Company Announcements

VANCOUVER, BC , Feb. 28, 2023 /CNW/ - TSX VENTURE COMPANIES

CAROLINA RUSH CORPORATION ("RUSH")
[formerly Pancontinental Resources Corporation ("PUC")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: February 28, 2023
TSX Venture Tier 2 Company

Pursuant to a special resolution passed by shareholders on February 2, 2023, the Company has consolidated its capital on a (10) ten old for (1) one new basis.  The name of the Company has also been changed as follows.

Effective at the opening on Thursday, March 2, 2023, the common shares of Carolina Rush Corporation will commence trading on TSX Venture Exchange, and the common shares of Pancontinental Resources Corporation will be delisted.  The Company is classified as a "Gold Exploration" company.

Post - Consolidation
Capitalization:                                     Unlimited  shares with no par value of which
                                                            27,426,229  shares are issued and outstanding
Escrow:                                               Nil  shares

Transfer Agent:                                       TSX Trust Company
Trading Symbol:                                      RUSH                   (NEW)
CUSIP Number:                                      14416W108           (NEW)

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SATURN OIL & GAS INC. ("SOIL") ("SOIL.R")
BULLETIN TYPE:  Delist-Subscription Receipts
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2 Company

Effective at the close of business on March 1, 2023, the Subscription Receipts (the "Receipts") of Saturn Oil & Gas Inc. (the "Company") will be delisted from TSX Venture Exchange (the "Exchange").  This action results from the satisfaction of the escrow release conditions pertaining to the closing of the acquisition of all of the issued and outstanding securities of Ridgeback Resources Inc. (the "Acquisition").

As a result of the closing of the Acquisition, the trading of the Receipts under the ticker "SOIL.R" has been halted on February 28, 2023 and there will be no further trading of the Receipts on the Exchange as they will be converted into common shares ("Shares") of the Company.  An aggregate of 59,242,000 Shares will be issued on conversion of the Receipts. 

For further details, please refer to the Company's Prospectus Supplement filed on SEDAR on January 24, 2023 and the Company's news releases dated January 20, 2023 and February 28, 2023.

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MORIEN RESOURCES CORP. ("MOX")
BULLETIN TYPE:  Declaration of a Dividend
BULLETIN DATE: February 28, 2023
TSX Venture Tier 2  Company

The Issuer has declared the following dividend:

Dividend Amount per Common Share:  $0.0025
Payable Date:  March 28, 2023
Record Date: March 13, 2023
Ex-dividend Date: March 10, 2023

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23/02/28  - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES
ESE ENTERTAINMENT INC.  ("ESE ")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to an amendment to an existing loan to a Non-Brokered Private Placement, announced February 15, 2023:

Convertible Debenture               Funded Amount of $475,000 (all from an existing loan and no new funds are being raised).

Conversion Price:                      Convertible into units consisting of up to 1,144,578 common shares and up to 1,144,578 common share purchase warrants at $0.415 of Funded Amount outstanding at any time prior to maturity.

Maturity date:    August 5, 2023.

Warrants:           Each warrant will have a term of two years from the date of issuance of the notes and entitle the holder to purchase one common share.  The warrants are exercisable at the price of $0.70 in both years 1 and 2.

Interest rate:      10% per annum. Debentures were issued at 5% original issue discount and, along with interest, can be converted into shares at the greater of: 1) Market Price or higher, at the time of settlement, and 2) The conversion price of $0.415. Anything else will be subject to Exchange approval.

Number of Placees:                   1 placee

The Company issued a news release on February 15, 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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FOUR ARROWS CAPITAL CORP. ("AROW.P")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  February 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 December 30, 2022:

Number of Shares:                    100,000 shares
Purchase Price:                         $0.05 per share
Number of Placees:                   1 placee
Insider / Pro Group Participation:

The Company issued a news release on February 17, 2023 confirming closing of the private placement. 

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FRONTIER LITHIUM INC.  ("FL ")
BULLETIN TYPE:  Halt
BULLETIN DATE:  February 28, 2023
TSX Venture Tier  2 Company

Effective at 6:11  a.m. PST, Feb. 28, 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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FRONTIER LITHIUM INC.  ("FL ")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  February 28, 2023
TSX Venture Tier  2 Company

Effective at 8:15  a.m. PST, Feb. 28, 2023, shares of the Company resumed trading, an announcement having been made.

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HERCULES SILVER CORP. ("BIG")
BULLETIN TYPE:  Halt
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2  Company

Effective at 5:49  a.m. PST, Feb. 28, 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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HERCULES SILVER CORP. ("BIG")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  February 28, 2023
TSX Venture Tier  2 Company

Effective at  6:45  a.m. PST, Feb. 28, 2023, shares of the Company resumed trading, an announcement having been made.

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HPQ SILICON INC. ("HPQ ")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation relating to a purchase agreement (the "Agreement") dated February 21, 2023, between HPQ Silicon Inc. (the "Company") and three arm's length parties (the "Inventors"). Pursuant to the Agreement, the Company shall acquire all the rights held by the Inventors in relation to a patent application.

Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at the price of $0.32 for a period of 2 years.

For further details, please refer to the Company's news release dated February 21, 2023.

HPQ SILICIUM INC.  (« HPQ »)
TYPE DE BULLETIN :   Convention d'achat de propriété d'actif ou d'actions
DATE DU BULLETIN : Le 28 février 2023
Société du groupe 1 de TSX Croissance

Bourse de croissance TSX a accepté le dépôt de documents relative à une convention d'achat (la « convention ») datée du 21 février 2023, entre HPQ Silicium Inc. (la « société ») et trois personnes sans lien de dépendance (les « inventeurs »). Conformément à la convention, la société acquerra les droits détenues par les inventeurs en relation à une demande de brevet.

Chaque unité est composée d'une action ordinaire et d'un bon de souscription ordinaire. Chaque bon de souscription ordinaire permet à son détenteur de souscrire à une action ordinaire à un prix de 0,32 $ par action pour une période de 2 ans.

Pour plus d'information, veuillez-vous référer au communiqué de presse émis par la société le 21 février 2023.

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INDIGO EXPLORATION INC.  ("IXI ")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  February 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 February 9, 2023:

Number of Shares:                    10,000,000 shares

Purchase Price:                         $0.06 per share

Warrants:                                   5,000,000 share purchase warrants to purchase 5,000,000 shares

Warrant Exercise Price:             $0.10 for a two-year period

Number of Placees:                   25 placees

The Company issued a news release on February 27, 2023, confirming the 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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MANITOU GOLD INC.  ("MTU ")
BULLETIN TYPE:  Halt
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2  Company

Effective at 4:47 a.m. PST, Feb. 28, 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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MANITOU GOLD INC.  ("MTU ")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2  Company

Effective at  7:00 a.m. PST, Feb. 28, 2023, shares of the Company resumed trading, an announcement having been made.

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NEWRANGE GOLD CORP. ("NRG")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing of the Company's proposal to issue 14,019,918 to five arm's length parties at a deemed price of $0.015 per share and to settle the outstanding debt of CAD$ 210,298.76 and issue 6,166,667 shares to three non-arm's length party to settle outstanding debt for $ 92,500.

Number of Creditors:                 8 Creditors

Insider / Pro Group Participation:

Creditors                               # of Creditors   Amount Owing    Deemed Price     Aggregate #
                                                                                                          per Share            of Shares
Aggregate Existing Insider's
Involvement:                              3                     $92,500.00            $0.015                  6,166,667

For more details, please refer to the Company's news releases dated January 11, 2023 and February 27, 2023.

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NICKEL ROCK RESOURCES INC. ("NICL ")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  February 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 February 21, 2023:

Number of Shares:                    33,304,000 Shares

Purchase Price:                         $0.05 per Share

Warrant:                                    33,304,000 share purchase warrants to purchase 33,304,000 shares 

Warrant Purchase Price:           $0.065 for 5 years from the date of issuance.

Number of Placee:                    23 Placee
Insider / Pro Group Participation:

Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release on February 21, 2023, announcing the closing of the private placement.

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ROVER METALS CORP.  ("ROVR")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  February 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 November 16, 2022, December 21, 2022, January 30, 2023, February 14, 2023 and February 21, 2023:

Number of Shares:                    11,000,000 shares

Purchase Price:                         $0.08 per share

Warrants:                                   11,000,000 share purchase warrants to purchase 11,000,000 shares

Warrant Exercise Price:             $0.12 for a 30 month period

Number of Placees:                   51 placees

Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.12 for period of 30 months from the date of issuance.

The Company issued a news release on February 27, 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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SATURN OIL & GAS INC. ("SOIL.R") 
BULLETIN TYPE:  Halt
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2  Company

Effective at 4:43  a.m. PST, Feb. 28, 2023, trading in the shares of the Company was halted pending delisting; 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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SATURN OIL & GAS INC. ("SOIL")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  February 28, 2023
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to an arm's length Arrangement Agreement dated January 20, 2023 (the "Agreement") between the Company and Ridgeback Resources Inc. (the "Vendor"). Pursuant to the Agreement, the Company will acquire all of the issued and outstanding securities of the Vendor for total consideration of $525 million.

For further details, please refer to the Company's news release dated January 20, 2023 and February 28, 2023.

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TUDOR GOLD CORP. ("TUD")
BULLETIN TYPE:  Private Placement – Non-Brokered
BULLETIN DATE:  February 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 February 16, 2023:

Number of Shares:                    320,000 common share units ("Units"). Each Unit consists of one common share in the capital of the Company ("Share") and one Share purchase warrant ("Warrant").

Purchase Price:                         $1.25 per Unit.

Warrants:                                   320,000 Warrants to purchase 320,000 Shares.

Warrant Price:                            $1.75, exercisable for a period of 24 months from the date of issuance.

Number of Placees:                   3 placees.

Finder's Fee:                              None.

Insider / Pro Group Participation: None.

The Company issued a news release on February 16, 2023, confirming the 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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SOURCE TSX Venture Exchange