TORONTO, June 9, 2014 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: June 9, 2014
NEX Companies
A Temporary Cease Trade Order has been issued by the Ontario Securities Commission on June 9, 2014 against the following companies for failing to file the documents indicated within the required time period:
Symbol | Tier |
Company |
Failure to File |
Period Ending (Y/M/D) |
CAU.H |
NEX |
China Goldcorp Ltd. |
Interim financial statements |
|
for the 3-month period ended |
14/03/31 |
|||
Management's discussion and |
||||
analysis relating to the interim |
||||
financial statements for the 3-month |
||||
period ended |
14/03/31 |
|||
Certification of the foregoing |
||||
filings as required by National |
||||
Instrument 52-109 Certification of |
||||
Disclosure in Issuers' Annual and |
||||
Interim Filings. |
||||
EVC.H |
NEX |
Everfront Ventures Corp. |
Interim financial statements |
|
for the 3-month period ended |
14/03/31 |
|||
Management's discussion and |
||||
analysis relating to the interim |
||||
financial statements for the 3-month |
||||
period ended |
14/03/31 |
|||
Certification of the foregoing |
||||
filings as required by National |
||||
Instrument 52-109 Certification of |
||||
Disclosure in Issuers' Annual and |
||||
Interim Filings. |
Upon revocation of the Temporary Cease Trade Order, the companies' shares will remain suspended until the companies meet TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.
________________________________________
92 RESOURCES CORP. ("NTY")
[formerly Rio Grande Mining Corp. ("RGV")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors on May 13, 2014, the Company has consolidated its capital on a five (5) old for one (1) new basis. The name of the Company has also been changed as follows.
Effective at the opening, Tuesday, June 10, 2014, the common shares of 92 Resources Corp. will commence trading on TSX Venture Exchange, and the common shares of Rio Grande Mining Corp. will be delisted. The Company is classified as a 'junior natural resource - mining' company.
Post - Consolidation
Capitalization: |
Unlimited shares with no par value of which |
3,680,537 shares are issued and outstanding |
|
Escrow: |
nil shares |
Transfer Agent: |
Equity Financial Trust Company |
Trading Symbol: |
NTY (new) |
CUSIP Number: |
654406 10 7 (new) |
________________________________________
BARD VENTURES LTD. ("CBS")
BULLETIN TYPE: Consolidation
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors on May 9, 2014, the Company has consolidated its capital on a three (3) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Tuesday, June 10, 2014, the common shares of Bard Ventures Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Precious Metals Exploration and Development' company.
Post - Consolidation
Capitalization: |
Unlimited shares with no par value of which |
5,703,116 shares are issued and outstanding |
|
Escrow |
Nil shares |
Transfer Agent: |
Valiant Trust Company |
Trading Symbol: |
CBS (UNCHANGED) |
CUSIP Number: |
0673963090 (new) |
________________________________________
CRAIG WIRELESS SYSTEMS LTD. ("CWG")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Note
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 29, 2014:
Convertible Note: |
$3,500,000 |
Conversion Price: |
Convertible into common shares CAD$0.08 of principal outstanding in year one, |
Maturity date: |
2 years from date of closing |
Interest rate: |
12.0% |
Number of Placees: |
1 placee |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | Principal Amount |
T. Boyd Craig |
Y |
$3,500,000 |
Finder's Fee: |
None |
________________________________________
CRITICAL OUTCOME TECHNOLOGIES INC. ("COT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 1, 2014:
Number of Shares: |
8,951,385 common shares |
Purchase Price: |
$0.16 per share |
Warrants: |
8,951,385 share purchase warrants attached to purchase 8,951,385 shares |
Warrant Exercise Price: |
$0.28 for a three year period (April 29, 2016 and June 2, 2016) |
Number of Placees: |
54 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares
|
Aggregate ProGroup Involvement |
P |
1,062,500 |
[5 placees] |
Finder's Fee: |
An aggregate of $73,777.73 plus 461,110 finder's warrants (each exercisable into one common share at a price of $0.22 for a two year period) is payable to Altus Securities Inc., TD Waterhouse Private Client Services, TD Wealth Private Investment Advice and KFL Capital Management Ltd. |
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.
________________________________________
GINGURO EXPLORATION INC. ("GEG")
BULLETIN TYPE: Warrant Term Extension|
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
# of Warrants: | 4,625,000 |
Original Expiry Date of Warrants: |
December 21, 2014 |
New Expiry Date of Warrants: |
December 21, 2015 |
Exercise Price of Warrants: |
$0.15 |
These warrants were issued pursuant to a private placement of 5,250,000 flow through shares with 2,000,000 non flow through shares with an aggregate of 4,625,000 share purchase warrants attached, which was accepted for filing by the Exchange effective January 2, 2013.
________________________________________
HOUSTON LAKE MINING INC. ("HLM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 30, 2014 and closed June 4, 2014:
Number of Securities: |
6,200,000 share units ("Units") |
Each Unit consists of one common share issued on a flow-through basis and one half of one common share purchase warrant |
|
Purchase Price: |
$0.09 per Unit |
Warrants: |
3,100,000 share purchase warrants to purchase 3,100,000 shares |
Warrant Exercise Price: |
$0.13 for up to 24 months from date of issuance |
Number of Placees: |
2 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Units |
Aggregate Pro Group Involvement |
P |
6,200,000 |
[2 placees] |
Finder's Fee: |
$43,200 cash and 480,000 warrants ("Agent Options") payable to EMD Financial Inc. |
$1,440 cash and 16,000 Agent Options payable to Pope & Company Limited |
|
- |
-Each Agent Option is exercisable into one common share at a price of $0.13 for up to 24 months from date of issuance. |
________________________________________
INTERNATIONAL ENEXCO LTD. ("IEC")
BULLETIN TYPE: Amalgamation, Delist
BULLETIN DATE: June 9, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing, an Arrangement Agreement dated April 11, 2014 ("Arrangement Agreement"), whereby Denison Mines Corp. ("Denison Mines") has acquired International Enexco Ltd. ("Enexco") through a Plan of Arrangement and Enexco will transfer certain assets not to remain with Denison Mines to its shareholders to create a new reporting, but not listed issuer ("Spinco"). Pursuant to the Arrangement Agreement:
1. |
All of the shareholders of Enexco will exchange their shares for securities of Denison on the basis of 0.26 of a Denison common share for each common share of Enexco held and for securities of Spinco on the basis of one Spinco share and one warrant of Spinco for each common share of Enexco held. Each Spinco warrant will entitle the holder to acquire 0.50 of a Spinco share at a price of $5.00 per share for a period of six months; |
2. |
Outstanding warrants and options of Enexco will be converted into Denison warrants and options, but the number of shares into which such securities are exercisable will be multiplied by 0.26 and their exercise prices will be divided by 0.26 in accordance with the conversion ratio applicable to the Enexco shares. The term to expiry in relation to the Enexco warrants will remain unchanged while the Enexco options, once converted to Denison options will have a 90 day term; and |
3. |
Additionally, Spinco will issue to holders of warrants and options of Enexco, replacement Spinco options and warrants on the same terms as the Enexco options and warrants, as well as one Spinco warrant for each Enexco option or warrant held. |
Effective at the close of business on Tuesday, June 10, 2014, the common shares will be delisted from TSX Venture Exchange at the request of Enexco pursuant to completion of the Plan of Arrangement.
For further information, please refer to Enexco's Information Circular dated May 2, 2014.
________________________________________
IN-TOUCH SURVEY SYSTEMS LTD. ("INX")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 9, 2014
TSX Venture Tier1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Asset Purchase Agreement (the "Agreement") between the Company and Dodoname Inc. (the "Purchaser"). As per the terms of the Agreement the Company will sell certain intellectual property assets related to 'Privacy Marketing' solution to the Purchaser. The Purchaser will be led by the Company's former CEO and current Executive Chair, Michael Gaffney. In consideration, the Purchaser will issue the Company a total of 4,126,775 shares of the Purchaser at a deemed price of $0.061 per share. The Company will also make a cash investment of $100,000 during fiscal 2014 to cover working capital. For their assets and investments, the Company will retain a 41% ownership in Dodoname Inc.
________________________________________
IVRNET INC. ("IVI")
BULLETIN TYPE: Private Placement – Non-Brokered, Correction
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated June 3, 2014 the bulletin should have read as follows:
Warrant Exercise Price : | $0.07 in the first year |
$0.09 in the second year |
|
$0.12 to the end of year three |
All other aspects of the original bulletin remain the same.
________________________________________
JEMI FIBRE CORP. ("JFI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the acquisition of WoodEx Industries Ltd., Kootenay Wood Preservers Ltd. and Prairie Holdings Inc. in consideration of the issuance of 12,000,000 shares.
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Mike Jenks |
Y |
1,800,000 |
________________________________________
JEMI FIBRE CORP. ("JFI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 9, 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 February 13, 2014, April 2, 2014, May 14, 2014 and May 23, 2014:
Number of Shares: |
13,333,333 shares |
Purchase Price: |
$0.1875 per share |
Warrants: |
13,333,333 share purchase warrants to purchase 13,333,333 shares |
Warrant Exercise Price: |
$0.25 for a five year period |
Number of Placees: |
2 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Mike Jenks |
Y |
10,666,666 |
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.
________________________________________
KNICK EXPLORATION INC. ("KNX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to two acquisition agreements dated May 9, 2014, in connection with the acquisition of 10 mineral claims adjacent to the Trecesson property in the Province of Québec. The consideration payable by the Company consists of the issuance of 300,000 common shares (150,000 per agreement).
The two Vendors will retain each a 2% Net Smelter Royalty for their respective claims, the first half of which (1%) may be repurchased for a sum of $1,000,000 by agreement.
For further information, please refer to the Company's press release dated June 4, 2014.
EXPLORATION KNICK INC. (« KNX »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 9 juin 2014
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents relativement à deux conventions d'acquisitions datées du 9 mai 2014 concernant l'acquisition par la société de 10 claims miniers adjacents à la propriété Trecesson au Québec. La considération payable par la société consiste en l'émission de 300 000 actions ordinaires (150,000 par convention).
Les deux vendeurs conserveront chacun une royauté « NSR » de 2,0 % pour leurs claims respectifs dont une première moitié (1 %) peut être rachetée pour une somme de 1 000 000 $ par convention.
Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 4 juin 2014.
________________________________
NORTHWEST INTERNATIONAL HEALTHCARE PROPERTIES REIT ("MOB.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
Distribution per Trust Unit: |
$0.018333 |
Payable Date: |
July 15, 2014 |
Record Date: |
June 30, 2014 |
Ex-Distribution Date: |
June 26, 2014 |
________________________________________
PACIFIC COMOX RESOURCES LTD. ("PCM.H")
[formerly Pacific Comox Resources Ltd. ("PCM")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective Tuesday, June 10, 2014, 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 Toronto to NEX.
As of June 10, 2014, 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 PCM to PCM.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 Exchange bulletin dated March 7, 2014, trading in the securities of the Company will remain suspended.
_______________________________________
PETROSHALE INC. ("PSH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 7, 2014:
Number of Shares: |
5,000,000 common shares |
Purchase Price: |
$1.30 per share |
Number of Placees: |
25 placees |
Insider / Pro Group Participation:
Insider=Y / | ||
Name | ProGroup=P | # of Shares |
Brett Herman |
Y |
76,924 |
Ken McCagherty |
Y |
230,000 |
Antonio Izzo |
Y |
384,615 |
David Rain |
Y |
384,615 |
Fair Trust (John Fair ) |
Y |
38,462 |
James Fair |
Y |
5,000 |
Alpine Capital Corp. (Bruce Chernoff) |
Y |
2,183,583 |
Jacob Roorda |
Y |
45,000 |
Aggregate Pro-Group Involvement |
P |
307,692 |
[2 placees] |
No Finder's Fee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
________________________________________
Q INVESTMENTS LTD ("QI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing, documentation relating to the Company's acquisition of 500,000 common shares at $0.01 per share of San Angelo Oil Limited pursuant to a private placement of San Angelo.
Insider / Pro Group Participation: N/A
For further information, please refer to the Company's news releases dated May 14, 2014 & May 29, 2014.
________________________________________
QUIA RESOURCES INC. ("QIA")
BULLETIN TYPE: Consolidation
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
The Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening, Tuesday, June 10, 2014, the shares of Quia Resources Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Precious Metals Exploration and Development' company.
Post - Consolidation
Capitalization: |
Unlimited |
shares with no par value of which |
18,167,150 |
shares are issued and outstanding |
|
Escrow |
nil |
shares |
Transfer Agent: |
Equity Financial Trust Company |
|
Trading Symbol: |
QIA |
(UNCHANGED) |
CUSIP Number: |
74839Q203 |
(NEW) |
________________________________________
QUIA RESOURCES INC. ("QIA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,741,656 post-consolidated shares and 818,165 share purchase warrants to settle outstanding debt for $331,915.94.
Number of Creditors: 14 Creditors
Insider / Pro Group Participation:
Insider=Y / | Amount | Deemed Price | ||
Creditor | Progroup=P | Owing | per Share | # of Shares |
Ping Lin |
Y |
$7,609.59 |
$0.07 |
108,708 |
Cavalry Corporate Solutions |
Y |
$61,840.00 |
$0.07 |
883,429 |
Foundation Opportunities Inc. |
Y |
$94,029.74 |
$0.07 |
1,343,282 |
William Richard Brown |
Y |
$19,095.00 |
$0.07 |
272,786 |
Iain Kelso |
Y |
$34,798.47 |
$0.07 |
497,121 |
Warrants: |
818,165 share purchase warrants to purchase 818,165 shares |
|||
Warrant Exercise Price: |
$0.10 for a two year period |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
SMART EMPLOYEE BENEFITS INC. ("SEB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a Share Purchase Agreement (the "Agreement") dated June 6, 2014 between three arm's length parties (collectively, the "Vendors") and Somos Consulting Group Ltd. (the "Subco"), a wholly-owned subsidiary of Smart Employee Benefits Inc. (the "Company"). Pursuant to the Agreement, the Subco shall acquire all the issued and outstanding shares of Stroma Service Consulting Inc. which provides software, consulting and training services as an IT service management company to clients in Canada and the U.S.
In consideration, the Company shall pay an aggregate of $650,000 in cash plus issue a $250,000 convertible vendor take back note (the "Note"), 1,125,000 common shares and 1,000,000 share purchase warrants (each exercisable into one common share at price of $0.50 in year one, $0.55 in year two, $0.60 in year three and $0.70 in year four). The Note bears an interest of 3% per annum with a three year term and is convertible into common shares at a price of $0.50 in the first year, $0.60 in the second year and $0.70 in the third year.
For more information, refer to the Company's news releases dated October 22, 2013 and May 7, 2014.
________________________________________
STRIA LITHIUM INC. ("SRA")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 75,039 common shares at a deemed issue price of $0.16 per share, in settlement of certain services provided to the Company, as announced on June 5, 2014.
Number of Creditor: 1 creditor
___________________________________
VERSAPAY CORPORATION ("VPY")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: June 9, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 158,000 bonus shares to the following insider(s): Craig O'Neill. The proposed share issuance was approved by shareholders on May 28, 2014.
For more information, refer to the Company's news release dated February 28, 2014.
________________________________________
NEX COMPANY:
OCULUS VENTURES CORPORATION ("OVX.H")
BULLETIN TYPE: CPC-Information Circular, Remain Halted - Qualifying Transaction
BULLETIN DATE: June 9, 2014
NEX Company
CPC-Information Circular
TSX Venture Exchange (the "Exchange") has accepted for filing the Company's CPC Information Circular dated May 30, 2014, for the purpose of mailing to shareholders and filing on SEDAR.
Remain Halted - Qualifying Transaction
Further to the Exchange's Bulletin dated April 21, 2014, trading in the shares of the Company will remain halted pending closing of the Qualifying Transaction announced on April 22, 2014.
________________________________________
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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