VANCOUVER, Aug. 11, 2016 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: August 11, 2016
Re: Notice of Policy Amendments: Policy 4.5 – Rights Offerings
On January 18, 2016, the TSX Venture Exchange (the "Exchange") published a Notice to Issuers providing guidance with respect to Policy 4.5 - Rights Offerings ("Policy 4.5") of the Exchange's Corporate Finance Manual (the "Manual") in light of the adoption by the Canadian Securities Administrators ("CSA") of amendments relating to rights offerings (the "CSA Amendments"). The Exchange has received all required regulatory approvals to formally amend Policy 4.5 to incorporate that guidance. Accordingly, the Exchange is implementing its amended Policy 4.5 – Rights Offerings, effective immediately.
The full text of the amended Policy 4.5 along with a blackline to the previously existing version of Policy 4.5 (dated December 15, 2008) are now available on the Exchange's website at the following page:
Please note that while a rights offering circular is no longer subject to CSA review and approval prior to delivery to an Issuer's security holders, the Exchange still requires the pre-clearance of rights offering documents, including the rights offering notice (Form 45-106F14) together with the rights offering circular (Form 45-106F15), or the rights offering prospectus (the "Rights Offering Documents") under Policy 4.5. The Rights Offering Documents should be filed in draft form with the Exchange prior to finalization in order to provide sufficient time for the Exchange to review the pricing, mechanics and timing of the rights offering in order to maintain an orderly market for the trading of the listed securities and the rights.
A summary of substantive amendments to Policy 4.5 follows. Capitalized terms not specifically defined in this bulletin have the meanings ascribed to them in Policy 1.1 – Interpretation or Policy 4.5.
Determination of Record Date
The CSA Amendments were designed to make prospectus-exempt rights offerings more attractive to reporting issuers by streamlining the review and approval process. To that end, the Exchange has changed the date by which all deficiencies in the Rights Offering Documents must be resolved from at least seven trading days to at least five trading days prior to the record date.
Minimum Rights Subscription Price - $0.01
Policy 4.5 has been amended to provide that the subscription price for securities to be acquired on the exercise of rights cannot in any case be less than $0.01.
Minimum Warrant Exercise Price
Policy 4.5 has been amended to provide that the minimum exercise price of a Warrant forming part of a unit to be acquired on the exercise of a right must not be less than the Market Price of the Issuer's Listed Shares prior to the news release announcing the rights offering and in any case must not be less than $0.05.
Fractional Rights
Policy 4.5 has been amended to delete the requirement that Shareholders receive exactly one right for each security held and accordingly, fractions of rights may be issued provided that the number of rights required to purchase a security is a whole number.
Optional Listing of Rights
Policy 4.5 has been amended to expressly provide that rights may be, but are not required to be, listed for trading on the Exchange, at the election of the Issuer. Nevertheless, all rights must be transferable.
New Large Shareholders
Policy 4.5 has been amended to provide that shareholder approval of the creation of any new Control Person of the Issuer as a consequence of a stand-by commitment for a rights offering generally will not be required provided that the rights are listed for trading on the Exchange and the subscription price for the rights is at a "significant discount" to the Market Price. A "significant discount" would be equal to at least the maximum discount to Market Price allowed for private placements as set forth in the definition of "Discounted Market Price" in Policy 1.1. If either of these criteria is not satisfied, the Exchange may first require shareholder approval of the creation of the new Control Person.
Further, before the Exchange will accept a rights offering which includes a stand-by commitment, any individual who may own or control, beneficially or as nominee, directly or indirectly, securities representing more than 10% of the voting rights attached to all outstanding voting securities of the Issuer (and, where such a securityholder is not an individual, any director, officer or insider of that securityholder) on the completion of the rights offering must first file with the Exchange a duly completed Personal Information Form (Form 2A) or, if applicable, a Declaration (Form 2C1).
It should be noted that the foregoing is a summary only. The full text of the amended Policy 4.5 should be reviewed to ascertain the full extent of the amendments to Policy 4.5.
If you have any questions about this Bulletin or Policy 4.5, please contact:
| Charlotte Bell |
Senior Policy Counsel |
604-643-6577 |
|
| Kyle Araki |
Team Manager, Calgary |
403-218-2851 |
|
| Andrew Creech |
Team Manager, Vancouver |
604-602-6936 |
|
| Eric Loree |
Team Manager, Toronto |
416-365-2221 |
|
| Sylvain Martel |
Team Manager, Montréal |
514-788-2408 |
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 11 août 2016
Objet : Avis de modification de politiques : Politique 4.5 – Placements de droits
Le 18 janvier 2016, la Bourse de croissance TSX (la « Bourse ») a publié un avis aux émetteurs fournissant des directives à l'égard de la Politique 4.5 – Placements de droits (la « Politique 4.5 ») du Guide du financement des sociétés de la Bourse de croissance TSX (le « Guide ») à la suite de l'adoption par les Autorités canadiennes en valeurs mobilières (les « ACVM ») de modifications touchant les placements de droits (les « modifications apportées par les ACVM »). La Bourse a obtenu toutes les approbations réglementaires nécessaires pour modifier officiellement la Politique 4.5 afin d'y intégrer ces directives. Par conséquent, elle met en œuvre sa Politique 4.5 modifiée avec prise d'effet immédiate.
Le texte intégral de la Politique 4.5 modifiée ainsi que la version antérieure portant les marques de changement (datée du 15 décembre 2008) sont maintenant accessibles à partir de la page suivante du site Web de la Bourse :
Veuillez noter que bien que la notice de placement de droits ne soit plus soumise à l'examen et à l'approbation des ACVM avant sa distribution aux porteurs de titres de l'émetteur, la Bourse procède toujours à l'examen préalable obligatoire des documents relatifs au placement de droits, dont l'avis de placement de droits (Annexe 45‑106A14) accompagné de la notice de placement de droits (Annexe 45‑106A15) ou du prospectus relatif au placement de droits (ensemble, les « documents relatifs au placement de droits »), conformément à la Politique 4.5. Les documents relatifs au placement de droits doivent être préparés de façon préliminaire et déposés auprès de la Bourse de façon à ce qu'elle dispose du temps nécessaire à l'examen du prix d'offre, des modalités et du calendrier du placement, cela afin de maintenir un marché ordonné pour la négociation des valeurs inscrites et des droits.
Un résumé des modifications importantes de la Politique 4.5 est fourni ci‑après. Les termes spécifiques non définis dans le présent bulletin ont la signification qui leur est attribuée dans la Politique 1.1 – Interprétation ou dans la Politique 4.5.
Établissement de la date de clôture des registres
Les modifications des ACVM visent à rendre les placements de droits sous le régime de la dispense de prospectus plus attrayants pour les émetteurs assujettis en simplifiant le processus d'examen et d'approbation. À cette fin, la Bourse a changé la date limite à laquelle toutes les irrégularités que comportent les documents relatifs au placement de droits doivent être corrigées, la faisant passer d'au moins sept jours de bourse à au moins cinq jours de bourse avant la date de clôture des registres.
Prix de souscription minimal de 0,01 $
La Politique 4.5 a été modifiée de sorte que le prix de souscription des titres devant être acquis à l'exercice des droits ne puisse en aucun cas être inférieur à 0,01 $.
Prix d'exercice minimal des bons de souscription
La Politique 4.5 a été modifiée de sorte que le prix minimal d'exercice d'un bon de souscription compris dans l'unité devant être acquise à l'exercice d'un droit ne puisse être inférieur au cours du marché du titre coté de l'émetteur avant la publication du communiqué annonçant le placement de droits, et en aucun cas inférieur à 0,05 $.
Fractions de droit
La Politique 4.5 a été modifiée de sorte que soit levée l'exigence voulant que les actionnaires reçoivent exactement un droit pour chaque titre qu'ils détiennent. Par conséquent, il est possible d'émettre des fractions de droit dans la mesure où le nombre de droits requis aux fins de la souscription d'un titre est un nombre entier.
Inscription facultative des droits
La Politique 4.5 a été modifiée de sorte qu'elle indique explicitement que l'émetteur peut, à son gré, inscrire les droits à la Bourse aux fins de négociation, mais qu'il n'est pas tenu de le faire. Tous les droits doivent cependant être transférables.
Nouveaux actionnaires de grande taille
La Politique 4.5 a été modifiée de sorte que l'approbation des actionnaires ne soit généralement pas nécessaire à l'égard de la création d'un nouvel actionnaire dominant de l'émetteur par suite d'un engagement de souscription dans le cadre d'un placement de droits, à condition que les droits soient inscrits à la Bourse aux fins de négociation et que le prix de souscription des droits soit « substantiellement escompté » par rapport au cours du marché. On entend par « escompte substantiel » un écart au moins égal à la décote maximale par rapport au cours du marché permise pour les placements privés, telle que précisée dans la définition du terme « cours escompté » dans la Politique 1.1. Si l'une ou l'autre de ces conditions n'est pas remplie, la Bourse pourra exiger que les actionnaires approuvent d'abord la création du nouvel actionnaire dominant.
De plus, avant que la Bourse accepte un placement de droits comprenant un engagement de souscription, toute personne qui, à la réalisation du placement de droits, pourrait devenir propriétaire véritable ou à titre de prête-nom, directement ou indirectement, de titres représentant plus de 10 % des droits de vote rattachés à tous les titres comportant droit de vote en circulation d'un émetteur ou qui pourrait exercer un contrôle véritable ou à titre de prête-nom, directement ou indirectement, sur de tels titres (ou qui est administrateur, dirigeant ou initié d'un tel porteur de titres si celui-ci n'est pas une personne physique) doit d'abord déposer auprès de la Bourse un Formulaire de renseignements personnels (formulaire 2A) ou, s'il y a lieu, une Déclaration (formulaire 2C1).
Il est à noter que ce qui précède ne constitue qu'un résumé. Il convient d'examiner le texte intégral de la Politique 4.5 modifiée afin de prendre la pleine mesure des modifications apportées à la Politique 4.5.
Pour toute question concernant le présent bulletin ou la Politique 4.5, veuillez communiquer avec l'une des personnes suivantes :
| Charlotte Bell |
Conseillère juridique principale, Politiques |
604 643‑6577 |
|
| Kyle Araki |
Chef d'équipe, Calgary |
403 218‑2851 |
|
| Andrew Creech |
Chef d'équipe, Vancouver |
604 602‑6936 |
|
| Eric Loree |
Chef d'équipe, Toronto |
416 365-2221 |
|
| Sylvain Martel |
Chef d'équipe, Montréal |
514 788‑2408 |
TIPO DE BOLETÍN: Aviso a los emisores
FECHA DEL BOLETÍN: al 11 de agosto de 2016
Objeto: Aviso de enmienda de política: Política 4.5 – Ofertas de Derechos
El 18 de enero de 2016, TSX Venture Exchange (la "Bolsa") publicó un aviso a los emisores que proporcionaba directrices respecto de la Política 4.5 – Ofertas de Derechos del Manual de Financiamiento Corporativo (el "Manual") a la luz de las modificaciones relativas a las ofertas de derechos adoptadas por las autoridades canadienses en administración de valores, el Canadian Securities Administrators (la "CSA") (en su conjunto, las "modificaciones de la CSA"). La Bolsa ha recibido todas las aprobaciones reglamentarias requeridas a fin de enmendar oficialmente la Política 4.5 para incorporar la orientación. Por consiguiente, la Bolsa procede a la aplicación de su Política 4.5 – Ofertas de Derechos enmendada, con efecto inmediato.
El texto íntegro de la Política 4.5 junto con una versión que resalta los cambios entre la versión de la Política 4.5 anterior (fechada 15 de diciembre de 2008) y la actual se encuentran ya disponibles en el sitio web de la Bolsa, en el enlace a continuación:
Sírvanse notar que si bien la circular de oferta de derechos ya no está sujeta al examen y aprobación de la CSA, antes de la distribución a los tenedores de los títulos del emisor, la Bolsa sigue procediendo al examen previo obligatorio de los documentos relativos a la oferta de derechos, incluida de la notificación de oferta de derechos (Formulario 45-106F14), acompañada de la circular de oferta de derechos (Formulario 45-106F15) o del prospecto relativo a la oferta de derechos (en su conjunto, los documentos relativos a la oferta de derechos), de conformidad con la Política 4.5. Los documentos relativos a la oferta de derechos deben prepararse en forma preliminar y presentarse ante la Bolsa de manera a que esta pueda disponer del tiempo necesario para examinar el precio, las modalidades y el cronograma de la oferta, todo ello con el fin de mantener un mercado ordenado para la negociación de los valores inscritos y los derechos.
A continuación presentamos un resumen de las modificaciones de fondo de la Política 4.5. Los términos específicos no definidos en el presente aviso tendrán los significados que se les atribuyen en la Política 1.1 – Interpretación o en la Política 4.5.
Determinación de la fecha de cierre de los registros
Las modificaciones de la CSA están destinadas a hacer las ofertas de derechos bajo el régimen de dispensa de prospecto más atractivas para los emisores sujetos a presentar informes simplificando el proceso de examen y aprobación. Para lograr este objetivo, la Bolsa ha revisado sus requisitos respecto de la fecha para la cual todos los errores observados en los documentos relativos a la oferta de derechos sean subsanados de al menos siete a al menos cinco días hábiles bursátiles antes de la fecha de cierre de los registros.
Precio de suscripción mínimo de $0,01
La Política 4.5 se ha modificado de manera a que el precio de suscripción de los títulos que deban adquirirse en el ejercicio de los derechos no pueda ser en ningún caso inferior a $0,01.
Precio de ejercicio mínimo de los bonos de suscripción
La Política 4.5 se ha modificado de manera a que el precio mínimo de ejercicio de un bono de suscripción que forme parte de la unidad que deba adquirirse en el ejercicio de un derecho no pueda ser inferior al precio del mercado de las acciones inscritas del Emisor antes de la publicación del comunicado que anuncia la oferta de derechos, y en ningún caso sea inferior a $0,05.
Derechos fraccionarios
La Política 4.5 se ha modificado de manera a anular el requisito de que los accionistas reciban exactamente un derecho por cada título del que sean tenedores y por lo tanto, se pueda emitir fracciones de derechos a condición de que el número de derechos requeridos para suscribir un título sea un número entero.
Inscripción facultativa de los derechos
La Política 4.5 se ha modificado de manera a que indique explícitamente que el emisor puede, si así lo elige, inscribir los derechos en la Bolsa para fines de negociación, pero que no está obligado a hacerlo. Sin embargo, todos los derechos deben ser transferibles.
Nuevos accionistas de gran dimensión
La Política 4.5 se ha modificado de manera a que la aprobación de los accionistas no sea generalmente necesaria respecto de la creación de una nueva entidad controlante del emisor como consecuencia de un compromiso de suscripción en el marco de una oferta de derechos, a condición de que los derechos se inscriban en la Bolsa para fines de negociación y de que el precio de suscripción de los derechos cuente con un "descuento sustancial" respecto del precio del mercado. Un "descuento sustancial" sería al menos igual al descuento máximo del precio de mercado permitido a las colocaciones privadas, tal como se precisa en la definición del término "precio de mercado descontado" en la Política 1.1. En caso de no cumplir con una u otra de estas condiciones, la Bolsa podrá exigir que los accionistas aprueben primero la creación de una nueva entidad controlante.
Además, antes de que la Bolsa acepte una oferta de derechos que incluya un compromiso de suscripción, toda persona que, al ejercicio de los derechos, pueda convertirse en propietario con titularidad beneficiaria o en calidad de prestanombres, directa o indirectamente, de los títulos que representan más del 10% de los derechos de voto inherentes a todos los títulos en circulación de un emisor que conllevan derecho de voto (y en tanto que tal titular no sea director, funcionario o iniciado de ese tenedor de títulos, si este no fuera una persona física) debe primero presentar ante la Bolsa un Formulario de Información Personal debidamente completado (Formulario 2A) o si fuera aplicable, una Declaración (Formulario 2C1).
Nótese que las informaciones que preceden proporcionan un resumen solamente. El texto íntegro de la Política 4.5 enmendada debe ser objeto de examen a fin de evaluar el alcance exacto de las enmiendas aportadas a la Política 4.5.
Para toda pregunta relativa a este boletín o a la Política 4.5, sírvase comunicar con las personas a continuación:
| Charlotte Bell |
Asesora jurídica principal |
604-643-6577 |
|
| Kyle Araki |
Jefe de equipo, Calgary |
403-218-2851 |
|
| Andrew Creech |
Jefe de equipo, Vancouver |
604-602-6936 |
|
| Eric Loree |
Jefe de equipo, Toronto |
416-365-2221 |
|
| Sylvain Martel |
Jefe de equipo, Montreal |
514-788-2408 |
________________________________________
ACUITYADS HOLDINGS INC. ("AT")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
Effective at 9:39 a.m. PST, August 11, 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.
________________________________________
ACUITYADS HOLDINGS INC. ("AT")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
Effective at 11:00 a.m. PST, August 11, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
ALBERTA OILSANDS INC. ("AOS")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 4:59 a.m. PST, August 11, 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.
________________________________________
ALEXANDRIA MINERALS CORPORATION ("AZX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 30, 2016:
| Number of Shares: |
40,761,250 Quebec flow-through shares |
| 9,133,000 National flow-through shares |
|
| 28,566,508 non-flow-through shares |
|
| Purchase Price: |
$0.07 per Quebec flow-through share |
| $0.06 per National flow-through share |
|
| $0.06 per non-flow-through share |
|
| Warrants: |
39,230,379 share purchase warrants to purchase 39,230,379 shares |
| Warrant Exercise Price: |
$0.10 for a three year period |
| Number of Placees: |
39 Placees |
| Finder's Fee: |
Medalist Capital Ltd. will receive a fee of $268,853.20 and 3,907,044 Agent's Warrants that are exercisable into common shares at $0.10 per share for a three year period. |
| Canaccord Genuity Corp. will receive a finder's fee of $5,938.20 and 989,970 Agent's Warrants that are exercisable into common shares at $0.10 per share for a three year period. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company 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.
________________________________________
ALGOLD RESOURCES LTD. ("ALG")
BULLETIN TYPE: Private Placement - Brokered
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Brokered Private Placement:
| Number of Shares: |
13,166,667 common shares |
|
| Purchase Price: |
$0.30 per common share |
|
| Warrants: |
6,583,333 warrants to purchase 6,583,333 common shares |
|
| Warrant exercise price: |
$0.40 during a period of 12 months following the closing date. |
|
| Number of Placees: |
31 Placees |
|
| Insider/Pro Group Participation: |
||
| Insider = Y / |
Number |
|
| Name |
Pro Group = P |
of Shares |
| PGL Capital Inc (Yves Grou, |
||
| Benoît Lasalle) |
Y |
485,000 |
| Thierry Vergnol |
Y |
850,000 |
| John Hick |
Y |
96,917 |
| Mario Caron |
Y |
96,916 |
| Yves Grou ITF JP & Nico Grou |
Y |
166,666 |
| Aggregate Pro Group |
||
| Participation (4 Placees) |
P |
377,000 |
| Finders: |
Beacon Securities Limited & National Bank Financial Inc. |
|
| Intermediaries' Fee: |
$207,000 in cash and non-transferable compensation warrants to |
|
| purchase 690,000 common shares at an exercise price of $0.30 |
||
| during a period of 24 months following the closing date. |
The Company has confirmed the closing of the above-mentioned Private Placement by way of a press release dated July 19, 2016.
LES RESSOURCES ALGOLD LTÉE (« ALG »)
TYPE DE BULLETIN : Placement privé par l'entremise d'un courtier
DATE DU BULLETIN : Le 11 août 2016
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d'un placement privé par l'entremise d'un courtier :
| Nombre d'actions : |
13 166 667 actions ordinaires |
|
| Prix : |
0,30$ par action ordinaire |
|
| Bons de souscription : |
6 583 333 bons de souscription permettant de souscrire à |
|
| 6 583 333 actions ordinaires |
||
| Prix d'exercice des bons : |
0,40 $ pendant une période de 12 mois suivant la date de clôture |
|
| Numéro de souscripteurs : |
31 souscripteurs |
|
| Participation des initiés et du Groupe Pro : |
||
| Initié = Y / |
Nombre |
|
| Nom |
Groupe Pro = P |
d'actions |
| PGL Capital Inc. (Yves grou, |
||
| Benoît Lasalle) |
Y |
485 000 |
| Thierry Vergnol |
Y |
850 000 |
| John Hick |
Y |
96 917 |
| Mario Caron |
Y |
96 916 |
| Yves Grou ITF JP & Nico Grou |
Y |
166 666 |
| Participation des membres du groupe |
||
| « Pro » (4 souscripteurs) |
P |
377 000 |
| Intermédiaires : |
Beacon Securities Limited et National Bank Financial Inc. |
|
| Honoraires d'intermédiation : |
207 000 $ en espèces et des bons de souscription de courtier |
|
| non-transférables permettant de souscrire 690 000 actions |
||
| ordinaires au prix d'exercice de 0,30$ durant une période de |
||
| 24 mois suivant la clôture. |
La société a confirmé la clôture du placement privé mentionné ci-dessus par l'émission d'un communiqué de presse daté du 19 juillet 2016.
________________________________________
CAMPAR CAPITAL CORPORATION ("CHK.P")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 6:18 a.m. PST, August 11, 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.
________________________________________
CAMPAR CAPITAL CORPORATION ("CHK.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated August 11, 2016, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction pursuant to Listings Policy 2.4.
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.
________________________________________
CAPSTREAM VENTURES INC. ("CSP")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Share Exchange Agreements dated July 5, 2016, August 4, 2016 and August 5, 2016 between Capstream Ventures Inc. (the "Company") and Axion Entertaining III Limited, Capital Management Zurich Limited, JS Assets Limited and Jakkrit Sirikatraporn, Sierra Ventures Limited and Stefan Steiner, whereby the Company is to acquire an aggregate additional beneficial interest of approximately 9.55 % of Axion Games Limited in exchange of 19,113,245 common shares of the Company.
________________________________________
CLEAR MOUNTAIN RESOURCES CORP. ("CY")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 8:00 a.m. PST, August 11, 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.
________________________________________
COMSTOCK METALS LTD. ("CSL")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, August 11, 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.
________________________________________
COMSTOCK METALS LTD. ("CSL")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 8:30 a.m. PST, August 11, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
CYPRIUM MINING CORPORATION ("CUG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation in connection with an arm's length joint venture (the "Joint Venture") agreement among Cyprium Mining Corporation (the "Company"), Daniel Alberto Valenzuela Bardan (Mr. Valenzuela"), JV Minera Potosi Cyprium, S.A. de C.V. ("JV Minera") and Minerales Nacionales de Mexico S.A. de CV. ("MNMex").
The parties to the transaction have agreed to establish a joint venture company in Mexico ("NewCo") in which Mr. Valenzuela holds 47% of the capital stock and the Company holds 53% of the capital stock in consideration for:
- A US$2.5 million financial commitment of the Company, which needs to be completed by December 31, 2016 including (a) a three-year, 12% loan to NewCo in the amount of US$600,000 advanced at the entering into of the Joint Venture, and (b) US$1.9 Million equity investment in NewCo to be completed by December 31, 2016; and
- The issuance to Mr. Valenzuela of 1,000,000 common shares of the Company with a deemed value of $0.14 per share and 100,000 warrants at an exercise price of $0.17 per share for five years from closing.
The Company will be entitled to a 0.75% ten year royalty on sales of concentrates from the Joint Venture.
Please refer to the Company's press releases dated July 28, 2015 and October 29, 2015 for more information.
CORPORATION MINIERE CYPRIUM ("CUG")
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 11 août 2016
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à une entente de coparticipation auprès de personnes sans lien de dépendance entre Corporation minière Cyprium (la « société »), Daniel Alberto Valenzuela Bardan (Mr. Valenzuela"), JV Minera Potosi Cyprium, S.A. de C.V. ("JV Minera") et Minerales Nacionales de Mexico S.A. de CV. ("MNMex").
Les parties à la transaction ont convenu de mettre en place une société en coparticipation au Mexique (« NewCo ») dans laquelle M. Valenzuela détient 47% du capital social et la société détient 53% du capital social pour la considération suivante :
- Un engagement financier de 2,5 million $ US de la société, qui doit être rencontré d'ici le 31 décembre 2016 et incluant (a) un prêt à NewCo de trois ans, 12 % au montant de 600 000 $ US déboursé lors de la signature de la convention de coparticipation, et (b) 1,9 Millions $ US d'investissement en équité dans NewCo à être complété d'ici au 31 décembre 2016; et
- L'émission à M. Valenzuela de 1 000 000 d'actions ordinaires de la société à une valeur réputée de 0,14 $ par action et 100 000 bons de souscription ayant un prix d'exercice de 0,17 $ par action pour une période de cinq ans suivant la clôture.
La société aura droit à une royauté de 0,75% sur les ventes de concentrés pendant 10 ans.
Veuillez-vous référer aux communiqués de presse émis par la société les 28 juillet 2015 et 29 octobre 2015 pour de plus amples renseignements.
_______________________________________
FIRM CAPITAL PROPERTY TRUST ("FCD.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
The Issuer has declared the following distribution(s):
| Distribution per Unit: |
$0.035 |
| Payable Dates: |
November 15, 2016; December 15, 2016 & January 16, 2017 |
| Record Dates: |
October 31, 2016; November 30, 2016 & December 30, 2016 |
| Ex-distribution Dates: |
October 27, 2016; November 28, 2016 & December 28, 2016 respectively |
________________________________________
FIRST MINING FINANCE CORP. ("FF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 11, 2016 and July 21, 2016:
| Number of Shares: |
33,750,000 shares |
|
| Purchase Price: |
$0.80 per share |
|
| Warrants: |
16,875,000 share purchase warrants to purchase 16,875,000 shares |
|
| Warrant Exercise Price: |
$1.10 for a three year period |
|
| Number of Placees: |
337 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Keith Neumeyer |
Y |
712,259 |
| Derek Iwanaka |
Y |
125,000 |
| Samir Patel |
Y |
75,400 |
| Andrew Poon |
Y |
62,500 |
| Patrick Donnelly |
Y |
50,000 |
| Michel Bouchard |
Y |
30,000 |
| Chris Osterman |
Y |
17,000 |
| David Shaw |
Y |
100,000 |
The Company issued a news release on August 8, 2016 confirming closing of the private placement. 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.
________________________________________
GLOBAL COPPER GROUP INC. ("ICU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 8, 2016:
| Number of Shares: |
2,984,500 shares |
|
| Purchase Price: |
$0.05 per share |
|
| Warrants: |
1,492,250 share purchase warrants to purchase 1,492,250 shares |
|
| Warrant Exercise Price: |
$0.075 for an eighteen month period; subject to accelerated expiry |
|
| Number of Placees: |
9 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Jeff Poloni |
Y |
100,000 |
| Andreas Rompel |
Y |
100,000 |
| Finder's Fee: |
$400 payable to Colin Christensen |
The Company issued a news release on June 17, 2016 confirming closing of the private placement. 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.
________________________________________
HAMPTON FINANCIAL CORPORATION ("HFC")
[Formerly: Dominion General Investment Corporation ("DGA.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Name Change, Resume Trading
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's QT described in its filing statement dated July 28, 2016. As a result, at the opening on Friday, August 12, 2016, the Company will no longer be considered a Capital Pool Company and trading in the shares of the Company will resume.
Pursuant to the terms of the share exchange agreement dated April 29, 2016, Dominion General Investment Corp. (the "CPC") acquired privately held Hampton Equity Partners Limited ("Old Hampton"). The CPC issued a total of 10,618,670 subordinate voting shares and 15,149,845 multiple voting shares to shareholders of Old Hampton. In connection with the QT, Hampton completed a non-brokered concurrent financing of 800,000 Old Hampton common shares at $1.00 per 0.8 Old Hampton common share for gross proceeds of $1,000,000. These financing shares were converted into 1,000,000 subordinate voting shares of the CPC at closing of the QT. In connection with the QT, the CPC has changed its name to "Hampton Financial Corporation".
For further information, please visit the Company profile at www.sedar.com.
Name Change
Pursuant to a resolution passed by shareholders at a Special Meeting of Shareholders of the CPC on October 27, 2015, the CPC name has been changed to "Hampton Financial Corporation".
Effective at the opening on Friday, August 12, 2016, the common shares of Hampton Financial Corporation will commence trading on TSX Venture Exchange, and the common shares of Dominion General Investment Corporation will be delisted. The Company is classified as a 'securities brokerage' company.
Resume Trading
Further to the TSX Venture Exchange bulletins dated July 31, 2015 and May 2, 2016, effective at the opening on Friday, August 12, 2016, the subordinate voting shares of Hampton Financial Corporation will commence trading on TSX Venture Exchange, and the common shares of Dominion General Investment Corporation will be delisted.
The Company is classified as a 'securities brokerage' company.
| Post – Consolidation |
||
| Capitalization: |
Unlimited |
number of multiple voting shares of which |
| 15,149,845 |
multiple voting shares are issued and outstanding; and |
|
| Unlimited |
number of subordinate voting shares of which |
|
| 13,210,370 |
subordinate voting shares are issued and outstanding. |
|
| Escrowed: |
15,149,845 |
multiple voting shares; and |
| 4,505,840 |
subordinate voting shares |
|
| Escrow Term: |
36 |
months |
| Transfer Agent: |
Computershare Investor Services Inc. |
|
| Trading Symbol: |
HFC |
(new) |
| CUSIP Number: |
40915Q102 |
(new) |
| Company Contact: |
Peter Deeb, Chief Executive Officer |
|
| Company Address: |
141 Adelaide Street West, Suite 1800, Toronto, Ontario M5H 3L5 |
|
| Company Phone Number: |
(416) 862-8651 |
|
| Company Fax Number: |
(416) 862-8650 |
|
| Company Website Address: |
||
| Company Email Address: |
||
________________________________________
JAGUAR RESOURCES INC. ("JRI")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 7,774,462 shares to settle outstanding debt for $932,935.48 in relation to various trade payables and various debt settlements.
| Number of Creditors: |
20 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Non-Arm's |
||||
| Length Party =Y / |
Amount |
Deemed Price |
||
| Creditor |
ProGroup=P |
Owing |
per Share |
# of Shares |
| NNET Holdings Ltd |
||||
| (Grant Henschel) |
Y |
$210,000 |
$0.12 |
1,750,000 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
JAGUAR RESOURCES INC. ("JRI")
BULLETIN TYPE: Bonus Shares for Loan
BULLETIN DATE: August 11, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to amend a credit agreement with 1374676 Alberta Ltd (the "Lender") in the principle amounts of $10,000 and $60,000 (the "Credit Facilities").
The loan and other outstanding obligations bear an interest at a rate equal to twenty four (24%) per annum.
As consideration to the Lender for amending the Credit Facility available to the Company, the Lender will receive 116,667 common shares ("Bonus Shares") with a deemed price of $0.12.
| Shares |
|
| 1374676 Alberta Ltd |
116,667 |
The Company will issue a press release once the shares have been issued.
________________________________________
JAGUAR RESOURCES INC. ("JRI")
BULLETIN TYPE: Bonus Shares for Loan
BULLETIN DATE: August 11, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to amend a credit agreement with Shadow Tree Capital Management, through Shadow Tree Income Fund A LP, ( "Shadow Tree" or the "Lender") in the principle amount of $4,954,223 (the "Credit Facility").
The loan and other outstanding obligations shall continue to bear interest at a rate equal to eight percent (8%) per annum.
As consideration to the Lender for amending the Credit Facility available to the Company, the Lender will receive 3,000,000 common shares ("Bonus Shares") with a deemed price of $0.12.
| Shares |
|
| Shadow Tree Income Fund A LP |
3,000,000 |
The Company will issue a press release once the shares have been issued.
________________________________________
KLONDIKE GOLD CORP. ("KG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 18, 2016:
| Number of Shares: |
4,000,000 shares |
|
| Purchase Price: |
$0.30 per share |
|
| Warrants: |
2,000,000 share purchase warrants to purchase 2,000,000 shares |
|
| Warrant Exercise Price: |
$0.35 for a thirty month period |
|
| Number of Placees: |
3 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Fiore Financial Corporation |
Y |
2,400,000 |
| Gordon Keep |
Y |
1,000,000 |
| Peter Tallman |
Y |
600,000 |
The Company issued a news release on June 1, 2016 confirming closing of the private placement. 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.
________________________________________
MARQUEE ENERGY LTD. ("MQL")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
Effective at 4:59 a.m. PST, August 11, 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.
________________________________________
PERISSON PETROLEUM CORPORATION ("POG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
Effective at 7:45 a.m. PST, August 11, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
QUATTRO EXPLORATION AND PRODUCTION LTD. ("QXP")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
Effective at 5:00 a.m. PST, August 11, 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.
________________________________________
QUATTRO EXPLORATION AND PRODUCTION LTD. ("QXP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
Effective at 10:30 a.m. PST, August 11, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
ROYALTY NORTH PARTNERS LTD. ("RNP")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 5:21 a.m. PST, August 11, 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.
________________________________________
ROYALTY NORTH PARTNERS LTD. ("RNP")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 7:30 a.m. PST, August 11, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
RYE PATCH GOLD CORP. ("RPM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Shares for Bonuses
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to an agreement dated May 24, 2016 (the "Agreement"), among Rye Patch Gold Corp. (the "Company"), ADM-Gold Co., Ltd., Jipangu International Inc., and Imlay Mining Co., Ltd. Pursuant to the Agreement, the Company acquired the mineral properties and related assets comprising the Florida Canyon Gold Mine and Standard Gold Mine, Nevada, USA (the "Property").
Consideration for the Property is as follows:
| CASH |
SHARES |
|
| Closing |
US$15,000,000 |
20,000,000 |
In addition, US$5,000,000 is due and payable as contingent consideration within sixty (60) days of commencement of commercial production at the Florida Canyon mine by the Company as operator. The US$5,000,000 contingent consideration may be payable in shares. The contingent consideration also includes 15,000,000 warrants of the Company. The warrants have an exercise price of US$0.50 for a period of two (2) years.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated May 25, 2016 and July 29, 2016.
Bonus Warrants
The Exchange has accepted for filing the Company's issuance of 16,224,545 bonus warrants exercisable at a price of Cdn$0.22 per share until July 28, 2021 in connection with a credit facility in the amount of US$27,000,000 from Macquarie Bank Limited (the "Facility"). Amounts draw down under the Facility will bear interest at a rate of LIBOR plus 8% per annum and are due on September 30, 2020.
________________________________________
SAINT JEAN CARBON INC. ("SJL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant a Mining Claims Purchase & Transfer Agreement (the "Agreement") between the Company and an arms length party (the "Vendor") whereby the Company will acquire the Whabouchi Lithium Project located in the James Bay region of Quebec (the "Property"). In consideration, the Company will issue to the Vendor 2,000,000 common shares at a deemed value of $0.05 per share.
For further information, please refer to the Company's press release dated June 29, 2016.
________________________________________
SAINT JEAN CARBON INC. ("SJL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant a Mining Claims Purchase & Transfer Agreement (the "Agreement") between the Company and an arms length party (the "Vendor") whereby the Company will acquire mining claim number 2535250 located in the Joly township of the Laurentian area, southwestern Quebec (the "Property"). In consideration, the Company will issue 1,500,000 common shares at a deemed value of $0.05 per share. The Vendor will retain a royalty of 0.75% on the net output returns on the Property.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press release dated July 6, 2016.
________________________________________
SAINT JEAN CARBON INC. ("SJL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant a Mining Claims Purchase & Transfer Agreement (the "Agreement") between the Company and an arms length party (the "Vendor") whereby the Company will acquire mining claims numbered CDC2447585-91, located in the Buckingham County in southwestern Quebec (the "Property"). In consideration, the Company will issue to the Vendor 750,000 common shares at a deemed value of $0.05 per share.
For further information, please refer to the Company's press release dated July 6, 2016.
________________________________________
SAINT JEAN CARBON INC. ("SJL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant a Mining Claims Purchase & Transfer Agreement (the "Agreement") between the Company and an arms length party (the "Vendor") whereby the Company will acquire mining claims numbered CDC 2434732-35, located in the Joly township of the Laurentian area of southwestern Quebec (the "Property"). In consideration, the Company will issue to the Vendor 750,000 common shares at a deemed value of $0.05 per share.
For further information, please refer to the Company's press release dated July 6, 2016.
________________________________________
SAINT JEAN CARBON INC. ("SJL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant a Mining Claims Purchase & Transfer Agreement (the "Agreement") between the Company and an arms length party (the "Vendor") whereby the Company will acquire mining claim numbers: Buckingham 2435260-2435270 and Kendall 2435802-2435812, located in the Buckingham County in southwester Quebec (the "Property"). In consideration, the Company will issue 1,250,000 common shares at a deemed value of $0.05 per share. The Vendor will retain a royalty of 0.75% on the net output returns on the Property.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press release dated July 6, 2016.
________________________________________
SELECT SANDS CORP. ("SNS")
BULLETIN TYPE: Halt
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, August 11, 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.
________________________________________
SELECT SANDS CORP. ("SNS")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
Effective at 8:30 a.m. PST, August 11, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
TANGO MINING LIMITED ("TGV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an acquisition agreement (the "Agreement") dated July 5, 2016 among Tango Mining Limited ("Tango"), Kwena Mining Projects (Pty) Limited, Kwena Mining and Metallurgical Services (Pty) Ltd. and Kwena Springlake Projects (Pty) Ltd. (collectively, the "Kwena Group of Companies") under which Tango has agreed to acquire an additional 23% equity interest in the Kwena Group of Companies (the "Transaction"). The Kwena Group of Companies is three private South African companies in which Tango currently owns a 51% interest. The Transaction will increase Tango's total interest in the Kwena Group of Companies to 74%. Tango has agreed to issue 14,200,000 shares to acquire the 23% interest in the Kwena Group of Companies.
Insider / Pro Group Participation: Kevin Cormack Gallagher is a director of Tango and a shareholder of the Kwena Group of Companies.
For additional information please refer to Tango's news release dated July 14, 2016.
________________________________________
VISIONSTATE CORP. ("VIS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 21, 2016:
| Number of Shares: |
25,000,000 shares |
|
| Purchase Price: |
$0.01 per share |
|
| Warrants: |
None |
|
| Number of Placees: |
15 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| 1573596 Alberta Ltd. |
||
| (John A. Putters) |
Y |
2,000,000 |
| 644241 Alberta Ltd. |
||
| (Randa Kachkar) |
Y |
2,000,000 |
| James Duke |
Y |
500,000 |
| DT Associates Financial Counsel Inc. |
||
| (James Duke) |
Y |
2,225,000 |
| Kinkaide Enterprises Inc. |
||
| (Perry Kinkaide) |
Y |
1,800,000 |
| Wally McNeill |
Y |
2,000,000 |
| Gervin Antypowich |
Y |
2,000,000 |
| Finder's Fee: |
None |
________________________________________
WOLFDEN RESOURCES CORPORATION ("WLF")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 11, 2016
TSX Venture Tier 1 Company
The TSX Venture Exchange Inc. (the "Exchange") has accepted documentation in connection with a definitive option agreement (the "Option Agreement") among Wolfden Resources Corporation ("Wolfden"), 2520885 Ontario Inc. and Galway Metals Inc. ("Galway") (together, the "Optionors"), whereby the Optionors have agreed to acquire a 100% undivided interest in Wolfden's Clarence Stream property (the "Property"), located in southwestern New Brunswick.
In order to earn a 100% interest in the Property, the Optionors will make cash payments to Wolfden totalling Cdn$3.25 million over a 3-year period (the "Option Period"). In addition, the Optionors will grant Wolfden a 1% Net Smelter Return Royalty (the "NSR") from any minerals produced on the Property. The Optionors can purchase the NSR from Wolfden at any time for the sum of Cdn$2.0 million. Under the terms of the Option Agreement, the Optionors will make scheduled cash payments to Wolfden comprising Cdn$0.75 million on signing of the Option Agreement (the "Effective Date"), Cdn$0.75 million on or before the first anniversary of the Effective Date, Cdn$1 million on or before the second anniversary of the Effective Date and Cdn$0.75 million on or before the third anniversary of the Effective Date.
For further information see Wolfden's news release dated August 3, 2016 which is available under its profile on SEDAR.
Insider / Pro Group Participation: Nil
________________________________________
NEX COMPANIES
MUKUBA RESOURCES LIMITED ("MKU.H")
BULLETIN TYPE: Consolidation
BULLETIN DATE: August 11, 2016
NEX Company
Pursuant to a special resolution passed by shareholders July 21, 2016, the Company has consolidated its capital on a 30 old for 1 new basis. The name of the Company has not been changed.
Effective at the opening Friday, August 12, 2016, the common shares of Mukuba Resources Limited will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mining' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 1,756,978 |
shares are issued and outstanding |
|
| Escrow |
Nil |
shares are subject to escrow |
| Transfer Agent: |
Equity Financial Trust Company |
|
| Trading Symbol: |
MKU.H |
(UNCHANGED) |
| CUSIP Number: |
560885501 |
(new) |
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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