TSX Venture Exchange Stock Maintenance Bulletins
VANCOUVER, BC, Sept. 28, 2023 /CNW/ -
TSX VENTURE COMPANIES
None
23/09/28 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
EDDY SMART HOME SOLUTIONS LTD. ("EDY")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 28, 2023
TSX Venture Tier 1 Company
Effective at 6:30 a.m. PST, September 28, 2023, shares of the Company resumed trading, an announcement having been made.
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EGUANA TECHNOLOGIES INC. ("EGT")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 13,580,094 common shares at a deemed price of $0.08575 per common share to settle outstanding debt for $1,164,493.14 from accrued interest owed by the Company pursuant to a previously issued convertible debenture.
Number of Creditors: 1 Creditor
Non-Arm's Length Party / Pro Group Participation: | ||||
Creditors | # of | Amount Owing | Deemed | Aggregate # |
Aggregate Non-Arm's Length | 1 | $1,164,493.14 | $0.08575 | 13,580,094 |
For more detail, refer to the Company's news release dated September 28, 2023.
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ELECTRIC ROYALTIES LTD. ("ELEC")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 27, 2023:
Convertible Debenture | $1,400,000 |
Conversion Price: | Convertible into 2,222,222 common shares at $0.63 per common share |
Maturity date: | January 12, 2026 |
Interest rate: | Convertible debenture bears interest at the rate equal to the lesser of: (1) the United States Secured Overnight Financing Rate, as published by the New York Federal Reserve, plus 7% per annum; and (2) 12.5% per annum |
Number of Placees: | 1 Placee |
Insider / Pro Group Participation: | ||
Placees | # of Placee (s) | Aggregate # of Shares |
Aggregate Existing Insider Involvement: | 1 | 2,222,222 |
Aggregate Pro Group Involvement: | N/A | N/A |
The Company issued a news release on September 27, 2023 confirming closing of the private placement. The convertible debenture is draw down under a $5-miilion convertible credit facility announced on April 20, 2023 and November 15, 2022.
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INFINICO METALS CORP. ("INFM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing two option agreements dated September 26, 2023 (the "Agreements"), between the Company and two arm's length parties (the "Optionors"). Pursuant to the terms of the Agreements, the Company may acquire the Optionors' 100% interest in certain claims located in the Province of Québec (the "Property 1") and 100% interest in the Nicobi Project, located in the Province of Québec (the "Property 2").
By way of consideration, the Company will provide the following consideration to Property 1:
$175,000 cash.
$250,000 of common shares of the Company, to be issued at no less than $0.05 per Share (maximum 5,000,000 shares).
By way of consideration, the Company will provide the following consideration to Property 2:
$500,000 cash.
5,000,000 common shares of the Company.
The future share issuance is based on a dollar value in light of the $0.05 minimum.
The Claim is subject to a 2% net smelter return royalty ("NSR") in favour of the Optionors. The Company will have the right to buy back 1% of the NSR at any time for a cash payment of:
- $500,000 for Property 1;
- $1,000,000 for Property 2.
The Company is not paying any finders' fee.
For further details, please refer to the Company's news releases dated September 05, 2023 and September 26, 2023.
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LITHIUM ENERGI EXPLORATION INC. ("LEXI")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 756,165 shares at $ 0.14 to settle outstanding debt for $105,863.
Number of Creditors: 1 Creditor
Non-Arm's Length Party / Pro Group Participation: | ||||
Creditors | # of | Amount Owing | Deemed Price | Aggregate # of |
Aggregate Non-Arm's | 1 | $105,863 | $0.14 | 756,165 |
Aggregate Pro Group | N/A | N/A | N/A | N/A |
For further detail refer to the Company's news release dated September 18, 2023.
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MEGA COPPER LTD. ("MCU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on August 08, 2023:
Number of Shares: | 4,000,000 shares |
Purchase Price: | $0.075 per Share |
Number of Placee: | 1 Placee |
Insider / Pro Group Participation: | ||
Placees | # of Placee (s) | Aggregate # of Shares |
Aggregate Existing Insider Involvement:
Aggregate Pro Group Involvement | N/A
N/A | N/A
N/A |
Aggregate Cash | Aggregate # of Shares | Aggregate # of Warrants
| |
Finder's Fee: | N/A | N/A | N/A |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release on September 25, 2023, announcing the closing of the private placement.
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NUREXONE BIOLOGIC INC. ("NRX")
BULLETIN TYPE: Warrant Price Amendment
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
Further to TSX Venture Exchange (the "Exchange") bulletin dated June 20, 2022, this is to advise that the Exchange has consented to the extension in the expiry date and reduction in the exercise price of the following warrants:
Private Placement: | |
# of Warrants: | 12,682,340 |
Original Expiry Date of Warrants: | (A) November 30, 2023 (1,419,500 warrants) |
(B) December 30, 2023 (283,322 warrants) | |
(C) June 15, 2024 (10,979,518 warrants) | |
New Expiry Date of Warrants: | (A) and (B) extended to June 15, 2024 (Total 1,702,822 warrants). (C) remains unchanged. |
Forced Exercise Provision: | If the closing price for the Company's shares is $0.475 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day. |
Original Exercise Price of Warrants: | $1.20 |
New Exercise Price of Warrants: | $0.38 |
These warrants were issued pursuant to a private placement and reverse takeover transaction, which was accepted for filing by the Exchange effective June 20, 2022.
For further details, please refer to the Company's news release dated July 07, 2023 and September 28, 2023.
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NUREXONE BIOLOGIC INC. ("NRX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on August 09, 2023 and August 28, 2023:
Number of Shares: | 5,394,548 common shares |
Purchase Price: | $0.275 per share |
Warrants: | 5,394,548 share purchase warrants to purchase 5,394,548 shares |
Warrant Exercise Price: | 2,697,274 share purchase warrants exercisable at $0.34 for a 24-month period |
2,697,274 share purchase warrants exercisable at $0.48 for a 36-month period | |
Number of Placees: | 12 Placees |
Insider / Pro Group Participation: | ||
Placees | # of Placee (s) | Aggregate # of Shares |
Aggregate Existing Insider Involvement: | N/A | N/A |
Aggregate Pro Group Involvement: | N/A | N/A |
Aggregate | Aggregate # of Shares | Aggregate # of Warrants | |
Finder's Fee: | N/A | N/A | N/A |
The Company issued a news release on September 06, 2023, confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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SCORPIO GOLD CORPORATION ("SGN")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
Effective at 6:30 a.m. PST, September 28, 2023, shares of the Company resumed trading, an announcement having been made.
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SLAM EXPLORATION LTD. ("SXL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 28, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition via an option agreement of the Mine Road project, which is located adjacent to the Heath Steele mine in the Bathurst Mining Camp of northern New Brunswick. The Company can earn a 100% interest in and to the Mine Road project (subject to a 2% NSR royalty) via the following consideration:
DUE DATE | CASH ($) | SECURITIES |
Within 5 days or receipt of approval from the TSX | - | 100,000 Common Shares |
On or before the 1st anniversary of the option | $10,000 | 100,000 Common Shares |
On or before the 2nd anniversary of the option | $10,000 | 100,000 Common Shares |
On or before the 3rd anniversary of the option | $10,000 | 100,000 Common Shares |
On or before the 4th anniversary of the option | $20,000 | 100,000 Common Shares |
Total | $50,000 | 500,000 Common Shares |
For further details, please refer to the Company's news releases dated September 6, 2023 and September 27, 2023.
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SOURCE TSX Venture Exchange
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