CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.
The following are the completed and announced deals for February 14, 2107.
This is part of our daily subscriber newsletter we send to our subscribers every morning along with all subscriber ONLY news contents; you too can have the newsletter delivered to your mailbox by subscribing today.
Completed Deals
PUBLIC – Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) has completed its previously announced issue of 10,000,000 Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units, Series 11 at $25.00 per unit for gross proceeds of CDN $250 million. The offering was underwritten by a syndicate led by TD Securities Inc., CIBC Capital Markets, RBC Capital Markets and Scotiabank. Torys LLP and Goodmans LLP acted as legal counsels to Brookfield and the underwriters respectively.
PUBLIC – Pretium Resources Inc. (TSX/NYSE: PVG) has closed previously announced offering of US $100 million aggregate principal amount of 2.25% unsecured convertible senior subordinated notes due 2022. Proceeds will be used for working capital during start-up of the Brucejack mine and for general corporate purposes.
PUBLIC – Jet Metal Corp. (TSX-V: JET) has completed a public offering of 22,778,700 subscription at $0.30 per subscription receipt for gross proceeds of $6,833,610. Mackie Research Capital Corporation acted as lead agent. With the closing of the offering, all material conditions to the business combination of Canada Jetlines Ltd. and Jet Metal have been satisfied. Jet Metal and Jetlines intend to close the Transaction on or around February 28, 2017.
Announced Deals
M&A/PUBLIC – Prairie Provident Resources Inc. (TSX: PPR) has entered into an agreement to acquire strategic assets in the Greater Red Earth area of northern Alberta for cash consideration of $41 million. In connection with the Acquisition, Prairie Provident has entered into an agreement with Mackie Research Capital Corporation for a bought deal of 5,971,000 subscription receipts at $0.67 per subscription receipt, and 5,195,000 “flow-through” common shares at $0.77 per FT Share for aggregate gross proceeds of approximately $8.0 million.
PUBLIC – Sabina Gold & Silver Corp. (TSX: SBB), a precious metals company with assets in Nunavut, has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity for a bought deal of 3,150,000 flow-through common shares at $1.75 per share for gross proceeds of approximately $5,512,500.
M&A/PUBLIC – Petrus Resources Ltd. (TSX: PRQ) has entered into an agreement with a private company to acquire certain oil and natural gas interests in the Ferrier area. The purchase price for the acquisition is expected to be financed by way of a non-brokered private placement and through availability under its credit facilities. Petrus intends to close a non-brokered private placement of 1,585,000 common shares at $2.53 per share for gross proceeds of approximately $4,010,050.
PUBLIC – Silver Range Resources Ltd. (TSX-V: SNG), a mining company with a portfolio of high grade gold targets in Nunavut, the Northwest Territories and Nevada, intends to complete a private placement of 4,687,500 units at $0.16 per unit for gross proceeds of $750,000.
PUBLIC – JDL Gold Corp. (TSX-V: JDL) and Luna Gold Corp. (TSX: LGC) announced that in connection with the business combination and private placement financing announced on February 1, 2017, JDL has entered into an agreement with Haywood Securities Inc. and National Bank Financial Inc. for a bought deal private placement of subscription receipts for gross proceeds of CDN $15 million.
PUBLIC – OK2 Minerals Ltd. (TSX-V: OK) intends to close a private placement offering of up to 12,000,000 units at $0.125 per unit for gross proceeds of up to $1,500,000.
PUBLIC – Reunion Gold Corporation (TSX-V: RGD), a gold mining company with option on two gold projects in French Guiana, is undertaking a non-brokered private placement of 7,133,660 common shares at $0.10 per share for gross proceeds of $713,366.
PUBLIC – PharmaCan Capital Corp. dba Cronos Group (TSX-V: MJN) has engaged Eight Capital for a short form prospectus offering of 6,700,000 common shares at $2.25 per share for gross proceeds of $15,075,000.
PUBLIC – Shaw Communications Inc. (TSX: SJR.B; NYSE: SJR; TSX-V: SJR.A) intends to close an offering of C$300 million principal amount of 3.80% senior notes due March 1, 2027. Closing is scheduled to occur on February 28, 2017. TD Securities Inc. acts as sole bookrunner.
photo credit: Brandon Morgan via unsplash