Canadian Financing Bulletin

Canadian Financing Bulletin

April 07, 2011 09:01 ET

Canadian Financing Bulletin (CFB) Reports CDN $586.1m in Proposed and $1,175.7m Closed Financings for the Week of March 28-April 1

Kinross Gold Corp raises US$600m in a credit facility led by Scotia Capital

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2011) - In this week's report, the CFB published term sheets for 41 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 30 were for mining stocks, eight for oil/gas stocks, and three for technology stocks with the total value of new proposals reaching over $586m. Eight of these placements were designated a 'flow through' issuance and there were three new debenture offerings. The largest new public proposal was by Reunion Gold Corp. (RGD.V), which launched an offering consisting of 20m shares priced at $1.75 for proceeds of $35m in a placement led by BMO Capital Markets.

The CFB published term sheets for 77 placements that were closed during the week. Of these, 52 were for mining stocks, 16 for oil/gas, and nine for technology stocks, with the total value of these closings being almost $1,176m. 17 of these placements were designated 'flow through' issuances and four new debenture placements closed. The largest public closing was by Celtic Exploration Ltd. (CLT.TO) which issued 5m shares at a price of $20.30 for gross proceeds of $101.5m in a placement led by FirstEnergy Capital.

The CFB also tracked seven amendments to placements, one cancellation and one overallotment, published at the end of the weekly report. To date, there have been 340 weekly reports created by CFB; backdated reports can be obtained by subscribers.


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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 166 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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