CPE Media/Private Capital Journal provides Canada’s complete private capital financing news and intelligence.
The following are the deals summary for March 8, 2017.
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Completed Deals
PUBLIC – Leagold Mining Corporation (TSX-V: LMC) has completed its previously announced offering of 63,640,000 subscription receipts at an issue price of $2.75 per subscription receipt for gross proceeds of $175,010,000. The offering is being led by BMO Capital Markets and UBS Securities Canada Inc.
PUBLIC – Fortune Minerals Limited (TSX: FT; OTCQX: FTMDF) has closed its previously announced short form prospectus offering of 25,800,000 units at a price of $0.25 per unit for gross proceeds of $6,450,000, with Cormark Securities Inc. acting as underwriter.
PUBLIC – Conifex Timber Inc. (TSX: CFF) has completed its previously announced bought deal offering of 3,450,000 common shares of Conifex at a price of $3.05 per share for gross proceeds of $10,522,500. The offering was conducted by a syndicate of investment dealers led by Raymond James Ltd.
PUBLIC – Le Château Inc. (TSX: CTU) has entered into a new agreement with a corporation controlled by Herschel Segal, the founder of Le Château and a Director and a significant shareholder of the company, for a financing of $2.5 million.
PUBLIC – Abacus Mining & Exploration Corporation (TSX-V: AME) has closed previously announced non-brokered private placement of 20,400,000 units at a price of $0.05 per unit for gross of $1,020,000.
PUBLIC – Benz Mining Corp. (TSX-V: BZ.H) has closed its previously announced non-brokered private placement of 4,166,664 units at a price of $0.12 per unit for gross proceeds of up to $499,999.68.
PUBLIC – GoldQuest Mining Corp. (TSX-V: GQC; FSE/BERLIN: M1W) has closed its previously announced non-brokered private placement of 38,100,000 common shares at a price of $0.60 per common share with Agnico Eagle Mines Limited for a total investment of $22,860,000. Agnico now owns approximately 15% of the issued and outstanding common shares of GoldQuest.
PUBLIC – EnerDynamic Hybrid Technologies Corp. (TSX-V: EHT) has completed the third and final tranche of a private placement. The company has raised $1,389,099.90 of gross proceeds from the sale of units at a price of $0.15 each.
PUBLIC – Monarques Gold Corporation (TSX-V: MQR; FSE: MR7) has completed a bought deal private placement of 4,000,000 units at $0.45 per unit for gross proceeds of $1,800,000 and 5,000,000 flow-through common shares at a price of $0.66 per FT share for gross proceeds of $3,300,000. The offering was made by a syndicate of underwriters led by Laurentian Bank Securities Inc.
Announced Deals
PUBLIC – Renaissance Oil Corp. (TSX-V: ROE) has entered into an engagement letter dated March 7, 2017 with Haywood Securities Inc. on behalf of a syndicate of agents in respect of a brokered private placement of up to 33,334,000 units at a price of $0.30 per unit for gross proceeds of up to $10,000,200
PUBLIC – Gibson Energy Inc. (TSX: GEI) has agreed to issue and sell CDN $350 million aggregate principal amount of 5.25%, senior unsecured notes due July 15, 2024, on an exempt private placement. The Notes will be issued at par and interest thereupon will be payable semi-annually in arrears beginning July 15, 2017. The Notes will be issued under a new indenture. The private placement is expected to close on or about March 22, 2017, subject to customary closing conditions.
PUBLIC – Rainmaker Resources Ltd. (TSX-V: RIR) intends to close a non-brokered private placement of up to 15,000,000 common shares at a price of $0.05 per share for gross proceeds of up to $750,000.
PUBLIC – Firm Capital Mortgage Investment Corporation (TSX: FC) has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters bookrun by TD Securities Inc. and CIBC Capital Markets, 1,420,000 common shares at $14.10 per share for gross proceeds of $20,022,000.
PUBLIC – Algold Resources Ltd. (TSX-V: ALG) has entered into an agreement with Beacon Securities Limited for a bought deal of 20,000,000 units at $0.20 per unit for gross proceeds of $4,000,000.
PUBLIC – Fieldex Exploration Inc. (TSX-V: FLX; FSE: F7E) intends to close a non-brokered private placement of up to 5 million units at a price of $0.10 per unit for gross proceeds of up to $500,000.
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