CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.
The following are the deals summary for March 2, 2017.
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Completed Deals
PUBLIC – BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) has closed its previously announced bought deal private placement of 11,000,000 flow-through common shares at $0.35 per FT share and 36,160,000 common shares at $0.28 per share for gross proceeds of $13,974,800. Sprott Capital Partners acted as lead underwriter.
PUBLIC – Grande West Transportation Group Inc. (TSX-V: BUS) has completed its previously announced bought deal private placement of 7,200,000 common shares at $1.90 per share for gross proceeds of $13,680,000. The offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Echelon Wealth Partners Inc.
M&A – EXFO Inc. (NASDAQ: EXFO; TSX: EXF) has acquired privately held Ontology Systems, a UK based technology leader in real-time network topology discovery and service-chain mapping, for a total consideration of US $7.6 million, net of cash.
PUBLIC – Nighthawk Gold Corp. (TSX-V: NHK) has closed the bought deal private placement led by PI Financial Corp. of 12,365,593 flow-through units at $0.93 per FT unit and 16,428,573 NFT units at $0.70 per unit for aggregate gross proceeds of $23,000,002. Nighthawk Gold also closed a non-brokered private placement of 3,027,926 NFT units at a price of $0.70 per unit for gross proceeds of $2,119,548.
PUBLIC – IC Potash Corp. (TSX: ICP; OTCQX: ICPTF) has closed a non-brokered private placement of 6,573,333 units at $0.105 per unit for gross proceeds of $690,200.
PUBLIC – INV Metals Inc. (TSX: INV) has closed previously announced public offering with a syndicate of underwriters co-led by GMP Securities L.P. and Clarus Securities Inc. of 27,600,000 common shares at $1.00 per share for gross proceeds of $27.6 million. IAMGOLD, which owned 35.6% of the outstanding common shares, exercised its pre-emptive right to maintain its pro rata ownership.
PUBLIC – Galantas Gold Corporation (TSX-V/LSE-AIM: GAL) has closed second tranche of private placement, issuing 5,722,222 common shares for CDN $424,798 or UK £257,500. Melquart Ltd, a UK based investment institution, was the only subscriber in the second closing.
PUBLIC – Invictus MD Strategies Corp. (CSE: IMH; OTC: IVITF; FRA: 8IS) has closed its previously announced bought deal private placement, with Canaccord Genuity Corp. and Eventus Capital Corp., of 9,829,130 units at $1.65 per unit for gross proceeds of $16,218,065
PUBLIC – Montan Mining Corp. (TSX-V: MNY; FSE: S5GM; SSE: MNYC) has arranged a private placement financing of up to 9,090,909 units at a price of $0.055 per unit for gross proceeds of up to $500,000.
PUBLIC – Northern Superior Resources Inc. (TSX-V: SUP) has completed the first closing of non-brokered private placement of 58,200,000 units at $0.05 per unit and 3,400,000 flow through shares at $0.055 per FT share for gross proceeds of $3,097,000. Eric Sprott, through 2176423 Ontario Ltd., acquired 40 million units for $2 million, making him the indirect owner of approximately 13.7% of the issued and outstanding common shares on a non-diluted basis
PUBLIC – Luna Gold Corp. (TSX: LGC) and JDL Gold Corp. (TSX-V: JDL) announced that JDL has closed the bought deal of 10,000,000 subscription receipts at $2.00 per subscription receipt for gross proceeds of $20,000,000 and first tranche of the non-brokered private placement of 30,139,086 subscription receipts for gross proceeds of $60,278,172.
PUBLIC – Osprey Gold Development Ltd. (TSX-V: OS), formerly Gonzaga Resources Ltd., has closed previously announced non-brokered private placement of 7,200,000 units at a price of $0.25 per unit for gross proceeds of $1,800,000.
PUBLIC – PUDO Inc. (CSE: PDO; OTCQB: PDPTF) has closed a non-brokered private placement of 204,360 units at a price of $1.90 per unit for gross proceeds of $388,284.
Announced Deals
PUBLIC – Green Swan Capital Corp. (TSX-V: GSW) has entered into an agreement with Industrial Alliance Securities Inc. for a brokered private placement financing for gross proceeds of up to $1M, consisting of up to $350,000 in NFT units priced at $0.10 and up to $650,000 in FT common shares ($150,000 to residents of Quebec and $500,000 to Canadian residents outside Quebec).
PUBLIC – Zadar Ventures Ltd. (TSX-V: ZAD; OTCQB: ZADDF; FRANKFURT: ZAV) has arranged a non-brokered private placement of 20,036,800 units at $0.10 per unit for gross proceeds of $2,003,680.
PUBLIC – Aequus Pharmaceuticals Inc. (TSX-V: AQS; OTCQB: AQSZF), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, has entered into an agreement with Canaccord Genuity Corp. for a bought deal of 10,000,000 units at $0.30 per unit for gross proceeds of $3 million.
photo credit: Ted Liu, CPE Media