VANCOUVER, BC, Aug. 9, 2023
/CNW/ -
TSX VENTURE COMPANIES
BULLETIN TYPE: Cease Trade Order
BULLETIN
DATE: August 9,
2023
TSX Venture Company
A Cease Trade Order has been issued by the Alberta and Ontario Securities
Commissions on August 8,
2023 against the following company for failing to file the
documents indicated within the required time period:
|
Symbol
|
Tier
|
Company
|
Failure to
File
|
Period
Ending
(Y/M/D)
|
|
WCE
|
2
|
WESCAN ENERGY
CORP.
|
Annual audited
financial statements, annual management's discussion and analysis
and certification of the annual filings for the year.
|
2023/03/31
|
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.
________________________________________
BUZZ CAPITAL INC. ("BUZ.P")
BULLETIN TYPE:
Reinstated for Trading
BULLETIN DATE: August 9, 2023
TSX Venture Tier 2
Company
Further to the Exchange Bulletin dated August 27, 2019, and Buzz Capital Inc.'s (the
"Company") news releases dated April 17,
2023 and August 8, 2023,
effective at the opening, Friday, August
11, 2023, the securities of the Company will be
reinstated to trading.
_______________________________________
SPRUCE RIDGE RESOURCES LTD. ("SHL")
BULLETIN TYPE:
Reinstated for Trading
BULLETIN DATE: August 9, 2023
TSX Venture Tier 2
Company
Further to the TSX Venture Exchange Bulletin dated September 6, 2022, the Exchange has been advised
that the Cease Trade Order issued by the Ontario Securities
Commission on September 2, 2022, has
been revoked.
Effective at the opening, Friday,
August 11, 2023, trading will be reinstated in the
securities of the Company.
______________________________________
WESTERN ALASKA MINERALS
CORP. ("WAM")
BULLETIN TYPE: Substitutional
Listing, Delist
BULLETIN DATE: August 9, 2023
TSX Venture Tier 1
Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for
filing documentation in connection with an amendment to the Notice
of Articles of the Company and a re-identification of securities of
the Company ("Re-identification"), as approved by the Company's
shareholders at the Company's annual general and special meeting
held on July 17, 2023.
Pursuant to the Re-identification, the common shares in the
capital of the Company ("Common Shares") will be re-identified as
subordinate voting shares ("Subordinate Voting Shares"). The rights
and restrictions of the Common Shares will not be changed upon
re-identification to Subordinate Voting Shares.
The full particulars of the Re-identification are set forth in
the Company's amended and restated management information circular
dated June 16, 2023, which is
available under the Company's profile on SEDAR, and the press
release issued on July 18, 2023.
Substitutional Listing:
In accordance with the above-referenced Re-identification, the
Company's shareholders who hold Common Shares will have their
Common Shares re-identified as Subordinate Voting Shares.
Accordingly, the Subordinate Voting Shares will be listed on the
Exchange at the market opening on August
11, 2023.
Capitalization:
Unlimited Subordinate Voting Shares with no par
value of which
26,812,853 Subordinate Voting Shares are issued and
outstanding
Escrowed Shares:
nil
Transfer
Agent:
Odyssey Trust Company
Trading
Symbol:
WAM
(Unchanged)
CUSIP Number:
957598402
(NEW)
Delist:
In conjunction with the Re-identification, the Common Shares of
the Company will be delisted from the Exchange. Accordingly,
effective at the close of business, August 10, 2023, the Common Shares of the
Company will be delisted.
________________________________________
NEX COMPANY:
JINHUA CAPITAL
CORPORATION ("JHC")
[formerly Jinhua
Capital
Corporation ("JHC.H")]
BULLETIN
TYPE: Qualifying Transaction-Completed/New Symbol, Graduation
from NEX to TSX Venture, Consolidation, Private
Placement-Non-Brokered, Resume Trading
BULLETIN DATE:
August 9,
2023
NEX Company
TSX Venture Exchange has accepted for filing Jinhua Capital
Corporation's (the "Company") Qualifying Transaction described in
its Filing Statement dated June 30,
2023. As a result, at the opening on Friday August 11, 2023, the Company will no
longer be considered a Capital Pool Company. The Qualifying
Transaction includes the following:
The acquisition of an option (the "Option") to acquire up to a
100% interest in 54 mineral claims comprising the Pluto Property in
Quebec, pursuant to an option
agreement with Musk Metals Corp ("Musk"). The option may be
exercised by the Company through payment of an aggregate of
$236,648 in cash or shares at a price
of $0.10 per share, or a combination
thereof (at the Company's election) over an 18-month period, and
incurring $750,000 in qualifying
expenditures over a five-year period.
Musk also advanced $226,000 in
cash to fund exploration work on the Pluto Property. The Company
agreed to settle this amount through the issuance of 2,226,000
shares to Musk at a deemed price of $0.10 per share.
The Exchange has been advised that the above transactions have
been completed on August 9, 2023.
GRADUATION FROM NEX, SYMBOL CHANGE
As a result of completing its Qualifying Transaction, the
Company has met the requirements to be listed as a TSX Venture Tier
2 Company. Therefore, effective on Friday,
August 11, 2023, 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 Vancouver.
Effective at the opening, Friday
August 11, 2023, the trading symbol for the Company will
change from JHC.H to JHC.
In addition, the Exchange has accepted for filing the
following:
CONSOLIDATION
Immediately prior to the completion of the Qualifying
Transaction, pursuant to directors' resolution passed on
July 26, 2023, the Company
consolidated its capital on a (2) old for (1) new basis. The name
of the Company has not been changed.
Effective at the opening on August 11,
2023, the shares of Jinhua Capital Corporation will
resume trading on TSX Venture Exchange on a consolidated basis.
PRIVATE PLACEMENT
TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced on
August 1, 2023:
Number of Shares:
5,033,000 shares
Purchase
Price:
$0.10 per share
Warrants:
5,033,000 share purchase warrants to purchase 5,033,000
shares
Warrant Exercise Price:
$0.25 for a two-year period
Number of
Placees:
41 placees
|
Insider / Pro Group
Participation:
|
|
|
|
|
|
|
Placees
|
# of Placee
(s)
|
Aggregate # of
Shares
|
|
|
|
|
Aggregate Existing
Insider Involvement:
|
NA
|
NA
|
|
Aggregate Pro Group
Involvement:
|
NA
|
NA
|
|
Aggregate Cash
Amount
|
Aggregate
#
of
Shares
|
Aggregate
#
of
Warrants
|
|
Finder's
Fee:
|
NA
|
NA
|
NA
|
The Company issued a news release on August
9, 2023 confirming closing of the private
placement. 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.
Post-transaction
Capitalization:
unlimited shares with no par value of which
17,317,059 shares are issued and outstanding
Escrow:
229,500 shares remain
escrowed pursuant to a pre-existing escrow agreement
Transfer Agent:
Computershare Trust Company of Canada
Symbol:
JHC (same but with .H removed)
CUSIP Number:
47759W301
(new)
The Company is classified as a gold and silver ore mining
company (NAICS #212220).
RESUME TRADING
Effective at the opening on Friday,
August 11, 2023, the common shares of the Company will
resume trading.
Company
Contact:
Negar Adam
Company Address:
Suite 2905 – 700 West Georgia
St.
Vancouver, BC V7Y 1C6
Company Phone Number:
604) 646-6906
Company Email Address:
negar@cococapital.ca
________________________________
23/08/09 - TSX
Venture Exchange Bulletins
TSX VENTURE COMPANIES
BARU GOLD CORP. ("BARU")
BULLETIN TYPE:
Resume Trading
BULLETIN DATE: August 9, 2023
TSX Venture Tier 2
Company
Effective at 5:00 a.m. PST,
August 9, 2023, shares of the Company
resumed trading, an announcement having been made.
________________________________________
GRAPHITE ONE INC. ("GPH")
BULLETIN
TYPE: Property-Asset or Share Disposition
Agreement
BULLETIN DATE: August
9, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation
pertaining to an Unsecured Loan Agreement (the "Agreement"), dated
July 17, 2023, among the Company, its
subsidiary, Graphite One (Alaska)
Inc., and arm's length party (the "Lender"), whereby the Company
will obtain up to US$5,000,000
principal amount loan (the "Loan"), which bears interest at 12% per
annum and matures on July 17, 2024
(the "Maturity Date").
Under the terms of the Agreement, the Lender was also granted an
option to purchase a net smelter returns royalty (the "NSR")
interest in 0.25% increments, up to a maximum of 1%, burdening on
certain claims for each US$1,250,000
increment advanced to the Company. The Lender may exercise this
option at any time on or before the Maturity Date. In the event
Lender exercises the option, the outstanding balance shall be
reduced by one increment of US$1,250,000 and associated interest for each
0.25% NSR interest purchased by Lender, beginning with the most
recent advance under the Loan.
For further details, please refer to the Company's news release
dated July 19, 2023.
________________________________________
GUNGNIR RESOURCES
INC. ("GUG")
BULLETIN TYPE:
Warrant Term Extension
BULLETIN DATE: August 9, 2023
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:
5,664,000
Original Expiry Date of
Warrants:
September 10, 2023
New Expiry Date of
Warrants:
September 10, 2024
Exercise Price of
Warrants:
$0.08 (Unchanged)
These warrants were issued pursuant to a private placement of
5,964,000 shares with 5,964,000 share purchase warrants
attached, which was accepted for filing by the Exchange effective
September 13, 2021.
________________________________________
ISIGN MEDIA SOLUTIONS
INC. ("ISD")
BULLETIN TYPE:
Shares for Debt
BULLETIN DATE: August 9, 2023
TSX Venture Tier
2 Company
TSX Venture Exchange has accepted for filing the Company's
proposal to issue 5,378,500 common shares to settle
outstanding debt for $53,785 at a
deemed price of $0.01 per share.
Number of
Creditors:
1 Creditor
Insider / Pro Group Participation:
|
Creditors
|
# of
Creditors
|
Amount
Owing
|
Deemed Price per
Share
|
Aggregate # of
Shares
|
|
Aggregate Non-Arm's
Length Party Involvement:
|
1
|
$53,785
|
$0.01
|
5,378,500
|
For more information, please refer to the Company's press
release dated July 21, 2023.
________________________________________
JADE LEADER CORP. ("JADE")
BULLETIN TYPE:
Warrant Term Extension, Warrant Price Amendment
BULLETIN
DATE: August 9,
2023
TSX Venture Tier
2 Company
Further to TSX Venture Exchange (the
"Exchange") bulletin dated August 27, 2021, the Exchange has consented to
the extension in the expiry date and reduction of the exercise
price of the following warrants, as announced on July 26, 2023:
Private Placement:
# of Warrants to extend:
2,610,150
Original Expiry Date of
Warrants:
August 12, 2023
New Expiry Date of Warrants:
August 12, 2025
# of Warrants eligible to be repriced
2,471,165*
Original Exercise Price of Warrants:
$0.10
New Exercise Price of
Warrants:
$0.06, subject to accelerated
expiry. The Company has added an accelerated clause to the warrants
providing that the term of the warrants will be reduced to 30 days
(the "Reduced Term") in the event the closing price of the
Common Shares on the TSX Venture Exchange exceeds $0.06 by 25% or more for ten consecutive trading
dates (the "Premium Trading Days"). The Reduced Term would
commence on the third business day after the tenth Premium Trading
Day.
*Only 10% of the placement held by insiders is being
repriced.
These warrants were issued pursuant to a private placement of
5,220,300 common shares, with 2,610,150 share purchase warrants
attached, which was accepted for filing by the Exchange effective
August 27, 2021.
For further details, please refer to the Company's news release
dated July 26, 2023.
________________________________________
METAL ENERGY CORP. ("MERG")
BULLETIN
TYPE: Property-Asset or Share Purchase
Agreement
BULLETIN DATE: August 9, 2023
TSX Venture Tier
2 Company
TSX Venture Exchange has accepted for filing, documentation
pertaining to the mining property acquisition agreement (the
"Agreement") entered into on July 8,
2023 between Metal Energy Corp. (the "Company") and an arm's
length vendor (the "Vendor") for the acquisition of 9 mining claims
totaling 189 hectares (the "Property") located in the Thunder Bay-Nipigon area in Ontario, adjacent to the Company's recently
acquired SourceRock property. Pursuant to the terms of the
Agreement, the Company may acquire a 100% interest in the Property
by issuing 1,800,000 common shares and make a cash payment of
$10,000 on closing of the
transaction. Upon completion of the Agreement, the Vendors will
retain a 2.0% gross value royalty on the Property, of which 1.0%
may be purchased by the Company for a cash payment of $1,000,000.
For further details, please refer to the Company's news releases
dated July 17, 2023 and August 9, 2023.
________________________________________
MURCHISON MINERALS LTD. ("MUR")
BULLETIN
TYPE: Private Placement-Non-Brokered
BULLETIN
DATE: August 9,
2023
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation
with respect to a Non-Brokered Private Placement announced on
July 11, 2023:
Number of Shares:
9,000,000 Units, 2,383,850
National Flow Through Units and 11,500,715 Quebec Flow Through
Unis.
Purchase Price:
$0.06 per Unit, $0.065 per National Flow Through Unit, and
$0.07 per Quebec Flow Through
Unit.
Warrants:
11,442,283 share purchase warrants to purchase 11,442,283
shares
Warrant Exercise
Price:
$0.10 for a two-year period
Number of
Placees:
10 placees
Insider / Pro Group Participation:
|
|
|
|
Placees
|
# of Placee
(s)
|
Aggregate # of
Shares
|
|
|
|
|
Aggregate Existing
Insider Involvement:
|
1
|
7,000,000
|
|
Aggregate Pro Group
Involvement:
|
1
|
2,000,000
|
|
Aggregate Cash
Amount
|
Aggregate
#
of
Shares
|
Aggregate
#
of
Warrants
|
|
Finder's
Fee:
|
$57,005
|
N/A
|
636,994
Warrants
|
Finder's Warrants Terms:
Each warrant
entitles the holder to purchase one common share at the price of
$0.10 for period of 24 months from
the date of issuance expiring on July 26,
2025.
The Company issued a news release on July
27, 2023 confirming closing of the private placement. Note
that in certain circumstances the Exchange may later extend the
expiry date of the warrants, if they are less than the maximum
permitted term.
________________________________________
NG ENERGY INTERNATIONAL
CORP. ("GASX")
BULLETIN TYPE:
Property-Asset Purchase Agreement
BULLETIN DATE:
August 9, 2023
TSX Venture
Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with
respect to the arm's length acquisition of an option to acquire 25%
working interest in the VMM39 Block located in the Middle Magdalena
Basin in Colombia; and the option
to further increase its working interest in the VMM39 Block to 50%
by participating in the construction of a second well in the VMM39
Block.
|
CASH
($)
|
SECURITIES
|
WORK EXPENDITURES
($)
|
|
CONSIDERATION
|
$5,500,000
USD
|
6,592,000 Common Shares
at a deemed price of $0.80 per Common Share
|
N/A
|
For further details, please refer to the Company's new releases
dated August 1, 2023 and August 9, 2023.
________________________________________
TARANIS RESOURCES INC. ("TRO")
BULLETIN TYPE:
Shares for Debt
BULLETIN DATE: August 9, 2023
TSX Venture Tier 2
Company
TSX Venture Exchange has accepted for filing the Company's
proposal to issue 1,049,923 shares to settle outstanding debt for
$178,487.
Number of
Creditors:
2 Creditors
Insider / Pro Group Participation:
|
Non-Arm's Length Party
/ Pro Group Participation:
|
|
|
|
|
|
|
Creditors
|
# of
Creditors
|
Amount
Owing
|
Deemed Price per
Share
|
Aggregate # of
Shares
|
|
|
|
|
|
|
Aggregate Non-Arm's
Length Party Involvement:
|
2
|
$178,487.00
|
$0.17
|
1,049,923
|
|
Aggregate Pro Group
Involvement:
|
N/A
|
N/A
|
N/A
|
N/A
|
The Company shall issue a news release when the shares are issued
and the debt extinguished.
________________________________________
WELLFIELD TECHNOLOGIES INC. ("WFLD")
BULLETIN
TYPE: Private Placement-Brokered, Convertible
Debentures
BULLETIN DATE: August 9, 2023
TSX Venture Tier 2
Company
TSX Venture Exchange has accepted for filing documentation
with respect to a Brokered Private Placement announced July 28, 2023:
Convertible
Debenture
1,000 Units for an aggregate of US$1,000,000 (approximately CDN$1,322,500) in outstanding principal amount of
unsecured convertible debentures. Each Unit consisted of a
US$1,000 unsecured convertible
debenture (convertible into 5,290 common shares) and 5,290
detachable warrants.
Conversion
Price:
Convertible into 5,290,000 common shares at CDN$0.25 per share
Maturity Date:
August 3, 2025.
Interest
rate:
5% per annum, paid semi-annually.
Detachable Warrants:
5,290,000 share purchase warrants to purchase
5,290,000 shares
Detachable Warrant Price:
CDN$0.25 exercisable for a period of
two years.
Warrant Acceleration Provision: The Company has the option
to accelerate the expiration date if the 10-day volume-weighted
average share price of the Common Shares on the TSXV exceeds
CDN$0.75, subject to a minimum notice
period of 30 days.
Number of
Placees:
5 placees
|
Insider / Pro Group
Participation:
|
|
|
|
|
|
|
Placees
|
# of Placee
(s)
|
Aggregate # of
Units
|
|
|
|
|
Aggregate Existing
Insider Involvement:
|
1
|
400
|
|
Aggregate Pro Group
Involvement:
|
N/A
|
N/A
|
|
Aggregate Cash
Amount
|
Aggregate
#
of
Shares
|
Aggregate
#
of
Warrants
|
|
Finder's
Fee:
|
N/A
|
N/A
|
N/A
|
The Company issued a news release on August
4, 2023 confirming closing of the private placement.
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.
________________________________________
SOURCE TSX Venture Exchange