TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, BC, Nov. 15, 2023 /CNW/ –
TSX VENTURE COMPANIES
AXION VENTURES INC. (“AXV”)
BULLETIN TYPE: Delist, Remain Suspended
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
Effective at the close of business on November 29, 2023, the common shares of Axion Ventures Inc. will be delisted from the TSX Venture Exchange at the request of the Company. The Company’s majority of minority shareholders approved the delisting pursuant to an annual general and special meeting of shareholders held on February 16, 2023. The Company will remain suspended until it is delisted.
For further details, please refer to the Company’s news releases dated February 22, 2023, October 30, 2023 and November 15, 2023.
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DECISIVE DIVIDEND CORPORATION (“DE”)
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
The Issuer has declared the following dividend:
Dividend per common share: $0.04
Payable Date: December 15, 2023
Record Date: November 30, 2023
Ex-dividend Date: November 29, 2023
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NICOLA MINING INC. (“NIM”)
BULLETIN TYPE: Consolidation
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
Pursuant to a resolution passed by the Company’s directors on October 21, 2023, the Company has consolidated its capital on a two (2) old for one (1) new basis. The name of the Company has not been changed.
Effective at the opening November 17, 2023, the common shares of Nicola Mining Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a ‘Mining (Non-Oil & Gas) Exploration/ Development’ company.
Post – Consolidation
Capitalization:
Unlimited
shares with no par value of which
160,318,549
shares are issued and outstanding
Escrow
Nil
shares are subject to escrow
Transfer Agent:
Computershare Trust Company of Canada
Trading Symbol:
NIM (UNCHANGED)
CUSIP Number:
65405R203 (new)
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ORCA ENERGY GROUP INC. (“ORC.A”) (“ORC.B”)
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
The Issuer has declared the following dividend:
Dividend per Class A: $0.10
Dividend per Class B SV: $0.10
Payable Date: January 12, 2024
Record Date: December 29, 2023
Ex-dividend Date: December 28, 2023
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ROYAL HELIUM LTD. (“RHC”) (“RHC.WT.A”)
BULLETIN TYPE: Private Placement-Brokered, New Listing-Warrants
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on November 7, 2023 and November 8, 2023:
Private Placement – First Tranche
Number of Shares:
18,750,000 units (“Unit”)
Purchase Price:
$0.24 per Unit
Warrants:
18,750,000 share purchase warrants to purchase 18,750,000 shares
Warrant Exercise Price:
$0.31 for a three year period
Number of Placees:
76 placees
Insider / Pro Group Participation:
Placees
# of Placee (s)
Aggregate # of Units
Aggregate Existing Insider Involvement:
5
820,833
Aggregate Pro Group Involvement:
N/A
N/A
Aggregate Cash
Amount
Aggregate #
of Shares
Aggregate #
of Warrants
Finder’s Fee:
$245,970
N/A
1,050,000
Finder’s Warrants Terms:
Each Finder’s Warrant (non-transferable) entitles the holder to purchase one Unit at $0.24 per Unit. Each Unit consists of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one common share at $0.31 per share for a period of 3 years.
The Company issued a news release on November 14, 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.
New Listing-Warrants – First Tranche
Effective at the opening Friday, November 17, 2023, the Warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a “Oil and Gas Services” company.
Corporate Jurisdiction:
Saskatchewan
Capitalization:
21,562,500 warrants, authorized by a warrant indenture dated November 14, 2023 of which 18,750,000 warrants are issued and outstanding with respect to the first tranche.
Warrant Exercise Price/Term:
$0.31 per share for 3 years from the date of issuance.
Transfer Agent:
Computershare Investor Services Inc.
Trading Symbol:
RHC.WT.A
CUSIP Number:
78029U163
Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.31 per share and will expire at 5:00 pm (Saskatoon time) on November 14, 2026.
The underlying Warrants are governed by the terms and conditions of the Warrant Indenture dated November 14, 2023 and were issued pursuant to the Company’s Offering Document dated November 7, 2023.
For further details, please refer to the Company’s news releases dated November 7, 2023, November 8, 2023 and November 14, 2023.
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SOURCE ROCK ROYALTIES LTD. (“SRR”)
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: November 15, 2023
TSX Venture Tier 1 Company
The Issuer has declared the following dividend:
Dividend per common share: $0.006
Payable Date: December 15, 2023
Record Date: November 30, 2023
Ex-dividend Date: November 29, 2023
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23/11/15 – TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
AXION VENTURES INC. (“AXV”)
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company’s issuance of 402,587 shares to settle outstanding debt for $120,219.07.
Number of Creditors: 1 Creditor
Non-Arm’s Length Party / Pro Group Participation: N/A
For further details, please refer to the Company’s news release dated October 30, 2023.
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EARTHLABS INC. (“SPOT”)
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 15, 2023
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to an arm’s length purchase and sale agreement (the “Agreement”) between EarthLabs Inc. (the “Company”) and arm’s length parties (the “Vendors”). Pursuant to the Agreement, the Company will acquire a 100% interest in the The Northern Miner Group (the “Target”), a leading group of mining media brands including The Northern Miner, Canadian Mining Journal and Mining.com.
As consideration for the acquisition, the Company will pay the Vendors: (i) aggregate cash consideration of $2,500,000; and (ii) issue a non-convertible promissory note in the principal amount of $1,500,000 to the Vendors on closing (the “Note”). The Note is payable in two (2) years from the date of issue in cash, bears a 3.5% interest per annum on principal outstanding, and is secured by a general security agreement against the assets of the Company.
For further details, please refer to the Company’s news release dated October 26, 2023.
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FINLAY MINERALS LTD. (“FYL”)
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: November 15, 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:
13,125,000
Original Expiry Date of Warrants:
December 18, 2023
New Expiry Date of Warrants:
December 18, 2024
Exercise Price of Warrants:
$0.20
These warrants were issued pursuant to a private placement of (i 6,250,000 flow-through shares with 3,125,000 share purchase warrants attached; and (ii)10,000,000 non-flow-through shares with 10,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective December 19, 2019.
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HERCULES SILVER CORP. (“BIG”)
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange (the “Exchange”) has accepted for filing documentation pertaining to a mineral lease and option agreement dated September 21, 2023 (the “Agreement”), between Anglo-Bomarc, U.S., Inc., a wholly owned subsidiary of Hercules Silver Corp. (the “Company”) and an arm’s length party – Merrill Palmer (the “Vendor”). Pursuant to the Agreement, the Company will have the option to acquire 100% interest in eighty-seven unpatented lode mining claims within the Mineral mining district (the “Property”). The Property is a mining claims property located on Bureau of Land Management administered lands, 14 miles southwest of the Company’s flagship Hercules property in Washington County, Idaho.
Pursuant to the terms and subject to the conditions of the Agreement, the Company shall pay an aggregate purchase price of USD $1,160,000 to be satisfied through the following: (i) the payment of USD $630,000 cash over a period of seven years in amounts set forth in the Agreement and (ii) the issuance of 3,152,000 common shares at a deemed price of CAD $0.23 over a period of seven years in amounts set forth in the Agreement.
At any time prior to the eighth anniversary of the Agreement, the Company has the right to purchase the Property for an aggregate of USD $3,000,000 (the “Option”) to be satisfied through the following: (i) the payment of USD $1,500,000 cash on closing and (ii) the issuance of 8,918,000 common shares at a deemed price of CAD $0.23.
At the conclusion of the eight-year term, if the Company elects not to purchase the Property pursuant to the Option, the Company shall retain the rights to continue to lease the Property by providing the Vendor with: (i) annual lease payments of USD $160,000 payable in cash and (ii) and a 2% net smelter royalty. In the event that the Company pays an aggregate total of USD $2,000,000 in royalties, the Company may reduce the Royalty rate to 1 % NSR upon a one-time lump sum payment of USD $1,000,000 to the Vendor.
For further details, please refer to the Company’s news releases dated October 2, 2023 and November 1, 2023
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MEDNOW INC. (“MNOW”)
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture’s
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on July 28, 2023:
Convertible Debenture
$400,000
Conversion Price:
Convertible into units at a conversion price of $0.30 per unit with each unit comprised of one common share and one common share purchase warrant
Maturity date:
18 months from the date of issuance
Warrants
Each Unit is comprised of one Common Share and one Common Share purchase warrant, with each Warrant entitling the holder to purchase an additional Common Share for a period of 48 months from the date of issuance at an exercise price of $0.38 per Warrant.
Interest rate
12% per annum,
Number of Placee:
1 Placee
Placees
# of Placee (s)
Amount of Convertible
Debenture
Aggregate Existing Insider Involvement:
1
$400,000
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
For further details, please refer to the Company news release dated August 01, 2023.
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RIVALRY CORP. (“RVLY”)
BULLETIN TYPE: Halt
BULLETIN DATE: November 15, 2023
TSX Venture Tier 1 Company
Effective at 6:32 a.m. PST, Nov. 15, 2023, trading in the shares of the Company was halted, 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.
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RIVALRY CORP. (“RVLY”)
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 15, 2023
TSX Venture Tier 1 Company
Effective at 7:45 a.m. PST, Nov. 15, 2023, shares of the Company resumed trading, an announcement having been made.
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US COPPER CORP. (“USCU”)
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: November 15, 2023
TSX Venture Tier 2 Company
Further to TSX Venture Exchange (the “Exchange”) bulletin dated November 24, 2020, the Exchange has consented to the extension of the expiry date of the following warrants:
Private Placement:
# of Warrants:
26,400,000
Original Expiry Date of Warrants:
November 19, 2023
New Expiry Date of Warrants:
May 20, 2024
Exercise Price of Warrants:
$0.10
These warrants were issued pursuant to a private placement of 30,000,000 common shares with 30,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective November 24, 2020.
For further details, please refer to the Company’s news release dated November 14, 2023.
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SOURCE TSX Venture Exchange