Canadian Financing Bulletin

Canadian Financing Bulletin

December 20, 2010 16:16 ET

Canadian Financing Bulletin (CFB) Reports (CDN) $928m in Proposed and $1,322m Closed Financings for the Week of December 13-17

Paramount Resources Ltd. Raises $300m in a Bond Offering Led by Scotia Capital

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2010) - In this week's report, the CFB published term sheets for 88 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 75 were for mining stocks, nine for oil/gas stocks, and four for technology stocks, with the total value of new proposals reaching almost CDN $928m. 28 of these placements were designated 'flow through' issuances and there was one new debenture offerings. The largest new public proposal was by Minefinders Corp Ltd. (MFL.TO), which launched an offering consisting of 13.65m shares prices at $11.10 for proceeds of $151.5m in a placement led by Scotia Capital.

The CFB published term sheets for 144 placements that were closed during the week. Of these, 115 were for mining stocks, 21 for oil/gas, and eight for technology stocks, with the total value of these closings being over $1,322m. 45 of these placements were designated 'flow through' issuances and no new debentures placement closed. The largest public closing was by Paramount Resources Ltd. (POU.TO) which issued $300m of bonds in a placement led by Scotia Capital.

The CFB also tracked 22 amendments to placements, two cancellations, and five overallotments, published at the end of the weekly report. To date, there have been 325 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 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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