VANCOUVER, March 28, 2014 /CNW/ -
TSX VENTURE COMPANIES:
ANALYTIXINSIGHT INC. ("ALY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Correction
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
Further to the bulletin dated March 27, 2014, the bulletin has been corrected as follows:
TSX Venture Exchange has accepted for filing documentation in connection with a Letter of Intent between the Company and OneUp Insights Inc. ("OneUp") whereby the Company will acquire all of the issued and outstanding shares of OneUp. Consideration is $150,000 and 3,000,000 common shares of which 1,000,000 is issued upon closing, 1,000,000 is issued six months from closing and 1,000,000 is issued nine months from closing. The shares will be distributed to the shareholders of OneUp as follows:
Capital One Asset Management Limited (Pasquale Di Capo) – 1,500,000 shares
1242564 Ontario Ltd. (Alfonso Di Capo) – 125,000 shares
2010447 Ontario Inc. (David D'Onofrio) – 125,000 shares
RichSocial Partners Ltd. (Robert Halpern) – 1,250,000 shares
________________________________________
ARIAN RESOURCES CORP. ("ARC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Share Purchase Agreement dated March 25, 2014 between Balkan Resources Inc. ("BRC"), Balkan Resources Sh.p.k. ("BRS") and the Company whereby the Company has acquired the issued and outstanding shares of BRS that owns the Perlat exploitation permit that is located in Albania. Consideration is $4,000,000 of which $2,000,000 is payable on June 30, 2014, and $2,000,000 is payable on December 30, 2016, as well as 5,000,000 common shares that are payable upon closing. In addition, the Company must expend a total of $13,218,400 in exploration expenses over a three-year period.
On the date that a concentrate emanating from the Perlat exploitation license has been accepted by a smelter, the Company will make a cash payment of $2,000,000 to BRC and will have the option to either pay BRC a further $3,000,000 or issue 3,000,000 common shares subject to further Exchange review and acceptance. If a concentrate from the license has not been accepted by a smelter by December 31, 2018, then the Company will make a cash payment of $2,000,000.
Dr. Aylin Cecen Asku will receive a finder's fee of 435,000 common shares.
________________________________________
BLACK SPRINGS CAPITAL CORP. ("BSG.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated March 27, 2014, effective at 9:30 a.m., March 28, 2014, 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.
________________________________________
BRADES RESOURCE CORP. ("BRA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 6, 2014:
| Number of Shares: |
4,124,000 shares |
| Purchase Price: |
$0.15 per share |
| Warrants: |
2,062,000 share purchase warrants to purchase 2,062,000 shares |
| Warrant Exercise Price: |
$0.20 for a one year period |
| Number of Placees: |
19 placees |
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Cheryl More |
Y |
450,000 |
| Cyrus Driver |
Y |
350,000 |
| Ryan Kalt |
Y |
1,080,000 |
| Finders' Fees: |
$9,600 cash payable to Jordan Capital Markets Inc. |
| $3,600 cash payable to CIBC World Markets |
|
| $10,000 cash payable to Bertho Holdings Ltd. (Bill Boswell) |
|
| $21,120 cash payable to Edwin Slater |
|
| $2,848 cash payable to SC Strategy Consult AG (Björn Paffrath) |
|
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.
________________________________________
CAYMUS RESOURCES INC. ("CJX.P")
BULLETIN TYPE: Qualifying Transaction-Completed, Delist
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Information Circular dated February 11, 2014.
The Company has completed its Qualifying Transaction whereby the Company has agreed to purchase approximately 363,383 units being offered under a private placement by Tasman Metals Inc. at a price of $1.10 per Tasman unit, for aggregate consideration of approximately $399,721.30, where each Tasman unit shall consist of one common share and one share purchase warrant exercisable for three years at $1.50 per share.
Following completion of the private placement, the Company will distribute the Tasman units pro rata to its shareholders (other than U.S. shareholders who will receive cash in lieu of units) and thereafter to be delisted and dissolved.
Effective at the close of business on Monday, March 31, 2014, the common shares will be delisted from TSX Venture Exchange at the request of the Company, the Company having completed its distribution of the Tasman units pro rata to its shareholders.
Majority of Minority approval has been obtained at the Company's special meeting of shareholders held on March 18, 2014.
For further information please review the Company's Information Circular dated February 11, 2014 and press release dated March 28, 2014.
________________________________________
CHRYSALIS CAPITAL IX CORPORATION ("NYN.P")
BULLETIN TYPE: New Listing-CPC-Shares
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
Reference is made to our bulletin dated March 27, 2014, with respect to the listing of the Company's shares.
We have received confirmation that the closing has occurred. Therefore, the common shares of the Company which were listed at the close of business March 27, 2014, commenced trading upon the Company's confirmation of closing the transaction on Friday, March 28, 2014.
The Company has completed its public offering of securities after the opening of market on March 28, 2014. The gross proceeds received by the Company for the Offering are $614,100 (6,141,000 common shares at $0.10 per share).
________________________________________
CHRYSALIS CAPITAL IX CORPORATION ("NYN.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
Effective at 11:00 a.m., PST, March 28, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
DIAMCOR MINING INC. ("DMI")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 4, 2014, March 12, 2014 and March 24, 2014:
| Number of Shares: |
2,486,558 shares |
| Purchase Price: |
$1.40 per share |
| Warrants: |
1,243,279 share purchase warrants to purchase 1,243,279 shares |
| Warrant Exercise Price: |
$1.80 for a three year period |
| Number of Placees: |
18 placees |
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Aggregate Pro Group Involvement |
P |
5,000 |
| [2 placees] |
||
| Finder's Fee: |
$160,260.07 plus 114, 471 Agent's Warrants exercisable at $1.80 per share until March 11, 2017 is payable to Roth Capital Partners LLC and Euro Pacific Canada Inc. |
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.
________________________________________
HIGHBANK RESOURCES LTD. ("HBK")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 55,000 bonus shares to an arm's length lender in consideration of a loan of US$50,000. The bonus shares are being issued with a deemed price of $0.10 per share.
________________________________________
NOBLE MINERAL EXPLORATION INC. ("NOB")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, March 28, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
RAINMAKER ENTERTAINMENT INC. ("RNK") ("RNK.DB")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s, New Listing-Convertible Debenture(s)
BULLETIN DATE: March 28, 2014
TSX Venture Tier 1 Company
Private Placement
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 18, 2014:
| Convertible Debenture |
$7,500,000 |
| Conversion Price: |
Convertible into common shares at $0.20 per share until March 31, 2016 |
| Maturity date: |
March 31, 2016 |
| Interest rate: |
8% per annum |
| Number of Placees: |
19 placees |
| Insider / Pro Group Participation: |
|
| Insider=Y / |
||
| Name |
ProGroup=P |
Amount |
| Cavan Consulting Limited |
Y |
$150,000 |
| Bryant Pike RRSP |
Y |
$50,000 |
| Michael Hefferon |
Y |
$50,000 |
| Kimberley E. Dent-Wilder |
Y |
$40,000 |
| The McElvaine Investment Trust |
Y |
$300,000 |
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.
New Listing-Convertible Debenture(s)
Effective at the opening, Monday, March 31, 2014, the Debentures of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Film Production' company.
| Corporate Jurisdiction: |
British Columbia |
| Capitalization: |
$13,486,000 |
Debentures with no par value of which are |
| $13,486,000 |
issued and outstanding |
|
| Transfer Agent: |
Computershare Trust Company of Canada |
| Trading Symbol: |
RNK.DB |
| CUSIP Number: |
75087XAA3 |
| Details of the Debenture(s): |
|
| Maturity Date: |
March 31, 2016 |
| Redemption: |
The Debentures may be redeemed at any time up until Maturity Date at the option of the holder. The Debentures are also redeemable by the Company commencing October 15, 2014. |
| Interest: |
The Debentures will bear interest on a quarterly basis at the rate of 8% per annum, March 30, June 29, September 29, and December 30. The first interest payment occurs July 30, 2014 in respect of the period March 31, 2014 to June 29, 2014. |
| Subordination: |
The payment of principal and interest on the Debentures is subordinated in right of payment to the extent set forth in the trust indenture governing the Debentures to the prior payment in full of all existing and future senior indebtedness of the company. |
| Conversion: |
Each Debenture is convertible into common shares of the company at $0.20 at any time prior to the Maturity Date, such that approximately 5,000 common shares will be issued for each $1,000 principal amount of Debentures converted. |
| Interest Start Date: |
March 31, 2014 |
| First Interest Payment: |
July 30, 2014 (for interest accrued March 31, 2014 to June 29, 2014) |
| Clearing and Settlement: |
The Debentures will clear and settle through CDS. |
| Board Lot: |
The Debentures are in denomination of $1,000 and will trade in a board lot size of $1,000 face value. |
________________________________________
SKYHARBOUR RESOURCES LTD. ("SYH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 7, 2014 and March 18, 2014:
| Number of Shares: |
4,862,294 shares |
| Purchase Price: |
$0.15 per share |
| Warrants: |
2,431,147 share purchase warrants to purchase 2,431,147 shares |
| Warrant Exercise Price: |
$0.20 for a two year period |
| Number of Placees: |
45 placees |
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Jordan Trimble |
Y |
25,000 |
| William Trimble |
Y |
166,667 |
| James Pettit |
Y |
34,000 |
| Donald Huston |
Y |
34,000 |
| Aggregate Pro Group |
P |
300,000 |
| [3 placees] |
||
| Finders' Fees: |
Wolverton Securities Ltd. receives $2,177.50 and 14,117 non-transferable warrants, each exercisable for one share at a price of $0.20 for a two year period. |
| Leede Financial Markets Inc. receives $5,250 and 35,000 non-transferable warrants, each exercisable for one share at a price of $0.20 for a two year period. |
|
| Jordan Capital Markets Inc. receives $9,145.50 and 60,970 non-transferable warrants, each exercisable for one share at a price of $0.20 for a two year period. |
|
| Odlum Brown Limited receives $1,575 and 10,500 non-transferable warrants, each exercisable for one share at a price of $0.20 for a two year period. |
|
| Peter Krah receives $3,499.65 and 23,331 non-transferable warrants, each exercisable for one share at a price of $0.20 for a two year period. |
|
| PI Financial Corp. receives $3,150 and 21,000 non-transferable warrants, each exercisable for one share at a price of $0.20 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.]
________________________________________
SPHERE 3D CORPORATION ("ANY")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 21, 2014:
| Convertible Debenture |
US$5,000,000 convertible, redeemable, secured debenture |
| Conversion Price: |
Convertible into common shares at US$7.50 principal amount per share until maturity. |
| Maturity date: |
March 21, 2018 |
| Interest rate: |
8% per annum |
| Number of Placees: |
1 placee |
For further details, please refer to the Company's news release dated March 21, 2014.
________________________________________
TEMEX RESOURCES CORP. ("TME")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 28, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 10, 2014:
| Number of Shares: |
25,223,818 flow through shares |
| Purchase Price: |
$0.11 per share |
| Warrants: |
12,611,909 share purchase warrants to purchase 12,611,909 shares |
| Warrant Exercise Price: |
$0.18 for a two year period |
| Number of Placees: |
6 placees |
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Derrick Weyrauch |
Y |
227,273 |
| Finder's Fee: |
an aggregate of $165,977.20, plus 1,199,834 finders options, each exercisable for a period of two years at a price of $0.11 into one common share and one half of one warrant (each subsequent full warrant exercisable into one common share at a price of $0.18 for a period of two years), payable to M Partners Inc. and Clarus Securities Inc. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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.
________________________________________
NEX COMPANY:
AVA RESOURCES CORP. ("AVS.H")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Delist
BULLETIN DATE: March 28, 2014
NEX Company
TSX Venture Exchange has accepted for filing, the Company's purchase of approximately 668,719 units being offered under a private placement by Tasman Metals Ltd. ("Tasman") at a price of $1.10 per Tasman unit, for aggregate consideration of approximately $735,590.90, where each Tasman unit shall consist of one common share and one share purchase warrant exercisable for three years at $1.50 per share.
Following completion of the private placement, the Company will distribute the Tasman units pro rata to its shareholders (other than U.S. shareholders who will receive cash in lieu of units) and thereafter to be delisted and dissolved.
Effective at the close of business on Monday, March 31, 2014, the common shares will be delisted from TSX Venture Exchange at the request of the Company, the Company having completed its distribution of the Tasman units pro rata to its shareholders.
Majority of Minority approval has been obtained at the Company's special meeting of shareholders held on March 18, 2014.
For further information please review the Company's Information Circular dated February 11, 2014 and press release dated March 28, 2014.
________________________________________
SOURCE: TSX Venture Exchange
For further information: Market Information Services at 1-888-873-8392, or email: [email protected]
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