TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, May 13, 2019 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 13, 2019
TSX Venture Company
A Cease Trade Order has been issued by the Nova Scotia and Ontario Securities Commission on May 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) |
||||
SPOT |
2 |
GoldSpot Discoveries Corp. |
interim unaudited financial reports, |
2019/02/28 |
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.
________________________________________
22 CAPITAL CORP. ("LFC.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within 24 months of Listing
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated October 03, 2018, effective at the open, Wednesday, May 15, 2019 trading in the shares of the Company will be suspended, the Company having failed to complete a Qualifying Transaction within 24 months of its listing.
Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.
________________________________________
WESTLEAF INC. ("WL"), ("WL.DB"), ("WL.WT")
BULLETIN TYPE: Prospectus-Debenture Offering, New Listing-Debentures, New Listing-Warrants
BULLETIN DATE: May 13, 2019May 11, 2001
TSX Venture Tier 2 Company
Prospectus-Debenture Offering
Effective May 6, 2019, the Company's Amended and Restated Short Form Prospectus (the "Prospectus") dated May 2, 2019 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta and Ontario Securities Commissions. The Prospectus has been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island and Saskatchwewan. A receipt for the Prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.
TSX Venture Exchange has been advised that closing occurred on May 10, 2019, for gross proceeds of $12,000,000.
Offering: |
12,000 unsecured convertible debenture units (the "Debenture Units"). |
Agent(s): |
Canaccord Genuity Corp. |
GMP Securities L.P. |
|
Agent's Commission: |
An aggregate cash fee equal to 7.0% of gross proceeds raised |
Non-transferable broker warrants (the "Broker Warrants") equal to |
New Listing-Debentures
Effective at the opening May 15, 2019, the debentures of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Industrial' company.
Corporate Jurisdiction: |
Alberta |
Capitalization: |
$12,000,000 Debentures are issued and outstanding |
Transfer Agent: |
Computershare Trust Company of Canada |
Trading Symbol: |
WL.DB |
CUSIP Number: |
960563AA2 |
Sponsoring Member: |
Canaccord Genuity Corp. |
Details of the Debentures:
Maturity Date: |
3 years from the date of issuance. |
Redemption: |
The Debentures may be redeemed, at the option of the holder, in whole or in part, on the date that is 30 days following the giving of notice of the Change of Control (as defined in the Prospectus) |
Interest: |
9.5% interest is payable semi-annually on the last business day of June and December in each year, commencing June 28, 2019. |
Subordination: |
The payment of principal and interest on the Debentures is subordinated in right of payment to the extent set forth in the trust indenture governing the Debentures to any secured indebtedness of the Corporation or any security interest over the Corporation's assets existing at the date hereof. |
Conversion: |
The Debentures are convertible into common shares of the Company at $1.30 per share at any time prior to maturity or the business day prior to redemption. |
Day Count Type: |
360 |
Interest Start Date: |
May 10, 2019 |
First Coupon Date: |
June 28, 2019 |
Coupon Dates: |
June 28, 2019, December 31, 2019, June 30, 2020, December 31, 2020, June 30, 2021, December 31, 2021, May 10, 2022. |
Clearing and Settlement: |
The Debentures will clear and settle through CDS and DTC. |
Board Lot: |
The Debentures will trade in a board lot size of $1,000 face value. |
New Listing-Warrants
Effective at the opening May 15, 2019, the warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'industrial' company.
Details of the Warrants:
Warrant Exercise Price/Term: |
Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to $1.65 for a period of three years from the date of issuance |
Corporate Jurisdiction: |
Alberta |
Capitalization: |
5,313,000 warrants, authorized by a warrant |
indenture dated May 10, 2019 of which |
|
4,620,000 warrants are issued and outstanding |
|
Transfer Agent: |
Computershare Trust Company of Canada |
Trading Symbol: |
WL.WT |
CUSIP Number: |
960583138 |
For further information, please refer to the Company's Prospectus dated May 2, 2019.
________________________________________
NEX COMPANIES
SUPERIOR MINING INTERNATIONAL CORPORATION ("SUI.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 13, 2019
NEX Company
Effective at the opening, Wednesday, May 15, 2019, the securities of Superior Mining International Corporation (the "Company") will resume trading. Further to the Exchange Bulletin dated November 27, 2018, a news release was issued on March 13, 2019, announcing that the Company will not be proceeding with its proposed transaction. The transaction contemplated would have constituted a Change of Business as defined under Exchange Policy 5.2.
_________________________________
19/05/13 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BIG DOUGIE CAPITAL CORP. ("STUV.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated May 7, 2019, 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.
________________________________________
CLEAN COMMODITIES CORP. ("CLE")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated October 5, 2019, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the change of business and/or Reverse Take-Over pursuant to Listings Policy 5.2.
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.
________________________________________
CLIFFSIDE CAPITAL LTD. ("CEP")
BULLETIN TYPE: Rights Offering-Shares
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Further to TSX Venture Exchange (the "Exchange") bulletin dated February 14, 2019 and expiry of the Company's Rights Offering on March 21, 2019, the Exchange has accepted for filing the Rights Offering pursuant to which 18,691,667 common shares (includes 2,884,491 common shares issued to stand-by guarantors) were issued.
Pursuant to the stand-by commitment agreement, 2,197,000 non-transferable bonus warrants were issued to the stand-by guarantors. Each bonus warrant entitles the holder to acquire one common share at $0.22 for a three (3) year period.
For further information, please refer to the Company's news releases dated March 27, 2019 and February 07, 2019.
________________________________________
CONTACT GOLD CORP. ("C")
BULLETIN TYPE: Halt
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Effective at 6.42 a.m. PST, May 13, 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.
________________________________________
CONTACT GOLD CORP. ("C")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Effective at 7.30 a.m. PST, May 13, 2019, shares of the Company resumed trading, an announcement having been made.
________________________________________
EARTHWORKS INDUSTRIES INC. ("EWK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 9, 2019:
Number of Shares: |
8,500,000 shares |
Purchase Price: |
$0.05 per share |
Warrants: |
4,250,000 share purchase warrants to purchase 4,250,000 shares |
Warrant Exercise Price: |
$0.10 for a one year period |
Number of Placees: |
22 places |
Insider / Pro Group Participation: |
|
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
El Suelo Holdings Corp |
||
(David F. Andrews) |
Y |
400,000 |
David Atkinson |
Y |
150,000 |
Calvin Woroniak |
Y |
250,000 |
David Russell |
Y |
150,000 |
Aggregate Pro Group Involvement |
||
[1 placee] |
P |
500,000 |
Finder's Fee: |
$9,300 cash payable to Haywood Securities Inc |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), 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.
________________________________________
EMERALD HEALTH THERAPEUTICS, INC. ("EMH")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 13, 2019
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,129,707 shares to settle outstanding debt for $7,500,000.
Number of Creditors: 3 Creditors
The Company shall issue a news release when the shares are issued and the debt extinguished.
________________________________________
FIRST COBALT CORP. ("FCC")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,427,530 common shares at a deemed value of CDN$0.15 per share to settle outstanding debt for CDN$364,130.
Number of Creditors: 1 Creditor
The Company shall issue a news release when the shares are issued and the debt is extinguished.
________________________________________
G2 GOLDFIELDS INC. ("GTWO")
BULLETIN TYPE: Halt
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Effective at 6.15 a.m. PST, May 13, 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.
________________________________________
G2 GOLDFIELDS INC. ("GTWO")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Effective at 8.00 a.m. PST, May 13, 2019, shares of the Company resumed trading, an announcement having been made.
________________________________________
GOLDEN RIDGE RESOURCES LTD. ("GLDN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 03, 2019:
Flow-Through Shares: |
|
Number of FT Shares: |
13,995,458 flow through shares |
Purchase Price: |
$0.165 per flow through share |
Warrants: |
13,995,458 share purchase warrants to purchase 13,995,458 shares |
Warrant Initial Exercise Price: |
$0.25 |
Warrant Term to Expiry: |
3 Years |
Non Flow-Through Shares: |
|
Number of Non-FT Shares: |
4,000,000 non flow through shares |
Purchase Price: |
$0.125 per non flow through share |
Warrants: |
4,000,000 share purchase warrants to purchase 4,000,000 shares |
Warrant Initial Exercise Price: |
$0.25 |
Warrant Term to Expiry: |
3 Years |
Number of Placees: |
20 Placees |
Insider / Pro Group Participation:
Insider=Y / |
||
Name |
Pro-Group=P |
# of Shares |
Michael Blady |
Y |
340,000 |
Aggregate Pro-Group Involvement [1 Placee] |
P |
1,216,408 |
Finder's Fee: |
||
PI Financial Corp |
$23,250.00 cash; 251,018 warrants |
|
Red Cloud Klondike Strike Inc |
$12,375.00 cash; 90,000 warrants |
|
Sprott Global Resources Investment |
$35,000.00 cash; 381,818 warrants |
|
Finder Warrant Initial Exercise Price: |
$0.25 |
|
Finder Warrant Term to Expiry: |
each warrant entitling the holder to purchase a share for a |
|
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.
The above information is a summary only. Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document. Readers should consult the issuer's continuous disclosure record for complete details of the transaction.
________________________________________
GREENPOWER MOTOR COMPANY INC. ("GPV")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced May 3, 2019:
Number of Shares: |
13,114,754 shares |
Purchase Price: |
$.408 per share |
Warrants: |
6,557,371 share purchase warrants to purchase 6,557,371 shares |
Warrant Exercise Price: |
$0.51 for a four year period |
Number of Placees: |
46 Placees |
Agent's Fee: |
ThinkEquity, a division of Fordham Financial Management Inc. - US$280,000 cash |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued news releases dated May 7 and 8, 2019 announcing the closing of the private placement and setting out the expiry dates of the hold periods. 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.
________________________________________
MEDEXUS PHARMACEUTICALS INC. ("MDP")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated May 13, 2019, it may repurchase for cancellation, up to 1,005,333 shares in its own capital stock. The purchases are to be made through the facilities of TSX Venture Exchange or other recognized marketplaces during the period May 16, 2019 to May 15, 2020. Purchases pursuant to the bid will be made by Canaccord Genuity Corp. (Len Sauer) on behalf of the Company.
________________________________________
PAN ORIENT ENERGY CORP. ("POE")
BULLETIN TYPE: Normal Course Issuer Bid
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has been advised by the Company that pursuant to a Notice of Intention to make a Normal Course Issuer Bid dated May 10, 2019, it may repurchase for cancellation, up to 4,504,064 shares in its own capital stock, being 10% of the Company's Public Float. The purchases are to be made through the facilities of TSX Venture Exchange or other recognized marketplaces during the period May 16, 2019, to May 16, 2020. Purchases pursuant to the bid will be made by Mackie Research Capital Corporation on behalf of the Company.
________________________________________
PURE NICKEL INC. ("NIC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Partnership Agreement and Assignment Agreement (together "the Agreements") dated April 29, 2019 between Pure Nickel Inc. (the "Company") and 2176423 Ontario Ltd. (the "Vendor"), a company controlled by Eric Sprott, whereby the Company will acquire an initial 51% of the Neal Development Limited Partnership (the "Project"). The Project includes certain mining units and is located in the Neal Mining District in Elmore County, Idaho.
As consideration, the Company will issue 10,221,732 common shares to the Vendor. Further the Company will have an option to acquire an additional 27% of the Project for a cash consideration of CDN$84,706.
For further details, please refer to the Company's news releases dated May 13, 2019 and April 30, 2019.
________________________________________
QYOU MEDIA INC. ("QYOU")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Effective April 23, 2019, the Company's (final) Short Form Prospectus dated April 23, 2019, was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the Ontario Securities Commission. Under Multilateral Instrument 11-102 - Passport System the Prospectus is deemed to have been filed with and receipted by the securities regulators for each of the British Columbia and Alberta Securities Commissions.
TSX Venture Exchange has been advised that closing occurred on April 30, 2019 for aggregate gross proceeds of $2,300,115 (including over-allotment exercise).
Underwriters: |
Clarus Securities Inc |
Offering: |
38,335,250 Units (includes 5,000,250 units of underwriter's over-allotment option that was exercised in full) |
Unit Price: |
CDN$0.06 per Unit. Each Unit consists of one common share; one-half of one common share purchase warrant (the "10 Cent Warrant"), with each whole 10 Cent Warrant being exercisable into one common share at CDN$0.10 for a six (6) month period; and one-half of one common share purchase warrant (the "12 Cent Warrant"), with each whole 12 Cent Warrant being exercisable into one common share at CDN$0.12 for a two (2) year period |
Underwriter(s) Commission: |
An aggregate of CDN$161,008.05 in cash and 2,683,467 compensation options. Each compensation option entitles the holder to acquire one unit at CDN$0.06 for a 24 month period |
For further details, please refer to the Company's Short Form Prospectus dated April 23, 2019 and news releases dated April 30, 2019 and April 09, 2019.
________________________________________________
RICHMOND MINERALS INC. ("RMD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 5, 2019:
Number of Shares: |
1) 400,000 flow through shares |
2) 972,400 non flow through shares |
|
Purchase Price: |
1) $0.05 per share |
2) $0.05 per share |
|
Warrants: |
1) 400,000 share purchase warrants to purchase 400,000 shares |
2) 972,400 share purchase warrants to purchase 972,400 shares |
|
Warrant Exercise Price: |
1) $0.07 for a two year period |
2) $0.07 for a two year period |
|
Number of Placees: |
2 placees |
Insider / Pro Group Participation:
Insider=Y / |
||
Name |
ProGroup=P |
# of Shares |
Gregor Emmert |
Y |
972,400 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release 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.
________________________________________
WHITE METAL RESOURCES CORP. ("WHM")
BULLETIN TYPE: Halt
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Effective at 5.56 a.m. PST, May 13, 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.
________________________________________
WHITE METAL RESOURCES CORP. ("WHM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 13, 2019
TSX Venture Tier 2 Company
Effective at 10.00 a.m. PST, May 13, 2019, shares of the Company resumed trading, an announcement having been made.
________________________________________
SOURCE TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
Share this article