VANCOUVER, Jan. 7, 2015 /CNW/ -
TSX VENTURES COMPANIES:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: January 6, 2015
TSX Venture Companies
A Cease Trade Order has been issued by the British Columbia Securities Commission on January 6, 2015 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) |
||||
BBM |
2 |
Brandenburg Energy Corp. |
A comparative financial statement |
|
for its financial year ended |
14/08/31 |
|||
A Form 51-102F1 Management's |
||||
Discussion and Analysis for the |
||||
period ended |
14/08/31 |
|||
FAB |
2 |
Flying A Petroleum Ltd. |
Interim financial statements for the |
|
financial period ended |
14/10/31 |
|||
A Form 51-102F1 Management's |
||||
Discussion and Analysis for the |
||||
period ended |
14/10/31 |
|||
SDN |
2 |
Sedex Mining Corp. |
A comparative financial statement |
|
for its financial year ended |
14/08/31 |
|||
A Form 51-102F1 Management's |
||||
Discussion and Analysis for the |
||||
period ended |
14/08/31 |
Upon revocation of the 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.
________________________________________
COHBAR INC. ("COB.U")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
Further to the bulletin dated January 5, 2015, effective at the opening on Thursday, January 8, 2015, trading in the shares of the Company will resume.
________________________________________
CWN MINING ACQUISITION CORP. ("CWN")
[formerly CWN Mining Acquisition Corp. ("CWN.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Property-Asset or Share Purchase Agreement, Private Placement–Non- Brokered
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing CWN Mining Acquisition Corp.'s (the "Company") Qualifying Transaction described in its filing statement (the "Filing Statement") dated December 10, 2014. As a result, effective at the opening on Thursday, January 8, 2015, the trading symbol for the Company will change from CWN.P to CWN and the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following matters, all of which have been accepted by the Exchange.
Acquisition of 100% interest in the TOP Property:
Pursuant to an Option Agreement dated October 31, 2014 between the Company and YES Exploration Syndicate Inc. ("YES Exploration"), the Company was granted the option (the "Option") to earn a 100% interest in the TOP Property, net of a 2% net smelter returns royalty ("NSR"), by:
(a) |
Paying a total of approximately $160,000 to YES Exploration on or before the dates specified below: |
|
(i) |
$10,000 on the dated that is10 days after the date of this Exchange Bulletin (the "Effective Date"); |
|
(ii) |
An additional $20,000 on or before the first anniversary of the Effective Date; |
|
(iii) |
An additional $30,000 on or before the second anniversary of the Effective Date; |
|
(iv) |
An additional $50,000 on or before the third anniversary of the Effective Date; and |
|
(v) |
An additional $50,000 on or before the fourth anniversary of the Effective Date. |
|
(b) |
Issuing to, and in the name of YES Exploration, common shares in the amount of $180,000 on or before the dates specified below: |
|
(i) |
$30,000 worth of common shares at $0.50 per share on the Effective Date; |
|
(ii) |
An additional $20,000 worth of common shares at the higher of the market price or $0.50 (the "Floor Price") per common share on or before the first anniversary of the Effective Date; |
|
(iii) |
An additional $30,000 worth of common shares at the higher of the market price or Floor Price per common share on or before the second anniversary of the Effective Date; |
|
(iv) |
An additional $50,000 worth of common shares at the higher of the market price or Floor Price per common share on or before the third anniversary of the Effective Date; and |
|
(v) |
An additional $50,000 worth of common shares at the higher of the market price or Floor Price per common share on or before the fourth anniversary of the Effective Date; and |
|
(c) |
Financing exploration expenditures totaling a minimum of $300,000 on the TOP Property by the first year anniversary of the Effective Date. |
If the Company exercises the Option and acquires a 100% legal and beneficial interest in the TOP Property, YES Exploration will retain a 2% NSR on the TOP Property. Under the terms of the Option Agreement, CWN was granted the exclusive right and option to purchase one-half of the 2% NSR (i.e. a royalty equal to 1% of net smelter returns) for a total of $250,000, providing the following advance royalty payments are made according to the following schedule:
(a) |
$25,000 on the third anniversary of the Effective Date; |
(b) |
$50,000 on the fourth anniversary of the Effective Date; |
(c) |
$75,000 on the fifth anniversary of the Effective Date; and |
(d) |
$100,000 on the sixth anniversary of the Effective Date. |
The full particulars of the Company's Qualifying Transaction are set forth in the Filing Statement, which has been accepted for filing by the Exchange and which is available under the Company's profile on SEDAR.
Private Placement – Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Private Placement announced December 18, 2014:
Number of Shares: |
8,000,000 |
|
Purchase Price: |
$0.50 |
|
Number of Placees: |
3 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P / |
# of Shares |
Deep Sea Minerals Investment |
||
Limited S.a.r.l. (Wen Hua (Ben) Li) |
Y |
6,000,000 |
Kevin Wen Lai |
Y |
1,500,000 |
Capitalization: |
Unlimited |
shares with no par value of which |
|
12,467,200 |
shares are issued and outstanding |
||
Escrow: |
2,400,000 |
shares are subject to a 36 month staged release escrow under the CPC Escrow Agreement |
|
Transfer Agent: |
Equity Financial Trust Company |
||
Trading Symbol: |
CWN |
(NEW) |
|
CUSIP Number: |
126700 10 3 |
(UNCHANGED) |
The Company is classified as a 'Mineral Exploration' company.
________________________________________
DUNNEDIN VENTURES INC ("DVI")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the 'Exchange') has accepted for filing an option agreement between Dunnedin Ventures Inc. ("Dunnedin"), Gary Thompson and Sorin Posecu (Thompson and Posecu together the "Optionors") dated November 4, 2014 (the "Option Agreement"). Pursuant to the Option Agreement, the Optionors have granted Dunnedin an option to acquire a 100% interest in the Kahuna Diamond Project located in Nunavut. In order to exercise the Option Dunnedin must make cumulative exploration expenditures on the Kahuna Diamond Project totalling $5,000,000 over four years, with a minimum of $400,000 to be spent within the first year of the Option, and no less than $1,000,000 to be spent in each subsequent year of the Option. In addition, the Company must issue 11,000,000 common shares, and pay $700,000 to the Optionors as follows: $50,000 upon execution of the letter of Intent (paid), 2,200,000 shares (issued) and $50,000 on receipt of Exchange approval of the Option (paid), 2,200,000 shares and $100,000 by the first anniversary, 2,200,000 shares and $150,000 by the second anniversary, 2,200,000 shares and $150,000 by the third anniversary, and 2,200,000 shares and $200,000 by the fourth anniversary.
Insider / Pro Group Participation: None
For further information please refer to Dunnedin's news release dated November 12, 2014 which is available under Dunnedin's profile on SEDAR.
________________________________________
LOS ANDES COPPER LTD. ("LA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 24, 2014:
Number of Shares: |
6,590,909 shares |
|
Purchase Price: |
$0.22 per share |
|
Number of Placees: |
1 Placee |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Turnbrook Mining Ltd. |
Y |
6,590,909 |
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.
________________________________________
LOS ANDES COPPER LTD. ("LA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,966,306 shares to settle outstanding debt for $652,587.27.
Number of Creditors: |
2 Creditors |
|||
Insider / Pro Group Participation: |
||||
Insider=Y / |
Amount |
Deemed Price |
||
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
Turnbrook Mining Corp. |
Y |
$608,487.27 |
$0.22 |
2,765,851 |
Zeitler Holdings Ltd. (Klaus Zeitler) |
Y |
$44,100 |
$0.22 |
200,455 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
MARSA ENERGY INC. ("MEP")
BULLETIN TYPE: Halt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
Effective at 5:56 a.m., PST, January 7, 2015, 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.
________________________________________
MARSA ENERGY INC. ("MEP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
Effective at 8:00 A.M., PST, January 7, 2015, shares of the Company resumed trading, an announcement having been made.
________________________________________
RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Halt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
Effective at 6:21 a.m., PST, January 7, 2015, 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.
________________________________________
RADIUS GOLD CORP. ("RDU")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated January 7, 2015, effective at 9:30 a.m., January 7, 2015, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding a Change of Business and/or Reverse Take-Over pursuant to TSXV Listings Policy5.2. 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.
________________________________________
RILEY RESOURCES CORP. ("RLY.P")
BULLETIN TYPE: New Listing-CPC-Shares, Halt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
This Capital Pool Company's ('CPC') Prospectus dated December 19, 2014, has been filed with and accepted by TSX Venture Exchange and each of the British Columbia, Alberta, and Ontario Securities Commissions effective December 23, 2014, pursuant to the provisions of the British Columbia Securities Act. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below.
The Company intends to complete its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering will be $200,000 (2,000,000 common shares at $0.10 per share).
Commence Date: |
At the opening, on Thursday, January 8, 2015, the Common shares will be listed and immediately halted on TSX Venture Exchange. |
||
Corporate Jurisdiction: |
Business Corporations Act (British Columbia) |
||
Capitalization: |
Unlimited |
common shares with no par value of which |
|
7,050,001 |
common shares are issued and outstanding |
||
Escrowed Shares: |
4,800,001 |
common shares |
|
Transfer Agent: |
Computershare Investor Services Inc. (Vancouver) |
||
Trading Symbol: |
RLY.P |
||
CUSIP Number: |
766684 10 4 |
||
Sponsoring Member: |
Haywood Securities Inc. (Vancouver) |
||
Agent's Warrants: |
200,000 non-transferable warrants. One warrant to purchase one share at $0.10 per share up to 24 months. |
||
For further information, please refer to the Company's Prospectus dated December 19, 2014. |
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Company Contact: |
Todd Hilditch (CEO, CFO, President, & Director) |
||
Company Address: |
Suite 1825, 1055 West Hastings Street, Vancouver, British Columbia V6E 2E9 |
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Company Phone Number: |
(604) 443-3831 |
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Company Fax Number: |
(604) 682-3860 |
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Company Email Address: |
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Seeking QT primarily in these sectors: Resource |
________________________________________
SNIPP INTERACTIVE INC. ("SPN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Share Purchase Agreement (the "Agreement") dated January 2, 2015, between Snipp Interactive Inc. (the "Company") and Post CH Ltd. (the "Vendor"), whereby the Company has agreed to acquire all of the issued and outstanding shares of Swiss Post Solutions Ireland Limited – a company that manages paper-based business processes and document processing solutions.
For further details, please refer to the Company's news release dated January 5, 2015.
________________________________________
STELMINE CANADA LTD. ("STH")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 575,093 shares to settle outstanding debt for $28,754.67.
Number of Creditors: |
4 Creditors |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
THE CANADIAN BIOCEUTICAL CORPORATION ("BCC")
BULLETIN TYPE: Halt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
Effective at 6:23 a.m., PST, January 7, 2015, 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.
________________________________________
THE CANADIAN BIOCEUTICAL CORPORATION ("BCC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
Effective at 10:30 A.M., PST, January 7, 2015, shares of the Company resumed trading, an announcement having been made.
________________________________________
THEMAC RESOURCES GROUP LIMITED ("MAC")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,908,000 shares to settle outstanding debt for $145,000.
Number of Creditors: |
6 Creditors |
|||
Insider / Pro Group Participation: |
||||
Insider=Y / |
Amount |
Deemed Price |
||
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
Andrew Maloney |
Y |
$27,500 |
$0.05 |
550,000 |
Kenneth Pickering Mining Cons. |
Y |
$27,500 |
$0.05 |
550,000 |
Barrett Sleeman |
Y |
$22,900 |
$0.05 |
458,000 |
Kevin Maloney |
Y |
$27,500 |
$0.05 |
550,000 |
Mercantile Resource Finance Inc. |
Y |
$27,500 |
$0.05 |
550,000 |
Deborah Peacock |
Y |
$12,500 |
$0.05 |
250,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
VERISANTE TECHNOLOGY, INC. ("VRS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation with respect to a Non-Brokered Private Placement announced December 31, 2014:
Number of Shares: |
3,888,889 shares |
Purchase Price: |
$0.09 per share |
Number of Placees: |
2 Placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
________________________________________
WEALTH MINERALS LTD. ("WML")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 7, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 5,063,283 shares to settle outstanding debt for $1,620,249.85.
Number of Creditors: |
17 Creditors |
|||
Insider / Pro Group Participation: |
||||
Insider=Y / |
Amount |
Deemed Price |
||
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
Bosch Management Inc. |
Y |
$420,000 |
$0.32 |
1,312,500 |
Cardero Resource Corp. |
Y |
$329,449.97 |
$0.32 |
1,029,531 |
Cross Davis & Company LLP |
Y |
$94,762.50 |
$0.32 |
296,133 |
Dawson Geo. Consultants Ltd. |
Y |
$27,262.93 |
$0.32 |
85,197 |
Hendrik Van Alphen |
Y |
$10,429.01 |
$0.32 |
32,591 |
Hendrik Van Alphen |
Y |
$75,496.52 |
$0.32 |
235,927 |
James Dawson |
Y |
$16,000 |
$0.32 |
50,000 |
Lawrence Talbot |
Y |
$58,333.36 |
$0.32 |
182,292 |
Lawrence Talbot Law Corp. |
Y |
$176,452.50 |
$0.32 |
551,414 |
Marla Ritchie |
Y |
$18,900 |
$0.32 |
59,063 |
Marval Office Management Inc. |
Y |
$41,952.83 |
$0.32 |
131,103 |
Maurice Strong |
Y |
$20,000 |
$0.32 |
62,500 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
NEX COMPANY:
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: January 6, 2015
NEX Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on January 6, 2015 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) |
||||
DDM.H |
NEX |
DGS Minerals Inc. |
A comparative financial statement |
|
for its financial year ended |
14/08/31 |
|||
A Form 51-102F1 Management's |
||||
Discussion and Analysis for the |
||||
period ended |
14/08/31 |
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.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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