TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, June 25, 2018 /CNW/ -
TSX VENTURE COMPANIES
SCHOONER CAPITAL CORP. ("SCH.P")
BULLETIN TYPE: New Listing-CPC-Shares; Halt
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
This Capital Pool Company's ('CPC') Prospectus dated June 11, 2018 has been filed with and accepted by TSX Venture Exchange and the Ontario Securities Commission effective June 13, 2018, pursuant to the provisions of the Ontario Securities Act. The Common Shares of the Company will be listed on TSX Venture Exchange on the effective date stated below.
The Company intends to complete its initial distribution of securities to the public. The gross proceeds to be received by the Company for the Offering will be $235,000 (2,350,000 common shares at $0.10 per share).
| Commence Date: |
At the opening Wednesday, June 27, 2018, the Common shares will be listed and immediately halted on TSX Venture Exchange. |
| The closing of the public offering is scheduled to occur on Wednesday, June 27, 2018. A further notice will be issued upon receipt of closing confirmation and the trading halt will be lifted. |
|
| Corporate Jurisdiction: |
British Columbia |
| Capitalization: |
unlimited common shares with no par value of which |
| 4,750,000 common shares are issued and outstanding (after completion of the Offering) |
|
| Escrowed Shares: |
2,400,000 common shares are subject to escrow |
| Transfer Agent: |
Computershare Investor Services Inc. |
| Trading Symbol: |
SCH.P |
| CUSIP Number: |
80803M102 |
| Agent: |
PI Financial Corp. |
| Agent's Options: |
235,000 non-transferable options. One option to purchase one share at $0.10 per share up to two years. |
| For further information, please refer to the Company's Prospectus dated June 11, 2018. |
|
| Company Contact: |
Adam Spencer |
| Company Address: |
#110, 8 King Street East, Toronto, Ontario, M5C 1B5 |
| Company Phone Number: |
416-804-9032 |
| Company Email Address: |
|
________________________________________
SOLUTION FINANCIAL INC. ("SFI")
[formerly SHELBY VENTURES INC. ("SLY.H")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private Placement-Brokered, Private Placement-Non-Brokered, Graduation from NEX to TSX Venture, Name Change and Consolidation
BULLETIN DATE: June 25, 2018
NEX Company
TSX Venture Exchange (the "Exchange") has accepted for filing Shelby Ventures Inc. (the "Company" - now Solution Financial Inc.) Qualifying Transaction (the "QT") and related transactions, all as principally described in the Company's filing statement dated June 15, 2018 (the "Filing Statement"). The QT includes the following matters, all of which have been accepted by the Exchange.
Qualifying Transaction-Completed/New Symbol:
Pursuant to a share exchange agreement dated October 6, 2017 (the "Agreement") among the Company and Solution Financial Inc. ("Solution"), a private company incorporated under the BCBCA, the Company will acquire 100% of the issued and outstanding shares of Solution.
Pursuant to the Agreement, the Company will issue 52,000,000 common shares to shareholder of Solution.
For additional information please refer to the Filing Statement dated June 15, 2018, available under the Company's profile on SEDAR as well as the Company's news release dated June 22, 2018.
Private Placement-Brokered, Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered and Non-Brokered Private Placement announced October 24, 2017:
| Number of Shares: |
14,979,000 post-consolidated shares (of which 13,610,000 converted from Subscription Receipts) |
|
| Purchase Price: |
$0.25 per post-consolidated share |
|
| Warrants: |
7,489,500 share purchase warrants to purchase 7,489,500 post-consolidated shares |
|
| Warrant Exercise Price: |
$0.40 for an 18-month period |
|
| Number of Placees: |
37 Placees (Brokered) |
|
| 8 Placees (Non-Brokered) |
||
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Michael Wing Keung Chan |
Y |
600,000 |
| Vincent Ka Ho Lau |
Y |
1,200,000 |
| Desmond Balakrishnan |
Y |
200,000 |
| Sean Hodgins |
Y |
200,000 |
| Kerry Meier |
Y |
400,000 |
| Aggregate Pro Group |
||
| Involvement [7 Placees] |
P |
510,000 |
| Agent's Fee: |
Industrial Alliance Securities Inc. (Lead Agent) - $75,225.00 (which includes a Corporate Finance Fee of $40,000.00) and 60,900 Agent's Compensation Options exercisable into a unit at $0.25 per unit for an 18 month period. The units have the same terms as the offering. |
|
| Echelon Wealth Partners Inc. - $6,300.00 and 25,200 Agent's Compensation Options exercisable into a unit at $0.25 per unit for an 18 month period. The units have the same terms as the offering. |
||
| PI Financial Corp. - $56,400.00 and 225,600 Agent's Compensation Options exercisable into a unit at $0.25 per unit for an 18 month period. The units have the same terms as the offering. |
||
| Leede Jones Gable Inc. - $8,250.00 and 33,000 Agent's Compensation Options exercisable into a unit at $0.25 per unit for an 18 month period. The units have the same terms as the offering. |
||
| Canaccord Genuity Corp. - $12.500.00 and 48,000 Agent's Compensation Options exercisable into a unit at $0.25 per unit for an 18 month period. The units have the same terms as the offering. |
Graduation from NEX to TSX Venture, Name Change and Consolidation:
In conjunction with the above, the Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Wednesday, June 27, 2018, 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.
Pursuant to a Directors' Resolution dated February 23, 2018, the Company has consolidated its capital on a 2.4510 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening Wednesday, June 27, 2018, the common shares of Solution Financial Inc. will commence trading on TSX Venture Exchange, and the common shares of Shelby Ventures Inc. will be delisted. The Company is classified as an 'Industrial' company.
| Post - Consolidation |
||
| Capitalization: |
Unlimited |
shares with no par value of which |
| 78,979,031 |
shares are issued and outstanding |
|
| Escrow: |
54,081,599 |
shares subject to Tier 2 Surplus Escrow |
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
SFI |
(new) |
| CUSIP Number: |
83439G 20 0 |
(new) |
_______________________________________
TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
ADL VENTURES INC. ("AVI.P")
BULLETIN TYPE: Halt
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST, June 25, 2018, trading in the shares of the Company was halted at the request of the Company, pending closing; 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.
________________________________________
ALDERSHOT RESOURCES LTD. ("ALZ")
BULLETIN TYPE: Halt
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
Effective at 5:06 a.m. PST, June 25, 2018, trading in the shares of the Company was halted at the request of the Company, pending clarification of company affairs; 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.
________________________________________
ALDERSHOT RESOURCES LTD. ("ALZ")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
Effective at 5:30 a.m., PST, June 25, 2018, shares of the Company resumed trading, an announcement having been made.
________________________________________
AURA SILVER RESOURCES INC. ("AUU")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension of the expiry date of the following warrants:
| Private Placement: |
|
| # of Warrants: |
3,500,000 |
| Original Expiry Date of Warrants: |
July 9, 2018 |
| New Expiry Date of Warrants: |
July 9, 2020 |
| Exercise Price of Warrants: |
$0.05 |
These warrants were issued pursuant to a private placement of 11,150,000 shares with 11,150,000 share purchase warrants attached, which was accepted for filing by the Exchange effective July 10, 2015.
________________________________________
CEYLON GRAPHITE CORP. ("CYL")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 16, 2018:
| Convertible Debenture: |
$2,000,000 |
|
| Conversion Price: |
Convertible into units consisting of 8,000,000 common share and 4,000,000 common share purchase warrant at $0.25 of principal outstanding |
|
| Maturity date: |
May 23, 2021 |
|
| Warrants |
Each warrant will have a term of three 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 $0.25 for three years |
|
| Interest rate: |
6% per annum |
|
| Number of Placees: |
9 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Jacob Securities Holdings Inc. |
||
| (Sasha Jacob) |
Y |
4,000,000 |
| Finder's Fee: |
$67,500 cash payable to Echelon Wealth Partners Inc. |
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.
________________________________________
CHATHAM ROCK PHOSPHATE LIMITED ("NZP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 3, 2018:
| Number of Shares: |
2,345,771 shares |
| Purchase Price: |
$0.25 per share |
| Warrants: |
1,172,885 share purchase warrants to purchase 1,172,885 shares |
| Warrant Exercise Price: |
$0.45 for a two year period |
| Number of Placees: |
11 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. 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.
________________________________________
CVR MEDICAL CORP. ("CVM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 16, 2018:
| Second Tranche: |
|
| Number of Shares: |
1,710,395 shares |
| Purchase Price: |
$0.40 per share |
| Warrants: |
855,198 share purchase warrants to purchase 855,198 shares |
| Warrant Exercise Price: |
$0.70 for a one year period |
| Number of Placees: |
1 Placee |
| Finder's Fee: |
$27,414.72 cash and 68,537 warrants payable to Investec Wealth & Investment Limited |
| 34,268 warrants payable to Think-Equity |
|
| Finder's fee warrants are exercisable at $0.70 per share for one year. |
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.
________________________________________
DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the definitive Asset Purchase and Sale Agreement dated June 13, 2018 between Defiance Silver Corp. (the "Company") and MAG Silver Corp. ("MAG"), whereby the Company will acquire 14 mineral claims in Mexico referred to as the Lagartos Project and all digital data, hard copy data and physical drill core associated with the Project. In consideration, the Company will pay US$7,000 and issue 5,000,000 common shares to MAG.
________________________________________
LITHIUM ENERGI EXPLORATION INC. ("LEXI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 23, 2018:
| Number of Shares: |
716,302 shares |
| Purchase Price: |
$0.4956 per share |
| Warrants: |
286,520 share purchase warrants to purchase 286,520 shares |
| Warrant Exercise Price: |
$0.7125 for a three year period |
| Number of Placees: |
2 Placees |
________________________________________
MAYA GOLD & SILVER INC. ("MYA")
BULLETIN TYPE: Halt
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
Effective at 5:48 a.m. PST, June 25, 2018, 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.
________________________________________
NEW ENERGY METALS CORP ("ENRG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation related to four (4) Assignment of Unilateral Option Agreement to Purchase Mining Claims, between New Energy Metals Corp (the "Company")'s wholly owned Chilean subsidiary, New Energy Metals SpA, and:
- Artemis Mining SpA dated Aril 4, 2018, whereby the Company will assume an option agreement to acquire a 100% interest in the Onix Uno Cobalt Project, Chile.
- Inversion Las Bandurrias SpA dated March 8, 2018, whereby the Company will assume an option agreement to acquire a 100% interest in the Consuelo Cobalt Project, Chile.
- Inversion Las Bandurrias SpA dated March 8, 2018, whereby the Company will assume an option agreement to acquire a 100% interest in the Amelia Cobalt Project, Chile.
- Inversion Las Bandurrias SpA dated March 6, 2018, whereby the Company will assume an option agreement to acquire a 100% interest in the Codiciada Cobalt Project, Chile
In consideration of the above transactions, the company can earn a 100% in the projects th
| Onix Uno Cobalt Project |
||
| On signing: |
US$300,000, |
250,000 shares. |
| 6 months: |
US$300,000, |
250,000 shares. |
| 12 months: |
US$400,000, |
300,000 shares. |
| 24 months: |
US$400,000, |
300,000 shares. |
| TOTAL: |
US$1.4Million, |
1.1Million shares |
| Codiciada Cobalt Project |
||
| On signing |
US$ 100,000, |
150,000 shares |
| 6 months: |
US$ 100,000, |
150,000 shares |
| TOTAL: |
US$ 200,000, |
300,000 shares |
| Consuelo 1-5 and Amelia 1/2 Cobalt Projects |
||
| On signing: |
US$200,000 |
200,000 shares |
| 6 months: |
US$200,000 |
200,000 shares |
| 12 months: |
US$300,000 |
300,000 shares |
| 24 months: |
US$300,000 |
300,000 shares |
| TOTAL: |
US$1Million, |
1Million shares |
Upon completion of the option payments, the Company will be deemed to have exercised the options and will have earned an undivided 100% legal and beneficial interest in and to the Projects. The Projects are not subject to underlying royalties.
Further information on the transaction is available on the company's SEDAR profile in News releases dated April 11, 2018 and June 4, 2018.
________________________________________
PETROTEQ ENERGY INC. ("PQE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 22, 2018:
| Number of Shares: |
6,764,740 shares |
| Purchase Price: |
US$0.60, US$0.61, US$0.62 and US$0.69 per share |
| Warrants: |
6,329,080 share purchase warrants to purchase 6,329,080 shares |
| Warrant Exercise Price: |
US$0.91 for a three year period (6,000,000 warrants) |
| US$1.50 for a two year period (329,080 warrants) |
|
| Number of Placees: |
7 Placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a new 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.
___________________________________
POWER METALS CORP. ("PWM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 22, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement:
| Number of Shares: |
6,900,000 shares |
| Purchase Price: |
$0.50 per share |
| Warrants: |
6,900,000 share purchase warrants to purchase 6,900,000 shares |
| Warrant Exercise Price: |
$0.70 for a two year period |
| Number of Placees: |
10 Placees |
| Aggregate Pro Group |
|
| Involvement [1 placee(s)] |
33,000 |
| Finder's Fee: |
$207,000 plus 414,000 warrants to acquire 414,000 units @$0.50 per unit with warrant exercisable at $0.70 per share for two years, is payable to Eight Capital |
________________________________________
TRAKOPOLIS IOT CORP. ("TRAK")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 25, 2018
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 21, 2018:
| Convertible Debenture: |
1,100 convertible debenture units ("Units") |
| Each Unit consists of 55.556 common shares and $1,000 principal amount of debentures |
|
| Conversion Price: |
Convertible into common shares at a $0.90 conversion price per share |
| Maturity date: |
September 30, 2020 |
| Warrants: |
None |
| Interest rate: |
8% |
| Number of Placees: |
2 placees |
| Insider / Pro Group Participation: |
None |
| Finder's Fee: |
None |
________________________________________
XANDER RESOURCES INC. ("XND")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 25, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 454,545 shares to settle outstanding debt of $50,000.
| Number of Creditors: |
2 Creditors |
|||
| Insider / Pro Group Participation: |
||||
| Insider=Y / |
Amount |
Deemed Price |
||
| Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
| Bryce Clark |
Y |
$30,000 |
$0.11 |
272,727 |
| Zahara Kanji-Aquino |
Y |
$20,000 |
" |
181,818 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
NEX COMPANIES
CARACARA SILVER INC. ("SILV.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 25, 2018
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 30, 2018:
| Number of Shares: |
16,213,333 shares |
|
| Purchase Price: |
$0.075 per share |
|
| Warrants: |
16,213,333 share purchase warrants to purchase 16,213,333 shares |
|
| Warrant Exercise Price: |
$0.15 for a one year period |
|
| Number of Placees: |
47 Placees |
|
| Insider / Pro Group Participation: |
||
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Steven Coates |
Y |
426,452 |
| Aggregate Pro Group |
||
| Involvement [10 Placee(s)] |
P |
2,491,000 |
| Finder's Fee: |
$17,518.20 cash and 233,576 broker units payable to Paradigm Shift Investments Ltd. |
|
| $10,062.50 cash and 134,167 broker units payable to Canaccord Genuity Corp. |
||
| $6,300 cash and 84,000 broker units payable to PI Financial Inc. |
||
| Each broker unit will entitle the holder to purchase one unit of the company at a price of $0.10 per unit. Each unit is comprised of one common share and one warrant, with each warrant providing the acquisition of an additional common share at $0.15 for a period of 6 months. |
________________________________________
NEVADO RESOURCES CORPORATION ("VDO.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 25, 2018
NEX Company
Effective at 5:00 a.m., PST, June 25, 2018, 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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