VANCOUVER, Jan. 20, 2015 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: January 19, 2015
| Re: |
Advance Notice of Policy Amendments: |
|
| (a) |
Policy 4.1 – Private Placements |
|
| (b) |
Form 4B – Notice of Private Placement |
|
Effective January 26, 2015, TSX Venture Exchange (the "Exchange") will be implementing amendments to Policy 4.1 – Private Placements ("Policy 4.1") and corresponding amendments to Form 4B – Notice of Private Placement ("Form 4B"). This Notice to Issuers provides an overview of the pending amendments to Policy 4.1 and applicable transitional matters.
Full Text of Amended Policy 4.1 and Form 4B:
The full text of the amended Policy 4.1 along with a blackline to the current version of Policy 4.1 (dated August 14, 2013) are now available on the Exchange's website at the following page:
The full text of the amended Form 4B is available on the Exchange's website at the following page:
Overview of Policy 4.1 Amendments:
The amendments involve a major redrafting of the current version of Policy 4.1. The bulk of the amendments are, however, non-substantive in nature and principally involve: (1) redrafting existing policy requirements to improve clarity, but without changing their scope, nature or intent; (2) reorganizing the existing contents into a more logical format; (3) including new guidance that helps facilitate an understanding of existing policy requirements; (4) formalizing into the written policy existing working practices and considerations that fall within the scope and intent of existing written policy requirements; and (5) removing redundant or irrelevant sections of the policy.
The amendments that are substantive in nature principally involve: (1) correcting oversights in Policy 4.1 related to certain procedural matters; and (2) formalizing into the written policy existing working practices related to certain transactions or considerations that Policy 4.1 is currently silent on. A summary description of these amendments to Policy 4.1 is as follows:
- Expanded Guidance on Notice and Acceptance Procedures (section 1.2): The "Summary of Procedures" section is being expanded to provide more detailed guidance on each of the steps involved in the notice and acceptance process for a private placement, from price reservation through to the publication of the Exchange's bulletin. This includes more clearly mapping out the different steps involved when the issuer intends to close the financing on receipt of the Exchange's conditional acceptance of the private placement as compared to on receipt of the Exchange's final acceptance of the private placement.
- Part and Parcel Pricing Exception (section 1.7): In addition to redrafting this section to facilitate an understanding of the existing pricing rules, it is being clarified that the warrant exercise price premium component of the part and parcel pricing rules does not apply if the private placement is the concurrent financing to a Qualifying Transaction, Reverse Takeover or Change of Business. In other words, the exercise price of warrants issued as part of a concurrent financing to a Qualifying Transaction, Reverse Takeover or Change of Business need not be set at a premium to the applicable Market Price.
- News Releases (section 1.9): Applicable news release requirements are being clarified with expanded guidance being provided. This relates to initial, closing and other news releases that may be applicable to a particular private placement.
- Filing Requirements (section 1.10): Expanded and more detailed guidance in respect of the different filing requirements applicable to an application for conditional acceptance and an application for final acceptance is being added.
- Closing of the Private Placement (section 1.11): Expanded and more detailed guidance in respect of the Exchange's conditions to closing, timeframes for closing and final filing requirements is being added. Of particular note is that it is being clarified that if a private placement involves the creation of a new Insider or a new Control Person, the issuer may not close on subscriptions from those persons until the Exchange has provided its final acceptance to the private placement.
- Amending Convertible Securities (Part 4): A new Part 4 is being added which sets out requirements applicable to obtaining Exchange acceptance for an amendment to the terms of a previously issued Convertible Security (as defined in Policy 4.1), something that Policy 4.1 is currently silent on. The new Part 4 addresses this oversight and is reflective of existing working practices.
- Implementation of V-File and Discontinuation of Expedited Filing System: The Exchange has recently introduced a system that allows for the electronic filing of the information that is currently included in a Form 4B and which also automates certain components of the Exchange's review and acceptance process for private placements. The system, named "V-File", is currently functional and available for use by issuers. V-File is intended to create efficiencies in the review and acceptance process as the transfer of information between the issuer and the Exchange will be quicker and certain aspects of the filing, review and acceptance process will be automated.
With the implementation of V-File, the Exchange is discontinuing the Expedited Private Placement System (by removing Part 5 of the August 14, 2013 version of Policy 4.1) as the ability to file by way of V-File effectively makes the Expedited Private Placement System redundant.
It should be noted that the foregoing is a summary only. The full text of the amended Policy 4.1 should be reviewed to ascertain the full extent of the amendments to Policy 4.1.
Transitional Matters:
Any private placement filings made on or after January 26, 2015 will be subject to the new Policy 4.1. That being said, those amendments to Policy 4.1 that involve a clarification of existing policy requirements (or that are otherwise reflective of existing Exchange working practices) may be relied upon by issuers and applied by the Exchange immediately.
In order to ensure the timely processing of private placement applications, issuers will be required to make use of the new Form 4B effective January 26, 2015. Filings made on or after January 26, 2015 using the old Form 4B may experience delayed processing times and may necessitate the issuer re-filing with the new Form 4B.
If you have any questions about this bulletin and the amendments to Policy 4.1 and Form 4B, please contact: Zafar Khan – Policy Counsel, 604-602-6982, [email protected]
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 19 janvier 2015
| Objet : |
Préavis de modification de politiques |
| a) |
Politique 4.1 – Placements privés |
| b) |
Formulaire 4B – Avis de placement privé |
Le 26 janvier 2015, la Bourse de croissance TSX (la « Bourse ») procédera à la mise en œuvre de modifications de la Politique 4.1 – Placements privés (la « Politique 4.1 ») et de changements correspondants du Formulaire 4B – Avis de placement privé (le « formulaire 4B »). Le présent avis aux émetteurs présente un aperçu des modifications proposées de la Politique 4.1 et des questions connexes liées à la transition.
Texte intégral de la Politique 4.1 et du formulaire 4B modifiés :
Le texte intégral de la Politique 4.1 modifiée ainsi que la version actuelle marquée (datée du 14 août 2013) de celle-ci sont actuellement accessibles sur le site de la Bourse, à l'adresse suivante :
Le texte intégral du formulaire 4B modifié est accessible sur le site de la Bourse, à l'adresse suivante :
Aperçu des modifications apportées à la Politique 4.1 :
Les modifications occasionnent une réécriture majeure de la version actuelle de la Politique 4.1. Toutefois, la plupart de ces modifications sont de nature secondaire et concernent principalement 1) la réécriture des exigences de la politique existante pour accroître leur clarté, sans changement à leur portée, à leur nature ou à leurs objectifs; 2) la réorganisation du contenu existant dans un ordre plus logique; 3) l'ajout de nouvelles directives qui contribuent à faciliter la compréhension des exigences actuelles de la politique; 4) l'officialisation de pratiques et de considérations de travail qui s'intègrent à la portée et aux objectifs des exigences écrites actuelles de la politique; et 5) la suppression de sections répétitives ou non pertinentes de la politique.
Les modifications importantes comportent essentiellement 1) la correction d'omissions de la Politique 4.1 concernant certaines questions procédurales; et 2) l'officialisation de pratiques de travail existantes liées à certaines transactions ou considérations que la version écrite actuelle de la Politique 4.1 ne mentionne pas. Voici le résumé descriptif de ces modifications.
- Indications détaillées au sujet des processus de dépôt d'avis et d'obtention du consentement (paragraphe 1.2) : Le « Résumé des procédures » est étoffé afin qu'il fournisse davantage d'indications pour chacune des étapes du processus de dépôt d'avis et d'obtention du consentement dans le cadre d'un placement privé, de la réservation du prix à la publication du bulletin de la Bourse. Les modifications incluent une description plus détaillée des différentes étapes qui interviennent lorsque l'émetteur souhaite procéder à la clôture du placement privé sur la base du consentement sous condition de la Bourse au lieu de le faire à la réception du consentement définitif de celle-ci.
- Exception relative à la fixation du prix dans le cadre d'un placement privé faisant partie intégrante d'un changement important (paragraphe 1.7) : En plus de la réécriture de ce segment aux fins d'une meilleure compréhension des règles de tarification existantes, il est précisé que le prix d'exercice des bons de souscription n'est pas fixé à prime si le placement privé est un financement concomitant à une opération importante qui est une opération admissible, une prise de contrôle inversée ou un changement dans les activités. Autrement dit, le prix d'exercice des bons de souscription émis dans le cadre d'un placement parallèle à une opération admissible, une prise de contrôle inversée ou un changement dans les activités ne doit pas être fixé à prime par rapport au cours.
- Communiqués (paragraphe 1.9) : Les exigences pertinentes relatives aux communiqués sont clarifiées et des indications supplémentaires sont ajoutées. Celles-ci concernent l'annonce initiale, le communiqué annonçant la clôture et les autres communiqués possiblement applicables dans le cadre d'un placement privé.
- Exigences en matière de dépôt (paragraphe 1.10) : Des directives plus complètes et plus détaillées sont ajoutées concernant les différentes exigences de dépôt applicables à la demande de consentement sous condition et à la demande de consentement définitif.
- Clôture du placement privé (paragraphe 1.11) : Des directives plus complètes et plus détaillées sont ajoutées concernant les conditions de la Bourse à l'égard de la clôture, des délais dans le cadre de la clôture et des dépôts finaux. De manière plus notable, il est indiqué que si le placement privé établit un nouvel initié ou un nouvel actionnaire dominant, l'émetteur ne peut conclure le placement en acceptant les souscriptions de ces personnes avant que la Bourse n'ait accordé son consentement définitif.
- Modifications des titres convertibles (partie 4) : La partie 4 a été réécrite. Elle énonce les exigences applicables à l'obtention du consentement de la Bourse pour la modification des modalités d'un titre convertible émis antérieurement (comme défini à la Politique 4.1), qui sont absentes de la version actuelle de la politique. La nouvelle partie 4 corrige cette omission et décrit les pratiques de travail existantes.
- Adoption du dépôt en format électronique au moyen de V-File et abandon de la procédure de dépôt accéléré pour les placements privés : La Bourse a récemment présenté un système qui permet le dépôt électronique des renseignements actuellement transmis au moyen du formulaire 4B et l'automatisation de certaines composantes de ses processus d'examen et d'obtention du consentement pour les placements privés. Ce système, le V-File, est aujourd'hui fonctionnel et prêt à être utilisé par les émetteurs. Le V-File doit créer des efficiences au sein des processus d'examen et d'obtention du consentement : la transmission de renseignements entre les émetteurs et la Bourse sera plus rapide et certains aspects des processus de dépôt d'avis, d'examen et d'obtention du consentement seront automatisés.
Avec la mise en œuvre du dépôt par V-File, la Bourse abandonne l'ancienne procédure de dépôt accéléré pour les placements privés, rendue superflue, et supprime la partie 5 de la version du 14 août 2013 de la Politique 4.1.
Prière de noter que ce qui précède ne constitue qu'un résumé. Les émetteurs doivent examiner le texte intégral de la Politique 4.1 modifiée et mesurer l'importance des modifications.
Questions liées à la transition :
Tout placement privé effectué à compter du 26 janvier 2015 sera assujetti à la nouvelle Politique 4.1. Ainsi, dès à présent les émetteurs peuvent s'en remettre aux modifications de la Politique 4.1 visant la clarification de ses exigences actuelles, ou à celles concernant par ailleurs des pratiques de travail existantes à la Bourse, et cette dernière peut appliquer ces modifications.
Afin d'assurer le traitement en temps opportun des demandes de placements privés, les émetteurs doivent utiliser le nouveau formulaire 4B à compter du 26 janvier 2015. Les dépôts effectués à compter du XX janvier 2015 auxquels est joint l'ancien formulaire 4B pourraient faire l'objet de délais de traitement et devoir être répétés par l'émetteur, cette fois accompagnés du nouveau formulaire 4B.
Pour toute question concernant le présent bulletin ainsi que les modifications apportées à la Politique 4.1 et au formulaire 4B, veuillez communiquer avec Zafar Khan, conseiller juridique en matière de politiques, par téléphone, au 604 602-6982 ou par courriel, à [email protected].
________________________________________
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: January 19, 2015
Re: Advance Notice of Policy Amendments: Policy 5.1 – Loans, Loan Bonuses, Finder's Fees and Commissions
Effective January 26, 2015, TSX Venture Exchange (the "Exchange") will be implementing amendments to Policy 5.1 – Loans, Loan Bonuses, Finder's Fees and Commissions ("Policy 5.1"). This Notice to Issuers provides an overview of the pending amendments to Policy 5.1 and applicable transitional matters.
Full Text of Amended Policy 5.1:
The full text of the amended Policy 5.1 along with a blackline to the current version of Policy 5.1 (dated August 14, 2013) are now available on the Exchange's website at the following page:
Overview of Policy 5.1 Amendments:
The amendments involve a major redrafting of the current version of Policy 5.1. The bulk of the amendments are, however, non-substantive in nature and principally involve: (1) redrafting existing policy requirements to improve clarity, but without changing their scope, nature or intent; (2) reorganizing the existing contents into a more logical format; (3) including new guidance that helps facilitate an understanding of existing policy requirements; and (4) formalizing into the written policy existing working practices and considerations that fall within the scope and intent of existing written policy requirements.
The amendments that are substantive in nature principally involve: (1) formalizing into the written policy new or existing working practices and considerations that, to a degree, may vary existing written policy requirements; and (2) creating new requirements and limitations to address specific circumstances involving loan bonuses, finder's fees and commissions that are not currently addressed within the existing Policy 5.1. A summary description of these amendments to Policy 5.1 is as follows:
| 8. |
Revised Loan Bonus Requirements and Limitations (section 2.2): The following key changes are being made to the existing requirements and limitations on loan bonuses: |
|
| a. |
The limits for both bonus shares and bonus warrants will now be calculated using the applicable Market Price instead of the Discounted Market Price. |
|
| b. |
The limit on bonus warrants is being increased from 40% to 100% of the value of the loan (i.e. 100% warrant coverage). This, combined with the change in (a) above, addresses an existing discrepancy between the Exchange's limit on detachable warrants issued in connection with a convertible debenture (as set forth in Policy 4.1 – Private Placements) and the current limit on bonus warrants issued in connection with a non-convertible loan. |
|
| c. |
In general, bonus shares will no longer be permitted on loans having a term of less than one year. |
|
| d. |
Provisions related to the acceptability of a loan bonus for loan renewals or extensions are being formalized (section 2.2(d)). |
|
| 9. |
Restrictions on Finding Oneself (sections 3.2(c) and (d)): The Exchange is formalizing restrictions on the ability of an issuer to pay either: (a) a commission to an investor in respect of such person's own investment in the issuer; or (b) a finder's fee to a vendor or purchaser in respect of such person's sale or purchase of assets or services to or from the issuer. Specified exceptions to this general rule are set out in section 3.2(d) of Policy 5.1. |
|
| 10. |
Commission Limitations (section 3.4): Section 3.4 is being amended to specifically clarify that if a commission (or other form of compensation) payable by an issuer in respect of a financing transaction includes shares or warrants, the aggregate value of the shares and warrants cannot exceed 12.5% of the gross proceeds of the financing. For these purposes, one warrant will be valued as one-half of a share (i.e. the existing 25% limit on warrants under section 3.4 remains unchanged). |
|
It should be noted that the foregoing is a summary only. The full text of the amended Policy 5.1 should be reviewed to ascertain the full extent of the amendments to Policy 5.1.
Transitional Matters:
Any transactions that are filed with the Exchange on or after January 26, 2015 will be subject to the new Policy 5.1, as applicable. That being said, those amendments to Policy 5.1 that involve a clarification of existing policy requirements (or that are otherwise reflective of existing Exchange working practices) may be relied upon by issuers and applied by the Exchange immediately. In addition, the more liberal limitation on bonus warrants for loans may be relied upon by issuers immediately.
If you have any questions about this bulletin and the amendments to Policy 5.1, please contact: Zafar Khan – Policy Counsel, 604-602-6982, [email protected]
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 19 janvier 2015
Objet : Préavis de modification de politiques : Politique 5.1 – Emprunts, primes dans le cadre d'emprunts, honoraires d'intermédiation et commissions
Le 26 janvier 2015, la Bourse de croissance TSX (la « Bourse ») procédera à la mise en œuvre de modifications de la Politique 5.1 – Emprunts, primes dans le cadre d'emprunts, honoraires d'intermédiation et commissions (la « Politique 5.1 »). Le présent avis aux émetteurs présente un aperçu des modifications proposées de la Politique 5.1 et des questions connexes liées à la transition.
Texte intégral de la Politique 5.1 modifiée :
Le texte intégral de la Politique 5.1 modifiée ainsi que la version actuelle marquée (datée du 14 août 2013) de celle-ci sont actuellement accessibles sur le site de la Bourse, à l'adresse suivante :
Aperçu des modifications de la Politique 5.1 :
Les modifications occasionnent une réécriture majeure de la version actuelle de la Politique 5.1. Toutefois, la plupart de ces modifications sont de nature secondaire et concernent principalement 1) la réécriture des exigences de la politique existante pour accroître leur clarté, sans changement à leur portée, à leur nature ou à leurs objectifs; 2) la réorganisation du contenu existant dans un ordre plus logique; 3) l'ajout de nouvelles directives qui contribuent à faciliter la compréhension des exigences actuelles de la politique; et 4) l'officialisation de pratiques et de considérations de travail qui s'intègrent à la portée et aux objectifs des exigences écrites actuelles de la politique.
Les modifications importantes comportent essentiellement 1) l'officialisation de pratiques ou de considérations de travail nouvelles ou existantes qui peuvent, dans une certaine mesure, différer des exigences écrites actuelles de la Politique 5.1; et 2) l'établissement de nouvelles exigences et de nouveaux plafonds en vue de circonstances précises, non spécifiées dans l'actuelle Politique 5.1, qui donnent lieu à des primes dans le cadre d'emprunts et à des honoraires et commissions d'intermédiation. Voici le résumé descriptif de ces modifications.
| 11. |
Exigences et plafonds révisés pour les primes dans le cadre d'emprunts (paragraphe 2.2) : Les modifications importantes suivantes sont apportées aux exigences et plafonds existants en matière de primes dans le cadre d'emprunts. |
|
| a. |
Les plafonds, à la fois pour les actions émises à titre de prime et les bons de souscription émis à titre de prime, seront établis au moyen du cours en vigueur et non plus au moyen du cours escompté. |
|
| b. |
Le plafond relatif aux bons de souscription émis à titre de prime augmente et passe de 40 % à 100 % du montant total de l'emprunt (c'est-à-dire à la couverture totale [100 %] des bons de souscription). Cette modification, de concert avec la modification présentée en a) ci-dessus, corrige une incohérence existante entre le plafond de la Bourse relatif aux bons de souscription détachables émis avec des débentures convertibles (comme évoqué à la Politique 4.1 – Placements privés) et le plafond courant relatif aux bons de souscription émis dans le cadre d'un emprunt de titres non convertibles. |
|
| c. |
En général, les actions émises à titre de prime ne seront plus permises dans le cadre d'emprunts d'une durée inférieure à un an. |
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| d. |
Les dispositions relatives à l'acceptabilité des primes dans le cadre d'emprunts dans le contexte du renouvellement ou de la reconduction de ces emprunts sont officialisées à l'alinéa 2.2d). |
|
| 12. |
Restrictions relatives au versement de commissions ou d'honoraires d'intermédiation (alinéas 3.2c) et 3.2d)) : La Bourse officialise des restrictions applicables à la capacité d'un émetteur de verser a) une commission à un investisseur relativement à l'investissement de ce dernier dans l'émetteur ou b) des honoraires d'intermédiation à un vendeur ou à un acheteur relativement à la vente ou à l'achat d'actifs ou de services effectués entre cette personne et l'émetteur. Des exceptions précises à cette règle générale sont énoncées à l'alinéa 3.2d) de la Politique 5.1. |
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| 13. |
Plafond de la commission (paragraphe 3.4) : Le paragraphe 3.4 est modifié de sorte qu'il indique clairement que si une commission (ou toute autre forme de rémunération) payable par un émetteur relativement à une opération de financement comprend des actions ou des bons de souscription, la valeur totale de ces titres ne peut dépasser 12,5 % du produit brut du financement. Aux fins de ce calcul, chaque bon de souscription aura une valeur égale à 50 % de la valeur attribuée à une action (le plafond actuel de 25 % relatif aux bons de souscription demeure inchangé au titre du paragraphe 3.4). |
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Prière de noter que ce qui précède ne constitue qu'un résumé. Les émetteurs doivent examiner le texte intégral de la Politique 5.1 modifiée et mesurer l'importance des modifications.
Questions liées à la transition :
Toute transaction pour laquelle une demande est déposée auprès de la Bourse à compter du 26 janvier 2015 sera assujettie à la nouvelle Politique 5.1, le cas échéant. Dès à présent, les émetteurs peuvent s'en remettre aux modifications de la Politique 5.1 visant la clarification de ses exigences actuelles, ou à celles concernant par ailleurs des pratiques de travail existantes à la Bourse, et cette dernière peut appliquer ces modifications. De même, le plafond plus élevé relatif aux bons de souscription émis à titre de prime dans le cadre d'emprunts s'applique immédiatement.
Pour toute question concernant le présent bulletin ainsi que les modifications apportées à la Politique 5.1 et au formulaire 4B, veuillez communiquer avec Zafar Khan, conseiller juridique en matière de politiques, par téléphone, au 604 602-6982 ou par courriel, à [email protected].
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AEGEAN METALS GROUP INC. ("AGN")
BULLETIN TYPE: Plan of Arrangement, Delist
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an Arrangement Agreement dated November 4, 2014 (the "Agreement") between Aegean Metals Group Inc. ("Aegean") and Mariana Resources Limited ("Mariana") pursuant to which Mariana will acquire all of the issued and outstanding common shares of Aegean (the "Aegean Shares") by way of a statutory Plan of Arrangement (the "Arrangement"). Under the terms of the Agreement, each Aegean shareholder of record on the record date (see below) will receive 1.902 ordinary shares of Mariana for every one Aegean Share held.
Mariana will also either acquire all of the outstanding options to acquire Aegean Shares ("Aegean Options") in consideration of the issuance of options to acquire Mariana Shares ("Mariana Options"), or, alternatively, Mariana will assume the Aegean Options as effective Mariana Options. Mariana will also either acquire all of the outstanding warrants to acquire Aegean Shares ("Aegean Warrants") in consideration of the issuance of warrants to acquire Mariana Shares ("Mariana Warrants"), or, alternatively, Mariana will assume the Aegean Warrants as effective Mariana Warrants. The Mariana Options and the Mariana Warrants issued, or the Aegean Options and Mariana Warrants assumed, will have substantially similar terms and conditions as the securities that they replace.
The Exchange has been advised that approval of the Arrangement by shareholders of Aegean was received at a special meeting of the shareholders held on January 6, 2015 and that approval of the Arrangement was received from the Supreme Court of British Columbia on January 14, 2015. The full particulars of the Arrangement are set forth in Aegean's Management Information Circular dated December 3, 2014 which is available under Aegean's profile on SEDAR.
Aegean and Mariana made the Arrangement effective on January 16, 2015.
| Record Date: January 27, 2015 |
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| Ex-Date: January 23, 2015 |
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| Payable Date: January 30, 2015 |
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| Delisting: |
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| In conjunction with the closing of the Arrangement, Aegean has requested that its common shares be delisted. Accordingly, effective at the close of business on Tuesday, January 20, 2015, the common shares of Aegean will be delisted from the Exchange. |
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| Insider / Pro Group Participation: None. |
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ANGEL GOLD CORP. ("ANG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
Effective at the open, Wednesday, January 21, 2015, trading in Angel Gold Corp. ("Angel") common shares will resume, satisfactory documentation having been received by the Exchange in respect of the option agreement between Mineros S.A and Angel Gold S.A.S. under which Angel has the option to acquire 100% of the "El Porvenir" gold property (the "Property"). This Property is comprised of approximately 5,945 hectares and is situated within the Segovia-Remedios gold belt in the Department of Antioquia in Colombia (the "Reviewable Transaction").
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. Camino is required to submit all of the required documentation relating to the Reviewable Transaction.
Completion of the Reviewable Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There is a risk that the Reviewable Transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance.
For further information, please see the news release dated November 24, 2014 which is available under Angel's profile on SEDAR.
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BAYHORSE SILVER INC. ("BHS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 23, 2014:
| Number of Shares: |
2,200,000 shares |
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| Purchase Price: |
$0.05 per share |
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| Warrants: |
2,200,000 share purchase warrants to purchase 2,200,000 shares |
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| Warrant Exercise Price: |
$0.10 for a two year period |
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| Number of Placees: |
10 Placees |
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| Insider / Pro Group Participation: |
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| Insider=Y / |
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| Name |
ProGroup= |
# of Shares |
|
| Graeme O'Neill |
Y |
300,000 |
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| Finder's Fee: |
PI Financial Corp. - $2,450 and 49,000 Agent's Warrants that are exercisable into common shares at $0.10 per share for a 24 month period. |
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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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BRAVEHEART RESOURCES INC. ("BHT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 30, 2014 and January 16, 2015:
| Number of Shares: |
2,659,000 flow-through shares and |
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| 2,605,800 non flow-through shares |
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| Purchase Price: |
$0.05 per share |
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| Warrants: |
3,935,300 share purchase warrants to purchase 3,935,300 shares |
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| Warrant Exercise Price: |
$0.10 for an eighteen (18) month period |
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| Number of Placees: |
11 Placees |
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| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| Alex Falconer |
Y |
1,524,000 |
|
| R. Brian Murray |
Y |
700,000 |
|
| David W. Johnston |
Y |
360,000 |
|
| Jim Decker & Associates Inc. |
Y |
600,000 |
|
| Rick Moscone |
Y |
800,000 |
|
| Finder's Fee: |
$1,740 in cash and 34,800 finders' warrants payable to Foster & Associates Financial Services Inc. Each finder's warrant entitles the holder to acquire one common share at $0.10 for an eighteen (18) month period. |
||
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.
For further details, please refer to the Company's news releases dated December 30, 2014 and January 16, 2015.
________________________________________
CAMINO MINERALS CORPORATION ("COR")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement, Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a share purchase agreement dated November 17, 2014 (the "Agreement") among Camino Minerals Corporation ("Camino"), Kenneth McNaughton, Joseph Ovsenek, Kenneth Konkin and Jorge Arevalo (the "Vendors") under which Camino has agreed to acquire all of the issued and outstanding shares of Minquest Peru S.A.C. ("Minquest"). Under the terms of the Agreement, Camino will acquire all of the shares of Minquest in consideration of the issuance of 5,000,000 common shares in the capital of Camino to the Vendors. Minquest is a private Peruvian corporation that owns the Plata Dorada copper, gold, silver property in the Department of Cuzco, Peru. Plata Dorada is located 158 kilometers east of the city of Cuzco
| Insider / Pro Group Participation: |
None |
||
| For further information please refer to Camino's news release dated November 18, 2014 which is available under Camino's profile on SEDAR. |
|||
| Private Placement-Non-Brokered |
|||
| The Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 18, 2014: |
|||
| Number of Shares: |
5,650,000 shares |
||
| Purchase Price: |
$0.10 per share |
||
| Number of Placees: |
26 Placees |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| R.E. Gordon Davis |
Y |
750,000 |
|
| Aggregate Pro-Group Involvement |
P |
850,000 |
|
| [2 Placees] |
|||
| Finder's Fee: |
$11,400 cash payable to Haywood Securities Inc. |
||
| $3,000 cash payable to Wolverton Securities |
|||
| $2,220 cash payable to Richardson GMP |
|||
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), Camino must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Camino must also issue a news release if the private placement does not close promptly.
________________________________________
DESERT GOLD VENTURES INC. ("DAU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 27, 2014:
| Number of Shares: |
8,000,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
8,000,000 share purchase warrants to purchase 8,000,000 shares |
| Warrant Exercise Price: |
$0.05 for a five year period |
| Number of Placees: |
4 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).
________________________________________
EAGLE HILL EXPLORATION CORPORATION ("EAG")
BULLETIN TYPE: Consolidation
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by January 9, 2015, the Company has consolidated its capital on a (20) twenty old for (1) one new basis. The name of the Company has not been changed.
Effective at the opening, Wednesday, January 21, 2015, the common shares of Eagle Hill Exploration Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration/Development' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 23,843,766 |
shares are issued and outstanding |
|
| Escrow |
Nil |
shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
EAG |
(UNCHANGED) |
| CUSIP Number: |
26959U406 |
(NEW) |
________________________________________
EL TIGRE SILVER CORP. ("ELS")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 168,000 shares to settle outstanding debt for $42,000.
Number of Creditors: 1 Creditor
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
ENHANCED OIL RESOURCES INC. ("EOR")
BULLETIN TYPE: Consolidation
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
Pursuant to a resolution passed by the directors of the Company on January 15, 2015, 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 on Wednesday, January 21, 2015, the shares of Enhanced Oil Resources Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'Oil and Gas Extraction' company.
Post - Consolidation
________________________________________
| Capitalization: |
Unlimited |
shares with no par value of which |
| 16,018,631 |
shares are issued and outstanding |
|
| Escrow |
Nil |
shares are subject to escrow |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
EOR |
(UNCHANGED) |
| CUSIP Number: |
29333E205 |
(NEW) |
HRT PARTICIPACOES EM PETROLEO S.A. ("HRP")
BULLETIN TYPE: Halt
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
Effective at 12:08 P.M., PST, January 20, 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.
________________________________________
KESTREL GOLD INC. ("KGC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 10, 2014:
| Number of Shares: |
570,000 flow-through shares |
| Purchase Price: |
$0.05 per unit |
| Warrants: |
570,000 share purchase warrants to purchase 570,000 common shares |
| Warrant Exercise Price: |
$0.10 for a one year period |
| Number of Placees: |
3 Placees |
| No Insider / Pro Group Participation |
|
| 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.
________________________________________
LATIN AMERICAN MINERALS INC. ("LAT")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: January 20, 2015
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: |
5,000,000 |
| Original Expiry Date of Warrants: |
February 4, 2015 |
| New Expiry Date of Warrants: |
February 4, 2016 |
| Exercise Price of Warrants: |
$0.20 |
These warrants were issued pursuant to a private placement of 5,000,000 shares with 5,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective February 6, 2013.
________________________________________
MEDGOLD RESOURCES CORP. ("MED")
BULLETIN TYPE: Convertible Debenture Amendment
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Convertible Debenture Private Placement announced February 8, 2013 and accepted for filing by the Exchange April 12, 2013:
| Convertible Debenture: |
$975,000 |
| Original Conversion Price: |
Convertible into units consisting of 1 common share and 1 common share purchase warrant at $0.15 of principal outstanding for a two year term. |
| Amended Conversion Price: |
$0.45 (post 3:1 consolidation) |
| Original Maturity date: |
April 11, 2015 |
| Amended Maturity date: |
April 11, 2017 |
| Original Warrant Terms: |
Each warrant will have a term of one year from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.15. |
| Amended Warrant Terms: |
Warrants expired April 12, 2014. |
| Interest rate: |
8% per annum. |
________________________________________
MIRACULINS INC. ("MOM")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 133,660 shares to settle outstanding debt for $32,746.70.
| Number of Creditors: |
2 Creditors |
|||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Christopher Moreau |
Y |
$20,576.32 |
$0.245 |
83,985 |
| Paul Moreau |
Y |
$12,170.38 |
$0.245 |
9,675 |
For further information, please refer to the Company's news release dated December 29, 2014.
________________________________________
MONARQUES GOLD CORPORATION ("MQR") ("MQR.WT")
[formerly Monarques Resources Inc. ("MQR") ("MQR.WT")]
BULLETIN TYPE: Name Change
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
The Company has changed its name from Monarques Resources Inc. to Monarques Gold Corporation. There is no consolidation of capital.
Effective at the opening on Wednesday, January 21, 2015, the common shares and listed warrants of Monarques Gold Corporation will commence trading on TSX Venture Exchange and the common shares and listed warrants of Monarques Resources Inc. will be delisted. The Company is classified as an "Other Support Activities for Mining" issuer (NAICS Number: 213119).
| Common shares |
||
| Capitalization: |
Unlimited shares with no par value of which |
|
| 79,871,765 shares are issued and outstanding |
||
| Escrow: |
128,206 shares |
|
| Transfer Agent: |
Computershare Investor Services Inc., Montreal and Toronto |
|
| Trading Symbol: |
MQR |
(UNCHANGED) |
| CUSIP Number: |
60918T101 |
(NEW) |
| Warrants ("MQR.WT") |
||
| Capitalization: |
9,171,400 warrants are issued and outstanding |
|
| Transfer Agent: |
Computershare Trust Company of Canada, Montreal and Toronto |
|
| Trading Symbol: |
MQR.WT |
(UNCHANGED) |
| CUSIP Number: |
60918T119 |
(NEW) |
| Warrants Exercise Price: |
$0.30 per common share |
(UNCHANGED) |
| Warrants Maturity: |
December 14, 2015 |
(UNCHANGED) |
CORPORATION AURIFERE MONARQUES (« MQR ») (« MQR.WT »)
Anciennement Ressources Monarques Inc. (« MQR ») (« MQR.WT »)]
TYPE DE BULLETIN : Changement de dénomination sociale
DATE DU BULLETIN : Le 20 janvier 2015
Société du groupe 2 de TSX Croissance
La société a modifié sa dénomination sociale de Ressources Monarques Inc. à Corporation Aurifère Monarques. Il n'y a pas de regroupement du capital-actions.
Les actions ordinaires et les bons de souscription cotés de Corporation Aurifère Monarques seront admis à la négociation de Bourse de croissance TSX à l'ouverture des affaires mercredi le 21 janvier 2015 et les actions ordinaires et les bons de souscription cotés de Ressources Monarques Inc. seront retirés de la cote. La société est catégorisée dans le secteur « Autres activités de soutien à l'extraction minière » (numéro de SCIAN : 213119).
Actions ordinaires
| Capitalisation : |
Un nombre illimité d'actions ordinaires sans valeur nominale, dont 79 871 765 actions sont émises et en circulation |
|
| Titres entiercés : |
128 206 actions |
|
| Agent des transferts : |
Services aux investisseurs Computershare Inc., Montréal et Toronto |
|
| Symbole au téléscripteur : |
MQR |
(SANS CHANGEMENT) |
| Numéro de CUSIP : |
60918T101 |
(NOUVEAU) |
| Bons de souscription (« MQR.WT ») |
||
| Capitalisation : |
9 171 400 bons de souscription sont émis et en circulation |
|
| Agent des transferts : |
Société de fiducie Computershare du Canada, Montréal et Toronto |
|
| Symbole au téléscripteur : |
MQR.WT |
(SANS CHANGEMENT) |
| Numéro de CUSIP : |
60918T119 |
(NOUVEAU) |
| Prix d'exercice des bons : |
0,30 $ par action |
(SANS CHANGEMENT) |
| Échéance des bons : |
14 décembre 2015 |
(SANS CHANGEMENT) |
___________________________________
MUSTANG MINERALS CORP. ("MUM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 20, 2014 and January 12, 2015:
| Number of Shares: |
13,099,999 flow-through shares |
|
| 1,602,411 non-flow-through shares |
||
| 3,291,664 non-flow-through shares |
||
| 8,375,000 non-flow-through shares |
||
| Purchase Price: |
$0.015 per flow-through share |
|
| $0.03 per non-flow-through share |
||
| $0.015 per non-flow-through share |
||
| $0.01 per non-flow-through share |
||
| Number of Placees: |
13 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Western Areas Ltd. |
Y |
6,549,075 |
| Finder's Fee: |
An aggregate of $6,545 plus 436,333 finder's shares is payable to PI Financial, BMO Nesbitt Burns, Europac Securities and Foster & Association. |
|
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.
________________________________________
OREX MINERALS LTD. ("REX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 15, 2015:
| Number of Shares: |
4,800,000 shares |
||
| Purchase Price: |
$0.25 per share |
||
| Number of Placees: |
6 Placees |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| 683192 BC Ltd. (Gary Cope) |
Y |
3,740,000 |
|
| Ross Wilmot |
Y |
100,000 |
|
| Stillwater Enterprises Ltd. |
Y |
100,000 |
|
| Finder's Fee: |
48,000 common shares payable to Joe Douglas Hale |
||
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.
________________________________________
PEPCAP VENTURES INC. ("WAV.P")
BULLETIN TYPE: Notice – QT Not Completed – Approaching 24 Months of Listing
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on February 20, 2013. The Company being 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. Failure to complete a QT by its 24 month deadline date of February 20, 2015 may result in the Company's trading status being changed to a halt or suspension without further notice, in accordance with Exchange Policy 2.4, Section 14.6.
________________________________________
SLAM EXPLORATION LTD. ("SXL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 17, 2014 and closed on December 11, 2014:
| Number of Securities: |
3,890,000 common share units ("Units") |
||
| 2,410,000 flow-through units ("FT Units") |
|||
| Each Unit is cpromised of one common share and one-half of one Warrant. Each FT Unit is comprised of one common share issued on a "flow-through" basis and one-half of one Warrant |
|||
| Purchase Price: |
$0.05 per Unit |
||
| $0.05 per FT Unit |
|||
| Warrants: |
3,150,000 share purchase warrants to purchase 3,150,000 shares |
||
| Warrant Exercise Price: |
$0.05 for a period of 12 months and at a price of $0.10 for an additional 12 months thereafter, expiring on December 11, 2016 |
||
| Number of Placees: |
10 Placees |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| Michael Taylor |
Y |
1,000,000 FT Units |
|
| 600,000 Units |
|||
| Edward M. Yates |
Y |
400,000 Units |
|
| Aggregate Pro Group Involvement |
P |
240,000 FT Units |
|
| [1 Placee] |
|||
| Finder's Fee: |
840 cash and 16,800 warrants ("Finder Warrants") payable to Industrial Alliance Securities |
||
| - Each Finder's Warrant has the same terms as the Private Placement Warrant |
|||
_______________________________________
WHEELS GROUP INC. ("WGI")
BULLETIN TYPE: Halt
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
Effective at 6:36 a.m., PST, January 20, 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.
________________________________________
WHEELS GROUP INC. ("WGI")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
Effective at 8:30 A.M., PST, January 20, 2015, shares of the Company resumed trading, an announcement having been made.
________________________________________
ZAIO CORPORATION ("ZAO")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 20, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,212,442 shares at a deemed price of $0.209 per share to settle outstanding interest payments owed to debentureholders totaling $253,400.
| Number of Creditors: |
103 Creditors |
| Insider / Pro Group Participation: |
None |
| Warrants: |
None |
_______________________________________
NEX COMPANY :
ASB CAPITAL INC. ("ASB.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 20, 2015
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 12, 2014:
| Number of Shares: |
83,334 shares |
||
| Purchase Price: |
$0.06 per share |
||
| Number of Placees: |
1 Placee |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| Ronald Shenton |
Y |
83,334 |
|
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.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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