TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, BC, May 12, 2023 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 12, 2023
TSX Venture Company
A Cease Trade Order has been issued by the British Columbia Securities Commission on May 11, 2023 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) |
TTD |
2 |
Tinkerine Studios Ltd. |
Annual audited financial statements for the year. Annual management's discussion and analysis for the year. Certification of annual filings for the year. |
2022/12/31 2022/12/31 2022/12/31 |
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.
________________________________________
ANKH II CAPITAL INC. ("AUNK.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
Further to the Exchange's Bulletin dated May 10, 2023, the Company has submitted to the Exchange acceptable documentation respecting its Capital Pool Company listing.
Effective at the opening, Tuesday, May 16, 2023, shares of the Company will resume trading.
________________________________________
ELECTRIC METALS (USA) LIMITED ("EML")
[formerly Nevada Silver Corporation ("NSC")]
BULLETIN TYPE: Name Change
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders May 4, 2023, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening May 16, 2023, the common shares of Electric Metals (USA) Limited will commence trading on TSX Venture Exchange, and the common shares of Nevada Silver Corporation will be delisted. The Company is classified as a 'Other Support Activities for Mining (Non-Oil & Gas)' company.
Capitalization: |
unlimited shares with no par value of which |
100,458,056 shares are issued and outstanding |
|
Escrow: |
10,784,933 shares |
Transfer Agent: |
TSX Trust Company |
Trading Symbol: |
EML (new) |
CUSIP Number: |
28489D102 (new) |
________________________________________
HIGH MOUNTAIN 2 CAPITAL CORPORATION ("HMCC.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
Effective at the opening, Tuesday, May 16, 2023, the securities of High Mountain 2 Capital Corporation (the "Company") will resume trading. Further to the Exchange Bulletin dated September 28, 2022, a news release was issued on April 28, 2023, announcing that the Company will not be proceeding with its proposed transaction. The transaction contemplated would have constituted a Qualifying Transaction as defined under Exchange Policy 2.4.
________________________________________
LION ONE METALS LIMITED ("LIO") ("LIO.WT")
BULLETIN TYPE: Prospectus-Unit Offering, Private Placement-Brokered, New Listing-Warrants
BULLETIN DATE: May 12, 2023
TSX Venture Tier 1 Company
Effective May 11, 2023, the Company's Unit Offering filed pursuant to the Prospectus Supplement dated May 05, 2023, to the Short Form Base Shelf Prospectus dated May 13, 2022, was filed with and accepted by TSX Venture Exchange. The Short Form Base Shelf Prospectus was filed with the British Columbia Securities Commission and the authorities of all provinces except Quebec.
TSX Venture Exchange has been advised that closing occurred on May 11, 2023, for gross proceeds of $27,002,000 (the "Offering").
Underwriters: |
Eight Capital, Canaccord Genuity Corp., Raymond James Ltd. and Roth Canada Inc. |
Offering: |
28,742,500 units. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. |
Unit Price: |
$0.92 per unit |
Warrant Exercise Price/Term: |
$1.25 per share/30 months |
Underwriters' Warrants: |
1,718,550 non-transferable warrants exercisable to purchase one share at $0.92 per share for a period of 30 months. |
Over-allotment Option: |
NIL |
Private Placement-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on May 05, 2023, completed concurrently with the offering and on the same terms:
Number of Shares: |
607,500 Common Shares |
Purchase Price: |
$0.92 per Share |
Warrant: |
303,750 share purchase warrants to purchase 303,750 shares |
Warrant Purchase Price: |
$ 1.25 for 30 months from the date of issuance. |
Number of Placees: |
4 Placees |
Insider / Pro Group Participation: |
N/A |
Agent's Fee |
Eight Capital Corp. 21,870 Compensation Options, Canaccord Genuity Corp.– 7,290 Compensation Options , Raymond James Ltd. – 3,645 Compensation Options, Roth Capital Inc – 3,645 Compensation Options. Compensation Options are exercisable to purchase one share at $0.92 per share for a period of 30 months. |
Agents Cash Component |
Eight Capital Corp- $21,320.40, Canaccord Genuity Corp.-$7,106.80 Raymond James Ltd. - $3,553.40, Roth Capital Inc.- $3,553.40 |
Aggregate Cash Amount |
Aggregate # of Shares |
Aggregate # of Warrants |
|
Finder's Fee: |
N/A |
N/A |
N/A |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release on May 11, 2023, announcing the closing of the private placement concurrently with the Offering.
New Listing - Warrants
Effective at the opening on May 15, 2023, the common share purchase warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Mining' company.
Corporate Jurisdiction: |
British Columbia |
Capitalization: |
16,876,250 warrants, authorized by a warrant indenture dated May 11, 2023, and a first supplement indenture dated May 05, 2023, of which 14,675,000 warrants are issued and outstanding |
Transfer Agent: |
Computershare Trust Company Of Canada |
Trading Symbol: |
LIO.WT |
CUSIP Number: |
536216153 |
Each Warrant entitles the holder to purchase one common share of the Company at a price of $ 1.25 per share and will expire at 5:00 pm (Vancouver time) on November 11, 2025.
The underlying Warrants are governed by the terms and conditions of the Warrant Indenture dated May 11, 2023, and were issued pursuant to the offering noted above.
For further details, please refer to the Company's supplement dated May 05, 2023, filed on SEDAR and the Company's news releases dated May 03, 2023, and May 11, 2023.
________________________________________
23/05/12 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
A.I.S. RESOURCES LIMITED ("AIS")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 12, 2023
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: 16,240,000
Original Expiry Date of Warrants: May 9, 2023
New Expiry Date of Warrants: May 9, 2024
Exercise Price of Warrants: $0.05
These warrants were issued pursuant to a private placement of 16,240,000 shares with 16,240,000 share purchase warrants attached, which was accepted for filing by the Exchange effective May 9, 2022.
________________________________________
BCM RESOURCES CORPORATION ("B")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on March 21, 2023:
Number of Shares: |
10,873,468 shares |
Purchase Price: |
$0.25 per share |
Warrants: |
10,873,468 share purchase warrants to purchase 10,873,468 shares |
Warrant Exercise Price: |
$0.33 for a one-year period |
Number of Placees: |
15 placees |
Insider / Pro Group Participation:
Placees |
# of Placee (s) |
Aggregate # of Shares |
Aggregate Existing Insider Involvement: |
1 |
264,779 |
Aggregate Pro Group Involvement: |
N/A |
N/A |
Finder's Fee: |
N/A |
The Company issued a news release on May 11, 2023, confirming closing of the private placement. 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.
________________________________________
EMERITA RESOURCES CORP. ("EMO")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 12, 2023
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: |
7,847,150 |
Original Expiry Date of Warrants: |
July 15, 2023 |
New Expiry Date of Warrants: |
January 15, 2024 |
Exercise Price of Warrants: |
$1.50 |
These warrants were issued pursuant to a private placement of 18,182,500 shares with 9,091,250 share purchase warrants attached, which was accepted for filing by the Exchange effective July 19, 2021.
________________________________________
KDA GROUP INC. ("KDA")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation a Share Purchase Agreement and an Asset Purchase Agreement dated March 27, 2023 (the "Agreements"), as amended on April 14 and 28, 2023, between KDA Group Inc. (the "Company") and arm's length parties. Pursuant to the terms of the Agreements, effective on May 1, 2023, the Company has disposed of its business of placement agency for pharmacists and pharmacy technical assistants for a total consideration of $10,200,000 of which $9,000,000 was received cash at closing and deferred payments of $400,000 receivable within 18 months and $800,000 receivable within 36 months.
For further information, please refer to the Company's news release dated May 4, 2023.
GROUPE KDA INC. (« KDA »)
TYPE DE BULLETIN : Convention de vente d'actifs ou d'actions
DATE DU BULLETIN : Le 12 mai 2023
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de la documentation d'une convention d'achat d'actions et d'une convention d'achat d'actifs datées du 27 mars 2023 (les « Conventions »), tel que modifiées les 14 et 28 avril 2023, entre Groupe KDA inc. (la « Société ») et des personnes sans lien de dépendance. Conformément aux termes des Conventions ayant une date de prise d'effet du 1er mai 2023, la Société a cédé ses activités d'agence de placement de pharmaciens et d'assistants techniques en pharmacie pour une contrepartie totale de 10 200 000 $ dont 9 000 000 $ ont été reçus en espèces à la clôture ainsi que des paiements reportés de 400 000 $ encaissable dans les 18 mois et de 800 000 $ encaissable dans les 36 mois.
Pour plus d'information, veuillez-vous référer au communiqué de presse émis par la Société le 4 mai 2023.
______________________________________________
MINEHUB TECHNOLOGIES INC. ("MHUB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition or assignment of certain operational assets, intellectual property, contracts and accounts receivable of an arm's length seller pursuant to a purchase agreement dated March 1, 2023 between the Company, the Company's wholly-owned subsidiary and an arm's length seller.
CASH ($) |
SECURITIES |
WORK EXPENDITURES (S) |
|
CONSIDERATION |
N/A |
8,176,634 Common Shares |
N/A |
For further details, please refer to the Company's news releases dated March 2 and 10, 2023.
________________________________________
NORTHSTAR GAMING HOLDINGS INC. ("BET")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the Company's arm's length acquisition of 100% of Slapshot Media Inc. ("Slapshot"). The Company has acquired Slapshot for a consideration of $2,600,000, payable as follows:
- $2,100,000 paid by the issuance of 3,818,181 common shares at a deemed value of $0.55 on the closing date. [Issued].
- An earn-out payment of up to C$500,000 based on revenue performance of Slapshot, payable on a quarterly basis over 1 year following the closing, in common shares with a deemed value per share equal to the greater of: (i) a 20-day volume weighted average price calculated at the end of each applicable quarter; and (ii) $0.45 per share. [Maximum 1,111,111 common shares issuable].
Please refer to the Company's press releases dated April 25 and May 8, 2023.
__________________________________________________
ORFORD MINING CORPORATION ("ORM")
BULLETIN TYPE: Halt
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
Effective at 5:30 a.m. PST, May 12, 2023, trading in the shares of the Company was halted, 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.
________________________________________
ORFORD MINING CORPORATION ("ORM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
Effective at 7:00 a.m. PST, May 12, 2023, shares of the Company resumed trading, an announcement having been made.
________________________________________
OSISKO METALS INCORPORATED ("OM")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement; Private Placement-Non-Brokered
BULLETIN DATE: May 12, 2023
TSX Venture Tier 1 Company
Property-Asset or Share Disposition Agreement
TSX Venture Exchange has accepted for filing a disposition of up to 60% interest in Pine Point Mining Limited, a wholly-owned subsidiary of the Company (the "Subsidiary") pursuant to an Investment Agreement (the "Agreement") whereby a joint venture will be formed between the Company and an arm's length party (the "Purchaser"). The Subsidiary is an owner of the Pine Point Project located on the south shore of Great Slave Lake in the Northwest Territories (the "Property").
Pursuant to the terms of the Agreement, the Purchaser may invest up to $100,000,000 over an estimated four-year period. At the time of closing, the Purchaser agreed to purchase class B shares of the Subsidiary held by the Company, which class B shares will have been issued to the Company in exchange for class A shares of the Subsidiary owned by the Company on a 1:1 basis, for a purchase price equal to $8,300,000. Also at the time of closing, the Purchaser agreed to purchase such number of class B shares of the Subsidiary for a purchase price equal to $13,100,000.
At closing, the Purchaser owned 25.3% of the Subsidiary. Subsequent to the closing of the transaction, and until the Purchaser has acquired an ownership interest of 60% in the Subsidiary or until a final investment decision has been reached, all financing will be made by way of cash calls issued by the board of the Subsidiary to the Purchaser, the quantum and speed of which are determined at the sole discretion of the board of directors of the Subsidiary.
For further details, please refer to the Company's news releases dated February 22, 2023, March 17, 2023 and April 6, 2023.
Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 22, 2023:
Number of Shares: |
20,153,164 shares |
Purchase Price: |
$0.2481 per share |
Number of Placees: |
1 placee |
Insider / Pro Group Participation: N/A |
Finder's Fee: N/A |
The Company issued a news release on April 6, 2023 confirming the closing of the private placement.
__________________________________________
SOUTHERN SILVER EXPLORATION CORP. ("SSV")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 12, 2023
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: 9,000,000
Original Expiry Date of Warrants: June 16, 2023
New Expiry Date of Warrants: June 16, 2026
Exercise Price of Warrants: $0.75
These warrants were issued pursuant to a private placement of 18,000,000 shares with 9,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective June 24, 2021.
________________________________________
SOUTHERN SILVER EXPLORATION CORP. ("SSV")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 12, 2023
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: 1,200,000
Original Expiry Date of Warrants: September 11, 2023
New Expiry Date of Warrants: September 11, 2025
Exercise Price of Warrants: $0.50
These warrants were issued pursuant to a private placement of 1,200,000 shares with 1,200,000 share purchase warrants attached, which was accepted for filing by the Exchange effective September 15, 2020.
________________________________________
SOUTHERN SILVER EXPLORATION CORP. ("SSV")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 12, 2023
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: 8,502,977
Original Expiry Date of Warrants: August 14, 2023
New Expiry Date of Warrants: August 14, 2025
Exercise Price of Warrants: $0.38
These warrants were issued pursuant to a private placement of 19,047,620 subscription receipts, which was accepted for filing by the Exchange effective September 4, 2020. These 19,047,620 subscription receipts were subsequently converted into 19,047,620 shares, with 9,523,810 share purchase warrants attached.
________________________________________
SOUTHERN SILVER EXPLORATION CORP. ("SSV")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 12, 2023
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: 3,000,000
Original Expiry Date of Warrants: June 21, 2023
New Expiry Date of Warrants: June 26, 2026
Exercise Price of Warrants: $0.75
These warrants were issued pursuant to a private placement of 6,000,000 shares with 3,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective June 23, 2021.
________________________________________
ULTRA LITHIUM INC. ("ULT")
BULLETIN TYPE: Halt
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
Effective at 6:30 a.m. PST, May 12, 2023, trading in the shares of the Company was halted, 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.
________________________________________
VIP ENTERTAINMENT TECHNOLOGIES INC. ("VIP")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on March 6, 2023 and April 5, 2023:
Number of Shares: |
2,550,800 units |
Purchase Price: |
$0.25 per unit |
Warrants: |
1,275,400 share purchase warrants to purchase 1,275,400 shares |
Warrant Exercise Price: |
$0.50 for a two year period |
Number of Placees: |
30 placees |
Insider / Pro Group Participation: |
||
Placees |
# of Placee (s) |
Aggregate # of Units |
Aggregate Existing Insider Involvement: |
6 |
378,000 |
Aggregate Pro Group Involvement: |
N/A |
N/A |
Aggregate Cash Amount |
Aggregate # of Shares |
Aggregate # of Warrants |
|
Finder's Fee: |
$5,400 |
N/A |
21,600 |
Finder's Warrants Terms: Each Finder's Warrant entitles the holder to purchase one unit of the Company at $0.25 per unit. Each unit consists of one common share and one-half of one share purchase warrant exercisable at $0.50 for a period of 2 years from the date of issuance.
The Company issued a news release on May 11, 2023 confirming closing of the private placement. 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.
________________________________________
ZACATECAS SILVER CORP. ("ZAC")
BULLETIN TYPE: Private Placement – Non-Brokered
BULLETIN DATE: May 12, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 21, 2023:
Number of Shares: |
7,809,502 common share units ("Units"), each Unit consisting of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant"). |
Purchase Price: |
$0.45 per Unit. |
Warrants: |
7,809,502 whole Warrants to purchase 7,809,502 Shares. |
Warrant Price: |
$0.55 exercisable for a period of three years from the date of issuance. |
Number of Placees: |
35 placees. |
Insider / Pro Group Participation: |
||
Insider= Y / |
||
Name |
Pro Group= P |
Number of Units |
Aggregate Existing Insider Involvement: |
||
[4 Existing Insiders] |
Y |
492,223 |
Aggregate Pro Group Involvement: |
N/A |
N/A |
Aggregate Cash Amount |
Aggregate # of Shares |
Aggregate # of Finder Warrants |
|
Finder's Fee: |
$61,967.56 |
N/A |
137,706 |
Finder Warrants are exercisable at $0.45 per Finder Share for a period of 24 months from the date of issuance.
The Company issued a news release on May 11, 2023, confirming the closing of the Private Placement. 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.
__________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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