Daily deals summary – February 17, 2017

Ted Liu

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

The following are the deals summary for February 17, 2107.

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Top News

Appili Therapeutics receives $2.8M ACOA funding
Appili Therapeutics Inc., an anti-infective drug development company, has awarded $2.8M from ACOA. Appili Therapeutics has raised $8.23M in equity and grants from Innovacorp and Bloom Burton & Co. led Canadian and US private investor syndicate. Read More …

Advantage Lithium closes $20M acquisition financing
Advantage Lithium has completed $20M subscription receipts financing led by Eight Capital and Canaccord Genuity Corp. Read More …

Intercontinental Exchange to acquire TMX Atrium
Intercontinental Exchange has agreed to acquire TMX Atrium from TMX Group. Marlin & Associates acted as exclusive strategic and financial advisor to TMX and formerly as financial advisor to Atrium Networks in its sale oto TMX. Read More …

Hedge fund OakRun acquires additional Zephyr shares
Hedge fund OakRun Precious Metals Fund has agreed to invest $184K in Zephyr Minerals. Read More …

A&W Food Services to sell partial stake in secondary offering
A&W Food Services of Canada has entered agreement with Laurentian Bank Securities for a $14.65M secondary offering of A&W Revenue Royalties Income Fund units. Read More …

OPTrust invests $125M in Kineticor Resource
OPTrust has invested $125M in Harbert Power backed Kineticor Resource and funded the acquisition from Shell Canada of a partially constructed 690 MW cogeneration plant located near Peace River, Alberta. Read More …

Perpetual Energy enters into financing initiatives with AIMCo
Perpetual Energy has entered into $68M strategic financing initiatives led by Alberta Investment Management Corporation (AIMCo) including a $45 million second lien senior secured term loan, a $9 million non-brokered equity private placement, a $14 million increase in total borrowing capacity under the credit facility to $20 million. Read More …

Completed Deals

PRIVATE – AP Capital Mortgage Investment Corporation, a residential mortgage lender, has raised $2.49 million from BC, Alberta, Saskatchewan, and Ontario investors.

PRIVATE – AP Capital REIT, a private REIT with income producing commercial real estate assets in Western Canada and the Western USA, has raised $277K from BC, Alberta and Manitoba investors.

M&A – BURNCO Rock Products Ltd, a family owned company, has acquired Bestway Concrete Company, a leading ready mix concrete and aggregate producer in the metro Denver and northern Colorado regions. Financial terms were not disclosed.

PUBLIC – Silver Range Resources Ltd. (TSX-V: SNG), a mineral exploration with a portfolio of high grade gold targets in Nunavut, the Northwest Territories and Nevada, has closed the $750,000 private placement announced February 14, 2017, consisting of the sale of 4,687,500 units at $0.16 per unit.

PUBLIC – Hannan Metals Limited (TSX-V: HAN), a mineral exploration company with 100% ownership of the County Clare Zn-Pb-Ag-Cu project in Ireland, has closed previously announced non-brokered private placement of 5,800,000 units at $0.26 per unit for gross proceeds of $1,508,000.

PUBLIC – Hyduke Energy Services Inc. (TSX: HYD) has closed its previously announced brokered private placement of 37,647,057 common shares at a price of $0.34 per share for gross proceeds of $12.8 million. The private placement was conducted by Lightyear Capital Inc. and PI Financial Corp.

PUBLIC – Questerre Energy Corporation (TSX/OSE: QEC), an exploration company focused on Utica shale gas discovery in the St. Lawrence Lowlands, Quebec, has closed its previously reported private placement of 30.8 million common shares at NOK 5.00 or C$0.79 per share for gross proceeds of NOK 154 million or approximately C$24 million. Pareto Securities AS and Swedbank acted as managers and bookrunners.

PUBLIC- Blackrock Gold Corporation (TSX-V: BRC), a gold exploration company with projects in Nevada and BC, has closed the non‑brokered private placement of 5,451,666 units at $0.075 per unit for gross proceeds of $408,875. Insiders of the company acquired an aggregate of 2,000,000 units: Deepak Malhotra (200,000 units), Alan Carter (333,333 units), Hendrik Van Alphen (1,000,000 units), Thomas Bruington (66,667 Units) and Michael E O’Connor (400,000 units).

PE PIPE – Commerce Resources Corp. (TSX-V: CCE; FSE: D7H), a mineral company focused on the development of its Ashram Rare Earth Element Deposit in Quebec and the Blue River Tantalum-Niobium Deposit in BC, has completed previously announced non-brokered private placement financing of 34,350,450 units at $0.05 per unit for gross proceeds of $1,717,522.50. Ressources QuĂ©bec subscribed 20,000,000 units for an investment of $1 million.

PUBLIC – Cielo Waste Solutions Corp. (CSE: CMC), a cleantech company focused on materials recovery, renewable diesel and landfill reduction, has closed second tranche of its proposed non-brokered private placement offering of up to $1M in secured convertible debentures, raising $110,000 from this second tranche. Cielo raised $20,000 from first closing on June 30, 2016 . Cielo is anticipating an additional $500,000 to be subscribed for the closing of the next tranche, expected to occur in the near future.

PUBLIC – Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners L.P. (TSX: BPY.UN; NYSE: BPY), has closed previously announced offering of 11,000,000 Cumulative Minimum Rate Reset Class AAA Preference Shares, Series EE at CDN $25.00 per shares for gross proceeds of CDN $275 million. The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc., CIBC Capital Markets Inc., RBC Dominion Securities Inc., and TD Securities Inc. Torys LLP and Goodmans LLP acted as legal counsels to Brookfield and the underwriters respectively.

Announced Deals

PUBLIC – Molori Energy Inc. (TSX-V: MOL; OTCPK: TAIPF), an oil and gas production company with current operations in the Texas Panhandle, intends to close a non-brokered private placement offering of up to 3,000,000 units at $0.10 per unit for gross proceeds of up to $300,000.

PUBLIC – Golden Predator Mining Corp. (TSX-V: GPY; OTCQX: NTGSF) has entered into an agreement with Clarus Securities Inc. for a bought deal of 6,250,000 common shares at $1.60 per share and 2,703,000 flow-through common shares at $1.85 per FT share for aggregate gross proceeds of CDN $15,000,550

PUBLIC – TekModo Industries Inc. (TSX-V: TEK), a supplier of advanced composite material to the RV, trailer, panel van, box truck, shuttle bus and marine industries, intends to close a non-brokered private placement of a minimum of 10 million units and a maximum of 15 million units at $0.20 per unit (post 1:5 consolidation) for gross proceeds of minimum of $2 million and up to a maximum of $3 million.

photo credit: Katherine McCormack via unsplash