VANCOUVER, Dec. 2 /CNW/ -
TSX VENTURE COMPANIES:
AFRICAN GOLD GROUP, INC. ("AGG")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 12:36 p.m. PST, December 2, 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.
________________________________________
AMSECO EXPLORATION LTD. ("AEL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 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 November 29, 2010:
Number of Shares: | 3,697,687 flow-through common shares and 2,313 common shares | |||||
Purchase Price: | $0.16 per flow-through common share and common share | |||||
Warrants: | 1,850,000 warrants to purchase 1,850,000 common shares | |||||
Warrants Exercise Price: | $0.25 per share for a period of 24 months following the closing of the Private Placement | |||||
Number of Placees: | 4 placees | |||||
Finder's Fees: | First Canadian Securities Inc. ("First") was paid $20,404.80 in cash while Union Securities was paid $6,000. Further, First was issued 132,540 warrants to purchase 132,540 common shares at an exercise price of $0.25 per share until November 29, 2012. |
The Company has confirmed the closing of the above-mentioned Private Placement by way of a news release.
EXPLORATION AMSECO LTÉE. (« AEL »)
TYPE DE BULLETIN: Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 2 décembre 2010
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 29 novembre 2010 :
Nombre d'actions : | 3 697 687 actions ordinaires accréditives et 2 313 actions ordinaires | |||||
Prix : | 0,16 $ par action ordinaire accréditive et ordinaire | |||||
Bons de souscription : | 1 850 000 bons de souscription permettant d'acquérir 1 850 000 actions ordinaires | |||||
Prix d'exercice des bons : | 0,25 $ l'action pendant une période de 24 mois suivant la clôture du placement privé. | |||||
Nombre de souscripteurs : | 4 souscripteurs | |||||
Honoraires d'intermédiation : | First Canadian Securities inc. (« First ») a été payé 20 404,80 $ en espèces et Valeurs mobilières Union inc. a été payé 6 000 $. De plus, First a reçu 132 540 bons de souscription permettant d'acquérir 132 540 actions ordinaires au prix d'exercice de 0,25 $ l'action jusqu'au 29 novembre 2012. |
La société a confirmé la clôture du placement privé ci-avant mentionné par voie de communiqué de presse.
_______________________________________
AMSECO EXPLORATION LTD. ("AEL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 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 November 29, 2010:
Number of Shares: | 334,000 common shares | |||||
Purchase Price: | $0.12 per common share | |||||
Warrants: | 334,000 warrants to purchase 334,000 common shares | |||||
Warrants Exercise Price: | $0.16 per share for a period of 24 months following the closing of the Private Placement | |||||
Number of Placees: | 1 placee |
The Company has confirmed the closing of the above-mentioned Private Placement by way of a news release.
EXPLORATION AMSECO LTÉE. (« AEL »)
TYPE DE BULLETIN: Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 2 décembre 2010
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à un placement privé sans l'entremise d'un courtier, tel qu'annoncé le 29 novembre 2010 :
Nombre d'actions : | 334 000 actions ordinaires | |||||
Prix : | 0,12 $ par action ordinaire | |||||
Bons de souscription : | 334 000 bons de souscription permettant d'acquérir 334 000 actions ordinaires | |||||
Prix d'exercice des bons : | 0,16 $ l'action pendant une période de 24 mois suivant la clôture du placement privé. | |||||
Nombre de souscripteurs : | 1 souscripteur |
La société a confirmé la clôture du placement privé ci-avant mentionné par voie de communiqué de presse.
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ANFIELD NICKEL CORP. ("ANF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 13, 2010:
Number of Shares: | 6,160,300 shares | ||||
Purchase Price: | $3.75 per share | ||||
Number of Placees: | 71 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||
Martin Rip Marshall Koval Lumina Capital Limited Partnership (Ross Beaty) |
Y Y Y |
1,300 2,500 2,054,333 |
|||
Finders' Fees: | |
Wolverton Securities Ltd. - $39,562.50 Trimark Capital (Ibrahim Abdulla) - $500,000.00 Haywood Securities Inc. - $69,937.50 Jones Gable & Company Ltd. - $17,250.00 Raymond James Ltd. - $3,000.00 |
|
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.
________________________________________
ARGONAUT EXPLORATION INC. ("AGA")
BULLETIN TYPE: Regional Office Change
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and accepted the change of the Filing and Regional Office from Toronto to Calgary.
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ARTHA RESOURCES CORPORATION ("AHC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 26, 2010:
Number of Shares: | 20,000,000 shares | |||||
Purchase Price: | $0.15 per share | |||||
Warrants: | 10,000,000 share purchase warrants to purchase 10,000,000 shares | |||||
Warrant Exercise Price: | $0.30 for a two year period | |||||
Number of Placees: | 66 placees | |||||
Finders' Fees: | RBS Morgans Limited (Christopher MacDonald) - $18,150 and 18,150 warrants that are exercisable into common shares at $0.30 per share for a two year period. | |||||
CIBC Wood Gundy -$13,583 and 13,583 warrants that are exercisable into common shares at $0.30 per share for a two year period. | ||||||
Haywood Securities - $630.00 | ||||||
Intersuisse Limited (Andrew Sekeley) - $17,284.00 and 17,284 warrants that are exercisable into common shares at $0.30 per share for a two year period. | ||||||
Vertas Securities Limited (Nelson Reynolds) - $16,065.00. | ||||||
Dayton Way Financial Pty Ltd. (David H. Sutton) - $43,380.00 and 43,380 warrants that are exercisable into common shares at $0.30 per share for a two year period. | ||||||
Taylor Collison (Craig Ball, Michael Whiting, Robert Fraser, Guy Collison and Mark Pittman) - $25,000 and 25,000 warrants that are exercisable into common shares at $0.30 per share for a two year period. |
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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ASIAN RESOURCE GLOBAL STRATEGIES INC. ("GSI.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
The shares of the Company were listed on TSX Venture Exchange on January 2, 2009. The Company, which is 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. If the Company fails to complete a QT by its 24-month anniversary date of January 4, 2011, the Company's trading status may be changed to a halt or suspension without further notice, in accordance with Exchange Policy 2.4, Section 14.6.
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AURCREST GOLD INC. ("AGO")
[formerly Tribute Minerals Inc. ("TBM")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders November 23, 2010, the Company has consolidated its capital on a 5 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening December 3, 2010, the common shares of AurCrest Gold Inc. will commence trading on TSX Venture Exchange, and the common shares of Tribute Minerals Inc. will be delisted. The Company is classified as a 'Gold and Base Metal Mining' company.
Post - Consolidation Capitalization: Escrow: |
unlimited 26,168,827 0 |
shares with no par value of which shares are issued and outstanding shares |
|||||
Transfer Agent: | Equity Financial Trust Company | ||||||
Trading Symbol: CUSIP Number: |
AGO 05153A101 |
(new) (new) |
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BARD VENTURES LTD. ("CBS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with a Purchase and Sale Agreement dated November 22, 2010 between Brian Fowler, Patrick Kelly and William Roberts (the "Optionors") and the Company whereby the Company has been granted an option to acquire a 100% undivided right, title and interest in the Owl Lake Property that is located northeast of Terrace Bay, in the Thunder Bay Mining Division, Ontario. Consideration is $100,000, 600,000 common shares (200,000 shares to each of the Optionors) and $400,000 in exploration expenditures over a five year period. The Company granted a 2% Net Smelter Return to the Optionors with an option to buy back 1% subject to further Exchange review and acceptance.
________________________________________
CANACO RESOURCES INC. ("CAN")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 6:18 a.m. PST, December 2, 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.
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CANACO RESOURCES INC. ("CAN")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 7:30 a.m. PST, December 2, 2010, shares of the Company resumed trading, an announcement having been made over StockWatch..
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CANAM COAL CORP. ("COE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a letter of intent dated October 26, 2010 (the "LOI") between the Company and Job Land & Mineral Inc. ("JLM"). As per the terms of the LOI, the Company will acquire an additional 49% working interest, bringing the total to 98%, of RAC Mining LLC. In consideration the Company will pay JLM an aggregate of US$1,650,000 comprised of: a cash payment of US$625,000, assumption by the Company of a maximum of US$950,000 of JLM's indebtedness and a US$75,000 gross overriding royalty payable at a rate of US$1 per ton mined subsequent to the closing of the transaction.
No Insider / Pro Group Participation
________________________________________
CAYDEN RESOURCES INC. ("CYD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an option agreement (the "Option Agreement") among Cayden Resources Inc. (the "Company"), La Camera Mining Inc. ("La Camera"), Minera La Camera Mexico, SA de CV ("La Camera Mex") and L.C. Mines, SA de CV ("LCM") providing for the option (the "Option") to acquire 100% of the issued and outstanding shares in the capital of LCM from La Camera and La Camera Mex. LCM holds the rights to the Morelos Sur Gold Property, located in Guerrero State, Mexico. Under the terms of the Option Agreement, the consideration payable to La Camera is:
- a US$1,947,000 loan ("Loan") to LCM within two days of acceptance of the Option Agreement by the Exchange (advanced). The Loan is unsecured, non-interest bearing and due on demand but only if the Option has been fully exercised. If the Option is not exercised, the Company will provide LCM with a release releasing LCM from repayment of the Loan.
- such number of units of Cayden equivalent in value to CDN$11,50,000 where each unit is comprised of one common share of the Company and one-half warrant and each whole warrants (a "Warrant")will entitle the holder to acquire a further common share of the Company. The value of the common shares will be the 20 day average trading price of the Company's common shares (the "Share Price") calculated commencing 10 days in advance of notice given by the Company of the exercise of the Option and ending 10 days after the exercise of the Option. The exercise price of the Warrants will be the Share Price for a period of two years from the date of issue of the Warrants.
- US$1,000,000 in exploration expenditures to be incurred on the Morelos Sur Gold Property on or before February 15, 2011.
In the event the Company exercises the Option, it will be responsible for funding LCM's option payments under an underlying option agreement between LCM and Industrial Minera Mexico, S.A. de C.V. ("IMMSA") the owner of the Morelos Sur Gold Property (the "IMMSA Agreement"). Under the terms of the IMMSA Agreement, LCM has the option to acquire the Morelos Sur Gold Property, subject to certain royalties, in consideration of two payments being US$3,000,000 plus Value Added Tax ("VAT") on April 11, 2011 and US$7,500,000 plus VAT on October 10, 2011.
The Company will pay a finder's fee of in common shares of the Company equivalent in value to CDN$1,150,000 at the Share Price to Sean Harlingten and 0888858 BC Ltd (Erin Ricketts).
For further information see the Company's news release of October 15, 2010 which is available on SEDAR under the Company's profile.
________________________________________
CSM SYSTEMS CORP. ("CKX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 28, 2010:
Number of Shares: | 2,330,000 shares | ||||
Purchase Price: | $0.05 per unit | ||||
Warrants: | 1,165,000 share purchase warrants to purchase 1,165,000 shares | ||||
Warrant Exercise Price: | $0.10 for a two year period | ||||
The Warrants are subject to an early exercise provision as described in the press release dated September 28, 2010. | |||||
Number of Placees: | 14 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||
Gervin Antypowich John Goofers Wally McNeil Susan Lett |
Y Y Y Y |
200,000 200,000 200,000 200,000 |
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.
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EMPIRE MINING CORPORATION ("EPC")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Royalty Agreement (the "Agreement") dated November 1, 2010 between Empire Mining Corporation and its subsidiaries (the "Company") and Anglo Pacific Group PLC (TSX: "APY"), pursuant to which the Company has agreed to sell to APY a 3% royalty (the "Royalty") over the Company's Bulqiza property located in Albania, and to complete a Non-Brokered Private Placement. The aggregate consideration payable by APY for the foregoing transactions is $4,105,000.
Private Placement - Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 5, 2010:
Number of Shares: | 6,700,000 shares | |||||
Purchase Price: | $0.225 per share | |||||
Number of Placees: | 1 placee |
Insider / Pro Group Participation: N/A. At the time the Agreement was entered into the Company was at arm's length with APY.
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.
For further information on the above noted transactions please read the Company's news releases dated May 25, 2010, September 30, 2010 and November 5, 2010.
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ENHANCED OIL RESOURCES INC. ("EOR")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Further to the bulletin issued on January 8, 2010, the bulletin should have read as follows:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 10, 2009:
Number of Shares: | 4,052,600 shares | ||||
Purchase Price: | $0.25 per share | ||||
Warrants: | 4,052,600 share purchase warrants to purchase 4,052,600 shares | ||||
Warrant Exercise Price: | $0.40 for a one year period | ||||
Number of Placees: | 34 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||
Bruce Kvellestad Steve Engh Barry Lasker Don Currie Ed Parker Kyle Willis John Dorrier |
P P Y Y Y Y Y |
50,000 100,000 200,000 120,000 100,000 50,000 200,000 |
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Finders' Fees: | |
$27,040 cash payable to Union Securities Ltd. $7,700 cash payable to Northern Securities Inc. $4,600 cash payable to Raymond James Ltd. $18,600 cash payable to Last Mountain Management Inc. (Douglas Bolen) $8,000 cash payable to General Research (Georg Hochwimmer) |
|
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.
________________________________________
ENHANCED OIL RESOURCES INC. ("EOR")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: December 2, 2010
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: Original Expiry Date of Warrants: New Expiry Date of Warrants: Exercise Price of Warrants: |
4,052,600 December 4, 2010 December 4, 2011 $0.40 |
These warrants were issued pursuant to a private placement of 4,048,000 shares with 4,048,000 share purchase warrants attached, which was accepted for filing by the Exchange effective January 8, 2010 and amended by the Company on December 2, 2010 with the final correct numbers of 4,052,600 shares with 4,052,600 share purchase warrants attached.
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EURASIAN MINERALS INC. ("EMX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 2, 2010
TSX Venture Tier 1 Company
Effective at the opening, December 2, 2010, shares of the Company resumed trading, an announcement having been made over StockWatch.
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E-XACT TRANSACTIONS LTD. ("EXZ")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 11:57 a.m. PST, December 2, 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.
________________________________________
FIRESTEEL RESOURCES INC. ("FTR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 20, 2010:
Number of Shares: | |
4,981,000 common shares 1,600,000 flow-through shares |
|
||
Purchase Price: | |
$0.07 per unit $0.085 per flow-through share |
|
||
Warrants: | 4,981,000 share purchase warrants to purchase 4,981,000 common shares | ||||
Warrant Exercise Price: | $0.12 per share for a period of two years | ||||
Number of Placees: | 23 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Units |
|||
Colin Marks Brenda-Ann Marks |
P P |
170,000 75,000 |
|||
Finder's Fee: | |
Canaccord Genuity Corp. - $47,617.00 cash and 648,100 Broker Warrants Each Broker Warrant is exercisable at a price of $0.07 pr share for a period of one year. |
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.
________________________________________
GEOROX RESOURCES INC. ("GXR")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 6:24 a.m. PST, December 2, 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.
________________________________________
GEOROX RESOURCES INC. ("GXR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 8:15 a.m., PST, December 2, 2010, shares of the Company resumed trading, an announcement having been made over StockWatch.
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GOLDEN DAWN MINERALS INC. ("GOM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an option agreement (the "Agreement") dated October 28, 2010 between Golden Dawn Minerals Inc. (the "Company") and Kettle River Resources Inc. (the "Vendor"), pursuant to which the Company has the option to acquire a 100% interest in the Tam O'Shanter prospect (the "Property") located in the Greenwood Mining Division of BC.
The aggregate consideration payable by the Company to the Vendor within a four year period is:
- $230,000 in cash ($85,000 cash payable in the first year);
- issue 1,500,000 common shares of the Company (487,500 common shares issuable in the first year); and,
- complete work commitments of $2,000,000 on the Property ($150,000 of expenditures within the first year).
Insider / Pro Group Participation: N/A. At the time the Agreement was entered into the Company and the Vendor were at arm's length to each other.
For further information please read the Company's news release dated November 1, 2010.
________________________________________
INTERNATIONAL BIO RECOVERY CORPORATION ("IBR")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 6,378,368 shares and 5,000,000 share purchase warrants to settle outstanding debt of $446,485.76.
Number of Creditors: | 2 Creditors | |||||
Warrants: | 5,000,000 share purchase warrants to purchase 5,000,000 shares | |||||
Warrant Exercise Price: | $0.12 for a two year period |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
INTERNATIONAL BIO RECOVERY CORPORATION ("IBR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 19, 2010:
Number of Shares: | 11,024,728 shares | ||||
Purchase Price: | $0.055 per share | ||||
Warrants: | 11,024,728 share purchase warrants to purchase 11,024,728 shares | ||||
Warrant Exercise Price: | $0.12 for a two year period | ||||
Number of Placees: | 4 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||
Thomas Anderson Robert Bosa Ottavio Boffo Brian Kask |
Y Y Y Y |
5,512,363 1,837,455 1,837,455 1,837,455 |
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.]
________________________________________
MATAMEC EXPLORATIONS INC. ("MAT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an Option Agreement dated March 17, 2010, whereby the Company has the option to acquire a property adjacent to the Company's Matheson JV gold project, located within the Timmins Gold Camp, in the province of Ontario.
The Company is required to issue a total of 100,000 shares (20,000 in the first year) and make a cash payment of $80,000 ($5,000 within the first year).
The Vendor shall retain a 1% Net Smelter Royalty on which the Company retains the right of first refusal of its purchase.
For further information, please refer to the Company's press release dated October 28, 2010.
MATAMEC EXPLORATIONS INC. (« MAT »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 2 décembre 2010
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une convention d'option datée du 17 mars 2010, selon laquelle la société a l'option d'acquérir une propriété située dans le camp minier de Timmins, dans la province de l'Ontario.
La société doit émettre un total de 100 000 actions ordinaires (20 000 pendant la première année) et effectuer un paiement de 80 000 $ (5 000 $ pendant la première année).
Le vendeur conservera une royauté de 1 % du produit net de la vente des métaux sur laquelle la société maintien le droit du premier refus concernent son achat.
Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 28 octobre 2010.
________________________________
MATAMEC EXPLORATIONS INC. ("MAT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an Option Agreement dated March 17, 2010, whereby the Company has the option to acquire a property adjacent to the Company's Matheson JV gold project, located within the Timmins Gold Camp, in the province of Ontario.
The Company is required to issue a total of 100,000 shares (20,000 in the first year) and make a cash payment of $80,000 ($5,000 within the first year).
The Vendor shall retain a 1% Net Smelter Royalty on which the Company retains the right of first refusal of its purchase.
For further information, please refer to the Company's press release dated October 28, 2010.
MATAMEC EXPLORATIONS INC. (« MAT »)
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 2 décembre 2010
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une convention d'option datée du 17 mars 2010, selon laquelle la société a l'option d'acquérir une propriété située dans le camp minier de Timmins, dans la province de l'Ontario.
La société doit émettre un total de 100 000 actions ordinaires (20 000 pendant la première année) et effectuer un paiement de 80 000 $ (5 000 $ pendant la première année).
Le vendeur conservera une royauté de 1 % du produit net de la vente des métaux sur laquelle la société maintien le droit du premier refus concernent son achat.
Pour plus d'information, veuillez vous référer au communiqué de presse émis par la société le 28 octobre 2010.
________________________________
OZCAPITAL VENTURES INC. ("OZZ.P")
BULLETIN TYPE: New Listing-CPC-Shares
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
This Capital Pool Company's ('CPC') Prospectus dated October 28, 2010 has been filed with and accepted by TSX Venture Exchange and the Alberta, British Columbia, and Ontario Securities Commissions effective November 1, 2010 pursuant to the provisions of the Alberta, British Columbia, and Ontario Securities Acts. The common shares (the Common Shares) of the Company will be listed on TSX Venture Exchange on the effective date stated below.
The Company has completed its initial distribution of securities to the public. The gross proceeds received by the Company for the Offering were $600,000 (6,000,000 Common Shares at $0.10 per share).
Commence Date: | At the opening December 3, 2010 the Common Shares will commence trading on TSX Venture Exchange. | |||||||
Corporate Jurisdiction: | Alberta | |||||||
Capitalization: Escrowed Shares: |
Unlimited 10,000,000 4,000,000 |
Common Shares with no par value of which Common Shares are issued and outstanding Common Shares |
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Transfer Agent: Trading Symbol: CUSIP Number: |
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Olympia Trust Company OZZ.P 692672 10 8 |
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Sponsoring Members: | Leede Financial Markets Inc., Canaccord Capital Corporation, GMP Securities L.P. and Penson Financial Services Canada Inc. | |||||||
Agent's Options: | 600,000 non-transferable stock options. One option to purchase one share at $0.10 per share up to December 3, 2012. | |||||||
For further information, please refer to the Company's Prospectus dated October 28, 2010. | ||||||||
Company Contact: Company Address: Company Phone Number: |
|
Doug Walker, President and Chief Executive Officer 10812 Bearspaw Drive East Edmonton, Alberta T6J 5G1 (780) 439-8995 |
Seeking QT primarily in this sector:
- Oil and Gas
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PARLANE RESOURCE CORP. ("PPP")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining to an Option Agreement dated November 25, 2010 between Parlane Resource Corp. (the 'Company') and Derrick Strickland, pursuant to which the Company may acquire an undivided 100% interest in 31 claims covering approximately 14,366 hectares located in the Omineca Mining Division of British Columbia, known as the Big Bear Project. In consideration the Company will make cash payments of $600,000, undertake a minimum of $650,000 of exploration expenditures and issue an aggregate of 1,200,000 common shares and 1,200,000 warrants, where each warrant is exercisable at a the greater of $0.25 and a 20% premium to the 30 day moving average on the dated that the warrants are issued.
DATE |
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|
|
CASH EXPENDITURES |
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|
|
SECURITIES |
|
|
|
WORK |
Upon Exchange acceptance Year 2 Year 3 |
|
|
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$150,000 $200,000 $250,000 |
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300,000 shs and 300,000 wts 400,000 shs and 400,000 wts 500,000 shs and 500,000 wts |
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$150,000 $500,000 |
In addition, there is a 2% net smelter return relating to the acquisition. The Company may, at any time, purchase 1% of the net smelter return for $1,000,000 in order to reduce the total net smelter return to 1%.
A finder's fee of $14,000 and 100,000 shares is payable to Derrick Strickland. Upon Exchange approval 34,000 shares will be issued, and 66,000 shares will be issued in Year 2.
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PERSHIMCO RESOURCES INC. ("PRO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 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 November 10, 2010:
Number of Shares: | 2,857,141 class "A" common shares | |||||
Purchase Price: | $0.35 per class "A" common share | |||||
Warrants: | 1,428,570 warrants to purchase 1,428,570 common shares. | |||||
Warrant Exercise Price: | $0.50 per share for a 12-month period. | |||||
Number of Placees: | 7 placees | |||||
Finder's Fee: | $37 500 was paid in cash to Achrisia Amériques Inc. |
The Company has issued a press release announcing the closing of the above-mentioned Private Placement.
RESSOURCES PERSHIMCO INC. (« PRO »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 2 décembre 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 10 novembre 2010 :
Nombre d'actions : | 2 857 141 actions ordinaires de la catégorie « A » | |||||
Prix : | 0,35 $ par action ordinaire de la catégorie « A » | |||||
Bons de souscription : | 1 428 570 bons de souscription permettant de souscrire à 1 428 570 actions | |||||
Prix d'exercice des bons : | 0,50 $ par action pour une période de 12 mois. | |||||
Nombre de souscripteurs : | 7 souscripteurs | |||||
Honoraire d'intermédiaire : | 37 500 $ a été payé en espèces à Achrisia Amériques inc. |
La société a émis un communiqué de presse annonçant la clôture du placement privé précité.
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PROPHECY RESOURCE CORP. ("PCY")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 1 Company
Effective at 8:39 a.m. PST, December 2, 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.
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QUSTREAM CORPORATION ("QVC")
BULLETIN TYPE: Delist
BULLETIN DATE: December 2, 2010
TSX Venture Tier 1 Company
Effective at the close of business December 24, 2010, the common shares will be delisted from TSX Venture Exchange at the request of the Company.
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 17, 2010 and November 19, 2010:
Number of Shares: | 5,800,000 flow through shares | ||||
Purchase Price: | $0.65 per share | ||||
Number of Placees: | 19 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||
Scott Hunter Kerry Smith Ali Pejman |
P P P |
100,000 100,000 200,000 |
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Finder's Fee: | Axemen Resource Capital Ltd. receives $42,125.62, 194,422 shares and 259,231 non-transferable finder's fee warrants, each exercisable for one share at a price of $0.70 per share for an 18 month period. |
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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ROCKHAVEN RESOURCES LTD. ("RK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 4, 2010 and November 19, 2010:
Number of Shares: | 8,571,442 shares | ||||
Purchase Price: | $0.70 per share | ||||
Warrants: | 4,285,721 share purchase warrants to purchase 4,285,721 shares | ||||
Warrant Exercise Price: | $1.00 for a two year period. The warrants have an acceleration provision such that if the closing price of the Company's shares is $1.25 or greater for a period of ten consecutive trading days following the expiry of the hold period, then the Company may give notice that the warrants will expiry 30 days after such notice. | ||||
Number of Placees: | 23 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||
Frank Stronach John Tognetti |
P P |
15,000 1,557,857 |
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Finders' Fees: | Axemen Resource Capital Ltd. receives $57,899.80, 248,144 finder's units, with the same terms as the above private placement, and 330,858 non-transferable finder's warrants, each exercisable for one share at a price of $0.70 for an eighteen month period and subject to the same acceleration provision as above. | ||||
Haywood Securities Inc. receives 128,571 finder's units, with the same terms as the above private placement, and 128,571 non-transferable finder's warrants, each exercisable for one share at a price of $0.70 for an eighteen month period and subject to the same acceleration provision as above. | |||||
Raymond James Ltd. receives $11,999.99, and 17,143 non-transferable finder's warrants, each exercisable for one share at a price of $0.70 for an eighteen month period and subject to the same acceleration provision as above. | |||||
MGI Securities Inc. receives $17,999.98, and 25,714 non-transferable finder's warrants, each exercisable for one share at a price of $0.70 for an eighteen month period and subject to the same acceleration provision as above. |
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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ROCKLAND MINERALS CORP. ("RL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 2, 2010:
Number of Shares: | 1,500,000 flow through shares | |||||
Purchase Price: | $0.18 per share | |||||
Warrants: | 750,000 share purchase warrants to purchase 750,000 shares | |||||
Warrant Exercise Price: | |
$0.28 for a one year period $0.36 in the second year |
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Number of Placees: | 1 placee |
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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RPT RESOURCES LTD. ("RPT")
BULLETIN TYPE: Regional Office Change, Remain Halted
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Pursuant to Policy 1.2, TSX Venture Exchange has been advised of, and accepted the change of the Filing and Regional Office from Vancouver to Calgary.
Trading in the shares of the Company will remain halted.
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SEAFIELD RESOURCES LTD. ("SFF")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 9:22 a.m. PST, December 2, 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.
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SIGMA INDUSTRIES INC. ("SSG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,000,000 shares at a deemed price of $0.40 per share post-consolidation, to settle an outstanding debts of $400,000. The Company has completed a share-consolidation on the basis of one new share for four shares previously held, effective on December 2, 2010.
Number of Creditors: | 1 creditor |
The Company shall issue a press release when the shares are issued and the debt extinguished.
SIGMA INDUSTRIES INC. (« SSG »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 2 décembre 2010
Société du groupe 1 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 1 000 000 d'actions au prix réputé de 0,40 $ l'action, en règlement de dettes de 400 000 $.
Nombre de créanciers : | 1 créancier |
La société doit émettre un communiqué de presse lorsque les actions seront émises et que la dette sera réglée.
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SIGMA INDUSTRIES INC. ("SSG")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE: December 2, 2010
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on August 4, 2010:
Convertible Debenture: | $500,000 | ||||
Conversion Price: | Principal is convertible into common shares at a conversion price of $0.10 per share post-consolidation for a period of 5 years following the closing date of the private placement. The Company has completed a share-consolidation on the basis of one new share for four shares previously held, effective on December 2, 2010. | ||||
Maturity Date: | Five years from the closing date of the private placement | ||||
Interest Rate: | 12% per annum | ||||
Warrants: | 5,000,000 warrants to purchase 5,000,000 common shares | ||||
Warrants Exercise Price: | $0.10 per common share post-consolidation during 5 years following the closing of the Private Placement. | ||||
Number of Placees: | 5 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider = Y / Pro Group = P |
Number of Shares upon conversion of debentures |
|||
Denis Bertrand Jean-François Doré Bruno Doyon |
Y Y Y |
1,000,000 1,000,000 1,000,000 |
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.
SIGMA INDUSTRIES INC. (« SSG »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier, débenture convertible
DATE DU BULLETIN : Le 2 décembre 2010
Société du groupe 1 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 4 août 2010 :
Débenture convertible : | 500 000 $ | ||||
Prix de conversion : | Le capital est convertible en actions ordinaires au prix de conversion de 0,10 $ par action post-consolidation pendant 5 ans suivant la clôture du placement privé. La société a complété une consolidation du capital-actions sur la base d'une nouvelle action pour quatre actions anciennement détenues, qui est entrée en vigueur le 2 décembre 2010. | ||||
Date d'échéance : | Cinq ans suivant la date de clôture du placement privé | ||||
Taux d'intérêt : | 12 % par année | ||||
Bons de souscription : | 5 000 000 de bons de souscription permettant d'acquérir 5 000 000 d'actions ordinaires | ||||
Prix d'exercice des bons : | 0,10 $ post-consolidation pendant 5 ans suivant la clôture du placement privé. | ||||
Nombre de souscripteurs : | 5 souscripteurs | ||||
Participation des initiés / Groupe Pro : | |||||
Nom |
Initié = Y / Groupe Pro = P |
Nombre d'actions lors de la conversion des débentures |
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Denis Bertrand Bruno Doyon Jean-François Doré |
Y Y Y |
1 000 000 1 000 000 1 000 000 |
En vertu du paragraphe 1.11(d) de la politique 4.1 du manuel de finance corporatif de la Bourse, la société doit émettre un communiqué de presse annonçant la clôture du placement privé et précisant les dates de la (des) période(s) de rétention. La société doit aussi émettre un communiqué de presse si le placement privé ne se clôture pas dans le délai prévu.
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SILVERCREST MINES INC. ("SVL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 2, 2010
TSX Venture Tier 1 Company
Effective at the opening, December 2, 2010, shares of the Company resumed trading, an announcement having been made over StockWatch.
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SILVER QUEST RESOURCES LTD. ("SQI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining to a Purchase Option Agreement dated November 19, 2010 between Silver Quest Resources Ltd. (the 'Company') and the optionors, Farrell Andersen, Karl Ziehe and Roger Hulstein, pursuant to which the Company has the option to acquire a 100% working interest in 75 quartz mining claims, covering approximately 1,560 hectares and located approximately 140 kilometers northwest of Carmacks, in the Whitehorse Mining District Yukon. In consideration the Company will pay a total of $225,000 and issue a total of 351,000 shares as follows:
ON OR BEFORE | CASH | SHARES | |||||||
7 days of Exchange Acceptance First Anniversary Second Anniversary Third Anniversary |
$50,000 $25,000 $50,000 $100,000 |
51,000 51,000 99,000 150,000 |
In addition, there is a 2% net smelter return royalty relating to the acquisition. The Company may, at any time for a three year period after exercising the option, purchase 1% of the net smelter return for $1,000,000 in order to reduce the total net smelter return to 1%.
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SOLUTIONINC TECHNOLOGIES LIMITED ("STL")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 6:39 a.m. PST, December 2, 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.
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SONORA GOLD & SILVER CORP. ("SOC")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 6:20 a.m. PST, December 2, 2010, trading in the shares of the Company was halted pending contact with the Company; 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.
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STERLING RESOURCES LTD. ("SLG")
BULLETIN TYPE: Halt
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 6:31 a.m. PST, December 2, 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.
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STERLING RESOURCES LTD. ("SLG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
Effective at 8:00 a.m. PST, December 2, 2010, shares of the Company resumed trading, an announcement having been made over StockWatch.
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TRINCAN CAPITAL CORP. ("TRN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 24, 2010:
Number of Shares: | |
2,000,000 units ("Units") Each Unit consists of one common share and one half of one common share purchase warrant |
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Purchase Price: | $0.15 per Unit | ||||
Warrants: | 1,000,000 share purchase warrants to purchase 1,000,000 shares | ||||
Warrant Exercise Price: | $0.25 until November 23, 2012 | ||||
Number of Placees: | 12 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Units |
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Savitri Franz Raymond Martin Ian MacPherson Gary Bogdanovich Jason Baibokas |
Y P P P P |
100,000 100,000 30,000 200,000 200,000 |
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Finders' Fees: | |
$3,000 cash payable to Haywood Securities Inc. $3,300 cash payable to Union Securities Ltd. $10,500 cash payable to Jessop Capital Inc. |
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NEX COMPANY:
COBRE EXPLORATION CORP. ("CKB")
[formerly Cobre Exploration Corp. ("CKB.H")]
BULLETIN TYPE: Change of Business, Private Placement-Non-Brokered, Graduation from NEX to TSX Venture, Symbol Change
BULLETIN DATE: December 2, 2010
NEX Company
TSX Venture Exchange has accepted for filing Cobre Exploration Corp.'s (the 'Company') Change of Business (the 'COB') and related transactions, all as principally described in its filing statement dated November 5, 2010 (the 'Filing Statement'). The COB includes the following matters, all of which have been accepted by the Exchange.
1. Acquisition of a 60% interest in the Iron Lake Property:
Under an option agreement dated June 1, 2008, as amended on October 17, 2008, June 9, 2009 and February 21, 2010, between the Company and Eastfield Resources Ltd. ("Eastfield") the Company was granted an option to acquire up to a 60% interest in and to the Iron Lake Mineral property (the "Property") by Eastfield.
In order to earn its 60% interest in the Property, the Company is required to make cash payments in the amount of $175,000, issue a total of 266,665 common shares, issue such number of shares as are valued at $100,000 based on the 20 day trading price average of the shares, and incur exploration expenditures on the Property aggregating $1,500,000 over a five year period.
As of the date of this bulletin, $10,000 cash has been paid to Eastfield and 233,332 common shares have been issued to Eastfield. The Company has also incurred exploration expenditures on the Property in the amount of $112,859 pursuant to the terms of the Option Agreement.
The Exchange has been advised that the Company's acquisition of the Iron Lake Property has received shareholder approval. For additional information refer to the Filing Statement available under the Company's profile on SEDAR.
2. Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 2, 2010:
Number of Shares: | 4,262,500 shares | ||||
Purchase Price: | $0.22 per share | ||||
Warrants: | 2,131,250 share purchase warrants to purchase 2,131,250 shares | ||||
Warrant Exercise Price: | $0.35 for a two year period | ||||
Number of Placees: | 37 placees | ||||
Insider / Pro Group Participation: | |||||
Name |
Insider=Y / ProGroup=P / |
# of Shares |
|||
Martin Burian Nigel Selby Jill Anglin Leone LeGree Graham Moore Michael Marosits Lisa Stefani David Elliott David Shepherd Bill Anglin |
P P P P P P P P P P |
100,000 100,000 125,000 15,000 85,000 100,000 100,000 200,000 50,000 125,000 |
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Finders' Fees: | |
Leede Financial Markets Inc. - $48,664 and 213,200 warrants that are exercisable at $0.35 per share for a 24 month period ("Finder Warrants"). Haywood Securities Inc. - $8,800 and 48,000 Finder Warrants. Wolverton Securities Ltd. - $880 and 4000 Finder Warrants. Bolder Investment Partners, Ltd. - $1,760 and 8,000 Finder Warrants. |
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3. Graduation from NEX to TSX Venture:
The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Friday, December 3, 2010, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Vancouver.
The Company is classified as a 'Mineral Exploration' company.
Capitalization: Escrow: |
Unlimited 15,397,770 354,995 |
shares with no par value of which shares are issued and outstanding shares are subject to an 18 month staged escrow release and 2,364,000 shares are subject to a 36 month staged escrow release |
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Transfer Agent: | Olympia Trust Company | ||||||
Trading Symbol: CUSIP Number: |
CKB 191044 20 5 |
(new) (UNCHANGED) |
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For further information:
Market Information Services at 1-888-873-8392, or email: [email protected]
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