TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, July 11, 2019 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: July 11, 2019
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on July 10, 2019 against the following company for failing to file the documents indicated within the required time period:
Symbol |
Tier |
Company |
Failure to File |
Period Ending (Y/M/D)
|
AAP |
1 |
ALPHA PEAK LEISURE INC. |
the required record in accordance |
2019/03/31 |
with National Instrument 51-102 |
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Continuous Disclosure Obligations |
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and Form 51-102F1 |
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Management's Discussion & Analysis. |
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements. Members are prohibited from trading in the securities of the companies during the period of the suspension or until further notice.
________________________________________
CANTERRA MINERALS CORPORATION ("CTM")
BULLETIN TYPE: Company Tier Reclassification
BULLETIN DATE: July 11, 2019
TSX Venture Tier 1 Company
In accordance with Policy 2.5, the Company has not maintained the requirements for a Tier 1 company. Therefore, effective Monday, July 15, 2019, the Company's Tier classification will change from Tier 1 to:
Classification
Tier 2
________________________________________
CAPRICE BUSINESS DEVELOPMENT CANADA INC. ("CAPB.P")
BULLETIN TYPE: New Listing-CPC-Shares, HALT
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
This Capital Pool Company's (the Company) Prospectus dated June 7, 2019 has been filed with and accepted by TSX Venture Exchange and the British Columbia, Ontario and Alberta Securities Commissions effective June 10, 2019 pursuant to the provisions of the British Columbia Securities Act and Mulitlateral Instrument 11-102 Passport System in Alberta. 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 $200,000 (2,000,000 common shares at $0.10 per share).
Commence Date: |
At the market open July 15, 2019 the Common shares will be listed and immediately halted on TSX Venture Exchange. |
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The closing of the public offering is scheduled to occur on July 15, 2019. A further notice will be issued upon receipt of closing confirmation and the trading halt will be lifted. |
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Corporate Jurisdiction: |
British Columbia |
|
Capitalization: |
unlimited |
common shares with no par value of which |
5,500,000 |
common shares will be issued and outstanding at the closing of the offering |
|
Escrowed Shares: |
3,500,000 |
common shares will be subject to escrow at the closing of the offering |
Transfer Agent: |
Odyssey Trust Company |
|
Trading Symbol: |
CAPB.P |
|
CUSIP Number: |
14070W105 |
|
Agent: |
Haywood Securities Inc. |
|
Agent's Warrants: |
200,000 non-transferable warrants. One warrant entitles the holder to purchase one common share of the Company at $0.10 per share for a period of 24 months from listing date. |
|
For further information, please refer to the Company's Prospectus dated June 7, 2019 |
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Company Contact: |
Derek Lew |
|
Company Address: |
2080-1055 W. Georgia St. Vancouver, BC V6E 3R5 |
|
Company Phone Number: |
604-633-1418 |
|
Company Email Address: |
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________________________________________
CORNERSTONE CAPITAL RESOURCES INC. ("CGP")
BULLETIN TYPE: Consolidation
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders on June 25, 2019, the Company has consolidated its capital on a twenty (20) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening Monday, July 15, 2019, the common shares of Cornerstone Capital Resources Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'junior natural resource - mining' company.
Post - Consolidation |
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Capitalization: |
unlimited |
shares with no par value of which |
31,992,071 |
shares are issued and outstanding |
|
Escrow |
nil |
shares are subject to escrow |
Transfer Agent: |
Computershare Trust Company of Canada |
|
Trading Symbol: |
CGP |
(UNCHANGED) |
CUSIP Number: |
21922J 60 4 |
(new) |
________________________________________
19/07/11 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
AURION RESOURCES LTD. ("AU")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
Effective at 12:15 p.m. PST, July 10, 2019, shares of the Company resumed trading, an announcement having been made.
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BLACKROCK GOLD CORP. ("BRC")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Inc. (the "Exchange") bulletin dated March 21, 2018, the Exchange has accepted for filing documentation in connection with an amending agreement between Blackrock Gold Corp. ("Blackrock") and Pescio Exploration LLC ("Pescio") dated June 1, 2019 (the "Amending Agreement") which amends a mining lease agreement (the "Lease Agreement") dated October 27, 2017 between Blackrock and Pescio with respect to 552 unpatented lode mining claims situated in Elko, Nevada, and known as the Silver Cloud Project (the "Property").
The Amending Agreement provides for the following amendments to the Lease Agreement:
1. |
Blackrock has negotiated a Buyout Option to purchase 100% ownership in the Silver Cloud Project subject to a 3.5% production royalty in favor of Pescio. Pescio has granted to Blackrock the sole and exclusive option to purchase and own 100% of the Silver Cloud Property which option may be exercised at any time provided the Amending Agreement is in good standing. The option exercise price is three million five hundred thousand dollars ($3,500,000.USD) if the option is exercised on or before October 27, 2023 and five million ($5,000,000USD) if the option is exercised after October 27, 2023. If the option is exercised before the Minimum Drilling Commitment has been satisfied, Blackrock remains obligated to perform such minimum drilling or pay to Pescio a non-drilling penalty of US$50 per foot of undrilled footage. |
2. |
The payment schedule table contained in the original agreement is replaced with the following: |
Date |
Original Payment |
Revised Payment |
2nd Anniversary of Effective Date (October 27, 2019) |
US$100,000 |
US$75,000 |
3rd Anniversary of Effective Date (October 27, 2020) |
US$150,000 |
US$100,000 |
4th Anniversary of Effective Date (October 27, 2021) |
US$200,000 |
US$150,000 |
5th Anniversary of Effective Date (October 27, 2022) |
US$250,000 |
US$200,000 |
6th Anniversary of Effective Date (October 27, 2023) |
US$500,000 |
US$500,000 |
7th Anniversary of Effective Date (October 27, 2024) |
US$750,000 |
US$750,000 |
8th Anniversary of Effective Date (October 27, 2025) |
US$1,500,000 |
US$1,500,000 |
(and all subsequent anniversaries the Lease Agreement is in effect) |
US$1,500,000 |
US$1,500,000 |
3. |
The time period to conduct the "Minimum Drilling Commitment" has been modified, where Blackrock is now to perform a total of a minimum 25,000 feet of drilling on the property by October 27, 2022. Minimum drilling threshold must be achieved otherwise Blackrock is subject to a non-drilling penalty amounting to $50 per foot of undrilled footage. |
4. |
The work/drilling commitment is now revised as per the table below |
Lease Year |
Minimum Feet Drilled |
Sixth |
10,000' |
Seventh |
20,000' |
Eighth |
20,000' |
Ninth |
20,000' |
(and each subsequent Lease Year) |
|
5. |
Royalty Percentage Subject to Buy-Down. The Royalty Percentage of 3.5% as a whole, is made subject to a buy-down option (the "Royalty Buy-Down") representing one percent (1%) of the gross value in favor of Blackrock or any assignee thereof for a total sum of three million dollars ($3,000,000) cash exercisable by Blackrock, in its sole discretion, at any time within five (5) years of the Effective Date. |
6. |
The cash minimum payments will not be credited cumulatively against Blackrock's royalty payment obligations. |
Insider / Pro Group Participation: Nil.
For Further information, see Blackrock's news release dated June 3, 2019 which is available under Blackrock's profile on SEDAR.
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BLOCKCHAINK2 CORP. ("BITK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Series Seed Preferred Stock Purchase Agreement dated January 11, 2019 between BlockchainK2 Corp. (the "Company") and Envexergy Inc. whereby the Company acquires 185,625 Series Seed Preferred stock. Consideration is US$499,999.50.
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CORDOBA MINERALS CORP. ("CDB.WT")
BULLETIN TYPE: Halt
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
Effective at 9:00 a.m. PST, July 11, 2019, trading in the shares of the Company was halted
pending delisting, this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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DESERT LION ENERGY INC. ("DLI")
BULLETIN TYPE: Halt
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
Effective at 5:07 a.m. PST, July 11, 2019, trading in the shares of the Company was halted at the request of the Company, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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JAEGER RESOURCES CORP. ("JAEG")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Amending Agreement dated May 15, 2019 between Jaeger Resources Corp. (the "Company") and Stratabound Minerals Corp. (the "Vendor") extending the term of the Agreement during which time cumulative work expenditures of $500,000 must be spent by February 22, 2023. Further, any grants received by the Vendor under the New Brunswick junior mining assistance program will be transferred to the Company within 10 days of the Company providing invoices matching the amount of the grant deposit or grant balance. Consideration is 1,600,000 common shares.
For more information, please refer to the Company's news release dated June 3, 2019.
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LE MARE GOLD CORP. ("LMGC")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated July 08, 2019, trading in the shares of the Company will remain halted
This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
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MACARTHUR MINERALS LIMITED ("MMS")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: July 11, 2019
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 19, 2019:
Convertible Debenture |
US$6,000,000 (600 notes with a face value of US$10,000 each) |
Conversion Price: |
Convertible into 78,600,000 common shares at C$0.10 and 19,650,000 common share purchase. |
Maturity date: |
36 months from Advance Date |
Warrants |
Each warrant will have a term of three years and entitle the holder to purchase one common share at the greater of C$0.10 or the average VWAP over 5 trading days immediately preceding the Advance Date for each of the three years |
Interest rate: |
12.5 % |
Number of Placees: |
5 placees |
Finder's Fee: |
Capstan Capital Partners LLP will receive a fee of US$300,000.00. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated July 10, 2019 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.
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NATUREBANK ASSET MANAGEMENT INC. ("COO")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 9,121,603 shares to settle outstanding debt for $912,160.
Number of Creditors: |
1 Creditor |
Insider / Pro Group Participation: |
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Insider=Y / |
Amount |
Deemed Price |
||
Creditor |
Progroup=P |
Owing |
per Share |
# of Shares |
Ledcor Environmental |
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Group Ltd. |
Y |
$912,160 |
$0.10 |
9,121,603 |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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PROVIDENCE GOLD MINES INC. ("PHD")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 200,000 shares at a deemed price of $0.12 per share to settle outstanding debt for $24,000.
Number of Creditors: |
1 Creditor |
The Company shall issue a news release when the shares are issued and the debt extinguished.
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SILVER ONE RESOURCES INC. ("SVE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 3, 2019 and July 8, 2019:
Number of Shares: |
39,808,000 shares |
Purchase Price: |
$0.125 per share |
Warrants: |
19,904,000 share purchase warrants to purchase 19,904,000 shares |
Warrant Exercise Price: |
$0.20 for a three year period |
Number of Placees: |
59 placees |
Insider / Pro Group Participation: |
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Insider=Y / |
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Name |
ProGroup=P |
# of Shares |
Barry Girling |
Y |
40,000 |
Greg Crowe |
Y |
40,000 |
Aggregate Pro Group Involvement |
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[ 2 placee(s)] |
350,000 |
|
Finder's Fee: |
216,000 shares and 216,000 warrants to Anders Nerell |
$4,425 and 35,400 warrants to Sascha Opel |
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$11,025 and 88,200 warrants to Canaccord Genuity Corp. |
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$10,725 and 85,800 warrants to Haywood Securities Inc. |
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$375 and 3,000 warrants to PI Financial Corp. |
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$13,365 and 106,920 warrants to Gerhard Merkel |
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$7,500 and 60,000 warrants to Discovery Advisory Company |
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Finders' warrants are exercisable at $0.20 for two years. |
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TERRACO GOLD CORP. ("TEN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 20, 2019 and July 8, 2019:
FIRST TRANCHE |
|
Number of Shares: |
36,286,021 shares |
Purchase Price: |
$0.13 per share |
Number of Placees: |
2 placees |
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VOYAGEUR MINERALS LTD. ("VM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 11, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 26, 2019:
Number of Shares: |
3,208,687 common share units ("Units") |
Each Unit consists of one share and one warrant |
|
Purchase Price: |
$0.075 per Unit |
Warrants: |
3,208,687 share purchase warrants to purchase 3,208,687 shares |
Warrant Exercise Price: |
$0.15 for up to two years from closing |
Number of Placees: |
6 placees |
Insider / Pro Group Participation: |
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Insider=Y / |
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Name |
ProGroup=P |
Number of Units |
Charles Littlejohn |
Y |
990,021 |
Finder's Fee: |
$16,639.99 cash and 221,867 warrants ("Finder Warrants") payable to Leede Jones Gable Inc. |
Each Finder Warrant is exercisable for one common share at a price of $0.15 until May 6, 2021. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated May 8, 2019 announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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