VANCOUVER, Sept. 28, 2015 /CNW/ -
TSX VENTURE COMPANIES
AMARC RESOURCES LTD. ("AHR")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: September 28, 2015
TSX Venture Tier 1 Company
The TSX Venture Exchange Inc. (the "Exchange") has accepted documentation in connection with a Term Sheet between Amarc Resources Ltd. ("Amarc") and Thompson Creek Metals Company Inc. ("Thompson Creek") dated August 27, 2015 to be superseded by a definitive agreement, (the "Agreement") pursuant to which Thompson Creek may acquire, through a staged investment process within the next five years, a 30% ownership interest in the IKE coppermolybdenum silver porphyry deposit and the surrounding district, (the "Project").
Under the terms of the Agreement, Thompson Creek can earn an initial 30% interest in the Project under a Stage 1 Option by funding $15 million of expenditures on the property before December 31, 2019, of which $3 million is committed for 2015. For each $5 million of project expenditures funded, Thompson Creek will incrementally earn a 10% ownership interest. Stage 1 Option expenditures can be accelerated by Thompson Creek at its discretion. Amarc will remain as operator during the Stage 1 earn in period. In the event that its Stage 1 Option is fully exercised, Thompson Creek will have a one-time right under a Stage 2 Option to elect to earn an additional 20% ownership interest in the Project (for a total 50% ownership interest). To fulfill its obligations under the Stage 2 Option, Thompson Creek must commit within 120 days after exercising its Stage 1 Option in full, to fund and complete a Feasibility Study for the Project that could serve as the basis for a final decision by a financial institution to finance development of a mining project. This Feasibility Study must be completed within a two year period, which can be extended to three years under certain circumstances. In addition, under the terms of the Stage 2 Option, Thompson Creek is required to meet all other expenditures necessary to maintain and advance the Project. Operatorship will pass to Thompson Creek upon initiation of the Stage 2 Option period.
For further information see Amarc's news release dated September 3, 2015 which is available under the Amarc's profile on SEDAR.
Insider / Pro Group Participation: Nil
________________________________________
AURYN RESOURCES INC. ("AUG")
NORTH COUNTRY GOLD CORP. ("NCG")
BULLETIN TYPE: Plan of Arrangement, Delist
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 and Tier 1 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement between Auryn Resources Inc. ("Auryn") and North Country Gold Corp. ("North Country") dated August 13, 2015 (the "Agreement"). Pursuant to the Agreement Auryn has agreed to acquire all of the issued and outstanding common shares of North Country by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Transaction"). Under the Agreement, each North Country shareholder will be entitled to receive 0.1 of an Auryn common share for each common share of North Country held.
The Exchange has been advised that approval of the Transaction by the North Country shareholders was received at a special meeting of shareholders held on September 18, 2015 and that approval of the Transaction was received from the Court of Queen's Bench of Alberta on September 22, 2015. The full particulars of the Transaction are set forth in the North Country Information Circular, dated as of August 20, 2015, which is available under the North Country profile on SEDAR.
Delisting:
In conjunction with the closing of the Transaction, North Country has requested that its common shares be delisted. Accordingly, effective at the close of business, Monday, September 28, 2015, the common shares of North Country will be delisted from the Exchange.
Insider / Pro Group Participation: None. Prior to the closing of the Transaction Auryn and North Country were at arm's length.
________________________________________
BARSELE MINERALS CORP. ("BME")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
Effective at the opening on Tuesday, September 29, 2015, the common shares of Barsele Minerals Corp. (the "Company") will commence trading on TSX Venture Exchange. The Company is classified as an 'Exploration and Mining' company.
| Corporate Jurisdiction: |
British Columbia |
|
| Capitalization: |
Unlimited |
common shares with no par value of which |
| 103,290,199 |
common shares are issued and outstanding |
|
| Escrowed Shares: |
Nil |
common shares |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
BME |
|
| CUSIP Number: |
068892108 |
|
| For further information, please refer to the Company's Listing Document dated September 25, 2015. |
||
| Company Contact: |
Gary Cope |
|
| Company Address: |
1130- 1055 West Hastings Street, |
|
| Vancouver, BC, V6E 2E9 |
||
| Company Phone Number: |
604-687-8566 |
|
| Company Fax Number: |
604-687-6365 |
|
| Company Email Address: |
||
________________________________________
BAYHORSE SILVER INC. ("BHS")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange bulletin dated September 25, 2015 with respect to the private placement of 2,000,000 units at $0.06 per unit announced by way of news releases dated July 5, 2015 and September 1, 2015, Graeme O'Neill subscribed for 1,800,000 units, not 800,000 units.
________________________________________
BC MOLY LTD. ("BM")
BULLETIN TYPE: Halt
BULLETIN DATE: September 28, 2015
TSX Venture Tier 1 Company
Effective at 9:05 a.m. PST, September 28, 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.
________________________________________
BC MOLY LTD. ("BM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 28, 2015
TSX Venture Tier 1 Company
Effective at 10:00 a.m., PST, September 28, 2015, shares of the Company resumed trading, an announcement having been made.
________________________________________
BITTERROOT RESOURCES LTD. ("BTT")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Consolidation, Private Placement and Shares for Debt
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing the following:
Disposition
The Exchange has accepted documentation in connection with an agreement between Bitterroot Resources Ltd. ("Bitterroot") and Altius Resources Inc. ("Altius"), a wholly-owned subsidiary of Altius Minerals Corporation (TSX:ALS), pursuant to which Altius will finance future mineral exploration on Bitterroot's Voyageur Lands and Copper Range Lands in the Upper Peninsula of Michigan (the "Properties"). Altius will pay C$400,000 to Bitterroot and will commit to fund C$600,000 of exploration expenditures on the Properties within one year of the closing date of the Transaction (the "Closing Date"). Bitterroot will manage the Year 1 exploration program. In consideration for the foregoing payments and exploration expenditures, Altius will receive 50.1% of the outstanding shares of Trans Superior Resources, Inc. ("Trans Superior"), Bitterroot's wholly-owned subsidiary which holds the Properties, plus approximately 4,000,000 common shares of Bitterroot, to be issued after Bitterroot completes a 10:1 share consolidation.
Altius will also have the right to acquire an additional 19.9% of Trans Superior by completing C$2.5 million in exploration spending on the Properties by the 6th anniversary of the Closing Date, plus the right to acquire an additional 10% of Trans Superior by completing exploration spending of a further C$5 million, or completing an NI 43-101 compliant pre-feasibility study on a mineral resource on the Properties, by the 10th anniversary of the Closing Date. Trans Superior will also grant to Altius a 2% net smelter returns (NSR) royalty on the Voyageur Lands (covering approximately 250 square miles of mineral rights) and will also assign to Altius its right to purchase a 1% NSR held by a third party on the Copper Range Lands.
Consolidation
Pursuant to a special resolution passed by directors on September 22, 2015, Bitterroot has consolidated its capital on a 10 (ten) old for 1 (one) new basis. The name of Bitterroot has not been changed.
Effective at the opening on Tuesday, September 29, 2015, the common shares of Bitterroot Resources Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mining (Non-oil and Gas) Exploration/Development' company.
Private Placement
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 13,230,832 |
shares are issued and outstanding |
|
| Escrow |
Nil |
shares |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
BTT (UNCHANGED) |
|
| CUSIP Number: |
091901207 (NEW) |
|
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 22, 2015:
| Number of Shares: |
4,051,514 post-consolidated shares |
||
| Purchase Price: |
$0.098729 per share |
||
| Number of Placees: |
1 Placee |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| Altius Investments Limited |
Y |
4,051,514 |
|
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.
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,077,022 post-consolidated shares at a deemed price of $0.10 per share to settle outstanding debt for $307,702.65.
| Number of Creditors: |
12 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Barbara Carr |
Y |
$5,756.42 |
$0.10 |
57,564 |
| Michael Carr |
Y |
$21,456.12 |
$0.10 |
214,561 |
| Barbara Carr |
Y |
$146,875.56 |
$0.10 |
1,468,755 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
FIRST GROWTH HOLDINGS LTD. ("FGH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 10, 2015:
| Number of Shares: |
5,000,000 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Number of Placees: |
1 Placee |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup= |
# of Shares |
| Cai Nian Tan |
Y |
5,000,000 |
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.
________________________________________
INDIGO EXPLORATION INC. ("IXI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 28, 2015:
| Number of Shares: |
15,000,000 shares |
|||
| Purchase Price: |
$0.01 per share |
|||
| Number of Placees: |
18 Placees |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
||||
| Name |
ProGroup=P |
# of Shares |
||
| Aggregate Pro Group Involvement |
P |
4,750,000 |
||
| [5 Placees] |
||||
| Finder's Fee: |
$6,000 payable to Haywood Securities Inc. |
|||
| $3,000 payable to Leede Financial Markets Inc. |
||||
The Company issued a news release on September 25, 2015 confirming closing of the private placement.
________________________________________
MEDITERRANEAN RESOURCES LTD. ("MNR.H")
BULLETIN TYPE: Halt
BULLETIN DATE: September 28, 2015
NEX Company
Effective at 5:00 a.m. PST, September 28, 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.
________________________________________
NORTHERN SHIELD RESOURCES INC. ("NRN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 22, 2015:
| Number of FT Shares: |
6,000,000 flow through shares |
|
| Purchase Price: |
$0.05 per flow through share |
|
| Warrants: |
6,000,000 share purchase warrants to purchase 3,000,000 shares |
|
| Warrant Initial Exercise Price: |
$0.075 |
|
| Warrant Term to Expiry: |
3 Years |
|
| Number of Placees: |
2 Placees |
|
| Finder's Fee: |
||
| Delbrook Capital Advisors Inc. |
$18,000.00 cash; 360,000 warrants |
|
| Finder Warrant Initial Exercise Price: |
$0.075 |
|
| Finder Warrant Term to Expiry: |
36 months |
|
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
________________________________________
ODYSSEY RESOURCES LIMITED ("ODX.H")
BULLETIN TYPE: Halt
BULLETIN DATE: September 25, 2015
NEX Company
Effective at 1:14 p.m. PST, September 25, 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.
________________________________________
ODYSSEY RESOURCES LIMITED ("ODX.H")
BULLETIN TYPE: Remain Halted - Reverse Takeover
BULLETIN DATE: September 28, 2015
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated September 25, 2015, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the change of business and/or Reverse Take-Over pursuant to TSXV Listings Policy 5.2.
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.
________________________________________
OREX MINERALS INC. ("REX")
BULLETIN TYPE: Plan of Arrangement, CUSIP Change
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
Pursuant to a special resolution passed on September 23, 2015, the securityholders of Orex Minerals Inc. (the "Company") completed a plan of arrangement (the "Arrangement") under Section 288 of the Business Corporations Act (British Columbia). The Arrangement was completed at 12:01 a.m. on September 25, 2015. Under the Arrangment, among other things, the Company: (i) completed a spin-out of its 45% interest in Gunnarn Mining AB ("Gunnarn"), the corporate entity which owns 100% of the Barsele Gold Project in Sweden into a newly listed company ("Spinco"); and (ii) retained all its other mineral assets including the Los Crestones Project (option to earn a 100% interest), the Sandra Escobar Project (option to earn a 65% interest), and the Coneto property (100% ownership) in Mexico and the Jumping Josephine Project in B.C., Canada (100% ownership). Under the Arrangement, Company shareholders received shares in Spinco on a 1:1 basis.
Effective at the opening of trading, Tuesday September 29, 2015, the shares of the Company will commence trading under the new CUSIP number:
| Post - Arrangement: |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 103,290,199 |
shares are issued and outstanding |
|
| Escrow: |
Nil |
shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
REX (UNCHANGED) |
|
| CUSIP Number: |
68616X100 (NEW) |
|
For further information, please see the Company's management information circular dated August 21, 2015 filed on SEDAR.
________________________________________
SILVER SPRUCE RESOURCES INC. ("SSE")
BULLETIN TYPE: Halt
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
Effective at 5:54 a.m. PST, September 28, 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.
________________________________________
SILVER SPRUCE RESOURCES INC. ("SSE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
Effective at 8:00 a.m. PST, September 28, 2015, shares of the Company resumed trading, an announcement having been made.
________________________________________
STINA RESOURCES LTD. ("SQA")
BULLETIN TYPE: Delist
BULLETIN DATE: September 28, 2015
TSX Venture Tier 2 Company
Effective at the close of business on Tuesday, September 29, 2015, the common shares will be delisted from TSX Venture Exchange at the request of the Company.
The Company will continue to trade on the CSE.
________________________________________
PANDA CAPITAL INC. ("PDA.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2015
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 10, 2015:
| Number of Shares: |
2,400,000 post-consolidated shares |
||
| Purchase Price: |
$0.125 per post-consolidated share |
||
| Number of Placees: |
10 Placees |
||
| Insider / Pro Group Participation: |
|||
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| No Particular Name Inc. (Paul Barbeau) |
Y |
120,000 |
|
________________________________________
NEX COMPANIES
PANDA CAPITAL INC. ("PDA.H")
BULLETIN TYPE: Consolidation
BULLETIN DATE: September 28, 2015
NEX Company
Pursuant to a directors' resolution passed September 18, 2015, the Company has consolidated its capital on an 8 (eight) old for 1 (one) new basis. The name of the Company has not been changed.
Effective at the opening Tuesday, September 29, 2015, the common shares of Panda Capital Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Capital Pool' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 412,500 |
shares are issued and outstanding |
|
| Escrow |
162,500 |
shares are subject to escrow |
| Transfer Agent: |
Equity Financial Trust Company |
|
| Trading Symbol: |
PDA.H (UNCHANGED) |
|
| CUSIP Number: |
698334208 (NEW) |
|
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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