08/07/30 - TSX Venture Exchange Daily Bulletins
TSX VENTURE COMPANIES
ADVANCED EXPLORATIONS INC. ("AXI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 30, 2008
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 July 23,
2008:
Number of Shares: 5,442,453 flow-through shares
Purchase Price: $1.10 per share
Number of Placees: 31 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares
William Washington P 45,000
James D. Dale P 50,000
Finder's Fee: Wellington West Capital Markets Inc.
will receive a finder's fee of
$329,736.00 and 224,820 Compensation
Warrants that are exercisable into
common shares at $1.10 per share for a
two year period.
Limited Market Dealers Inc. will receive
a finder's fee of $10,000.00 and 6,818
Compensation Warrants that are
exercisable into common shares at $1.10
per share for a two year period.
Ensign Capital will receive a finder's
fee of $38,000.00 and 25,909
Compensation Warrants that are
exercisable into common shares at $1.10
per share for a two year period.
PI Financial corp. will receive a
finder's fee of $86,240.00 and 58,800
Compensation Warrants that are
exercisable into common shares at $1.10
per share for a two year period.
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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ANDOVER VENTURES INC. ("AOX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. has accepted for filing documentation in
connection with a purchase agreement (the "Purchase Agreement") between
Andover Ventures Inc. ("Andover") and Genco Resources Ltd. (TSX: GGC)
("Genco") under which Andover will purchase from Genco an approximate
64.7% interest (the "Interest") in Chief Consolidated Mining Company
("Chief"), a publicly traded company based in Eureka, Utah. The Interest
is comprised of 13,034,769 common shares of Chief and 6,477,241
convertible shares of Chief ("Convertible Shares") where each Convertible
Share is convertible into one common share of Chief at no additional cost.
Chief's principal assets include the Trixie Mine and the Burgin Mine
located in the Tintic Mining District, Utah.
The following consideration is payable under the Purchase Agreement in
order for Andover to acquire the Interest:
1. Andover will pay to Genco USD$2,500,000 by July 31, 2008;
2. Andover will pay a further USD$2,378,002.50 on or before September 15,
2008 plus reimbursement of legal, accounting and other costs incurred by
Genco related to the purchase of the Interest;
3. Andover will issue 1,500,000 common shares to Genco on the issuance of
this Bulletin;
4. Andover will pay Genco a "net profits" royalty (the "Royalty")
calculated based on the pro rata share of issued and outstanding Chief
securities represented by the Interest multiplied by 6% of an amount equal
to Chief's net profits for the preceding fiscal year. In the event that
Chief should achieve sustained commercial production from the Trixie Mine
and Burgin Mine, Genco may elect to convert the Royalty into an additional
1,500,000 common shares of Andover.
5. In the two years following the closing of the acquisition of the
Interest, if Andover disposes of the Interest or any portion thereof and
realizes a net profit, or in the event that Chief liquidates its assets
and distributes the proceeds to its shareholders, Andover will share a
percentage of such amounts received, with such percentage to decrease over
time.
Insider / Pro Group Participation: Andover and Genco have two common
directors: Robert Gardner and Brian Smith. Andover formed an independent
committee of independent directors to approve the acquisition of the
Interest.
TSX-X
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CHINA OPPORTUNITY INC. ("COC.P")
BULLETIN TYPE: Halt
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
Effective at 11:23 a.m. PST, July 30, 2008, 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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CHROME CAPITAL INC. ("KRM.P")
BULLETIN TYPE: Halt
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
Effective at 11:23 a.m. PST, July 30, 2008, 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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HALO RESOURCES LTD. ("HLO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 30, 2008
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a property option agreement
between Halo Resources Ltd. (the "Company"), Rubicon Minerals Corporation
and Ron Gangloff (collectively the "Vendors") whereby the Company has the
right to earn up to a 75% interest in 87 claim units located in the Ball
Township Red Lake Mining Division in Ontario. In consideration, the
Company will pay the Vendors a total of $120,000 and issue 100,000 common
shares.
TSX-X
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HIGHBANK RESOURCES LTD. ("HBK")
BULLETIN TYPE: Property-Asset Agreement
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an option agreement between
Highbank Resources Ltd. (the "Company") and Gary R. Brown ("Brown"),
whereby the Company can acquire a 100% interest in the Murvey and Mace
molybdenum prospecting licenses located in the County of Galway, Republic
of Ireland.
The option may be exercised by the Company by:
a) issuing an aggregate of 2,000,000 common shares, at a deemed value of
$0.20,
b) issuing a non-transferable warrant for the right to purchase an
additional 500,000 common shares; and
c) paying an aggregate of $250,000 to Brown;
based on the following schedule:
- paying $50,000 upon execution of the letter of intent (paid);
- paying an additional $200,000 within five business days of approval;
- issuing 500,000 common shares within five business days of approval;
- issuing an additional 500,000 common shares, subject only to the Company
obtaining a NI #43-101 report recommending exploration expenditures
aggregating not less than $375,000 on an exploration program on License
934, such report which will be completed not later than June 30, 2008;
- issuing an additional 1,000,000 common shares upon completion of the
recommended Phase I exploration program, such program to be completed by
December 31, 2008;
- granting Brown a warrant for the right to purchase up to 500,000 common
shares of the Company, exercisable at the price of $0.30 per share for two
years following approval; and
- incurring Exploration Expenditures aggregating not less $500,000 on an
exploration program, to be completed within three years of approval.
The Licenses are also subject to a 2% NSR with the Company having the
right to purchase up to 1.5% of the 2%, prior to a bankable feasibility
study, for the sum of $1,500,000.
A Finder's Fee in consideration of the agreement of $25,000 cash and
150,000 common shares of the Company at a deemed value of $0.20 is payable
to Gregory J. McGroarty of Main Street, Ballintra, County Donegal,
Republic of Ireland.
For more information, please refer to the Company's news release dated May
9, 2008.
TSX-X
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ISLAND ARC EXPLORATION CORP. ("IAX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced July 8, 2008:
Number of Shares: 2,691,934 shares
Purchase Price: $0.15 per share
Warrants: 1,345,967 share purchase warrants to
purchase 1,345,967 shares
Warrant Exercise Price: $0.25 for an eighteen month period
Number of Placees: 30 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares
Tom Vinterlik P 100,000
Paul Trudeau P 100,000
Osvaldo Iadarola Y 30,000
James T. Gillis Management Y 100,000
Finder's Fee: 37,067 shares and 18,534 share purchase
warrants with the same terms as above,
payable to Chadwin Stratulat, $15,223
payable to Orange Capital Corp. and
$4,800 payable to Al Ritchie
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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JAMES BAY RESOURCES LIMITED ("JBR")
BULLETIN TYPE: New Listing-IPO-Shares
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
The Company's Initial Public Offering ("IPO") Prospectus dated July 14,
2008, has been filed with and accepted by TSX Venture Exchange, and filed
with and receipted by the Ontario Securities Commission on July 14, 2008,
pursuant to the provisions of the Securities Act (Ontario).
The gross proceeds received by the Company for the Offering were
$9,309,812.50, consisting of 7,447,850 Units at $1.25 per Unit. Each Unit
includes one Common Share and a one half Common Share purchase Warrant.
Each whole Warrant entitles the holder to purchase a further Common Share
at $2.00 until July 24, 2008. The Company is classified as a 'Mining'
company.
Commence Date: At the opening Thursday, July 31, 2008,
the common shares will commence trading
on TSX Venture Exchange.
Corporate Jurisdiction: Ontario
Capitalization: Unlimited common shares with no par
value of which 27,872,850 common shares
are issued and outstanding
Escrowed Shares: 10,925,000 common shares
Transfer Agent: Equity Transfer & Trust Company
Trading Symbol: JBR
CUSIP Number: 470273 10 3
Agent: IBK Capital Corp.
Agent's Warrants: 744,785 non-transferable purchase
warrants. Each Warrant entitles the
holder to purchase one Unit at $1.25 per
Unit for a period of 24 months.
For further information, please refer to the Company's Prospectus dated
July 14, 2008.
Company Contact: Stephen Shefsky, President & CEO
Company Address: 20 Victoria Street, Suite 800
Toronto, ON M5C 2N8
Company Phone Number: (416) 366-4200
Company Fax Number: (416) 366-4201
TSX-X
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LA QUINTA RESOURCES CORPORATION ("LAQ")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 30, 2008
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: 2,981,250
Original Expiry Date of Warrants: August 13, 2008
New Expiry Date of Warrants: February 13, 2009
Exercise Price of Warrants: $0.35
These warrants were issued pursuant to a private placement of 5,962,500
shares with 2,981,250 share purchase warrants attached, which was accepted
for filing by the Exchange effective February 12, 2008.
TSX-X
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ORIENTAL MINERALS INC. ("OTL")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue up to 2,127,659 bonus shares to Longview Capital Partners Inc., an
Insider of the company, in consideration of a $3,000,000 credit facility.
Shares
Longview Capital Partners Inc. 2,127,659
TSX-X
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SHEFFIELD RESOURCES LTD. ("SLD")
BULLETIN TYPE: Delist
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
Effective at the close of business July 31, 2008, the common shares will
be delisted from TSX Venture Exchange at the request of the Company.
TSX-X
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STRATEGIC OIL & GAS LTD. ("SOG")
BULLETIN TYPE: Halt
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
Effective at 6:00 a.m. PST, July 30, 2008, 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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STRATEGIC OIL & GAS LTD. ("SOG")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
Effective at 11:45 a.m. PST, July 30, 2008, shares of the Company resumed
trading, an announcement having been made over Marketwire.
TSX-X
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REVA RESOURCES CORP. ("RVA")
BULLETIN TYPE: Change of Business
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Change of
Business as described in its Filing Statement dated July 21, 2008, which
involves the acceptance of an arm's length option to acquire from Carl von
Einsiedel, a 100% interest (subject to a 2% net smelter royalty) in the
Adams Plateau silver-lead-zinc property (the Property) consisting of 8
mineral tenures comprising 6,927 hectares located approximately 75
kilometers northeast of Kamloops, British Columbia. In order to earn the
interest in the Property the Company is required to pay $100,000 in cash,
issue a total of 250,000 common shares of the Company at a deemed price of
$0.25 per share, and incur total exploration expenditures on the Property
of $1,000,000, all over the period ending December 31, 2011. A total of
25,000 common shares, out of the 250,000 common shares, were issued and a
cash payment of $10,000 was made, upon Exchange acceptance.
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P # of Shares
Carl von Einsiedel Y 250,000 (1)
Note:
(1) This assumes the issuance of the total number of common shares
issuable to Mr. Von Einsiedel over a four year period, as contemplated by
the transaction.
The Exchange has been advised that the above transaction has been
completed.
For a complete description of the Change of Business and the business of
the Company please refer to the Filing Statement of the Company dated July
21 2008, as filed on SEDAR (www.sedar.com).
The Company is classified as a mining company.
Capitalization: 500,000,000 common shares authorized
with no par value of which 45,177,774
shares are issued and outstanding,
following initial issuance of 25,000
common shares pursuant to the
transaction.
TSX-X
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THREEGOLD RESOURCES INC. ("THG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to
a Purchase Agreement dated November 8, 2007, among Nievex Geoconseil Inc.
(the "Vendor") and the Company, in connection with the purchase by the
Company of a 100% interest in the Mercier Property, consisting of 30
mining claims located approximately 100 km of Senneterre in the province
of Quebec. The transaction is a non arm's length party transaction. Mr.
Antoine Fournier is an insider of Nievex Geoconseil Inc. (Antoine Fournier
is also President of the Company).
The Company is required to issue a total of 100,000 shares upon signature
of the agreement and make a cash payment of $25,000.
The Vendor shall retain a 2 % Net Smelter Royalty of which 1% can be
bought back at $1,500,000.
For further information, please refer to the Company's press release dated
November 21, 2007.
RESSOURCES THREEGOLD INC. ("THG")
TYPE DE BULLETIN: Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN: Le 30 juillet 2008
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de documents en vertu d'une
convention d'achat datee du 8 novembre 2007, entre Nievex Geoconseil Inc.
(le "vendeur") et la societe, relativement a l'acquisition d'un interet de
100 % dans la propriete Mercier, laquelle consiste en 30 claims miniers
situes a une centaine de kilometres de Senneterre dans la province de
Quebec. L'operation constitue une operation aupres d'une personne ayant un
lien de dependance avec la societe. M. Antoine Fournier est un initie de
Nievex Geoconseil Inc. (Antoine Fournier est aussi president de la
societe).
La societe doit emettre un total de 100 000 actions et effectuer un
paiement au comptant de 25 000 $.
Le vendeur conservera une royaute de 2 % du produit net de la vente des
metaux dont 1 % pourra etre rachete au prix de 1 500 000 $.
Pour plus d'information, veuillez-vous referer au communique de presse
emis par la societe le 21 novembre 2007.
TSX-X
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TRANSGLOBE INTERNET AND TELECOM CO., LTD. ("TTI")
BULLETIN TYPE: Sustaining Fees-Resume Trading
BULLETIN DATE: July 30, 2008
TSX Venture Tier 2 Company
Effective at the open, Thursday, July 31, 2008, trading in the shares of
the Company will resume, the Company having paid its Sustaining Fees.
TSX-X
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