TSX VENTURE COMPANIES
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: March 15, 2010
Re: Payment of Outstanding TSX Venture Exchange Annual Sustaining Fees
This Bulletin is to advise TSX Venture Exchange Issuers that the 2010
annual sustaining fee is now due and payable. As in previous years,
issuers will be subject to additional fees if payment is not received by
March 31, 2010. A fee of 5% of any outstanding sustaining fee will be
charged on a monthly basis to an Issuer for each month that it fails to
submit their fees (the Late Payment Fee). Please refer to Policy 1.3 for
further information regarding the Late Payment Fee.
For Issuers that are currently trading, failure to make payment by April
30, 2010 will result in the Exchange proceeding to halt the Issuers'
securities without further notice. An Issuer halted for failure to pay
the sustaining fee will be subject to the Late Payment Fee and a
processing fee of $250 + GST (and applicable provincial tax) to be
brought back to trade.
If payment is not made within 10 business days of being halted, the
Issuer will be suspended. Once an Issuer is suspended from trading, it
will be subject to a reinstatement review, which must be accompanied by
the Late Payment Fee and the applicable fee of $500 + GST (and applicable
provincial tax).
In May 2010, suspended Issuers with outstanding sustaining fees should
expect to be sent a notice to delist.
Issuers are reminded to check the Company Information tab on the quote
page for their symbol on our web site at www.tsxventure.com to ensure
that the Exchange has the most current contact information on file. Any
updates can be sent to information@tsxventure.com.
If you have any questions, please contact:
(a) If the question relates to the status of the account or copy of the
invoice
Marissa Rimbao
Manager, Accounts Receivable and Collections
TMX Group Inc.
(416) 947-4218
(b) If the question relates to other receivables or credits on account
Carol-Ann Edwards
Analyst
TSX Venture Exchange
(403) 218-2814
(c) If the question relates to non-payment of the fees and the notice to
delist
Joanne Butz
Team Manager, Compliance and Disclosure
TSX Venture Exchange
(403) 218-2820
TYPE DE BULLETIN : Avis aux emetteurs
DATE DU BULLETIN : Le 15 mars 2010
Objet : Paiement des droits de maintien de l'inscription annuels a la
Bourse de croissance TSX qui sont dus
Le present bulletin a pour objet d'informer les emetteurs inscrits a la
Bourse de croissance TSX que les droits de maintien de l'inscription pour
2010 (droits de maintien) sont maintenant dus. Comme pour les annees
passees, les emetteurs sont sujets a des droits additionnels dans
l'eventualite ou les droits de maintien n'ont pas ete acquittes d'ici le
31 mars 2010. Des droits s'etablissant a 5 % des droits de maintien de
l'inscription en souffrance seront factures chaque mois aux emetteurs
pour chacun des mois a l'egard desquels ils font defaut d'acquitter ces
droits (les "frais de retard"). Veuillez referer a la Politique 1.3 pour
de plus amples renseignements relativement aux frais de retard.
Les emetteurs dont les titres sont actuellement negocies a la Bourse et
qui font defaut d'acquitter les droits requis d'ici le 30 avril 2010
verront leurs titres faire l'objet d'un arret de la negociation par la
Bourse, et ce, sans autre preavis. Les emetteurs dont les titres font
l'objet d'un arret de la negociation pour defaut de paiement des droits
de maintien de l'inscription devront acquitter les frais de retard et des
droits de traitement de 250 $ plus la TPS (et toute autre taxe
provinciale applicable) pour reprendre les negociations.
Si le paiement n'est pas fait dans les 10 jours ouvrables suivant l'arret
de la negociation, l'emetteur sera suspendu. Un emetteur suspendu est
assujetti a un examen de readmission, il devra alors acquitter les frais
de retard ainsi que des droits d'examen de 500 $ plus la TPS (et toute
autre taxe provinciale applicable).
Les emetteurs suspendus qui ont des droits de maintien en souffrance
recevront un avis de radiation en mai 2010.
Nous rappelons aux emetteurs qu'ils doivent s'assurer que les coordonnees
que nous avons au dossier sont a jour en verifiant sous l'onglet
"Renseignements sur la societe" qu'ils trouveront a la page de leur
symbole boursier sur le site Web de la Bourse, a www.tsxventure.com. Les
mises a jour peuvent etre envoyees a information@tsxventure.com.
Veuillez communiquer avec l'une des personnes suivantes si vous avez des
questions au sujet de ce qui suit :
(a) Etat de compte ou copie d'une facture
Marissa Rimbao
Coordonnatrice, Comptes a recevoir et recouvrement
Groupe TMX inc.
(416) 947-4218
(b) Debiteurs et credits
Carol-Ann Edwards
Analyste
Bourse de croissance TSX
(403) 218-2814
(c) Non-paiement des droits et avis de radiation
Joanne Butz
Chef d'equipe, Conformite et communication d'information
Bourse de croissance TSX
(403) 218-2820
TSX-X
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AMSECO EXPLORATION LTD. ("AEL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating
to a Property Acquisition Agreement dated March 5, 2010, whereby the
Company may acquire a 100% interest in two claim blocks of the Urban-
Oasis Property located in the Carpiquet Township, near Lebel-sur-
Quevillon, in the province of Quebec.
In order to obtain the 100% interest, the Company is required to issue
300,000 common shares, within the first year upon signing and pay $6,000
in cash to the Vendors.
The Vendors will retain a 1.5% Net Smelter Royalty where one-third (0.5%)
of which may be repurchased for a sum of $200,000.
For further information, please refer to the Company's press release
dated March 11, 2010.
EXPLORATION AMSECO LTEE ("AEL")
TYPE DE BULLETIN : Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN : Le 15 mars 2010
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de documents relativement a
une convention d'achat de propriete datee du 5 mars 2010, selon laquelle
la societe peut acquerir un interet de 100 % dans les deux blocs de
claims de la propriete de Urban-Oasis, situee dans le canton de
"Carpiquet", pres de Lebel-sur-Quevillon dans la province du Quebec.
Afin d'acquerir 100 % de l'interet, la societe doit emettre 300 000
actions pendant la premiere annee suite a la signature et effectuer un
paiement en especes de 6 000 $ aux vendeurs.
Les vendeurs conserveront une royaute "NSR" de 1,5 % dont un tiers (0,5
%) peut-etre rachetee pour une somme de 200 000 $.
Pour plus d'information, veuillez vous referer au communique de presse
emis par la societe le 11 mars 2010.
TSX-X
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COPPER RIDGE EXPLORATIONS INC. ("KRX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Property Purchase
Agreement dated January 13, 2010 among Copper Ridge Explorations Inc.
(the "Company"), Cuesta Del Cobre, S.A. De C.V., Andina Minerals Inc. and
Minera Aguila, S.A.De C.V. and Agreement dated February 3rd, 2010 between
Cuesta Del Cobre, S.A. De C.V. and Minera Aguila, S.A. De C.V.
(subsidiary of Andina Minerals Inc.), whereby the Company is to acquire a
100% title and interest in the mining concessions known as the Quitovac
gold deposit, located in Sonora, Mexico (the "Quitovac Property"). In
consideration, the Company will pay $60,000 and issue 95,000 common
shares to Andina Minerals Inc. and $5,000 to Minera Aguila, S.A. de C.V.
If the Quitovac Property is placed into production, the Company will pay
an additional $500,000 and issue 35,000 shares to Andina Minerals Inc.
TSX-X
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ENSECO ENERGY SERVICES CORP. ("ENS")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 15, 2010
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Brokered Private Placement announced January 25, February 1, and
February 12, 2010:
Number of Shares: 40,000,000 Units
(Each Unit consists of one common share and
one-half of one share purchase warrant.)
Purchase Price: $0.20 per Unit
Warrants: 20,000,000 share purchase warrants to purchase
20,000,000 shares
Warrant Exercise Price: $0.25 for a one year period
Number of Placees: 15 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Units
ABC American Value Fund Y 7,250,000
ABC American Deep Value Fund Y 7,250,000
ABC Dirt Cheap Stock Fund Y 7,250,000
Agent's Fee: $288,000 payable to Desjardins Securities Inc.
$72,000 payable to FirstEnergy Capital Corp.
$72,000 payable to Wellington West Capital
Inc.
$48,000 payable to Acumen Capital Finance
Partners Limited
TSX-X
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GALORE RESOURCES INC. ("GRI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced February 10, 2010:
Number of Shares: 7,666,667 shares
Purchase Price: $0.15 per share
Warrants: 7,666,667 share purchase warrants to purchase
7,666,667 shares
Warrant Exercise Price: $0.25 for a two year period
Number of Placees: 24 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Michael Byrne Ltd. (Michael
Byrne) Y 1,465,000
Michael Byrne Y 266,500
Torresan Communications Inc.
(Ray & Jane Torresan) Y 50,000
Ian MacPherson P 40,000
Raymond Martin P 100,000
Finders' Fees: $49,680 and 414,000 finder's compensation
options payable to Presidio Financial Services
Inc.
$15,120 and 126,000 finder's compensation
options payable to Canaccord Capital Corp.
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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HY-DRIVE TECHNOLOGIES LTD. ("HGS")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: March 15, 2010
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 100,000 share purchase warrants to settle outstanding debt for
US$35,000.
Number of Creditors: 1 Creditor
Warrants: 100,000 share purchase warrants to purchase
100,000 shares
Warrant Exercise Price: $0.494 for a two year period
The Company shall issue a news release when the warrants are issued and
the debt extinguished.
TSX-X
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KOBEX MINERALS INC. ("KXM.WT.A")
BULLETIN TYPE: Warrant Expiry-Delist, Correction
BULLETIN DATE: March 15, 2010
TSX Venture Tier 1 Company
Further to the Bulletin dated March 12, 2010, the Bulletin should have
read as follows:
Effective at the opening, March 17, 2010, the Share Purchase Warrants of
the Company will trade for cash. The Warrants expire March 22, 2010 and
will therefore be delisted at the close of business March 22, 2010.
TRADE DATES
March 17, 2010 - TO SETTLE - March 18, 2010
March 18, 2010 - TO SETTLE - March 19, 2010
March 19, 2010 - TO SETTLE - March 22, 2010
March 22, 2010 - TO SETTLE - March 22, 2010
The above is in compliance with Trading Rule C.2.18 - Expiry Date:
Trading in the warrants shall be for cash for the three trading days
preceding the expiry date and also on expiry date. On the expiry date,
trading shall cease at 12 o'clock noon E.T. and no transactions shall
take place thereafter except with permission of the Exchange.
TSX-X
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LION ENERGY CORP. ("LEO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to
a farm-in agreement between Lion Energy Corp. (the "Company") and Africa
Oil Corp. ("Africa Oil"), a Tier 2 TSX Venture Company, whereby the
Company has the right to earn an interest in three petroleum blocks
located in the Republic of Kenya and two petroleum blocks located in
Puntiland, Somalia.
With regards to the three petroleum blocks located in Kenya, Africa Oil
will transfer to the Company a 10% interest in the Block 9 Production
Sharing Agreement, a 25% license interest in the Block 10A Production
Sharing Contract and a 20% interest in Block 10BB Production Sharing
Contract. Under the terms of the Block 9 PSA, with the drilling of the
Bogal-1 well, which is currently continuing, the Company and its partners
have fulfilled and exceeded the minimum work and financial obligations of
the initial exploration period. As consideration for farming into Block
9, the Company has agreed to finance 33.3333 per cent (to a maximum of
$5-million (U.S.)) of Africa Oil's obligation to pay 40% of exploration
costs incurred under the JOA in respect of Block 9. The Company will be
responsible for financing its working interest share of all other joint
operating expenses.
Under the terms of the Block 10A PSC, the initial four-year exploration
period expires in October, 2011, the Company and its partners are
obligated to complete G&G operations (including acquisition of 750
kilometers of 2-D seismic) with a minimum expenditure of $7.8-million.
Additionally, the Company and its partners are required to drill one
exploration well with a minimum expenditure of $8.5-million. As
consideration for farming into Block 10A, the Company has agreed to
finance 50 per cent (to a maximum of $4-million (U.S.)) of future joint
operating expenses in the performance of a seismic program. The Company
will be responsible for financing its working interest share of all other
joint operating expenses.
In accordance with the terms of the Block 10BB PSC, the initial
exploration period expires in January, 2012, the Company and its partners
are obligated to complete G&G operations (including acquisition of 200
kilometers of 2-D seismic and 200 square kilometers of 3-D seismic) with
a minimum expenditure of $6-million gross. In addition, the Company is
required to drill one exploration well with a minimum expenditure of $6-
million. As consideration for farming into Block 10BB, the Company has
agreed to finance 40 per cent (to a maximum of $6-million (U.S.)) of
future joint operating expenses in the performance of a seismic program
and drilling of one exploration well. The Company will be responsible for
financing its working interest share of all other joint operating
expenses.
Under the terms of the PSAs for the Nugaal and Dharoor blocks, located in
Somalia, the Company and its partners are required to drill one
exploration well in each block during each exploration period. The first
exploration period expires in January, 2011, and the second optional
three-year exploration period would be expected to expire in January,
2014. During the exploration period on both the Dharoor and Nugaal
blocks, the Company and its partners are obligated to complete G&G
operations (including geological fieldwork, geochemical surveys,
reprocessing seismic). In addition, the Company and its partners are
required to drill one exploration well during each of the two exploration
periods, with a minimum expenditure of $5-million during each exploration
period. As consideration for farming into the Dharoor and Nugaal blocks,
the Company has agreed to finance 30 per cent (to a maximum of $5.1-
million (U.S.)) of the first $17-million (U.S.) of future JOA costs
incurred in drilling one exploration well on each of the Dharoor and
Nugaal blocks. The Company will be responsible for financing its working
interest share of all other joint operating expenses.
Insider / Pro Group
Participation: N/A
TSX-X
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MIRANDA GOLD CORP. ("MAD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced February 4, 2010 and
amended March 4, 2010:
Number of Shares: 5,686,492 shares
Purchase Price: $0.65 per share
Warrants: 5,686,492 share purchase warrants to purchase
5,686,492 shares
Warrant Exercise Price: $1.00 for a two year period
Number of Placees: 87 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
The Ristorcelli Revocable
Trust (Steve Ristorcelli) Y 20,000
Ian Slater Y 10,000
Joseph P. Hebert Y 5,000
John Gyorody P 35,000
Dennis Higgs Y 100,000
James F. Cragg Y 19,492
Kenneth D. Cunningham Y 40,000
G. Ross McDonald Y 10,000
Finders' Fees: $3,217.50 cash payable to Haywood Securities
Inc.
$9,873.50 cash payable to Canaccord Financial
Ltd.
5,950 finder's shares payable to CIBC World
Markets
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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NEW HORIZON URANIUM CORPORATION ("NHU")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated March 10, 2010, effective
at 7:05 a.m. PST, March 15, 2010 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 Takeover pursuant to
Listings Policy 5.2.
TSX-X
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OPAWICA EXPLORATIONS INC. ("OPW")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced March 12, 2010:
Number of Shares: 4,075,000 flow-through shares and 1,160,000
non flow-through shares
Purchase Price: $0.08 per flow-through share and $0.07 per non
flow-through share
Warrants: 5,235,000 share purchase warrants to purchase
5,235,000 shares
Warrant Exercise Price: $0.10 for a one year period
Number of Placees: 13 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Michael Meyers Y 625,000 FT
Paul Antoniazzi Y 62,500 FT
Fred Kiernicki Y 62,500 FT
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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PRO-OR INC. (RESSOURCES MINIERES) ("POI")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted to extend the expiry date of the
following warrants:
Number of Warrants: 4,000,000
Original Expiry Date of
Warrants: March 23, 2010
New Expiry Date of
Warrants: March 23, 2011
Exercise Price of
Warrants: $0.20
These warrants were issued under a private placement including a total of
4,000,000 shares and 4,000,000 warrants, which was accepted for filing by
TSX Venture Exchange (the "Exchange"), effective on March 26, 2009.
RESSOURCES MINIERES PRO-OR INC. ("POI")
TYPE DE BULLETIN: Prolongation des bons de souscription
DATE DU BULLETIN: Le 15 mars 2010
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte de prolonger la date d'echeance des
bons de souscription suivants :
Nombre de bons : 4 000 000
Date initiale d'echeance
des bons : Le 23 mars 2010
Nouvelle date d'echeance
des bons : Le 23 mars 2011
Prix d'exercice des bons : 0,20 $
Ces bons ont ete emis en vertu d'un placement prive comprenant 4 000 000
d'actions et 4 000 000 de bons de souscription, tel qu'accepte par Bourse
de croissance TSX (la "Bourse") le 26 mars 2009.
TSX-X
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of
an Option Agreement dated September 10, 2009 between the Company and
Edward J. Lilley and Jayce Murtagh (collectively, the "Optionors")
whereby the Company may acquire a 100% in the Jed Claims located in the
Sixty Mile Area, Yukon.
The consideration payable to the Optionors consists of share issuances
totaling $33,600 (having a deemed minimum floor price of $0.36 per share)
payable over a four year period.
The Optionors will retain a 2.5% Net Smelter Return Royalty which can be
reduced to 1.5% at any time upon the Company paying $1,000,000 to the
Optionors.
TSX-X
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of
an Option Agreement dated October 20, 2009 between the Company and Karen
Hawker, Frank Hawker, Melanie Hawker and David Lanphear (the "Optionors")
whereby the Company may acquire a 100% interest in the Kurt 1, Kurt 2,
Kurt 3 and Kurt 4 Claims located in the Sixty Mile Area, Yukon.
The consideration payable to the Optionors consists of share issuances
totaling $8,400 ($2,100 each. A maximum of 5,833 shares to each Optionor
at a deemed price of $0.36 per share) payable over a four year period.
The Optionors will retain a 2.5% Net Smelter Return Royalty.
TSX-X
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of
an Option Agreement dated September 17, 2009 between the Company and
Stuart Schmidt and Michael McDougall (collectively, the "Optionors")
whereby the Company may acquire a 100% in the Bud & Mike Claims located
in the Sixty Mile Area, Yukon.
The consideration payable to the Optionors consists of share issuances
totaling $92,400 (a maximum of 256,666 shares at a deemed price/floor
price of $0.36 per share) payable over a four year period.
The Optionors will retain a 2.5% Net Smelter Return Royalty, which can be
reduced to 1.5% at any time upon the Company paying $1,000,000 to the
Optionor.
TSX-X
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of
an Option Agreement dated September 10, 2009 between the Company and
Jayce Murtagh (the "Optionor") whereby the Company may acquire a 100% in
the Andrea Claims located in the Sixty Mile Area, Yukon.
The consideration payable to the Optionor consists of share issuances
totaling $8,400 (having a deemed minimum floor price of $0.36 per share)
payable over a four year period.
The Optionor will retain a 2.5% Net Smelter Return Royalty.
TSX-X
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of
an Option Agreement dated September 8, 2009 between the Company and the
Estate of John Peter Ross (the "Optionor") whereby the Company may
acquire a 100% in the Cici, Creek & Uni Claims located in the Sixty Mile
Area, Yukon.
The consideration payable to the Optionor consists of share issuances
totaling $134,400 (having a deemed minimum floor price of $0.36 per
share) payable over a four year period.
The Optionors will retain a 2.5% Net Smelter Return Royalty which can be
reduced to 1.5% at any time upon the Company paying $1,000,000 to the
Optionors.
TSX-X
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RADIUS GOLD INC. ("RDU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of
an Option Agreement dated September 17, 2009 between the Company and
Frank Hawker, Stuart Schmidt and Michael McDougall (collectively, the
"Optionors") whereby the Company may acquire a 100% in the SMF Claims
located in the Sixty Mile Area, Yukon.
The consideration payable to the Optionors consists of share issuances
totaling $37,800 (a maximum of 105,000 shares at a deemed price of $0.36
per share) payable over a four year period.
The Optionors will retain a 2.5% Net Smelter Return Royalty, which can be
reduced to 1.5% at any time upon the Company paying $1,000,000 to the
Optionor.
TSX-X
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RAINY RIVER RESOURCES LTD. ("RR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Correction
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
Further to the bulletin dated March 12, 2010, TSX Venture Exchange has
corrected the acceptance of documentation pertaining to an option
agreement. The amendment corrects the number of shares to be issued, as
follows:
A purchase option agreement dated March 3, 2010 between Rainy River
Resources Ltd. and Perry English for Rubicon Minerals Corporation,
pursuant to which the Company has an option to acquire a 100% interest in
four mineral claims comprising of 4 units located in the Tait Township,
Ontario. The total consideration is $110,000 in cash payments, and 50,000
shares of the Company, as follows:
CUMMULATIVE
DATE CASH SHARES WORK EXPENDITURES
Year 1 $10,000 10,000 nil
Year 2 $20,000 10,000 nil
Year 3 $20,000 10,000 nil
Year 4 $20,000 10,000 nil
Year 5 $40,000 10,000 nil
In addition, there is a 2% net smelter return relating to the
acquisition. The Company may, at any time, purchase 1% of the net smelter
return for $1,000,000.
TSX-X
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RICHARDS OIL & GAS LIMITED ("RIX")
BULLETIN TYPE: Suspend-Failure to Maintain a Transfer Agent
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated March 4, 2010,
effective at the opening Tuesday, March 16, 2010, trading in the shares
of the Company will be suspended, the Company having failed to maintain
the services of a transfer agent in accordance with Policy 3.1.
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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SOLDI VENTURES INC. ("SOV")
(formerly Soldi Ventures Inc. ("SOV.P"))
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private
Placement-Non-Brokered, Resume Trading
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Qualifying
Transaction described in its Filing Statement dated February 12, 2010. As
a result, at the opening on March 16, 2010, the Company will no longer be
considered a Capital Pool Company. The Qualifying Transaction includes
the following:
Property-Asset or Share Purchase Agreement:
TSX Venture Exchange has accepted for filing a property option agreement
dated May 19, 2009 between Rubicon Minerals Corp. and the Company. The
Company has acquired the right to earn a 100% interest in the Flint Lake
Property located in the Kenora Mining Division, Ontario. To earn its
interest, the Company must pay $25,000 and issue 400,000 share over 3
years.
The Property is subject to a 1.5% net smelter return royalty. The Company
may acquire 0.05% at any time for the payment of $1,000,000.
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced January 4, 2010:
Number of Shares: 3,000,000 shares
Purchase Price: $0.10 per share
Warrants: 3,000,000 share purchase warrants to purchase
3,000,000 shares
Warrant Exercise Price: $0.11 for a one year period
$0.15 in the second year
Number of Placees: 24 placees
Finder's Fee: $24,300 and 243,000 warrants payable to PI
Financial Corp. and $1,500 and 15,000 warrants
payable to Bolder Investment Partners.
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). 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 Exchange has been advised that the above transactions have been
completed.
Resume Trading:
The common shares of the Company have been halted from trading since May
20, 2009, pending completion of a Qualifying Transaction.
Effective at the opening Tuesday, March 16, 2010, trading in the shares
of the Company will resume.
Capitalization: Unlimited shares with no par value of which
9,205,000 shares are issued and outstanding
Escrow: 2,000,000 CPC Escrow Shares
Symbol: SOV (same symbol as CPC but with .P removed)
The Company is classified as a "Mineral Exploration" company.
Company Contact: Charles Desjardins
Company Address: 430-609 Granville Street
Vancouver, BC V7Y 1G5
Company Phone Number: (604) 683-5445
Company Fax Number: (604) 687-9631
Company Email Address: charles@solitaireminerals.com
For further information please refer to the Company's Filing Statement
dated February 12, 2010.
TSX-X
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VALDEZ GOLD INC. ("VAZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced February 10, 2010:
Number of Shares: 7,500,000 flow-through shares
Purchase Price: $0.12 per share
Number of Placees: 5 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Orest Zajcew Y 100,000
Steven Pearl P 167,000
0764704 B.C. Ltd.
(Dundee Corporation)
(Ned Goodman) Y/P 7,125,000
For further details, please refer to the Company's news release dated
March 10, 2010.
TSX-X
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Z-GOLD EXPLORATION INC. ("ZGG")
(formerly Nano Capital Corp. ("NON.P"))
BULLETIN TYPE: Reinstated For Trading, Qualifying Transaction-
Completed/New Symbol, Private Placement-Non-Brokered, Name Change, CPC-
Information Circular
BULLETIN DATE: March 15, 2010
TSX Venture Tier 2 Company
Reinstated For Trading:
Further to TSX Venture Exchange Bulletin dated November 2, 2009, the
Company has now completed its Qualifying Transaction.
Effective at the opening Tuesday, March 16, 2010, trading will be
reinstated in the securities of Z-Gold Exploration Inc., the Resulting
Issuer formed upon completion of the Qualifying Transaction, as set forth
below. (CUSIP # 988771 10 1).
Qualifying Transaction-Completed:
TSX Venture Exchange has accepted for filing the Company's Qualifying
Transaction described in its Management Information Circular dated
January 29, 2010. As a result, at the opening on March 16, 2010, the
Company will no longer be considered a Capital Pool Company. The
Qualifying Transaction involves the acquisition from 1527805 Ontario Inc.
(the Vendor) of certain mineral leases and claims located in south
central Munro Township in Ontario, whereby the Company issued 3,000,000
common shares to the Vendor at a deemed price of $0.20 per share for
aggregate deemed consideration of $600,000.
Upon completion of the Acquisition and related transactions, a total of
4,233,336 Common Shares will be subject to escrow, with 1,233,336 Common
Shares subject to a CPC escrow agreement, and an additional 3,000,000
Common Shares, subject to a Tier 2 Value Escrow Agreement.
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
1527805 Ontario Inc. Y 3,000,000
(Donald Rickard)
In addition, the Exchange has accepted for filing the following:
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced January 28 and February 26,
2010:
Number of Shares: 515,000 common shares
1,580,000 common shares issued on a flow-
through basis
Purchase Price: $0.20 per share
Warrants: 1,047,500 share purchase warrants to purchase
1,047,500 common shares
Warrant Exercise Price: $0.26 per share until March 5, 2012
Number of Placees: 10 placees
Insider / Pro Group Participation:
Insider=Y / # of Shares
Name ProGroup=P / (flow-through)
MineralFields 2010 Super
Flow-Through LP Y 825,000
MineralFields 2010-II Super
Flow-Through LP Y 175,000
Finder's Fee: payable to Limited Market Dealer Inc. as to
$10,000 and a finder's fee option to purchase
100,000 units of the Company, each unit
exercisable at $0.20 per unit until March 5,
2012. Each unit is comprised of one common
share and one-half of one warrant, with each
warrant exercisable at $0.26 per share until
March 5, 2012.
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). 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.
Name Change:
Pursuant to a resolution passed by shareholders February 26, 2010, the
Company has changed its name from Nano Capital Corp. to Z-Gold
Exploration Inc. There is no consolidation of capital.
Effective at the opening Tuesday, March 16, 2010, the common shares of Z-
Gold Exploration Inc. will commence trading on TSX Venture Exchange, and
the common shares of Nano Capital Corp. will be delisted.
The Company is classified as a "mining" company.
CPC-Information Circular:
Effective January 29, 2010, TSX Venture Exchange accepted for filing the
Company's CPC Information Circular dated January 29, 2010, for the
purpose of mailing to the respective Company's shareholders and filing on
SEDAR.
The Exchange has been advised that the above transactions have been
completed.
Capitalization: Unlimited common shares with no par value of
which 8,328,336 common shares are issued and
outstanding
Escrow: 4,233,336 common shares will be subject to
escrow, with 1,233,336 common shares subject
to a CPC escrow agreement, and an additional
3,000,000 common shares, subject to a Tier 2
Value Escrow Agreement.
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: ZGG (new)
CUSIP Number: 988771 10 1 (new)
Company Contact: Rodrigue Tremblay
President and Chief Executive Officer
Company Address: 15, Gamble Street East, Suite 204
Rouyn-Noranda, Quebec J9X 3B6
Company Phone Number: (800) 388-8668
Company Fax Number: (819) 797-6050
TSX-X
-------------------------------------------------------------------------
NEX COMPANIES
OCEAN PARK VENTURES CORP. ("OCP")
(formerly Ocean Park Ventures Corp. ("OCP.H"))
BULLETIN TYPE: Graduation from NEX to TSX Venture, Symbol Change, Change
of Business
BULLETIN DATE: March 15, 2010
NEX Company
Graduation from NEX to TSX Venture:
Ocean Park Ventures Corp (the "Company" or "Ocean Park") has met the
requirements to be listed as a TSX Venture Tier 2 Company. Therefore,
effective on Tuesday March 16, 2010, the Company's listing will transfer
from NEX to TSX Venture, the Company's Tier classification will change
from NEX to Tier 2 and the Filing and Service Office will change from NEX
to TSX Venture Vancouver.
Effective at the opening Tuesday, March 16, 2010, the trading symbol for
the Company will change from OCP.H to OCP.
Capitalization: Unlimited shares with no par value of which
40,232,315 shares are issued and outstanding
Escrow: Nil
Change of Business:
TSX Venture Exchange has accepted for filing the Company's Change of
Business, which includes the acceptance of the following transactions:
The Joint Venture Transaction Agreement with International Tower Hill
Mines Ltd ("ITH"), Raven Gold Alaska Inc., ("Raven"), and Talon Gold
Alaska, Inc ("Talon"), both wholly-owned subsidiaries of ITH, whereby
Ocean Park Ventures Corp ( the "Company") through wholly owned subsidiary
Ocean Park Alaska Corp. ("OPAC") will have an initial 51% interest in the
Joint Venture to explore the Chisna Property, Alaska.
In consideration of the Joint Venture, Ocean Park will:
- issue 1,000,000 common shares in its capital stock over a four-year
period to ITH, and
- through OPAC contribute an aggregate of US$20,000,000 over a five-year
period in exploration expenditures.
After completion of the share issuances and expenditures, the OPAC will
have an option to acquire an additional undivided nineteen (19%) percent
interest in the Joint Venture by:
- delivering to the management committee, a positive feasibility study
which supports a 300,000 ounce per year of gold equivalent mining
operation, and
- funding all exploration expenditures in connection with the Chisna
Property until the delivery of the feasibility study.
If OPAC elects not to acquire the additional 19% or fails to deliver a
positive feasibility study that supports a 300,000 ounce per year gold
equivalent mining operation, then the future interests in the Joint
Venture will be based on the proportion of exploration expenditures by
OPAC and Raven.
A finder's fee of 907,429 common shares of Ocean Park is issuable to
Axemen Resource Capital Ltd., timed in accordance with consideration.
The transaction has closed on Monday March 15, 2010.
The Company is classified as a 'Mining Exploration' company.
Company Contact: Donald Gee
Company Address: Suite 1620 - 609 Granville St.
Vancouver, BC V7Y 1C3
Company Phone Number: 778-331-8505
Company Fax Number: 1-866-824-8321
Company Email Address: donald1956@shaw.ca
TSX-X
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THEMAC RESOURCES GROUP LIMITED ("MAC.H")
BULLETIN TYPE: Halt
BULLETIN DATE: March 15, 2010
NEX Company
Effective at 10:06 a.m. PST, March 15, 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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