TSX Venture Exchange Daily Bulletins

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TSX Venture Exchange

Jan 14, 2016, 18:29 ET

VANCOUVER, Jan. 14, 2016 /CNW/ -

TSX VENTURE COMPANIES

ALDEVER RESOURCES INC. ("ALD")
BULLETIN TYPE:  Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

Further to the bulletin dated May 11, 2015 TSX Venture Exchange has accepted for filing an Amended Property Option Agreement dated January 8, 2016 between the Company and Lions Gate Metals Inc. whereby the Company can earn a 100% interest in the Poplar Project that is located in Central British Columbia.  Pursuant to the second amendment the Company will issue an additional 2,500,000 commons shares upon Exchange acceptance in addition to the 1,500,000 common shares issued under the first amendment.  Aggregate cash consideration is reduced to $2,350,000 from $2,900,000 (payable over a four year period) and the requirement to completed $3,000,000 in exploration expenditures within four years is extended to six years. 

________________________________________

CB GOLD INC. ("CBJ")
RED EAGLE MINING CORPORATION ("RD")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company and TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for expedited filing documentation pertaining to an agreement dated December 15, 2015 between CB Gold Inc. ('CBJ') and Red Eagle Mining Corporation ('RD'), pursuant to which CBJ will issue 17,550,654 shares to RD in consideration for RD issuing 2,843,206 shares to the shareholders of Real Minera Inc. in satisfaction certain obligations with respect to the Vetas gold project.

________________________________________

CO2 SOLUTIONS INC. ("CST")
BULLETIN TYPE:   Prospectus-Unit Offering, Prospectus-Debenture Offering
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

The Company's Base Shelf Prospectus dated November 23, 2015 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta, British Columbia, Ontario and Autorité des marchés financiers du Québec pursuant to the provisions of the Alberta, British Columbia, Ontario and Québec Securities Act. TSX Venture Exchange has also accepted the filing of the Company's first Prospectus Supplement (dated December 23, 2015).

Offering:                                         

The offering consists in a minimum of $1 250 000 units (the "Units") and a maximum of $2,000,000 Units. Each Unit consists of $1,000 principal amount of 12% convertible secured debentures and 4,348 warrants. Each warrant entitles the holder to purchase one common share at a price of $0.24 until December 31, 2017.


Offering Price:                                 

$1,000 per Unit.


Warrant Exercise Price:                  

$0.24 until December 31, 2017.


Agent:                                             

Euro Pacific Canada Inc.


Agent's Commission:                        

Up to 6% of the gross proceeds in cash and non-transferable broker warrants to purchase a number of common shares as equal to 6% of the number of common shares issuable upon conversion of the debentures sold, each broker warrant exercisable to purchase one common share at $0.24 per common share until June 30, 2017.


Over-Allotment Option:                    

The agent have been granted an over-allotment option, exercisable for a period of 30 days following the closing, to purchase a number of additional Units equal to 15% of the number of Units qualified under the offering (representing up to 300 additional Units).


Details of the Debentures:


Maturity Date:                                  

The debentures will mature on December 31, 2017


Interest:                                           

12% per year.



Security:                                          

All of the obligations of the Company under the debentures are secured by a movable hypothec on substantially all present and future movable property of the Company.


Conversion:                                     

Each Debenture is convertible in common shares at the option of the holder at any time prior to the close of business on the tenth business day preceding the maturity date at a conversion price (the "Conversion Price") of $0.23 per share. Holders who convert their debentures will receive accrued interest in addition to a make-whole payment equal to the interest amount that such holder would have received if such holder had held the debentures until the maturity date. The Company will pay the make-whole amount (if any) in common shares at the higher of the Conversion Price and the prevailing market price upon payment of the make-whole amount.

The Company has confirmed the closing of the public offering by means of news release dated December 30, 2015. The aggregate gross proceeds received by the Company for the offering is $2,093,000 (including the partial exercise of the over-allotment option). The agent received a commission of $103,080 in cash and 546,000 broker warrants.

CO2 SOLUTIONS INC. (" CST ")
TYPE DE BULLETIN :  Émission d'unités par prospectus, Émission de débentures par prospectus
DATE DU BULLETIN : Le 14 janvier 2016
Société du groupe 2 de TSX Croissance

Le prospectus préalable de base simplifié de la société daté du 23 novembre 2015 a été déposé et accepté par la Bourse de croissance TSX et a été déposé et visé par l'Autorité des marchés financiers et les Commissions des valeurs mobilières de l'Alberta, la Colombie-Britannique et l'Ontario, en vertu des dispositions des Lois sur les valeurs mobilières du Québec, l'Alberta, la Colombie-Britannique et l'Ontario.  La Bourse de croissance TSX a également accepté le dépôt du premier supplément à ce prospectus (daté du 23 décembre 2015).

Offre :                                             

Le placement consiste en un minimum de 1 250 000 $ d'unités (les « unités ») et un maximum de 2 000 000 $ d'unités. Chaque unité inclut 1 000 $ de montant en capital de débentures convertibles garanties 12% et 4 348 bons de souscription. Chaque bon de souscription permet au détenteur d'acquérir une action ordinaire au prix de 0,24 $ jusqu'au 31 décembre 2017.


Prix d'offre:                                     

1 000 $ par unité.


Prix d'exercice des bons:                 

0,24 $ par action jusqu'au 31 décembre 2017.


Agent:                                             

Euro Pacific Canada Inc.


Commission à l'agent :                    

Un maximum de 6 % du produit total payable en espèces et des bons de courtier non-transférables permettant de souscrire un nombre d'actions ordinaires égal à 6% du nombre d'actions ordinaires pouvant être émises lors de la conversion des débentures vendues, chaque bon de courtier permettant de souscrire une action ordinaire au prix de 0,24 $ par action ordinaire jusqu'au 30 juin 2017.


Option d'attribution excédentaire :    

L'agent a reçu une option d'attribution excédentaire, exerçable pendant une période de 30 jours suivant la clôture, permettant de souscrire un nombre d'unités additionnelles égale à 15% du nombre d'unités visées par le placement (représentant un maximum de 300 unités additionnelles).


Détails des débentures:


Date d'échéance :                            

Les débentures viendront à échéance le 31 décembre 2017.


Taux d'intérêt :                                  

12% par année.



Sûreté :                                             

Les obligations de la société aux termes des débentures sont garanties par une hypothèque grevant la quasi-totalité des biens meubles actuels et futurs de la société.


Conversion :                                     

Chaque débenture est convertible en actions ordinaires à l'option du détenteur en tout temps avant la fermeture des affaires le dixième jour précédant la date d'échéance à un prix de conversion (le « prix de conversion ») de 0,23 $ par action. Les détenteurs qui convertissent leurs débentures recevront les intérêts accumulés en plus d'un paiement global (le « montant global ») égal au montant d'intérêt que le détenteur aurait reçu si ce détenteur avait détenu les débentures jusqu'à la date d'échéance. La société paiera le montant global (si applicable) en actions ordinaires au plus élevé du prix de conversion et le cours en vigueur lors du paiement du montant global.

La société a confirmé la clôture de l'appel public à l'épargne dans le communiqué de presse du 30 décembre 2015. Le produit brut reçu par la société en vertu de l'appel public à l'épargne est de 2 093 000 $ (incluant l'exercice partiel de l'option d'attribution excédentaire). L'agent a reçu une commission de 103 080 $ en espèces et 546 000 bons de courtier.

________________________________________

DEALNET CAPITAL CORP. ("DLS")
BULLETIN TYPE:  Shares for Bonuses
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,000,000 non-transferable bonus warrants in consideration for the subscription of an aggregate of CDN$10,000,000 in secured debentures of a wholly-owned subsidiary of the Company.

The debentures bear interest at rate of 5.99% per annum and mature (10) ten years from issuance.

For further details, please refer to the Company's news releases dated December 21, 2015 and January 12, 2016.

________________________________________

FOCUS GRAPHITE INC. ("FMS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 14, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement:

Number of Shares:                                         

15,333,800 flow-through common shares





Purchase Price:                                             

$0.10 per flow-through common share





Number of Placees:                                        

6 Placees



Insider / Pro Group Participation:


Insider = Y /                                                                                          

Number

Name                                                             

Pro Group = P                                                                                  

of Shares

Jeffrey York                                                    

Y                                                                                                         

1,000,000



Finders:                                                           

Secutor Capital Management Corp. and Marquest Capital Markets



Finders' Fees:                                                 

An aggregate of $114,670.40 in cash and 1,146,704 non-transferable



warrants (each exercisable into one common share at a price of $0.10



for 24 months following closing).

The Company has announced the closing by way of press release dated December 23, 2015.

FOCUS GRAPHITE INC. (« FMS »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 14 janvier 2016
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 :

Nombre d'actions :                                         

15 333 800 actions ordinaires accréditives



Prix :                                                              

0,10 $ par action ordinaire accréditive



Nombre de souscripteurs :                              

6 souscripteurs



Participation initié / Groupe Pro :


Initié = Y /                                                                                                

Nombre

Nom                                                                

Groupe Pro = P                                                                                    

 d'actions

Jeffrey York                                                     

Y                                                                                                           

1 000 000



Intermédiaires :                                               

Secutor Capital Management Corp. et Marquest Capital Markets



Honoraires des intermédiaires :                       

Un total de 114 670,40 $ en espèces et 1 146 704 bons de souscription



non-transférables, chacun permettant d'acquérir une action ordinaire



de la société au prix de 0,10 $ l'action pendant une période de 24 mois



suivant la date de clôture.

La société a annoncé la clôture du placement privé par voie de communiqué de presse daté du 23 décembre 2015.

__________________________________________

HIGHBANK RESOURCES LTD. ("HBK")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 17, 2015:

Number of Shares:                                         

6,386,250 shares



Purchase Price:                                             

$0.08 per share



Warrants:                                                       

6,386,250 share purchase warrants to purchase 6,386,250 shares



Warrant Exercise Price:                                  

$0.15 for a one year period




$0.20 in the second year



Number of Placees:                                         

17 Placees



Insider / Pro Group Participation:


Insider=Y /


Name                                                              

ProGroup=P                                                                                          

# of Shares

Gary Musil                                                       

Y                                                                                                                     

55,000

Victor Bryant                                                   

Y                                                                                                                    

100,000



Finder's Fee:                                                 

$1,920 payable to 360 Aviation Services Inc. (Pamela Smith-Gander)

$8,000 payable to Melissa Loucks

The Company issued a news release on October 2, 2015 confirming closing of the first tranche. A news release was issued on January 12, 2016 confirming closing of the second tranche.  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.

________________________________________

HODGINS AUCTIONEERS INC. ("HA")
BULLETIN TYPE:  Halt
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

Effective at 5:00 a.m. PST, January 14, 2016, trading in the shares of the Company was halted at the request of the Company, pending news.  This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

MEDGOLD RESOURCES CORP. ("MED")
BULLETIN TYPE:  Warrant Term Extension
BULLETIN DATE:  January 14, 2016
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:                                                     

5,345,000

Original Expiry Date of Warrants:                         

February 4, 2016

New Expiry Date of Warrants:                               

February 4, 2017

Exercise Price of Warrants:                                  

$0.15

These warrants were issued pursuant to a private placement of 16,550,000 shares with 16,550,000 share purchase warrants attached, which was accepted for filing by the Exchange effective February 3, 2014.

________________________________________

RATHDOWNEY RESOURCES LTD. ("RTH")
BULLETIN TYPE:  Shares for Bonuses
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,970,527 bonus warrants, each exercisable for one share at a price of $0.17 per share for a one year period in consideration of four loans totalling $335,000.

________________________________________

SANTACRUZ SILVER MINING LTD. ("SCZ")
BULLETIN TYPE:  Shares for Bonuses
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,000,000 warrants to Arturo Prestamo in consideration of for guaranteeing a US$725,000 loan bearing interest at a rate of LIBOR plus 10%, which is repayable in six monthly installments ending June 30, 2016.  The warrants are exercisable at a price of $0.15 per share and have a one year term.

________________________________________

SIMAVITA LIMITED ("SV")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

Effective at 7:00 a.m., PST, January 14, 2016, shares of the Company resumed trading, an announcement having been made.

________________________________________

XIMEN MINING CORP. ("XIM")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  January 14, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 16, 2015:

SECOND TRANCHE:




Convertible Debenture:                                     

$200,000



Conversion Price:                                             

Convertible into 4,000,000 units consisting of one common share and



one common share purchase warrant at $0.05 per unit if converted in



the first year and $0.10 per unit if converted after the first year. 





Maturity date:                                                     

Five years from date of issuance.





Warrants:                                                          

Any units converted within the first year shall have warrants exercisable



at $0.05 per common share.  Each unit that is converted after the first



year shall have warrants having an exercise price of $0.10 per common



share.  Each warrant will have an exercise term of two years subject to



the proviso that all warrants shall expire on the 5th anniversary of the



issuance date. 





Interest rate:                                                      

10%



Number of Placees:                                           

5 Placees



Insider / Pro Group Participation:


Insider=Y /


Name                                                                

ProGroup=P                                                                                               

Amount

Chris Anderson                                                 

Y                                                                                                                  

$40,000

________________________________________

NEX COMPANIES

DELRAND RESOURCES LIMITED ("DRN.H")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  January 14, 2016
NEX Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 23, 2015:

Number of Shares:                                                        

9,000,000 shares



Purchase Price:                                                            

$0.08 per share



Number of Placees:                                                       

5 Placees



Insider / Pro Group Participation:


Insider=Y /


Name                                                                             

ProGroup=P                                                                      

# of Shares

Arnold T. Kondrat                                                          

Y                                                                                            

7,100,000

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.

________________________________________

SOURCE TSX Venture Exchange

Market Information Services at 1-888-873-8392, or email: [email protected]

Organization Profile

TSX Venture Exchange