CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.
The following are the deals summary for February 28, 2017.
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Completed Deals
PUBLIC – UEX Corporation (TSX: UEX) has closed its previously announced flow-through common share offering with Sprott Capital Partners of 6,700,000 flow-through common shares at $0.30 per FT share and additional private placement of 15,999,994 units at $0.25 per unit for aggregate gross proceeds of $6.01 million.
PUBLIC – Drone Delivery Canada Corp. (CSE: FLT) has completed its previously announced private placement offering of 31,144,000 special warrants at a price of $0.35 per special warrant for gross proceeds of $10,900,400, which includes the exercise by GMP Securities L.P., as sole lead agent, of its option for an additional 1,144,000 special warrants.
PUBLIC – Arch Biopartners Inc. (TSX-V: ARCH; OTCBB: FOIFF) has closed previously announced non-brokered private placement of 1,000,000 common shares priced at $0.40 per common share for gross proceeds of $400,000.
PUBLIC – Sabina Gold & Silver Corp. (TSX: SBB) has closed previously announced bought deal flow through financing of 3,470,000 common shares at $1.75 per share for gross proceeds of $6,072,500. The financing was underwritten by a syndicate of underwriters led by Canaccord Genuity and including, Paradigm Capital Inc., Cormark Securities Inc., Echelon Wealth Partners Inc. and Haywood Securities Inc.
PUBLIC – Shaw Communications Inc. (TSX: SJR.B; NYSE: SJR; TSX-V: SJR.A) has closed its offering of C$300 million principal amount of 3.80% senior notes due March 1, 2027. TD Securities Inc. acted as sole bookrunner.
PUBLIC – Dolly Varden Silver Corporation (TSX-V: DV; OTCPK: DOLLF) has completed its private placement financing of: 1,369,863 common shares at a price of $0.73 per share; and 1,176,470 flow-through common shares at $0.85 per share for aggregate gross proceeds of $2 million.
PUBLIC – NV Gold Corporation (TSX-V: NVX) has closed previously announced private placement of 4,310,000 units at CDN$0.20 per unit for gross proceeds of CDN $862,000. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 2.5 million units.
PUBLIC – eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) has closed its previously announced bought deal financing of 17.25 million units at $1.00 per unit for gross proceeds of $17.25 million. The financing was completed by a syndicate of underwriters led by Canaccord Genuity Corp.
PUBLIC – Zephyr Minerals Ltd. (TSX-V: ZFR; OTC: ZPHYF) has closed the non-brokered private placement of 675,000 units at a price of $0.32 per unit for gross proceeds of $216,000. OakRun Precious Metals Fund Ltd. subscribed for 575,000 units, resulting in an ownership of 11,000,000 shares or 31.4% of the company.
PUBLIC – Probe Metals Inc. (TSX-V: PRB) has completed a private placement financing of 6,725,000 flow-through common shares at $2.00 per Flow-Through Share for total gross proceeds of approximately $13.5 million. Goldcorp Inc. exercised its participation right to maintain its pro-rata interest and purchased 975,000 common shares. Goldcorp now owns 12,868,646 common shares and 657,900 common share purchase warrants of Probe, which represents 13.9% of Probe’s issued and outstanding common shares on a non-diluted basis and 14.5% on a partially diluted basis. The Offering was completed through a syndicate of underwriters led by Cormark Securities Inc., and included Macquarie Capital Markets Canada Ltd. and Industrial Alliance Securities.
PUBLIC – American Lithium Corp. (TSX-V: LI; OTCQB: LIACF; FSE: 5LA; WKN: A2AHEL) has completed previously announced private placement of 10,000,000 units at $0.125 per unit for gross proceeds of $1,250,000.
PUBLIC – Osisko Mining Inc. (TSX: OSK) has completed private placements of 5,450,000 flow-through common shares at $5.52 per Flow-Through share for gross proceeds of $30,084,000, and 15,327,000 units at $3.40 per unit for gross proceeds of $52,111,800
PUBLIC – iAnthus Capital Holdings, Inc. (CSE: IAN) has closed bought deal private placement of C$20 million of 8.0% unsecured convertible debentures. The syndicate for the Offering was led by Canaccord Genuity Corp. and included Beacon Securities Limited.
PUBLIC – Aurora Cannabis Inc. (TSX-V: ACB; OTCQB: ACBFF; FSE: 21P; WKN: A1C4WM) has completed its previously announced bought deal private placement of 33,333,357 units at a price of $2.25 per unit for gross proceeds of $75 million. The offering is made by a syndicate of investment dealers led by Canaccord Genuity Corp. and including Cormark Securities Inc., Eight Capital, Mackie Research Capital Corporation, and GMP Securities L.P.
PUBLIC – Organic Garage Ltd. (CSE: OG) has completed its previously announced brokered private placement of 10,993,500 units at $0.25 per unit for gross proceeds of $2,748,375. Cormark Securities Inc. acted as the sole agent.
PUBLIC – Otis Gold Corp. (TSX-V: OOO; OTCPK: OGLDF) has closed previously announced private placement with Agnico Eagle Mines Limited of 14,420,000 common shares at $0.35 per common share for proceeds of $5,047,000. As a result of this transaction, Agnico now owns approximately 9.95% of the issued and outstanding common shares on a non-diluted basis.
PUBLIC – Loncor Resources Inc. (TSX: LN) has closed previously announced non-brokered private placement of 1,500,000 units at $0.13 per unit for gross proceeds of $195,000.
M&A/PUBLIC – Petrus Resources Ltd. (TSX: PRQ) has closed previously announced acquisition of certain oil and natural gas interests in the Ferrier area and the concurrent closing of its non-brokered private placement of 4,078,708 common shares at $2.53 per share for gross proceeds of $10,319,131.
PUBLIC – Rapier Gold Inc. (TSX-V: RPR) has received regulatory approval to close the first tranche of its private placement, raising $249,300 through the issuance of 1,745,500 non-flow through units (1,745,500 shares and 1,745,500 warrants) and 650,000 flow through units (650,000 shares and 650,000 warrants).
Announced Deals
PUBLIC – Westcore Energy Ltd. (TSX-V: WTR) intends to close a non-brokered private placement of up to 3,333,333 units at a subscription price of $0.15 per unit for gross proceeds of $500,000.
PUBLIC – DREAM GLOBAL REIT (TSX: DRG.UN; FSE: DRG) has entered into an agreement to sell 10,420,000 units on a bought deal basis at a price of $9.60 per unit to a syndicate of underwriters led by TD Securities Inc. for gross proceeds of $100,032,000.
PUBLIC – AnalytixInsight Inc. (TSX-V: ALY) has arranged a non-brokered private placement financing of up to 11,500,000 units at a price of $0.20 per unit for gross proceeds of up to $2,300,000
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