Canadian Financing Bulletin

Canadian Financing Bulletin

October 13, 2010 18:31 ET

Canadian Financing Bulletin (CFB) Reports (CDN) $1,145m in Proposed and $313m Closed Financings for the Week of October 01-08

Northgate Minerals Corp. Raises $153.3m in Bond Offering Led by UBS Securities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2010) -

Click here to view CFB for the week of October 4 to October 8, 2010

In this week's report, the CFB published term sheets for 62 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 45 were for mining stocks and 17 for oil/gas stocks with the total value of new proposals reaching almost $1,145m. 15 of these placements were designated 'flow through' issuances and there were no new debenture offerings. The largest new public proposal was by Crescent Point Energy Corp. (CPG.TO), which launched a share offering consisting of 10.25m shares priced at $36.60 in a placement led by CIBC World Markets.

The CFB published term sheets for 87 placements that were closed during the week. Of these, 75 were for mining stocks, seven for oil/gas, and five for technology stocks, with the total value of these closings being almost $313m. 14 of these placements were designated 'flow through' issuances and two debentures closed. The largest public closing was by Strategic Metals Ltd. (SMD.V) which issued 10.3m shares priced at $1.45 for gross proceeds of $15.0m in a non-brokered placement.

The CFB also tracked nine amendments to placements, two cancellations, and one overallotment, published at the end of the weekly report. To date, there have been 315 weekly reports created by CFB; backdated reports can be obtained by subscribers.

About Us:

The Canadian Financing Bulletin is produced and distributed by Blender Media, an integrated creative agency specializing in both online and print design, development and maintenance. Blender Media's work includes extensive strategies for shareholder communication, intuitive design interfaces and the opportunity to be memorable in a sea of investment possibilities.

Blender Media has the support of over 450 satisfied clients and utilizes investor focused online exposure solutions that help clients stay in touch with their shareholders, including the CFB.

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 155 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.

Follow us on twitter

Contact Information