Daily deals summary – March 7 2017

Photo of author

By Ted Liu

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

The following are the deals summary for March 7, 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

PUBLIC – First Cobalt Corp. (TSX-V: FCC) has completed its non-brokered private placement of 12,000,000 common shares at a price of $0.50 per share for gross proceeds of $6,000,000. The private placement was fully-subscribed.

PUBLIC – LSC Lithium Inc. (TSX-V: LSC) has completed private placement of25,757,513 subscription receipts at 1.30 per receipt for gross proceeds of $33,484,766.80

PUBLIC – HPQ Silicon Resources Inc. (TSX-V: HPQ; FSE: UGE; OTCPK: URAGD) has completed the second and final tranche closing of its previously announced non-brokered private placement of 2,488,234 units at $0.17 per unit for gross proceeds of $423,000.

PUBLIC – Focus Graphite Inc. (TSX-V: FMS; OTCQX: FCSMF; FSE: FKC) has held a first closing of a non-brokered private placement of 12,493,536 units at a price of $0.075 per unit for gross proceeds of $937,015.

PUBLIC – Newstrike Resources Ltd. (TSX-V: NR) closed its previously announced private placement of 25,000,000 Subscription Receipts at a price of $0.125 per Subscription Receipt for aggregate gross proceeds of $3,125,000.

M&A – Constellation Software Inc. (TSX: CSU) announced that its wholly-owned division Volaris Group has completed the acquisition of Telepin Software Corporation, a provider of digital financial services platforms to mobile operators. The acquisition is Volaris’ fifth acquisition in the communications vertical.

M&A – Gaz Métro Limited Partnership, through one of its subsidiaries, has acquired Rockville, Maryland based Standard Solar, Inc., a leading solar energy firm specializing in the development, installation and financing of commercial solar electric systems in many states across the United States.

Announced Deals

PUBLIC – Fission 3.0 Corp. (TSX-V: FUU) intends to close a non-brokered private placement of units at $0.07 per unit for up to $2 million and flow-through shares at $0.10 per share for up to $3 million.

PUBLIC – Husky Energy Inc. (TSX: KSE) has agreed to issue CDN $750 million in notes maturing on March 10, 2027. The 2027 Notes are being offered through a syndicate of agents led by CIBC World Markets Inc., BMO Nesbitt Burns Inc., TD Securities Inc. and HSBC Securities Canada Inc.

PUBLIC – Titan Medical Inc. (TSX: TMD; OTCQX: TITXF) has engaged Bloom Burton Securities Inc., on a best efforts agency basis, for an overnight marketed public offering.

PUBLIC – ENPAR Technologies Inc. (TSX-V: ENP) intends to close a non-brokered, private placement of 2,500,000 units at a price of $0.10 per unit for gross proceeds of $250,000.

PUBLIC – Appia Energy Corp. (CSE: API; OTC:APAAF; FSE/MUN/BERLIN: A0I) intends to close offering up to 3,000,000 working capital units at $0.35 per WC Unit for up to $1,050,000. The funds will be used to explore the recently acquired Otherside and Loranger properties to the drilling stage and for working capital.

PUBLIC – Noble Mineral Exploration Inc. (TSX-V: NOB;, FSE: NB7; OTCPK: NLPXF) has engaged IBK Capital Corp. for a best efforts private placement of up to 5,000,000 units at $0.06 per NFT unit and of up to 10,000,000 flow-through units at $0.075 per FT unit for aggregate gross proceeds of up to $1,050,000.

photo credit: Cosmic Timetraveler via unsplash