Canadian Financing Bulletin

Canadian Financing Bulletin

September 13, 2010 17:23 ET

Canadian Financing Bulletin (CFB) Reports (CDN) $1,002m in Proposed and $216m Closed Financings for the Week of September 07 to 10

Lake Shore Gold Corp Closes $78.1m in Share Offering Led by BMO Capital Markets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - In this week's report, the CFB published term sheets for 36 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 27 were for mining stocks, six for oil/gas and three for technology stocks with the total value of new proposals reached over $1,002m. Four of these placements were designated 'flow through' issuances and there were two new debenture offerings. The largest new public proposal was by Mirabela Nickel Ltd. (MNB.TO), which launched a share offering consisting of 103.1m shares priced at $1.60 in a placement led by Macquarie Capital Markets.

The CFB published term sheets for 32 placements that were closed during the week. Of these, 27 were for mining stocks, two for oil/gas, and three for technology stocks, with the total value of these closings being almost $216m. Four of these placements were designated 'flow through' issuances and one debenture closed. The largest public closing was by Lake Shore Gold Corp. (LSG.V) which issued 22.3m shares priced at $3.50 for gross proceeds of $78.1m in a placement led by BMO Capital Markets.

The CFB also tracked seven amendments to placements and three overallotments, published at the end of the weekly report. To date, there have been 310 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of September 7 to September 10, 2010

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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 144 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.

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