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.
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.
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.
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.
photo credit: Ishan via unsplash