VANCOUVER, Jan. 5, 2016 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: January 4, 2016
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on January 4, 2016 against the following company for failing to file the documents indicated within the required time period:
Symbol |
Tier |
Company |
Failure to File |
Period |
Ending |
||||
(Y/M/D) |
||||
ARW |
2 |
Aroway Energy Inc. |
annual audited financial statements |
|
as required under Part 4 of National |
||||
Instrument 51-102 Continuous |
||||
Disclosure Obligations (N1 51-102) |
||||
for the year ended |
2015/06/30 |
|||
interim financial report as required |
||||
under Part 4 of N1 51-102 for the |
||||
financial period ended |
2015/09/30 |
|||
a Form 51-102F1 Management's |
||||
Discussion and Analysis as required |
||||
under Part 5 of N1 51-102 for the |
||||
periods ended |
2015/06/30 |
|||
2015/09/30 |
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.
________________________________________
3TL TECHNOLOGIES CORP. ("TTM")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
Effective December 1, 2015, the Company's Short Form Prospectus (the "Prospectus") dated November 27, 2015, was filed with and accepted by TSX Venture Exchange Inc., and filed with and receipted by the British Columbia and Ontario Securities Commissions, pursuant to the provisions of the British Columbia and Ontario Securities Acts.
The Prospectus was filed under Multilateral Instrument 11-102 Passport System in Alberta. A receipt for the Prospectus is deemed to be issued by the regulator in this jurisdiction, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange Inc. has been advised that closing of the prospectus offering (the "Offering") occurred on December 30, 2015, for gross proceeds of $773,700.
Pursuant to the Offering, 7,737,000 common shares and 3,868,500 common share purchase warrants of the Company have been issued. Each share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.20 for 24 months. If the volume weighted average price of the Company's common shares exceeds $0.30 for any 20 consecutive trading days, and the shares trade on at least 10 of such trading days, the Company shall be entitled to accelerate the expiry of the common share purchase warrants to a date that is 30 days following notice of such acceleration.
Please refer to the news release issued by the Company on December 30, 2015.
Agent: |
Global Securities Corporation |
Offering: |
7,737,000 units |
Unit Price: |
$0.10 per unit |
Agent's Fee: |
The Agent received a cash commission equal to 8% of the gross proceeds of the Offering as well as a non-transferable option to acquire shares equal to 8% of the number of units sold under the Offering. The Company has also agreed to pay the Agent a fee of $31,500 (GST inclusive) in cash. |
________________________________________
ANTIBE THERAPEUTICS INC. ("ATE")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 6, 2015:
Convertible Debenture: |
$2,600,000. |
Conversion Price: |
Convertible into 11,818,181 common shares, at $0.22 per share until October 15, 2018. |
Maturity date: |
October 15, 2018 |
Warrants |
5,200,000 common share purchase warrants ("Warrants"). Each Warrant has a term of three years from the date of issuance of the convertible debenture and entitles the holder to purchase one common share. The Warrants are exercisable at the price of $0.31 per share until October 15, 2018. |
Interest rate: |
10 % per annum. In addition, an amount equal to 3% of the principal amount was paid on the closing date and an amount equal to 3% of the principal amount will be payable on the maturity date. |
Number of Placees: |
3 Placees |
Insider / Pro Group Participation: |
Nil. |
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.
________________________________________
BRITISH CONTROLLED OILFIELDS LIMITED ("BCO.H")
[formerly British Controlled Oilfields Limited ("BCO")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening of trading on Wednesday, January 6, 2016, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX and the Filing and Service Office will change from Calgary to NEX.
As of January 6, 2016, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from BCO to BCO.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture Exchange Bulletin dated September 18, 2015 and the Company's press releases dated September 17, 2015 and September 22, 2015, the Company remains the subject of a cease trade order and will remain suspended.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
________________________________________
CADILLAC VENTURES INC. ("CDC")
BULLETIN TYPE: Private Placement-Brokered, Convertible Debenture
BULLETIN DATE: January 5, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced December 23, 2015:
Convertible Debenture: |
CDN$150,000 principal amount |
Conversion Price: |
Convertible into common shares at $0.10 of principal amount outstanding per share until maturity. |
Warrants: |
150,000 common share purchase warrants. Each warrant is exercisable into one common share at $0.15 for a three (3) year period. |
Maturity date: |
Three (3) years from issuance |
Interest rate: |
7% per annum |
Number of Placees: |
1 Placee |
Agent Fees: |
An aggregate of $13,500 in cash and 135,000 broker warrants payable to Capitalasia Asset Management Ltd. Each broker warrant entitles the holder to acquire one common share at $0.15 for a three (3) year period. |
For further details, please refer to the Company's news release dated December 30, 2015.
________________________________________
CANSTAR RESOURCES INC. ("ROX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 2, 2015 and December 9, 2015:
Number of Shares: |
6,103,333 flow-through shares |
|
Purchase Price: |
$0.06 per share |
|
Warrants: |
6,103,333 share purchase warrants to purchase 6,103,333 shares |
|
Warrant Exercise Price: |
$0.175 for a one year period |
|
$0.25 in the second year |
||
Number of Placees: |
8 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P / |
# of Shares |
David Palmer |
Y |
1,000,000 |
Danniel Oosterman |
Y |
83,333 |
Jack Hurley |
Y |
200,000 |
Finder's Fee: |
$1,110 in cash and 29,600 finders' warrants payable to PI Financial Corp. |
|
Each finder's warrant entitles the holder to acquire one unit at $0.06 for |
||
a two year period. |
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
For further details, please refer to the Company's news releases dated December 23, 2015 and December 30, 2015.
________________________________________
INTERNATIONAL SOFTROCK OIL COMPANY LIMITED ("SOF")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,026,520 common shares of the Company ("Share") at a price of $0.05 per Share to LOA Energy Limited ("LOA"). 1,120,000 Shares are in satisfaction of the monthly consulting fee of $8,000/month for services provided by LOA from March to September 2015, along with a one-time bonus payment of 2,906,520 Shares.
Number of Creditors: |
1 Creditor |
Insider / Pro Group Participation: |
None |
Warrants: |
None |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
MACMILLAN MINERALS INC. ("MMX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 24, 2015:
Number of Shares: |
750,000 shares |
|
Purchase Price: |
$0.20 per share |
|
Number of Placees: |
1 Placee |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Carmen Yuen |
Y |
750,000 |
For further details please refer to the Company's news releases dated December 29, 2015 and January 4, 2016.
________________________________________
MEDX HEALTH CORP. ("MDX")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,550,000 common shares to settle outstanding debt for $328,955.71.
Number of Creditors: |
7 Creditors |
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Insider / Pro Group Participation: |
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Insider=Y / |
Amount |
Deemed Price |
||
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
Salumatics Inc. (David Hennigar) |
Y |
$110,668.22 |
$0.16 |
687,500 |
Sim Lowman Ashton & McKay |
||||
LLP (Ken McKay) |
Y |
$132,037.49 |
$0.13 |
1,000,000 |
Louie Canitano |
Y |
$35,000 |
$0.10 |
350,000 |
David Hennigar |
Y |
$15,000 |
$0.10 |
150,000 |
Ken McKay |
Y |
$15,000 |
$0.10 |
150,000 |
Steven Guillen |
Y |
$1,250 |
$0.10 |
12,500 |
Gary Van Nest |
Y |
$20,000 |
$0.10 |
200,000 |
For further information, please refer to the Company's news release dated October 28, 2015, November 27, 2015 and December 31, 2015.
________________________________________
MINSUD RESOURCES CORP. ("MSR")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,789,545 shares and 1,789,545 share purchase warrants to settle outstanding debt for CDN$259,772.
Number of Creditors: |
1 Creditor |
Warrants: |
1,789,545 share purchase warrants to purchase 1,789,545 shares |
Warrant Exercise Price: |
$0.35 for a two year period |
For further details, please refer to the Company's news release dated December 21, 2015.
________________________________________
NAPIER VENTURES INC ("NAP")
BULLETIN TYPE: Resume Trading, Reviewable Transaction-Announced
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
Effective at the opening, Wednesday, January 6, 2016, trading in the Company's shares will resume.
This resumption of trading does not constitute acceptance of the Reviewable Transaction, and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The Company is required to submit all of the required initial documentation relating to the transaction. 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. 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.
________________________________________
NORONT RESOURCES LTD. ("NOT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: January 5, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,446,552 common shares to settle outstanding debt for $1,125,413.84.
Number of Creditors: |
1 Creditor |
For further information, please refer to the Company's news release dated December 31, 2015.
________________________________________
NIKOS EXPLORATIONS LTD. ("NIK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to the Memorandum of Understanding dated September 24, 2015 between the Company and Brunswick House First Nation, Chapleau Cree First Nation and Chapleau Ojibway First Nation. The Company will issue an aggregate 150,000 common shares and 150,000 warrants exercisable at $0.05 per share for a five year period.
________________________________________
PAGET MINERALS CORP. ("PGS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 16, 2015 and January 4, 2016:
Number of Securities |
3,000,000 Subscription Receipts |
|
Purchase Price: |
$0.05 Per Subscription Receipt |
|
Terms of the Securities: |
PGS plans a 15:1 share consolidation. Special Meeting to be held on Jan 19, 2016. |
|
Financing and warrant price are on post-consolidation basis, with the subscription |
||
receipt conversion contingent upon shareholder approval. |
||
Warrants: |
3,000,000 share purchase warrants to purchase 3,000,000 shares |
|
Warrant Initial Exercise Price: |
$0.10 |
|
Warrant Term to Expiry: |
3 Years |
|
Number of Placees: |
12 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
Pro-Group=P |
# of Shares |
Pacific Opportunity Capital Ltd. |
||
(Mark T. Brown) |
Y |
950,000 |
Aggregate Pro-Group |
||
Involvement [3 Placees] |
P |
1,000,000 |
Finder's Fee: |
||
Haywood Securities Inc. |
$2,500.00 cash; 70,000 Finder's Options. Each Finder's Option is exercisable |
|
at $0.05 for 3 years for 1 post-consolidation common share and 1 post- |
||
consolidation warrant. Each 1 post-consolidation warrant is exercisable at |
||
$0.10 for 3 years for 1 post-consolidation common share. |
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
________________________________________
SONOR INVESTMENTS LIMITED ("SNI.PR.A")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: January 5, 2016
TSX Venture Tier 1 Company
The Issuer has declared the following dividend:
Dividend per 1st Preference share: |
$0.225 |
Payable Date: |
March 15, 2016 |
Record Date: |
March 1, 2016 |
Ex-dividend Date: |
February 26, 2016 |
________________________________________
STAKEHOLDER GOLD CORP. ("SRC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 17, 2015:
Number of Shares: |
660,000 flow through shares |
Purchase Price: |
$0.10 per share |
Number of Placees: |
6 Placees |
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).
________________________________________
NEX COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: January 4, 2016
NEX Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on January 4, 2016 against the following company for failing to file the documents indicated within the required time period:
Symbol |
Tier |
Company |
Failure to File |
Period |
Ending |
||||
(Y/M/D) |
||||
SVP.H |
NEX |
Sceptre Ventures Inc. |
annual audited financial statements |
|
as required under Part 4 of National |
||||
Instrument 51-102 Continuous |
||||
Disclosure Obligations (N1 51-102) |
||||
for the year ended |
2015/06/30 |
|||
interim financial report as required |
||||
under Part 4 of N1 51-102 for the |
||||
financial period ended |
2015/09/30 |
|||
a Form 51-102F1 Management's |
||||
Discussion and Analysis as required |
||||
under Part 5 of N1 51-102 for the |
||||
periods ended |
2015/06/30 |
|||
2015/09/30 |
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.
________________________________________
WANGTON CAPITAL CORP. ("WT.H")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: January 5, 2016
NEX Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 31, 2015, trading in the shares of the Company will remain halted pending review of compliance with Exchange requirements.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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