CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.
The following are the deals summary for March 10, 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.
Completed Deals
PRIVATE – Summit Point Uranium Corp. completed new private placement, raising $[mepr-active rule=”374″ ifallowed=”hide”]##subscriber ONLY content##[/mepr-active][mepr-active rule=”374″]1.7[/mepr-active] million from Canadian and international investors.
PRIVATE – Paragon Capital Corporation closed private placement for $[mepr-active rule=”374″ ifallowed=”hide”]##subscriber ONLY content##[/mepr-active][mepr-active rule=”374″]875,000[/mepr-active].
PUBLIC – VOIP-Pal.Com Inc. (OTCQB: VPLM) has completed a private placement raising US $[mepr-active rule=”374″ ifallowed=”hide”]##subscriber ONLY content##[/mepr-active][mepr-active rule=”374″]226,500[/mepr-active] from US and Swiss investors.
PUBLIC – Alba Minerals Ltd. (TSX-V: AA.H; OTCPK: AXVEF) has completed private placement of 7,500,000 units at a price of 10 cents per unit for gross proceeds of $750,000.
PUBLIC – Nova Leap Health Corp. (TSX-V: NLH) has closed its previously announced non-brokered private placement by raising $700,000 through the issuance of 3,500,000 Units at a price of $0.20 per unit.
PUBLIC – Avalon Advanced Materials Inc. (TSX: AVL; OTCQX: AVLNF) has private placement with an entity managed by The Lind Partners of 500 Series A1 Preferred Shares at a price of $5,000 per Preferred Share for gross proceeds of $2,500,000.
M&A – Chemtrade Logistics Income Fund (TSX: CHE.UN) has completed its previously-announced acquisition of all of the issued and outstanding common shares of Canexus Corporation by way of a court-approved plan of arrangement for an enterprise value of $900 million.
PUBLIC – New Gold Inc. (TSX/NYSE: NGD) has closed its previously announced bought deal financing of 61,640,000 common shares at US $2.80 per share for gross proceeds of approximately US $173 million. The offering was made through a syndicate of underwriters led by RBC Capital Markets and Scotiabank.
PUBLIC – SQI Diagnostics Inc. (TSX-V: SQD; OTCQX: SQIDF), a life sciences and diagnostics company that develops and commercializes proprietary technologies and products for advanced microarray diagnostics, has completed an upsized non-brokered private placement of 22,970,000 at $0.16 per unit for gross proceeds of approximately $3.7 million. Insiders subscribed for 18,750,000 units for gross proceeds of $3 million.
M&A – Maple Leaf Foods (TSX: MFI: TSX) has closed previously announced acquisition of Lightlife Foods, Inc., a leading manufacturer and brand of refrigerated plant-based protein foods in the United States, has closed. The transaction value of $140 million plus related costs was financed from cash on hand.
PUBLIC – Maple Peak Investments Inc. (TSX-V: MAP) has closed previously announced non-brokered private placement 3,700,000 common shares at $0.90 per share for gross proceeds of $3,330,000.
PUBLIC – Volcanic Gold Mines Inc. (TSX-V: VG) has closed its previously announced non-brokered private placement financing of 12.5 million units at $0.40 per unit for proceeds of $5.0 million.
PE PIPE – Nevada Copper Corp. (TSX: NCU) has closed the US $5 million investment with its long-term cornerstone shareholder, Pala Investments Limited.
PUBLIC – Iberian Minerals Ltd. (TSX-V: IML; OTCQB: SLDRF) has closed over-subscribed subscription receipt financing of Enviroleach Technologies Inc. for gross proceeds of $3,000,000, being $500,000 more than previously announced.
PUBLIC – Desert Gold Ventures Inc. (TSXV: DAU; FSE: QXR2; OTCPK: DAUGF) has closed its private placement of 1,200,000 units at a price of $0.25 per unit for gross proceeds of $300,000.
Announced Deals
PUBLIC – First Quantum Minerals Ltd. (TSX: FM) is launching an offering of $1,600 million of Senior Notes due 2023 and 2025.
PUBLIC – Canadian Energy Services & Technology Corp. (TSX: CEU; OTCQX: CESDF) intends to conduct a private placement offering of $300.0 million aggregate principal amount of Senior Unsecured Notes due 2025. CES has engaged Scotia Capital Inc. and RBC Dominion Securities Inc. to lead a syndicate of underwriters to conduct the offering.
photo credit: Ted Liu, CPE Media