VANCOUVER, Nov. 1, 2016 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: November 1, 2016
Re: Notice of Policy Amendments - Policy 5.8 – Issuer Names, Issuer Name Changes, Share Consolidations and Splits and UPDATE regarding Four Character Stock Symbols
TSX Venture Exchange (the "Exchange") is providing an update to the Exchange Bulletins dated April 26, 2016 and October 11, 2016 with respect to the adoption of root symbols that consist of four letters of the alphabet ("four letter symbols").
As previously indicated, the Exchange will be able to accommodate trading of four letter symbols as of November 1, 2016. Accordingly, the Exchange has revised Policy 5.8 - Issuer Names, Issuer Name Changes, Share Consolidations and Splits ("Policy 5.8") of the Exchange's Corporate Finance Manual to reflect this change to root symbols and to concurrently make minor changes to update the sections on CUSIP and ISIN application procedures and security split procedures. The Exchange has received all required regulatory approvals to formally amend Policy 5.8. Accordingly, the Exchange is implementing its amended Policy 5.8 – Issuer Names, Issuer Name Changes, Share Consolidations and Splits, effective immediately.
The full text of the amended Policy 5.8 along with a blackline to the previously existing version of Policy 5.8 (dated August 14, 2013) are now available on the Exchange's website at the following page:
If you have any questions about this Bulletin or Policy 5.8, please contact:
| Charlotte Bell |
Senior Policy Counsel |
604-643-6577 |
|
| Kyle Araki |
Team Manager, Calgary |
403-218-2851 |
|
| Andrew Creech |
Interim Director, Vancouver |
604-602-6936 |
|
| Eric Loree |
Team Manager, Toronto |
416-365-2221 |
|
| Sylvain Martel |
Interim Director, Montréal |
514-788-2408 |
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : 1er novembre 2016
Objet : Avis de modification de la Politique 5.8, Dénomination sociale, changement de dénomination sociale, regroupements d'actions et fractionnements d'actions et de mise à jour concernant les symboles à quatre caractères
La Bourse de croissance TSX (la « Bourse ») procède à une mise à jour de ses bulletins du 26 avril 2016 et du 11 octobre 2016 concernant l'adoption des symboles racines à quatre lettres (les « symboles à quatre lettres »).
Comme elle l'avait annoncé précédemment, la Bourse sera en mesure d'admettre à la négociation les symboles à quatre lettres à compter du 1er novembre 2016. Ainsi, elle a modifié la Politique 5.8, Dénomination sociale, changement de dénomination sociale, regroupements d'actions et fractionnements d'actions (la « Politique 5.8 ») de son guide du financement des sociétés pour tenir compte de ce changement relatif aux symboles racines. Par la même occasion, elle y a apporté des modifications mineures pour mettre à jour les passages touchant la procédure de demande de numéro CUSIP et ISIN et celle de fractionnement d'actions. La Bourse a obtenu toutes les approbations réglementaires nécessaires pour modifier officiellement la Politique 5.8. Par conséquent, elle met en œuvre sa Politique 5.8 modifiée, Dénomination sociale, changement de dénomination sociale, regroupements d'actions et fractionnements d'actions, avec prise d'effet immédiate.
Le texte intégral de la Politique 5.8 modifiée ainsi que la version antérieure portant les marques de changement (datée du 14 août 2013) sont maintenant accessibles à partir de la page suivante du site Web de la Bourse :
Pour toute question concernant le présent bulletin ou la Politique 5.8, 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 |
Directeur par intérim, Vancouver |
604 602‑6936 |
|
| Eric Loree |
Chef d'équipe, Toronto |
416 365‑2221 |
|
| Sylvain Martel |
Directeur par intérim, Montréal |
514 788‑2408 |
________________________________________
ABEN RESOURCES LTD. ("ABN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Oct 11, 2016:
| Number of Shares: |
9,333,333 shares |
|
| Purchase Price: |
$0.075 per share |
|
| Warrants: |
9,333,333 share purchase warrants to purchase 9,333,333 shares |
|
| Warrant Initial Exercise Price: |
$0.10 |
|
| Warrant Term to Expiry: |
2 Years |
|
| Number of Placees: |
35 Placees |
|
| Insider / Pro Group Participation: |
||
| Name |
Insider=Y / |
# of Shares |
| Tim Termuende |
Y |
200,000 |
| James Pettit |
Y |
150,000 |
| Ronald Netolitzky |
Y |
200,000 |
| Aggregate Pro-Group Involvement [2 Placees] |
P |
1,123,333 |
| Finder's Fee: |
||
| PI Financing Corp. |
$4,515.00 cash; 60,200 warrants |
|
| Haywood Securities Inc. |
$4,147.50 cash; 55,300 warrants |
|
| Canaccord Genuity Corp. |
$1,575.00 cash; 21,000 warrants |
|
|
|
$5,477.50 cash; 73,033 warrants |
|
| Finder Warrant Initial Exercise Price: |
$0.10 |
|
| Finder Warrant Term to Expiry: |
2 yrs |
|
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
________________________________________
BEARING RESOURCES LTD. ("BRZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 30, 2016:
| Number of Shares: |
12,000,000 shares |
|
| Purchase Price: |
$0.13 per share |
|
| Warrants: |
12,000,000 share purchase warrants to purchase 12,000,000 shares |
|
| Warrant Exercise Price: |
$0.25 for a one year period |
|
| Number of Placees: |
37 Placees |
|
| Insider / Pro Group Participation: |
||
| Name |
Insider=Y / |
# of Shares |
| Kirk Shaw |
Y |
200,000 |
| Chris Haskett-Watt |
Y |
38,461 |
| Ann Fehr |
Y |
38,461 |
| Aggregate Pro Group Involvement |
||
| [7 Placees) |
2,680,000 |
|
| Finder's Fee: |
Canaccord Genuity Corp. – 26,769 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period. |
|
| Haywood Securities Inc. - $66,966.01 and 443,846 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period. |
||
| Mackie Research Capital Corp. – 12,000 Agent's Options that are exercisable into common shares at $0.25 per share for a one 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.
________________________________________
BENTON RESOURCES INC. ("BEX")
BULLETIN TYPE: Halt
BULLETIN DATE: November 1, 2016
TSX Venture Tier 1 Company
Effective at 6:04 a.m. PST, November 1, 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.
________________________________________
BENTON RESOURCES INC. ("BEX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 1, 2016
TSX Venture Tier 1 Company
Effective at 10:00 a.m. PST, November 1, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
BLUE SKY ENERGY INC ("BSI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Oct 20, 2016:
| Number of Shares: |
222,222 shares |
| Purchase Price: |
$0.45 per share |
| Number of Placees: |
1 Placee |
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
________________________________________
CLAROCITY CORPORATION ("CLY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a purchase agreement (the "Agreement") between Clarocity Corporation (the "Company") and and Valued Veterans LLC ("Valued Veterans"), whereby the Company will acquire all of the issued and outstanding membership interests of Valued Veterans. In consideration, the Company will pay: (i) USD$750,000 in cash by way of vendor take-back financing, and (ii) 8,463,377 common shares of the Company at a deemed price of $0.135 per share.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press release dated June 22, 2016, June 23, 2016, August 2, 2016 and October 27, 2016.
________________________________________
CYMAT TECHNOLOGIES LTD. ("CYM")
BULLETIN TYPE: Halt
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Effective at 4:54 a.m. PST, November, 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.
________________________________________
CYMAT TECHNOLOGIES LTD. ("CYM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Effective at 9:15 a.m. PST, November 1, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
ENCANTO POTASH CORP. ("EPO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 31, 2016:
| Number of Shares: |
20,588,235 shares |
| Purchase Price: |
$0.085 per share |
| Number of Placees: |
2 Placees |
| Finder's Fee: |
Secutor Capital Management Corp. $105,000 payable. |
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.
________________________________________
FIRST GLOBAL DATA LIMITED ("FGD")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Effective at the open on Wednesday, November 2, 2016 the shares of the Company will resume trading. Further to the Bulletin dated June 24, 2016, as news release was issuer November 1, 2016
________________________________________
GOLD RESERVE INC. ("GRZ")
BULLETIN TYPE: Halt
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Effective at 4:41 a.m. PST, November 1, 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.
________________________________________
ISIGN MEDIA SOLUTIONS INC. ("ISD")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 26, 2016:
| Convertible Debenture |
$225,000 |
| Conversion Price: |
Convertible into units consisting of one common share and one common share purchase warrant at $0.12 of principal outstanding. |
| Maturity date: |
1 year from issuance |
| Warrants |
Each warrant will have a term of two years from the date of conversion and shall entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.18. |
| Interest rate: |
10% |
| Number of Placees: |
3 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.
________________________________________
ISIGN MEDIA SOLUTIONS INC. ("ISD")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
| Private Placement: |
|
| # of Warrants: |
9,566,094 |
| Original Expiry Date of Warrants: |
November 11, 2016 |
| New Expiry Date of Warrants: |
November 11, 2018 |
| Exercise Price of Warrants: |
$0.24 |
These warrants were issued pursuant to a private placement of 9,566,094 shares with 9,566,094 share purchase warrants attached, which was accepted for filing by the Exchange effective November 10, 2014.
________________________________________
K2 GOLD CORPORATION ("KTO")
[formerly West Melville Metals Inc. ("WMM")]
BULLETIN TYPE: Name Change
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Pursuant to a director's resolution passed on July 11, 2016, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Wednesday, November 2, 2016, the common shares of K2 Gold Corporation will commence trading on TSX Venture Exchange, and the common shares of West Melville Metals Inc. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
| Capitalization: |
unlimited shares with no par value of which |
| 13,405,137 shares are issued and outstanding |
|
| Escrow: |
nil escrow shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
| Trading Symbol: |
KTO (new) |
| CUSIP Number: |
50117M 10 6 (new) |
________________________________________
METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposed issuance of 115,385 shares at a deemed price of $0.065 per share, in consideration of certain services provided to the Company for the period ending October 31, 2016, pursuant to an Amended Deferred Share Unit Plan for Glenn Nolan dated September 13, 2013 and effective August 1, 2013.
The Company shall issue a news release when the shares are issued.
________________________________________
METALEX VENTURES LTD. ("MTX")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposed issuance of 115,385 shares at a deemed price of $0.065 per share, in consideration of certain services provided to the Company for the period ending October 31, 2016, pursuant to an Amended Deferred Share Unit Plan for Lorie Waisberg dated September 13, 2013 and effective August 1, 2013.
The Company shall issue a news release when the shares are issued.
________________________________________
MONTAN MINING CORP. ("MNY")
BULLETIN TYPE: Halt
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Effective at 8:55 a.m. PST, November 1, 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.
________________________________________
MONTAN MINING CORP. ("MNY")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated November 1, 2016, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to Listings Policy 5.6(d) of Exchange Policy 5.3.
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.
________________________________________
NATAN RESOURCES LTD. ("NRL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 26, 2016, August 3, 2016 and September 2, 2016:
| Number of Shares: |
3,275,000 Non Flow-through shares |
|
| Purchase Price: |
$0.20 per share |
|
| Warrants: |
1,637,500 share purchase warrants to purchase 1,637,500 shares |
|
| Warrant Exercise Price: |
$0.30 for a three year period |
|
| Number of Shares: |
1,380,000 Flow-through shares |
|
| Purchase Price: |
$0.25 per share |
|
| Warrants: |
690,000 share purchase warrants to purchase 690,000 shares |
|
| Warrant Exercise Price: |
$0.30 for a three year period |
|
| Number of Placees: |
57 Placees |
|
| Insider / Pro Group Participation: |
||
| Name |
Insider=Y / |
# of Shares |
| David Hladky |
Y |
100,000 |
| Brendan Purdy |
Y |
50,000 |
| Carl Desjardins |
Y |
400,000 |
| Karl Mansour |
Y |
265,000 |
| Jean-Francois Meilleur |
Y |
275,000 |
| Ridgeline Exploration Services Inc. (Michael Blady) |
Y |
50,000 |
| Aggregate Pro Group Involvement |
P |
270,000 |
| [3 Placees] |
||
| Finder's Fee: |
Canaccord Genuity Corp. $17,760 cash and 81,200 Broker Warrants payable. |
|
| Raymond James Ltd. $8,048 cash and 35,840 Broker Warrants payable. |
||
| PI Financial Corp. $3,200 cash and 16,000 Broker Warrants payable. |
||
| Mackie Research Capital Corporation $3,200 cash and 16,000 Broker Warrants payable. |
||
| EMD Financial Inc. $ $800 cash payable. |
||
| -Each Broker Warrant is exercisable into one common share at $0.30 for three years 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.]
________________________________________
NORTHERN URANIUM CORP. ("UNO")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 100,000 shares at a deemed price of $0.05, in consideration of certain services provided to the Company for the quarter ending September 30, 2016, pursuant to a Deferred Share Unit Plan for Lorie Waisberg effective October 1, 2014 and amended January 1, 2016.
The Company shall issue a news release when the shares are issued.
________________________________________
NYX GAMING GROUP LIMITED ("NYX")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: November 1, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,223,370 shares to settle outstanding debt for €1,729,323 (CDN$2,520,142.20).
Number of Creditors: 1 Creditor
For further information refer to the Company's news release dated August 16, 2016.
________________________________________
ORGANIGRAM HOLDINGS INC. ("OGI")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 70,161 shares at a deemed price of $1.72, in consideration of certain services provided to the company pursuant to an agreement dated April 11, 2016.
The Company shall issue a news release when the shares are issued.
________________________________________
PORTOLA RESOURCES INC. ("PZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 21, 2016:
| Number of Shares: |
12,006,700 shares |
|
| Purchase Price: |
$0.15 per share |
|
| Number of Placees: |
28 Placees |
|
| Insider / Pro Group Participation: |
||
| Name |
Insider=Y / |
# of Shares |
| Aggregate Pro Group Involvement |
P |
2,650,000 |
| [7 Placees] |
||
| Finder's Fee: |
Bear Trade Corporation (Jeff Wolburgh) receives 1,200,670 non-transferable warrants, each exercisable at a price of $0.15 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 on November 1, 2016.
________________________________________
QMX GOLD CORPORATION ("QMX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Oct 17, 2016:
| Flow-Through Shares: |
|
| Number of FT Shares: |
10,033,500 flow through shares |
| Purchase Price: |
$0.10 per flow through share |
| Non Flow-Through Shares: |
|
| Number of Non-FT Shares: |
49,567,000 non flow through shares |
| Purchase Price: |
$0.10 per non flow through share |
| Number of Placees: |
17 Placees |
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
________________________________________
RESOURCE CAPITAL GOLD CORP. ("RCG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 28, 2016:
| Number of Shares: |
25,000,000 shares |
|
| Purchase Price: |
$0.20 per share |
|
| Warrants: |
25,000,000 share purchase warrants to purchase 25,000,000 shares |
|
| Warrant Exercise Price: |
$0.30 for a 24 month period |
|
| Number of Placees: |
21 Placees |
|
| Insider / Pro Group Participation: |
||
| Name |
Insider=Y / |
# of Shares |
| 2176423 Ontario Ltd. (Eric Sprott) |
Y |
15,000,000 |
| Finder's Fee: |
Jett Capital Advisors Pty. Ltd. receive $150,000 and 750,000 non-transferable warrants, each exercisable for one share at a price of $0.30 per share for a 24 month period. |
|
| Mackie Research Capital Corporation receive 750,000 shares and 750,000 non-transferable warrants, each exercisable for one share at a price of $0.30 per share for a 24 month period. |
||
| Asenna Wealth Solutions Pty. Ltd. (Assad Tannous) receives 150,000 shares. |
||
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 on October 6, 2016 and October 14, 2016. [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.]
________________________________________
RESOURCE CAPITAL GOLD CORP ("RCG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with a purchase and assignment agreement dated September 9, 2016 between Maritime Dufferin Gold Corp. ("Maritime"), a wholly-owned subsidiary of Resource Capital Gold Corp. ("Resource Capital") and LRC-RA LP ("LRC") (the "Agreement"). Pursuant to the Agreement, Maritime will acquire the Dufferin Gold Mine located in Nova Scotia.
As consideration for the acquisition, Resource Capital will pay a cash purchase price of US$9,500,000 and grant LRC a 1% net smelter royalty, with the royalty commencing on the first day following the fifth year and the first payment payable at the end of the first quarter following the fifth anniversary. The cash purchase price will be paid as to US$1,500,000 on closing of the transaction and the balance of US$8,000,000 payable in five equal installments on each successive anniversary of the closing date, which will be documented by Maritime executing and delivering a promissory note to LRC.
Resource Capital was able to acquire the Dufferin Gold Mine through purchasing this exclusive opportunity from Highland GeoSciences LLC ("Highland"). As consideration, Resource Capital will pay Highland consideration of US$30,000 and issue Highland 1.3 million common shares at closing. Resource Capital has also agreed to issue Highland additional shares for work being performed by Highland in accordance with the following milestones: (i)1.3 million shares at start-up production at the Dufferin gold mine; and (ii) 1.4 million shares at hitting name plate production of 300 tonnes per day at a cash cost of CAD$450 per ounce gold or lower for one month, where cash cost is defined as the sum of mining, milling, and site G&A.
Upon closing of the transaction, Resource Capital will transfer a 10% interest in Maritime to ACT2 Pty Ltd. ("ACT2"), an insider of Resource Capital, in settlement of CAD$1,187,500 of debt owing from Resource Capital to ACT2.
For additional information please refer to Resource Capital's news releases dated September 9, 2016 and October 17, 2016.
_______________________________________
SAN ANGELO OIL LIMITED ("SAO.H")
[formerly San Angelo Oil Limited ("SAO")]
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Property-Asset or Share Disposition Agreement
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing an agreement dated September 2, 2016 (the "Agreement"), between San Angelo Oil Limited (the "Company") and Michael Arguijo (collectively, the "Purchaser"). Pursuant to the Agreement, the Company has disposed of its wholly-owned subsidiary, San Angelo Operating Corp., to the Purchaser for nominal consideration.
Insider / Pro Group Participation: N/A
Please refer to the Company's news releases dated September 7, 2016 and October 31, 2016, all available under the Company's SEDAR profile.
Transfer and New Addition to NEX, Symbol Change
In accordance with TSX Venture Policy 2.5, Continued Listing Requirements and Inter-Tier Movements, the Company does not meet Continued Listing Requirements. Therefore, effective at the opening on Wednesday, November 2nd, 2016 the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX.
The trading symbol for the Company will change from SAO to SAO.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
________________________________________
SOUTHERN LITHIUM CORP. ("SNL")
[formerly Signal Exploration Inc. ("SNL")]
BULLETIN TYPE: Name Change
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors on October 18, 2016, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Wednesday, November 2, 2016 , the common shares of Southern Lithium Corp. will commence trading on TSX Venture Exchange, and the common shares of Signal Exploration Inc. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
| Capitalization: |
unlimited shares with no par value of which |
| 29,300,000 shares are issued and outstanding |
|
| Escrow: |
nil escrow shares |
| Transfer Agent: |
TSX Trust Company |
| Trading Symbol: |
SNL (NO CHANGE) |
| CUSIP Number: |
843303 10 8 (new) |
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TRIO GOLD CORP. ("TGK.H")[formerly Trio Gold Corp. ("TGK")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Suspended
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Wednesday, November 2, 2016, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX.
As of November 2, 2016, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from TGK to TGK.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture bulletin dated July 22, 2016, trading in the shares of the Company will remain suspended.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
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WEALTH MINERALS LTD. ("WML")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 20, 2016:
| SECOND TRANCHE |
|
| Number of Shares: |
2,519,845 shares |
| Purchase Price: |
$1.10 per share |
| Number of Placees: |
46 Placees |
| Insider / Pro Group Participation: |
|
| Aggregate Pro Group Involvement |
|
| [ 3 Placees] |
65,500 shares |
| Finder's Fee: |
$62,755.00 payable to Haywood Securities Inc. |
| $97,058.50 payable to Canaccord Genuity Corp. |
|
| $1,925.00 payable to RBC Dominion Securities |
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WPC RESOURCES INC ("WPQ")
BULLETIN TYPE: Halt
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Effective at 6:18 a.m. PST, November 1, 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.
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WPC RESOURCES INC ("WPQ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company
Effective at 9:30 a.m. PST, November 1, 2016, shares of the Company resumed trading, an announcement having been made.
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SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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