VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/11/11 -- In this week's report, the CFB published term sheets for 49 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 three for technology stocks with the total value of new proposals reaching almost $553m. 12 of these placements were designated a 'flow through' issuance and there were no new debenture offerings. The largest new public proposal was by Labrador Iron Mines Holdings Ltd. (LIM.TO), which launched an offering consisting of 8m shares priced at $12.50 for proceeds of $100m in a placement led by Canaccord Genuity.
The CFB published term sheets for 62 placements that were closed during the week. Of these, 39 were for mining stocks, 12 for oil/gas, and 11 for technology stocks, with the total value of these closings being almost $349m. Five of these placements were designated 'flow through' issuances and no new debenture placements closed. The largest public closing was by Allied Gold Ltd. (ALG.TO) which issued 156.3m shares at a price of $0.385 for gross proceeds of $93.7m in a placement led by RBC Capital Markets.
The CFB also tracked six amendments to placements and six overallotments, published at the end of the weekly report. To date, there have been 341 weekly reports created by CFB; backdated reports can be obtained by subscribers.
Click HERE to download this week's summary.
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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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Canadian Financing Bulletin
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