VANCOUVER, Oct. 7, 2014 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on October 3, 2014 against the following company for failing to file the documents indicated within the required time period:
| Symbol |
Tier |
Company |
Failure to File |
Period |
| Ending |
||||
| (Y/M/D) |
||||
| VMI |
2 |
Vega Mining Inc. |
A comparative financial statements |
|
| for the financial period ended |
14/05/31 |
|||
| A Form 51-102F1 Management's |
||||
| Discussion and Analysis for the |
||||
| period ended |
14/05/31 |
|||
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.
________________________________________
AMERICAN CUMO MINING CORPORATION ("MLY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 20, 2014:
| Number of Shares: |
11,000,000 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
11,000,000 share purchase warrants to purchase 11,000,000 shares |
|
| Warrant Exercise Price: |
$0.10 for a two year period. The warrants are subject to an |
|
| accelerated exercise provision in the event the Company's shares |
||
| trade at or above $0.12 for a period of 10 consecutive trading days. |
||
| Number of Placees: |
26 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Shaun Methven Dykes |
Y |
900,000 |
| Louise Dykes |
Y |
500,000 |
| Dykes Geologic Systems Ltd. |
||
| (Shaun Dykes) |
Y |
800,000 |
| John Moeller |
Y |
500,000 |
| Forgren Associates Inc. |
||
| (John Moeller) |
Y |
1,120,000 |
| Trevor Burns |
Y |
100,000 |
| Joseph Baird |
Y |
250,000 |
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. 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.
________________________________________
AVALA RESOURCES LTD. ("AVZ")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 7, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 28, 2014:
| Convertible Debenture: |
US$750,000 |
|
| Conversion Price: |
Convertible into common shares at $0.04 of principal outstanding |
|
| per share until maturity |
||
| Maturity Date: |
120 days from the date of issuance (principle may be converted |
|
| into common shares up to 180 days after maturity). |
||
| Interest Rate: |
12% per annum for the first US$500,000 |
|
| 15% per annum for the next US$250,000 |
||
| Number of Placees: |
1 placee |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
Amount |
| Dundee Precious Metals Inc. |
Y |
US$750,000 |
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.
________________________________________
CANTEX MINE DEVELOPMENT CORP. ("CD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 9, 2014 and October 3, 2014:
SECOND AND FINAL TRANCHE:
| Number of Shares: |
5,000,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
2,500,000 share purchase warrants to purchase 2,500,000 shares |
| Warrant Exercise Price: |
$0.10 for a two year period |
| Number of Shares: |
5,200,000 Flow-through shares |
| Purchase Price: |
$0.05 per share |
| Number of Placees: |
6 placees |
| Finder's Fee: |
Haywood Securities $3,200 cash and 64,000 broker warrants payable. |
| Dundee Securities Ltd. $4,000 cash and 80,000 broker warrants payable. |
|
| - Each broker warrant is exercisable into one common share at $0.10 for 2 years from closing. |
|
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.]
________________________________________
CHC REALTY CAPITAL CORP. ("CHC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
Effective at 10:30 a.m., PST, October 7, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
CREST PETROLEUM CORP. ("CTP.H")
[formerly Crest Petroleum Corp. ("CTP.P")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Reinstated for Trading
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.4, Capital Pool Companies, the Company has not completed a Qualifying Transaction within the prescribed time frame. Therefore, effective at the opening on October 8, 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 Vancouver to NEX.
As of October 8, 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 CTP.P to CTP.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 TSX Venture Exchange Bulletin dated June 27, 2014, the Company has applied for reinstatement to trading.
Effective at the opening on Wednesday, October 8, 2014, trading will be reinstated in the securities of the Company (CUSIP 22607R 10 1).
_______________________________________
DOUBLEVIEW CAPITAL CORP. ("DBV")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, October 7, 2014\, shares of the Company resumed trading, an announcement having been made.
________________________________________
EVERMOUNT VENTURES INC. ("ETV.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated September 22, 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.
________________________________________
FINLAY MINERALS LTD. ("FYL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 23, 2014:
| Number of Shares: |
2,916,667 flow-through shares |
|
| 1,000,000 non-flow-through shares |
||
| Purchase Price: |
$0.06 per flow-through share |
|
| $0.05 per non-flow-through share |
||
| Warrants: |
1,958,333 share purchase warrants to purchase 1,958,333 shares |
|
| Warrant Exercise Price: |
$0.10 for a two year period |
|
| Number of Placees: |
9 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| John Barakso |
Y |
1,483,334 |
| Baril Developments Ltd. |
||
| (John Barakso) |
Y |
700,000 |
| Aggregate Pro Group |
||
| Involvement [3 placees] |
P |
733,333 |
| Finder's Fee: |
$3,300 payable to Raymond James Ltd. |
|
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.
________________________________________
FISSION URANIUM CORP. ("FCU")
BULLETIN TYPE: Graduation
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening on Wednesday, October 8, 2014, under the symbol "FCU".
As a result of this Graduation, there will be no further trading under the symbol "FCU" on TSX Venture Exchange after close of market October 7, 2014, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
________________________________________
GALORE RESOURCES INC. ("GRI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 7, 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 June 10, 2014 and September 22, 2014:
| Number of Shares: |
2,270,300 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
2,270,300 share purchase warrants to purchase 2,270,300 shares |
|
| Warrant Exercise Price: |
$0.10 for a two year period |
|
| Number of Placees: |
3 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Charles G. Troup |
Y |
1,203,850 |
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.
________________________________________
GEMINI CORPORATION. ("GKX")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: October 7, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Share Purchase Agreement be October 1, 2014 (the "Agreement"), between the Company and three arm's length parties (the "Vendors). As per terms of the Agreement, the Company has acquired all of the issued and outstanding securities of Muskeg Environmental Consulting Ltd, ("Muskeg"), a private, environmental consulting firm employing over 30 professionals and located in Fort St. John, BC, specializing in environmental, remediation and reclamation services for oil and gas clients in north eastern British Columbia. In consideration, the Company will pay up to an aggregate of $5,170,000 to the Vendors, comprised of: (i) $3,520,000 in cash and the issuance of 750,000 common shares of the Company ("Shares") at a deemed price per Share of $0.60 at closing; and (ii) up to three additional payments, each up to $400,000 in cash (the "Earn-out Payments"). The Earn-out Payments will be released over a period of three years from the date of closing (the "Earn-out Period") provided Muskeg meets certain EBITDA Margin targets (collectively, the "Targets") pursuant to the Agreement. An Earn-out Payment can only be achieved once and must be completed within the Earn-out Period. If a specific Target is not met, the corresponding Earn-out Payment will be reduced or forfeited as per terms of the Agreement.
Insider / Pro Group Participation: None
For further information, please see the Company's press release dated October 1, 2014.
________________________________________
GREAT ATLANTIC RESOURCES CORP. ("GR")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 45,200 shares to settle outstanding debt for $9,040.
| Number of Creditors: |
1 Creditor |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
INTEGRA GOLD CORP. ("ICG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 7, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing an asset purchase agreement dated August 25, 2014 (the 'Agreement') between the Company and Samson Belair/Deloitte & Touche Inc. (the 'Receiver'). Pursuant to the terms of the Agreement, the Company will acquire certain assets of Century Mining Corporation relating to the Sigma Lamaque gold mine (the 'Assets'). By way of consideration, the Company will make cash payments totalling $1,250,000 and will issue 25,000,000 shares at a deemed price of $0.25 per share.
Please refer to the Company's news release dated September 3, 2014 for further details.
________________________________________
MCW ENERGY GROUP LIMITED ("MCW")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 213,503 common shares to settle outstanding debt for US$216,157.52.
| Number of Creditors: |
3 Creditors |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
METTRUM HEALTH CORP. ("MT.WT")
BULLETIN TYPE: New Listing-Warrants
BULLETIN DATE: October 7, 2014
TSX Venture Tier 1 Company
Effective at the opening, Wednesday, October 8, 2014, the common share purchase warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Other Crop Farming' company.
| Corporate Jurisdiction: |
Ontario |
|
| Capitalization: |
13,800,000 |
warrants are issued and outstanding |
| Transfer Agent: |
Equity Financial Trust Company |
|
| Trading Symbol: |
MT.WT |
|
| CUSIP Number: |
592689111 |
|
These warrants were issued prior to the completion of a Qualifying Transaction with Mettrum Ltd., which was accepted for filing by the Exchange on October 1, 2014. Each warrant entitles the holder to purchase one common share of the Company at a price of $3.50 per share and will expire on September 30, 2015.
________________________________________
MINERAL MOUNTAIN RESOURCES LTD. ("MMV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 30, 2014:
SECOND TRANCHE
| Number of Shares: |
360,000 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
360,000 share purchase warrants to purchase 360,000 shares |
|
| Warrant Exercise Price: |
$0.09 for a one year period |
|
| Number of Placees: |
6 placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Aggregate Pro Group |
||
| Involvement [1 placee] |
P |
700,000 |
| Finder's Fee: |
$24,010.00 plus 480,200 compensation options to acquire |
|
| 480,200 shares and warrants at $0.05 per unit is payable |
||
| to M Partners 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.
________________________________________
PANORAMA PETROLEUM INC ("PPA")
BULLETIN TYPE: Resume Trading, Reviewable Transaction-Announced
BULLETIN DATE: October 6, 2014
TSX Venture Tier 1 Company
Effective at the open, on Wednesday October 8, 2014, trading in the Company's shares will resume.
This resumption of trading does not constitute acceptance of the Reviewable Transaction, and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The Company is required to submit all of the required initial documentation relating to the transaction. IF THIS DOCUMENTATION IS NOT PROVIDED, OR IS INSUFFICIENT, A TRADING HALT MAY BE RE-IMPOSED.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.
________________________________________
PARKIT ENTERPRISE INC. ("PKT")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,500,000 bonus warrants in consideration of a loan of US$500,000.
________________________________________
PETRO ONE ENERGY CORP. ("POP")
BULLETIN TYPE: Halt
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, October 7, 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.
________________________________________
PINE CLIFF ENERGY LTD. ("PNE")
BULLETIN TYPE: Prospectus- Shares Offering
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange bulletin dated October 2, 2014, the closing will occur on September 23, 2014, for gross proceeds of $60,065,000 and not $65,065,000.
All other details in the bulletin remain unchanged.
________________________________________
TAMARACK VALLEY ENERGY LTD. ("TVE")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced September 3, 2014 and closed September 26, 2014:
| Number of Shares: |
1,280,000 shares issued on a flow-through basis ("FT Share") |
| Purchase Price: |
$7.85 per share |
| Warrants: |
None |
| Number of Placees: |
13 placees |
| Insider / Pro Group Participation: |
None |
| Agent's Fee: |
An aggregate of $502,400 to a syndicate of Underwriters, including Dundee Securities Ltd., National Bank Financial Inc., Macquarie Capital Markets Canada Ltd., GMP Securities L.P., Clarus Securities Inc., Peters & Co. Limited, RBC Dominion Securities Inc. and AltaCorp Capital Inc. |
________________________________________
TANGO GOLD MINES INCORPORATED ("TGV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Acquisition Agreement dated September 30, 2014 between Tango Gold Mines Incorporated (the Company) and (i) African Star Minerals (Pty) Limited, Kwena Mining Projects CC., Kwena Mining and Metallurgical Services CC., Kwena Springlake Projects (Pty) Ltd. (the African Star Companies) and (ii) Kevin Gallagher, Marco Möller, Justin Gallagher, Theodor Boshoff, Hugo Pretorius (the Vendors) whereby the Company will acquire a 51% interest in each of the African Star Companies from the Vendors. Consideration is 49,000,000 common shares of the Company. A finder's fee of US$100,000 and 1,474,522 shares is payable to Velocity Trade Holdings Ltd.
________________________________________
TRIBUTE PHARMACEUTICALS CANADA INC. ("TRX")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: October 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's documentation pertaining to a loan facility (the "Loan") between Tribute Pharmaceuticals Canada Inc. (the "Company") and an arm's length lender (the "Lender"). The Lender has provided a $6,000,000 loan which shall mature on December 31, 2018 and bear an interest rate of LIBOR plus 11.5% per annum.
Additionally, the Exchange has accepted for filing an aggregate bonus of 740,000 bonus warrants (each exercisable into one common share at a price of USD$0.70 with an expiry date of October 1, 2019) to be issued to the Lender in connection with the Loan.
For more information, refer to the Company's news release dated October 2, 2014.
________________________________________
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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