VANCOUVER, April 21, 2016 /CNW/ -
TSX VENTURE COMPANIES
AMERICAN CREEK RESOURCES LTD. ("AMK")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Purchase Agreement dated April 11, 2016 (the "Agreement") between the Company and an arm's length party that holds an NSR interest ("NSR Holders") related to the Company's 51% interest in the Treaty Creek property (the "Property) located in NW British Columbia. This Agreement amends an agreement from 2009 with the NSR Holders (the "Holders") and reduces the prior $6,000,000 payment obligation which was potentially triggered by entering into a deal in which the Company reduced its 51% interest in the Property.
As per the terms of the Agreement, the NSR holders are to receive 15,000,000 common shares of the Company at a deemed price of $0.05. In addition, they will hold a 2% NSR on certain Treaty Creek property mineral tenures ("Group I"), and a 1% NSR on the remaining Treaty Creek mineral tenures ("Group II"). The NSR's only apply to the Company's 51% interest in the Property. When a feasibility study has been completed on the Property, the NSR holders will be paid an aggregate sum of $1,500,000 in order for the Company to purchase 0.75% of the Group I NSR and 0.25% of the Group II NSR, with the Holders retaining 0.5%.
For further information, please refer to the Company's press release dated April 13, 2016
________________________________________
ANGEL GOLD CORP. ("ANG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: Apr 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Feb 12, 2016:
| Number of Shares: |
12,500,600 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
6,250,300 share purchase warrants to purchase 6,250,300 shares |
|
| Warrant Initial Exercise Price: |
$0.10 |
|
| Warrant Term to Expiry: |
2 Years |
|
| Number of Placees: |
18 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
Pro-Group=P |
# of Shares |
| Paulo Javier Ochoa |
Y |
266,880 |
| Allen & Christine Ambrose |
Y |
600,000 |
| Saint Thomas Capital Partners |
||
| Thomas Wharton Jr. |
Y |
3,400,000 |
| Thomas Wharton, Jr. |
Y |
200,000 |
| Jon Lehmann |
Y |
1,200,000 |
| iO Corporate Services Ltd. |
||
| Marion McGrath |
Y |
200,000 |
| Finder's Fee: |
||
| Haywood Securities Inc. |
60,000 shares; 30,000 warrants |
|
| Finder Warrant Initial Exercise Price: |
$0.10 |
|
| Finder Warrant Term to Expiry: |
Same as placement - 2 year warrant exercisable at a price of $0.10 |
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 guarantees 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.
________________________________________
AUGUSTA INDUSTRIES INC. ("AAO")
BULLETIN TYPE: Halt
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 8:55 a.m. PST, April 21, 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.
________________________________________
AUGUSTA INDUSTRIES INC. ("AAO")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 11:00 a.m. PST, April 21, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
BENTON CAPITAL CORP. ("BTC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 12:45 p.m. PST, April 20, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
BRIXTON METALS CORPORATION ("BBB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Conveyance and Bill of Sale dated April 8, 2016 between the Company and Outcrop Explorations Limited whereby the Company has purchased certain Mining Rights located in the Coleman Township, Ontario. Consideration is $1,000.00 and 27,300 common shares.
________________________________________
COLORADO RESOURCES LTD. ("CXO")
BULLETIN TYPE: Halt
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 8:09 a.m. PST, April 21, 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.
________________________________________
COLORADO RESOURCES LTD ("CXO")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 10:15 a.m. PST, April 21, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
COREX GOLD CORPORATION ("CGE")
BULLETIN TYPE: Halt
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 6:04 a.m. PST, April 21, 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.
________________________________________
COREX GOLD CORPORATION ("CGE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 9:15 a.m. PST, April 21, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
DAJIN RESOURCES CORP. ("DJI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: Apr 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Apr 12, 2016:
| Number of Shares: |
10,555,000 shares |
|
| Purchase Price: |
$0.12 per share |
|
| Warrants: |
10,555,000 share purchase warrants to purchase 10,555,000 shares |
|
| Warrant Initial Exercise Price: |
$0.17 |
|
| Warrant Term to Expiry: |
2 Years |
|
| Number of Placees: |
21 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
Pro-Group=P |
# of Shares |
| Brian Findlay |
Y |
375,000 |
| Catherine Hickson |
Y |
125,000 |
| Mark Coolbaugh |
Y |
50,000 |
| Aggregate Pro-Group |
||
| Involvement [2 Placees] |
P |
575,000 |
| Finder's Fee: |
||
| PI Financial Corp. |
$3,600.00 cash; 30,000 shares; 30,000 warrants |
|
| Haywood Securities Inc. |
20,000 shares; 20,000 warrants |
|
| Finder Warrant Initial Exercise Price: |
$0.17 |
|
| Finder Warrant Term to Expiry: |
1 share purchase warrant exercisable at $0.17 to purchase |
|
| 1 additional common share for 2 years. |
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 guarantees 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.
________________________________________
ENVIRONMENTAL WASTE INTERNATIONAL INC. ("EWS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 19, 2016:
| Number of Shares: |
3,149,109 shares |
| Purchase Price: |
$0.11 per share |
| Number of Placees: |
1 Placee |
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).
_______________________________________
GOLDEN PREDATOR MINING CORP. ("GPY")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 135,000 shares at a deemed price of $0.15 per share to certain employees and consultants of the Company as a bonus payment.
Please refer to the Company's news release of April 4, 2016 for further details.
________________________________________
HORIZON PETROLEUM LTD. ("HPL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 8:45 a.m., PST, April 21, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
KOOTENAY SILVER INC. ("KTN.WT")
BULLETIN TYPE: New Listing-Warrants
BULLETIN DATE: April 21, 2016
TSX Venture Tier 1 Company
Effective at the opening Friday, April 22, 2016, the warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Mineral Exploration/Development' company.
| Corporate Jurisdiction: |
British Columbia |
| Capitalization: |
23,103,969 warrants are issued and outstanding |
| Transfer Agent: |
Computershare Trust Company of Canada |
| Trading Symbol: |
KTN.WT |
| CUSIP Number: |
500583117 |
The warrants were issued pursuant to the Company's acquisition of Northair Silver Corp. ('Northair') which occurred on April 21, 2016. Each warrant entitles the holder to purchase one share at a price of $0.55 per share and the warrants will expire on April 21, 2021.
Up to 7,557,000 additional listed warrants may be issued to holders of Northair warrants and stock options, in the event that such warrant holders and option holders elect to exercise. Upon exercising a Northair option or Northair warrant, the holder would receive 0.35 of a common share and 0.15 of a warrant of the Company. Each whole warrant of the Company issued upon such exercise will be listed for trading on the same terms as above.
________________________________________
KOOTENAY SILVER INC ("KTN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 21, 2016
TSX Venture Tier 1 Company
Pursuant to special resolutions passed by the shareholders and optionholders of Northair Silver Corp. ('Northair'), on April 14, 2016, Northair and Kootenay Silver Inc (the "Company") have completed a plan of arrangement under the provisions of Division 5 of Part 9 of the Business Corporations Act (British Columbia). The Plan of Arrangement has been completed on April 21, 2016, and has resulted in the Company acquiring all the issued and outstanding securities of Northair, whereby the shareholders of Northair will receive 0.35 of one common share of the Company and 0.15 of one common share purchase warrant of the Company for each Northair share. Each whole warrant of the Company entitles the holder to acquire an additional common share of the Company at an exercise price of $0.55 for a term of five years from the effective date of the Arrangement.
The Company has also assumed an aggregate of 10,385,000 stock options of Northair and an aggregate of 39,995,000 common share purchase warrants of Northair which have been adjusted, such that on exercise each optionholder or warrantholder will receive 0.35 of a common share of the Company and 0.15 of a warrant of the Company. Each whole warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.55 for a term of five years from the effective date of the Arrangement.
Post - Arrangement:
| Capitalization: |
Unlimited |
shares with no par value of which |
| 152,050,658 |
shares are issued and outstanding |
|
| Escrow: |
Nil |
|
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
KTN |
(Unchanged) |
| CUSIP Number: |
500583109 |
(Unchanged) |
For further information, please see the Company's news releases dated January 13, 2016, February 8, 2016, February 26, 2016 and April 21, 2016.
________________________________________
MAYA GOLD & SILVER INC. ("MYA")
BULLETIN TYPE: Private Placement Non-Brokered
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted the filing of the documentation with respect to a Non-Brokered Private Placement as announced on February 22, 2016:
| Number of Shares: |
30,372,500 common shares |
|
| Purchase Price: |
$0.12 per common share |
|
| Warrants: |
30,372,500 warrants to purchase 30,372,500 common shares |
|
| Warrant Exercise Price: |
$0.15 per share during 24 months from the closing date |
|
| Number of Subscribers: |
25 Subscribers |
|
| Insider / Pro Group Participation: |
||
| Insider = Y / |
Number |
|
| Name |
Pro Group = P |
of Shares |
| Noureddine Mokaddem |
Y |
16,666,667 |
| John Booth |
Y |
300,000 |
| René Branchaud |
Y |
170,833 |
| Agents' Fees: |
Finders collectively received $123,125 in cash |
The Company has issued a press release dated March 24, 2016, to announce the closing of the above-mentioned Private Placement.
MAYA OR & ARGENT INC. (« MYA »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 21 avril 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 tel que annoncé le 22 février 2016:
| Nombre d'actions : |
30 372 500 actions ordinaires |
|
| Prix : |
0,12 $ par action ordinaire |
|
| Bons de souscription : |
30 372 500 bons de souscription permettant de souscrire à |
|
| 30 372 500 actions ordinaires |
||
| Prix d'exercice des bons : |
0,15 $ par action pendant 24 mois suivant la clôture du placement |
|
| Nombre de souscripteurs : |
25 souscripteurs |
|
| Participation initié / Groupe Pro : |
||
| Initié = Y / |
Nombre |
|
| Nom |
Groupe Pro = P |
d'actions |
| Noureddine Mokaddem |
Y |
16 666 667 |
| John Booth |
Y |
300 000 |
| René Branchaud |
Y |
170 833 |
| Honoraires des agents : |
Des intermédiaires ont collectivement reçu 123 125 $ en espèces |
La société a émis un communiqué de presse daté du 24 mars 2016 annonçant la clôture du placement privé précité.
___________________________________________
MUSGROVE MINERALS CORP. ("MGS")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated April 14, 2016, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the change of business and/or Reverse Take-Over pursuant to Listings Policy 5.2
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.
________________________________________
NEVADA SUNRISE GOLD CORPORATION ("NEV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Second and Final Tranche of a Non-Brokered Private Placement announced March 8, 2016 and March 16, 2016:
| Number of Shares: |
1,664,166 shares |
|
| Purchase Price: |
$0.18 per share |
|
| Warrants: |
832,082 share purchase warrants to purchase 832,082 shares |
|
| Warrant Exercise Price: |
$0.30 for an 18 month period |
|
| Number of Placees: |
14 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Warren Stanyer |
Y |
697,833 |
| Brent Petterson |
Y |
33,333 |
| Michael Sweatman |
Y |
80,000 |
| Christina Boddy |
Y |
11,000 |
| Aggregate Pro Group |
||
| Involvement [1 Placee] |
P |
40,000 |
| Finder's Fee: |
Haywood Securities Inc. $4,320 cash and 24,000 finder warrants |
|
| payable. |
||
| PI Financial Corp. $1,080 cash payable and 6,000 finder warrants |
||
| payable. |
||
| -Each finder warrant is exercisable at $0.18 into one common share |
||
| and one share purchase warrant exercisable at $0.30 for 18 months |
||
| from closing. |
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.]
________________________________________
NORTHAIR SILVER CORP. ("INM")
BULLETIN TYPE: Delist- Plan of Arrangement
BULLETIN DATE: April 21, 2016
TSX Venture Tier 1 Company
Effective at the close of business Thursday April 21, 2016, the common shares of Northair Silver Corp. ("Northair") will be delisted from TSX Venture Exchange. The delisting of Northair's common shares is being made pursuant to special resolutions passed by the shareholders and optionholders of Northair on April 14, 2016, which approved a plan of arrangement (the "Plan of Arrangement") pursuant to sections 288 to 299 of the Business Corporations Act (British Columbia) pursuant to which Kootenay Silver Inc. ("Kootenay") will acquire all of the outstanding common shares of Northair (the "Arrangement").
The Arrangement will be completed on April 21, 2016, pursuant to which Kootenay will issue; (a) 0.35 of one common share of Kootenay ("Kootenay Consideration Share"), and (b) 0.15 of one common share purchase warrant of Kootenay ("Kootenay Consideration Warrant"), in exchange for each Northair common share. Each whole Kootenay Consideration Warrant (a "Kootenay New Warrant") entitles the holder to acquire an additional Kootenay common share ("Kootenay Share") at an exercise price of $0.55 for a term of five years from the effective date of the Arrangement.
In addition, each Northair stock option (the "Northair Options") will be assumed by Kootenay and automatically adjusted as contemplated under the Arrangement such that on exercise of each adjusted Northair Option and for the same aggregate consideration payable therefore, the Northair Optionholders will be entitled to acquire and will accept in lieu of the number of Northair common shares to which such holder was entitled immediately before the Arrangement becomes effective, such number of Kootenay Consideration Shares and Kootenay Consideration Warrants as is equal to the number of Northair common share shares that the holder was entitled to receive upon exercise of the Northair Option. Each adjusted Northair Option will expire on that date which is the original expiry date of such Northair Option.
Each outstanding Northair common share purchase warrant (the "Northair Warrants") will be assumed by
Kootenay and automatically adjusted as contemplated by its terms, such that on exercise of each adjusted Northair Warrant and for the same aggregate consideration payable therefore, the holder will be entitled to acquire and will accept in lieu of the number of Northair common shares to which such holder was entitled immediately before the Arrangement becomes effective, such number of Kootenay Consideration Shares and Kootenay Consideration Warrants as is equal to the number of Northair common shares that the holder was entitled to receive upon exercise of the Northair Warrant. Such Northair Warrant shall otherwise continue to be governed by and subject to its terms.
For further information please refer to the information circular of Northair dated March 11, 2016 and the joint news releases of Northair and Kootenay dated January 13, February 8, March 16, and April 14, 2016.
________________________________________
NORTHAIR SILVER CORP. ("INM")
BULLETIN TYPE: Halt
BULLETIN DATE: April 21, 2016
TSX Venture Tier 1 Company
Effective at 1:55 p.m. PST, April 20, 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.
________________________________________
NORVISTA CAPITAL CORPORATION ("NVV")
BULLETIN TYPE: Private Placement Non-Brokered
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted the filing of the documentation with respect to a Non-Brokered Private Placement as announced on March 22, 2016:
| Number of Shares: |
27,708,332 common shares |
|
| Purchase Price: |
$0.12 per common share |
|
| Number of Subscribers: |
8 Subscribers |
|
| Insider / Pro Group Participation: |
||
| Insider = Y / |
Number |
|
| Name |
Pro Group = P |
of Shares |
| Donald H. Christie |
Y |
833,333 |
| R. Bruce Durham |
Y |
416,666 |
| Stan Spavold |
Y |
208,333 |
The Company has issued a press release dated March 29, 2016, to announce the closing of the above-mentioned Private Placement.
___________________________________________
PRISM MEDICAL LTD. ("PM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to as Asset Purchase Agreement (the "Agreement") dated March 14, 2016 between certain arm's length parties (collectively, the "Vendors") and Prism Medical Ltd. (the "Company"). Pursuant to the Agreement, the Company has acquired certain assets of the lifts and elevating business of Shoppers Home Health in the provinces of Ontario, Saskatchewan and Alberta.
In consideration the Company has paid an aggregate of approximately $2,600,000 to the Vendors.
For more information, refer to the Company's news release dated March 14, 2016.
________________________________________
SNIPP INTERACTIVE INC. ("SPN")
BULLETIN TYPE: Halt
BULLETIN DATE: April 21, 2016
TSX Venture Tier 1 Company
Effective at 9:51 a.m. PST, April 21, 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.
________________________________________
TRUE GOLD MINING INC. ("TGM")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 4, 2016:
| Convertible Debenture: |
US$15,000,000 |
| Conversion Price: |
Convertible into shares at $0.4551 per share until March 22, 2017 |
| Maturity date: |
March 22, 2017 |
| Interest rate: |
LIBOR plus 4% |
| Number of Placees: |
1 Placee |
________________________________________
VMS VENTURES INC. ("VMS")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
The Issuer has declared the following dividend(s):
| Dividend per Common Share: 0.2047 common shares of North American Nickel, Inc. ("NAN shares")(Dividend in kind of 29,987,393 |
| NAN shares currently held by VMS, to be distributed on a pro rata basis to all shareholders of VMS. |
| Payable Date: May 6, 2016 |
| Record Date: April 26, 2016 |
| Ex-Dividend Date: April 22, 2016 |
________________________________________
WESTKAM GOLD CORP. ("WKG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
Effective at 12:30 p.m. PST, April 20, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
92 RESOURCES CORP. ("NTY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Property Purchase Agreement dated February 16, 2016 between 92 Resources Corp. (the Company) and DG Resource Management Ltd., Zimtu Capital Corp and Michael Sklaventis (collectively the Vendors) whereby the Company may acquire a 100% interest in the Hidden Lake Property (1,100 hectares) located 40 kilometers northeast of Yellowknife, NWT. Consideration is $85,000 cash and 4,000,000 common shares payable over one year plus $500,000 in exploration expenditures prior to May 31, 2017. The Vendors retain a 2% NSR with the Company having the option to purchase 50% of the NSR from SG Resources Management Ltd. within 5 years.
________________________________________
NEX COMPANIES
VALPARAISO ENERGY INC. ("VPO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 21, 2016
TSX Venture NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Discretionary Wavier Pricing Non-Brokered Private Placement announced December 8, 2015:
| Number of Shares: |
6,850,000 shares |
| Purchase Price: |
$0.02 per share |
| Number of Placees: |
19 Placees |
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]
Share this article