Canadian Financing Bulletin

Canadian Financing Bulletin

January 17, 2011 15:43 ET

Canadian Financing Bulletin (CFB) Reports CDN $360.7m in Proposed and $221.3m Closed Financings for the Week of January 10-14

Sunward Resources Inc. Raises $51.3m in a Share Offering Led by Electrum Strategic Acquisitions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2011) - In this week's report, the CFB published term sheets for 28 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 21 were for mining stocks, five for oil/gas stocks, and two for technology stocks with the total value of new proposals reaching almost CDN $361m. Two of these placements was designated a 'flow through' issuance and there were no new debenture offerings. The largest new public proposal was by Canadian Lithium Corp. (CLQ.V), which launched an offering consisting of 73.35m shares priced at $1.50 for proceeds of $110.0m in a placement led by Scotia Capital.

The CFB published term sheets for 63 placements that were closed during the week. Of these, 58 were for mining stocks, eight for oil/gas, and five for technology stocks, with the total value of these closings being over $221m. Seven of these placements were designated 'flow through' issuances and no new debenture placements closed. The largest public closing was by Sunward Resources Inc. (SWD.V) which issued 38m shares at a price of $1.35 for gross proceeds of $51.3m in a placement led by Electrum Strategic Acquisitions.

The CFB also tracked 14 amendments to placements, two cancellations, and four overallotments, published at the end of the weekly report. To date, there have been 329 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of January 10 to January 14, 2011

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 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.

Follow us on twitter

Contact Information