The TSX Venture Exchange on Tuesday announced several significant updates related to multiple companies listed on the exchange.
Shares of Baru Gold Corp. (TSXV:BARU) were halted effective 6:28 a.m. PST on Tuesday, pending news. The regulatory halt was imposed by the Investment Industry Regulatory Organization of Canada (IIROC), the Market Regulator of the Exchange, as per Section 10.9(1) of the Universal Market Integrity Rules.
FuelPositive Corp (TSXV:NHHH) reached an agreement to issue 22,096,123 common shares at a deemed value of $0.065 per share and 22,096,123 common share purchase warrants, each exercisable at $0.09 per share for a period of 3 years, to settle outstanding debt for $1,436,248. The proposal was accepted by the TSX Venture Exchange and involves 12 creditors.
Trading in the shares of Lithium Chile Inc (TSXV:LITH) was also halted effective at 7:15 a.m. PST on Tuesday, pending news. This regulatory halt was similarly imposed by IIROC. However, trading resumed later that day at 8:15 a.m. PST following an announcement.
Marvel Discovery Corp (TSXV:MARV) completed a non-brokered private placement with TSX Venture Exchange accepting the filing documentation. The placement included 4,300,000 Flow-through Units priced at $0.07 per unit and 1,250,000 Non-Flow-Through Units priced at $0.06 per unit. The placement also included 3,400,000 share purchase warrants with varying exercise prices for a two-year period.
Pivotree Inc (TSXV:PVT). announced its intention to make a Normal Course Issuer Bid which may result in the repurchase for cancellation of up to 1,924,014 shares in its own capital stock through the facilities of TSX Venture Exchange or other recognized marketplaces during the period from August 8, 2023 to August 7, 2024.
Other companies including Portofino Resources Inc., Sage Potash Corp., Sky Gold Corp., and South Atlantic Gold Inc., also made significant announcements regarding private placements and shares for services agreements.