TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, June 28, 2018 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: June 28, 2018
Re: Promotional Expenses
TSX Venture Exchange (the "Exchange") is providing guidance in respect of Policy 3.4 – Investor Relations, Promotional and Market-Making Activities ("Policy 3.4") of the Exchange's Corporate Finance Manual. The Exchange uses Bulletins to provide applicants and listed issuers with a better understanding of existing Exchange Requirements.
Policy 3.4 applies broadly, not only to Investor Relations Activities, but also to promotional and market-making activities. Policy 3.4 defines the "promotional role" as communicating with investment dealers, advisers and Shareholders - both current and prospective - to increase awareness of and interest in an Issuer. The Exchange reminds Issuers that Policy 3.4 applies to all promotional, market-making or Investor Relations Activities, including when they are carried out through social media or otherwise online (including but not limited to chat rooms, spam email, artificial intelligence and targeted advertising campaigns).
In particular, Policy 3.4 specifies that arrangements with respect to promotional, market-making and/or Investor Relations Activities by their very nature can reasonably be expected to significantly affect the market price or value of an Issuer's securities. Therefore, they are deemed to be material in Policy 3.3 – Timely Disclosure, which requires their immediate disclosure by way of a news release including the information specified in section 3.1 of Policy 3.4. Further, the direct and indirect compensation permitted for all such activities, which should be on a fee for service basis that is reasonable and in proper proportion to the financial resources and level of business activity of the Issuer, is set out in Part 5 of Policy 3.4 (which limits security-based compensation for such services). The filing requirements are set out in Part 6 of Policy 3.4 (which requires a Personal Information Form from each individual, principal and/or key employee providing the service).
Further, under Policy 4.1 – Private Placements, particularly section 1.9, in relation to private placements, Issuers must issue news releases which include details of the intended principal uses of proceeds. Issuers are specifically reminded that if the intended principal uses of proceeds of a private placement include promotional, market-making or other Investor Relations Activities expenditures in any form, that should be disclosed in their news releases.
Each Issuer is responsible for the activities of, and is expected to supervise and monitor, all of its promotional, market-making and investor relations service providers (including their employees, contractors, sub-contractors and consultants) to ensure that their activities comply with Exchange Requirements and applicable corporate and securities laws.
If you have any questions about this Bulletin, please contact:
Charlotte Bell |
Senior Policy Counsel |
604-643-6577 |
|
Kyle Araki |
Director, Capital Formation (Calgary) |
403-218-2851 |
|
Tim Babcock |
Director, Capital Formation (Toronto) |
416-365-2202 |
|
Andrew Creech |
Director, Capital Formation (Vancouver) |
604-602-6936 |
|
Sylvain Martel |
Director, Capital Formation (Montréal) |
514-788-2408 |
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : 28 juin 2018
Objet : Dépenses promotionnelles
Par le présent avis, la Bourse de croissance TSX (la « Bourse ») vise à fournir certaines lignes directrices à l'égard de la politique 3.4 – Relations avec les investisseurs, activités de promotion et activités de tenue de marché (la « politique 3.4 ») du Guide du financement des sociétés de la Bourse. Les bulletins de la Bourse visent à mieux informer les émetteurs inscrits et les sociétés désireuses d'obtenir ce statut en ce qui concerne les exigences de la Bourse.
La politique 3.4 s'applique globalement et vise non seulement les activités de relations avec les investisseurs, mais également les activités promotionnelles et les activités de tenue de marché. Selon la politique 3.4, le terme « promoteur » renvoie à une personne physique qui s'occupe des communications avec les courtiers en valeurs, les conseillers et les actionnaires, actuels ou éventuels, afin de leur faire mieux connaître l'émetteur et d'accroître l'intérêt qu'ils lui portent. La Bourse rappelle aux émetteurs que la politique 3.4 vise l'ensemble des activités de promotion et des activités de tenue de marché ou de relations avec les investisseurs, y compris lorsque ces activités s'effectuent par la voie des médias sociaux ou de toute autre façon dans Internet (y compris dans les salles de clavardage ou au moyen de pourriels, de techniques reposant sur l'intelligence artificielle et de campagnes publicitaires ciblées).
Plus particulièrement, selon la politique 3.4, il est raisonnable de s'attendre à ce que, en raison de leur nature, les ententes relatives aux activités de promotion, aux activités de tenue de marché ou aux relations avec les investisseurs aient un effet important sur le cours ou la valeur des titres d'un émetteur. Par conséquent, ces ententes sont réputées importantes selon la Politique 3.3 – Information occasionnelle, laquelle stipule que de telles ententes doivent être publiées immédiatement au moyen d'un communiqué faisant état de l'information indiquée à l'article 3.1 de la politique 3.4. Par ailleurs, la rémunération directe ou indirecte permise pour de telles activités, qui doit être constituée d'honoraires versés en contrepartie d'un service et être raisonnable et proportionnelle aux ressources financières et au niveau des activités commerciales de l'émetteur, est précisée à la partie 5 de la politique 3.4 (qui impose des restrictions à la rémunération en titres pour ce genre de service). Les exigences en matière de dépôt sont énoncées à la partie 6 de la politique 3.4 (où est énoncée l'obligation de fournir un Formulaire de renseignements personnels pour chaque personne physique, dirigeant ou employé clé qui fournira les services).
Enfin, aux termes de la politique 4.1 – Placements privés, notamment de l'article 1.9 pour ce qui concerne les placements privés, les émetteurs doivent publier des communiqués précisant les principaux emplois projetés du produit. Les émetteurs sont priés de noter particulièrement qu'ils sont tenus de faire mention dans leurs communiqués des principaux emplois projetés du produit d'un placement privé si celui-ci comprend des dépenses liées à des activités de promotion, de tenue de marché ou de relations avec les investisseurs de quelque forme que ce soit.
Chaque émetteur est responsable des activités de ses fournisseurs de services de promotion, de tenue de marché et de relations avec les investisseurs (y compris leurs employés, entrepreneurs, sous-traitants et consultants) et devrait superviser et surveiller ceux-ci pour s'assurer que leurs activités respectent les exigences de la Bourse ainsi que les lois sur les sociétés et les lois sur les valeurs mobilières applicables.
Pour toute question relative au présent bulletin, veuillez communiquer avec :
Charlotte Bell |
Conseillère juridique principale des politiques |
604 643-6577 |
|
Kyle Araki |
Directeur, Formation de capital (Calgary) |
403 218-2851 |
|
Tim Babcock |
Directeur, Formation de capital (Toronto) |
416 365-2202 |
|
Andrew Creech |
Directeur, Formation de capital (Vancouver) |
604 602-6936 |
|
Sylvain Martel |
Directeur, Formation de capital (Montréal) |
514 788-2408 |
_________________________________________
55 NORTH MINING INC. ("FFF")
[formerly SGX Resources Inc. ("SXR")]
BULLETIN TYPE: Name Change and Consolidation, Remain Suspended
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders June 6, 2018, the Company has consolidated its capital on a 3 old for 1 new basis. The name of the Company has also been changed as follows: 55 North Mining Inc.
Effective at the opening, Tuesday, July 3, 2018, the common shares of 55 North Mining Inc. will commence trading on TSX Venture Exchange, and the common shares of SGX Resources Inc. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
Post - Consolidation |
||
Capitalization: |
Unlimited |
shares with no par value of which |
45,064,723 |
shares are issued and outstanding |
|
Escrow: |
Nil |
|
Transfer Agent: |
TSX Trust Company |
|
Trading Symbol: |
FFF |
(NEW) |
CUSIP Number: |
31680F108 |
(NEW) |
________________________________________
CHIMATA GOLD CORP. ("CAT")
BULLETIN TYPE: Delist
BULLETIN DATE: June 28. 2018
TSX Venture Tier 2 Company
Effective at the close of business on June 29, 2018, the common shares will be delisted from TSX Venture Exchange at the request of the Company.
The Company continues to trade on the Canadian Securities Exchange under the trading symbol "CAT" .
________________________________________
DISTRICT COPPER CORP. ("DCOP")
[formerly Carmax Mining Corp. ("CUX")]
BULLETIN TYPE: Name Change
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders on May 31, 2018, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening July 3, 2018, the common shares of District Copper Corp. will commence trading on TSX Venture Exchange, and the common shares of Carmax Mining Corp. will be delisted. The Company is classified as a 'Mining Exploration/Development' company.
Capitalization: |
Unlimited |
shares with no par value of which |
77,771,266 |
shares are issued and outstanding |
|
Escrow: |
Nil |
|
Transfer Agent: |
Computershare Investor Services Inc. |
|
Trading Symbol: |
DCOP |
(new) |
CUSIP Number: |
25484L105 |
(new) |
________________________________________
PLATFORM 9 CAPITAL CORP. ("PN.P")
BULLETIN TYPE: New Listing-CPC-Shares
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Reference is made to our bulletin dated June 26, 2018, with respect to the listing of the Company's shares.
We have received confirmation that the closing has occurred. Therefore, the common shares of the Company which were listed at the close of business June 27, 2018, commenced trading at the opening of business on Thursday, June 28, 2018.
The Company has completed its public offering of securities prior to the opening of market on June 28, 2018. The gross proceeds received by the Company for the Offering are $335,300 (3,353,000 common shares at $0.10 per share).
________________________________________
ROUGHRIDER EXPLORATION LIMITED ("REL")
BULLETIN TYPE: Consolidation
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Pursuant to a directors' resolution passed on June 6, 2018, the Company has consolidated its capital on a five (5) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening Tuesday, July 3, 2018, the shares of Roughrider Exploration Limited will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Junior Natural Resource Mining' company.
Post - Consolidation |
||
Capitalization: |
unlimited |
shares with no par value of which |
9,416,551 |
shares are issued and outstanding |
|
Escrow |
nil |
shares are subject to escrow |
Transfer Agent: |
Computershare Investor Services Inc. |
|
Trading Symbol: |
REL |
(UNCHANGED) |
CUSIP Number: |
77910P 20 0 |
(new) |
________________________________________
SCHOONER CAPITAL CORP. ("SCH.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 25, 2018, effective at market open on Tuesday, July 3, 2018, shares of the Company will resume trading. The Company completed its public offering of securities on June 27, 2018. The gross proceeds received by the Company for the offering were $235,000 (2,350,000 common shares at $0.10 per share).
________________________________________
TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BETTERU EDUCATION CORP. ("BTRU")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: June 28, 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: |
1,136,425 |
Original Expiry Date of Warrants: |
June 30, 2018 and July 6, 2018 |
New Expiry Date of Warrants: |
June 30, 2019 |
Exercise Price of Warrants: |
$0.80 |
These warrants were issued pursuant to a private placement of 2,272,850 shares with 1,136,425 share purchase warrants attached, which was accepted for filing by the Exchange effective October 4, 2017.
________________________________________
DATAMETREX AI LIMITED ("DM")
BULLETIN TYPE: Halt
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Effective at 11:59 a.m. PST, June 27, 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.
________________________________________
LIBERTY BIOPHARMA INC. ("LTY")
BULLETIN TYPE: Halt
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Effective at 10:21 a.m. PST, June 28, 2018, trading in the shares of the Company was halted at the request of the Company, pending company contact; 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.
________________________________________
MAGNA TERRA MINERALS INC. ("MTT")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation of the Company relating to the disposition of 10,000,000 common shares of Northern Superior Resources Inc. (TSXV:SUP), at a price of $0.04 per share, for gross proceeds of $400,000, to Thorsen Fordyce Merchant Capital Inc., a company related to the President of the Company, Lew Lawrick.
For further information, please refer to the Company's press release dated May 1, 2018.
MINÉRAUX MAGNA TERRA INC. («MTT »)
TYPE DE BULLETIN : Vente d'actif ou convention de vente d'actions
DATE DU BULLETIN : Le 28 juin 2018
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à la vente de 10 000 000 actions ordinaires de Northern Superior Resources Inc. (TSXV:SUP), au prix de 0,04 $ par action, pour un produit total de 400 000 $, à Thorsen Fordyce Merchant Capital Inc., une société liée au président de la Société, Lew Lawrick.
Pour plus d'informations, veuillez vous référer au communiqué de presse de la Société daté du 1 mai 2018.
________________________________________
MASON GRAPHITE INC. ("LLG")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 69,299 common shares at a deemed value of $1.71 per share to settle outstanding debt for $118,500.
Number of Creditors: |
2 Creditors |
For further information, please refer to the Company's news release dated June 12, 2018.
MASON GRAPHITE INC. (« LLG »)
TYPE DE BULLETIN : Émission d'actions en règlement d'une dette
DATE DU BULLETIN : Le 28 juin 2018
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation de la société relativement à l'émission proposée de 69 299 actions ordinaires au prix réputé de 1,71 $ l'action en règlement d'une dette de 118 500 $.
Nombre de créanciers : |
2 créanciers |
La société a annoncé ce règlement de dette en vertu d'un communiqué de presse daté du 12 juin 2018.
________________________________________
NXGOLD LTD. ("NXN")
BULLETIN TYPE: Halt
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Effective at 7:30 a.m. PST, June 28, 2018, trading in the shares of the Company was halted at the request of the Company, pending clarification of 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.
________________________________________
PETROTEQ ENERGY INC. ("PQE")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,992,244 common shares to settle outstanding debt for US$1,175,424.
Number of Creditors: |
1 Creditor |
|||
Insider / Pro Group Participation: |
||||
Insider=Y / |
Amount |
Deemed Price |
||
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
Alex Blyumkin |
Y |
US$1,175,424 |
US$0.59 |
1,992,244 |
For further details, please refer to the Company's news release dated May 23, 2018.
________________________________________
PUMA EXPLORATION INC. ("PUMA")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted to extend the expiry date of the following warrants:
Number of Warrants: |
9,099,665 |
Original Expiry Date of Warrants: |
July 19, 2018 |
New Expiry Date of Warrants: |
December 31, 2018 |
Exercise Price of Warrants: |
$0.10 |
These warrants were issued under a private placement including a total of 9,099,665 shares and 9,099,665 warrants, which was accepted for filing by TSX Venture Exchange, effective on August 2, 2016.
EXPLORATION PUMA INC. (« PUMA »)
TYPE DE BULLETIN: Prolongation des bons de souscription
DATE DU BULLETIN: Le 28 june 2018
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté de prolonger la date d'échéance des bons de souscription suivants :
Nombre de bons : |
9 099 665 |
Date initiale d'échéance des bons : |
Le 19 juillet 2018 |
Nouvelle date d'échéance des bons : |
Le 31 décembre 2018 |
Prix d'exercice des bons : |
0,10 $ |
Ces bons ont été émis en vertu d'un placement privé comprenant 9 099 665 actions et 9 099 665 bons de souscription, tel qu'accepté par Bourse de croissance TSX le 2 août 2016.
________________________________________
SAGE GOLD INC. ("SGX")
BULLETIN TYPE: Halt
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Effective at 5:58 a.m. PST, June 28, 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.
________________________________________
SAGE GOLD INC. ("SGX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Effective at 9:00 a.m., PST, June 28, 2018, shares of the Company resumed trading, an announcement having been made.
________________________________________
SAVILLE RESOURCES INC. ("SRE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement:
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to an agreement dated November 24, 2017 (the "Agreement"), between Saville Resources Inc. ("Saville") and Zimtu Capital Corp. ("Zimtu"). Pursuant to the Agreement, the Company acquired the Covette property, Quebec (the "Property") from Zimtu.
Consideration for the Property is cash of $350,000.
Insider / Pro Group Participation: Mr. Mike Hodge is the President and Director of the Company and he also has an employee relationship with Zimtu. Further, Zimtu is an Insider of the Company via its share holdings.
For additional information please refer to the Company's news releases dated November 27, 2017 and June 26, 2018.
_______________________________________
SECURITY DEVICES INTERNATIONAL INC. ("SDZ")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 334,154 common shares to settle outstanding debt of US$50,000.
Number of Creditors: |
1 Creditor |
|||
Insider / Pro Group Participation: |
||||
Insider=Y / |
Amount |
Deemed Price |
||
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
Paul Jensen |
Y |
US$50,000 |
CDN$0.1950 |
334,154 |
For further information please refer to the Company's news release dated May 31, 2018.
____________________________________
VANSTAR MINING RESOURCES INC. ("VSR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement:
Number of Shares: |
2,500,000 common shares |
Purchase Price: |
$0.08 per common share |
Warrants: |
2,500,000 warrants to purchase 2,500,000 common shares |
Warrants Exercise Price: |
$0.10 per share for a period of 24 months following the closing of the Private Placement |
Number of Placees: |
7 Placees |
Finders' Fees: |
A finder received $13,120 in cash, 82,000 common shares and 82,000 common share purchase warrants at $0.10 for 24 months |
The Company has confirmed the closing of the above-mentioned Private Placement by way of a news release dated June 8, 2018.
RESSOURCES MINIÈRES VANSTAR INC. (« VSR »)
TYPE DE BULLETIN: Placement privé sans l'entremise d'un courtier
DATE DU BULLETIN : Le 28 juin 2018
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation relativement à un placement privé sans l'entremise d'un courtier :
Nombre d'actions : |
2 500 000 actions ordinaires |
Prix : |
0,08 $ par action ordinaire |
Bons de souscription : |
2 500 000 bons de souscription permettant d'acquérir 2 500 000 actions ordinaires |
Prix d'exercice des bons : |
0,10 $ l'action pour une période de 24 mois suivant la clôture du placement privé |
Nombre de souscripteurs : |
7 souscripteurs |
Honoraires d'intermédiation : |
Un intermédiaire a reçu 13 120 $ en espèces, 82 000 actions ordinaires, ainsi que 82 000 bons de souscription en actions ordinaires à 0,10 $ pour 24 mois. |
La société a confirmé la clôture du placement privé ci-avant mentionné par voie d'un communiqué de presse daté du 8 juin 2018.
__________________________________
ZINC ONE RESOURCES INC. ("Z")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 28, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 2, 2018 and June 25, 2018:
Number of Shares: |
22,595,502 shares |
|
Purchase Price: |
$0.24 per share |
|
Warrants: |
11,297,751 share purchase warrants to purchase 11,297,751 shares |
|
Warrant Exercise Price: |
$0.35 for a three year period |
|
Number of Placees: |
83 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
James Walchuck |
Y |
125,000 |
Gunther Roehlig |
Y |
360,000 |
Aggregate Pro Group |
||
Involvement [6 Placee(s)] |
866,666 |
|
Finder's Fee: |
$58,209.84 plus 242,541 warrants payable to Haywood Securities Inc. |
|
$604.80 plus 2,520 warrants payable to Mackie Research Capital Corporation |
||
$2,880.00 payable to Echlon Wealth Partners |
||
$3,600.00 plus 15,000 warrants payable to NBCN Inc. |
||
$9,336.00 plus 38,900 warrants payable to Mezzo Consulting Services S.A. |
________________________________________
NEX COMPANIES
ASB CAPITAL INC. ("ASB.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 28, 2018
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 23, 2018:
Number of Shares: |
12,510,000 shares |
|
Purchase Price: |
$0.05 per share |
|
Warrants: |
None |
|
Number of Placees: |
33 Placees |
|
Insider / Pro Group Participation: |
||
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Aggregate Pro Group |
||
Involvement [13 Placee(s)] |
P |
4,360,000 |
Finder's Fee: |
$2,015.00 cash payable to Haywood Securities Inc. |
|
$715.00 cash payable to Scotia Capital Inc. |
||
$30,940.00 cash payable to Canaccord Genuity Corp |
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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