Participation: | ||||||||||||
Name |
Insider=Y / ProGroup=P |
# of Shares |
||||||||||
Venbanc Investment and Management Group Inc. (Murray Nye and Max Polinsky) Ronald Blusson Aggregate Pro Group Involvement [3 placees] |
Y Y P |
2,300,000 400,000 450,000 |
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Finders' Fees: |
$29,571.75 cash and 197,145 warrants payable to Jordan Capital Markets Inc. $63,000 cash and 420,000 warrants payable to Jackson Bennett LLC $3,408.75 cash and 22,725 warrants payable to Wolverton Securities Ltd. $1,687.50 cash and 11,250 warrants payable to Canaccord Genuity Corp. |
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- Finder's fee warrants are exercisable at $0.25 per share for two years. |
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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DITEM EXPLORATIONS INC. ("DIT")
BULLETIN TYPE: Halt
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Effective at 6:35 a.m., PST, January 30, 2014, 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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EAGLE PLAINS RESOURCES LTD. ("EPL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 30, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Asset Purchase Agreement dated November 12, 2013 (the "Agreement") between the Company and Providence Resources Corp. ("Providence"), an Arm's Length Party, whereby the Company acquired the remaining 60% interest in the Iron Range Project Joint Venture ("IRP-JV"), which includes 125 mineral claims covering 57,632.22 hectares located near Creston, BC, and all mining equipment, infrastructure, facilities and related assets on or in connection with such claims. Upon closing of the Agreement, the IRP-JV has been dissolved and the Company now holds a 100% interest in the Iron Range Project (the "Project"). In consideration, the Company issued 500,000 shares of the Company ("Shares") at a deemed price of $0.075.
Pursuant to the Agreement, Providence will be granted a 1% net smelter return royalty interest in the Project and the Company will return to Providence 900,000 shares of Providence previously issued to the Company as option payments prior to the formation of the IRP-JV.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press release dated January 16, 2014.
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EQUITORIAL EXPLORATION CORP. ("EXX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced January 23, 2013:
Number of Shares: | 3,620,000 shares | |||||||||
Purchase Price: | $0.15 per share | |||||||||
Number of Placees: | 6 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P |
# of Shares |
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Western Potash Corp. | Y | 3,000,000 | ||||||||
Finder's Fee: | $7,905 and 52,700 Warrants payable to Canaccord Genuity Corp. Each Warrant is exercisable at a price of $0.15 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.
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FIRESTEEL RESOURCES INC. ("FTR")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant a Term Sheet dated May 8, 2013 (the "Term Sheet") between the Company and OZ Exploration Pty Ltd. ("OZ"), an arm's length party, whereby OZ has the option to acquire up to a 70 % interest (the "Option") in the Company's ROK Coyote property (the "Property"), located in north-western British Columbia. Pursuant to the Term Sheet, the Option may be exercised by OZ upon the completion of a minimum of 2,000m of drilling on the Property, making aggregate cash payments of USD $500,000 to the Company, and incurring exploration expenditures (the "Expenditures") on the Property totaling USD $8,000,000 over a 43 month period. After completion of the Expenditures, if OZ wishes to continue exploration, it must pay the Company an additional USD $1,000,000. In the event that OZ continues exploration, the Company will have a once only election to agree to fund its 30% share of expenditures on a go forward basis through to completion of final construction and commissioning of a mine. If the Company does not exercise its once only election, OZ can acquire a further 10% interest in the Property by spending USD $5,000,000 on exploration.
The Exchange notes, OZ will be appointed as the operator of the Property and will have the exclusive and sole responsibility of administering and carrying out the exploration programs on the Property.
Insider / Pro Group Participation: None
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G4G RESOURCES LTD. ("GXG")
BULLETIN TYPE: Halt
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Effective at 10:43 a.m., PST, January 30, 2014, 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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G4G RESOURCES LTD. ("GXG")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated January 30, 2014, effective at 11:30 a.m., January 30, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding a Fundamental Acquisition pursuant to TSXV Listings Policy 5.6 (d) of Exchange Policy 5.3. 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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GALE FORCE PETROLEUM INC. ("GFP")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 375,000 common shares, of which 300,000 shares at a deemed price of $0.10 per share and 75,000 shares at a deemed price of $0.20 per share, in settlement of certain services provided to the Company by two arm's length persons.
Number of Creditors: | 2 creditors |
For more information, please refer to the Company's press releases dated September 30, 2013 and January 29, 2014.
GALE FORCE PETROLEUM INC. (« GFP »)
TYPE DE BULLETIN : Émission d'actions en paiement de services
DATE DU BULLETIN : Le 30 janvier 2014
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 375 000 actions ordinaires, dont 300 000 actions au prix réputé de 0,10 $ l'action et 75 000 actions au prix réputé de 0,20 $ l'action, en règlement de certains services fournis à la société par deux personnes transigeant sans lien de dépendance avec la société.
Nombre de créanciers : | 2 créanciers |
Pour de plus amples renseignements, veuillez consulter les communiqués de presse de la société des 30 septembre 2013 et 29 janvier 2014.
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GASTEM INC ("GMR")
BULLETIN TYPE: Halt
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Effective at 6:35 a.m., PST, January 30, 2014, 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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KLONDIKE SILVER CORP. ("KS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a Non-Brokered Private Placement announced June 21, 2013, and as amended September 10, 2013, November 26, 2013 and December 6, 2013:
Number of Shares: | 7,720,000 non-flow through shares and 714,286 flow through shares | |||||||||||
Purchase Price: | $0.05 per non-flow through share and $0.07 per flow through share | |||||||||||
Warrants: | 8,434,286 share purchase warrants to purchase 8,434,286 shares | |||||||||||
Warrant Exercise Price: | $0.07 for a four year period | |||||||||||
Number of Placees: | 20 placees | |||||||||||
Insider / Pro Group Participation: | ||||||||||||
Name |
Insider=Y / ProGroup=P |
# of Shares |
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Hastings Management Corp. (Richard Hughes) Mark Luchinski Doug McFaul |
Y Y Y |
800,000 NFT 800,000 NFT 350,000 NFT |
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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LAS VEGAS FROM HOME.COM ENTERTAINMENT INC. ("LVH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 21, 2014:
Number of Shares: | 14,375,000 shares | |||||||||
Purchase Price: | $0.08 per share | |||||||||
Warrants: | 14,375,000 share purchase warrants to purchase 14,375,000 shares | |||||||||
Warrant Exercise Price: | $0.10 for a two year period | |||||||||
Number of Placees: | 13 placees | |||||||||
Insider / Pro Group Participation: | ||||||||||
Name |
Insider=Y / ProGroup=P |
# of Shares |
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Aggregate Pro Group Involvement [4 placees] |
P |
1,862,500 |
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Finder's Fee: | Haywood Securities Inc. - $10,000 cash and 125,000 broker warrants payable. | |||||||||
- Each broker warrant is exercisable into one common share at $0.10 for two years from closing. | ||||||||||
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Garett Prins - 1,048,750 units. Jacinthe Gaudreault - 62,500 units. France Emond - 31,250 units. |
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- Each unit has the same terms as the 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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MILL CITY GOLD CORP. ("MC")
BULLETIN TYPE: Halt
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Effective at 11:04 a.m., PST, January 30, 2014, trading in the shares of the Company was halted 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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MILL CITY GOLD CORP. ("MC")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated January 30, 2014, effective at 11:15 a.m., January 30, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding a Fundamental Acquisition pursuant to TSXV Listings Policy 5.6 (d) of Exchange Policy 5.3. 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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PRISM MEDICAL LTD. ("PM")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: January 30, 2013
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
Dividend per Common Share: Payable Date: Record Date: Ex-Dividend Date: |
$0.08 March 3, 2014 February 21, 2014 February 19, 2014 |
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SANTE FE METALS CORPORATION ("SFM")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing an Option Agreement (the 'Agreement'), dated January 6, 2014, between Sante Fe Metals Corp. ('Sante Fe') and Brigadier Gold Limited ('Brigadier'). Pursuant to the Agreement, Brigadier has obtained the option to earn a 100% interest in the Cuatro Ciénegas property, (the 'Mining Asset'), located in Mexico.
Under the terms of the Agreement, consideration for the Mining Asset is as follows:
- $200,000 as a first deposit (received).
- $32,513.88 reimbursement for concession taxes on the Property (received).
- $25,000 in cash and $75,000 in shares on Exchange approval.
- $550,000 in cash or shares, payable in four (4) installments over forty two (42) months. Brigadier will have the option to pay the installments in cash or shares.
Insider / Pro Group Participation: N/A
Please refer to Sante Fe's news release dated January 8, 2014 for further information.
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STELLAR AFRICAGOLD INC. ("SPX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement:
Number of Shares: | 1,500,000 common shares, of which 1,275,000 are flow-through common shares and 225,000 are non-flow-through common shares | |||||
Purchase Price: | $0.10 per common share | |||||
Warrants: | 1,500,000 warrants to purchase 1,500,000 common shares | |||||
Warrant Exercise Price: | $0.15 per share for a 12-month period | |||||
Number of Placees: | 15 placees |
The Company has confirmed the closing of the above-mentioned Private Placement by way of a press release.
STELLAR ORAFRIQUE INC. (« SPX »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 30 janvier 2014
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier :
Nombre d'actions : | 1 500 000 actions ordinaires, desquelles 1 275 000 sont des actions ordinaires accréditives et 225 000 sont des actions ordinaires non-accréditives | |||||
Prix : | 0,10 $ par action ordinaire | |||||
Bons de souscription : | 1 500 000 bons de souscription permettant de souscrire à 1 500 000 actions ordinaires | |||||
Prix d'exercice des bons : | 0,15 $ par action pour une période de 12 mois | |||||
Nombre de souscripteurs : | 15 souscripteurs |
La société a confirmé la clôture du placement privé mentionné ci-dessus par un communiqué de presse.
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TAMERLANE VENTURES INC. ("TAM")
BULLETIN TYPE: Halt
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
Effective at 9:16 a.m., PST, January 30, 2014, trading in the shares of the Company was halted 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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URBAN SELECT CAPITAL CORPORATION ("CH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 6, 2013:
Number of Shares: | 12,500,000 shares | |||||
Purchase Price: | $0.08 per share | |||||
Number of Placees: | 1 placee | |||||
Insider / Pro Group Participation: | ||||||
Name |
Insider=Y / ProGroup=P |
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Oriental Sense Development Limited (H. Wang) |
Y |
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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ZAIO CORPORATION ("ZAO")
BULLETIN TYPE: Convertible Debenture/s, Amendment
BULLETIN DATE: January 30, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the amendment of the following convertible debenture/s:
Convertible Debenture: | $1,130,000 |
Amended Debenture Terms:
TSX Venture Exchange has accepted for filing documentation pursuant to a Supplemental Indenture dated December 31, 2013 (the "Supplemental Indenture") with reference to a Trust Indenture dated May 9, 2013 (the "Trust Indenture") between the Company and the holders (the "Debentureholders") of 10% secured convertible redeemable debentures (the "Debenture"). Under the terms of the Supplemental Indenture, the Company proposes to amend the terms of the Trust Indenture and Debentures to provide the Debentureholders a one time only election to receive common shares ("Shares") in exchange for foregone interest (the "Make Whole Payment") between the conversion date of December 31, 2013 and the maturity date of the Debentures, May 9, 2017, as calculated by the formula as described in the Company's Management Information Circular dated December 9, 2013.. To receive the Make Whole Payment, the Debentureholders must elect to convert their Debentures into units "(Units"), with each Unit is comprised of one Share and one common share purchase warrant ("Warrant"), and thereupon exercise the underlying Warrants as part of the Unit, with each Warrant exercisable into one Share at an exercise price of $0.15 for a period of 24 months from the date of issuance.
The Exchange notes that the Supplemental Indenture was approved by Special Resolution (as defined in the Trust Indenture) by the Debentureholders on December 31, 2013. As a result, a total of $1,133,000 principal amount of outstanding Debentures were elected to convert. Pursuant to the Supplemental Indenture, 9,441,668 Shares were issued as part of the Units upon the redemption of the Debentures and 9,441,668 Shares were issued on the exercise of a total of 9,441,668 Warrants, which were issued as part of the Units. An additional 1,7091,549 Shares were issued at a deemed price of $0.1898 per Share for the Make Whole Payment in the amount of $322,951.
The convertible debenture/s was issued pursuant to a private placement which was originally accepted for filing by the Exchange effective June 15, 2011 and September 12, 2013.
All other terms of the Debentures remain the same.
For further information, please refer to the Company's press release dated December 9, 2013.
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SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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