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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tearlach Resources Limited | TSXV:TEA | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.025 | 0.02 | 0.025 | 0.025 | 0.025 | 0.025 | 10,000 | 14:30:00 |
08/10/20 - TSX Venture Exchange Daily Bulletins TSX VENTURE COMPANIES BULLETIN TYPE: Notice to Issuers BULLETIN DATE: October 20, 2008 Re: Restated Deal Structure and Founder Shares Guidelines Background The TSX Venture Exchange (the "Exchange"), in a bulletin published on December 11, 2007, set out capital structure guidelines for non-CPC issuers having issued, prior to listing, securities to principals or third parties for nominal consideration (the "Deal Structure and Founder Shares Guidelines"). The Exchange may vary these guidelines from time to time, at the election of the Exchange, in response to general market conditions. Founder Shares Guidelines which are varied will be restated with amendments underlined for issuer ease of reference. This bulletin is the first restated and amended Deal Structure and Founder Shares Guidelines and supersedes those guidelines published on December 11, 2007. The purpose of the amendments in these restated and amended guidelines is to reduce the threshold of an acceptable financing from $10 million to $5 million and to clarify further what is considered by the Exchange to be an acceptable supporting valuation. Amendments to Policy Effective Date The principles underlying the guidelines set out in this bulletin will be contained in an amended Exchange Policy 2.1 which the Exchange expects to issue in its next revision. The information set out in this bulletin should be used as additional guidance by market participants in determining whether the capital structure of an issuer will be acceptable to the Exchange. The concepts set out in this bulletin will be applied by the Exchange to new listing submissions (including listing submissions involving IPOs, RTOs or QTs) effective from the date of this bulletin. Exchange staff will continue to work with market participants to ensure their deal structures are acceptable and encourage issuers to pre-file their submissions accordingly. The contents of this bulletin do not otherwise affect any existing listing requirements contained in Exchange policies. General Concept The Exchange will not object to certain transactions where the amount of "Founder Shares", as defined below, equals, or falls below, a determined threshold. Founder Shares Founder Shares means any security issued, or proposed to be issued, to: (i) any person for less than $0.05 per security; (ii) a party related to the issuer for the purchase of an asset which cannot be acceptably valued under sections 4.2(a), (b), (c), (d), (e), (f), (g) or (i) of Exchange Policy 5.4; (iii) a principal to settle a debt or obligation for less than the last price per security which the security was issued for or at a price per security which the Exchange does not consider reasonable given the circumstances; or (iv) a principal for the primary purpose of increasing that principal's interest in the issuer without a corresponding tangible benefit to the issuer. The Exchange will consider the number of Founder Shares in the aggregate in determining whether a transaction structure is acceptable under this bulletin and the amended policy. In addition, the final determination on whether a person is or is not a principal or a party related to the issuer will be that of the Exchange, using its discretion and based upon the particular facts of the submission and the resulting interest of a security holder in the issuer after giving effect to the transaction. In exercising its discretion, the Exchange may deem certain securities, which have been or are proposed to be issued, and which may not technically be captured under the "Founder Shares" definition noted above, to be, nonetheless, Founder Shares. Allowable Transactions The Exchange will not object to: (i) a transaction which otherwise satisfies applicable existing listing requirements and under which the issuer has issued, or proposes to issue, Founder Shares, which, cumulatively (and with Founder Shares being calculated on a fully diluted basis), represent, or would represent no more than 15% of the issuers' issued and outstanding securities at the time of listing; or (ii) a transaction which otherwise satisfies applicable listing requirements and under which an issuer has issued, or proposes to issue, Founder Shares which, cumulatively (and with Founder Shares being calculated on a fully diluted basis), represent, or would represent, in excess 15% of the issuer's issued and outstanding securities at the time of listing, provided the issuer also completes an acceptable financing concurrent with the listing. The Exchange will consider an acceptable financing to be any equity financing which: (A) raises gross proceeds of no less than $5,000,000, of which no less than 75% has been subscribed for by arm's length parties; or (B) results in the issuance of no less than 50% of the issued and outstanding securities of issuer at the time of listing, of which no less than 75% has been subscribed for by arm's length parties. Application As noted above, guidance under this bulletin, and the provisions of the amended policy, will apply to all new listing submissions effective today. However, in the case of industrial, technology or research & development issuers, the Exchange may be more flexible in its application of the Founder Shares definition. For these issuers, the Exchange may dispense with the requirement of an acceptable supporting valuation or otherwise apply flexibility in its interpretation of these guidelines if the person or persons to whom those securities have been issued has or have clearly contributed a tangible benefit to the issuer over time. The Exchange encourages all issuers to meet with Exchange staff prior to making a listing submission if they have further questions regarding their capital structure. If you have questions about these changes, please contact: In British Columbia: Andrew Hancharyk, Phone: 604-602-6982, Fax: 604-844- 7502 In Alberta: Peter Varsanyi, Phone: 403-218-2860, Fax: 403-234-4211 In Ontario: Tim Babcock, Phone: 416-365-2202, Fax: 416-365-2224 In Quebec: Sylvain Martel, Phone: 514-788-2411, Fax: 514-788-2421 TYPE DE BULLETIN : Avis aux emetteurs DATE DU BULLETIN : Le 20 octobre 2008 Objet : Version modifiee des lignes directrices sur la structure d'operation et les actions de fondateur Contexte Dans un bulletin publie le 11 decembre 2007, la Bourse de croissance TSX (la " Bourse ") presentait des lignes directrices sur la structure du capital a l'intention des emetteurs, autres que les SCD, ayant emis avant leur inscription des titres a des principaux interesses ou a des tiers pour une contrepartie symbolique. La Bourse peut modifier ces lignes directrices a son gre pour tenir compte de la conjoncture du marche. La version modifiee des lignes directrices sur les actions de fondateur sera publiee avec les modifications soulignees pour en faciliter la consultation par les emetteurs. Le present bulletin constitue la premiere version modifiee des lignes directrices sur la structure d'operation et les actions de fondateur et remplace les lignes directrices du 11 decembre 2007. Les modifications visent a faire passer le seuil d'un financement acceptable de 10 millions de dollars a 5 millions de dollars, et a clarifier ce que la Bourse considere comme une attribution de valeur acceptable. Modification de la politique Date d'effet Les principes sur lesquels reposent les lignes directrices qui sont enoncees dans le present bulletin seront integres dans la Politique 2.1 modifiee que la Bourse prevoit publier au moment de la prochaine mise a jour. L'information contenue dans le present bulletin servira d'indications supplementaires aux participants du marche qui doivent determiner si la structure du capital d'un emetteur sera jugee acceptable par la Bourse. La Bourse appliquera les principes dont il est question ici aux demandes de nouvelles inscriptions (y compris celles qui sont presentees dans le cadre d'un premier appel public a l'epargne, d'une prise de controle inversee ou d'une operation admissible) presentees a partir de la date du present bulletin. Le personnel de la Bourse continuera de travailler avec les participants du marche pour veiller a ce que la structure de leur operation soit acceptable et incitera les emetteurs a deposer au prealable leur demande. Le contenu du present bulletin ne modifie aucune des autres exigences d'inscription que contiennent les politiques en vigueur de la Bourse. Principe general La Bourse ne s'opposera pas a certaines operations si le nombre d'" actions de fondateur ", au sens attribue a ce terme ci-apres, est egal ou inferieur a un seuil determine. Actions de fondateur Les actions de fondateur s'entendent de tout titre emis ou dont on projette l'emission a l'une des personnes suivantes : (i) toute personne, a un prix inferieur a 0,05 $ l'action; (ii) une personne reliee, dans le cadre de l'achat d'un actif auquel on ne peut attribuer une valeur de facon acceptable conformement aux alineas 4.2a), b), c), d), e), f), g) ou i) de la Politique 5.4 de la Bourse; (iii) un principal interesse, en reglement d'une dette ou d'une obligation, a un prix inferieur au dernier prix auquel le titre a ete emis ou a un prix que la Bourse considere comme deraisonnable dans les circonstances; (iv) un principal interesse, en vue principalement d'augmenter la participation de ce dernier dans l'emetteur, sans que l'emetteur en tire concretement un avantage reciproque. La Bourse tiendra compte du nombre global d'actions de fondateur pour determiner si la structure d'une operation est acceptable aux termes du present bulletin et de la politique modifiee. De plus, la Bourse decidera en definitive si une personne est ou non un principal interesse ou une personne reliee, en usant de son pouvoir discretionnaire et en se fondant sur les faits de la demande et sur la participation que la personne aura dans l'emetteur apres l'operation. Dans l'exercice de son pouvoir discretionnaire, la Bourse pourra neanmoins considerer comme des actions de fondateur certains titres emis ou dont on projette l'emission qui ne sont pas en principe compris dans la definition d'" actions de fondateur " donnee ci-dessus. Operations permises La Bourse ne s'opposera pas aux operations suivantes : (i) l'operation qui repond par ailleurs aux exigences d'inscription en vigueur applicables et dans le cadre de laquelle l'emetteur a emis ou projette d'emettre des actions de fondateur qui representent ou representeraient dans l'ensemble (le nombre d'actions de fondateur etant calcule apres dilution) au plus 15 % de ses titres emis et en circulation au moment de l'inscription; (ii) l'operation qui repond par ailleurs aux exigences d'inscription applicables et dans le cadre de laquelle l'emetteur a emis ou projette d'emettre des actions de fondateur qui representent ou representeraient dans l'ensemble (le nombre d'actions de fondateur etant calcule apres dilution) plus de 15 % de ses titres emis et en circulation au moment de l'inscription, a condition que l'emetteur realise egalement un financement acceptable simultanement a l'inscription. La Bourse considerera comme acceptable tout financement par actions qui repond a l'un des criteres suivants : A) le produit brut reuni s'eleve a au moins 5 000 000 $, et 75 % au moins des titres emis ont ete souscrits par des personnes sans lien de dependance; B) le nombre de titre emis equivaut a 50 % au moins des titres emis et en circulation de l'emetteur au moment de l'inscription, et 75 % au moins des titres emis ont ete souscrits par des personnes sans lien de dependance. Application Les indications donnees dans le present bulletin et les dispositions de la politique modifiee s'appliqueront a toutes les demandes de nouvelles inscriptions presentees a partir de la date du present bulletin. Cependant, en ce qui concerne les emetteurs des secteurs de l'industrie, de la technologie et de la recherche et du developpement, la Bourse pourrait se montrer plus souple dans l'application de la definition des actions de fondateur. Elle pourrait dispenser ces emetteurs de l'obligation de fournir une attribution de valeur acceptable ou par ailleurs assouplir son interpretation des lignes directrices si la ou les personnes a qui les titres ont ete emis ont clairement apporte un avantage concret a l'emetteur au fil du temps. La Bourse demande a tous les emetteurs qui ont d'autres questions au sujet de leur structure du capital de rencontrer son personnel avant de deposer une demande d'inscription. Si vous avez des questions au sujet de ces modifications, veuillez communiquer avec l'une des personnes suivantes : En Colombie-Britannique : Andrew Hancharyk, tel. : 604-602-698, telec. : 604-844-7502; En Alberta : Peter Varsanyi, tel. : 403-218-2860, telec. : 403-234-4211; En Ontario : Tim Babcock, tel. : 416-365-2202, telec. : 416-365-2224; Au Quebec : Sylvain Martel, tel. : 514-788-2411, telec. : 514-788-2421. TSX-X -------------------------------------------------------------------------- AMADOR GOLD CORP. ("AGX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced September 9, 2008 and October 7, 2008: Number of Shares: 13,357,500 flow-through shares 2,063,050 non flow-through Purchase Price: $0.10 per share Warrants: 15,420,050 share purchase warrants to purchase 15,420,050 shares Warrant Exercise Price: $0.15 for a two year period Number of Placees: 15 placees Finders' Fees: Research Capital Corp. - $14,456.00 Limited Market Dealership - $80,000 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. TSX-X -------------------------------------------------------------------------- ANIMAS RESOURCES LTD. ("ANI") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with an Option Agreement dated October 15, 2008 between the Company and Mineral Lixivian, S.A. de C.V. (Mayo Ramirez Guitierrez, Efren Rosas Briones and Samuel Ocan?a Garcia) with respect to the Ophelia and Santa Gertrudis concessions located in the Santa Teresa mining district, Mexico. The aggregate consideration is US$422,000 over an 18 month period and 217,000 common shares. TSX-X -------------------------------------------------------------------------- ARCHANGEL DIAMOND CORPORATION ("AAD") BULLETIN TYPE: Halt BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company Effective at the open, October 20, 2008, trading in the shares of the Company was halted 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 -------------------------------------------------------------------------- ARCHANGEL DIAMOND CORPORATION ("AAD") BULLETIN TYPE: Resume Trading BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company Effective at 7:15 a.m. PST, October 20, 2008, shares of the Company resumed trading, an announcement having been made over Canada News Wire. TSX-X -------------------------------------------------------------------------- ATW GOLD CORP. ("ATW") (formerly ATW Venture Corp. ("ATW")) BULLETIN TYPE: Name Change BULLETIN DATE: October 20, 2008 TSX Venture Tier 1 Company Pursuant to a resolution passed by shareholders October 7, 2008, the Company has changed its name as follows. There is no consolidation of capital. Effective at the opening, October 21, 2008, the common shares of ATW Gold Corp. will commence trading on TSX Venture Exchange, and the common shares of ATW Venture Corp. will be delisted. The Company is classified as a 'Mining' company. Capitalization: Unlimited shares with no par value of which 60,471,256 shares are issued and outstanding Escrow: Nil Transfer Agent: Computershare Trust Company Trading Symbol: ATW (unchanged) CUSIP Number: 002105 10 4 (new) TSX-X -------------------------------------------------------------------------- AUSAM ENERGY CORPORATION ("AZE") BULLETIN TYPE: Warrant Price Amendment BULLETIN DATE: October 20, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has consented to the temporary reduction in the exercise price to US$1.50 of the warrants described below. The reductions will be in effect from October 20, 2008 to November 18, 2008 (the 'Reduction Period'), following which any unexercised warrants will revert to their original exercise price. During the Reduction Period only, the warrants will be exercisable for Units instead of common shares. Each Unit will consist of one common share and one-half of one share purchase warrant ('Incentive Warrant'). Each whole Incentive Warrant will exercisable for one additional common share for a period of five years from the date of issuance at a price of US$1.50 in the first two years, US$1.65 in the third year, US$1.82 in the fourth year, or US$2.00 in the fifth year. Private Placement #1: # of Warrants: 3,092,682 Expiry Date of Warrants: February 8, 2012 Original Exercise Price of Warrants: $3.25 New Exercise Price of Warrants: US$1.50 - These warrants were issued pursuant to a private placement of 30,926,842 shares with 15,463,421 share purchase warrants attached, which was accepted for filing by the Exchange effective April 10, 2007. Private Placement #2: # of Warrants: 1,996,666 Expiry Date of Warrants: February 8, 2012 Original Exercise Price of Warrants: $3.75 New Exercise Price of Warrants: US$1.50 - These warrants were issued pursuant to a private placement of 19,966,666 First Preferred Shares, Series 2 with 9,983,333 share purchase warrants attached, which was accepted for filing by the Exchange effective April 10, 2007. Private Placement #3: # of Warrants: 125,685 Expiry Date of Warrants: September 7, 2012 Original Exercise Price of Warrants: $3.25 New Exercise Price of Warrants: US$1.50 - These warrants were issued pursuant to a private placement of 1,256,852 shares with 628,425 share purchase warrants attached, which was accepted for filing by the Exchange effective April 11, 2008. Private Placement #4: # of Warrants: 4,461,099 Expiry Date of Warrants: July 3, 2012 Original Exercise Price of Warrants: $3.00 New Exercise Price of Warrants: US$1.50 - These warrants were issued pursuant to a private placement of a convertible debenture in the amount of US$25,000,000 with 22,305,496 share purchase warrants attached, which was accepted for filing by the Exchange effective July 11, 2007. - Note that the private placement information included above reflects the figures prior to the Company's share consolidation effective September 27, 2007. TSX-X -------------------------------------------------------------------------- BAYMOUNT INCORPORATED ("BYM") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 28, 2008: Number of Shares: 3,100,000 shares Purchase Price: $0.10 per share Number of Placees: 3 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / # of Shares F. Helmut Biemann Y 400,000 For further details, please refer to the Company's news release dated August 28, 2008. TSX-X -------------------------------------------------------------------------- BTB REAL ESTATE INVESTMENT TRUST ("BTB.UN") BULLETIN TYPE: Notice of Distribution BULLETIN DATE: October 20, 2008 TSX Venture Tier 1 Company The Issuer has declared the following distribution: Distribution per Trust Unit: $0.01333 Payable Date: November 14, 2008 Record Date: October 31, 2008 Ex-Distribution Date: October 29, 2008 TSX-X -------------------------------------------------------------------------- GENOIL INC. ("GNO") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: October 20, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement: Convertible Debenture $1,227,355.84 Conversion Price: Convertible into common shares at a rate of $0.27 of principal per share until maturity. Maturity date: October 6, 2009 Warrants 1,136,442 Each warrant is exercisable for one common share at a price of $0.41 for a period of one year from the date of issuance. Interest rate: 12 % Number of Placees: 4 placees Insider / Pro Group Participation: Insider equals Y / Principal Name ProGroup equals P / Amount Warrants Lifschultz Enterprises Co., LLC Y $834,581.78 772,761 Sidney B. Lifschultz 1992 Y $129,218.66 119,647 Family Trust David K. Lifschultz Y $131,777.70 122,017 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). TSX-X -------------------------------------------------------------------------- GOLD STAR RESOURCES CORP. ("GXX") BULLETIN TYPE: Warrant Term Extension BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has consented to the extension in the expiry date of the following warrants: # of Warrants: 1,550,000 Original Expiry Date of Warrants: November 20, 2008 New Expiry Date of Warrants: November 20, 2009 Exercise Price of Warrants: $0.15 These warrants were issued pursuant to a private placement of 3,070,000 shares with 3,070,000 share purchase warrants attached, which was accepted for filing by the Exchange effective November 16, 2007. TSX-X -------------------------------------------------------------------------- MACDONALD MINES EXPLORATION LTD. ("BMK") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation relating to an option agreement (the "Agreement") dated October 2, 2008, between Shoreham Resources Ltd. (the "Optionor") and MacDonald Mines Exploration Ltd (the "Company"). Pursuant to the Agreement, the Company shall have the option to acquire an undivided 40% interest in the Sachigo Lake Property (the "Property") (the Company will acquire an undivided 100% interest in the event Escape Group Inc. does not earn it's 60% interest in the Property pursuant to its pre-existing option agreement with the Optionor). The interest in the Property shall be subject to a 2.5% net smelter return royalty, of which the Company shall have the right to 'buy back' 1% at any time for the sum of $1,000,000. In order to earn its interest in the Property, the Company must pay the Optionor an aggregate of $150,000 within three years, issue 300,000 common shares within one year, and issue 600,000 common share purchase warrants (each exercisable into 1 common share at a price of $0.40 for a period of two years from issuance) within one year. TSX-X -------------------------------------------------------------------------- PETROGLOBE INC. ("PGB") BULLETIN TYPE: Property Asset or Share Disposition Agreement BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing a Letter of Intent ("LOI") between PetroGlobe Inc. (the "Company") and 1427668 Alberta Ltd. (the "Purchaser"). Pursuant to the LOI, the Company will sell 100% of the common shares it holds in PetroGlobe (Canada) Ltd. to the Purchaser. In consideration, the Company will receive $350,000. TSX-X -------------------------------------------------------------------------- PITCHSTONE EXPLORATION LTD. ("PXP") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 20, 2008 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 26, 2008: Number of Shares: 2,501,000 flow through shares Purchase Price: $0.60 per share Number of Placees: 7 placees Finders' Fees: $58,800 payable to Dundee Securities Corporation $15,000 payable to Toll Cross Securities Inc. 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 -------------------------------------------------------------------------- PLATINEX INC. ("PTX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement (first tranche) announced October 3, 2008: Number of Shares: 1,583,333 flow-through shares and 2,300,000 non flow-through shares Purchase Price: $0.15 per flow-through share $0.125 per non flow-through share Warrants: 2,300,000 share purchase warrants to purchase 2,300,000 shares Warrant Exercise Price: $0.35 for a two year period Number of Placees: 12 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / # of Shares James Marrelli Y 320,000 Korine Craig Y 200,000 Bruce Reilly Y 300,000 James Trusler Y 480,000 Finder's Fees: $3,000 in cash payable to BMO Nesbitt Burns Ltee., Montreal, QC. For further details, please refer to the Company's news release dated October 3, 2008. TSX-X -------------------------------------------------------------------------- RADISSON MINING RESOURCES INC. ("RDS") BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the documentation relating to an amended option agreement, dated October 1, 2008. The amendment relates to payment terms within the original August 29, 2005 agreement, under which the Company acquired a property located in the Dryden region of the province of Ontario. Under the terms of the amended agreement, the final payment, which was to consist of 20,000 class A shares of the Company and $20,000 in cash will instead be made with 220,000 class A shares and $5,000 in cash. For further information, please refer to the Company's press release dated October 17, 2008. RESSOURCES MINIERES RADISSON INC. (" RDS ") TYPE DE BULLETIN : Modification a une convention d'achat de propriete, d'actif ou d'actions DATE DU BULLETIN : Le 20 octobre 2008 Societe du groupe 2 de TSX Croissance Bourse de croissance TSX a accepte le depot de documents relativement a un amendement a une convention d'option datee du 1er octobre 2008. L'amendement concerne les modalites de paiement aux termes de l'entente originale du 29 août 2005, selon laquelle la societe a acquis une propriete situe dans la region Dryden en Ontario. Aux termes de l'entente amendee, le dernier paiement, qui aurait consiste en 20 000 actions categorie A de la societe et 20 000 $ en especes, consistera en 220 000 actions categorie A et 5 000 $ en especes. Pour plus d'information, veuillez vous referer au communique de presse emis par la societe le 17 octobre 2008. TSX-X -------------------------------------------------------------------------- SEDEX MINING CORP. ("SDN") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced September 9, 2008: Number of Shares: 6,666,667 flow through shares 625,000 non-flow through shares Purchase Price: $0.06 per share Warrants: 7,291,667 share purchase warrants to purchase 7,291,667 shares Warrant Exercise Price: $0.10 for a two year period Number of Placees: 2 placees Finder's Fee: $32,000 payable to BMO Nesbitt Burns 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 -------------------------------------------------------------------------- SILK ROAD RESOURCES LTD. ("SIL") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 3, 2008, July 16, 2008 and August 21, 2008: Convertible Debenture $500,000 Conversion Price: Convertible into common shares at $1.00 of principal outstanding Maturity date: July 10, 2011 Interest rate: 7% per annum Number of Placees: 1 placee Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / Principal Amount Patriarco Holdings Ltd. Y $500,000 (Anthony Patriarco and Nancy Patriarco) 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 -------------------------------------------------------------------------- SOLID RESOURCES LTD. ("SRW") BULLETIN TYPE: Shares for Debt BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 300,000 shares at a deemed price of $0.20 to settle outstanding debt for $60,000. Number of Creditors: 1 Creditor Insider / Pro Group Participation: Insider equals Y / Amount Deemed Price Creditor Progroup equals P / Owing per Share # of Shares Kevin Moore Y $60,000 $0.20 300,000 The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X -------------------------------------------------------------------------- SOLID RESOURCES LTD. ("SRW") BULLETIN TYPE: Shares for Debt BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the Company's proposal to issue 551,680 shares at a deemed price of $0.20 to settle outstanding debt for $100,836. Number of Creditors: 3 Creditors Insider / Pro Group Participation: Insider equals Y / Amount Deemed Price Creditor Progroup equals P / Owing per Share # of Shares McKinders Financial Y $74,802 $0.20 424,010 (Harry McKinders) Leonard Trump Y $15,534 $0.20 77,670 The Company shall issue a news release when the shares are issued and the debt extinguished. TSX-X -------------------------------------------------------------------------- TEARLACH RESOURCES LIMITED ("TEA") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for expedited filing documentation with respect to a Non-Brokered Private Placement announced October 15, 2008: Number of Shares: 1,000,000 shares Purchase Price: $0.05 per share Warrants: 1,000,000 share purchase warrants to purchase 1,000,000 shares Warrant Exercise Price: $0.10 for a two year period Number of Placees: 2 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / # of Shares Richard Pomper P 500,000 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. TSX-X -------------------------------------------------------------------------- VAULT MINERALS INC. ("VMI") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the "Agreement") dated September 24, 2008, between Vault Minerals Inc. (the "Company") and four arms-length parties (collectively, the "Optionors"). Pursuant to the Agreement, the Company shall have the option to acquire a 100% undivided interest in a mining claim (the "Property") located in Teck Township of Ontario. As consideration, the Company must pay the Optionors an aggregate of $27,000, issue 90,000 common shares, and incur a minimum aggregate of $50,000 in exploration expenditures on the Property within the first two years. The Company must pay the Optionors a 2% royalty (the "Royalty") from any production on the Property. Furthermore, the Company has the option to purchase 50% of the Royalty by making a further aggregate payment of $1,000,000 to the Optionors. For further information, please refer to the Company's press release dated October 9, 2008. TSX-X -------------------------------------------------------------------------- VAULT MINERALS INC. ("VMI") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the "Agreement") dated September 24, 2008, between Vault Minerals Inc. (the "Company") and two arms-length parties (collectively, the "Optionors"). Pursuant to the Agreement, the Company shall have the option to acquire a 100% undivided interest in a mining claim (the "Property") located in Teck Township of Ontario. As consideration, the Company must pay the Optionors an aggregate of $8,000, issue 30,000 common shares and incur a minimum of $5,000 in exploration expenditures on the Property within the first year. The Company must pay the Optionors a 2% royalty (the "Royalty") from any production on the Property. Furthermore, the Company has the option to purchase 50% of the Royalty by making a further aggregate payment of $1,000,000 to the Optionors. For further information, please refer to the Company's press release dated October 9, 2008. TSX-X -------------------------------------------------------------------------- VENGA AEROSPACE SYSTEMS INC. ("VAV") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 10, 2008: Number of Shares: 10,900,000 shares Purchase Price: $0.05 per share Number of Placees: 7 placees Insider / Pro Group Participation: Insider equals Y / Name ProGroup equals P / # of Shares David Jacob Rotfleisch Y 2,000,000 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). TSX-X -------------------------------------------------------------------------- VITREOUS GLASS INC. ("VCI") BULLETIN TYPE: Declaration of Dividend BULLETIN DATE: October 20, 2008 TSX Venture Tier 2 Company The Issuer has declared the following dividend: Dividend per Share: $0.06 Payable Date: November 17, 2008 Record Date: November 3, 2008 Ex-distribution Date: October 30, 2008 TSX-X --------------------------------------------------------------------------
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