QIS Update #24 2013 - October 24th 2013
Included in this update:
- Financing Opportunities
- The Small-Cap Conference – Vancouver – Nov. 12, 2013
The Small-Cap Conference in Vancouver is less than three weeks away.
To register, visit: www.smallcapconference.ca/register.php
This is going to be one of our best conferences ever! We have a tremendous line up of presenting companies and fundamental companies are again in a positive spotlight. Presenting companies this year come from a variety of industries including manufacturing, food production, oil & gas, servicing, mining, and more.
We encourage you to attend the conference and/or help us spread the word about this event on your blogs, twitter feeds, facebook accounts, and other social media. Strong attendance and quality presenters are the keys to a successful conference and we are targeting an excellent one this year!
Conference Schedule: www.smallcapconference.ca/vancouver1113.php
Please feel free to email us anytime at firstname.lastname@example.org or call us at (250) 377-1182. We look forward to your comments, questions, and feedback.
More Info: www.smallcaps.ca/financings
Magnum Capital Corp. (MGK.P:TSX-V)
Super Flow-Through Financing
Magnum Capital (MGK.P) is conducting a super flow-through financing at $0.10. This means for BC residents, they would get an extra 20% tax savings provincially on top of the federal and provincial flow-through credits which offset ordinary income. For those outside of British Columbia, you would get the regular flow-through deductions which offset ordinary income. Magnum has entered into an agreement with International Bethlehem Mining and has an option to acquire a 51% interest in the "LH Gold Property" in the Slocan Mining Division of southeastern BC. The property has an extisting 43-101 technical report dated July 12, 2103. If fully subscribed, Magnum would have 11.5 million common shares and 18.725 million fully-diluted shares outstanding.
Non-Brokered Private Placement Financing Terms:
- 3 million non-flow through Units @ $0.10 per Unit, with each Unit consisting of one common share and one warrant exercisable @ $0.10 for a period of two years ; and
- 3 million flow through shares @ $0.10 per Share with no warrant
- TSX-V prescribed 4 month hold period
- 10% arm’s length finders’ fee (payable in cash or Units)
Brief Company Overview:
In September 2012, Magnum Capital Corp. (“Magnum”) entered into an agreement with International Bethlehem Mining Corp. (“IBC”) granting Magnum an option to acquire a 51% undivided interest in IBC’s “LH Property”, a gold exploration property. Magnum is a Capital Pool Company (“CPC”) under Policy 2.4 of the TSX Venture Exchange (“TSXV”) and the acquisition of the LH Property is Magnum’s proposed “Qualifying Transaction” which the TSXV has conditionally accepted, together with Magnum’s Filing Statement dated August 16, 2013 (as filed and available on Sedar).
The LH Property consists of nineteen crown granted mineral claims, totalling 335.67 hectares in size (LH Claims), and three contiguous map staking claims totalling 123 cell units and one non-contiguous map staking claim totalling one cell unit (Willa Claims). The LH Property is located east of Slocan Lake approximately 7 km south of the village of Silverton, in the Slocan Mining Division of southeastern British Columbia.
As referred to in the NI 43-101 Technical Report (dated July 12, 2013) prepared for Magnum by John Kowalchuk, BSc., P.Geo., until 1987, all work on the LH Property focussed on exploring for extensions to the narrow, high grade epithermal quartz vein hosted gold mineralization (a copy of the NI 43-101 Technical Report has been filed on Sedar and is available for review). In November 2012, IBC completed an initial core drill hole exploration program on the LH Property, which comprised a single, helicopter supported 246 metre drill hole (LH-12-25) in the “Ridge Zone” of the LH Property. The drilling by IBC confirmed the presence of the Ridge Zone mineralization, which is now the target for further exploration.
Blackbird Energy Inc. (BBI:TSX-V)
Summary of Offering:
Blackbird Energy (BBI) - flow-through at $0.10 and unit offering with warrant at $0.09. Blackbird is currently logging their Mantario well and should have results out in the next week. If successful, this play should mirror Rock Energy (RE) to the North which has drilled 31 wells into the targeted formation and has production of over 3,100 boepd. BBI has 27 development wells in the area on 40 acre spacing or up to 54 wells on 20 acre spacing. The Mantario play is a company maker if they're successful and management is very optimistic that they have a similar play based on extensive seismic. Blackbird also has an exciting new play at Bromhead and has existing production and development opportunities at Flaxcombe, and Bigstone. The company has over 18 sections of Montney lands.
Complete Financing Details:
Blackbird Energy Inc. intends to carry out a non-brokered private placement for gross proceeds of up to $1.5-million. The private placement will consist of flow-through shares at a price of 10 cents per flow-through share for gross proceeds of up to $500,000, and non-flow-through units at a price of nine cents per unit for gross proceeds of up to $1-million.
Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of 15 cents per warrant share for a period of 24 months following the closing date. The warrants will be subject to an early acceleration provision which provides for the mandatory exercise or expiry of the warrants in the event Blackbird's shares close at 30 cents or higher for at least 10 consecutive trading days. In such event, the warrants will accelerate and expire 30 days after the company has given notice of the acceleration to the warrantholders.
Blackbird intends to pay finders' fees in the form of an 8-per-cent cash commission and 8-per-cent finders' warrants in connection with the private placement. The private placement is subject to approval from the TSX Venture Exchange and all of the securities issued pursuant to the private placement will be subject to a four-month hold period from the date of issue.
Blackbird Profile and Company Presentation:
If there is interest in either of these two financings, please let us know as soon as possible. Investors must meet the accredited investor criteria in order to participate. If you need clarification on these requirements or if you would like more information on flow-through offerings, please let us know.
Phone: (250) 377-1182
Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 802,500 shares and 450,000 options of Blackbird Energy Inc. and nil shares of Magnum Capital Corp. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2013 QIS Capital Corporation.