Daily deals summary – February 24, 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 24, 2107.

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Completed Deals

PRIVATE – Genesis Mortgage Investment Corp., a private MIC managed by Gentai Capital Corporation, has closed a private placement of [mepr-active rule=”374″ ifallowed=”hide”]##subscriber ONLY content##[/mepr-active][mepr-active rule=”374″]2,515,000 Class ‘A’ Preferred Shares at $1.00 per share for $2,515,000 from 3 Chinese and 2 BC[/mepr-active] investors.

PUBLIC – Manulife Financial Corporation (NYSE: MFC) has completed today its previously announced public offering in the United States of $750 million aggregate principal amount of 4.061% subordinated notes due 2032. Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.

PUBLIC – Aphria Inc. (TSX-V: APH; OTCQB: APHQF) has closed its short form prospectus offering of 11,500,000 common shares at $5.00 per share for gross proceeds of $57,500,000. The offering was underwritten by a syndicate of underwriters led by Clarus Securities Inc. and included Cormark Securities Inc., Canaccord Genuity Corp., Haywood Securities Inc. and PI Financial Corp.

PUBLIC – Serinus Energy Inc. (TSX/WARSAW: SEN) has closed previously announced marketed offering of 72,000,000 common shares at $0.35 per share for gross proceeds of $25.2 million. The offering was led by GMP FirstEnergy on a “commercially reasonable efforts” agency basis. Kulczyk Investments S.A. currently owns 39,909,606 common shares representing approximately 50.76% of outstanding common shares, has advised that it will be purchasing, either directly or indirectly through its affiliates, $12,790,574 of the offering to maintain its 50.76% ownership position.

PUBLIC – Molori Energy Inc. (TSX-V: MOL) has closed a non-brokered private placement offering of 3,000,000 units at $0.10 per unit for gross proceeds of $300,000.

PUBLIC – YANGAROO Inc. (TSX-V: YOO; OTC Grey Market: YOOIF) has completed the non-brokered debenture offering of secured, non-convertible debentures for gross proceeds of $500,000 with three corporation subscribers. Meteor Capital Inc., one of which is owned and/or controlled by Gerry Hurlow, a director of the company. The other two were Belweather Capital Partners Inc. and STS The Systems Installers, neither of which are insiders of the Company.

PUBLIC – Golden Dawn Minerals Inc. (TSX-V: GOM; SFE: 3G8A; OTCPK: GDMRF) has closed a First Convertible Security Increase with Lind Asset Management VI, LLC pursuant to which it has advanced the company further funding in the amount of US $1,000,000, subject to agreed set-offs under the existing funding arrangements.

PUBLIC – Alto Ventures Ltd. (TSX-V: ATV) has closed previously announced private placement of 2,385,000 units at a price of $0.07 per unit for gross proceeds of $166,950.

PUBCLIC – 92 Resources Corp. (TSX-V: NTY; FSE: R9G2) has closed a non-brokered private placement of 7,460,000 units at $0.10 per unit and 1,243,333 flow-through units at the price of $0.12 per FT unit for total gross proceeds of $895,199.96.

PUBLIC – Equitas Resources Corp. (TSX-V: EQT; FSE: T6UN; OTCPK: EQTRF) has closed the first of two tranches of the non-brokered private placement of 9,809,379 units at a price of $0.18 per unit for gross proceeds of $1,765,688. A second tranche 4,190,621 units is expected to close on or around February 27, 2017.

PUBLIC – Azincourt Uranium Inc. (TSX-V: AAZ) has completed a non-brokered private placement of 10,198,495 non flow-through units at a price of $0.075 per unit and 2,600,000 flow through units at $0.10 per unit for gross proceeds of $1,024,887

PUBLIC – Prospector Resources Corp. (TSX-V: PRR) has completed a private placement of 15,000,000 common shares at $0.50 per common share for gross proceeds of $7,500,000. Clarus Securities Inc. acted as agent for a portion of the private placement and placed 1,400,000 common shares for gross proceeds of $700,000.

PUBLIC – RepliCel Life Sciences Inc. (TSX-V: RP; OTCQB: REPCF; FSE: P6P2), a clinical stage regenerative medicine company focused on the development of autologous cell therapies, has completed a brokered private placement of 2,181,300 units at $1.25 per unit for gross proceeds of $2,726,625 and a non-brokered private placement of 350,800 units at $1.25 per unit for gross proceeds of $438,500, for total gross proceeds of $3,165,125. Echelon Wealth Partners Inc., Haywood Securities Inc. and Clarus Securities Inc. acted as agents.

PUBLIC – Red Pine Exploration Inc. (TSX-V: RPX) has closed its previously announced brokered private placement of 27,586,900 flow-through common shares at $0.145 per FT share and 21,168,666 units at a price of $0.12 per NFT ubit for aggregate gross proceeds of $6,540,340. The offering was led by Eventus Capital Corp., with a syndicate that included Red Cloud Klondike Strike Inc.

PUBLIC – Maxtech Ventures Inc. (CSE: MVT; OTCPK: MTEHF; FSE: M1N) has closed its previously announced non brokered private placement of 3,037,500 units at $0.20 per unit for gross proceeds of $607,500.

Announced Deals

PUBLIC – Rockhaven Resources Ltd. (TSX-V: RK) intends to close a non-brokered private placement with Coeur Mining, Inc. (NYSE: CDE) of 3,750,000 Rockhaven common shares at a price of $0.18 per share for proceeds of $675,000.

PUBLIC – Brixton Metals Corporation (TSX-V: BBB) has entered into a letter agreement with strong>Gravitas Securities Inc. for a best efforts private placement offering of up to $4.0 million, consist of units at a price of $0.50 per unit and flow-through common shares at $0.55 per FT share.

PUBLIC – Otis Gold Corp. (TSX-V: OOO; OTCPK: OGLDF) has entered into an agreement with Agnico Eagle Mines Limited that Angnico will acquire, by way of private placement, 14,420,000 common shares of Otis at a price of $0.35 per share for proceeds of $5,047,000.

M&A/PUBLIC – Namaste Technologies Inc. (CSE: N; FSE: M5BQ) has entered into a definitive agreement to acquire Australian Vaporizers PTY Limited in exchange for a combination of cash, common shares and an earn-out payment. Namaste has also entered into a letter of engagement with Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and joint bookrunners, and including Beacon Securities Limited for a bought deal private placement of 24,000,000 units at $0.25 per unit for gross proceeds of $6,000,000.

PUBLIC – Arizona Silver Exploration Inc. (TSX-V: AZS) intends to close a non-brokered private placement of up to 7,500,000 common shares at $0.20 per share for gross proceeds of up to $1,500,000.

PUBLIC – Crew Energy Inc. (TSX: CR) has entered into an underwriting agreement to sell, on a private placement basis, C$300 million aggregate principal amount of 6.500% senior unsecured notes due March 14, 2024. National Bank Financial Markets and TD Securities are acting as joint book-runners for the offering.

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