Canadian Financing Bulletin

Canadian Financing Bulletin

October 18, 2010 17:07 ET

Canadian Financing Bulletin (CFB) Reports (CDN) $279m in Proposed and $795m Closed Financings for the Week of October 12-15

Crescent Point Energy Corp. Raises $375.2m in Share Offering Led by CIBC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2010) - In this week's report, the CFB published term sheets for 63 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 51 were for mining stocks and 12 for oil/gas stocks with the total value of new proposals reaching over $279m. 16 of these placements were designated 'flow through' issuances and there was one new debenture offering. The largest new public proposal was Ventana Gold Corp. (VEN.TO), which launched an offering consisting of 6.5m special warrants priced at $10 in a non-brokered placement.

The CFB published term sheets for 70 placements that were closed during the week. Of these, 44 were for mining stocks, 18 for oil/gas, and eight for technology stocks, with the total value of these closings being over $795m. 13 of these placements were designated 'flow through' issuances and three debentures placements closed. The largest public closing was by Crescent Point Energy Corp. (CPG.TO) which issued 10.25m shares priced at $36.60 for gross proceeds of $375.2m in a placement led by CIBC World Markets.

The CFB also tracked 15 amendments to placements and six overallotments, published at the end of the weekly report. To date, there have been 316 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of October 12 to October 15, 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.

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 156 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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