TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, BC, Dec. 17, 2020 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: December 17, 2020
Re: Form 3D1 – Information Required in an Information Circular for a Reverse Takeover or Change of Business / Form 3D2 – Information Required in a Filing Statement for a Reverse Takeover or Change of Business
TSX Venture Exchange (the "Exchange") is providing guidance in respect of Form 3D1 – Information Required in an Information Circular for a Reverse Takeover or Change of Business / Form 3D2 – Information Required in a Filing Statement for a Reverse Takeover or Change of Business ("Form 3D1/3D2"). The Exchange uses Bulletins to provide applicants and listed Issuers with a better understanding of Exchange Requirements. Capitalized terms not specifically defined in this Bulletin have the meanings ascribed to them in the Exchange's Corporate Finance Manual.
Form 3D1/3D2 sets out the disclosure required in connection with an Issuer undertaking either a Reverse Takeover ("RTO") or a Change of Business ("COB"). In particular, Items 45, 46, 47, 48 and 49 of Form 3D1/3D2 set out the required financial statements. The Exchange recently announced changes to its Capital Pool Company program that will become effective on January 1, 2021, including amendments to Form 3B1 – Information Required in an Information Circular for a Qualifying Transaction / Form 3B2 – Information Required in a Filing Statement for a Qualifying Transaction ("Form 3B1/3B2"). To be consistent with the upcoming changes to Form 3B1/3B2, the Exchange advises that after January 1, 2021, Item 47.2 of Form 3D1/3D2 which currently states:
47.2 Interim Financial Statements of the Target Company – Subject to paragraph (2) of Item 47.3, a filing statement/information circular must include the following interim financial statements of the Target Company:
1. |
Statements of income, retained earnings and cash flows for the most recently completed interim period that ended more than 60 days before the date of the filing statement/information circular and for the comparable period in the immediately preceding financial year. |
2. |
A balance sheet as at the last day of the most recently completed interim period referred to in paragraph 1. |
should be read as follows:
47.2 Interim Financial Statements of the Target Company – Subject to paragraph (2) of Item 47.3, a filing statement/information circular must include the following interim financial statements of the Target Company:
1. |
Statements of income, retained earnings and cash flows for the most recently completed interim period that ended more than 45 days before the date of the filing statement/information circular and for the comparable period in the immediately preceding financial year. |
2. |
A balance sheet as at the last day of the most recently completed interim period referred to in paragraph 1. |
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 |
Managing Director, Capital Formation |
416-365-2202 |
|
Andrew Creech |
Director, Capital Formation (Vancouver) |
604-602-6936 |
|
Sylvain Martel |
Director, Capital Formation (Montréal and Toronto) |
514-788-2408 |
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : 17 décembre 2020
Objet : Formulaire 3D1 – Information à fournir dans une circulaire de sollicitation de procurations relative à une prise de contrôle inversée ou à un changement dans les activités / formulaire 3D2 – Information à fournir dans une déclaration de changement à l'inscription relative à une prise de contrôle inversée ou à un changement dans les activités
La Bourse de croissance TSX (la « Bourse ») fournit des indications à l'égard du formulaire 3D1 – Information à fournir dans une circulaire de sollicitation de procurations relative à une prise de contrôle inversée ou à un changement dans les activités / formulaire 3D2 – Information à fournir dans une déclaration de changement à l'inscription relative à une prise de contrôle inversée ou à un changement dans les activités (le « formulaire 3D1/3D2 »). 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. Sauf définition contraire dans le présent bulletin, les termes clés utilisés aux présentes ont le sens qui leur est attribué dans le Guide du financement des sociétés de la Bourse.
Le formulaire 3D1/3D2 établit l'information devant être communiquée lorsqu'un émetteur réalise une prise de contrôle inversée ou un changement dans ses activités. En particulier, les rubriques 45, 46, 47, 48 et 49 du formulaire 3D1/3D2 traitent des états financiers exigés. La Bourse a récemment annoncé des changements à son programme des sociétés de capital de démarrage qui entreront en vigueur le 1er janvier 2021, dont des changements apportés au Formulaire 3B1 – Information à fournir dans une circulaire de sollicitation de procurations relative à une opération admissible / Formulaire 3B2 – Information à fournir dans une déclaration de changement à l'inscription relative à une opération admissible (le « formulaire 3B1/3B2 »). Par souci de cohérence avec les changements qui seront apportés au formulaire 3B1/3B2, la Bourse tient à préciser qu'après le 1er janvier 2021, la rubrique 47.2 du formulaire 3D1/3D2, dont le libellé actuel est le suivant :
47.2 États financiers intermédiaires de la société visée – Sous réserve du paragraphe 2 de la rubrique 47.3, une déclaration de changement à l'inscription/circulaire de sollicitation de procurations doit comprendre les états financiers intermédiaires suivants de la société visée :
1. |
l'état des résultats, des bénéfices non répartis et des flux de trésorerie pour la dernière période intermédiaire dont la clôture a eu lieu plus de 60 jours avant la date de la déclaration de changement à l'inscription/circulaire de sollicitation de procurations et pour la période correspondante de l'exercice précédent |
2. |
son bilan, à la clôture de la dernière période intermédiaire dont il est question au paragraphe 1. |
deviendra comme suit :
47.2 États financiers intermédiaires de la société visée – Sous réserve du paragraphe 2 de la rubrique 47.3, une déclaration de changement à l'inscription/circulaire de sollicitation de procurations doit comprendre les états financiers intermédiaires suivants de la société visée :
1. |
l'état des résultats, des bénéfices non répartis et des flux de trésorerie pour la dernière période intermédiaire dont la clôture a eu lieu plus de 45 jours avant la date de la déclaration de changement à l'inscription/circulaire de sollicitation de procurations et pour la période correspondante de l'exercice précédent |
2. |
son bilan, à la clôture de la dernière période intermédiaire dont il est question au paragraphe 1. |
Pour toute question relative au présent bulletin, veuillez communiquer avec :
Charlotte Bell |
Conseillère juridique principale en matière de politiques |
604 643-6577 |
|
Kyle Araki |
Directeur, Formation de capital (Calgary) |
403 218-2851 |
|
Tim Babcock |
Directeur général, Formation de capital |
416 365-2202 |
|
Andrew Creech |
Directeur, Formation de capital (Vancouver) |
604 602-6936 |
|
Sylvain Martel |
Directeur, Formation de capital (Montréal et Toronto) |
514 788-2408 |
_________________________________________
AVRUPA MINERALS LTD. ("AVU")
BULLETIN TYPE: Consolidation
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders December 14, 2020, the Company has consolidated its capital on a 4 old for 1 new basis. The name of the Company has not been changed.
Effective at the opening December 21, 2020, the common shares of Avrupa Minerals Ltd. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration/Development' company.
Post - Consolidation |
||
Capitalization: |
Unlimited |
shares with no par value of which |
32,738,091 |
shares are issued and outstanding |
|
Escrow |
Nil |
|
shares are subject to escrow |
||
Transfer Agent: |
TSX Trust Company |
|
Trading Symbol: |
AVU |
(UNCHANGED) |
CUSIP Number: |
05453A207 |
(new) |
________________________________________
CENTRAL IRON ORE LIMITED ("CIO")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Further to the Exchange bulletin dated December 15, 2020; effective at the open on Monday, December 21, 2020 the shares of the Company will resume trading.
________________________________________
NEPTUNE DIGITAL ASSETS CORP. ("DASH")
[formerly Neptune Dash Technologies Corp. ("DASH")]
BULLETIN TYPE: Name Change
BULLETIN DATE: December 17, 2020
TSX Venture Tier 1 Company
Pursuant to a resolution passed by directors November 30, 2020, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Monday December 21, 2020, the common shares of Neptune Digital Assets Corp. will commence trading on TSX Venture Exchange and the common shares of Neptune Dash Technologies Corp. will be delisted. The Company is classified as a 'Software Technology' company.
Capitalization: |
Unlimited |
shares with no par value of which |
89,172,749 |
shares are issued and outstanding |
|
Escrow: |
nil |
shares |
Transfer Agent: |
TSX Trust Company |
|
Trading Symbol: |
DASH |
(Unchanged) |
CUSIP Number: |
64073L101 |
(new) |
________________________________________
PRAIRIE STORM RESOURCES CORP. ("PSEC")
[formerly Quendale Capital Corp. ("QOC.P")]
BULLETIN TYPE: Reinstated for Trading, Qualifying Transaction-Completed/New Symbol,
Name Change
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 9, 2020, the Company has now completed a Qualifying Transaction.
Reinstated for Trading
Effective at the opening, Monday, December 21, 2020, trading will be reinstated in the securities of Prairie Storm Resources Corp. on the TSX Venture Exchange under the symbol "PSEC".
Qualifying Transaction-Completed/New Symbol
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated November 29, 2020. As a result, at the opening on Monday, December 21, 2020, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
The Qualifying Transaction involves the arm's length three-cornered amalgamation of Prairie Storm Energy Corp. in consideration of 143,750,037 shares at a deemed price of $0.15 per share.
41,510,289 shares issued to Principals pursuant to the Qualifying Transaction will be subject to a Tier 2 Value Security Escrow Agreement to be released over a 36-month period and 2,010,000 shares are subject to a CPC Escrow Agreement to be released over a 36-month period.
Insider / Pro Group Participation: |
||
Name |
Insider=Y / ProGroup=P |
# of Shares |
1252841 BC Ltd. (Magdalena Slazar) |
Y |
18,281,485 |
Hugh G. Ross |
Y |
12,772,396 |
Bruce Waterman |
Y |
12,772,396 |
Julian Din |
Y |
4,470,334 |
Ketan Panchmatia |
Y |
3,831,721 |
Greg Groten |
Y |
3,831,721 |
Roderick Keith MacLeod |
Y |
3,193,097 |
Michael Schmidt |
Y |
638,624 |
In addition, the Exchange has accepted for filing the following:
Name Change
Pursuant to a resolution passed by directors' resolution on November 12, 2020, the Company has changed its name to "Prairie Storm Resources Corp.". There is no consolidation of capital.
Effective at the opening Monday, December 21, 2020, the common shares of Prairie Storm Resources Corp. will commence trading on TSX Venture Exchange, and the common shares of Quendale Capital Corp. will be delisted.
For further information, please refer to the Company's Filing Statement dated November 29, 2020, which is filed on SEDAR.
The Company is classified as an 'Oil and gas extraction (except oil sands)' company.
Capitalization: |
Unlimited shares with no par value of which |
147,210,037 shares are issued and outstanding |
|
Escrow: |
43,520,289 shares |
Transfer Agent: |
Computershare Investor Services Inc. |
Trading Symbol: |
PSEC (new) |
CUSIP #: |
73966M 10 0 |
Company Contact: |
Hugh G. Ross, President and Chief Executive Officer |
Company Address: |
2000 – 350 7th Avenue SW, Calgary, AB T2P 3N9 |
Company Phone Number: |
403-774-2901 |
Company Email Address: |
_____________________________________
20/12/17 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
ADVANCED PROTEOME THERAPEUTICS CORPORATION ("APC")
BULLETIN TYPE: Halt
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Effective at 9:16 a.m. PST, December 17, 2020, 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.
________________________________________
ADVANCED PROTEOME THERAPEUTICS CORPORATION ("APC")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Effective at 10:45 a.m. PST, December 17, 2020, shares of the Company resumed trading, an announcement having been made.
________________________________________
AMERICAN MANGANESE INC. ("AMY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 11, 2020:
Number of Shares: |
521,000 flow-through shares |
Purchase Price: |
$0.24 per share |
Warrants: |
521,000 share purchase warrants to purchase 521,000 shares |
Warrant Exercise Price: |
$0.30 for a two-year period |
Number of Placees: |
1 Placee |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated ** 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.
_______________________________________
ALTAMIRA GOLD CORP. ("ALTA")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an assignment and transfer of mining rights agreement dated April 6, 2020 among Alta Floresta Gold Mineracao Ltda. ("Alta"), Para Alta Floresta Gold Mineracao Ltda. Epp ["Para", together with Alta, the "Subsidiaries" of Altamira Gold Corp. (the "Company")] and Mineracao Do Para Ltda. ("MAP"), whereby the Subsidiaries will transfer the mineral rights of the Crepori Gold Project located in the state of Para, Brazil to MAP for a cash consideration of $500,000, subject to a 4% NSR to the Company.
________________________________________
ALX RESOURCES CORP. ("AL")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
Private Placement:
# of Warrants: |
2,410,000 |
Original Expiry Date of Warrants: |
December 30, 2018, extended to December 30, 2020 |
New Expiry Date of Warrants: |
December 30, 2021 |
Exercise Price of Warrants: |
$0.15 |
These warrants were issued pursuant to a private placement of 2,410,000 flow-through shares with 2,410,000 share purchase warrants attached, which was accepted for filing by the Exchange effective December 30, 2016.
________________________________________
AVIDIAN GOLD CORP. ("AVG")
BULLETIN TYPE: Halt
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Effective at 9:54 a.m. PST, December 17, 2020, 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.
________________________________________
AVIDIAN GOLD CORP. ("AVG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Effective at 11:15 a.m. PST, December 17, 2020, shares of the Company resumed trading, an announcement having been made.
________________________________________
HIGH TIDE INC. ("HITI")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 16, 2020 pursuant to an amended credit facility with Windsor Private Capital:
Convertible Debenture |
$1,000,172.37 in principal amount of secured convertible debentures ("Debentures"). |
Conversion Price: |
Convertible into common shares of the Company at a price per share equal to $0.17. |
Maturity date: |
December 31, 2022 |
Prepayment: |
The Company will have the option to prepay all or a portion of the Debentures, at any time or from time to time, upon thirty days' prior written notice to the lender. Partial prepayments must be in the amounts of not less than $250,000. |
Interest rate: |
10% per annum with accrued interest payable monthly, in arrears, on the last day of each calendar month. |
Number of Placees: |
1 Placee |
Insider / Pro Group Participation: |
None |
Finder's Fee: |
None |
________________________________________
INTELGENX TECHNOLOGIES CORP. ("IGX")
BULLETIN TYPE: Private Placement- Brokered, Convertible Debenture(s)
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced October 15, 2020:
Convertible Debenture: |
US$1,762,000 principal amount |
Conversion Price: |
Convertible into common shares at US$0.18 per share until maturity |
Maturity date: |
48 months from issuance |
Interest rate: |
8% per annum |
Number of Placees: |
55 Placees |
Finder's Fee: |
An aggregate of US$123,340 and 704,800 broker warrants payable to Cantone Research, Inc. Each Broker Warrant entitles the holder to acquire one common share at a price of US$0.18 per share for a period of 24 months. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued news releases dated October 15, 2020 and October 23, 2020, announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
________________________________________
LOOP INSIGHTS INC. ("MTRX")
BULLETIN TYPE: Halt
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Effective at 4:57 a.m. PST, December 17, 2020, 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.
________________________________________
LOOP INSIGHTS INC. ("MTRX")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Effective at 10:00 a.m. PST, December 17, 2020, shares of the Company resumed trading, an announcement having been made.
________________________________________
Mobi724 Global Solutions Inc. ("MOS")
BULLETIN TYPE: Convertible Debentures, Amendments
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to amend the following convertible debenture:
Convertible Debenture: |
$500,000 |
Original Conversion Price: |
$0.15 |
New Conversion Price: |
$0.10 |
Original Maturity Date: |
January 15, 2021 |
New Maturity Date: |
July 31, 2022 |
Interest Rate: |
12% per annum |
The convertible debenture was issued pursuant to a private placement including a total of 7,692,307 common shares and a convertible debenture of $500,000, which was accepted for filing by the Exchange effective on February 5, 2019.
For further information, please refer to the Company's press releases dated August 4, 2020 and August 7, 2020.
Mobi724 Global Solutions Inc. (« MOS »)
TYPE DE BULLETIN : Débentures convertibles, Amendements
DATE DU BULLETIN : Le 17 décembre 2020
Société du groupe 2 de TSX Croissance
Bourse de Croissance TSX a accepté les modifications à la débenture convertible suivante :
Débentures convertibles : |
500 000 $ |
Prix de conversion initial : |
0,15 $ |
Nouveau prix de conversion : |
0,10 $ |
Date d'échéance initiale : |
15 janvier 2021 |
Nouvelle date d'échéance : |
31 juillet 2022 |
Taux d'intérêt : |
12 % par année |
La débenture convertible a été émise en vertu d'un placement privé comprenant un total de 7 692 307 actions ordinaires et une débenture convertible de 500 000 $, tel qu'accepté par la Bourse, effectif le 5 février 2019.
Pour de plus amples renseignements, veuillez-vous référer aux communiqués de presse de la société datés du 4 août 2020 et 7 août 2020.
______________________________________
NUMINUS WELLNESS INC. ("NUMI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Share Purchase Agreement (the "Agreement") dated December 15, 2020, between Numinus Wellness Inc. (the "Company") and several arm's length parties (collectively, the "Vendors"), whereby the Company has acquired 100% of the issued and outstanding shares of MindSpace Psychology Services Inc. – a Montreal-based full-service well-being organization that began as a state-of-the-art psychology clinic with a focus on evidence-based approaches to mental health.
Under the terms of the Agreement, the Company will make a $500,000 cash payment on closing, issue an aggregate of 441,176 common shares over a two year period, and issue up to an additional $1,100,000 in common shares (based on a 5-day VWAP prior to issuance) upon the achievement of certain performance targets and conditions having been met.
For further details, please refer to the Company's news release dated December 15, 2020.
________________________________________
PACTON GOLD INC. ("PAC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 7, 2020:
Number of Shares: |
1,807,778 Non-Flow-through shares |
|
Purchase Price: |
$0.90 per share |
|
Warrants: |
1,807,778 share purchase warrants to purchase 1,807,778 shares |
|
Warrant Exercise Price: |
$1.25 for a two-year period, subject to an acceleration clause. |
|
Number of Shares: |
2,010,000 Flow-through shares |
|
Purchase Price: |
$1.00 per share |
|
Number of Placees: |
13 Placees |
|
Insider / Pro Group Participation: |
||
Name |
Insider=Y / ProGroup=P |
# of Shares |
Sprott Asset Management |
Y |
1,000,000 |
Richard Boulay |
Y |
10,000 |
Finder's Fee: |
Haywood Securities Inc. $16,220 cash and 18,000 warrants payable. |
|
PI Financial Corp. $21,600 cash and 24,000 warrants payable. |
||
-Each warrant is exercisable into one share at $1.25 for two years from closing, subject to an acceleration clause. |
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.]
________________________________________
SILVER SPRUCE RESOURCES INC. ("SSE")
BULLETIN TYPE: Private Placement - Non-Brokered
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 16, 2020:
Number of Shares: |
8,333,334 flow-through units ("FT Unit"). Each FT Unit consists of one common share and one-half of one common share purchase warrant. |
Purchase Price: |
$0.06 per FT Unit |
Warrants: |
4,166,667 share purchase warrants to purchase 4,166,667 shares |
Warrant Exercise Price: |
$0.075 per share for a two-year period |
Number of Placees: |
2 Placees |
Insider / Pro Group Participation: |
None |
Finder's Fee: |
$17,500 cash commission payable to Leede Jones Gable Inc. and $17,500 cash commission payable to GloRes Capital Inc. |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company shall issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
________________________________________
VALENCIA CAPITAL INC. ("VAL.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: December 17, 2020
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated December 7, 2020, 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.
________________________________________
WOW UNLIMITED MEDIA INC. ("WOW")
BULLETIN TYPE: Private Placement-Brokered, Convertible Debenture/s
BULLETIN DATE: December 17, 2020
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced October 17, 2020 and November 17, 2020:
Convertible Debenture |
$4,700,000 |
|
Conversion Price: |
Convertible at $0.55 into 8,545,454 common shares. |
|
Maturity date: |
November 17, 2023. |
|
Interest rate: |
9.5% per annum |
|
Number of Placees: |
17 Placees |
|
Insider / Pro Group Participation: |
||
Name |
Insider=Y / ProGroup=P |
# of $1,000 Debentures |
John Vandervelde |
Y |
246 |
L.C. Holdings Inc. (Lawrence Chernin) |
Y |
100 |
Network Capital Inc. (David Richards) |
Y |
100 |
Fredrick G. Seibert |
Y |
242 |
Bell Media Inc. (Michelle Mendes) |
Y |
519 |
Michael Hirsh |
Y |
400 |
Finder's Fee: |
Haywood Securities Inc. $10,000 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.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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