It appears that the British monarchy will not bring the LSE across the pond on their trip to North America, but they will be attending a cooking class. This must have encouraged investors, as Wednesday was less sluggish in the resource financing market.

There were four deal openings with a total expected proceeds of $214 million. Additionally there were seven deal closings with gross proceeds of $1.24 billion. Also, one private placement was cancelled.

Wednesday’s Largest Private Placements

Openings

Capital Power Corporation (TSX:CPXopened a $200 million private placement on a bought deal basis. The private placement is underwritten by TD Securities. The deal is expected to close on or about July 12, 2011.

Pretium Resources Inc. (TSX:PVGopened a $10 million private placement on a bought deal basis. The private placement is underwritten by CIBC. The deal is expected to close on or about July 15, 2011. 

Redstar Gold Corp. (TSX-V:RGCopened a $2.8 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.

Closings

Husky Energy Inc. (TSX:HSEclosed their $1.2 billion private placement on a bought deal basis. The syndicate of underwriters was led by RBC Capital.

Touchstone Exploration Inc. (TSX-V:TAB.Uclosed a $24.7 million private placement on a best efforts basis. The private placement was underwritten by Paradigm Capital.

Edgewater Exploration Ltd. (TSX-V:EDWclosed an $11 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.

Cantex Mine Development Corp. (TSX-V:CDclosed a $2.4 million private placement on a best efforts basis.  

Northern Shield (TSX-V:NRNclosed a $2.6 million private placement on a best efforts basis.