TSX Venture Exchange - Daily Bulletins

TSX Venture Exchange - Daily Bulletins

March 09, 2005 16:44 ET

TSX Venture Exchange Daily Bulletins for March 9, 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TSX VENTURE EXCHANGE - DAILY BULLETINS

MARCH 9, 2005 - 16:44 ET

TSX Venture Exchange Daily Bulletins for March 9, 2005

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 9, 2005) -



TSX VENTURE COMPANIES

AVALON WORKS CORP. ("AWB")
BULLETIN TYPE: Halt
BULLETIN DATE: March 9, 2005
TSX Venture Tier 1 Company

Effective at 8:38 a.m. PST, March 9, 2005, 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.
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AZURE RESOURCES CORP. ("AZR")
BULLETIN TYPE: Property-Asset Agreement
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation in
connection with the settlement of an arbitration proceeding whereby
the Company has been granted the option to acquire all the issued
and outstanding shares of Dufferin Resources Inc. ('Dufferin') which
is a wholly-owned subsidiary of Newfoundland Goldbar Resources Inc.
('Goldbar'). Upon the acquisition of these shares, the Company will
own a 100% interest in the Dufferin property that is located in
Halifax County, Nova Scotia, which is subject to a 3% net smelter
return royalty on the production of gold from ore mined on the
Dufferin property (which will be reduced to 2% on the earlier of:
(i) the Company paying $800,000 into a trust account for Dufferin's
creditors from these 3% NSR payments and from a 5% processing fee on
ore from the Company's other properties in Nova Scotia which is
processed at the Dufferin property mill; and (ii) 5 years from the
Closing Date.

Share Consideration: Company will issue 500,000 common shares to
Goldbar 200,000 common shares upon Exchange acceptance of the
transaction for filing, an additional 100,000 common shares on the
earlier of April 15, 2005 or recommencement of production from the
Dufferin property, an additional 100,000 common shares on or before
February 16, 2006 and an additional 100,000 common shares on or
before August 15, 2006. The Company has also agreed to grant Goldbar
warrants to acquire a further 250,000 shares of the Company at a
price of $0.25 per share for a two year period from the Closing Date
provided that such warrants will not be exercisable until six months
after the Closing Date.

Cash Consideration: The Company will have the sole discretion to
settle the outstanding debts and accounts payable of Dufferin which
is estimated at $1,220,000 provided that any payments made to the
creditors which exceed $800,000 will be the Company's
responsibility. In the event that the Company is able to settle the
indebtedness for less than $800,000, it shall be entitled to retain
the differential between the settlement amount and $800,000.

Work Commitments: The Company has agreed to replace any existing
reclamation bonds on the Dufferin property within 18 months of
February 2, 2005.
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DETECTOR EXPLORATION LTD. ("DEX")
BULLETIN TYPE: Property-Asset Acquisition
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pursuant
to a non-arm's length transaction between Detector Exploration Ltd.
(the 'Company') and BigStick Energy Ltd. (the 'Vendor'), whereby the
Company has acquired oil and gas assets located in the Ribstone area
of Alberta. We note that in consideration, the Company will pay to
the Vendor a total of $90,000 cash. For further information, please
refer to the Company's news release dated February 25, 2005.
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GOLD REACH RESOURCES LTD. ("GRH")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced February 17,
2005:

Number of Shares: 1,920,000 shares

Purchase Price: $0.20 per share

Warrants: 1,920,000 share purchase warrants to
purchase 1,920,000 shares

Warrant Exercise Price: $0.30 for a one year period

Number of Placees: 22 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Mike Sieb Y 125,000
Conrad Swanson Y 175,000
Robert Sheppard P 125,000
Shayne Nyquvest P 125,000
AE Turton Investments
Ltd. (A.E. Turton) P 125,000
Al Morishita P 50,000
Norman E. Thompson P 50,000
Tanuja DeSilva Y 25,000

Finder's Fee: $8,000 cash and (i)40,000 Warrants payable
to Canaccord Capital Corp.
$800 cash and (i)4,000 Warrants payable to
Union Securities Ltd.
(i) Warrants are under the same terms as
those to be issued pursuant to the private
placement.

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. 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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INDICATOR MINERALS INC. ("IME")
BULLETIN TYPE: Shares for Bonus
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the proposal by
Indicator Minerals Inc. ('Indicator') to issue 359,193 bonus
warrants to Hunter Exploration Group ('Hunter') in consideration for
the posting of a $287,355 bond with the Nunavut Mining Recorder. The
posting of the bond by Hunter on behalf of Indicator will keep the
prospecting permits, located near Kugaaruk and Taloyoak in Nunavut,
in good standing for a one-year period. Under the terms of a letter
agreement dated January 26, 2005, the bonus warrants will be
exercisable by Hunter at a price of $0.45 per common share until
January 26, 2007. The warrants will expire on July 31, 2005 if the
diamond rights are transferred to Hunter pursuant to default on
repayment of the Hunter bond.
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MANSON CREEK RESOURCES LTD. ("MCK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non - Brokered Private Placement announced January 20,
2005:

Number of Shares: 5,454,545 Non Flow Through common shares
1,071,428 Flow Through Common shares (FT)

Purchase Price: $0.11 per Non Flow Through Share
$0.14 per Flow Through Share (FT)

Warrants: 6,525,973 share purchase warrants to
purchase 6,525,973 Non Flow Through common
shares

Warrant Exercise Price: $0.14 for a twenty four (24) month period

Number of Placees: 44 placees

Insider / Pro Group Participation:

Insider equals Y
Name Progroup equals P # of Units

Murray Weimer P 302,000
(FT)100,000
Louise Duchesne P 100,000
(FT)100,000
Steve Taylor P 45,000
Douglas Porter P 200,000
Todd Hagel P 35,000
Barbara O'Neill ITF Y 25,000
Alexander O'Neill
Cale Balfour P (FT)36,000
Shane Ebert Y (FT)72,000
Marie Fairburn Y 20,000
Calvin Fairburn Y 30,000
Gregory Smith Y (FT)104,000
Jean Pierre Jutras Y (FT)36,428
Regan Chernish Y 50,000
Gary Voncina P 100,000
Barbara O'Neill Y 100,183
Alice Wayne P 125,000
Mark Wayne P 125,000
Sylvie Jutras Y 28,000
James Devonshire Y (FT)94,000

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).
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MATADOR EXPLORATION INC. ("MXN")
BULLETIN TYPE: Property-Asset Acquisition
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pursuant
to an arm's length letter agreement dated February 18, 2005 between
Matador Exploration Inc. (the 'Company') and Michlange Pty. Ltd.
(the 'Vendor'), whereby the Company has acquired the remaining 20%
interest in its subsidiary Kinver Mining Pty. Ltd. In connection
with the acquisition, the Company will pay to the Vendor the sum of
AUS $50,000 and issue 175,000 common shares at a deemed price of
$0.55 per share.
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MOLYCOR GOLD CORP. ("MOR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced January 6, 20,
24, 25 and 26, 2005:

Number of Shares: 3,124,285 shares

Purchase Price: $0.14 per share

Warrants: 3,124,285 share purchase warrants to
purchase 3,124,285 shares

Warrant Exercise Price: $0.16 for a two year period

Number of Placees: 41 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Patricia O'Neill P 100,000
Teresa Piorun Y 40,000
Larry W. Reaugh Y 84,000
Martin Burian P 75,000

Finder's Fee: Charles Louth will receive $280
Nathan Stratulat will receive $1,260
Janice Robb will receive $3,304
Shammi Ratti will receive $3,500

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.
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NORTEC VENTURES CORP. ("NVT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced January 31,
2005:

Number of Shares: 6,213,499 shares of which 4,972,166 have
flow through features

Purchase Price: $0.15 per share

Warrants: 6,213,499 share purchase warrants to
purchase 6,213,499 shares

Warrant Exercise Price: $0.225 for a one year period

Number of Placees: 66 placees

Insider / Pro Group Participation:

Insider equals Y /
Name ProGroup equals P / # of Shares

Grant Crooker Y 120,000 f/t
Haywood Securities Inc.
ITF Richard Richards Y 100,000 f/t
Mohan Vulimiri Y 100,000 f/t
Tegart Consulting Ltd.
(Peter Tegart) Y 100,000 n/f/t
Raymond James Ltd. ITF
John B. Ross P 200,000 f/t

Finder's Fee: Canaccord Capital Corporation will receive
19,388 shares
Haywood Securities Inc. will receive
124,950 shares
Len Hynes will receive 47,050 shares
Raymond James Ltd. will receive 107,625
shares
Union Securities Ltd. will receive 11,250
shares

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. (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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PLATFORM RESOURCES INC. ("PFM")
BULLETIN TYPE: Short Form Offering Document-Distribution
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

The Company's Short Form Offering Document dated January 31, 2005
was filed with and accepted by TSX Venture Exchange (the 'Exchange')
on February 3, 2005. The Exchange has now been advised that the
Offering closed on February 25, 2005.

Agent: Canaccord Capital Corporation

Offering: 6,000,000 units at a price of $0.30 per
unit and up to 571,429 flow-through common
shares at a price of $0.35 per flow-
through common share. Each unit is
comprised of one common share and one-half
of one common share purchase warrant, each
whole warrant entitling the holder to
purchase one common share at a price of
$0.45 per share for a period of twelve
months from the date of issuance. The
warrants will be transferable and may be
listed for trading on the Exchange in the
event that a sufficient number of warrants
are purchased under the Offering to meet
the minimum listing and distribution
requirements of the Exchange.

Agent's Warrants
and Units: The Agent will receive non-transferable
warrants equal to 10% of the aggregate
number of units and flow-through common
shares sold under the Offering, with each
warrant entitling the Agent to purchase one
common share at a price of $0.30 per common
share for a period of twelve months from
the date of issuance. The Agent will also
receive 80,000 Corporate Finance Units,
with each Corporate Finance Unit comprised
of one common share and one common share
purchase warrant. Each whole warrant will
entitle the holder to purchase one common
share at a price of $0.30 per common share
twelve months from the date of issuance.

Agent's Commission: 7% of the aggregate gross proceeds received
by the Company, from the sale of the
Offering, payable in cash.

For further information, refer to the Company's Short Form Offering
Document dated January 31, 2005.
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POLYMET MINING CORP. ("POM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 9, 2005
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for expedited filing documentation
with respect to a Non-Brokered Private Placement announced February
11, 2005:

Number of Shares: 9,000,000 shares

Purchase Price: $0.55 per share

Warrants: 9,000,000 half share purchase warrants to
purchase 4,500,000 shares

Warrant Exercise Price: $0.70 for a two year period

Number of Placees: 10 placees

Finder's Fee: Ocean Securities will receive $124,823 and
113,475 shares
Jones, Gable & Company Limited will receive
27,900 shares
Hedger Asset Management will receive 131,675
shares
Marie-Laure Thomas will receive 171,900
shares

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. (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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REDSTAR GOLD CORP. ("RGC")
BULLETIN TYPE: Property-Asset Agreement
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for expedited filing documentation
pertaining to a purchase agreement dated January 21, 2005 between
Redstar Gold Corp. (the 'Company') and AngloGold Ashanti North
America Inc. ('AngloGold') pursuant to which the Company may acquire
a 100% in 39 mineral claims located in Todd, Hammell Lake and Ball
Townships, Atikokan area, Ontario. In consideration, the Company
will issue a total of 700,000 shares over a three year period
(100,000 shares on approval). If a mine is put into production,
AngloGold may receive additional common shares having a deemed
aggregate value of up to $2,500,000 based on levels of production
from the property. AngloGold also retains a maximum 1% net smelter
return royalty.
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REDSTAR GOLD CORP. ("RGC")
BULLETIN TYPE: Property-Asset Agreement
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for expedited filing documentation
pertaining to a Purchase Agreement dated January 5, 2005 between
Redstar Gold Corp. (the 'Company') and AngloGold Ashanti North
America Inc. ('AngloGold') pursuant to which the Company may acquire
a 100% interest in a database containing exploration date compiled
for mineral properties in the Western United States (the
'Database'). The Company will issue to Anglogold 100,000 shares for
the exclusive right to use the Database for an 18 month period,
which may be extend by issuing a further 100,000 shares for each
year of extension. Once the Company has spent $2,000,000 on
properties which it has acquired in Nevada, the Company will have
earned a 100% interest in the Database. Anglogold retains a 60%
back-in right on any Nevada property exercisable within 120 days
after the Company has incurred exploration expenditures of $750,000
on the property.
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WESTERN WIND ENERGY CORP. ("WND")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

Effective at the opening, PST, March 9, 2005, shares of the Company
resumed trading, an announcement having been made over StockWatch.
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WESTERN WIND ENERGY CORP. ("WND")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 9, 2005
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with
respect to a Non-Brokered Private Placement announced February 9,
2005:

Second Tranche:

Number of Shares: 540,853 shares

Purchase Price: $0.82 per share

Warrants: 540,853 share purchase warrants to purchase
540,853 shares

Warrant Exercise Price: $1.03 for a two year period

Number of Placees: six placees

Finder's Fee: $15,000 plus 18,295 shares payable to
Pacific International 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.
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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    TSX Venture Exchange
    Market Services
    (416) 947-4452
    Email: marketdata@tsx.ca