Canadian Financing Bulletin

Canadian Financing Bulletin

November 15, 2010 17:37 ET

Canadian Financing Bulletin (CFB) Reports (CDN) $1,346m in Proposed and $910m Closed Financings for the Week of November 08-12

Provident Energy Trust Raises $150m in Debenture Offering Led by National Bank Financial

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2010) - In this week's report, the CFB published term sheets for 82 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 67 were for mining stocks, 13 for oil/gas stocks, and two for technology stocks with the total value of new proposals reaching over CDN $1,346m. 24 of these placements were designated 'flow through' issuances and there were two new debenture offerings. The largest new public proposal was Consolidated Thompson Iron Mines Ltd. (CLM.TO), which launched an offering consisting of US$200m of debentures in a placement led by GMP Securities.

The CFB published term sheets for 99 placements that were closed during the week. Of these, 73 were for mining stocks, 20 for oil/gas, and six for technology stocks, with the total value of these closings being almost $910m. 18 of these placements were designated 'flow through' issuances and two debenture placements closed. The largest public closing was by Provident Energy Trust (PVE-UN.TO) which issued $150m of debentures in a placement led by BMO Capital Markets.

The CFB also tracked 19 amendments to placements, one cancellation, and 12 overallotments, published at the end of the weekly report. To date, there have been 320 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of November 8 to November 12, 2010

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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.

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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 160 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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