TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, April 23, 2020 /CNW/ -
TSX VENTURE COMPANIES
NEXUS REAL ESTATE INVESTMENT TRUST ("NXR.UN")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: April 23, 2020
TSX Venture Tier 1 Company
The Issuer has declared the following distributions:
Distribution per Unit: $0.01333
Payable Date: May 15, 2020; June 15, 2020
Record Date: April 30, 2020; May 29, 2020
Ex-distribution Date: April 29, 2020; May 28, 2020 respectively
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NUBIAN RESOURCES LTD. ("NBR")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated April 8, 2020, the Exchange has been advised that the Cease Trade Order issued by the British Columbia and Ontario Securities Commissions dated April 7, 2020 has been revoked.
Effective at the opening, Monday, April 27, 2020, trading will be reinstated in the securities of the Company.
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OTIS GOLD CORP. ("OOO")
BULLETIN TYPE: Plan of Arrangement, Shares for Debt, Delisting
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Effective April 23, 2020, Excellon Resources Inc. ("Excellon") has acquired all of the issued and outstanding shares of Otis Gold Corp. (the "Company") pursuant to a plan of arrangement under Part 9, Division 5 of the Business Corporations Act (British Columbia). Shareholders of the Company approved the arrangement by a special resolution passed on April 17, 2020 and the Supreme Court of British Columbia issued the final court order approving the arrangement on April 21, 2020. Pursuant to the terms of the arrangement agreement between Excellon and the Company, the Company's shareholders will receive 0.23 Excellon shares for each common share of the Company held. Further, under the Arrangement, (i) holders of options to acquire Otis common shares outstanding immediately prior to the effective time of the Agreement received replacement options, entitling the holders thereof to receive Excellon common shares in lieu of Otis common shares, as adjusted in accordance with the plan of arrangement, and (ii) holders of warrants exercisable into Otis common shares, to the extent such warrants were not exercised prior to the effective time of the Arrangement, will be entitled to receive, in lieu of Otis common shares, 0.23 of an Excellon common share for each warrant exercised.
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,348,921 shares to settle outstanding debt for $150,000.
Number of Creditors: |
1 Creditor |
Insider / Pro Group Participation:
Creditor |
Insider=Y / |
Amount |
Deemed Price |
# of Shares |
Arbutus Grove Capital Corp. |
Y |
$150,000 |
$0.1112 |
1,348,921 |
(Craig Lindsay) |
Effective at the close of business Friday April 24, 2020, the common shares of the Company will be delisted from TSX Venture Exchange.
For further information please refer to the joint management information circular of the Company and Excellon dated March 13, 2020, and the Company's news releases dated February 24, to March 16, March 19, March 30, April 17 and April 23, 2020.
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XANDER RESOURCES INC. ("XND")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Effective at the opening, Monday, April 27, 2020, the securities of Xander Resources Inc. (the "Company") will resume trading, a news release having been issued on March 16, 2020 announcing that the Company will not be proceeding with its proposed transaction, which was previously announced on February 22, 2019. The transaction contemplated would have constituted a Reverse Take Over as defined under Exchange Policy 5.2.
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NEX COMPANY:
U3O8 CORP. ("UWE.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 23, 2020
NEX Company
Effective at the opening, Monday, April 27, 2020, the securities of U308 Corp. (the "Company") will resume trading, a news release having been issued on March 30, 2020 announcing that the Company will not be proceeding with its proposed transaction, which was previously announced on March 2, 2020. The transaction contemplated would have constituted a Reverse Take Over as defined under Exchange Policy 5.2.
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20/04/23 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
AZINCOURT ENERGY CORP. ("AAZ")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Further to our bulletin dated April 3, 2017 with respect to the acquisition of a 70% interest in the East Preston Uranium Project located in Saskatchewan, TSX Venture Exchange has accepted for filing documentation in connection with agreements between Skyharbour Resources Ltd., Dixie Gold Inc. (the "Vendors") and the Company whereby the parties have agreed to extend the deadline for the obligations under the option agreement. Consideration for the extension is the issuance of 5,000,000 common shares of which 2,500,000 will be issued to each of the Vendors.
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BRAVEHEART RESOURCES INC. ("BHT")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to the amendment of the terms of the Series A Convertible Debenture (the "Debenture") and the issuance of 10,000,000 warrants to the underlying holders of the Debenture, with each warrant entitling the holder to purchase a common share at a price of $0.15 per share until January 21, 2021. The Debenture was previously negotiated with CuVeras LLC and the Secured Debenture Holders of CuVeras, in connection with the acquisition of all of the issued and outstanding shares of Purcell Basin Minerals Inc. ("Purcell") pursuant to a Plan of Arrangement ("Plan") and made pursuant to the Companies' Creditors Arrangement Act ("CCAA"). The maturity date of the Debenture will be extended for an additional two years and will mature on January 21, 2024. The conversion price will be amended such that immediately, up to 40% of the principal amount of the Debenture can be converted into shares of Braveheart Resources Inc. (the "Company") at a price of $0.20 per share. After 48 months from the original date of issuance, or January 21, 2023, the balance of the principal amount of the Debenture can be converted into shares of the Company at a price of $0.30 per share. If the Debenture is fully converted into common shares of the Company, an aggregate of 24,000,000 common shares would be issuable to the underlying holders of CuVeras.
For further information, please refer to the TSX Venture Exchange bulletin dated January 21, 2019 and the Company's press release dated March 11, 2020.
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CORDOBA MINERALS CORP. ("CDB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to Subscription Agreements dated January 23, 2018 and as amended on March 24, 2020 between the Company and Bruce Miller and Carlos De La Espriella Aldana in connection with an extension on certain obligations due under an option agreement among the Company, Minerales Cordoba S.A.S, Sociedad Ordinaria deMinas OMNI, Compania Minera El Alacran S.A.S., CMH Colombia S.A.S., CobreMinerales S.A.S. and Exploradora Cordoba S.A.S. dated February 27, 2016 (the "Option Agreement"), and in consideration for work and services provided by the Bruce Miller and Carlos De La Espriella Aldana for the Company.
Pursuant to the terms of the Subscription Agreements, the Company will issue 1,856,844 Common Shares to Bruce Miller and 1,856,843 Common Shares to Carlos De La Espriella, a combined value of US$250,000, at a deemed price of $0.0895 for the First Tranche of Common Shares.
The issuance of the Second Tranche of Common Shares, which is due concurrently with the fifth and final option payment due under the Option Agreement on or before June 30, 2020, will be subjected to approval of the TSX Venture Exchange.
For further details, please refer to the Company's news release dated March 27, 2020.
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GIYANI METALS CORP. ("EMM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to the share purchase agreement (the "Agreement") dated November 12, 2019, between Malungani Resources (Pty) Ltd ("Malungani") and Giyani Metals Corp. (the "Company"). Pursuant to the Agreement, the Company shall acquire an aggregate of 36 Lexshell Shares from Malungani (the "Lexshell Shares").
Pursuant to the Agreement, in order to acquire the Lexshell Shares, the Company shall issue an aggregate of 1,248,999 common shares to Malungani (the "Consideration Shares"). One third of the consideration shares (416,333 common shares) will be issued upon initial closing, with the balance of the consideration shares (832,666 common shares) to be issued if certain conditions are met.
For more information, refer to the Company's news release dated December 9, 2019.
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INTERNATIONAL MILLENNIUM MINING CORP. ("IMI")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 15,899,500 shares to settle outstanding debt for $317,990.
Number of Creditors: |
13 Creditors |
Insider / Pro Group Participation:
Creditor |
Insider=Y/ Progroup=P |
Amount Owing |
Deemed Price |
# of Shares |
Cabo Drilling Corp. (John A. Versfelt) |
Y |
$100,000.00 |
$0.02 |
5,000,000 |
D. Alexander Caldwell |
Y |
$19,500.00 |
$0.02 |
975,000 |
Robert M. Drago |
Y |
$24,250.00 |
$0.02 |
1,212,500 |
Brazport Investments Ltd. (Michael |
Y |
$19,500.00 |
$0.02 |
975,000 |
Sebastien Vermeire |
Y |
$16,750.00 |
$0.02 |
837,500 |
1188691 B.C. Ltd (Calvin Lucyshyn) |
Y |
$20,000.00 |
$0.02 |
1,000,000 |
American Resource Management |
Y |
$20,000.00 |
$0.02 |
1,000,000 |
For more information, please refer to the Company's news release dated April 16, 2020.
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MIDNIGHT SUN MINING CORP. ("MMA")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Effective at 4:41 a.m. PST, April 23, 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.
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NAVION CAPITAL INC. ("NAVN.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated April 21, 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.
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NEW STRATUS ENERGY INC. ("NSE")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: April 23, 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: |
10,000,000 |
Original Expiry Date of Warrants: |
May 3, 2020 |
New Expiry Date of Warrants: |
May 3, 2022 |
Exercise Price of Warrants: |
$0.10 |
These warrants were issued pursuant to a private placement of 10,000,000 shares with 10,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective on May 16, 2017 and further amended on March 26, 2018.
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OTIS GOLD CORP. ("OOO")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Effective at 13:07 p.m. PST, April 22, 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.
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PLB CAPITAL CORP. ("PLB.P")
BULLETIN TYPE: Halt
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Effective at 8:17 a.m. PST, April 23, 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.
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PUMA EXPLORATION INC. ("PUMA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an purchase option agreement (the "Agreement") dated April 15, 2020, between Geominex (the "Vendor") and the Company, in connection with the option to acquire a 100% interest in 51 mineral claims covering 1,111 hectares known as the Jonpol South property (the "Property") located in New-Brunswick.
Pursuant to the Agreement, the Company shall issue 500,000 common shares, make cash payments totaling $50,000 over a period of 4 years following the closing of the Agreement, and make additional performance payments of up to $175,000.
The Vendors will retain a 2% net smelter return royalty, of which half of it (i.e. 1%) may be purchased at any time by the Company for $1,000,000. The Company will retain a right of first refusal on the remaining 1% net smelter return royalty.
For further information, please refer to the Company's press release dated April 16, 2020.
EXPLORATION PUMA INC. (« PUMA »)
TYPE DE BULLETIN : Convention d'achat de propriété d'actif ou d'actions
DATE DU BULLETIN : Le 23 avril 2020
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents relativement à une convention d'option d'achat (la « convention ») datée du 15 avril 2020, entre Geominex (le « vendeur ») et la société, concernant l'option d'acquérir 100% des intérêts de 51 claims couvrant 1 111 hectares connus sous le nom de propriété Jonpol South (la « propriété ») localisée dans le Nouveau-Brunswick.
Conformément à la convention, la société devra émettre 500 000 actions ordinaires, effectuer des paiements en espèces totalisant 50 000 $ sur une période de 4 ans suivant la clôture de la convention, et effectuer des paiements additionnels de performance allant jusqu'à 175 000 $.
Les vendeurs retiendront un revenu net de fonderie de 2%, dont la moitié (i.e. 1 %) est rachetable en tout temps par la société pour 1 000 000 $. La société se réserve le droit de premier refus sur le 1 % restant.
Pour plus d'information, veuillez-vous référer au communiqué de presse émis par la société le 16 avril 2020.
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RETURN ENERGY INC. ("RTN")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated, April 15, 2020 trading in the shares of the Company will remain halted Pending Receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to Section 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.
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TECTONIC METALS INC. ("TECT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 15, 2020:
Number of Shares: |
10,473,000 shares |
Purchase Price: |
$0.20 per share |
Warrants: |
5,236,500 share purchase warrants to purchase 5,236,500 shares |
Warrant Exercise Price: |
$0.40 for a two year period. The warrants have an acceleration provision such that if the closing price of the common shares is $0.56 or greater for 10 consecutive trading days, the expiry date will be accelerated to 30 days after the last day of the 10-day trading period. |
Number of Placees: |
1 placee |
Insider / Pro Group Participation:
Name |
Insider=Y / |
# of Shares |
Doyon, Limited |
Y |
10,473,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on April 20, 2020. [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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TELO GENOMICS CORP. ("TELO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining to an Agreement dated April 20, 2020 between Telo Genomics Corp. (the 'Company') and Knight Therapeutics Inc., pursuant to which the parties agreed to terminate a distribution, license and supply agreement dated July 21, 2016. In consideration, the Company will pay $5,000 and issue 50,000 share purchase warrants, each exercisable for one share at a price of $0.25 per share for a five year period.
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THE ALKALINE WATER COMPANY INC. ("WTER")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 23, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 16, 2020:
Number of Shares: |
9,750,000 shares |
Purchase Price: |
US$0.40 per share |
Warrants: |
9,750,000 share purchase warrants to purchase 9,750,000 shares |
Warrant Exercise Price: |
US$0.50 for a three year period |
Number of Placees: |
6 placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on April 17, 2020. [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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NEX COMPANY:
WILDSKY RESOURCES INC. ("WSK.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: April 23, 2020
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 10, 2020:
Convertible Debenture |
$200,000 |
Conversion Price: |
Convertible into shares at a price of $0.10 per share. |
Maturity date: |
24 months after issuance |
Interest rate: |
10% per annum, accrued monthly and payable at maturity |
Number of Placees: |
1 placee |
Insider / Pro Group Participation:
Name |
Insider=Y / |
Debentures |
Zijin Global Fund |
||
(Zonglin Zhang, Sha Liu) |
Y |
$200,000 |
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. The Company must also issue a news release if the private placement does not close promptly.
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SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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