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From the Wires
TSX Venture Exchange Daily Bulletins
By: PR Newswire
Feb. 11, 2013 06:06 PM
VANCOUVER, Feb. 11, 2013 /CNW/ - TSX VENTURE COMPANIES:
AMAROK ENERGY INC. ("AMR") Effective December 19, 2012, the Company's Prospectus dated December 19, 2012 was filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Alberta Securities Commission, Ontario Securities Commission, British Columbia Securities Commission and the Manitoba Securities Commission pursuant to the provisions of the Securities Acts. TSX Venture Exchange has been advised that closing occurred on January 7, 2013, for gross proceeds of $21,462,305 (includes the over-allotment).
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BARD VENTURES LTD. ("CBS") Pursuant to a special resolution passed by shareholders January 21, 2013, the Company has consolidated its capital on a 10 old for 1 new basis. The name of the Company has not been changed. Effective at the opening on Tuesday, February 12, 2013, the Bard Ventures Ltd. shares will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Precious Metals Exploration and Development' company.
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BOWMORE EXPLORATION LTD. ("BOW") TSX Venture Exchange has accepted for filing documentation in connection with an addendum dated December 31, 2012 to a property agreement dated August 10, 2010 with respect to 75 claims located in the township of Duverny, QC. The original agreement has been amended to extend the option period by 24 months during which the Company is to incur an aggregate of $2,500,000 on the Property and to revise the amount to be spent each year. Under the terms of the amendment, the Company will pay an additional $100,000 and issue a total of 499,996 common shares on or before December 31, 2016. The original consideration was cash payments totalling $262,500 (of which $112,500 have been paid) and exploration expenditures totalling $2,500,000 over a four year period. Pursuant to the original agreement, Louis Caron received a finder's fee in the amount of $25,000. ________________________________________
BROOKEMONT CAPITAL INC. ("BKT") TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 14, 2013:
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. ________________________________________
BSM TECHNOLOGIES INC. ("GPS") Effective at 9:45 a.m. PST, February 11, 2013, trading in the shares of the Company was halted at the request of the Company, pending news; 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. ________________________________________
CADILLAC VENTURES INC. ("CDC") TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 20, 2012:
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). 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. ________________________________________
CANADIAN OILFIELD SOLUTIONS INC. ("OTS")
These 2,515,000 warrants were issued as a consideration for loan applications, which were reviewed and accepted for filing by the Exchange effective on March 6, 2012 and May 2, 2012. ________________________________________
DURANGO RESOURCES INC. ("DGO") Pursuant to a resolution passed by shareholders December 13, 2012, the Company has consolidated its capital on a 20 old for 1 new basis. The name of the Company has also been changed as follows. Effective at the opening on Tuesday, February 12, 2013, the common shares of Durango Resources Inc. will commence trading on TSX Venture Exchange, and the common shares of Atocha Resources Inc. will be delisted. The Company is classified as a 'Mining' company.
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GOLD REACH RESOURCES LTD. ("GRV") Effective at 6:36 a.m. PST, February 11, 2013, trading in the shares of the Company was halted at the request of the Company, pending news; 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. ________________________________________
GOLD REACH RESOURCES LTD. ("GRV") Effective at 10:45 a.m., PST, February 11, 2013, shares of the Company resumed trading, an announcement having been made. ________________________________________
KINGSLAND ENERGY CORP. ("KLE") TSX Venture Exchange (the "Exchange") has accepted for filing documentation pursuant to an Agreement of Sale and Purchase dated January 29, 2013 (the "Agreement") between the Company and HTC Purenergy Inc. ("HTC"). As per the terms of the Agreement, the Company will acquire the remaining 70% of Enhanced Hydrocarbon Recovery ("EHR") a private company owned by HTC. The original 30% was acquired and accepted by the Exchange on July 30, 2012. In consideration, the Company will issue 6,000,000 shares to HTC at a deemed price of $0.3375 per share and $1,400,000 convertible debenture. The debenture will bear an interest rate of 10% and will be due and payable no later than two years from the date of issuance. The Exchanges notes that disinterested shareholder approval was obtained for this acquisition at a meeting of shareholders held on January 21, 2013. ________________________________________
OREX MINERALS INC. ("REX") TSX Venture Exchange has accepted for filing documentation in connection with an Amended and Restated Arrangement Agreement dated as of December 6, 2012 (the "Agreement") between Orex Minerals Inc. ("Orex") and Astral Mining Corporation ("Astral"). Pursuant to a statutory plan of arrangement (the "Arrangement"), Orex will acquire Astral and, as a result, Astral will become a wholly-owned subsidiary of Orex. Upon completion of the Arrangement, Orex will advance exploration and development of the Barsele Gold Project and Astral's mineral exploration projects. Pursuant to the Arrangement, each Astral shareholder of record will receive for 0.0834 of an Orex common share for each Astral common share held (the "Share Exchange Ratio"). The holders of outstanding Astral stock options will be entitled, upon exercise of the options, to receive Orex common shares in lieu of Astral common shares, except that the exercise price and number of shares that may be purchased pursuant to the stock options of Astral will be adjusted in accordance with the terms of the Astral's stock option plan to reflect the Exchange Ratio, and the Astral stock options will continue to be governed by the Astral Plan. The holders of outstanding Astral share purchase warrants will be entitled, upon exercise of an Astral warrant, to receive Orex common shares, except that the exercise price and number of shares that may be purchased pursuant to the Astral warrant, be adjusted in accordance with the terms of the Astral warrants to reflect the Exchange Ratio. The Exchange has been advised that approval of the Arrangement by shareholders of Astral was received at a meeting of the shareholders held on January 31, 2013 and that approval of the Arrangement was received from the Supreme Court of British Columbia on February 5, 2013. The full particulars of the Arrangement are set forth in Astral's Information Circular dated December 13, 2012 which is available under Astral's profile on SEDAR. Astral and Orex anticipate closing the Arrangement on February 12, 2013. Further information is available in Orex news releases dated October 15, 2012, December 10, 2012, January 21, 2013, February 1, 2013 and February 12, 2013. ______________________________________
PENFOLD CAPITAL ACQUISITION IV CORPORATION ("PLD.P") The shares of the Company were listed on TSX Venture Exchange on March 10, 2011. The Company, which is classified as a Capital Pool Company ('CPC'), is required to complete a Qualifying Transaction ('QT') within 24 months of its date of listing, in accordance with Exchange Policy 2.4. The records of the Exchange indicate that the Company has not yet completed a QT. If the Company fails to complete a QT by its 24-month anniversary date of March 11, 2013, the Company's trading status may be changed to a halt or suspension without further notice, in accordance with Exchange Policy 2.4, Section 14.6. ________________________________________
SANTA FE METALS CORPORATION ("SFM") Pursuant to a special resolution passed by shareholders on December 20, 2012 and the Directors' Resolution dated February 4, 2013, the Company has consolidated its capital on a five (5) old for one (1) new basis. The name of the Company has not been changed. Effective at the opening on Tuesday, February 12, 2013, the shares of Santa Fe Metals Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'Mineral Exploration/Development' company.
________________________________________ NEX COMPANY:
GRANDVIEW GOLD INC. ("GVX.H") Effective at the opening, on Tuesday, February 12, 2013, the shares of the Company will commence trading on NEX. The Company has voluntarily delisted from trading on Toronto Stock Exchange effective at the close on February 11, 2013. The Company no longer meets Toronto Stock Exchange minimum listing requirements and also does not meet the requirements of a TSX Venture Tier 2 company. As of February 12, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. The Company is classified as a 'mining' company.
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