VANCOUVER, May 21 /CNW/ -
TSX VENTURE COMPANIES ADRIANA RESOURCES INC. ("ADI") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced April 12, 2010: Number of Shares: (i) 5,000,000 shares (ii) 4,255,320 flow-through shares Purchase Price: (i) $0.40 per share (ii) $0.47 per flow-through share Warrants: (i) 2,500,000 share purchase warrants to purchase 2,500,000 shares Warrant Exercise Price: $0.50 for a two year period Number of Placees: 12 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Haywood Securities Inc. P 375,000 Agent's Fee: $280,000 and 555,319 compensation options payable to Haywood Securities Inc. Each compensation option is exercisable into one common share and one-half of a common share purchase warrant at a price of $0.40 for a two year period. Each whole warrant is exercisable into one common share at a price of $0.50 per share for a two year period. 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. TSX-X ------------------------------- ARCHER PETROLEUM CORP. ("ARK") BULLETIN TYPE: Resume Trading BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Effective at the opening May 21, 2010, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ------------------------------- ARMADILLO RESOURCES LTD. ("ARO") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 21, 2010 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 April 20, 2010: Number of Shares: 1,165,000 shares Purchase Price: $0.10 per share Warrants: 1,165,000 share purchase warrants to purchase 1,165,000 shares Warrant Exercise Price: $0.14 for a one year period Number of Placees: 7 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Corey Klassen Y 50,000 Rodney Blake P 100,000 Finder's Fee: Ribstone Ventures Ltd. (Glen R. Kramer) will receive a finder's fee of $6,300 that is convertible into 63,000 units with the same terms as the offering. 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. TSX-X ------------------------------- BIG RED DIAMOND CORPORATION ("DIA") BULLETIN TYPE: Private Placement, Brokered BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on May 20, 2010: Number of Shares: 9,410,000 common shares Purchase Price: $0.05 per common share Warrants: 9,410,000 warrants to purchase 9,410,000 common shares Warrant Exercise Price: $0.10 per share for a period of 24 months Insider/Pro Group Participation: Insider equals Y/ Name Pro Group equals P Number of Shares Jean-François Perrault Y 300,000 shares Agent's Fee: Canaccord Genuity Corp. received $45,000 cash and 900,000 agents' options. Each agent option enables the holder to purchase one unit at the price of $0.05 for a period of 24 months. Each unit consists of one common share and one warrant, each warrant giving the right to purchase one common share at the price of $0.10 during a period of 24 months following the closing of the Private Placement. The Company has confirmed the closing of the above-mentioned Private Placement. CORPORATION BIG RED DIAMOND ("DIA") TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier DATE DU BULLETIN : Le 21 mai 2010 Société du groupe 2 de TSX Croissance Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 20 mai 2010 : Nombre d'actions : 9 410 000 actions ordinaires Prix : 0,05 $ par action ordinaire Bons de souscription : 9 410 000 de bons de souscription permettant de souscrire à 9 410 000 actions ordinaires Prix d'exercice des bons : 0,10 $ par action pour une durée de 24 mois Initié égale Y/ Nom Groupe Pro égale P Nombre d'actions Jean-François Perrault Y 300 000 actions ordinaires Rémunération de l'agent : Canaccord Genuity Corp. a reçu 45 000 $ comptant ainsi que 900 000 options de rémunération. Chaque option de rémunération permet au détenteur de souscrire à une unité au prix de 0,05 $ pendant une période de 24 mois. Chaque unité comprend une action ordinaire et un bon de souscription. Chaque bon de souscription entier permet de souscrire une action ordinaire au prix de 0,10 $ pendant une période de 24 mois suivant la clôture du placement privé. La société a confirmé la clôture du placement privé mentionné ci-dessus. TSX-X ------------------------------- CALLINAN MINES LIMITED ("CAA") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 21, 2010 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation in connection with the following agreements: 1. A Purchase Agreement dated April 10, 2010 between William Stephen Kuran and Mark Albert (collectively the "Vendors") and the Company whereby the Company has acquired an undivided 100% interest in and to the Gossan Gold Property that is located in The Pas Mining Division, Manitoba. The aggregate consideration is $20,000 and 150,000 common shares of which Mr. Kuran will be issued 70,000 common shares and Mr. Olsen will be issued 80,000 common shares. 2. An Option Agreement dated May 12, 2010 between the Company and Peter Dunlop whereby the Company has been granted an option to earn a 100% in and to the Rug Claims that are located in The Pas Mining Division, Manitoba. The aggregate consideration is $200,000, 200,000 common shares and $1,250,000 in exploration expenditures over a three year period. Both the Gossan Gold Property and the Rug Claims are subject to a 2% net smelter return royalty of which the Company may purchase for 50% for $1,000,000 subject to further Exchange review and acceptance. TSX-X ------------------------------- CANAM COAL CORP. ("COE") (formerly Radar Acquisitions Corp. ("RAC")) BULLETIN TYPE: Name Change BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Pursuant to a resolution passed by shareholders on September 25, 2009, the Company has changed its name as follows. There is no consolidation of capital. Effective at the opening Tuesday, May 25, 2010, the common shares of CanAm Coal Corp. will commence trading on TSX Venture Exchange, and the common shares of Radar Acquisitions Corp. will be delisted. The Company is classified as a 'Coal Mining' company. Capitalization: unlimited shares with no par value of which 71,538,580 shares are issued and outstanding Escrow: 3,000,000 Transfer Agent: Computershare Trading Symbol: COE (new) CUSIP Number: 137098 10 9 (new) TSX-X ------------------------------- CANASIL RESOURCES INC. ("CLZ") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 24, 2010: Number of Shares: 3,620,000 shares Purchase Price: $0.10 per share Warrants: 1,810,000 share purchase warrants to purchase 1,810,000 shares Warrant Exercise Price: $0.15 for a one year period. The warrants are subject to an accelerated exercise provision commencing six months following the closing date in the event the Company's shares equal or exceed $0.30 per share for a period of 10 consecutive trading days. Number of Placees: 20 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Discovery Resource Corp. (Gary Nordin) Y 200,000 Kerry Spong Y 200,000 Michael D. McInnis Y 200,000 Greenspot Enterprises Ltd. (Alvin Jackson) Y 200,000 Stillwater Enterprises Ltd. (Arthur Freeze) Y 200,000 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. TSX-X ------------------------------- CANTRONIC SYSTEMS INC. ("CTS") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 21, 2010 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation relating to the Equity Transfer Agreement dated February 1, 2010 between the Company and Cao Qingchang, Qi Yanling and Tang Jianqiang whereby the Company will acquire 9.08% of the issued and outstanding equity of Beijing Advanced Videoinfo Technology Co., Ltd. in consideration of RMB 908,000 (approx CDN$138,000) and common shares worth up to RMB 2,724,000 (approx. CDN$415,000) TSX-X ------------------------------- CENTURY MINING CORPORATION ("CMM") BULLETIN TYPE: Reinstated for Trading BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated May 11, 2010, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission on May 11, 2010 has been revoked. Effective at the opening Tuesday, May 25, 2010 trading will be reinstated in the securities of the Company (CUSIP 15662P 10 1). TSX-X ------------------------------- COASTPORT CAPITAL INC. ("CPP") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 13, 2010 and April 23, 2010: Number of Shares: 4,390,000 shares Purchase Price: $0.125 per share Warrants: 2,195,000 share purchase warrants to purchase 2,195,000 shares Warrant Exercise Price: $0.20 for the first 6 months $0.30 for the second 6 months Number of Placees: 23 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Gregg Courtney P 100,000 Mike Hutchins P 100,000 Keith Bekker P 200,000 Finders' Fees: $15,225 cash and 121,800 Agent's Warrants payable to Canaccord Financial Ltd. $3,500 cash and 28,000 Agent's Warrants payable to Wolverton Securities Ltd. $1,750 cash and 14,000 Agent's Warrants payable to Macquarie Private Wealth Inc. - Agent's Warrants are exercisable at $0.20 per share for the first 6 months and $0.30 per share for the second 6 months. 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. TSX-X ------------------------------- CUE RESOURCES LTD. ("CUE") BULLETIN TYPE: Shares for Debt, Amendment BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Further to the bulletin dated April 15, 2010, the bulletin should have read as follows: TSX Venture Exchange has accepted for filing the Company's proposal to issue 11,051,420 shares at a deemed value of $0.10 per share to settle outstanding debt for $1,105,142. There will be 9,456,020 warrants issuable at $0.15 per share for two years. Number of Creditors: 6 Creditors Insider/Pro Group Participation: Deemed Insider equals Y/ Amount Price No. of Creditor Progroup equals P Owing per Share Shares Resinco Capital Partners Y $159,540 $0.10 1,595,400 The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X ------------------------------- CURLEW LAKE RESOURCES INC. ("CWQ") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 14, 2010 and May 13, 2010: Number of Shares: 11,200,000 shares Purchase Price: $0.05 per share Warrants: 11,200,000 share purchase warrants to purchase 11,200,000 shares Warrant Exercise Price: $0.10 for a two year period Number of Placees: 11 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Bruce Ratcliff Y 2,850,000 Famglas Management Systems Ltd. (Dean Thompson) Y 4,500,000 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. TSX-X ------------------------------- ICO THERAPEUTICS INC. ("ICO") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation relating to agreements dated May 17, 2010 between the Company and Isis Pharmaceuticals, Inc. ("Isis") whereby the Company will acquire certain technology rights in consideration for granting 235,000 common share purchase warrants to Isis. The warrants are exercisable for 24 months at a 30% premium to the weighted average trading price of the common shares for 21 days prior to the date of issuance. TSX-X ------------------------------- DRAKE ENERGY LTD. ("DPE") BULLETIN TYPE: Halt BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Effective at 6:02 a.m. PST, May 21, 2010, trading in the shares of the Company was halted at the request of the Company, pending an announcement; 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. TSX-X ------------------------------- EMM ENERGY INC. ("M") BULLETIN TYPE: Resume Trading, Reverse Takeover-Announced BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Effective at the opening Tuesday, May 25, 2010, trading in the Company's shares will resume. Further to the Company's news release dated May 5, 2010, regarding the proposed acquisition of SkyWest Energy Corp (the 'Reverse Takeover'), the Exchange has granted the Company an exemption from sponsorship requirements in connection with the Reverse Takeover. This resumption of trading does not constitute acceptance of the Reverse Takeover, 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 Reverse Takeover within 75 days of the issuance of the news release. 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 and shareholder approval. 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. TSX-X ------------------------------- FAIRMILE GOLDTECH INC. ("FLA") BULLETIN TYPE: Reinstated for Trading BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated October 12, 2006, the Exchange has been advised that the Cease Trade Orders issued by the British Columbia Securities Commission on October 11, 2006, October 7, 2008 and October 1, 2009 have been revoked. Effective at the opening Tuesday, May 25, 2010 trading will be reinstated in the securities of the Company (CUSIP 30515P 10 9). TSX-X ------------------------------- FOCUS METALS INC. ("FMS") BULLETIN TYPE: New Listing-Shares BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Effective at the opening Tuesday, May 25, 2010, the common shares of Focus Metals Inc. (the "Company") will commence trading on the TSX Venture Exchange Inc. The Company is classified as a "Copper, Nickel, Lead and Zinc Ore Mining" (NAICS Number: 21223) company. Corporate jurisdiction: Canada Capitalization: Unlimited common shares without par value of which 37,569,310 common shares are issued and outstanding Escrowed Shares: 13,915,651 common shares are subject to a 36- month staged release escrow under a Surplus Security Escrow Agreement whereby 695,782 common shares are released as of the date of this bulletin. Transfer Agent: CIBC Mellon Trust Company - Montréal & Toronto Trading Symbol: FMS CUSIP Number: 34415N 10 7 Sponsoring Member: Jones, Gable & Company Inc. Sponsor's Warrants: 250,000 non-transferable share purchase warrants. Each warrant entitles the Holder to purchase one common share at $0.10 per share for a period of two years following the closing. For further information, please refer to the Company's Listing Application dated May 10, 2010 which is filed under the Company's profile on SEDAR. Company Contact: Marco Gagnon, President and Chief Executive Officer Company Address: 5420 route Canotek, suite 103 Ottawa (Ontario) K1J 1E9 Company Phone Number: 613-241-2332 Company Fax Number: 613-241-8632 Company Email Address: [email protected] LES MÉTAUX FOCUS INC. ("FMS") TYPE DE BULLETIN : Nouvelle inscription - actions DATE DU BULLETIN : Le 21 mai 2010 Société du groupe 2 de TSX Croissance Les actions ordinaires de Les Métaux Focus inc. seront admises à la négociation de Bourse de croissance TSX à l'ouverture des marchés le mardi 25 mai, 2010. La société est catégorisée comme une société "d'extraction de minerais de cuivre, de nickel, de plomb et de zinc" (numéro SCIAN : 21223). Juridiction de la société : Canada Capitalisation : Un nombre illimité d'actions ordinaires sans valeur nominale, dont 37 569 310 actions seront émises et en circulation. Actions entiercées : 13 915 651 actions ordinaires sont entiercées en vertu d'une convention d'une durée de 36 mois incluant une cédule de libération graduelle de titres excédentaires du groupe 2 de la Bourse, dont 695 782 actions ordinaires sont libérées à la date de ce bulletin. Agent des transferts : Compagnie Trust CIBC Mellon - Montréal et Toronto Symbole au téléscripteur : FMS Numéro de CUSIP : 34415N 10 7 Parrain : Jones, Gable & Compagnie inc. Bons de souscription de Parrain : 250 000 bons de souscription non transférables. Chaque bon permet au titulaire de souscrire à une action ordinaire au prix de 0,10 $ par action pendant deux ans suivant la clôture. Pour plus d'information veuillez vous référez au formulaire d'inscription de la société daté du 10 mai 2010 et disponible sur SEDAR. Contact de la société : Marco Gagnon, Président et Chef de la direction Adresse de la société : 5420, route Canotek, bureau 103 Ottawa (Ontario) K1J 1E9 Téléphone de la société : 613-241-2332 Télécopieur de la société : 613-241-8632 Courriel : [email protected] TSX-X ------------------------------- GALENA CAPITAL CORP. ("FYI") BULLETIN TYPE: Private Placement-Non-Brokered, Amendment BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company Further to the TSX Venture Exchange Bulletin dated May 13, 2010, the Exchange has accepted the following amendments (changes have been highlighted) with respect to the first tranche of a Non-Brokered Private Placement announced April 12, 2010. The total number of shares and warrants being issued has increased as follows: Number of Shares: 24,565,000 shares Purchase Price: $0.05 per share Warrants: 12,282,500 share purchase warrants to purchase 12,282,500 shares Warrant Exercise Price: $0.15 for a two year period Number of Placees: 61 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Pinetree Resource Partnership Y 5,000,000 Nigel Selby P 640,000 Sharon Selby P 85,000 Glenn Thornberg P 100,000 Julie Catling P 100,000 Resinco Capital Partners, Inc. Y 4,000,000 Barbara Langer P 400,000 Jama Holdings Inc. P 300,000 Finders' Fees: $25,690 payable to Canaccord Financial Ltd. $14,000 payable to Capital Street Group Investment Services, Inc. $18,200 payable to Leede Financial Markets Inc. $9,187.50 payable to Macquarie Private Wealth TSX-X ------------------------------- INTERNATIONAL BETHLEHEM MINING CORP. ("IBC") BULLETIN TYPE: Warrant Term Extension BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has consented to the extension in the expiry date of the following warrants: Private Placement: No. of Warrants: 5,000,000 Original Expiry Date of Warrants: June 11, 2010 New Expiry Date of Warrants: June 11, 2011 Exercise Price of Warrants: $0.10 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 June 17, 2009. TSX-X ------------------------------- NOVADX VENTURES CORP. ("NDX") BULLETIN TYPE: Shares for Bonuses BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 680,000 shares (100,000 to Doyle Crump, 480,000 to Robert Payne and 100,000 to Philip Prince) pursuant to the terms of certain engagement letters dated May 15, 2010. The Company shall issue a news release when the shares are issued. TSX-X ------------------------------- PLAYFAIR MINING LTD. ("PLY") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 21, 2010 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 April 16, 2010: Number of Shares: 5,000,000 shares Purchase Price: $0.10 per share Number of Placees: 21 placees Insider/Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ No. of Shares Gordon H. McCaslin P 100,000 Jeff Lightfoot Y 100,000 Daniel Seiter Y 100,000 Finder's Fee: $500 payable to Joe Isaacs $8,000 payable to Canaccord Genuity Corp. $8,240 payable to Roger Hardaker $3,770 payable to Thomas B. Radford $25,000 payable to Profilio EMD Inc. (Jim Rhode) 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. TSX-X ------------------------------- PLEXMAR RESOURCES INC. ("PLE") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement announced on April 12, 2010: Number of Shares: 4,309,444 common shares Purchase Price: $0.09 per common share Warrants: 4,309,444 warrants to purchase 4,309,444 common shares. Warrant Exercise Price: $0.15 during the period of 18 months following the closing Number of Placees: 6 placees The Company has announced the closing of the above-mentioned Private Placement by way of press release dated April 12, 2010 RESSOURCES PLEXMAR INC. ("PLE") TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier DATE DU BULLETIN : Le 21 mai 2010 Société du groupe 2 TSX Croissance Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 12 avril 2010: Nombre d'actions : 4 309 444 actions ordinaires Prix : 0,09 $ par action ordinaire Bons de souscription : 4 309 444 bons de souscription permettant de souscrire à 4 309 444 actions ordinaires. Prix d'exercice des bons : 0,15 $ durant la période de 18 mois suivant la clôture Nombre de souscripteurs : 6 souscripteurs La société a annoncé la clôture de ce placement privé dans le communiqué de presse daté du 12 avril 2010. TSX-X ------------------------------- PLANET ORGANIC HEALTH CORP. ("POH") BULLETIN TYPE: Resume Trading BULLETIN DATE: May 21, 2010 TSX Venture Tier 1 Company Effective at 10:15 a.m. PST, May 21, 2010, shares of the Company resumed trading, an announcement having been made over StockWatch. TSX-X ------------------------------- SMARTCOOL SYSTEMS INC. ("SSC") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 21, 2010 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 26, 2010: Debenture: $275,000, sold in denominations of $5,000 with 8,600 warrants Maturity date: 3 years from issuance Redemption: Quarterly, 5% of the Company's gross cash revenues will be used, on a pro-rata basis, to reduce the principal amount of the debentures Warrants: 473,000 warrants have a three year term and are each exercisable for one share at a price of $0.50. If the Company's shares trade at an average price of $0.80 per share for a period of 60 days, the Company may elect to force exercise or cancellation of the warrants. If any portion of the principal is redeemed within the first year of the date of issuance, the number of warrants shall be decreased proportionately. Interest rate: Quarterly, debentureholders will receive a payment of $150 for each $5,000 of principal held, for a minimum of 18 months. If the debentures are redeemed in months 19 to 24, one additional payment of $150 will be made. If the debentures are redeemed in months 25 to 36, two additional payments of $150 will be made. Number of Placees: 9 placees Finder's Fee: $27,500 payable to Osprey Capital Partners, Toronto 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.) TSX-X -------------------------------
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