VANCOUVER, Dec. 15, 2016 /CNW/ -
TSX VENTURES COMPANIES
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: December 15, 2016
Re: Notice of Policy Amendments: Policy 5.2 – Changes of Business and Reverse Takeovers
On March 30, 2015, the TSX Venture Exchange (the "Exchange") published a Notice to Issuers (the "March 2015 Bulletin") providing guidance with respect to Policy 5.2 – Changes of Business and Reverse Takeovers ("Policy 5.2") of the Exchange's Corporate Finance Manual.
Effective immediately, the Exchange will be implementing amendments to Policy 5.2 which, in addition to certain other changes summarized below, incorporate the guidance from the March 2015 Bulletin.
Full Text of Amended Policy 5.2
The full text of the amended Policy 5.2 along with a blackline to the previously existing version of Policy 5.2 (dated June 14, 2010) are now available on the Exchange's website at the following page:
Overview of Policy 5.2 Amendments
The amendments involve a major redrafting of the current version of Policy 5.2. The bulk of the amendments are, however, non-substantive in nature and principally involve: (1) redrafting existing policy requirements to improve clarity, but without changing their scope, nature or intent; (2) reorganizing the existing contents into a more logical format; (3) including new guidance that helps facilitate an understanding of existing policy requirements; (4) formalizing into the written policy existing working practices and considerations that fall within the scope and intent of existing written policy requirements; and (5) removing redundant or irrelevant sections of the policy.
The amendments that are substantive in nature principally involve: (1) correcting oversights in Policy 5.2 related to certain procedural matters; and (2) formalizing into the written policy existing working practices related to certain transactions or considerations that Policy 5.2 is currently silent on. A summary description of these substantive amendments to Policy 5.2 follows.
Capitalized terms not specifically defined in this Bulletin have the meanings ascribed to them in Policy 1.1 – Interpretation or Policy 5.2.
1. |
Shareholder Approval: Policy 5.2 has been amended to reflect the contents of the March 2015 Bulletin which provides Issuers with guidance on the specific circumstances in which the Exchange will not require shareholder approval of a particular COB or RTO, effectively for a transaction that is not a Related Party Transaction where the Issuer is without active operations but in good standing (not subject to a cease trade order and not suspended from trading). Please see section 4 of the amended Policy 5.2 for further details. |
2. |
Bridge Financing to the Issuer: In the case of COB and RTO transactions, an Issuer may need to complete a Private Placement, after it has entered into a COB Agreement or RTO Agreement, in order to raise funds to pay for the costs associated with proceeding to completion of the proposed COB or RTO (a "Bridge Financing"). In practice, the Exchange has been applying certain policies to Bridge Financings for several years and the amended Policy 5.2 incorporates those previously unpublished policies. Please see the new section 5 of the amended Policy 5.2 for further details. |
3. |
Deposits and Loans to Target Companies: Due to the time required to complete COB and RTO transactions, an Issuer may need to advance funds to the Target Company prior to the completion of the transaction by way of a refundable or non-refundable deposit and/or a secured or unsecured loan. Please see the new section 6 of the amended Policy 5.2 for further details. |
4. |
Internal Policy Consistency: The documentation required to be filed in relation to a COB or RTO is similar, although not identical, to that required to be filed in relation to an Initial Listing application as set out in Policy 2.3 - Listing Procedures or a Qualifying Transaction as set out in Policy 2.4 – Capital Pool Companies. However, the filing requirements set out in Policy 5.2, Policy 2.3 and Policy 2.4 were not consistent. The amendments to Policy 5.2 also attempt to minimize those inconsistencies to the extent appropriate. Please see sections 2.3, 2.5, 7.2, 7.6 and 7.10 of the amended Policy 5.2 for further details. |
5. |
Sponsorship: The Exchange has indicated its intention to eliminate the general requirement for sponsorship. However, as the policy change regarding sponsorship has not yet been formally implemented, the amended Policy 5.2 still includes references to sponsorship. Where sponsorship of a COB or RTO would be required under Policy 2.2 – Sponsorship and Sponsorship Requirements, the Exchange will be amenable to applications to waive the sponsorship requirement in appropriate circumstances. |
It should be noted that the foregoing is a summary only. The full text of the amended Policy 5.2 should be reviewed to ascertain the full extent of the amendments to Policy 5.2.
If you have any questions about this Bulletin or Policy 5.2, please contact:
Charlotte Bell |
Senior Policy Counsel |
604-643-6577 |
|
Kyle Araki |
Director, Capital Formation (Calgary) |
403-218-2851 |
|
Andrew Creech |
Director, Capital Formation (Vancouver) |
604-602-6936 |
|
Eric Loree |
Team Manager, Toronto |
416-365-2221 |
|
Sylvain Martel |
Director, Capital Formation (Montréal) |
514-788-2408 |
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 15 décembre 2016
Objet : Avis de modification de la Politique 5.2 – Changements dans les activités et prises de contrôle inversées
Le 30 mars 2015, la Bourse de croissance TSX (la « Bourse ») a publié un avis aux émetteurs (le « bulletin de mars 2015 ») qui précisait les principes directeurs de l'application de la Politique 5.2 – Changements dans les activités et prises de contrôle inversées (la « Politique 5.2 ») du Guide du financement des sociétés de la Bourse de croissance TSX.
À compter d'aujourd'hui, la Bourse mettra en œuvre des modifications à la Politique 5.2 qui intègrent les principes directeurs présentés dans le bulletin de mars 2015, en plus de certains autres changements résumés ci-dessous.
Texte intégral de la version modifiée de la Politique 5.2
Le texte intégral de la version modifiée de la Politique 5.2 ainsi que la version antérieure (datée du 14 juin 2010) marquée de celle-ci peuvent être consultés sur le site Web de la Bourse, à l'adresse suivante :
Aperçu des modifications apportées à la Politique 5.2
Les modifications occasionnent une réécriture majeure de la version actuelle de la Politique 5.2. La plupart des modifications ne sont pas de nature fondamentale et concernent principalement : 1) la reformulation des exigences de la politique existante pour accroître leur clarté, sans toutefois modifier leur portée, leur nature ou leurs objectifs; 2) la réorganisation du contenu existant dans un ordre plus logique; 3) l'ajout de nouvelles directives qui contribuent à faciliter la compréhension des exigences actuelles de la politique; 4) l'officialisation de pratiques de travails et autres considérations qui relèvent du champ d'application et des objectifs des exigences écrites actuelles de la politique; 5) la suppression d'articles répétitifs ou non pertinents de la politique.
Les modifications importantes concernent essentiellement: 1) la correction d'omissions de la Politique 5.2 ayant trait à des questions de procédure; 2) l'officialisation de pratiques de travail existantes liées à des opérations ou à des considérations que la version actuelle de la Politique 5.2 ne mentionne pas. Voici le résumé descriptif de ces modifications importantes.
Les termes spécifiques non définis dans les présentes ont la signification qui leur est attribuée dans la Politique 1.1 – Interprétation ou dans la Politique 5.2.
1. |
Approbation des actionnaires. La Politique 5.2 a été modifiée de manière à correspondre à la teneur du bulletin de mars 2015, qui donne aux émetteurs des directives sur les circonstances précises dans lesquelles la Bourse les dispensera d'obtenir l'approbation des actionnaires à l'égard d'un cas particulier de changement dans les activités ou de prise de contrôle inversée, soit, en fait, pour une opération qui n'est pas conclue avec une personne apparentée et lorsque l'émetteur n'a pas d'activités en cours, mais est en règle (c'est-à-dire qu'il ne fait pas l'objet d'une interdiction d'opérations ou d'une suspension de la négociation). Veuillez consulter l'article 4 de la version modifiée de la Politique 5.2 pour obtenir de plus amples renseignements. |
2. |
Financement provisoire de l'émetteur. Dans le cas d'opérations de changement dans les activités ou de prise de contrôle inversée, un émetteur pourrait devoir réaliser un placement privé après la conclusion d'une convention de changement dans les activités ou de prise de contrôle inversée afin de réunir les fonds requis pour acquitter les coûts liés à la réalisation de ces opérations (le « financement provisoire »). En pratique, la Bourse applique depuis plusieurs années certaines politiques aux financements provisoires, et la version modifiée de la Politique 5.2 intègre ces politiques jusqu'alors non publiées. Veuillez consulter le nouvel article 5 de la version modifiée de la Politique 5.2 pour obtenir de plus amples renseignements. |
3. |
Dépôts versés et prêts consentis aux sociétés visées. En raison des délais de réalisation nécessaires aux opérations de changement dans les activités et de prise de contrôle inversée, un émetteur peut être appelé à fournir une avance à la société visée avant la réalisation de l'opération en lui versant un dépôt remboursable ou non ou en lui consentant un prêt garanti ou non. Veuillez consulter le nouvel article 6 de la version modifiée de la Politique 5.2 pour obtenir de plus amples renseignements. |
4. |
Uniformité au sein des politiques. Les documents à déposer dans le cadre d'un changement dans les activités ou d'une prise de contrôle inversée sont analogues aux documents prévus par la Politique 2.3 – Procédure d'inscription dans le cadre d'une demande d'inscription initiale ou à ceux prévus par la Politique 2.4 – Sociétés de capital de démarrage dans le cadre d'une opération admissible. Cependant, les exigences de dépôt énoncées dans les politiques 5.2, 2.3 et 2.4 n'étaient pas uniformes. Les modifications apportées à la Politique 5.2 visent également à réduire ces différences au minimum nécessaire. Veuillez consulter les paragraphes 2.3, 2.5, 7.2, 7.6 et 7.10 de la version modifiée de la Politique 5.2 pour obtenir de plus amples renseignements. |
5. |
Parrainage. La Bourse a fait connaître son intention de supprimer l'exigence générale de parrainage. Cependant, comme le changement de politique concernant le parrainage n'a pas encore été mis en œuvre officiellement, la version modifiée de la Politique 5.2 fait encore référence au parrainage. Lorsque la Politique 2.2 – Parrainage et exigences connexes exige le parrainage d'une opération de changement dans les activités ou de prise de contrôle inversée, la Bourse sera disposée à accueillir les demandes de dispense des exigences de parrainage lorsque les circonstances s'y prêtent. |
Il est à noter que le présent bulletin est un résumé. Il importe de consulter le texte intégral de la version modifiée de la Politique 5.2 afin de connaître l'étendue des modifications qui y ont été apportées.
Pour toute question au sujet du présent bulletin ou de la Politique 5.2, veuillez communiquer avec l'une des personnes suivantes :
Charlotte Bell |
Conseillère juridique principale, Politiques |
604 643-6577 |
|
Kyle Araki |
Directeur, Formation du capital (Calgary) |
403 218-2851 |
|
Andrew Creech |
Directeur, Formation du capital (Vancouver) |
604 602-6936 |
|
Eric Loree |
Chef d'équipe (Toronto) |
416 365-2221 |
|
Sylvain Martel |
Directeur, Formation du capital (Montréal) |
514 788-2408 |
TIPO DE BOLETÍN : Aviso a los emisores
FECHA DEL BOLETÍN : 15 de diciembre de 2016
Objeto: Aviso de modificación de la Política 5.2 – Cambios en las Actividades y Adquisiciones Inversas
El 30 de marzo de 2015, TSX Venture Exchange (la "Bolsa") publicó un aviso a los emisores que proporcionaba directrices relativas a la aplicación de la Política 5.2 – Cambios en las Actividades y Adquisiciones Inversas (la "Política 5.2") del Manual de Financiamiento Corporativo.
Con efecto inmediato, la Bolsa procede a la aplicación de su Política 5.2 que integra las directrices presentadas en el boletín de marzo de 2015, además de ciertos otros cambios resumidos a continuación.
Texto integral de la Política 5.2
El texto integral de la Política 5.2 enmendada, al igual que la versión anterior (fechada 14 de junio de 2010) con las marcas de cambios están disponibles (en inglés) en el sitio web de la Bolsa, en la página a continuación:
Resumen de las enmiendas realizadas a la Política 5.2
Las enmiendas conllevan amplias modificaciones en la redacción de la versión actual de la Política 5.2. La mayor parte de las enmiendas no son sustantivas y principalmente comprenden: (1) una nueva redacción de los requisitos de la política actual para incrementar la claridad, sin por ello modificar su alcance, naturaleza u objetivos; (2) la reorganización de los contenidos existentes en un orden más lógico; (3) la incoporación de nuevas directrices destinadas a facilitar la comprensión de los requisitos actuales de la política; (4) la adjudicación de validez oficial de prácticas de trabajo y consideraciones que entran en el ámbito de aplicación y de los objetivos de los requisitos escritos actuales de la política; y (5) la supresión de artículos redundantes o irrelevantes de la política.
Las enmiendas sustantivas se refieren principalmente a: (1) la corrección de omisiones de la Política 5.2 relacionadas con cuestiones de procedimiento; y (2) la adjudicación de validez oficial de prácticas de trabajo existentes relativas a determinadas transacciones o consideraciones que la versión actual de la Política 5.2 no menciona. A continuación se expone un resumen descriptivo de las enmiendas sustantivas de la Política 5.2.
Los términos claves no definidos en el presente tendrán los significados que se les atribuyen en la Política 1.1 – Interpretación o en la Política 5.2.
1. |
Aprobación de los Accionistas: La Política 5.2 ha sido enmendada al tenor de los contenidos del Boletín de marzo de 2015, el cual proporciona a los emisores directrices sobre las circunstancias precisas en las cuales la Bolsa dispensa la obtención de la aprobación de los accionistas respecto de un caso particular de cambio en las actividades o de adquisición inversa; de hecho, cuando la transacción no es una transacción con partes relacionadas y cuando el Emisor no tiene operaciones activas, pero está al día en sus obligaciones (es decir, que no sea objeto de una orden de cese de negociación o que la negociación de sus valores no vaya a ser suspendida). Para mayores informes, favor de referirse al artículo 4 de la versión enmendada de la Política 5.2. |
2. |
Prefinanciamiento del Emisor: En el caso de transacciones de cambio en las actividades o de adquisición inversa, un Emisor podría deber realizar una colocación privada tras haber celebrado un contrato de cambio en las actividades o de adquisición inversa con el objeto de recaudar los fondos necesarios para pagar los costos asociados a la realización del proyecto de cambio en las actividades o de adquisición inversa (el "prefinanciamiento"). En la práctica, la Bolsa aplica desde hace varios años determinadas políticas a los prefinanciamientos, y la versión enmendada de la Política 5.2 incorpora esas políticas que hasta la fecha no habían sido publicadas. Para mayores informes, favor de referirse al artículo 5 de la versión enmendada de la Política 5.2. |
3. |
Depósitos y Préstamos a Sociedades Objeto: Debido a los plazos requeridos para la realización de las transacciones de cambio en las actividades o de adquisición inversa, un Emisor podría deber proporcionar un anticipo de fondos a la sociedad objeto antes de la realización de la transacción mediante un depósito reembolsable o no reembolsable y/o por medio de un préstamo garantizado o no garantizado. Para mayores informes, favor de referirse al artículo 6 de la versión enmendada de la Política 5.2. |
4. |
Uniformidad Interna de las Políticas: Los documentos que deben ser presentados con arreglo a transacciones de cambio en las actividades o de adquisición inversa son similares a los previstos en la Política 2.3 – Procedimiento de Inscripción en el contexto de una solicitud de inscripción inicial o a los documentos previstos en la Política 2.4 – Sociedades de Capital Generador (CPC) en el contexto de una operación admisible. Sin embargo, los requisitos de inscripción enunciados en la Política 5.2, la Política 2.3 y la Política 2.4 carecían de uniformidad. Las enmiendas aportadas a la Política 5.2 también intentan reducir esas diferencias al mínimo según proceda. Para mayores informes, favor de referirse a los párrafos 2.3, 2.5, 7.2, 7.6 y 7.10 de la versión enmendada de la Política 5.2. |
5. |
Patrocinio: La Bolsa da a conocer su intención de suprimir el requisito general de patrocinio. Sin embargo, como el cambio de política relativa al patrocinio aún no ha sido implementado oficialmente, la Política 5.2 incluye todavía referencias al patrocinio. Cuando la Política 2.2 – Patrocinio y Requisitos Conexos exige el patrocinio de una transacción de cambio en las actividades o de adquisición inversa, la Bolsa estará dispuesta a acoger las solicitudes de dispensa de los requisitos de patrocinio en las debidas circunstancias. |
Nótese que el presente boletín solo presenta un resumen de las enmiendas. Es importante consultar el texto integral de la versión enmendada de la Política 5.2 a fin de examinar la amplitud de las modificaciones realizadas en esta.
Para toda pregunta sobre el presente Boletín o sobre la Política 5.2, favor de comunicarse con una de las personas a continuación.
Charlotte Bell |
Consejera jurídica principal, Políticas |
604-643-6577 |
|
Kyle Araki |
Formación de capital, Calgary |
403-218-2851 |
|
Andrew Creech |
Formación de capital, Vancouver |
604-602-6936 |
|
Eric Loree |
Jefe de equipo, Toronto |
416-365-2221 |
|
Sylvain Martel |
Formación de capital, Montreal |
514-788-2408 |
__________________________________
AMARILLO GOLD CORPORATION ("AGC")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced October 24, 2016 and December 2, 2016:
Number of Shares: |
10,312,500 shares |
||
Purchase Price: |
$0.32 per share |
||
Number of Placees: |
24 Placees |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
Lithosphere Services Inc. (Buddy Doyle) |
Y |
468,750 |
|
0800025 BC Ltd. (Patrick Power) |
Y |
187,500 |
|
0874444 BC Ltd. (Scott Eldridge) |
Y |
406,250 |
|
A. David Birkett |
Y |
190,000 |
|
William R. Brown |
Y |
308,203 |
|
Rosty Raykov |
Y |
187,500 |
|
Aggregate Pro Group Involvement |
P |
351,250 |
|
[1 Placee] |
|||
Agent's Fee: |
$128,544 payable to Pollitt & Co. Inc., with 618,750 warrants exercisable at $0.32 for two years |
The Company issued a news release on December 13, 2016 confirming closing of the private placement.
________________________________________
ANGLO-BOMARC MINES LTD. ("ANB")
BULLETIN TYPE: Warrant Price Amendment and Term Extension
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants:
Private Placement: Price Amendment
# of Warrants: |
14,250,000 |
Forced Exercise Provision: |
If the closing price for the Company's shares is $0.125 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. |
Original Exercise Price of Warrants: |
$0.20 |
New Exercise Price of Warrants: |
$0.10 |
Private Placement: Term Extension |
|
# of Warrants: |
14,250,000 |
Original Expiry Date of Warrants: |
August 5, 2017 |
New Expiry Date of Warrants: |
August 5, 2010 |
These warrants were issued pursuant to a private placement of shares with share purchase warrants attached, which was accepted for filing by the Exchange effective.
________________________________________
BLACKHAWK RESOURCE CORP. ("BLR")
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
The Issuer has declared the following dividend(s):
Dividend per Common Share: |
$0.00105 |
Payable Date: |
January 15, 2017 |
Record Date: |
December 31, 2016 |
Ex-Dividend Date: |
December 28, 2016 |
________________________________________
BLUEOCEAN NUTRASCIENCES INC. ("BOC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 27, 2016:
Number of Shares: |
21,813,896 common shares |
||
Purchase Price: |
$0.15 per share |
||
Warrants: |
21,813,896 share purchase warrants attached to purchase 21,813,896 shares |
||
Warrant Exercise Price: |
$0.20 for a two year period |
||
Number of Placees: |
57 Placees |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
Samuel Kanes |
Y |
996,460 |
|
Finders' Fees: |
an aggregate of $149,584 plus 1,287,937 finders/corporate finance warrants (each exercisable into one common share at a price of $0.115 for a two year period) is payable to Intrynsyc Capital Corporation, Kyle de Jong, Canaccord Genuity, Leede Jones Gable, Tormont Group (Pat Wood) and Peter Heimler. |
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.
________________________________________
BREAKING DATA CORP. ("BKD")
BULLETIN TYPE: Halt
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Effective at 1:12 p.m. PST, December 14, 2016, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
________________________________________
Breaking Data Corp. ("BKD")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: December 16, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 15, 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.
________________________________________
CLEAN COMMODITIES CORP. ("CLE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Effective at 10:30 a.m. PST, December 15, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
CO2 SOLUTIONS INC. ("CST")
BULLETIN TYPE: Halt
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Effective at 11:37 a.m. PST, December 14, 2016, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
________________________________________
CO2 SOLUTIONS INC. ("CST")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Effective at 6:00 a.m. PST, December 15, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
G4G CAPITAL CORP. ("GGC")
BULLETIN TYPE: Private Placement-Brokered; Private Placement-Non-Brokered; Correction
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated December 14, 2016, the following information is amended:
Brokered Private Placement
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced December 5, 2016:
Number of Shares: |
1,000,000 shares |
Purchase Price: |
$1.20 per share |
Number of Placees: |
1 Placee |
Agent's Fee: |
$25,000 to GMP Securities L.P. |
Non-Brokered Private Placement
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 5, 2016:
Number of Shares: |
14,000,000 shares |
||
Purchase Price: |
$1.20 per share |
||
Number of Placees: |
5 Placees |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
PowerOne Capital Corp. (Pat DiCapo) |
100,000 |
||
Shawn Ryan |
Y |
100,000 |
|
2180447 Ontario Inc. (David D'Onofrio) |
Y |
33,333 |
|
Agnico Eagle Mines Limited |
Y |
12,100,000 |
|
Advisory Fee: |
$726,000 payable to GMP Securities L.P., with 605,000 warrants exercisable at $1.20 for two years |
The Company issued a news release on December 13, 2016 confirming closing of the brokered and non-brokered private placement.
________________________________________
MACRO ENTERPRISES INC. ("MCR")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: December 15, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated December 13, 2016, it may repurchase for cancellation, up to 1,500,000 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange or other recognized marketplaces during the period December 23, 2016 to December 22, 2017. Purchases pursuant to the bid will be made by PI Financial (Bill Whitehead)Error! Bookmark not defined. on behalf of the Company.
________________________________________
MBAC FERTILIZER CORP. ("MBC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 22, 2016:
Number of Shares: |
5,374,800 common shares |
||
Purchase Price: |
$2.50 per share |
||
Number of Placees: |
1 Placee |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
Zaff LLC |
Y |
5,374,800 |
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.
________________________________________
MICREX DEVELOPMENT CORP. ("MIX")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 760,000 Common Shares ("Shares") at a deemed price of $0.05 per Share to settle outstanding debt of $38,000 with Firstake Capital Corp.
Number of Creditors: 1 Creditor
Insider / Pro Group Participation: None
For further information, please see the company's press releases dated December 1, December 2, and December 5, 2016.
________________________________________
MIDNIGHT SUN MINING CORP. ("MMA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 3, 2016 and December 2, 2016:
Number of Shares: |
10,632,000 shares |
||
Purchase Price: |
$0.10 per share |
||
Warrants: |
10,632,000 share purchase warrants to purchase 10,632,200 shares |
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Warrant Exercise Price: |
$0.20 for a two year period |
||
Number of Placees: |
42 Placees |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
Allan Fabbro |
Y |
1,000,000 |
|
Aggregate Pro Group Involvement |
P |
892,000 |
|
[ Placee(s)] |
|||
Finder's Fee: |
Canaccord Genuity Corp. $40,256 cash and 402,560 broker warrants payable. Each broker warrant is exercisable into one share at $0.20. 282,560 warrants expire October 31, 2018 and 120,000 warrants expire December 2, 2018. |
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Haywood Securities Inc. $4,000 cash 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. [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.]
________________________________________
NOVRA TECHNOLOGIES INC. ("NVI")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 29, 2016:
Convertible Debenture: |
$300,000 |
|
Conversion Price: |
Convertible into shares at a price of $0.12 and convertible any time after June 15, 2017 until January 2, 2018 |
|
Maturity date: |
January 2, 2018 |
|
Interest rate: |
4% per annum |
|
Number of Placees: |
1 Placee |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
$ of Debentures |
InfoMagnetics Technologies Inc. |
Y |
$300,000 |
(Harris Liontas) |
||
Agent's Fee: |
None |
________________________________________
NXGOLD LTD. ("NXN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 8, 2016:
Number of Shares |
19,840,600 shares |
||
Purchase Price: |
$0.25 per share |
||
Warrants: |
9,920,300 share purchase warrants to purchase 9,920,300 shares |
||
Warrant Exercise Price: |
$0.50 for a three year period, subject to an acceleration clause. |
||
Number of Placees: |
113 Placees |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
Leigh Curyer |
Y |
1,300,000 |
|
Travis McPherson |
Y |
80,000 |
|
Garrett Ainsworth |
Y |
202,600 |
|
Hailey Devitt |
Y |
50,000 |
|
Aggregate Pro Group Involvement |
P |
5,040,000 |
|
[26 Placees] |
|||
Finder's Fee: |
Canaccord Genuity Corp. $17,375 cash payable. |
||
PI Financial Corp. $8,000 cash payable. |
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Haywood Securities Ltd. $110,250 cash payable and 441,000 finder warrants. Each finder warrant is exercisable into one common share at $0.25 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.]
________________________________________
ORONOVA ENERGY INC. ("ONV")
[formerly ORONOVA RESOURCE CORP. ("ONV")]
BULLETIN TYPE: Name Change
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Pursuant to a Directors resolution dated November 24, 2016 the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening December 16, 2016, the common shares of Oronova Energy Inc. will commence trading on TSX Venture Exchange, and the common shares of Oronova Resource Corp. will be delisted. The Company is classified as a 'Resource' company.
Capitalization: |
unlimited |
shares with no par value of which |
33,552,828 |
shares are issued and outstanding |
|
Escrow: |
nil |
|
Transfer Agent: |
Computershare Trust Company of Canada |
|
Trading Symbol: |
ONV |
UNCHANGED |
CUSIP Number: |
687156109 |
NEW |
________________________________________
OTIS GOLD CORP. ("OOO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: Dec 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Nov 25, 2016:
Number of Shares: |
2,962,963 shares |
||
Purchase Price: |
$0.27 per share |
||
Number of Placees: |
10 Placees |
||
Insider / Pro Group Participation: |
|||
Name |
Insider=Y / |
# of Shares |
|
2ND Half Limited (Christopher Lee-Barber) |
Y |
500,000 |
|
Arbutus Grove Capital Corp. |
Y |
157,409 |
|
Finder's Fee: |
|||
Scarsdale Equities LLC |
$18,630.00 cash |
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.
________________________________________
PATRIOT ONE TECHNOLOGIES INC. ("PAT")
BULLETIN TYPE: Halt
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Effective at 4:34 a.m. PST, December 15, 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.
________________________________________
PURE MULTI-FAMILY REIT LP ("RUF.U") ("RUF.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: December 15, 2016
TSX Venture Tier 1 Company
The Issuer has declared the following distribution(s):
Distribution per US Class Unit: |
US$0.03125 |
Distribution per CDN Class Unit: |
US$0.03125 |
Payable Date: |
January 16, 2017 |
Record Date: |
December 30, 2016 |
Ex-Distribution Date: |
December 28, 2016 |
________________________________________
REPLICEL LIFE SCIENCES INC. ("RP")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 15, 2016
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 719,368 shares and 719,368 share purchase warrants to settle outstanding debt for $374,071.63.
Number of Creditors: |
4 Creditors |
Warrants: |
719,368 share purchase warrants to purchase 719,368 shares |
Warrant Exercise Price: |
$1.10 for a two year period. The warrants will be subject to an acceleration provision such that in the event that the common shares have a closing price of greater than $2.00 per share for a period of 10 consecutive trading days at any time after four months and one day from closing, the Company accelerate the expiry date of the warrants by giving notice, in such case, the warrants will expire on the 30th day after notice. |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
SIMBA ENERGY INC. ("SMB")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated November 3, 2016, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission dated November 3, 2016 has been revoked.
Effective at the opening, Friday, December 16, 2016, trading will be reinstated in the securities of the Company.
_____________________________________
SIMBA ENERGY INC. ("SMB")
BULLETIN TYPE: Shares for Debt, Correction
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
CORRECTION:
Further to the TSX Venture Exchange Bulletin dated December 14, 2016, the Bulletin should have read as follows:
TSX Venture Exchange has accepted for filing the Company's proposal to issue 8,100,000 shares at a deemed price of $0.05 and 1,100,000 share purchase warrants to settle outstanding debt for $405,000.
Warrants: |
1,100,000 share purchase warrants for 1,100,000 common shares at an exercise price of $0.075 until January 21, 2018. |
The remainder of the bulletin is unchanged.
________________________________________
SKYHARBOUR RESOURCES LTD. ("SYH")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
Effective at 10:30 a.m. PST, December 15, 2016, shares of the Company resumed trading, an announcement having been made.
________________________________________
STARLIGHT U.S. MULTI-FAMILY NO.5 ("STUS.A") ("STUS.U")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: December 15, 2016
TSX Venture Tier 1 Company
The Issuer has declared the following distribution(s):
Distribution per Cl A: |
CDN$0.05417 |
Distribution per Cl U: |
US$0.05417 |
Payable Date: |
January 16, 2017 |
Record Date: |
December 30, 2016 |
Ex-Distribution Date: |
December 28, 2016 |
________________________________________
TANAGER ENERGY INC. ("TAN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 14, 2016:
Number of Shares: |
21,000,000 common share units ("Units") |
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Each Unit is comprised of one common share and one common share purchase warrant |
|||
Purchase Price: |
$0.10 per Unit |
||
Warrants: |
21,000,000 share purchase warrants to purchase 21,000,000 shares |
||
Warrant Exercise Price: |
$0.10 for up to 20 months from the closing date |
||
$0.12 for the next 12 months |
|||
Number of Placees: |
1 Placee |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
ACH Management, LLC |
Y |
21,000,000 |
|
(Haynes Morris) |
|||
Finder's Fee: |
None |
________________________________________
TSODILO RESOURCES LIMITED ("TSD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 15, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 6, 2016:
Number of Shares: |
10,795,578 shares |
||
Purchase Price: |
CDN$0.75 per share |
||
Warrants: |
10,795,578 share purchase warrants to purchase 10,795,578 shares |
||
Warrant Exercise Price: |
US$0.75 for a two year period |
||
Number of Placees: |
14 Placees |
||
Insider / Pro Group Participation: |
|||
Insider=Y / |
|||
Name |
ProGroup=P |
# of Shares |
|
Michiel de Wit |
Y |
26,860 |
|
Mark Scowcroft |
Y |
400,000 |
|
David Cushing |
Y |
1,504,280 |
|
Finder's Fee: |
$134,302.98, payable to Dundee Securities Europe Limited |
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.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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