TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 7, 2008
TSX Venture Tier 2 Companies
A Cease Trade Order has been issued by the Alberta Securities Commission
on May 7, 2008, against the following Companies for failing to file the
document indicated within the required time period:
Period Ending
Symbol Company Failure to File (Y/M/D)
("KBC") Consolidated Beacon Annual audited 07/12/31
Resources Ltd. financial statements
("SSN") Stetson Oil & Gas Ltd. Annual audited 07/12/31
financial statements
("TAR") Talon International Annual audited 07/12/31
Energy Ltd. financial statements
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.
TSX-X
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BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
A Temporary Cease Trade Order has been issued by the Ontario Securities
Commission May 8, 2008, against the following Company for failing to
file continuous disclosure materials within the required time period:
Period Ending
Symbol Company Failure to File (Y/M/D)
("TFT") Tele-Find Technologies Audited annual 07/12/31
Corp. financial statements
Management's discussion 07/12/31
& analysis
Upon revocation of the Temporary 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.
TSX-X
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ANSELL CAPITAL CORP. ("ACP.P")
BULLETIN TYPE: Halt
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
Effective at the open, May 8, 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 Market Regulation Services, 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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CARDIOCOMM SOLUTIONS, INC. ("EKG")
BULLETIN TYPE: Shares for Debt, Amendment
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
This is to confirm that further to the TSX Venture Exchange bulletin
dated April 25, 2008, the Exchange has been advised by the Company of an
amendment.
The following creditor did not participate in the Share for Debt
transaction:
Insider / Pro Group Participation:
Insider equals Y / Amount Deemed Price
Creditor Progroup equals P / Owing per Share # of Shares
Etienne Grima Y $100,000 $0.30 333,333
TSX-X
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CARDIOCOMM SOLUTIONS, INC. ("EKG")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to the third tranche of a Non-Brokered Private Placement announced
October 17, 2007:
Convertible Debenture: $350,000
Conversion Price: Convertible into units consisting of one
common share and one common share purchase
warrant at $0.1455 per unit.
Maturity date: Automatically convertible into units of the
Issuer four months and one day from the
date of issuance.
Warrants: Each warrant will have a term of two years
from the date of issuance of the notes and
entitle the holder to purchase one common
share. The warrants are exercisable at the
price of $0.25 for a period of two years.
Interest rate: 0%
Number of Placees: 1 placee
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / Principal Amount
Anglo German Progressive Fund I Y $350,000
Finder's Fee: 8% of the total proceeds raised payable in
units to Bolder Investment Partners, Ltd.
where each unit has the same terms as those
in original private placement.
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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CENTRIC ENERGY CORP. ("CTE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced May 2, 2008:
Number of Shares: 8,000,000 shares
Purchase Price: $0.25 per share
Warrants: 4,000,000 share purchase warrants to
purchase 4,000,000 shares
Warrant Exercise Price: $0.45 for a one year period
Number of Placees: 1 placee
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares
Arax Energy Inc.
(Firebird Global Master Fund Ltd.
- James Passin as the Portfolio Manager) Y 8,000,000
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(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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EXPLOR RESOURCES INC. ("EXS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating
to a Purchase Agreement between the Company, Mike Dymont and Jocelyne
Kidston (''the Vendors'') dated April 25, 2008, whereby the Company is
set to acquire 100% of the Vendor's interests in 34 claims located in
the Montrose Township, in the Province of Ontario.
The Company is required to pay $7,500 in cash and issue a total of
50,000 shares within the first year of the agreement.
The Vendor shall retain a 1% Net Smelter Royalty in the property.
For further information, please refer to the Company's press release
dated April 25, 2008.
EXPLOR RESOURCES INC. ("EXS")
TYPE DE BULLETIN: Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN: Le 8 mai 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 entre la societe, Mike Dyment et Jocelyne Kidston
("les vendeurs") datee du 25 avril 2008, selon laquelle la societe
acquerra 100 % de l'interet du vendeur dans 34 claims situes dans le
canton de Montrose, dans la province de l'Ontario.
La societe doit payer 7 500 $ en especes et emettre un total de 50 000
actions des la premiere annee de l'entente.
Le vendeur conservera une royaute de 1 % du produit net de la vente des
metaux.
Pour plus d'information, veuillez vous referer au communique de presse
emis par la societe le 25 avril 2008.
TSX-X
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GENOIL INC. ("GNO")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: May 8, 2008
TSX Venture Tier 1 Company
Private Placement:
# of Warrants: 253,595
Original Expiry Date
of Warrants: April 6, 2007
New Expiry Date
of Warrants: October 6, 2008
Exercise Price
of Warrants: $0.98
These warrants were issued pursuant to a private placement of three
convertible debenture notes ('Notes') totaling $968,825.19 with 322,941
non-transferable share purchase warrants attached, which was accepted
for filing by the Exchange effective October 23, 2006.
Please note that the maturity dates of two of the Notes, with original
principal amounts of $658,785.19 and $102,000, are also being extended
to October 6, 2008. The two Notes are currently valued at $786,599.23
and $121,789.50 respectively, including accrued interest. The
extensions were disclosed in the Company's press release on May 2, 2008.
The warrants and two Notes were previously extended as described in the
Exchange's bulletins dated April 12, 2007 and October 9, 2007. This
will be the final extension permitted for the warrants.
TSX-X
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HIGHBANK RESOURCES LTD. ("HBK")
BULLETIN TYPE: Halt
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
Effective at 9:43 a.m. PST, May 8, 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 Market Regulation
Services, 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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INCA PACIFIC RESOURCES INC. ("IPR")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: May 8, 2008
TSX Venture Tier 1 Company
The Company has closed its financing pursuant to its Prospectus dated
May 2, 2008 which was filed with and accepted by TSX Venture Exchange,
and filed with and receipted by the Securities Commissions of British
Columbia, Alberta, Manitoba and Ontario, pursuant to the provisions of
the applicable securities acts.
TSX Venture Exchange has been advised that closing occurred on May 8,
2008, for gross proceeds of $25,640,000.
Agents: Raymond James Ltd.,
Haywood Securities Inc.
Wellington West Capital Markets Inc.
Offering: 16,025,000 shares
Share Price: $1.60 per share
Agents' Warrants: Non-assignable compensation options which
entitle the Agents to subscribe for, in the
aggregate, up to 6% of the number of Common
Shares issued pursuant to the Offering at
the Offering price
Greenshoe Option: The Agent may over-allot the shares in
connection with this offering and the
Company has granted to the Agents an Over-
Allotment Option, exercisable for a period
of 30 days from the closing of the
Offering, to offer additional Common Shares
equal to up to 10% of the number of Common
Shares issued pursuant to the Offering on
the same terms as set out above to cover
over-allotments, if any, and for market
stabilization purposes.
TSX-X
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JM CAPITAL CORP. ("JMC.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletins dated November 14, 2007 and
February 28, 2008 and the press release of the Company dated May 7, 2008
effective at the open Friday, May 9, 2008, the common shares of the
Company will resume trading, it's proposed Qualifying Transaction with
Tekion Inc. having been terminated.
TSX-X
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JJR II ACQUISITION INC. ("JJR.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated May 6, 2008, effective at
11:16 a.m. PST, May 8, 2008 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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LAKEVIEW HOTEL REAL ESTATE INVESTMENT TRUST ("LHR.DB.D")
BULLETIN TYPE: Prospectus-Debenture Offering
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
Reference is made to our bulletin dated May 7, 2008, with respect to the
listing of the Company's Series D Convertible Debentures (the
"Debentures"). TSX Venture Exchange (the "Exchange") has received
confirmation that the Company has completed its $10,000,000 public
offering of Debentures (the "Offering") prior to the opening of market
on May 8, 2008. Therefore, the Debentures of the Company commenced
trading at the opening of business on Thursday, May 8, 2008.
The details of the Offering and listing of the Debentures are as
follows:
Effective April 28, 2008, the Company's Prospectus dated April 25, 2008
was filed with and accepted by the Exchange, and filed with and
receipted by the Manitoba, Ontario, British Columbia, Alberta,
Saskatchewan, New Brunswick, Nova Scotia, Prince Edward Island, and
Northwest Territories Securities Commissions, pursuant to the provisions
of the respective Securities Acts.
Offering: $10,000,000 (Series D convertible
redeemable subordinated debentures in the
principal amount of $10,000,000 issued in
denominations of $100 (the "Debentures")
Agent(s): Wellington West Capital Inc. on its on
behalf and on behalf of Thomas Weisel
Partners Canada Inc., Blackmont Capital
Inc., Canaccord Capital Corporation and
Dundee Securities Corporation
Agent's Commission: $600,000
Newly Listed - Debentures
Effective at the opening on May 8, 2008, the Debentures of the Company
have commenced trading on TSX Venture Exchange. The Company is
classified as a 'Hotels' company.
Corporate Jurisdiction: Manitoba, Ontario, British Columbia,
Alberta, Saskatchewan, New Brunswick, Nova
Scotia, Prince Edward Island, and Northwest
Territories
Capitalization: $10,000,000 face value are issued and
outstanding
Transfer Agent: CIBC Mellon Trust Company of Canada
Trading Symbol: LHR.DB.D
CUSIP Number: 512223 AD 0
Details of the Debentures:
Maturity Date: May 31, 2013
Redemption: The Debentures will not be redeemable prior
to May 31, 2011. From May 31, 2011 to
maturity, the Debentures will be
redeemable, in whole or in part at the
Company's option
Interest: The Debentures will bear interest at the
rate of 8.5% per annum payable semi-
annually, in cash on May 31 and November
30, with the first interest payment
occurring on November 30, 2008
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
the prior payment in full of all existing
and future senior indebtedness of the
Company.
Conversion: Each Debenture will be convertible, at the
Debentureholder's option, into Trust Units
at any time prior to the close of business
on the earlier of the Maturity Date, or if
called for redemption, on the business day
immediately preceding the date fixed by the
Company for redemption of the Debentures,
at $3.75 per Trust Unit, subject to
adjustment upon the occurrence of certain
events, being a ratio of approximately
26.67 Trust Units per $100 principal amount
of the Debentures.
Clearing and Settlement: The Debentures will clear and settle
through CDS.
Board Lot: The Debentures are in denominations of $100
and will trade in a board lot size of $1000
face value.
For further information, please refer to the Company's Prospectus dated
April 25, 2008.
TSX-X
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LEHMAN TRIKES INC. ("LHT")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: May 8, 2008
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 252,676 shares at a deemed price of $0.272 per share, in
consideration of certain services provided to the company.
Insider / Pro Group Participation:
Insider equals Y / Amount Deemed Price
Creditor Progroup equals P / Owing per Share # of Shares
Daniel W. Patterson Sr. Y $5,000 $0.272 18,382
Leslie Brown Y $10,000 $0.272 36,765
Larry Strilchuk Y $5,000 $0.272 18,382
John Lehman Y $5,000 $0.272 18,382
Marc Rose Y $5,000 $0.272 18,382
James Wild Y $5,000 $0.272 18,382
The Company shall issue a news release when the shares are issued.
TSX-X
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MAXIM RESOURCES INC. ("MXM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced January 31, 2008 and
amended May 6, 2008:
Number of Shares: 308,000 shares
Purchase Price: $0.30 per share
Warrants: 308,000 share purchase warrants to purchase
308,000 shares
Warrant Exercise Price: $0.40 for a one year period
Number of Placees: 4 placees
Finder's Fee: $8,600 cash payable to Pat Finlan
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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MEDALLION RESOURCES LTD. ("MDL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Amendment
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated May 1, 2008, the payment
dates have been amended by the Company, all other terms remain
unchanged:
Total consideration consists of $150,000 in cash payments, 200,000
shares of the Company, and $70,000 in work expenditures as follows:
CASH SHARES WORK EXPENDITURES
Upon Exchange Approval $10,000 50,000 $0
By October 26, 2008 $15,000 50,000 $70,000
By October 26, 2009 $25,000 50,000 $0
By October 26, 2010 $30,000 50,000 $0
By October 26, 2011 $40,000 0 $0
By October 26, 2012 $30,000 0 $0
TSX-X
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STOCKGROUP INFORMATION SYSTEMS INC. ("SWB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced April 30, 2008:
Number of Shares: 3000 Series A Preferred Shares
Purchase Price: US$1000 per Series A Preferred Share. Each
Series A Preferred Share is convertible
into 2200 common shares at a price of
US$0.4545 per common share at any time
commencing 180 days after issuance, and
will convert atomically into common shares
two years after issuance.
Dividend Rate: 7% annual dividend rate
Number of Placees: 1 placee
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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SUN RED CAPITAL CORPORATION ("SSQ.P")
BULLETIN TYPE: Private Placement-Non-Brokered, Remain Halted
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement:
Number of Shares: 4,425,873 shares
Purchase Price: $0.17 per share
Number of Placees: 18 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares
Terry Lo Y 147,058
Finder's Fee: $72,740 payable to Pinnacle Capital (Asia)
Limited
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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WESTERN POTASH CORP. ("WPX")
BULLETIN TYPE: New Listing-IPO-Shares, Correction
BULLETIN DATE: May 8, 2008
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated May 5, 2008, the
Bulletin should have stated that there are a total of 90,345,373 shares
issued and outstanding.
TSX-X
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NEX COMPANIES
PENINSULA RESOURCES LTD. ("PNU.H")
(formerly Nugget Resources Inc. ("NUG.H"))
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: May 8, 2008
NEX Company
Pursuant to a resolution passed by shareholders on December 19, 2007,
the Company has consolidated its capital on a 15 old for 1 new basis.
The name of the Company has also been changed as follows.
Effective at the opening on Friday, May 9, 2008, the common shares of
Peninsula Resources Ltd. will commence trading on TSX Venture Exchange,
and the common shares of Nugget Resources Inc. will be delisted. The
Company is classified as a 'Gold and Silver Mining' company.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
1,006,001 shares are issued and outstanding
Escrow: N/A
Transfer Agent: Pacific Corporate Services Ltd.
Trading Symbol: PNU.H (new)
CUSIP Number: 707178 10 9 (new)
TSX-X
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