CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.
The following are completed and announced deals for February 16, 2107.
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Completed Deals
PUBLIC – Amex Exploration Inc. (TSX-V: AMX), a junior gold exploration company, has completed previously announced private placement of 13,333,444 common shares at $0.09 per share for gross proceeds of $1,200,010.
PUBLIC – Gray Rock Resources Ltd. (TSX-V: GRK), a junior gold exploration company, has completed a non-brokered private placement of 1,000,000 units at a price of $0.30 per unit for gross proceeds of $300,000.
Announced Deals
PUBLIC – eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. for a bought deal of 13,000,000 units at CDN $1.00 per unit for gross proceeds of CDN $13 million. Proceeds will be used for advancing the development of its Idaho Cobalt project and for general working capital purposes.
PUBLIC – NV Gold Corporation (TSX-V: NVX), a junior exploration company with a portfolio of mineral properties in Nevada, intends to close a non-brokered private placement of up to 4,000,000 units at $0.20 per unit for gross proceeds of up to $800,000.
PUBLIC – Denison Mines Corp. (TSX: DML; NYSE MKT: DNN) has entered into an agreement with Paradigm Capital Inc. for a bought deal private placement of 5,790,000 common shares at CDN $0.95 per share, 8,482,000 flow-through common shares at CDN $1.12 per share, and a further 4,065,000 tranche B flow-through common shares at a price of CDN $1.23 per share, for aggregate gross proceeds of CDN $20,000,290.
PUBLIC – Aurelius Minerals Inc. (TSX-V: AUL), a gold exploration company, intends to complete a non-brokered placement offering of common share units at $0.10 per unit and flow-through shares at $0.14 per FT share for aggregate gross proceeds of up to $2.0 million.
M&A – Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company, has agreed to acquire Western Financial Group and Western Life Assurance from Desjardins Financial Corporation, a Desjardins Group subsidiary, for a total transaction value of about $775 million. The acquisition is expected to close in the third quarter of 2017.
PUBLIC – Dolly Varden Silver Corporation (TSX-V: DV; OTCPK: DOLLF), a mineral exploration company focused on the exploration of the Dolly Varden silver property located in northwestern British Columbia, intends to raise up to $2 million from the sale of up to: 1,369,863 common shares at a price of $0.73 per share; and up to 1,176,470 flow-through shares at $0.85 per FT share.
PUBLIC – Colorado Resources Ltd. (TSX-V: CXO), a mineral exploration focused acquiring and advancing mineral properties located in British Columbia and Nevada, intends to close a non-brokered private placement of 4,000,000 units at $0.32 per unit and 9,000,000 flow-through units at $0.42 per FT Unit for aggregate gross proceeds of $5,060,000.
PUBLIC – Brookfield Infrastructure (TSX:BIP.UN; NYSE: BIP) has agreed to sell $300M aggregate principal amount of medium-term notes, Series 5, due February 22, 2024, which will bear interest at a rate of 3.315% per annum, payable semi-annually. The Notes are being offered through a syndicate of agents led by CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. Last month, Brookfield Infrastructure raised $300M in a preferred share offering.
PUBLIC – Conifex Timber Inc. (TSX: CFF), a timber management company, has entered into an agreement with a syndicate of investment dealers led by Raymond James Ltd. for a bought deal of 2,662,295 common at $3.05 per share for gross proceeds of $8,120,000
PUBLIC – Cartier Resources Inc. (TSX-V: ECR), a mineral exploration company, has entered into an agreement with Paradigm Capital Inc. for a “best efforts” private placement of up to 11,200,000 Québec super flow-through at a price of $0.27 per Flow-Through share for gross proceeds of up to $3,024,000.
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