VANCOUVER, June 16 /CNW/ -
TSX VENTURE COMPANIES
ADVENTURE GOLD INC. ("AGE")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to
an arm's length option agreement between the Company and RT Minerals Corp.
("RT"), dated May 5, 2010. Pursuant to that agreement, the Company has granted
an option to RT to acquire up to a 50% interest in the Meunier Property (the
"Property"), located near the town of Bristol, in the Timmins region of
Ontario.
RT may make an initial acquisition of 25% prior to October 31, 2011, by
incurring a cash payment to the Company of $300,000, issuing 2,500,000 common
shares of RT, and incurring a minimum of expenditures of $1,500,000 prior to
October 31, 2011 of which $500,000 must be incurred prior to October 31, 2010.
In addition, RT must have made a minimum investment in a private placement of
the Company of $200,000 (1,000,000 common shares at $0.20 per share and
500,000 warrants to purchase 500,000 common shares at an exercise price of
$0.27 per share until May 27, 2012).
In exchange for these commitments on behalf of RT, the Company must issue
RT 500,000 warrants, each entitling the Holder to purchase a common share of
the Company at an exercise price of $0.20 over a period of one year following
the issuance of these warrants.
Where RT has satisfied the above-described commitments in regard to the
initial 25% acquisition, RT will have the option to acquire an additional 25%
interest in the Property by issuing an additional 250,000 common shares to the
Company and incurring a minimum further $1,500,000 in exploration work.
For further information, please refer to the Company's news releases dated
May 5, and 27, 2010
ADVENTURE GOLD INC. ("AGE")
TYPE DE BULLETIN : Convention de vente d'actif ou convention de vente
d'actions
DATE DU BULLETIN : Le 16 juin 2010
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt d'avis de la société
relativement à une convention d'option datée du 5 mai 2010 entre la société et
RT Minerals Corp. ("RT"). Cette transaction a été négociée entre des parties
sans lien de dépendance. En vertu de la convention, la société octroie une
option à RT d'acquérir un intérêt de jusqu'à 50 % dans la propriété Meunier,
située près de la ville de Bristol dans la région de Timmins, dans la province
d'Ontario.
RT peut acquérir un premier intérêt de 25 % avant le 31 octobre 2011 en
effectuant un paiement en espèces de 300 000 $ à la société, par l'émission de
2 500 000 actions ordinaires de RT et en effectuant des travaux d'exploration
d'une valeur minimum de 1 500 000 $ avant le 31 octobre 2011, duquel, 500 000
$ doit avoir été effectué avant le 31 octobre 2010. De plus, RT a dû investir
dans un placement privé de la société pour un montant de 200 000 $ (1 000 000
d'actions ordinaires au prix de 0,20 $ l'action et 500 000 bons de
souscription permettant d'acquérir 500 000 actions ordinaires au prix
d'exercice de 0,27 $ l'action jusqu'au 27 mai 2012).
En contrepartie pour ces engagements de la part de RT, la société doit
leur émettre 500 000 bons de souscriptions, chacun permettant au titulaire de
souscrire à une action ordinaire au prix de 0,20 $ l'action pendant une
période d'un an suivant la date d'émission des bons.
Dans le contexte où RT a satisfait les engagements décrits ci-dessus afin
d'acquérir un premier intérêt de 25 % dans la propriété, RT aura l'option
d'acquérir un intérêt additionnel de 25 % par l'émission de 250 000 actions
ordinaires supplémentaires et en effectuant un minimum de 1 500 000 $ en
travaux d'exploration additionnels.
Pour de plus amples informations, veuillez vous référer au communiqué de
presse émis par la société les 5 et 27 mai 2010.
TSX-X
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AKA VENTURES INC. ("AKA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection
with a Letter Agreement dated May 10, 2010 between the Company and 0733351
B.C. Ltd. (Brian Leeners and Gord Fretwell) whereby the Company has been
granted an option to earn a 60% undivided interest in the Copper Joe Property
that is located in Mohave County, Arizona. Consideration is $100,000, an
aggregate of 6,000,000 common shares that are payable in tranche over a four
year period and $4,500,000 to be expended on exploration over a four year
period.
TSX-X
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AM GOLD INC. ("AMG")
BULLETIN TYPE: Halt
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Effective at 10:49 a.m. PST, June 16, 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
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CALDERA RESOURCES INC. ("CDR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to
a joint-venture letter agreement dated December 18, 2009, between Global Gold
Corporation ("Global") and the Company, whereby the Company may obtain an
initial 55% interest in a newly created joint-venture company to develop the
Marjan Gold and Silver Deposit, located in Armenia.
In order to obtain and maintain an initial 55% interest, the Company must
issue 500,000 common shares within the first year, and make cash payment of
$150,000 US ($50,000 upon signing). Further, the Company must engage in
$3,000,000 of exploration work (no time constraint). The Company also
maintains the option of acquiring a full 100% interest by making payments
totaling $2,850,000 US prior to December 30, 2012.
Global will retain a 2.5% Net Smelter Royalty ("NSR") on the Northern
Zone, of which half (1%) may be repurchased for $2,000,000 US.
Global shall also retain a 1.5% NSR on the Central Zone, where the Company
retains the right of first refusal to purchase the NSR outright.
For further information, please refer to the Company's press releases
dated December 21, 2009 and March 23, 2010.
CALDERA RESOURCES INC. ("CDR")
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 16 juin 2010
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une
convention datée du 18 décembre 2009, entre Global Gold Corporation ("Global")
et la société, relativement à l'acquisition d'un intérêt de 55 % dans une
nouvelle société de coentreprise créée afin de développer le dépôt d'or et
argent situé à Armenia.
Afin d'obtenir et maintenir un intérêt initial de 55 %, la société doit
émettre 500 000 actions ordinaires pendant la première année et effectuer un
paiement de 150 000 $ US (50 000 $ lors de la signature). De plus, la société
s'engage d'effectuer 3 000 000 $ en travaux d'exploration (sans contrainte de
temps). La société maintient aussi l'option d'acquérir un intérêt total de 100
% en effectuant des paiements en espèces totalisant 2 850 000 $ US avant le 30
décembre 2012.
Global conservera une royauté "NSR" dans la zone nordique, la moitié
duquel peut être rachetée pour une somme de 2 000 000 $ US.
Global conservera aussi une royauté "NSR" dans la zone centrale dans
laquelle la société garde le droit de premier refus afin d'acheter directement
le NSR.
Pour plus d'information, veuillez vous référer aux communiqués de presse
émises par la société le 21 décembre 2009 et le 23 mars 2010.
TSX-X
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CANTRONIC SYSTEMS INC. ("CTS")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 16, 2010
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement:
Convertible Debenture: $500,000
Conversion Price: Convertible into 1,250,000 shares at $0.40 at
anytime during the term of the Debenture
Maturity date: 6 months from the closing date
Interest rate: 12% per annum
Number of Placees: one
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. 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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CENIT CORPORATION ("CNT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 8,142,480 shares and 7,929,880 share purchase warrants to settle
outstanding debt for $407,124.
Number of Creditors: 10 Creditors
Insider/Pro Group Participation:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share Shares
J. Birks Bovaird Y $10,630 $0.05 212,600
Warrants: 7,929,880 share purchase warrants to purchase
7,929,880 shares
Warrant Exercise Price: $0.10 for a two year period
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
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CENTURY ENERGY LTD. ("CEY")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 233,333 common shares to settle outstanding management fees owing in the
amount of $17,500.
Number of Creditors: 1 Creditor
Insider/Pro Group Participation:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share Shares
Jimmy McCarroll Y $17,500 $0.075 233,333
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
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CHARTER REAL ESTATE INVESTMENT TRUST ("CRH.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: June 16, 2010
TSX Venture Tier 1 Company
The Issuer has declared the following distribution:
Distribution per Trust Unit: $0.01333
Payable Date: July 15, 2010
Record Date: June 30, 2010
Ex-Distribution Date: June 28, 2010
TSX-X
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CHRYSALIS CAPITAL VI CORPORATION ("CPC.P")
BULLETIN TYPE: CPC-Information Circular, Remain Suspended
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's CPC Information
Circular dated June 15, 2010, for the purpose of mailing to shareholders and
filing on SEDAR.
Trading in the Company's securities will remain suspended.
TSX-X
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EXCELSIOR MINING CORP. ("MIN")
BULLETIN TYPE: Halt
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Effective at 8:33 a.m. PST, June 16, 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
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EXCELSIOR MINING CORP. ("MIN")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 16, 2010, effective at
9:37 a.m. PST, June 16, 2010 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 Takeover pursuant to Listings Policy 5.2.
TSX-X
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G4G RESOURCES LTD. ("GXG")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: June 16, 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: 4,000,000
Original Expiry Date of Warrants: June 30, 2010
New Expiry Date of Warrants: September 30, 2010
Exercise Price of Warrants: $0.45
These warrants were issued pursuant to a private placement of 4,000,000
shares with 4,000,000 share purchase warrants attached, which was accepted for
filing by the Exchange effective January 16, 2008.
TSX-X
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G4G RESOURCES LTD. ("GXG")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: June 16, 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: 2,000,000
Original Expiry Date of Warrants: June 17, 2010
New Expiry Date of Warrants: September 30, 2010
Exercise Price of Warrants: $0.30
These warrants were issued pursuant to a private placement of 2,000,000
shares with 2,000,000 share purchase warrants attached, which was accepted for
filing by the Exchange effective June 17, 2009.
TSX-X
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GBO INC. ("GBO")
BULLETIN TYPE: Substantial Issuer Bid - Trading and Settlement Rules
BULLETIN DATE: June 16, 2010
TSX Venture Tier 1 Company
Trading and Settlement Rules - June 21, 2010
GBO Inc. (the "Company") has made an offer dated April 30, 2010 to
purchase for cancellation up to a maximum of 15,000,000 common shares (the
"Shares") at a price of $0.20 per Share in cash (the "Offer"). The offer will
expire at 5:00 p.m. (Montreal time) on June 21, 2010 (the "Expiry Time"),
unless withdrawn or extended.
Shareholders who wish to accept the offer must properly complete and duly
execute the Letter of Transmittal and deposit it, together with certificates
representing their Shares, at the offices of Computershare Investor Services
Inc. (the "Depositary") in Toronto or Montreal so as to be received at the
latest on the Expiry Time. Alternatively, a holder of Shares who wishes to
deposit Shares and whose certificates for such Shares are not immediately
available may deposit certificates representing such Shares by following the
procedures for guaranteed delivery set forth in the offer.
No soliciting dealer has been engaged by the Company to solicit
acceptances of the Offer.
NOTICE OF GUARANTEED DELIVERY SETTLEMENT PROCEDURE
THE NOTICE OF GUARANTEED DELIVERY MUST BE COMPLETED AND RECEIVED BY the
depositary IN TORONTO PRIOR TO THE EXPIRY TIME AND THE LETTER OF TRANSMITTAL
ALONG WITH THE CERTIFICATES REPRESENTING SHARES PERTAINING TO THE NOTICE MUST
BE RECEIVED BY THE DEPOSITARY IN TORONTO PRIOR TO 5:00 P.M. (MONTREAL TIME) ON
THE THIRD TRADING DAY AFTER THE EXPIRY DATE.
Mandatory Trading and Settlement Rules
The Trading and Settlement Rules described below will apply.
Purchasers may tender the Shares purchased providing that such purchases
are executed on or before June 21, 2010 and providing that, when applicable,
the notice of guaranteed delivery (the "Notice") is completed and filed with
the Depositary before the Expiry Time.
Sellers of the Shares must be in a position to deliver such Shares in time
for the purchaser either to tender the Shares on or before June 21, 2010 or to
meet the third day delivery deadline on any Notice that may have been filed by
the purchaser.
Notice of guaranteed delivery - Settlement procedure
The Notice must be completed and received by the Depositary in Toronto
prior to the Expiry Time. The Letter of Transmittal along with the Shares
pertaining to the Notice must be received by the Depositary in Toronto on or
prior to 5:00 p.m. (Montreal time) on the third trading day after the Expiry
Time.
Mandatory Trading and Settlement Rules:
1. All trades on June 18, 2010, will be for Regular Settlement on
June 23, 2010; and
2. All trades on June 21, 2010, will be for Special Two-Day Settlement
on June 23, 2010. These trades will appear on the CDS Settlement
Report and will be recorded with a settlement date of June 23, 2010.
Investors should contact their broker for information or advice on their
investment.
GBO INC. ("GBO")
TYPE DE BULLETIN : Offre publique de rachat - Règles pour la négociation
et le règlement
DATE DU BULLETIN : Le 16 juin 2010
Société du groupe 1 de TSX Croissance
Règlement pour la négociation et le règlement - le 21 juin 2010
GBO Inc. (la "société") a fait une offre en date du 30 avril 2010, afin
d'acheter aux fins d'annulation 15 000 000 d'actions ordinaires (les
"actions") au prix de 0,20 $ en espèces par action de la société ("l'offre").
L'offre expirera à 17h00 (heure de Montréal) le 21 juin 2010 (l'"heure
d'expiration"), à moins qu'elle ne soit retirée ou prolongée.
Les actionnaires qui souhaitent accepter l'offre doivent remplir
correctement et dûment signer la lettre d'envoi et la déposer, avec les
certificats représentant leurs actions, aux bureaux de Services aux
investisseurs Computershare inc. (le "dépositaire") à Toronto ou Montréal de
façon à ce qu'elle soit reçue avant l'heure d'expiration. Autrement, un
porteur qui souhaite déposer des actions mais qui ne peut obtenir
immédiatement les certificats peut déposer les certificats représentant ses
actions en suivant la procédure de livraison garantie présentée à l'offre.
Aucun démarcheur n'a été engagé par la société pour solliciter des
acceptations en réponse à l'offre.
PROCÉDURES DE RÈGLEMENT DE L'AVIS DE LIVRAISON GARANTIE:
L'AVIS DE LIVRAISON GARANTIE DOIT ÊTRE COMPLÉTÉ ET REÇU PAR LE DÉPOSITAIRE
À TORONTO AVANT L'HEURE D'EXPIRATION ET LA LETTRE D'ENVOI AINSI QUE LES
CERTIFICATS REPRÉSENTANT LES ACTIONS COUVERTES PAR L'AVIS DOIVENT ÊTRE REÇUS
PAR LE DÉPOSITAIRE À TORONTO AU PLUS TARD À 17H00 (HEURE DE TORONTO) LE
TROISIÈME JOUR DE BOURSE APRÈS LA DATE D'EXPIRATION.
Règles obligatoires pour la négociation et le règlement:
Les règles suivantes pour la négociation et le règlement s'appliqueront.
Les acheteurs peuvent déposer les actions achetées dans la mesure où les
achats sont complétés le ou avant le 21 juin 2010 et que l'avis de livraison
garantie (l'"avis") est complété et déposé auprès du dépositaire avant l'heure
d'expiration.
Les vendeurs d'actions doivent être en mesure de livrer leurs actions à
temps pour déposer les actions le ou avant le 21 juin 2010 ou rencontrer le
délai de livraison de trois jours pour tout avis qui pourrait être déposé par
l'acheteur.
Procédure de règlement pour avis de livraison garantie
L'avis doit être complété et reçu par le dépositaire à Toronto avant
l'heure d'expiration. La lettre d'envoi ainsi que les actions visées par
l'avis doivent être reçus par le dépositaire à Toronto au plus tard à 17 h
(heure de Montréal) le troisième jour de bourse suivant la date d'expiration.
Règles de négociation et de règlement :
1. Toutes les transactions du 18 juin 2010 feront l'objet d'un règlement
normal le 23 juin 2010; et
2. Toutes les transactions du 21 juin 2010 feront l'objet d'un règlement
spécial de deux jours le 23 juin 2010. Ces transactions apparaîtront
sur le rapport de règlement de la CDS et seront inscrites avec une
date de règlement du 23 juin 2010.
Les investisseurs devraient communiquer avec leur courtier pour obtenir de
l'information ou des conseils au sujet de leur investissement.
TSX-X
--------------------------------
GOLD HAWK RESOURCES INC. ("GHK")
BULLETIN TYPE: Warrant Price Amendment, Warrant Term Extension,
Correction
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated May 20, 2010, the
Bulletin should have stated that all 1,002,000 share purchase warrants term
will be extended until June 3, 2011, but only 878,200 warrants will have a
reduction in exercise price to $1.25 and will be subject to the forced
exercise provision.
TSX-X
--------------------------------
INTERTAINMENT MEDIA INC. ("INT")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced April 6, 2010:
Number of Shares: 19,146,754 shares
Purchase Price: $0.16 per share
Warrants: 19,146,754 share purchase warrants to purchase
19,146,754 shares
Warrant Exercise Price: $0.20 for a two year period
Number of Placees: 31 placees
Agent's Fee: $60,730.88 and 379,568 agent's options issuable
to M Partners Inc. Each agent's option is
exercisable into one common share and one common
share purchase warrants at a price of $0.16 per
agent's option for a two year period. Each
common share purchase warrant is exercisable
into one common share at a price of $0.20 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
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LAS VEGAS FROM HOME.COM ENTERTAINMENT INC. ("LVH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 18, 2010:
FIRST TRANCHE
Number of Shares: 24,100,000 shares
Purchase Price: $0.05 per share
Warrants: 24,100,000 share purchase warrants to purchase
24,100,000 shares
Warrant Exercise Price: $0.10 for a one year period
$0.25 in the second year
Number of Placees: 13 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Gilbert Payeur P 1,000,000
Finder's Fee: 2,000,000 common shares payable to Luc Pelchat
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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MAJESTIC GOLD CORP. ("MJS")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Further to our Bulletin dated October 24, 2008, the Company has advised
that the following information regarding finder's fees payable to Advice
Portfolio Management only has been amended as follows, all other information
remains unchanged:
Finder's Fees: $79,737.85 cash and 796,183 shares payable to
Advice Portfolio Management (Eckard Kirsch).
TSX-X
--------------------------------
MILL BAY VENTURES INC. ("MBV")
BULLETIN TYPE: Consolidation
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders May 14, 2010, 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 June 17, 2010, common shares of Mill Bay Ventures
Inc. 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
6,605,025 shares are issued and outstanding
Escrow: 437,000 shares are subject to escrow
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: MBV (UNCHANGED)
CUSIP Number: 59980P203 (new)
TSX-X
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OROCAN RESOURCE CORP. ("OR")
(formerly: Orocan Resource Corp. ("OR.P"))
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private
Placement-Non-Brokered, Reinstated for Trading
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Reinstated for Trading:
Further to TSX Venture Exchange Bulletin dated April 5, 2010, the Company
has now completed its Qualifying Transaction.
Effective at the opening Thursday, June 17, 2010, trading will be
reinstated in the securities of the Company (CUSIP 687029108).
Qualifying Transaction-Completed:
TSX Venture Exchange has accepted for filing the Company's Qualifying
Transaction described in its Filing Statement filed on June 1, 2010. As a
result, at the opening Thursday, June 17, 2010, the Company will no longer be
considered a Capital Pool Company. The Qualifying Transaction includes the
following:
The March 8, 2010 agreement whereby Orocan Resource Corp. (the "Company")
has the right to earn a 70% interest in the TJ Ridge (Tommy Jack Creek)
property, from Roxgold Inc. (TSXV-ROG) ("Roxgold"), subject to a 2% underlying
NSR to the original property owner. Consideration for the acquisition consists
of:
- Payment of $150,000 to Roxgold over 3 year ($25,000 on Exchange
approval);
- Issuance of 400,000 shares to Roxgold over 3 years (100,000 on
Exchange approval); and
- Exploration Expenditures of $1,770,000 over 4 years ($150,000 before
the 2nd anniversary of Exchange approval).
In addition, the Exchange has accepted for filing the following:
Private Placement-Non-Brokered:
A concurrent non-brokered private placement of 4,000,000 units @ $0.25 per
unit ($1,000,000). Each unit consist of one common share and one half (1/2)
share purchase warrant, with each full warrant exercisable for one common
share @ $0.40 over 2 years. The warrants are subject to an accelerated expiry
of 30 days following a 20 day average share price of $0.65. Finders' fees in
relation to the private placement consist of:
- Raymond James Ltd. $6,000 cash (for 480,000 units)
- Leede Financial markets Inc. $36,750 Cash (for 2,940,000 units)
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
David Taylor P 40,000 shares
Bruno Barde Y 40,000 shares
David Matwick P 30,000 shares
Tom Vinterlik P 688,000 shares
Catherine Vinterlink P 252,000 shares
Paul Trudeau P 960,000 shares
The Exchange has been advised that the above transactions have been
completed. Details of the transaction are available in the Company's Filing
Statement posted on June 1, 2010 and news release dated June 15, 2010.
Capitalization: Unlimited shares with no par value of which
14,744,625 shares are issued and outstanding
Escrow: 7,000,000 Shares subject to 36-month staged
release escrow of which 700,000 shares
are authorized to be released on
issuance of this bulletin
Symbol: "OR" (same symbol as CPC but with .P
removed)
The Company is classified as a "Mining Exploration" company.
Company Contact: Chris Bogart
Company Address: 350 - 409 Granville Street
Vancouver, BC V6C 1T2
Company Phone Number: (604) 619-0259
Company Fax Number: (604) 683-2506
Company Email Address: [email protected]
TSX-X
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PETRO HORIZON ENERGY CORP. ("PHE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Letter of intent
Agreement (LOI) date February 5, 2010, between Petro Horizon Energy Corp. (the
"Company") and Champlain Mineral Ventures Ltd. ("Champlain"), whereby the
Company can earn up to a 75% ownership interest in the Brazil Lake Lithium
Rare Earth property ("Property") in Nova Scotia., subject to 3.0% NSR payable
to Silchor Inc.
In consideration of the acquisition the Company will:
For a 37.5% interest:
- pay Champlain $120,000 cash over 2 years;
- complete $1,200,000 in exploration over 2 years;
For an addition 22.5% interest (total 60%):
- pay Champlain an addition $80,000 cash over 1 year;
- complete $800,000 in exploration over 1 years; and
For an addition 15% interest (total 75%):
- complete a feasibility study.
A finder's fee of 250,000 shares will be paid to 0873762 BC Ltd. (Carl
Erickson) with respect to the transaction.
Further details on the transaction are available in the Company's news
release dated February 10, 2010.
TSX-X
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VELO ENERGY INC. ("VLO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 5, May 14 and May 21, 2010:
Number of Shares: 27,490,315 units (each a "Unit")
Each Unit consists of one common share and one
half of one common share purchase warrant
Purchase Price: $0.30 per Unit
Warrants: 13,745,158 share purchase warrants to purchase
13,745,158 shares
Warrant Exercise Price: $0.50 for up to 18 months from date of issuance
Number of Placees: 172 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Units
Author Millholland Y 667,000
Aleksandra Owad Y 100,000
Gerald L. Roe Y 158,000
Kim Galavan Y 94,000
Gareth Noonan Y 477,000
Diana Stevens P 25,000
Jim Pratt P 500,000
Lynda Watson P 55,000
Harris Watson P 145,000
Robert Shewchuk P 1,200,000
Randall Bergh P 100,000
Kyly Investment Corp P 50,000
Jama Holdings Inc. P 75,000
Jarek Matysia P 100,000
Adam Vorberg P 290,000
Fred Hofman P 100,000
Bill Griffis P 500,000
Sal Masionis P 166,667
C. Alexander Squires P 503,333
Finder's Fee: 118,333 Units payable to Brant Securities
Limited
224,983 Units payable to Byron Securities
Limited
153,400 Units payable to Belmont Capital Corp.
20,000 Units payable to Macquarie Private Wealth
Inc. (Calgary)
111,875 Units payable to Bolder Investment
Partners, Ltd.
50,000 Units payable to Jordan Capital Markets
Inc.
61,000 Units payable to PI Financial Corp.
253,250 Units payable to Canaccord Genuity Corp.
50,000 Units payable to Macquarie Private
Wealth Inc. (Vancouver)
TSX-X
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ZAPATA ENERGY CORP. ("ZCO")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: June 16, 2010
TSX Venture Tier 2 Company
Effective April 27, 2010, the Company's Prospectus dated April 27, 2010
was filed with and accepted by TSX Venture Exchange and filed with and
receipted by the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario,
New Brunswick, Nova Scotia, Price Edward Island and Newfoundland and Labrador
Securities Commissions, pursuant to the provisions of the Securities Acts of
each respective province.
TSX Venture Exchange has been advised that closing occurred on May 5,
2010, for gross proceeds of $50,004,000.
Agents: National Bank Financial Inc.
FirstEnergy Capital Corp.
Macquarie Capital Markets Canada Ltd.
GMP Securities L.P.
CIBC World Markets Inc.
Cormark Securities Inc.
Peters & Co. Limited
Wellington West Capital Markets Inc.
Offering: 6,945,000 shares
Share Price: $7.20 per share
Agents' Commission: 5% of the gross proceeds of the Offering
TSX-X
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For further information: Market Information Services at 1-888-873-8392, or email: [email protected]
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