CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.
The following are the deals summary for March 1, 2017.
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 – Rathdowney Resources Ltd. (TSX-V: RTH) has completed a private placement of 36,313,345 units for aggregate proceeds (including two previously announced tranches) of approximately $6.9 million.
PUBLIC – ARHT Media Inc. (TSX-V: ART) has closed previously announced CDN $2 million non-brokered private placement financing with NetDragon Websoft Holdings Limited (HKSE: 00777). NetDragon indirectly purchased 13,333,333 common shares at CDN $0.15 per share. ARHT’s shareholders overwhelmingly approved the private placement financing and the creation of NetDragon as a new control person at the ARHT special shareholder meeting held on February 23, 2017. NetDragon now indirectly owns approximately 29.72% of ARHT’s issued and outstanding common shares on a non-diluted basis through its wholly owned subsidiary, NetDragon Websoft Inc. BVI
GRANT – Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is investing $5.25 million in two Tillsonburg-based manufacturers. Marwood Metal Fabrication Limited, a metal stamping and assembly company operating as a Tier 1 supplier to the automotive industry, is receiving an investment of up to $4.27 million. Otter Valley Foods Inc., a food manufacturer which provides private label frozen entrees to large grocery chains in Canada, is receiving up to $975,000.
PUBLIC – Rockhaven Resources Ltd. (TSX-V: RK) has closed previously announced private placement of 3,750,000 common shares to Coeur Mining, Inc. (NYSE: CDE) at a price of $0.18 per share for gross proceeds of $675,000
PUBLIC – Knick Exploration Inc. (TSX-V: KNX) has closed first tranche of proposed private placement of 382 units at $1,000 per unit for gross proceeds of $382,000. Additional closings can be completed until March 15, 2017. Each unit is comprised of 3,333 common shares at $0.06 each, 13,333 flow-through common shares at $0.06 each and 3,333 common share purchase warrants, each warrant entitling its holder to purchase a common share at a price of $0.08 for a period of 12 months.
PUBLIC – Global Energy Metals Corp. (TSX-V: GEMC) has announced its listing on the TSX Venture Exchange and the closing of previously announced non-brokered private placement of 8,433,333 units at $0.15 per unit for gross proceeds of $1,265,000,
PUBLIC – Alta Vista Ventures Ltd. (CSE: UAV) has closed first tranche of private placement of 5,070,000 units at $0.05 per unit for gross proceeds of $253,500.
PUBLIC – Plateau Uranium Inc. (TSX-V: PLU; FSE: QG1) has completed its previously announced non-brokered private placement of 3,452,380 units at CDN $0.42 per unit for gross proceeds of approximately CDN $1.45 million
PUBLIC – Fortis Inc. (TSX/NYSE: FTS) has entered into an agreement with an institutional investor in the United States to issue and sell 12,195,122 common shares at CDN $41.00 per share for gross proceeds of approximately C$500,000,000.
PE – Founders Advantage Capital Corp. (TSX-V: FCF) has closed acquisition of 52% majority stake in Cape Communications International Inc., oa IMPACT Radio Accessories, for $12M in cash. The transaction was completed between FAC, Keith Kostek, IMPACT’s President and founder, and Kostek’s related entities.
PUBLIC – MGX Minerals Inc. (CSE: XMG; FSE: 1MG; OTC: MGXMF) has entered into an engagement letter with Mackie Research Capital Corp. for a proposed a private placement for up to $5 million through the issuance of special warrants.
PUBLIC – Vermilion Energy Inc. (TSX/NYSE: VET) intends to issue up to US$300 million aggregate principal amount of 8 year senior unsecured notes in a private offering. The company intends to use the net proceeds to repay a portion of the debt outstanding on its revolving credit facility.
PUBLIC – Bee Vectoring Technologies International Inc. (TSX-V: BEE) intends to close a non-brokered private placement of up to 6,000,000 units at $0.25 per unit for gross proceeds of up to $1,500,000.
PUBLIC – Eureka Resources Inc. (TSX-V: EUK) intends to close a private placement of up to of 10,000,000 units at $0.10 per unit for gross proceeds of up to $1,000,000.
PUBLIC – Identillect Technologies Corp. (TSX-V: ID) intends to close a non-brokered private placement of 3,200,000 common shares at a price of $0.10 per share for gross proceeds of $320,000.
PUBLIC – ExGen Resources Inc. (TSX-V: EXG; OTCPK: BXXRF) intends to close private placement of up to 2,000,000 units at price of $0.05 per unit for gross proceeds of up to $100,000.
photo credit: Ted Liu, CPE Media