With the Stanley Cup over, it appears that Canada is getting back to work. The value of private placement openings on Friday after market close and Monday was larger than the totals from the previous two weeks.

Monday saw 10 deal openings with expected proceeds of $61 million and four closed deals for $5 million. Additionally, Spartan Oil closed an $11 million offering on Friday after market close. There were also two updated deals.

Monday's Largest Deals

Openings

Extorre Gold Mines Limited (TSX:XG) opened a $25 million private placement on a bought deal basis. The private placement is underwritten by TD Securities and is expected to close on or about July 12, 2011.

Brazilian Diamonds Limited (TSX-:V:BZD) opened a $13.5 million private placement on a best efforts basis. Ocean Equities is the lead underwriter for this private placement.

Enterprise Energy Resources Ltd. (TSX-V:EER) opened a $12 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 12 months. The deal is expected to close on or about June 24, 2011.

Estrella Gold Corp. (TSX-V:EST) opened a $4.03 million private placement on a best efforts basis. Each unit includes 1 warrant that expires in 24 months.

Southern Silver Exploration Corp. (TSX-V:SSV) opened a $3 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.

Closings

Brazilian Diamonds Limited (TSX-V:BZD) closed a $1.67 million private placement on a best efforts basis.

El Condor Minerals Inc. (TSX-V:LCO) closed a $1.1 million private placement on a best efforts basis. Each unit included a 1/2 warrant that expires in 12 months.

Starfield Resources Inc. (TSX:SRU) closed a $1.36 million private placement on a best efforts basis. Each unit included 1 warrant that expires in 24 months.

Updates

Edgewater Exploration Ltd. (TSX-V:EDW) closed the first tranche of its $11 million private placement for $10,424,000. They expect the second tranche of $576,000 to close shortly.

Large Closing on Friday


Spartan Oil Corp. (TSX:STO) closed an $11 million private placement on a best efforts basis.

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