VANCOUVER, Feb. 20, 2014 /CNW/ -
TSX VENTURE COMPANIES:
ALIX RESOURCES CORP. ("AIX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Mineral Claim Purchase Agreement dated February 4, 2014 between the Company and MGK Consulting Inc. (Jason Gigliotti) whereby the Company has acquired an undivided 100% interest in and to claims located in the Sheslay Valley region, British Columbia. Consideration is the issuance of 3,000,000 common shares.
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ASHBURTON VENTURES INC. ("ABR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 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 December 13, 2013, January 22, 2014 and February 6, 2014:
Number of Shares: | 3,500,000 non-flow-through shares |
2,300,000 flow-through shares | |
Purchase Price: | $0.05 per non-flow-through share and flow-through shares |
Warrants: | 5,800,000 share purchase warrants to purchase 5,800,000 shares |
Warrant Exercise Price: | $0.075 for a one year period |
$0.10 in the second year | |
Number of Placees: | 23 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
England Communications Ltd. (Mike England) | Y | 350,000 f/t |
England Communications Ltd. (Mike England) | Y | 275,000 nf/t |
Mike England | Y | 15,000 nf/t |
Ridge Resources Ltd. (Kyler Hardy) | Y | 200,000 nf/t |
Midnight Mining Services Ltd. (William Harris) | Y | 250,000 nf/t |
Aggregate Pro Group Involvement | P | 500,000 f/t |
[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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AURGENT GOLD CORP. ("AUR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Property Sale Agreement dated February 12, 2014 between the Company and Basin Minerals Ltd. (Cora Chau) whereby the Company can earn a 100% interest in the Brown Lake Property that is located in Saskatchewan. Consideration is 400,000 common shares and $500,000 in exploration expenditures within three years.
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AVEDA TRANSPORTATION AND ENERGY SERVICES INC. ("AVE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Asset Purchase Agreement December 23, 2013, with reference to a Letter of Intent dated October 26, 2013 (collectively, the "Agreements"), between the Company and two arm's length parties, M&K Hotshot & Trucking, Inc. along with M&K Rig Service Inc. (together, the "Vendors"). Pursuant to the Agreements, the Company has agreed to acquire from the Vendors an oilfield transportation business and an equipment rental business located in Williston, North Dakota, which includes approximately 170 pieces of oilfield hauling equipment, including 79 trailers, 15 conventional tractors, 14 winch trucks and three cranes, and approximately 395 pieces of rental equipment. In consideration, the Company paid USD$38,000,000 in cash, subject to certain adjustments as outline in the Company's December 24, 2013 press release; issued 1,551,528 common shares of the Company ("Shares") at a deemed price of $3.60 per Share; and will pay an estimated aggregate amount of USD$9,000,000 (the "Contingent Considerations") in additional consideration which may be payable on an earn-out basis over a period of three years provided certain EBITDA levels are generated. At the option of Company the Contingent Considerations may be paid in cash or Shares or a combination thereof.
Please see the Company's press release dated January 31, 2014 for additional information.
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AVIDUS MANAGEMENT GROUP INC. ("AVD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with an Asset Purchase Agreement dated February 17, 2014 whereby the Company has acquired certain assets of Akea, LLC. Consideration is US$2,000,000 plus $279,414.74 for the physical assets, including inventory. The purchase price will be paid in four parts:
- US$100,000 at Closing;
- US$400,000 four weeks from Closing;
- US$1,500,000 through a royalty structure; and
- 2 equal payments to occur on August 1, 2014 and February 1, 2015 (physical asset portion).
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CANADIAN SILVER HUNTER INC. ("AGH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Asset Purchase Agreement (the "Agreement"), dated February 19, 2014, between Canadian Silver Hunter Inc. (the "Company") and Veinlode Silver Mines Limited - a private Ontario company (the "Vendor"), whereby the Company will acquire a 100% interest in 26 patented mineral claims (the "Property"), located in South Lorrain, Ontario.
Under the terms of the Agreement, the Company has agreed issue 40,000 common shares to the Vendor as consideration for the Property.
For further details, please refer to the Company's news release dated February 19, 2014.
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CANAMAX ENERGY LTD. ("CAC")
[formerly Petroforte International Ltd. ("PFI")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders on December 17, 2013, the Company has consolidated its capital on a (six) 6 old for (one) 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening on Friday, February 21, 2014, the common shares of Canamax Energy Ltd. will commence trading on TSX Venture Exchange, and the common shares of Petroforte International Ltd. will be delisted. The Company is classified as an 'Oil & Gas Exploration/Development' company.
Post - Consolidation | |
Capitalization: | Unlimited shares with no par value of which |
26,968,541 shares are issued and outstanding | |
Escrow: | NIL shares |
Transfer Agent: | Computershare Trust Company of Canada |
Trading Symbol: | CAC (new) |
CUSIP Number: | 13710X101 (new) |
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CANOEL INTERNATIONAL ENERGY LTD. ("CIL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 28, 2014:
Number of Shares: | 400,000 shares ("Shares") |
Purchase Price: | $0.25 per Share |
Number of Placees: | 1 placee |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Tonsenhagen Forretningssentrum AS (Eric Larre) | Y | 400,000 |
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CODRINGTON RESOURCE CORPORATION ("CA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,931,840 shares at a deemed value of $0.06 per share to settle outstanding debt for $175,910.55.
Number of Creditors: | 5 Creditors | |||
Insider / Pro Group Participation: | ||||
Insider=Y / | Amount | Deemed Price | ||
Creditor | Progroup=P | Owing | per Share # | of Shares |
Allen Ambrose | Y | $52,646.40 | $0.06 | 877,440 |
Kenneth Sadowski | Y | $21,451.36 | $0.06 | 357,533 |
Darryl Drummond | Y | $10,000.00 | $0.06 | 166,666 |
Adrian Hobkirk | Y | $60,026.86 $ | 0.06 | 1,000,447 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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CRESO EXPLORATION INC. ("CXT")
BULLETIN TYPE: Delist
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Further to the Company's news release dated February 18, 2014, the common shares of Creso Exploration Inc. (the "Company") will be delisted from TSX Venture Exchange effective at the close of business on Thursday, February 20, 2014.
The delisting of the Company's common shares is effectuated at the request of the Company. The Common Shares of the Company have begun trading on the Canadian Securities Exchange (CSE) at the opening on February 19, 2014 under the symbol "CXT". The Company will hold a special shareholders' meeting on February 28, 2014, to consider and approve the proposed amalgamation transaction with Dundee Sustainable Technologies Inc. (previously known as Nichromet Extraction Inc.).
For more information, please consult the Company's Management Information Circular dated January 31, 2014.
EXPLORATION CRESO INC. (« CXT »)
TYPE DE BULLETIN : Radiation de la cote
DATE DU BULLETIN : Le 20 février 2014
Société du groupe 2 de TSX Croissance
Suite au communiqué de presse émis par la société le 18 février 2014, les actions ordinaires d'Exploration Creso inc. (la « société ») seront retirées de la cote de Bourse de croissance TSX à la fermeture des affaires jeudi le 20 février 2014.
Le retrait de la cote des actions ordinaires de la société survient suite au dépôt d'une demande de retrait volontaire déposée par la société. Les actions ordinaires de la société ont commencé à être transigées sur Bourse des valeurs canadiennes (CSE) à l'ouverture des marchés le 19 février 2014 sous le symbole « CXT ». La société tiendra une assemblée spéciale des actionnaires le 28 février 2014, afin de considérer et approuver une opération de fusion avec Dundee Sustainable Technologies Inc. (anciennement connue sous le nom de Nichromet Extraction Inc.).
Pour plus de renseignements, veuillez consulter la circulaire d'information de la direction datée du 31 janvier 2014.
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EPALS CORPORATION ("SLN")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 20, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,166,336 shares to settle outstanding debt for $166,035.
Number of Creditors: 8 Creditors
For further information, please refer to the Company's news release dated February 10, 2014.
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LINGO MEDIA CORPORATION ("LM")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Further to TSX Venture Exchange bulletin dated August 23, 2012, the Exchange has consented to a further extension in the expiry date of the following warrants:
Private Placement:
# of Warrants: | 3,658,668 |
Original Expiry Date of Warrants: | September 4, 2012 |
New Expiry Date of Warrants: | March 4, 2016 |
Exercise Price of Warrants: | $0.75 |
These warrants were issued pursuant to a private placement of 3,658,668 shares with 3,658,668 share purchase warrants attached, which was accepted for filing by the Exchange effective March 4, 2011.
Private Placement:
# of Warrants: | 1,875,000 |
Original Expiry Date of Warrants: | November 11, 2012 |
New Expiry Date of Warrants: | May 11, 2016 |
Exercise Price of Warrants: | $0.75 |
These warrants were issued pursuant to a private placement of 1,875,000 shares with 1,875,000 share purchase warrants attached, which was accepted for filing by the Exchange effective May 11, 2011.
.________________________________________
MAGOR CORPORATION. ("MCC")
BULLETIN TYPE: Warrants for Bonus
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing the Company's issuance of an aggregate of $2,337,000 principle amount of secured subordinated debentures (the "Debentures"). The Debentures bear an interest rate of 12% per annum and will have a four year term.
Further, the Exchange has accepted for filing the issuance of 2,337,000 bonus warrants in connection with the Debentures. Each bonus warrant is exercisable into one common share at a price of $0.40 for a four year period.
Additionally, the Exchange has accepted for filing the payment of an aggregate of $62,400 plus 301,125 agents warrants (each exercisable into one common share at a price of $0.40 for a four year period) to be issued as agent's fee to Jacob Securities Inc. and Richardson GMP Ltd.
For further details, please refer to the Company's news releases dated December 23, 2013 and February 6, 2014.
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MERCATOR TRANSPORT GROUP CORPORATION ("GMT")
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective at 5:29 a.m., PST, February 20, 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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MERCATOR TRANSPORT GROUP CORPORATION ("GMT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective at 10:15 a.m., PST, February 20, 2014, shares of the Company resumed trading, an announcement having been made.
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MINAURUM GOLD INC. ("MGG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 150,000 shares to settle outstanding debt for US$80,000.
Number of Creditors: 1 Creditor
Insider / Pro Group Participation:
Insider=Y / | Amount | Deemed Price | ||
Creditor | Progroup=P | Owing | per Share | # shares |
Minera Mariposa S.A. de C.V. | Y | US$80,000 | US$0.533 | 150,000 |
(David Jones, Meger Megaw) |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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MONARQUES RESOURCES INC. ("MQR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 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: | 1,818,181 common shares |
Purchase Price: | $0.11 per common share |
Warrants: | 1,818,181 warrants to purchase 1,818,181 common shares. |
Warrants Exercise Price: | $0.14 per common share for 24 months following the closing of the Private Placement |
Number of Placees: | 1 placee |
The Company confirmed the closing of the Private Placement pursuant to a news release dated February 7, 2014.
RESSOURCES MONARQUES INC. (« MQR »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 20 février 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 : | 1 818 181 actions ordinaires |
Prix : | 0,11 $ par action ordinaire |
Bons de souscription : | 1 818 181 bons permettant d'acquérir 1 818 181 actions ordinaires. |
Prix d'exercice des bons : | 0,14 $ par action durant une période de 24 mois suivant la clôture du placement privé |
Nombre de souscripteurs : | 1 souscripteur |
La société a confirmé la clôture de ce placement dans un communiqué de presse daté du 7 février 2014. |
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NEWCASTLE ENERGY CORP. ("NGY")
BULLETIN TYPE: Warrant Price Amendment
BULLETIN DATE: February 20, 2014
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: | 13,399,567 |
Expiry Date of Warrants: | February 28, 2018 |
Original Exercise Price of Warrants: | $0.05 in the first year, and $0.10 in years two through five |
New Exercise Price of Warrants: | $0.05 for the term of the warrants. |
These warrants were issued pursuant to the Second Tranche of a Temporary Relief Measures private placement of 14,899,567 shares with 14,899,567 share purchase warrants attached, which was accepted for filing by the Exchange effective March 26, 2013.
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NEXT GEN METALS INC. ("N")
BULLETIN TYPE: Delist
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective at the close of business on Monday, February 24, 2014, the common shares will be delisted from TSX Venture Exchange at the request of the Company.
The Company will commence trading on the Canadian Securities Exchange at opening of business February 25, 2014.
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PISTOL BAY MINING INC. ("PST")
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective at 10:28 a.m. PST, February 20, 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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PISTOL BAY MINING INC. ("PST")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective at 11:45 a.m., PST, February 20, 2014, shares of the Company resumed trading, an announcement having been made.
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PLAYFAIR MINING LTD. ("PLY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated October 1, 2013 between the Company and Richard Parker, Andy Bowden and Bowpark Exploration (Ireland) Ltd. whereby the Company can acquire a 100% equity interest in Bowpark Exploration (Ireland) Ltd. which holds three contiguous prospecting licenses in County Sligo, Ireland in consideration of the issuance of 180,000 common shares, $2,280,000 in exploration expenditures plus $1,000,000 in cash or shares (if shares, they will be subject to Exchange acceptance at the time of the share issuance).
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RESERVOIR MINERALS INC. ("RMC)
BULLETIN TYPE: Halt
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective at 5:45 a.m. PST, February 20, 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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RESERVOIR MINERALS INC. ("RMC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective at 9:45 a.m., PST, February 20, 2014, shares of the Company resumed trading, an announcement having been made.
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RICHCO INVESTORS INC. ("RII.A") ("RII.B")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Financing Agreement dated January 24, 2014 (the "FA") between the Company and a distributor for a company which makes an engine treatment product. Pursuant to the terms of the FA, the Company is granted the right to finance the purchase of the products for sale in China and other Asian countries and will earn a 70% profit participation respective to the sales of the product generated in these countries.
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ROCKY MOUNTAIN LIQUOR INC. ("RUM")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: February 20, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated February 18, 2014, it may repurchase for cancellation, up to 2,889,889 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange during the period February 24, 2014 to February 23, 2015 . Purchases pursuant to the bid will be made by National Bank Financial on behalf of the Company.
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SILVERCREST MINES INC. ("SVL")
BULLETIN TYPE: Halt
BULLETIN DATE: February 19, 2014
TSX Venture Tier 1 Company
Effective at 12:59 p.m. PST, February 19, 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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SILVERCREST MINES INC. ("SVL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: February 20, 2014
TSX Venture Tier 1 Company
Effective at 5:00 a.m., PST, February 20, 2014, shares of the Company resumed trading, an announcement having been made.
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SIMAVITA LIMITED ("SV")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Effective February 19, 2014, the Company's application to list on the Australian Stock Exchange ('ASX') and related Prospectus Offering (the 'Offering') was accepted by the regulators in Australia. The Company is now listed and trading on the ASX.
TSX Venture Exchange has been advised that closing of the Offering resulted in gross proceeds of AUD$405,965 for the Company.
Please refer to the news releases issued by the Company on December 19, 2013 and February 20, 2014.
Underwriters: | Not Applicable |
Offering: | 990,159 shares |
Share Price: | AUD$0.41 per share |
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SOURCE EXPLORATION CORP. ("SOP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 13, 2014:
Number of Shares: | 5,150,000 shares |
Purchase Price: | $0.075 per share |
Warrants: | 5,150,000 share purchase warrants to purchase 5,150,000 shares |
Warrant Exercise Price: | $0.125 for a one year period |
Number of Placees: | 14 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Nathan Dyll | Y | 50,000 |
Aggregate Pro Group Involvement | P | 1,050,000 |
[3 placees] | ||
Finders' Fees: | PI Financial Corp. receives $4,500 | |
Haywood Securities Inc. receives $4,500 | ||
Jordan Capital Markets Inc. receives $900 | ||
Wolverton Securities Ltd. receives $2,250 | ||
Camille Turner receives $6,750 | ||
Gabriela Gates receives $450 | ||
The Alyris Group receives $2,700 |
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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SUNRIDGE GOLD CORP. ("SGC.WT")
BULLETIN TYPE: New Listing-Warrants, Amendment
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Further to the bulletin dated February 26, 2013, effective at the opening, Monday, February 24, 2014, the supplemental listing of 34,632,254 additional share purchase warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Mineral Exploration' company.
Corporate Jurisdiction: | British Columbia |
Capitalization: | 60,972,954 warrants are issued and outstanding |
Transfer Agent: | Computershare Trust Company of Canada |
Trading Symbol: | SGC.WT |
CUSIP Number: | 86769Q 12 8 |
Each whole warrant entitles the holder to purchase one shares at a price of $0.35 per share and will expire on Wednesday, October 18, 2017.
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WESTERN PLAINS PETROLEUM LTD. ("WPP")
BULLETIN TYPE: Suspend
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Further to the Company's press release dated February 19, 2014, effective at the opening, Friday, February 21, 2014, trading in the shares of the Company will be suspended for failure to maintain Exchange requirements, the Company having less than 3 Directors.
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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XL-ID SOLUTIONS INC. ("XLM")
BULLETIN TYPE: Delist
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
Further to the Company's news releases dated January 27, 2014 and February 13, 2014, the common shares of XL-ID Solutions Inc. (the "Company") will be delisted from TSX Venture Exchange effective at the close of business on Thursday, February 20, 2014.
The delisting of the Company's common shares results from the completion of a capital restructuring and corporate reorganization. On February 13, 2014, the Superior Court of Quebec approved the proposal that was accepted at the meeting of the Company's creditors which took place on January 24, 2014 (the "Proposal").
Under the terms of the Proposal, an amount of $275,000 will be made available to Raymond Chabot Inc., as Trustee, for distribution to creditors in the manner set forth in the Proposal, less an amount not to exceed $75,000 to cover fees and expenses of the Proposal. The Court order authorizes the Company to proceed with the reorganization of the Company's share capital under section 191 of the Canada Business Corporations Act, pursuant to which its outstanding common shares will effectively be cancelled for no consideration and the Company's majority shareholder and only secured creditor, General Financial Corporation, will be the sole shareholder.
SOLUTIONS XL-ID INC. (« XLM »)
TYPE DE BULLETIN : Radiation de la cote
DATE DU BULLETIN : Le 20 février 2014
Société du groupe 2 de TSX Croissance
Suite aux communiqués de presse de la société émis les 27 janvier 2014 et 13 février 2014, les actions ordinaires de Solutions XL-ID inc. (la « société ») seront retirées de la cote de Bourse de croissance TSX à la fermeture des affaires le jeudi 20 février 2014.
La radiation de la cote des actions ordinaires de la société résulte de la réalisation d'une restructuration du capital et réorganisation corporative. Le 13 février 2014, la Cour Supérieure du Québec a approuvé la proposition acceptée à l'assemblée des créanciers de la société tenue le 24 janvier 2014 (la « proposition »).
En vertu des modalités de la proposition, un montant de 275 000 $ sera rendu disponible auprès de Raymond Chabot Inc., en tant que fiduciaire, pour distribution aux créanciers de la manière convenue en vertu de la proposition, moins un montant n'excédant pas 75 000 $ pour couvrir les frais et dépenses de la proposition. L'ordonnance de la Cour autorise la société à procéder à la réorganisation du capital-actions de la société en vertu de la section 191 de la Loi canadienne sur les sociétés par actions, en vertu de laquelle les actions ordinaires en circulation seront annulées sans considération et l'actionnaire majoritaire de la société et seul créancier garanti, General Financial Corporation, sera le seul actionnaire.
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ZURI CAPITAL CORP. ("ZUR.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: February 20, 2014
TSX Venture Tier 2 Company
The shares of the Company were listed on the TSX Venture Exchange on March 20, 2012. 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 March 20, 2014, 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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NEX COMPANIES:
CASPIAN ENERGY INC. ("CKZ.H")
[formerly Caspian Energy Inc. ("CEK.H")]
BULLETIN TYPE: Consolidation, Symbol Change, Shares for Debt
BULLETIN DATE: February 20, 2014
NEX Company
Pursuant to a special resolution passed by shareholders on February 19, 2014, the Company has consolidated its capital on a ten (10) old shares for one (1) new share basis. The name of the Company has not been changed.
Effective at the opening on Friday, February 21, 2014, the common shares of Caspian Energy Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'Oil and Gas' company.
Post - Consolidation | |||
Capitalization: | Unlimited | shares with no par value of which | |
131,295,869 | shares are issued and outstanding after effecting the shares for | ||
debt as described below. | |||
Escrow | Nil | shares | |
Transfer Agent: | Equity Financial Trust Company (Toronto) | ||
Trading Symbol: | CKZ.H (new) | ||
CUSIP Number: | 147664 20 5 (new) |
Shares for Debt:
TSX Venture Exchange has also accepted for filing the Company's proposal to issue 108,319,092 post-consolidated shares at a deemed price of CDN$0.1515 per share or US$0.1396 per share to settle outstanding debt for US$15,120,067.
Number of Creditors: | 3 Creditors |
Insider / Pro Group Participation: | N/A |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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GRENVILLE STRATEGIC ROYALTY CORP. ("GRC")("GRC.WT")
[formerly Troon Ventures Ltd. ("TVN.H")]
BULLETIN TYPE: Reverse Takeover-Completed, Graduation from NEX to TSX Venture, Name Change, Resume Trading, New Listing-Warrants
BULLETIN DATE: February 20, 2014
NEX Company
TSX Venture Exchange (the 'Exchange') has accepted for filing Troon Ventures Ltd.'s (the 'Company' - now Grenville Strategic Royalty Corp.) Reverse Takeover (the 'RTO') and related transactions, all as principally described in its information circular dated January 14, 2014 (the 'Information Circular'). The RTO includes the following matters, all of which have been accepted by the Exchange.
1. Reverse Takeover-Completed:
Pursuant to a Business Combination Agreement (the 'Agreement') executed between Troon Ventures Ltd. and Grenville Strategic Royalty Corp. ('Grenville'), a private Ontario company, on December 17, 2013, the Company undertook a Plan of Arrangement (the 'Arrangement'). Pursuant to the Arrangement, former Troon Ventures Ltd. shareholders received 0.6896 of a Company share and 0.3448 of a share purchase warrant of the Company for each one (1) share held. Pursuant to the Agreement, Grenville shareholders received one (1) share of the Company for one (1) share of Grenville held.
The Exchange has been advised that the Company's Arrangement and the related transactions have received approval from shareholders and have been completed. For additional information please refer to the Information Circular available under the Company's profile on SEDAR.
2. Graduation from NEX to TSX Venture:
Effective at the opening on Friday, February 21, 2014, the Company will graduate from NEX to TSX Venture.
3. Name Change and Resume Trading:
Pursuant to a resolution passed by shareholders February 13, 2014, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening on Friday, February 21, 2014, the common shares of Grenville Strategic Royalty Corp. will commence trading on TSX Venture Exchange, and the common shares of Troon Ventures Ltd. will be delisted. The Company is classified as a Tier 2 'Investment' company.
Corporate Jurisdiction: | British Columbia |
Capitalization: | Unlimited shares with no par value of which |
39,269,856 shares are issued and outstanding | |
Escrow: | 6,712,622 escrowed shares |
Transfer Agent: | Computershare Investor Services Inc. |
Trading Symbol: | GRC (new) |
CUSIP Number: | 39773A100 (new) |
4. New Listing-Warrants:
Effective at the opening on Friday, February 21, 2014, the common share purchase warrants of Grenville Strategic Royalty Corp. will commence trading on the TSX Venture Exchange.
Capitalization of Warrants: | Unlimited warrants with no par value of which |
9,660,538 warrants are issued and outstanding | |
Escrow: | 656,311 escrowed warrants |
Warrant | Trading Symbol: GRC.WT |
Warrant CUSIP Number: | 39773A118 |
The warrants were issued to former Troon Ventures Ltd. shareholders pursuant to the Arrangement. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.42 per share and will expire twenty four (24) months from the effective date of the Arrangement on Friday, February 19, 2016.
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TRUE GRIT RESOURCES LTD. ("TGI.H")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Shares for Debt
BULLETIN DATE: February 20, 2014
NEX Company
TSX Venture Exchange has accepted for filing, an Option Agreement dated January 24, 2014 between the Company and Redstar Gold Corp. whereby the Company has been granted an option to acquire a 100% interest in a total of 10 mineral claim blocks located in Nevada, USA, as well as a data base covering all of the property and additional state claims in Nevada, Utah, Idaho, and California. Total consideration consists of $200,000 cash, the issuance of 2,500,000 common shares, and work expenditures of $750,000; all over a 3 year period to earn a 100% interest in the property and the database. In the first year, $50,000 cash is to be paid each within 5 days of Exchange approval and on or by the first anniversary; 500,000 shares are to be issued each within 5 days of Exchange approval and on or by the first anniversary; and $250,000 of property expenditures to be incurred by the first anniversary.
Insider / Pro Group Participation: N/A
Shares for Debt:
TSX Venture Exchange has also accepted for filing the Company's proposal to issue 2,500,000 shares to settle outstanding debt for $125,000.
Number of Creditors: 6 Creditors
Insider / Pro Group Participation:
Insider=Y / | Amount | Deemed Price | ||
Creditor | Progroup=P | Owing per | Share | # of Shares |
Neon Rainbow Holdings Ltd. | ||||
(Allan Williams) | Y | $25,000 | $0.05 | 500,000 |
Pamicon Developments Ltd. | ||||
(Kevin Milledge 80%, Doug Fulcher 20%) | Y | $50,000 | $0.05 | 1,000,000 |
Venturex Consulting (Jeannine Webb) | Y | $25,000 | $0.05 | 500,000 |
Randy Butchard | P | $10,000 | $0.05 | 200,000 |
David J. McCue | Y | $10,000 | $0.05 | 200,000 |
Kim M. Phillips | Y | $5,000 | $0.05 | 100,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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SOURCE: TSX Venture Exchange
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