RED PINE PETROLEUM LTD. ("RPN")
[formerly Red Pine Investment Ltd. ("RPN.H")]
BULLETIN TYPE: Qualifying Transaction-Completed, Name Change, Graduation from NEX to TSX Venture, Symbol Change, Private Placement-Non-Brokered, Resume Trading
BULLETIN DATE: January 20, 2014
NEX Company
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated January 8, 2014. As a result, at the opening on Tuesday, January 21, 2014, the Company will no longer be considered a Capital Pool Company and shares of the Company will resume trading. The Qualifying Transaction includes the following:
Farm-In Agreement dated September 30, 2013 between the Company and Golden Coast Energy Corp. ("Golden Coast"), entitling the Company the right to earn a 60% interest in Oil and Gas assets in Alberta, in consideration of the expenditures of $1,000,000 on the Assets.
In addition, the Exchange has accepted for filing the following:
Graduation from NEX to TSX Venture:
The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective at the opening on Tuesday, January 21, 2014, the Company's listing will transfer from NEX to TSX Venture; the Company's Tier classification will change from NEX to Tier 2; the Filing and Service Office will change from NEX to Vancouver; and the trading symbol for the Company will change from RPN.H to RPN.
Name Change:
Pursuant to a resolution passed by directors, the Company has changed its name as follows from Red Pine Investment Ltd. to Red Pine Petroleum Ltd. There is no consolidation of capital.
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 9, 2013:
Number of Shares: 21,000,002 shares
Purchase Price: $0.06 per share
Warrants: 21,000,002 share purchase warrants to purchase 21,000,002 shares
Warrant Exercise Price: $0.10 for an eighteen month period
Number of Placees: 8 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of units
Hung Hoi Ming Raymond Y 4,141,667
Mingying Fu Y 6,666,667
Finder's Fee: $113,400 payable to Ying Wang
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.
The Exchange has been advised that the above transactions have been completed. Further information on the transaction is available in the Company's filing statement dated January 8, 2014 and news releases dated July 3, 2013, August 9, 2013, August 23, 2013, September 20, 2013, September 26, 2013, October 2, 2013, January 9, 2014 and January 17, 2014.
Capitalization: Unlimited shares with no par value of which
31,250,002 shares are issued and outstanding
Escrowed Shares: 7,666,667 common shares subject to the CPC escrow agreement
2,000,000 common shares subject to the tier 1 value escrow agreement
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: RPN same symbol as NEX but with .H removed
CUSIP Number: 75687A109 (new)
The Company is classified as an "oil and gas exploration and development" company.
Company Contact: Paul Chung
Company Address: 620 - 650 West Georgia St.
Vancouver, B.C., V6B 4N9
Company Phone Number: 604-681-0405
Company Fax Number: 604-687-4670
Company Email Address: info@redpineinvestment.com
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