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TSX Venture Exchange - Daily Bulletins
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Nov 18, 2004 16:55 ET
TSX Venture Exchange Daily Bulletins for November 18, 2004
NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: TSX VENTURE EXCHANGE - DAILY BULLETINS NOVEMBER 18, 2004 - 16:55 ET TSX Venture Exchange Daily Bulletins for November 18, 2004 VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2004) - /T/ TSX VENTURE COMPANIES BULLETIN TYPE: Notice to Issuers BULLETIN DATE: November 18, 2004 Re: Chief Financial Officers of Issuers must be Financially Literate In an effort to improve the corporate governance practices of TSX Venture Exchange Issuers, effective immediately, the Exchange is revising section 2.3 of Policy 3.1 - Directors, Officers and Corporate Governance to require that the Chief Financial Officer (CFO) of every Issuer must be financially literate, as defined by Multilateral Instrument 52-110 Audit Committees. That instrument states that an individual is financially literate if he or she has the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Issuer's financial statements. The Exchange expects Issuers to ensure that their CFOs are financially literate. Although the Exchange expects that this change will affect very few Issuers, if an Issuer is concerned in this regard, it should contact Exchange staff. The Exchange is of the view that it is important that the key person preparing an Issuer's financial statements be qualified to carry out that function. The Exchange also believes that this change maintains its high standards and leads to a further enhancement of the integrity of the emerging markets. If you have questions regarding this change, please contact: In British Columbia: Mani Sanghera, Phone: 604-488-3124, email: mani.sanghera@tsxventure.com In Alberta: Joanne Butz, Phone: 403-218-2820, email: joanne.butz@tsxventure.com Matt Bootle, Phone: 877-884-2369, email: matt.bootle@tsxventure.com In Quebec: Louis Doyle, Phone: 514-788-2407, email: louis.doyle@tsxventure.com TYPE DE BULLETIN : Avis aux emetteurs DATE DU BULLETIN : 18 novembre 2004 Objet : Obligation pour le chef de la direction des finances des emetteurs de posseder des competences financieres Dans l'intention d'ameliorer les pratiques de regie d'entreprise des emetteurs inscrits a la Bourse de croissance TSX, avec effet immediat, la Bourse modifie le paragraphe 2.3 de la Politique 3.1 - Administrateurs, dirigeants et regie d'entreprise afin d'exiger que le chef de la direction des finances de chaque emetteur possede des competences financieres, au sens du Reglement 52-110 sur le comite de verification. Selon ce reglement, une personne physique possede des competences financieres si elle a la capacite de lire et de comprendre un jeu d'etats financiers qui presentent des questions comptables d'une ampleur et d'un degre de complexite comparables dans l'ensemble a ceux des questions dont on peut raisonnablement penser qu'elles seront soulevees par les etats financiers de l'emetteur. La Bourse s'attend a ce que les emetteurs veillent a ce que leur chef de la direction des finances possede des competences financieres. Selon la Bourse, ce changement devrait toucher tres peu d'emetteurs, mais tout emetteur qui a des doutes a ce sujet est prie de communiquer avec le personnel de la Bourse. La Bourse estime qu'il est important que la personne cle chargee de dresser les etats financiers d'un emetteur soit qualifiee pour s'acquitter de cette tache. La Bourse considere aussi que ce changement maintient ses normes elevees et favorise une plus grande integrite des marches emergents. Toute question concernant ce changement peut etre adressee aux personnes suivantes : Colombie-Britannique : Mani Sanghera, telephone : (604) 488-3124 courriel : mani.sanghera@tsxventure.com Alberta : Joanne Butz, telephone : (403) 218-2820, courriel : joanne.butz@tsxventure.com Matt Bootle, telephone : (877) 884-2369, courriel : matt.bootle@tsxventure.com Quebec : Louis Doyle, telephone : (514) 788-2407, courriel : louis.doyle@tsxventure.com ---------------------------------------------------------------------- AUTOTRADECENTER CANADA LTD. ("ATO") BULLETIN TYPE: Short Form Offering Document-Distribution BULLETIN DATE: November 18, 2004 TSX Venture Tier 1 Company The Company's Short Form Offering Document dated August 11, 2004 was filed with and accepted by the TSX Venture Exchange on August 18, 2004. The Exchange has now been advised that the Offering closed on October 18, 2004. Agent: Dundee Securities Corporation Offering: 4,928,600 Units: Each Unit consists of one common share of the Company and one half of one common share purchase warrant. One whole common share purchase warrant will entitle the holder to purchase one additional common share at a price of $0.50 per share for a period of 24-months from the date of issuance. Share Price: $0.25 per Unit Agent's Warrants: 6% of the total number of Units sold (excluding purchasers from the President's list), non- transferable Agent's Options, exercisable at a price of $0.25 per Unit, at any time, for a period of 24-months from the date of issue. Agents' Commission: 8% of the gross proceeds received from the sale of the Units. Agent's commission of 4% of the aggregate gross proceeds received in respect of Units issued to purchasers on the President's list. ---------------------------------------------------------------------- ALTACANADA ENERGY CORP. ("ANG") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced October 4 and October 18, 2004: Number of Shares: 5,753,793 common shares Purchase Price: $0.77 per share Warrants: 2,876,896 share purchase warrants to purchase 2,876,896 shares Warrant Exercise Price: $0.95 for a two year period Number of Placees: 98 Placees Insider / Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ # of Shares Allan Miller P 32,468 Craig Bain P 32,466 Agents: CIBC World Markets Inc. First Associates Investments Inc. Agents' Commission: $310,129.44 aggregate cash paid to the Agents. ---------------------------------------------------------------------- CARDERO RESOURCE CORP. ("CDU") BULLETIN TYPE: Property-Asset Acquisition BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation in connection with an Option to Purchase Agreement dated October 1, 2004 between the Company and Elisa Adela Cozzi whereby the Company has been granted an option to acquire a 100% interest in the Organullo Property that is located in The Department of Los Andes, Salta Province, Argentina. Consideration is 70,000 common shares. ---------------------------------------------------------------------- CASSIDY GOLD CORP. ("CDY") BULLETIN TYPE: Halt BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company Effective at 6:59 a.m. PST, November 18, 2004, 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. ---------------------------------------------------------------------- CASSIDY GOLD CORP. ("CDY") BULLETIN TYPE: Resume Trading BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company Effective at 9:45 a.m., PST, November 18, 2004, shares of the Company resumed trading, an announcement having been made over Vancouver Market News. ---------------------------------------------------------------------- COMPUTREX CENTRES LTD. ("CXC") BULLETIN TYPE: Halt BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company Effective at 10:54 a.m. PST, November 18, 2004, 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. ---------------------------------------------------------------------- CSM SYSTEMS CORP. ("CKX") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 15, 2004: Number of Shares: 2,892,181shares Purchase Price: $0.10 per share Warrants: 2,892,181 share purchase warrants to purchase 2,892,181 shares Warrant Exercise Price: $0.15 for a two year period Number of Placees: 14 Placees Insider / Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ # of Shares Wally McNeil Y 1,000,000 ---------------------------------------------------------------------- FIRST MAJESTIC RESOURCE CORP. ("FR") BULLETIN TYPE: Halt BULLETIN DATE: November 18, 2004 TSX Venture Tier 1 Company Effective at the opening PST, November 18, 2004, 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. ---------------------------------------------------------------------- FIRST MAJESTIC RESOURCE CORP. ("FR") BULLETIN TYPE: Resume Trading BULLETIN DATE: November 18, 2004 TSX Venture Tier 1 Company Effective at 11:45 a.m., PST, November 18, 2004, shares of the Company resumed trading, an announcement having been made over Vancouver Market News. ---------------------------------------------------------------------- GENOIL INC. ("GNO") BULLETIN TYPE: Shares for Bonuses BULLETIN DATE: November 18, 2004 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing the Company's proposal to raise $600,000 through two interest-free, short-term loans from a private lender, payable upon demand at any time after March 3, 2005. We note that as a bonus, the Company will issue to the lender a total of 200,000 common shares of the Company at a deemed price of $0.25 per share. Number of Lenders: 1 Lender ---------------------------------------------------------------------- JOURNEY UNLIMITED OMNI BRAND CORPORATION ("JNY") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 27, 2004: Number of Shares: 3,000,000 shares Purchase Price: $0.20 per share Warrants: 3,000,000 share purchase warrants to purchase 3,000,000 shares Warrant Exercise Price: $0.30 for a two year period Number of Placees: 16 placees Insider / Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ # of Shares Burton Egger P 100,000 Finder's Fee: $55,500 cash payable to Alan Ashton $2,000 cash payable to Stuart Vorberg 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. ---------------------------------------------------------------------- PATENT ENFORCEMENT AND ROYALTIES LTD. ("PAL") BULLETIN TYPE: Halt BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company Effective at the opening PST, November 18, 2004, 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. ---------------------------------------------------------------------- ROSS RIVER MINERALS INC. ("RRM") BULLETIN TYPE: Warrant Term Extension BULLETIN DATE: November 18, 2004 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: 750,000 Original Expiry Date of Warrants: November 19, 2004 New Expiry Date of Warrants: January 21, 2005 Exercise Price of Warrants: $0.50 These warrants were issued pursuant to a private placement of 1,500,000 shares with 750,000 share purchase warrants attached, which was accepted for filing by the Exchange effective November 14, 2003. ---------------------------------------------------------------------- ROUTE1 INC. ("ROI") (formerly Prospectus Group Inc., The ("PSE")) BULLETIN TYPE: Reverse Takeover-Completed, Private Placement-Non- Brokered, Name Change, Correction BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated October 20, 2004, the following changes have been made: Private Placement TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on April 8, 2004: Purchase Price: $0.35 per unit (each unit comprised of 1 common share and 1 whole warrant exercisable into 1 common share at $0.50 for the first 12 months (note that previous bulletin stated 18 months) and at $0.60 for 6 months (note that previous bulletin stated 12 months) thereafter) Number of Shares: 12,505,956 Number of Warrants: 6,252,978 (note that previous bulletin stated 12,505,956) Number of Placees: 58 Capitalization: Unlimited shares with no par value of which 114,310,764 shares are issued and outstanding Escrow: 56,425,460 shares Transfer Agent: Computershare Trust Company of Canada Trading Symbol: ROI (new) CUSIP Number: 77929Q 10 8 (new) Company Contact: Josef Zankowicz Company Address: 165 Avenue Road, Unit#401 Toronto, Ontario M5R 3S4 Company Phone Number: (416) 580-1563 Company Fax Number: (416) 848-8394 Company Email Address: josefz@route1.com ---------------------------------------------------------------------- SABINA RESOURCES LIMITED ("SBB") BULLETIN TYPE: Property-Asset Agreement BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for expedited filing documentation pertaining to a property option agreement dated November 4, 2004 between Sabina Resources Limited (the 'Company') and Wolfden Resources Inc. ('Wolfden'). Wolfden has granted an option to the Company to acquire a 60% interest in 6 mineral claims located in the Red Lake Mining Division, Ontario, known as the Follansbee Property, which is subject to an underlying agreement between Wolfden and Interquest Inc. (William L. Koyle, Christopher H. Freeman, Thomas Nikolaus, 'Interquest'). In consideration, the Company will pay $210,000 and issue 188,679 shares to Interquest. In addition the Company will incur $1,000,000 in exploration expenditures over a 2 year period. The property is subject to a 2% net smelter return royalty in favour of Interquest. ---------------------------------------------------------------------- SYMC RESOURCES LIMITED ("SY") BULLETIN TYPE: Private Placement-Brokered, Correction BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company Further to TSX Venture Exchange Bulletin dated November 17, 2004, corrections have been made to the Agent's Fee section as follows: TSX Venture Exchange has accepted for filing documentation with respect to the second (final) tranche of a Brokered Private Placement announced September 8, 2004: Number of Shares: 1,975,366 shares 990,000 flow-through shares Purchase Price: $0.15 per share $0.20 per flow-through share Warrants: 2,965,366 share purchase warrants to purchase 2,965,366 shares Warrant Exercise Price: $0.25 for a one year period $0.30 in the second year Number of Placees: 23 placees Insider / Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ # of Shares Mike Fredrickson P 25,000 FT Agent: Northern Securities Inc. Agents' Fee: Corporate Finance fee of $25,000 Corporate Finance Warrants of 317,000 warrants to purchase 317,000 shares at $0.15 per share Commission: 8% cash and 20% in Agents Compensation Options 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. ---------------------------------------------------------------------- VERSATILE MOBILE SYSTEMS (CANADA) INC. ("VMS") BULLETIN TYPE: Resume Trading BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company Effective at the opening, PST, November 18, 2004, shares of the Company resumed trading, an announcement having been made over Vancouver Market News. ---------------------------------------------------------------------- YANGARRA RESOURCES INC. ("AYX") BULLETIN TYPE: Private Placement-Brokered BULLETIN DATE: November 18, 2004 TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced October 25, 2004: Number of Shares: 6,410,254 flow-through common shares Purchase Price: $0.78 per share Number of Placees: 105 placees Insider / Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ # of Shares Fred Pynn P 25,641 Brenda Bowerman Y 20,000 Robert Weir Y 20,000 Don Poruchny Y 15,000 Howard Consulting P 12,800 (Paul & Margaret Howard) Dave Bannatyne P 6,500 Agents: Raymond James Ltd. as lead with Canaccord Capital Corporation & Otto Demetz as part of the selling group. Agents' Commission: Cash: Total of $295,576. 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). ---------------------------------------------------------------------- NEX COMPANIES GOLDEN RAVEN RESOURCES LTD. ("GVN.H") BULLETIN TYPE: Private Placement-Non-Brokered, Shares for Debt BULLETIN DATE: November 18, 2004 NEX Company Private Placement TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 5, 2004: Number of Shares: 2,845,000 shares Purchase Price: $0.12 per share (US$0.10 per share) Warrants: 2,845,000 share purchase warrants to purchase 2,845,000 shares Warrant Exercise Price: $0.12 (US$0.10) for a one year period Number of Placees: 2 placees Insider / Pro Group Participation: Insider equals Y/ Name ProGroup equals P/ # of Shares Steve Van Haven, Jr. Y 2,045,000 Richard B. Walker Y 800,000 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. Shares for Debt TSX Venture Exchange has accepted for filing the Company's proposal to issue 700,000 shares and 700,000 share purchase warrants to settle outstanding debt for approximately $84,000 (US$70,000). Number of Creditors: 1 Creditors Insider / Pro Group Participation: Insider Deemed equals Y/ Price Progroup Amount per # of Creditor equals P Owing Share Shares Richard B. Walker Y $84,000 (US$70,000) $0.12 (US$0.10) 700,000 Warrants: 700,000 share purchase warrants to purchase 700,000 shares Warrant Exercise Price: $0.12 (US$0.10) for a one year period The Company shall issue a news release when the shares are issued and the debt extinguished. ---------------------------------------------------------------------- /T/ -30-
For more information, please contact
FOR FURTHER INFORMATION PLEASE CONTACT:
TSX Venture Exchange
Market Services
(416) 947-4452
Email: marketdata@tsx.ca