TSX VENTURE COMPANIES
AFRICA OIL CORP. ("AOI")
LION ENERGY CORP. ("LEO")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Companies
TSX Venture Exchange has accepted for filing a Farm-In Agreement - Lion
Energy Corp. and Africa Oil Corp - Allocation of Finders' Fees dated April
20, 2010 whereby Peninsula Merchant Syndications Corp. (Sam Magid) and
Lockwood Financial Ltd. (Kegam Kevin Torudag) will receive fees in
connection with services provided in connection with the Farm-In Agreement
regarding property interests in the Republic of Kenya and the State of
Puntland, Somalia that was accepted for filing by the Exchange effective
March 15, 2010. The aggregate fee, with a deemed value of $1,342.900, is
based upon expenditures of $26,208,000 and will be divided as to 62.77% in
favour of Peninsula and 37.23% in favour of Lockwood of which 50% may be
paid immediately with the balance of the fees payable upon receipt of
Exchange approval following confirmation as to the amount of expenditures
that have been made, with the fees payable being $0.05124 for each $1.00 in
expenditures in excess of $13,104,000. In the event the expenditures made
are less than $26,208,000, then the aggregate amount of the finder's fee
payable shall be decreased by $0.05124 for each $1.00 in decreased
expenditures. The fees are payable as follows:
1. Peninsula will receive $842,900 payable by way of 405,240 shares of
Africa Oil at a deemed price of $1.04 per share with the balance of 405,240
shares to be issued at a deemed price of $1.04 per share from time to time
upon receipt of Exchange acceptance of applicable expenditures.
2. Lockwood will receive $500,000 from Lion Energy comprised of $150,000 and
444,444 common shares of Lion Energy at a deemed price of $0.225 with the
balance of 833,333 shares to be issued at a deemed price of $0.30 per share
from time to time upon receipt of Exchange acceptance of applicable
expenditures.
TSX-X
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ANTLER CREEK ENERGY CORP. ("AFE")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Effective at 9:45 a.m. PST, April 26, 2010, shares of the Company resumed
trading, an announcement having been made over StockWatch.
TSX-X
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CANNON POINT RESOURCES LTD. ("CNP")
(formerly Yamiri Gold and Energy Inc. ("YGI"))
BULLETIN TYPE: Name Change
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors on April 7, 2010, the Company
has changed its name as follows. There is no consolidation of capital.
Effective at the opening Tuesday, April 27, 2010, the common shares of
Cannon Point Resources Ltd. will commence trading on TSX Venture Exchange
and the common shares of Yamiri Gold and Energy Inc. will be delisted. The
Company is classified as a 'Junior Natural Resource Mining' company.
Capitalization: Unlimited shares with no par value of which
101,316,586 shares are issued and outstanding
Escrow: Nil escrowed shares
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: CNP (new)
CUSIP Number: 13776P 10 9 (new)
TSX-X
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CONWAY RESOURCES INC. ("CWY")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation with respect
to a Non-Brokered Private Placement announced on March 12, 2010:
Number of Shares: 1,474,284 flow-through common shares and 368,571
common shares
Purchase Price: $0.07 per flow-through common share and $0.07 per
common share
Warrants: 1,842,855 warrants to purchase 1,842,855 common
shares
Warrants Exercise Price: $0.12 per share for a period of one year following
the closing of the Private Placement
Finder's Fee: IFBP Inc. received $12,900 in cash.
The Company has confirmed the closing of the above-mentioned Private
Placement.
RESSOURCES CONWAY INC. ("CWY")
TYPE DE BULLETIN : Placement prive sans l'entremise d'un courtier
DATE DU BULLETIN : Le 26 avril 2010
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de la documentation en vertu
d'un placement prive sans l'entremise d'un courtier, tel qu'annonce le 12
mars 2010 :
Nombre d'actions : 1 474 284 actions ordinaires accreditives et
368 571 actions ordinaires
Prix : 0,07 $ par action ordinaire accreditive et 0,07 $
par action ordinaire
Bons de souscription : 1 842 855 bons permettant d'acquerir 1 842 855
actions ordinaires
Prix d'exercice
des bons : 0,12 $ pendant une periode d'un an suivant la
cloture du placement prive
Honoraires
d'intermediation : IFBP inc. a recu 12 900 $ en especes.
La societe a confirme la cloture du placement prive precite.
TSX-X
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CUMBERLAND OIL & GAS LTD. ("COG")
BULLETIN TYPE: Company Tier Reclassification
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
In accordance with Policy 2.5, the Company has met the requirements for a
Tier 1 company. Therefore, effective Tuesday, April 27, 2010, the Company's
Tier classification will change from Tier 2 to:
Classification
Tier 1
TSX-X
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CYNAPSUS THERAPEUTICS INC. ("CTH")
(formerly Cannasat Therapeutics Inc. ("CTH"))
BULLETIN TYPE: Name Change
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders April 14, 2010, the Company
has changed its name as follows. There is no consolidation of capital.
Effective at the opening Tuesday, April 27, 2010, the common shares of
Cynapsus Therapeutics Inc. will commence trading on TSX Venture Exchange,
and the common shares of Cannasat Therapeutics Inc. will be delisted. The
Company is classified as a 'Research and Development' company.
Capitalization: Unlimited shares with no par value of which
89,665,219 shares are issued and outstanding
Escrow: 17,304,441 shares
Transfer Agent: Equity Transfer & Trust Company
Trading Symbol: CTH (unchanged)
CUSIP Number: 23257Y 10 7 (new)
TSX-X
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GOLDEN HOPE MINES LIMITED ("GNH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a
royalty purchase agreement (the "Agreement") dated April 12, 2010, between
Gold Belt Mining Ltd. (the "Vendor"), Theodore Polisuk and Golden Hope Mins
Limited (the "Company"). Pursuant to the Agreement, the Company shall re-
purchase a royalty interest previously granted by the Company, equal to 10%
of the net proceeds derived from mining operations upon the commencement of
commercial production on certain mining claims located in the Townships of
Panet, Ware and Bellechasse, Quebec.
As consideration, the Company will issue 250,000 common shares to the
Vendor.
For more information, refer to the Company's news release dated April 16,
2010.
TSX-X
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IBERIAN MINERALS CORP. ("IZN")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a
Non-Brokered Private Placement announced April 12, 2010:
Convertible Debenture $25,000,000
Maturity date: December 31, 2011
Warrants: 44,642,856 warrants. Each warrant is exercisable
into one common share at a price of $0.56 per
share until December 31, 2011.
Terms: In the event the warrants are exercised prior to
the Company exercising their Prepayment Option, as
defined below, the deemed value of the warrants
(number of warrants multiplied by the warrant
exercise price) will be used to reduce the then
outstanding principal amount of the loan. The
Company can only elect to prepay the full amount
of the then outstanding principal within a six
month period prior to the Maturity Date (the
"Prepayment Option"). If the Company elects to
exercise the Prepayment Option, the Debenture and
the warrants will be terminated. The Debenture
holders will receive a prepayment fee as described
in the loan agreement dated March 30, 2010 should
the Prepayment Option be exercised.
Interest rate: 7% per annum, which may increase to 10% per annum
in the event the Company increases the amount of
debt it holds.
Number of Placees: 2 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / Principal Amount
Hedgehog Capital LLC Y $15,000,000
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).
TSX-X
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INDIGO EXPLORATION INC. ("IXI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a
Non-Brokered Private Placement announced April 20, 2010:
Number of Shares: 250,000 flow-through shares
Purchase Price: $0.30 per share
Number of Placees: 2 placees
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.
TSX-X
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L1 CAPITAL CORP. ("LOA.P")
BULLETIN TYPE: Suspend-Failure to Complete a Qualifying Transaction within
24 months of Listing
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated March 23, 2010, effective
at the opening Tuesday, April 27, 2010, 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.
TSX-X
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LOVITT RESOURCES INC. ("LRC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a
Non-Brokered Private Placement announced March 16, 2010:
Number of Shares: 1,200,000 shares
Purchase Price: $0.45 per share
Warrants: 1,200,000 share purchase warrants to purchase
1,200,000 shares
Warrant Exercise Price: $0.50 for a one year period
Number of Placees: 20 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
James M. Proudfoot Y 15,000
Scientific Industrial
Systems Inc. (Daniel C. Arnold) Y 220,000
Browncorp Family
Marketing, Inc. (C. Lorne Brown) Y 258,000
Finders' Fees: $900 cash and 2,000 broker warrants payable to
Capital Street Group Investment Services Inc.
$8,100 cash payable to Pascal Najadi
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.
TSX-X
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MONTREUX CAPITAL CORP. ("MRX.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated April 21, 2010, effective at
11:55 a.m. PST, April 26, 2010 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.
TSX-X
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MINAURUM GOLD INC. ("MGG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an assignment agreement dated
April 7, 2010 between Minaurum Gold Inc. (the 'Company') and 0802366 BC Ltd.
(a private BC company), whereby the Company will acquire by assignment a
100% interest in the Adelita project consisting of four claims located in
southern Sonora, Mexico.
Total consideration consists of $510,000 + 15% IVA tax in cash payments and
925,000 shares of the Company over a three year period.
In addition, there is a 2% net smelter return payable to the original
vendors, Minera Coplau S.A. de C.V. (a private Mexican corporation),
relating to the acquisition.
TSX-X
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NEW RANGE RESOURCES LTD. ("RGE")
BULLETIN TYPE: Halt
BULLETIN DATE: April 26, 2010
TSX Venture Tier 1 Company
Effective at the opening, April 26, 2010, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
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.
TSX-X
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OCEANSIDE CAPITAL CORP. ("OCC.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
The shares of the Company were listed on the TSX Venture Exchange on May 26,
2008. The Company, which is classified as a Capital Pool Company ("CPC") is
required to complete a Qualifying Transaction ("QT") within 24 months of its
date of listing, in accordance with Exchange Policy 2.4.
The records of the Exchange indicate that the Company has not yet completed
a QT. If the Company fails to complete a QT by the 24-month anniversary date
of May 26, 2010, the Company's trading status may remain as or be changed to
a halt or suspension without further notice, in accordance with Exchange
Policy 2.4, Section 14.6.
TSX-X
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OUTLOOK RESOURCES INC. ("OLR")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Effective at the opening, April 26, 2010, shares of the Company resumed
trading, an announcement having been made over StockWatch.
TSX-X
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ROXGOLD INC. ("ROG")
BULLETIN TYPE: Consolidation
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Pursuant to a special resolution passed by shareholders April 19, 2010, the
Company has consolidated its capital on a 3 old for 1 new basis and has
subsequently increased its authorized capital. The name of the Company has
not been changed.
Effective at the opening Tuesday, April 27, 2010, the shares of Roxgold 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
Capitalization: unlimited shares with no par value of which
11,628,528 shares are issued and outstanding
Escrow 899,999 shares are subject to escrow
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: ROG (UNCHANGED)
CUSIP Number: 779899 20 2 (new)
TSX-X
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SPARROW VENTURES CORP. ("SPW.P")
BULLETIN TYPE: Notice - QT Not Completed - Approaching 24 Months of Listing
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
The shares of the Company were listed on the TSX Venture Exchange on May 26,
2008. The Company, which is classified as a Capital Pool Company ("CPC") is
required to complete a Qualifying Transaction ("QT") within 24 months of its
date of listing, in accordance with Exchange Policy 2.4.
The records of the Exchange indicate that the Company has not yet completed
a QT. If the Company fails to complete a QT by the 24-month anniversary date
of May 26, 2010, the Company's trading status may remain as or be changed to
a halt or suspension without further notice, in accordance with Exchange
Policy 2.4, Section 14.6.
TSX-X
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TAKARA RESOURCES INC. ("TKK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an
share purchase agreement (the "Agreement") dated March 5, 2010 between
Takara Resources Inc. (the "Company"), Victoria Gold Corp. ("Victoria")
(Toronto Stock Exchange: symbol 'VIT') and two wholly-owned subsidiaries of
Victoria; StrataGold Corporation ("SGC") and Tassawini Gold (Barbados)
Corporation ("TG Barbados"). Pursuant to the Agreement, the Company agreed
to purchase all of the issued and outstanding shares of StrataGold Guyana
Inc. ("SG Guayana"), a wholly-owned subsidiary of TG Barbados.
As consideration for SG Guyana, the Company will issue 21,808,355 common
shares to TG Barbados. Due to a delay in completing the transaction, the
Company will issue 50,000 common additional shares to TG Barbados.
In the event that the Company obtains a positive economic assessment on the
assets acquired, or alternatively, the Company enters into an arrangement
for project funding, the Company shall issue an additional 4,000,000 common
shares.
The Company will issue an additional 120,358 common shares to Leonard
Jardine and Joseph Jardine in the event of commercial production of the
Jardine Property.
For more information, refer to the Company's Filing Statement dated March
12, 2010.
TSX-X
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VIRGINIA ENERGY RESOURCES INC. ("VAE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Non-Brokered Private Placement announced April 1,
2010 and April 7, 2010:
Number of Shares: 10,115,000 shares
Purchase Price: $0.20 per share
Warrants: 5,057,500 share purchase warrants to purchase
5,057,500 shares
Warrant Exercise Price: $0.35 for a two year period
In the event that the Company's shares trade at or greater than a weighted
average price of $0.60 per share for 10 consecutive trading days after the 4
month hold period, the remaining exercise period may be reduced, at the
election of the Company and upon notice to the warrantholders, to 25 days.
Number of Placees: 48 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Robert Matthews Y 300,000
Karen Allan Y 100,000
Robert Ingram Y 250,000
Finders' Fees: $15,400 payable to Union Securities Ltd.
$14,000 payable to National Bank Financial
$3,500 payable to CIBC World Markets
$7,000 payable to Mulaney Trust
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.
TSX-X
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VOLCANIC METALS CORP. ("VOL")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue
109,600 common shares to settle outstanding debt for $27,400.
Number of Creditors: 1 Creditor
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
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WESTCORE ENERGY LTD. ("WTR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Further to TSX Venture Exchange's (the "Exchange") bulletin dated December
21, 2009, the Exchange accepts the issuance of 1,000,000 common shares at a
price of $0.70 per share to GoldSource Mines Inc. ("Goldsource") pursuant to
the "Success Criteria" set out in the Letter Agreement between the Company
and GoldSource dated December 10, 2009.
This transaction and the "Success Criteria" was announced by the Company in
a press release dated December 11, 2009 and March 22, 2010.
TSX-X
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WINALTA INC. ("WTA.A")
BULLETIN TYPE: Halt
BULLETIN DATE: April 26, 2010
TSX Venture Tier 2 Company
Effective at 9:07 a.m. PST, April 26, 2010, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
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.
TSX-X
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