VANCOUVER, Aug. 5, 2016 /CNW/ -
TSX VENTURE COMPANIES
AZIMUT EXPLORATION INC. ("AZM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 5, 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: |
7,812,500 common shares |
| Purchase Price: |
$0.32 per common share |
| Warrants: |
3,906,250 warrants to purchase 3,906,250 common shares |
| Warrant Exercise Price: |
$0.45 per share until July 22, 2018 |
| Number of Placees: |
36 Placees |
| Insider/Pro Group Subscription: |
Nil |
| Finders: |
Sprott Global Resources Investments, Ltd. & Haywood Securities Inc. |
| Finders' Fees: |
An aggregate of $63,460 in cash. |
The Company has confirmed the closing of the above-mentioned Private Placement pursuant to a news release dated July 25, 2016.
EXPLORATION AZIMUT INC. (« AZM »)
TYPE DE BULLETIN : Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 5 août 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 : |
7 812 500 actions ordinaires |
| Prix : |
0,32 $ par action ordinaire |
| Bons de souscription : |
3 906 250 bons de souscription permettant de souscrire à 3 906 250 actions ordinaires. |
| Prix d'exercice des bons : |
0,45 $ par bon de souscription jusqu'au 22 juillet 2018 |
| Nombre de souscripteurs : |
36 souscripteurs |
| Participation initié / Groupe Pro : |
Aucun |
| Intermédiaires : |
Sprott Global Resources Investments, Ltd. et Haywood Securities Inc. |
| Honoraires des intermédiaires : |
Un total de 63 460 $ en espèces. |
La société a confirmé la clôture du placement privé mentionné ci-dessus en vertu d'un communiqué de presse daté du 25 juillet 2016.
_______________________________________________
BLACKROCK GOLD CORP. ("BRC")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing an option and joint venture agreement (the "Agreement") between Blackrock Gold Corp. ("Blackrock") and Golden Tiger Minerals Inc. ("Golden Tiger") dated June 1, 2016, pursuant to which Blackrock has been granted an option to acquire up to an 80% interest in certain rights Golden Tiger holds relating to a property known as the Medicine Springs Property. The property comprises 149 unpatented mineral claims and is located in Elko County, Nevada.
Golden Tiger has the rights (the "Leasehold Rights") to explore and operate on the Medicine Springs Property pursuant to an agreement (the "Underlying Agreement") with the property owners, Herb Duerr and Steve Sutherland. The Underlying Agreement provides that Golden Tiger must make certain cash payments to the owners, issue shares of Golden Tiger to the owners and provide work commitment funds. The initial term of the Underlying Agreement is 20 years. Blackrock has the option to acquire a minimum 50% interest and a maximum 80% interest in the Leasehold Rights subject to a 3% net smelter royalty in favour of Messrs. Duerr and Sutherland and a 0.5% net smelter royalty in favour of Nevada Eagle Resources, LLC, a subsidiary of Newmont Mining Corporation.
To acquire the minimum interest Blackrock has to (a) pay US$150,000 to Golden Tiger, US$50,000 of which was paid upon execution of the Agreement and US$50,000 which is due on or before the first and second anniversaries of the Agreement; (b) issue 600,000 shares to Golden Tiger, 200,000 shares to be issued within 5 days of the date of Exchange approval and a further 200,000 shares on or before the first and second anniversary of the Agreement; and (c) make expenditures of US$600,000 on the Medicine Springs Property, US$100,000 of which is to be incurred on or before the first anniversary of the Agreement and US$500,000 on or before the second anniversary of the Agreement.
To acquire the maximum interest, Blackrock has to have earned the minimum interest and Blackrock has to (a) pay an additional US$150,000 to Golden Tiger, US$50,000 of which is due on or before the third, fourth and fifth anniversaries of the Agreement; (b) issue an additional 400,000 shares to Golden Tiger, 200,000 shares to be issued on or before the third and fourth anniversary of the Agreement; and (c) make expenditures of an additional US$1,650,000 on the Medicine Springs Property, US$500,000 of which is to be incurred on or before the third and fourth anniversary of the Agreement and US$650,000 on or before the fifth anniversary of the Agreement.
For further information, please see Blackrock's news releases dated June 16, 2016 which is available under Blackrock's profile on SEDAR.
________________________________________
FIORE EXPLORATION LTD. ("F")
[formerly Rouge Resources Ltd. ("ROU")]
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Name Change
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to an agreement dated May 26, 2016 (the "Agreement"), between Rouge Resources Ltd. (the "Company") and Arena Minerals Inc. ("Arena"). Pursuant to the Agreement, the Company acquired the right to acquire up to 100% of the El Penon property, Chile (the "Property").
Consideration for the Property is as follows:
| CASH |
SHARES |
EXPLORATION |
|
| Closing |
US$225,000 |
14,900,000 |
- |
| July 27, 2017 |
US$525,000 |
- |
US$1,830,000 |
Insider / Pro Group Participation: N/A
A finder's fee of 870,000 shares will be paid, as to 270,000 shares to Fiore Management & Advisory Corp. and 600,000 shares to Nicolas Barr.
For additional information please refer to the Company's news releases dated June 15, 2016 and August 4, 2016.
Name Change
Pursuant to a board resolution passed on June 15, 2016, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Monday, August 8, 2016, the common shares of Fiore Exploration Ltd. will commence trading on TSX Venture Exchange, and the common shares of Rouge Resources Ltd. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
| Capitalization: |
unlimited shares with no par value of which |
| 80,443,171 shares are issued and outstanding |
|
| Escrow: |
nil escrow shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
| Trading Symbol: |
F (new) |
| CUSIP Number: |
31809M 10 9 (new) |
________________________________________
GOLDCLIFF RESOURCE CORPORATION ("GCN")
BULLETIN TYPE: Halt
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
Effective at 1:34 p.m. PST, August 4, 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.
________________________________________
GROWMAX RESOURCES CORP. ("GRO")
[formerly Americas Petrogas Inc. ("BOE")]
BULLETIN TYPE: Name Change
BULLETIN DATE: August 5, 2016
TSX Venture Tier 1 Company
Pursuant to a resolution passed by shareholders on June 27, 2016, the Company has changed its name to GrowMax Resources Corp. There is no consolidation of capital.
Effective at the opening on Tuesday, August 9, 2016, the common shares of GrowMax Resources Corp. will commence trading on TSX Venture Exchange, and the common shares of Americas Petrogas Inc. will be delisted. The Company is classified as a 'Oil and Gas Exploration and Production' company.
| Capitalization: |
Unlimited shares with no par value of which |
| 215,925,645 shares are issued and outstanding |
|
| Escrow: |
None shares escrowed |
| Transfer Agent: |
Computershare Trust Company |
| Trading Symbol: |
GRO (NEW) |
| CUSIP Number: |
39986E105 (NEW) |
________________________________________
INSPIRA FINANCIAL INC. ("LND")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: August 4, 2016
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
| Dividend per Common Share: |
$0.005 |
| Payable Date: |
August 31, 2016 |
| Record Date: |
August 17, 2016 |
| Ex-Dividend Date: |
August 15, 2016 |
________________________________________
NEW DESTINY MINING CORP. ("NED")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 23, 2016:
| Number of Shares: |
2,500,000 shares |
| Purchase Price: |
$0.06 per share |
| Warrants: |
2,500,000 share purchase warrants to purchase 2,500,000 shares |
| Warrant Exercise Price: |
$0.15 for a five year period; subject to an accelerated expiry |
| Number of Placees: |
12 Placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / |
# of Shares |
| Zelen Consulting Inc. (Anthony Zelen) |
Y |
200,000 |
| Robert Birmingham |
Y |
200,000 |
| Aggregate Pro Group Involvement |
P |
600,000 |
| [4 Placees] |
||
| Finder's Fee: |
$6,000 payable to Haywood Securities Inc., with 100,000 warrants exercisable at $0.15 for five years |
|
The Company issued a news release on August 5, 2016 confirming closing of the private placement.
________________________________________
NOVRA TECHNOLOGIES INC. ("NVI")
BULLETIN TYPE: Halt
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
Effective at 6:21 a.m. PST, August 5, 2016, trading in the shares of the Company was halted, pending company contact. 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.
________________________________________
NOVRA TECHNOLOGIES INC. ("NVI")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
Effective at 9:45 a.m. PST, August 5, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
PYNG MEDICAL CORP. ("PYT")
BULLETIN TYPE: Convertible Debenture/s, Amendment, Warrant Term Extension
BULLETIN DATE: August 5, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has consented to the amendment of the following convertible debenture/s and warrants. The amendment extends the maturity and expiry dates as follows:
| Convertible Debenture |
$530,000 convertible into common shares at $0.05 per common share until August 8, 2016 |
| Amended Maturity Date: |
September 8, 2016 |
| Original Warrant Terms: |
10,600,000 warrants exercisable at $0.05 per share until August 8, 2016 |
| Amended Expiry Date: |
September 8, 2016 |
The convertible debenture/s were issued pursuant to a private placement which was originally accepted for filing by the Exchange on September 10, 2009 and amended August 8, 2014 and September 15, 2015.
________________________________________
ROSITA MINING CORPORATION ("RST")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 22, 2016:
| Number of Shares: |
17,000,000 shares |
| Purchase Price: |
$0.05 per share |
| Warrants: |
17,000,000 share purchase warrants to purchase 17,000,000 shares |
| Warrant Exercise Price: |
$0.055 for a two year period |
| Number of Placees: |
49 Placees |
| Insider / Pro Group Participation: |
| Name |
Insider=Y / |
# of Shares |
| Aggregate Pro Group Involvement |
P |
4,960,000 |
| [17 Placee(s)] |
||
| Finder's Fee: |
an aggregate of $24,045, plus 329,910 units (each unit exercisable at a price of $0.05 for a period of 2 years into a common share and one warrant, with each warrant being further exercisable at the same terms as the warrants above), payable to Beacon Securities Limited, Haywood Securities Inc., PI Financial Corp. and Canaccord Genuity Corp. |
|
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
STARR PEAK EXPLORATION LTD. ("STE")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 14,801,908 shares and to settle outstanding debt for $814,105.
Number of Creditors: 5 Creditors
| Creditor |
Insider=Y / |
Amount Owing |
Deemed Price per Share |
# of Shares |
| J. Frank Callaghan |
Y |
$394,753 |
$0.055 |
7,177,327 |
| Standard Drilling and Engineering Ltd. |
Y |
$287,300 |
" |
5,223,636 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
VENDOME RESOURCES CORP. ("VDR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 18, 2016:
| Number of Shares: |
13,333,331 flow through shares |
| 59,008,331 non flow through shares |
|
| Purchase Price: |
$0.0075 per share |
| Warrants: |
29,504,166 share purchase warrants to purchase 29,504,166 shares |
| Warrant Exercise Price: |
$0.01 for a three year period |
| Number of Placees: |
41 Placees |
Insider / Pro Group Participation:
| Name |
Insider=Y / |
# of Shares |
| Aggregate Pro Group Involvement |
P |
1,333,333 |
| [1 Placee(s)] |
||
| Finder's Fee: |
$54,256.25, and 7,234,166 broker warrants, each exercisable into common shares at the same terms as the warrants above, payable to First Republic Capital Corporation |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
VISIBLE GOLD MINES INC. ("VGD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 5, 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: |
11,029,000 flow-through common shares |
| Purchase Price: |
$0.05 per flow-through common share |
| Warrants: |
5,514,500 warrants to purchase 5,514,500 common shares |
| Warrant Exercise Price: |
$0.10 per share until June 17, 2019 |
| Number of Placees: |
2 Placees |
| Insider / Pro Group Participation: |
Nil |
| Finders: |
Secutor Capital Management Corp. and Marquest Capital Markets |
| Finders' Fees: |
The issuer paid a cash commission in the amount of $44,116, representing 8 % of the gross proceeds raised in the private placement and issued an aggregate of 882,320 broker warrants. Each broker warrant will entitle its holder to acquire one common share of the Issuer at a price of $0.10 per share unitl June 17, 2019 |
The Company has confirmed the closing of the above-mentioned Private Placement by way of a press release dated June 17, 2016.
LES MINES D'OR VISIBLE INC. (« VGD »)
TYPE DE BULLETIN: Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 5 août 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 : |
11 029 000 actions ordinaires accréditives |
| Prix : |
0,05 $ par action ordinaire accréditive |
| Bons de souscription : |
5 514 500 bons de souscription permettant de souscrire à 5 514 500 actions ordinaires. |
| Prix d'exercice des bons : |
0,10 $ l'action jusqu'au 17 juin 2019. |
| Nombre de souscripteurs : |
2 souscripteurs |
| Participation initié / Groupe Pro : |
Aucun |
| Intermédiaires : |
Secutor Capital Management Corp. et Marquest Capital Markets |
| Honoraires d'intermédiation : |
La Société a payé une commission en espèce de 44 116 $ représentant 8 % du produit brut tiré du placement privé. Et a émis un total de 882 320 bons de souscription du courtier. Chaque bon de souscription permettra à son titulaire de souscrire à une action ordinaire au prix de 0,10 $ par action jusqu'au 17 juin 2019. |
La société a confirmé la clôture du placement privé précité par voie d'un communiqué de presse daté du 17 juin 2016.
____________________________________
NEX COMPANIES
GEA TECHNOLOGIES LTD. ("GEA.H")
[formerly Gold Ridge Exploration Corp. ("GEA.H")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: August 5, 2016
NEX Company
Pursuant to a resolution passed by shareholders June 1, 2016, the Company has consolidated its capital on a 5 old for 1 new basis. The name of the Company has also been changed as detailed below.
Effective at the opening Monday, August 8, 2016, the common shares of GEA Technologies Ltd. will commence trading on TSX Venture Exchange, and the common shares of Gold Ridge Exploration Corp. will be delisted. The Company is classified as an 'Oil and Gas Exploration and Development' company.
| Post - Consolidation |
|
| Capitalization: |
unlimited shares with no par value of which |
| 8,641,400 shares are issued and outstanding |
|
| Escrow: |
nil shares subject to escrow |
| Transfer Agent: |
TSX Trust Company |
| Trading Symbol: |
GEA.H (UNCHANGED) |
| CUSIP Number: |
36164R106 (new) |
________________________________________
PACIFIC ARC RESOURCES LTD. ("PAV.H")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 5, 2016
NEX Company
Pursuant to a Directors' Resolution dated July 25, 2016, the Company has consolidated its capital on a 10 old for 1 new basis. The name of the Company has not been changed.
Effective at the opening August 8, 2016, the common shares of Pacific Arc Resources Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mining Exploration' company.
| Post - Consolidation |
|
| Capitalization: |
Unlimited shares with no par value of which |
| 2,514,584 shares are issued and outstanding |
|
| Escrow |
Nil shares are subject to escrow |
| Transfer Agent: |
TMX Equity Transfer Services |
| Trading Symbol: |
PAV.H (UNCHANGED) |
| CUSIP Number: |
693832206 (new) |
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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