Canadian Financing Bulletin

Canadian Financing Bulletin

November 08, 2010 16:31 ET

Canadian Financing Bulletin (CFB) Reports (CDN) $453m in Proposed and $1,257m Closed Financings for the Week of November 01-05

Bonavista Energy Trust Raises US$350m in Bond Offering Led by CitiGroup Global Markets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2010) - In this week's report, the CFB published term sheets for 55 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 44 were for mining stocks seven for oil/gas stocks, and four for technology stocks with the total value of new proposals reaching almost $453m. 11 of these placements were designated 'flow through' issuances and there were no new debenture offerings. The largest new public proposal was Baja Mining Corp. (BAJ.TO), which launched an offering consisting of 145.5m common shares priced at $1.10 in a placement led by Raymond James.

The CFB published term sheets for 99 placements that were closed during the week. Of these, 76 were for mining stocks, 15 for oil/gas, and eight for technology stocks, with the total value of these closings being almost $1,257m. 16 of these placements were designated 'flow through' issuances and two debentures placement closed. The largest public closing was by Bear Creek Mining Corp. (BCM.TO) which issued 20.3m shares priced at $6.40 (including an overallotment of 2,640,000 shares) for gross proceeds of $129.9m in a placement led by BMO Capital Markets.

The CFB also tracked nine amendments to placements, five cancellations, and seven overallotments, published at the end of the weekly report. To date, there have been 319 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of November 1 to November 5, 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 159 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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