Daily deals summary – March 13 2017

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By CPE News

CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.

The following are the deals summary for March 13, 2017.

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Completed Deals

PUBLIC – CIBT Education Group Inc. (TSX: MBA, OTCQX: MBAIF) has closed the second tranche of a private placement, raising approximately $861,000 through the issuance of 1,434,999 units at a price of $0.60 per unit.

PUBLIC – Riverside Resources Inc. (TSX-V: RRI; OTCPK: RVSDF; FSE: R99) has closed previously announced oversubscribed private placement of 6,257,367 units at $0.55 per unit for gross proceeds of $3,441,552.

PUBLIC – Killam Apartment REIT (TSX: KMP.UN) has closed its previously announced public offering of 6,088,500 units, including 553,500 Units on the exercise of an over-allotment option, at $12.65 per unit for gross proceeds of approximately $77 million. The offering was made pursuant to an underwriting agreement with a syndicate of underwriters led by RBC Capital Markets.

PUBLIC – PNG Gold Corporation (TSX-V: PGK) has closed its previously announced non-brokered private placement of 7,682,500 common shares at a price of $0.30 per share for gross proceeds of $2,304,750.

PUBLIC – Silver Spruce Resources Inc. (TSX-V: SSE; FSE: S6Q) has closed its previously announced non-brokered private placement of 5,743,750 units at $0.08 per unit for gross proceeds of $459,500.00.

Announced Deals

PUBLIC – Mineral Mountain Resources Ltd. (TSX-V: MMV; OTCPK: MNRLF) is arranging a non-brokered private placement of up to 3,636,363 units at $0.275 per unit for gross proceeds of up to C$1,000,000.

PUBLIC – Affinity Metals Corp. (TSX-V: AFF) intends to close a non-brokered private placement of up to 4,000,000 units at a price of $0.05 per unit for proceeds of $200,000.

M&A – Relevium Technologies Inc. (TSX-V: RLV; FSE: 6BX), a consolidator of e-commerce assets in Health and Wellness has received conditional acceptance from the TSX Venture Exchange regarding a binding letter of intent to acquire the assets of BioGanix Limited, a privately- held nutraceutical company in Houston, Texas focused on heart, brain, digestive health and joint support products sold through primarily through e-commerce platforms.

PUBLIC – Smart Real Estate Investment Trust (TSX: SRU.UN) has agreed to issue $150 million aggregate principal amount of Series Q senior unsecured debentures on an underwritten basis that will carry a coupon rate of 2.876% and will mature on March 21, 2022. The offering is being underwritten by a syndicate co-led and book-run by Scotia Capital Inc., BMO Capital Markets, CIBC, RBC Capital Markets and TD Securities Inc. The offering is expected to close on or about March 21, 2017. It is expected that the debentures will be rated BBB by DBRS Limited.

photo credit: Ted Liu, CPE Media