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VANCOUVER, BC, July 18, 2022 /CNW/ –
TSX VENTURE COMPANIES
DECISIVE DIVIDEND CORPORATION (“DE“)
BULLETIN TYPE: Declaration of Dividend
BULLETIN DATE: July 18, 2022
TSX Venture Tier 2 Company
The Issuer has declared the following dividend:
Dividend per common share: $0.03
Payable Date: August 15, 2022
Record Date: July 29, 2022
Ex-dividend Date: July 28, 2022
_____________________________
NEX COMPANY:
KLIMAT X DEVELOPMENTS INC. (“KLX“)
[Formerly EARL RESOURCES LIMITED (“ERL.H”)
BULLETIN TYPE: Resume Trading, Change of Business, Name Change, Private Placement – Non-Brokered, Shares for Services, Graduation from NEX to TSX Venture, Symbol Change
BULLETIN DATE: July 18, 2022
NEX Company
Resume Trading
Effective at the opening, Wednesday, July 20, 2022, the common shares of Klimat X Developments Inc. will commence trading on TSX Venture Exchange under the new symbol “KLX”, and the common shares of Earl Resources Limited will be delisted.
Change of Business
TSX Venture Exchange has accepted for filing the Company’s Change of Business, which includes the acceptance of the following transactions:
- 65.86% of the shares of Pomeroon Trading (Holdings) Ltd., a private vertically integrated agriculture company operating in Guyana for consideration of US$748,000 cash and 9,915,625 common shares at a deemed price of $0.45 per share;
- an assignment from Rewilding Maforki Ltd. of 51% of the carbon credits and timber revenues to be generated in connection with its Maforki Project in Sierra Leone for consideration of US$750,000 cash and 7,500,000 common shares at a deemed price of $0.45; and
- an assignment from Compania Mexicana de Captacion de Carbono of all of its rights and interests to develop and market carbon credits under its existing contract with the Government of the State of Yucatan in Mexico for consideration of C$50,000 cash and 7,250,000 common shares at a deemed price of $0.45.
32,376,886 common shares issued to Principals pursuant to the Change of Business will be subject to a Tier 2 Value Security Escrow Agreement to be released over a 36-month period. 2,507,740 common shares issued to Principals pursuant to the Change of Business will be subject to a Tier 1 Value Security Escrow Agreement to be released over an 18-month period. 2,682,577 common shares issued to non-Principals pursuant to the Change of Business will be subject to a Tier 2 Value Security Escrow to be released over a 36-month period, in accordance with Seed Share Resale Restrictions.
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Insider / Pro Group Participation: |
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Insider=Y / |
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Name |
ProGroup=P |
# of Shares |
|
Canvas Impact Advisors Ltd. (James Tansey) |
Y |
9,790,351 |
|
Aristeus Projects Limited (Kevin Godlington) |
Y |
8,790,351 |
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662 Ventures Ltd. (Neil Passmore) |
Y |
7,562,008 |
|
Robert Cross |
Y |
2,000,000 |
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Andrew Wright |
Y |
195,038 |
|
ILS Risk Consultants Limited (Andrew Wright) |
Y |
64,664 |
|
One Legal Square Limited (Andrew Wright) |
Y |
26,175 |
In addition, the Exchange has accepted for filing the following:
Name Change
Pursuant to a resolution passed by the directors on February 23, 2022, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening, Wednesday, July 20, 2022 the common shares of Klimat X Developments Inc. will commence trading on TSX Venture Exchange, and the common shares of Earl Resources Limited will be delisted.
Private Placement – Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 26, 2021, February 1, 2022 and June 3, 2022:
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Number of Shares: |
20,705,127 shares |
|
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Purchase Price: |
$0.45 per share |
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Number of Placees: |
70 placees |
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Insider / Pro Group Participation: |
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Insider=Y / |
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Name |
ProGroup=P |
# of Shares |
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Bedrock Capital Corporation (Paul Matysek) |
Y |
500,000 |
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Patricia Zacarias |
Y |
1,000,000 |
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Agent’s Fee: |
483,334 common shares issuable to Guy-Philippe Bertin and 70,587 common shares issuable to Alexander Langer |
Private Placement – Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 1, 2022:
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Number of Shares: |
1,000,000 shares |
|
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Purchase Price: |
$0.45 per share |
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Number of Placees: |
1 placee |
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Insider / Pro Group Participation: |
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Insider=Y / |
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Name |
ProGroup=P |
# of Shares |
|
Paloduro Holdings Inc. (Robert Cross) |
Y |
1,000,000 |
Shares for Services
TSX Venture Exchange has accepted for filing the Company’s proposal to issue 807,588 shares at a deemed price of $0.45, in consideration of certain services provided to the company pursuant to agreements dated February 17, 2022 and February 25, 2022.
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Insider / Pro Group Participation: |
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Insider=Y / |
Amount |
Deemed Price |
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Creditor |
ProGroup=P |
Owing |
per Share |
# of Shares |
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ILS Consulting (Andrew Wright) |
Y |
$50,000 |
$0.45 |
111,111 |
Graduation from NEX to TSX Venture, Symbol Change
The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Wednesday, July 20, 2022, 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 Calgary.
Effective at the opening, Wednesday, July 20, 2022, the trading symbol for the Company will change from ERL.H to KLX.
The Company is classified as a ‘Support activities for agriculture and forestry’ company.
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Capitalization: |
Unlimited |
shares with no par value of which |
|
86,222,661 |
shares are issued and outstanding |
|
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Escrowed: |
37,567,203 |
common shares |
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Escrow Term: |
18 & 36 |
months |
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Transfer Agent: |
Odyssey Trust Company |
|
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Trading Symbol: |
KLX |
(new) |
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CUSIP Number: |
49863L 10 6 |
(new) |
Company Contact: Christopher Colborne, Chief Financial Officer, Corporate Secretary and Director
Company Address: Suite 390, 1050 Homer Street Vancouver, British Columbia V6B 2W9
Company Phone Number: 1-778-373-3736
Company Email Address: ccolborne@cutterresources.ca
________________________________________
22/07/18 – TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
AGUILA COPPER CORP. (“AGL“)
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 18, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
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Private Placement: |
|
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# of Warrants: |
5,953,778 |
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Original Expiry Date of Warrants: |
September 25, 2022 |
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New Expiry Date of Warrants: |
May 24, 2024 |
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Exercise Price of Warrants: |
$0.45 |
These warrants were issued pursuant to a private placement of 11,907,556 shares with 5,953,778 share purchase warrants attached, which was accepted for filing by the Exchange effective September 29, 2020.
_______________________________________
METALLIC MINERALS CORP. (“MMG”)
BULLETIN TYPE: Private Placement – Non-Brokered
BULLETIN DATE: July 18, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 17, 2022:
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Number of Shares: |
625,000 non-flow-through units (“Units”), each Unit consisting of one common share in the capital of the |
|
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846,000 flow-through units (“FT Units”), each FT Unit consisting of one flow-through common share |
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Purchase Price: |
$0.42 per Unit and $0.42 per FT Unit. |
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Warrants: |
735,500 whole Warrants to purchase 735,500 Common Shares. |
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Warrant Price: |
$0.50 exercisable for a period of 30 months from the date of issuance. |
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Warrant Extension Provision: |
If the closing market price of MMG five trading days prior to the Warrants’ expiry is at or below $0.50, |
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Number of Placees: |
7 Placees |
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Insider / Pro Group Participation: |
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Insider= Y / |
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Name |
ProGroup= P |
Number of Units |
|
Scott Petsel |
Y |
25,000 |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued news releases announcing the closing of the private placement setting out the expiry dates of the hold period(s) on June 17, 2022 and July 13, 2022.
__________________________________
MINEHUB TECHNOLOGIES INC. (“MHUB“)
BULLETIN TYPE: Convertible Debenture(s), Amendment
BULLETIN DATE: July 18, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an extension of the maturity date and term of the underlying warrants of the following convertible debenture(s):
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Convertible Debenture: |
CDN$126,500 principal amount outstanding |
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Original Conversion Price: |
Convertible into common shares at CDN$0.25 of principal amount outstanding per share until maturity. |
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Original Maturity Date: |
July 31, 2022 |
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Amended Maturity Date: |
July 31, 2023 |
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Interest Rate: |
5% per annum |
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Convertible Debenture: |
CDN$624,500 principal amount outstanding |
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Original Conversion Price: |
Convertible into units at CDN$0.25 of principal amount outstanding per unit until maturity. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is now exercisable into one common share at CDN$0.50 until July 31, 2024. |
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Original Maturity Date: |
July 31, 2022 |
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Amended Maturity Date: |
July 31, 2023 |
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Interest Rate: |
5% per annum |
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Convertible Debenture: |
CDN$20,000 principal amount outstanding |
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Original Conversion Price: |
Convertible into units at CDN$0.25 of principal amount outstanding per unit until maturity. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is now exercisable into one common share at CDN$0.50 until July 31, 2024. |
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Original Maturity Date: |
July 31, 2022 |
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Amended Maturity Date: |
July 31, 2023 |
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Interest Rate: |
5% per annum |
These convertible debentures were issued prior to the Company listing on the TSX Venture Exchange.
For further information, please refer to the Company’s news release dated June 28, 2022 and Long Form Prospectus dated August 18, 2021 and filed on SEDAR.
____________________________________________
NEW ZEALAND ENERGY CORP. (“NZ“)
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture, Amendment
BULLETIN DATE: July 18, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an amendment to the maturity date of the following convertible debenture:
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Convertible Debenture: |
$2,000,000 principal amount outstanding |
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Original Conversion Price: |
Convertible into common shares at $0.30 of principal amount outstanding per share until maturity. |
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Original Maturity Date: |
August 16, 2022 |
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Amended Maturity Date: |
November 6, 2022 |
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Interest Rate: |
10% per annum |
This debenture was issued pursuant to a private placement that was originally accepted for filing by the Exchange effective August 17, 2021.
For further information, please refer to the Company’s news release dated July 18, 2022.
_______________________________________
OSTROM CLIMATE SOLUTIONS INC. (“COO“)
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: July 18, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 11, 2022:
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Convertible Debenture |
$280,000 |
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Conversion Price: |
Convertible into 2,800,000 common shares at $0.10. |
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Maturity date: |
June 14, 2027 |
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Interest rate: |
5% per annum |
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Number of Placees: |
1 placee |
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Insider / Pro Group Participation: |
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Insider=Y / |
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Name |
ProGroup=P |
# of Shares upon conversion |
|
WBZ GmbH |
Y |
2,800,000 |
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.
________________________________________
WARRIOR GOLD INC. (“WAR”)
BULLETIN TYPE: Private Placement – Non-Brokered
BULLETIN DATE: July 18, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 20, 2022:
|
Number of Shares: |
3,100,000 non-flow-through units (“Units”), each Unit consisting of one common share in the capital of the Company (“Common Share”) |
|
|
5,455,713 flow-through units (“FT Units”), each FT Unit consisting of one flow-through common share (“FT Share”) and one-half of one |
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Purchase Price: |
$0.05 per Unit and $0.07 per FT Unit. |
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Warrants: |
4,277,856 whole Warrants to purchase 4,277,856 Common Shares. |
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Warrant Price: |
$0.10 exercisable for a period of 12 months from the date of issuance. |
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Warrant Extension Provision: |
If the closing market price of the Company on the Exchange is greater than $0.20 for 20 or more consecutive trading days, |
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Number of Placees: |
10 Placees |
|
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Insider / Pro Group Participation: |
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Insider= Y / |
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Name |
ProGroup= P |
Number of FT Units |
|
Steve Burelton |
Y |
400,000 |
|
Daniele Spethmann |
Y |
714,285 |
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Finders’ Fee: |
$7,000 cash and 140,000 Broker Warrants paid to Fosters & Associates Financial Services Inc. |
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$1,400 cash and 28,000 Broker Warrants paid to Haywood Securities Inc. |
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$1,400 cash and 28,000 Broker Warrants paid to Kernaghan Partners Ltd. |
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$14,000 cash and 200,000 Broker Warrants paid to Raymond James Ltd. |
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Each Broker Warrant is exercisable into Common Shares at $0.05 per Common Share for a |
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Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued news releases announcing the closing of the private placement setting out the expiry dates of the hold period(s) on July 13, 2022.
__________________________________
SOURCE TSX Venture Exchange
View original content: http://www.newswire.ca/en/releases/archive/July2022/18/c3607.html
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