Canadian Financing Bulletin

Canadian Financing Bulletin

March 31, 2011 19:15 ET

Canadian Financing Bulletin (CFB) Reports CDN $495.4m in Proposed and $825.0m Closed Financings for the Week of March 21-25

AltaGas Ltd. Raises $200m in a Bond Offering Led by CIBC World Markets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2011) - In this week's report, the CFB published term sheets for 51 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 38 were for mining stocks, eight for oil/gas stocks, and five for technology stocks with the total value of new proposals reaching over $495m. Six of these placements were designated a 'flow through' issuance and there were two new debenture offerings. The largest new public proposal was by Great Panther Silver Ltd. (GPR.TO), which launched an offering consisting of 5m shares priced at $4.20 for proceeds of $21m in a placement led by Salman Partners.

The CFB published term sheets for 75 placements that were closed during the week. Of these, 58 were for mining stocks, 11 for oil/gas, and six for technology stocks, with the total value of these closings being almost $825m. 16 of these placements were designated 'flow through' issuances and one new debenture placement closed. The largest public closing was by Canaco Resources Inc. (CAN.TO) which issued 22.2m shares at a price of $5.40 for gross proceeds of $119.9m in a placement led by Canaccord Genuity.

The CFB also tracked 14 amendments to placements and five overallotments, published at the end of the weekly report. To date, there have been 339 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click HERE to download the CFB for the week of March 21-25

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 164 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