Canadian Financing Bulletin

Canadian Financing Bulletin

June 14, 2010 15:50 ET

Canadian Financing Bulletin (CFB) Reports $719m Proposed and $477m Closed Financings for the Week of June 07 to June 11

Tahoe Resources Inc. Closes IPO Share Offering for $348m in Brokered Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2010) - In this week's report, the CFB published term sheets for 24 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 17 were for mining stocks and seven for oil/gas with the total value of new proposals reached over $719m. Eight of these placements were designated 'flow through' issuances and there was one new debenture offering. The largest new public proposal was by Crystallex Intl Corp. (KRY.TO), which launched a unit offering consisting of 70m shares priced at $0.50 with an ½ warrant attached led by Macquarie Capital Markets.

The CFB published term sheets for 62 placements that were closed during the week. Of these, 48 were for mining stocks, seven for oil/gas, and seven for technology stocks, with the total value of these closings being over $477m. Thirteen of these placements were designated 'flow through' issuances and one debenture closed. The largest public closing was by Ventana Gold Corp. (VEN.TO) which issued 1.8m shares priced at $11.50 for gross proceeds of $20.7m in a non-brokered placement.

The CFB also tracked seven amendments to placements, one cancellation, and three overallotments, published at the end of the weekly report. To date, there have been 297 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click HERE to download this weeks' summary.


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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