VANCOUVER, May 8 /CNW/ -
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 financial 07/12/31
Resources Ltd. statements
("SSN") Stetson Oil & Annual audited financial 07/12/31
Gas Ltd. statements
("TAR") Talon International Annual audited financial
Energy Ltd. statements 07/12/31
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 Audited annual financial 07/12/31
Technologies Corp. 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:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share 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/ No. 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 propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 8 mai 2008
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une
convention d'achat entre la société, Mike Dyment et Jocelyne Kidston ("les
vendeurs") datée du 25 avril 2008, selon laquelle la société acquerra 100 % de
l'intérêt du vendeur dans 34 claims situés dans le canton de Montrose, dans la
province de l'Ontario.
La société doit payer 7 500 $ en espèces et émettre un total de 50 000
actions dès la première année de l'entente.
Le vendeur conservera une royauté de 1 % du produit net de la vente des
métaux.
Pour plus d'information, veuillez vous référer au communiqué de presse
émis par la société 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:
No. 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, 2008May 11, 2001
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, 2008May 11, 2001
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:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share 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/ No. 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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ContactsMarket Information Services at 1-888-873-8392 or email: information@venture.com
