Canadian Financing Bulletin

Canadian Financing Bulletin

June 23, 2010 09:50 ET

Canadian Financing Bulletin (CFB) Reports $206m Proposed and $354m Closed Financings for the Week of June 14 to June 18

European Goldfields Ltd. Closes Project Facility for US$120m

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2010) - In this week's report, the CFB published term sheets for 45 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 32 were for mining stocks, seven for oil/gas and six for technology stocks with the total value of new proposals reached over $206m. Ten of these placements were designated 'flow through' issuances and there were no new debenture offerings. The largest new public proposal was by Equal Energy Ltd (EQU.TO), which launched a share offering consisting of 3.7m shares priced at $6.75 led by Wellington West Capital Markets.

The CFB published term sheets for 67 placements that were closed during the week. Of these, 49 were for mining stocks, thirteen for oil/gas, and five for technology stocks, with the total value of these closings being over $354m. Thirteen of these placements were designated 'flow through' issuances and one debenture closed. The largest public closing was by Luna Gold Corp (LGC.TO) which issued 58.9m special warrants priced at $0.56, convertible into 58.9m units with 1/2 warrants attached for gross proceeds of $33m in a non-brokered placement.

The CFB also tracked eleven amendments to placements, two cancellations, and five overallotments, published at the end of the weekly report. To date, there have been 298 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click HERE to download this weeks' summary.

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The Canadian Financing Bulletin is produced and distributed by Blender Media.

Since CFB began offering its weekly report over five years ago, it has developed other more wide reaching reports that have now been published. Our quarterly and year-in-review reports provide charts, graphs and other comparative tables that exhibit sophisticated capital market intelligence. The data in these reports has been read by thousands of executives, investment advisors, fund managers, and investors from around the world. CFB has also recently begun offering specialized monthly reports, focusing on individual segments within the sectors CFB covers (i.e., gold, uranium, oil, etc.) To date, there have been 133 reports created by CFB; several of these reports are currently posted on the CFB website.

As one can see, CFB offers an important perspective into Canadian capital markets. These markets play a crucial role in the financing of companies active worldwide in various business sectors, specifically for natural resources exploration and development. Canada maintains a leadership role due to a number of factors:

  • A history of significant natural resources;
  • Efficient and transparent capital markets;
  • Strong backing from the investment community; and
  • Regional clusters of the world's most innovative, organized and aggressive exploration and development personnel, in cities like Vancouver, Calgary and Toronto.

Click here to see our Gold and Silver Reports with commentary from Jay Taylor and David Morgan respectively.

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