Daily deals summary – February 23, 2017

Ted Liu

CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.

The following are the deals summary for February 23, 2107.

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Completed Deals

PE Royalty – Montana Exploration Corp. (TSX-V: MTZ) has entered into an agreement with a private US-based family office group for funding of up to US $20 million in drilling costs in its Montana oil and gas prospects.

PUBLIC – Nexus Gold Corp. (TSX-V: NXS, OTC: NXXGF, FSE: N6E), a mineral company focused on two gold projects located in Burkina Faso, West Africa, has completed private placement of 16,668,219 units at $0.12 per unit for gross proceeds of $2,000,186.

PUBLIC – Clean Seed Capital Group (TSX-V: CSX) has closed a non-brokered private placement of 3,441,669 common shares at $0.30 per share for gross proceeds of CDN $1,032,500.70.

PUBLIC – Braveheart Resources Inc. (TSX-V: BHT) has completed the final tranche of its previously announced non-brokered private placement of 2,100,000 units at $0.06 per unit for gross proceeds of $126,000.

PUBLIC – CVR Medical Corp. (TSX-V: CVM; FSE: B3BN; OTCQB: CRRVF) has closed its previously announced non-brokered private placement of 7,142,858 units at a price of $0.35 per unit for gross proceeds of $2,500,000.

PUBLIC – Erdene Resource Development Corp. (TSX: ERD) has closed previously announced bought deal of 17,922,077 common shares at $0.77 per share for gross proceeds of $13.8 million. The offering was led by Paradigm Capital Inc., with a syndicate including Canaccord Genuity Corp.

Announced Deals

PUBLIC – Kontrol Energy Corp. (CSE: KNR) intends to close a non-brokered private placement of up to 750,000 units at $0.70 per unit for gross proceeds of up to $525,000.

PUBLIC – Richmond Minerals Inc. (TSX-V: RMD) intends to complete a non-brokered private placement of up to 4,000,000 units at CDN $0.05 per unit for gross proceeds of approximately $200,000. Closing of the offering is expected to occur on or about March 3, 2017.

PUBLIC – Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) intends to close a non-brokered convertible debenture private placement of $2,035,000.

PUBLIC – Cloud Nine Education Group Ltd. (CNSX: CNI) intends to close a non-brokered private placement of up to 4,000,000 units at $0.25 per unit for gross proceeds of up to $1,000,000. The company has closed a first tranche of the private placement of 416,000 units for gross proceeds of $104,000.

PUBLIC – Monarques Gold Corporation (TSX-V: MQR; FSE: MR7) has entered into an agreement with a syndicate of underwriters led by Laurentian Bank Securities Inc. and including Canaccord Genuity Corp. for a bought deal private placement of 4,000,000 units at $0.45 per unit for gross proceeds of $1,800,000 and 5,000,000 flow-through common shares at $0.66 per FT share for gross proceeds of $3,300,000 for aggregate gross proceeds of $5,100,000

PUBLIC – InterRent Real Estate Investment Trust (TSX: IIP.UN) has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, and including, Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities L.P., Scotiabank, TD Securities Inc., CIBC World Markets Inc., RBC Capital Markets, Industrial Alliance, National Bank Financial Inc., Raymond James Ltd., Echelon Partners, Inc., and Eight Capital for a bought deal of 6,520,000 trust units at $7.68 per unit for gross proceeds of approximately $50 million.

PUBLIC – Argonaut Gold Inc. (TSX: AR) has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets for a bought deal of 16,700,000 common shares at $2.40 per share for gross proceeds of approximately $40 million.

photo credit: Mark Bosky via unsplash