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.
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
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.
photo credit: Ludovic Gauthier via unsplash