Canadian Financing Bulletin

Canadian Financing Bulletin

February 01, 2011 12:59 ET

Canadian Financing Bulletin (CFB) Reports CDN $690.2m in Proposed and $153.5m Closed Financings for the Week of January 24-28

Quetzal Energy Ltd. Raises $34.5m in a Share Offering Led by Canaccord Genuity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2011) - In this week's report, the CFB published term sheets for 45 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 34 were for mining stocks, nine for oil/gas stocks, and two for technology stocks with the total value of new proposals reaching over $690m. Seven of these placements were designated a 'flow through' issuance and there were three new debenture offerings. The largest new public proposal was by Painted Pony Petroleum Ltd. (PPY.A-V), which launched an offering consisting of 6.858m shares priced at $10.50 for proceeds of $72.0m in a placement led by Scotia Capital.

The CFB published term sheets for 39 placements that were closed during the week. Of these, 27 were for mining stocks, eight for oil/gas, and four for technology stocks, with the total value of these closings being almost $154m. Three of these placements were designated 'flow through' issuances and one new debenture placement closed. The largest public closing was by Quetzal Energy Ltd. (QEI.V) which issued 276m shares at a price of $0.125 for gross proceeds of $34.5m in a placement led by Canaccord Genuity.

The CFB also tracked 16 amendments to placements and three overallotments, published at the end of the weekly report. To date, there have been 331 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of January 24 to January 28, 2011

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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.

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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 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.

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