VANCOUVER, Oct. 10, 2017 /CNW/ -
TSX VENTURE COMPANIES
ACCELEWARE LTD. ("AXE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 7, 2017:
Number of Shares: |
4,651,066 Common share units ("Units") |
|
Each units consists of one common share of the company and one-half of one common share purchase warrant |
||
Purchase Price: |
$0.18 per Unit |
|
Warrants: |
2,325,533 warrants to purchase 2,325,533 common shares |
|
Warrant Exercise Price: |
$0.27 for a period ending on Sept. 26, 2019 |
|
Number of Placees: |
32 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Units |
Michael Tourigny |
Y |
125,000 |
Michal Okoniewski |
Y |
147,000 |
Geoff Clark |
Y |
150,500 |
Dan Cyca |
Y |
250,000 |
Peter Neweduk |
Y |
27,500 |
Aggregate Pro-Group |
||
Involvement [1 Placee] |
P |
555,600 |
Agent's Fee: |
None |
________________________________________
ALPHA PEAK LEISURE INC. ("AAP")
BULLETIN TYPE: Private Placement - Non-Brokered
BULLETIN DATE: October 10, 2017
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 14, 2017:
Number of Shares: |
7,730,593 Common Shares |
|
Purchase Price: |
$0.225 per Share |
|
Warrants: |
None |
|
Warrant Exercise Price: |
None |
|
Number of Placees: |
1 Placee |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Yuxiu Zhao |
Y |
7,730,593 |
Finder's Fee: |
None |
________________________________________
AZINCOURT URANIUM INC. ("AAZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: Oct 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Jul 31, 2017:
Number of Shares: |
11,100,000 shares |
|
Purchase Price: |
$0.05 per share |
|
Warrants: |
11,100,000 share purchase warrants to purchase 11,100,000 shares |
|
Warrant Initial Exercise Price: |
$0.12 |
|
Warrant Term to Expiry: |
1 Year |
|
Number of Placees: |
19 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
Pro-Group=P |
# of Shares |
Aggregate Pro-Group |
||
Involvement [2 Placees] |
P |
800,000 |
Finder's Fee: |
||
PI Financial Corp. |
$3,200.00 cash; 64,000 warrants |
|
NBCN INC |
$1,600.00 cash; 32,000 warrants |
|
Finder Warrant Initial Exercise Price: |
$0.12 |
|
Finder Warrant Term to Expiry: |
Exercisable for one year at $0.12 |
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.
________________________________________
BARKERVILLE GOLD MINES LTD. ("BGM")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced September 1, 2017:
Number of Shares: |
25,000,000 flow-through shares |
|
8,750,000 shares |
||
Purchase Price: |
$1.12 per flow-through share |
|
$0.80 per share |
||
Number of Placees: |
78 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Osisko Gold Royalties Ltd. |
Y |
2,878,750 |
Osisko Mining Inc. |
Y |
1,944,000 |
Tom Obradovich |
Y |
100,000 |
Morris Prychidny |
Y |
100,000 |
William Murray John |
Y |
200,000 |
Andres Tinajero |
Y |
100,000 |
Sean Roosen |
Y |
250,000 |
John Sabine |
Y |
62,500 |
Andree St. Germain |
Y |
12,500 |
Agent's Fee: |
Canaccord Genuity Corp. - $382,147.00 |
|
Haywood Securities Inc. - $229,288.20 |
||
Cormark Securities Inc. - $152,858.80 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issue a news release dated September 28, 2017 announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
________________________________________
BLACK DRAGON GOLD CORP. ("BDG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 5,082,164 shares at $0.06375 per share and 573,799 share purchase warrants to settle outstanding debt for $323,988.03.
Number of Creditors: |
3 Creditors |
Warrants: |
573,799 share purchase warrants to purchase 573,799 shares |
Warrant Exercise Price: |
$0.11 for a two year period |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
CANNABIS WHEATON INCOME CORP. ("CBW")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 6, 2017:
Convertible Debenture: |
$30,000,000 |
|
Conversion Price: |
Convertible into units consisting of 30,000,000 common share and 15,000,000 common share purchase warrant at $1.00 of principal outstanding with an expiry date of June 29, 2019. |
|
Maturity date: |
June 29, 2019 |
|
Warrants: |
Each warrant will have a term of two years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $1.50 for two years. |
|
Interest rate: |
6% per annum |
|
Number of Placees: |
17 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
MMCAP International Inc. |
||
(Matthew Maclsaac) |
Y |
20,472,000 |
Aggregate Pro Group |
||
Involvement |
P |
|
Finder's Fee: |
$2,099,250 cash and 2,099,250 warrants payable to Mackie Research Capital Corporation. |
|
Finder's fee warrants are exercisable at $1.00 per share for two years. |
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.
________________________________________
CASCADERO COPPER CORPORATION ("CCD")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 3,750,000 bonus warrants at an exercise price of $0.08 per share for five years to the following insiders in consideration of $300,000 loan advanced to the Company.
Shares |
Warrants |
|
Judith Harder |
1,875,000 |
|
Bill McWilliam |
1,875,000 |
________________________________________
DOUBLEVIEW CAPITAL CORP. ("DBV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 28, 2017:
Number of Shares: |
11,600,000 shares |
|
Purchase Price: |
$0.05 per share |
|
Warrants: |
11,600,000 share purchase warrants to purchase 11,600,000 shares |
|
Warrant Exercise Price: |
$0.05 for a five year period |
|
Number of Placees: |
3 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Farshad Shirvani |
Y |
6,600,000 |
Parvaneh Shirvani |
Y |
4,000,000 |
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.
________________________________________
ENPAR TECHNOLOGIES INC. ("ENP")
BULLETIN TYPE: Halt
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
Effective at 9:19 a.m. PST, October 10, 2017, 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.
________________________________________
ENPAR TECHNOLOGIES INC. ("ENP")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated October 10, 2017, 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.
________________________________________
GOLD STANDARD VENTURES CORP. ("GSV")
BULLETIN TYPE: Graduation
BULLETIN DATE: October 10, 2017
TSX Venture Tier 1 Company
TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening on October 11, 2017, under the symbol "GSV".
As a result of this Graduation, there will be no further trading under the symbol "GSV" on TSX Venture Exchange after Tuesday October 10th, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
________________________________________
LUMINOR MEDICAL TECHNOLOGIES INC. ("LMT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Non Brokered
BULLETIN DATE: October 11, 2017
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a Amalgamation Agreement dated September 25, 2017 (the "Agreement"), between Luminor Medical Technologies Inc. (the "Company") and Jamaica-Blu Ltd. and 2596894 ONTARIO LTD., whereby the Company has acquired all of the issued and outstanding shares of Jamaica-Blu Ltd. – an Ontario company that holds the exclusive Canadian licence of all current and future cannabis commercial products developed by Rise Research Inc.
To satisfy the purchase price, the Company paid $200,000 in cash to Rise Research Inc. for intellectual property access and issued 9,500,000 common shares at a deemed value of $0.15 per share to the shareholders of Jamaica-Blu Ltd. as consideration.
Private Placement
The Exchange also has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 8, 2017:
Number of Shares: |
14,948,798 shares |
|
Purchase Price: |
$0.15 per share |
|
Warrants: |
7,474,399 share purchase warrants to purchase 7,474,399 shares |
|
Warrant Exercise Price: |
$0.25 for a two year period |
|
Number of Placees: |
61 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Chris Carmichael |
Y |
266,667 |
Christian Sauvageau |
Y |
266,667 |
8 Subscribers |
P |
1,801,700 |
Agent's Fee: |
An aggregate cash commission of $129,850.38 and 865,669 broker warrants was payable to Canaccord Genuity Corp. and Brant Securities Limited. Each broker warrant entitles the holder to acquire one common share at $0.25 for a two year period. |
For further details, please refer to the Company's news releases dated May 10, 2017, September 12, 2017 and September 28, 2017.
________________________________________
NORTEC MINERALS CORP. ("NVT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the First Tranche of a Non-Brokered Private Placement announced September 7, 2017:
Number of Shares: |
5,3750,000 shares |
|
Purchase Price: |
$0.075 per share |
|
Number of Placees: |
23 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
John Michael W. Collins |
Y |
70,000 |
Harvey Stark |
Y |
50,000 |
Aggregate Pro Group |
||
Involvement [4 Placees] |
P |
1,000,000 |
Finder's Fee: |
Haywood Securities Inc. 187,500 common shares payable. |
|
PI Financial Corp. 18,375 common shares 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.]
________________________________________
NORTHERN VERTEX MINING CORP. ("NEE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Second and Final Tranche of a Non-Brokered Private Placement announced May 26, 2017:
Number of Shares: |
478,000 shares |
Purchase Price: |
$0.52 per share |
Warrants: |
239,000 share purchase warrants to purchase 239,000 shares |
Warrant Exercise Price: |
$0.91 for a two year period |
$1.04 in the second, third, fourth and fifth years |
|
Number of Placees: |
4 Placees |
Finder's Fee: |
Discovery Sarl $3,120 cash payable. |
Echelon Wealth Partners $1,497.60 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.
________________________________________
PARTNERS VALUE INVESTMENTS LP ("PVF.PR.U")
BULLETIN TYPE: Declaration of a Late Dividend
BULLETIN DATE: October 10, 2017
TSX Venture Tier 1 Company
The Issuer has declared the following dividend(s):
Dividend per Class A Preferred LP Units: |
US$0.28125 |
Payable Date: |
October 30, 2017 |
Record Date: |
September 29, 2017 |
Ex-Dividend Date: |
October 11, 2017 |
The Preferred shares should have commenced trading on an ex-dividend basis but due to late notification from the Issuer have been trading on a cum-dividend basis and will commence trading on TSXV on an ex-dividend basis effective from the opening on October 11, 2017. Holders including purchasers of the preferred shares on or before October 10, 2017 should maintain a record of brokers that sold them the shares in order to enable such holders to claim the dividend. Questions can be directed to Adil Mawani at the Company: (647) 503-6513.
________________________________________
VIRIDIUM PACIFIC GROUP LTD. ("VIR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, October 10, 2017, shares of the Company resumed trading, an announcement having been made.
________________________________________
VITALHUB CORP. ("VHI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Brokered, Resume Trading
BULLETIN DATE: October 10, 2017
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a Share Purchase Agreement dated August 29, 2017 (the "Agreement"), between Vitalhub Corp. (the "Company") and several arm's length parties (collectively, the "Vendors"), whereby the Company has acquired all of the issued and outstanding shares of B Sharp Technologies Inc. – an Ontario based company that deploys client case management and electronic documentation solutions for healthcare, social services and community care organizations.
To satisfy the $3,826,000 purchase price, $1,876,000 in cash and 13,928,571 common shares at a deemed value of $0.14 per share was issued to the Vendors as consideration.
Private Placement
The Exchange also has accepted for filing documentation with respect to a Brokered Private Placement announced March 24, 2017:
Number of Shares: |
31,779,300 shares |
|
Purchase Price: |
$0.10 per share |
|
Warrants: |
31,779,300 share purchase warrants to purchase 31,779,300 shares |
|
Warrant Exercise Price: |
$0.18 for a two year period |
|
Number of Placees: |
72 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Roger Dent |
Y |
1,000,000 |
Daniel Matlow |
Y |
500,000 |
Ellana Matlow |
Y |
500,000 |
Jennifer Goffenberg |
Y |
500,000 |
Brian Goffenberg |
Y |
500,000 |
Barry Tissenbaum |
Y |
180,000 |
Steve Garrington |
Y |
250,000 |
Agent's Fee: |
An aggregate cash commission of $112,054, 446,715 units, and 1,687,255 broker warrants was payable to Echelon Wealth Partners Inc. and Paradigm Capital Inc. Each broker warrant entitles the holder to acquire one common share at $0.18 for a two year period. |
Resume Trading
Effective at the opening on Wednesday, October 11, 2017, shares of the Company will resume trading, the Exchange having received acceptable documentation regarding the Reviewable Transaction pursuant to Exchange Policy 5.3.
For further details, please refer to the Company's news releases dated June 12, 2017, August 10, 2017, August 31, 2017, September 12, 2017 and October 5, 2017.
________________________________________
NEX COMPANIES
A.I.S. RESOURCES LIMITED ("AIS.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 10, 2017
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 27, 2017:
Number of Shares: |
5,830,000 common share unit ("Units") |
|
Each Unit consists of one common share of the Company and one common share purchase warrant. |
||
Purchase Price: |
$0.20 per Unit |
|
Warrants: |
5,830,000 share purchase warrants to purchase 5,830,000 shares |
|
Warrant Exercise Price: |
$0.30 for a period of 12 months from the date of issuance. |
|
Number of Placees: |
28 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Martyn Element |
Y |
425,000 |
Aggregate Pro Group |
||
Involvement [1 Placee(s)] |
P |
175,000 |
Finder's Fee: |
$9,240 cash and 46,200 warrants ("Finder's Warrants") payable to Canaccord Genuity Corp. |
|
$10,080 cash and 50,400 Finder's Warrants payable to Haywood Securities Inc. |
||
$3,850 cash and 19,250 Finder's Warrants payable to Mackie Research Capital Corporation |
||
$1,400 cash and 7,000 Finder's Warrants payable to PI Financial Corp. |
||
Each Finder Warrant is exercisable for one common share at an exercise price of $0.30 for 1 year from date of issuance. |
________________________________________
ARCO RESOURCES CORP. ("ARR.H")
BULLETIN TYPE: Halt
BULLETIN DATE: October 10, 2017
NEX Company
Effective at 4:43 a.m. PST, October 10, 2017, 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.
________________________________________
BARKSDALE CAPITAL CORP. ("BRO")
[formerly Barksdale Capital Corp. ("BRO.H")]
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Graduation from NEX to TSX Venture, Symbol Change, Resume Trading, Private Placement-Non-Brokered, Resume Trading
BULLETIN DATE: October 10, 2017
NEX Company
TSX Venture Exchange has accepted for filing an arm's length definitive agreements dated August 10, 2017 (collectively, the "Definitive Agreement") whereby Barksdale Capital Corp. (the "Company") can acquire by way of option, and subject to underlying royalties, up to a 67.5% undivided interest in mining lode claims known as the Patagonia/Sunnyside (the "Sunnyside Property") property located in Arizona from Regal Resources USA Inc.
CASH |
SHARES |
WORK EXPENDITURES |
|
At closing |
$650,000 |
1,250,000 |
$0 |
Year 1(1) |
$1,200,000 |
3,850,000 |
$3,000,000 |
Year 2 |
$1,000,000 |
5,000,000 |
$3,000,000 |
Year 3 |
$3,000,000 |
||
Year 4 |
$550,000 |
4,900,000 |
$3,000,000 |
Total |
$3,500,000 |
15,000,000 |
$12,000,000 |
(1) Note Year 1 commences when all government permits including drilling permits on the Sunnyside property have been received.
NEX Reactivation
The Company has met the requirements to be listed as a TSX Venture Tier Company. Therefore, effective on open of trading on Wednesday October 11, 2017, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Vancouver.
Effective at the opening of trading on Wednesday October 11, 2017, the trading symbol for the Company will change from BRO.H to BRO. The Company is classified as a mineral exploration company.
Capitalization: |
Unlimited |
shares with no par value of which |
33,145,583 |
shares are issued and outstanding (including private placement shares) |
|
Escrow: |
NIL |
Resume Trading
Effective at open of trading Wednesday October 11, 2017 shares of the Company resumed trading, an announcement having been made.
PRIVATE PLACEMENT
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 15, 2017 and October 3, 2017:
Number of Shares: |
13,530,000 shares |
|
Purchase Price: |
$0.40 per share |
|
Number of Placees: |
62 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Jonathan Awde |
Y |
250,000 |
Richard Silas |
Y |
100,000 |
0820659 B.C. Ltd. |
||
(Michael Waldkirch) |
Y |
125,000 |
Peter McRae |
Y |
50,000 |
Glenn Kumoi |
Y |
125,000 |
Lewis Teal |
Y |
25,000 |
Aggregate Pro Group |
||
Involvement [16 Placees] |
P |
1,227,500 |
Finder's Fee: |
Medalist Capital Ltd. - $99,000.00 and 247,500 Finder's Warrants exercisable into common shares at $0.40 per share for a 24 month period. |
|
0851994 B.C. Ltd. (Francis Fernandes) - $24,000.00 and 60,000 Finder's Warrants exercisable into common shares at $0.40 per share for a 24 month period. |
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.
________________________________________
FORT ST. JAMES NICKEL CORP. ("FTJ.H")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Resume Trading
BULLETIN DATE: October 10, 2017
NEX Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange has accepted for filing documentation pursuant to an option agreement (the "Agreement") with Great Atlantic Resources Corp. ("GR") whereby the Company has been granted an option to earn 100% of GR's Porcupine property (the "Property") located in New Brunswick (the "Transaction").
Under the Agreement, the Company may earn-in a 100% interest in the Property by making certain staged cash payments and share payments of common shares in the capital of FTJ to GR over a four year period for as follows: (i) $15,000 in cash and 500,000 common shares within five (5) days of the TSXV approval of the Transaction (the "Approval Date"); (ii) $20,000 in cash and $75,000 in common shares on or before the first anniversary of the Approval Date; (iii) $20,000 in cash and $75,000 in common shares on or before the second anniversary of the Approval Date; (iv) $20,000 in cash and $75,000 in common shares on or before the third anniversary of the Approval Date; and (v) $75,000 in cash and $200,000 in common shares on or before the fourth anniversary of the Approval Date. FTJ will also be required to spend $1,000,000 in exploration expenditures on the Property over a four (4) year period with a minimum of $150,000 each year.
GR will retain a 2.0% new smelter return royalty (the "NSR Royalty") which the Company may buy down one- half (50%) of the NSR Royalty by paying $1,000,000, leaving GR with 1.0%.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press releases dated August 21, 2017 and October 10, 2017.
Resume Trading
Effective at the open of market Wednesday, October 11, 2017 shares of the Company resumed trading, an announcement having been made.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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