Daily Update: June 21, 2011
Wimbledon seems to be less of a distraction to the Canadian resource financing market than the Stanley Cup. Tuesday saw another relatively strong day in comparison to May and the rest of June.
On Tuesday there were six deal openings with expected proceeds of $59.5 million, one updated deal, and $30.3 million raised in the four deals that closed. In addition, Unitech Energy Resources closed a $5.5 million deal on Monday after market close.
Tuesday's Largest Private Placements
Atacama Pacific Gold Corporation (TSX-V:ATM) opened a $30.45 million private placement on a bought deal basis. The private placement is underwritten by RBC Capital and is expected to close on or about July 12, 2011.
Global Minerals Ltd. (TSX-V:CTG) opened a $5 million private placement on a best efforts basis.
Alberta Oilsands Inc. (TSX-V:AOS) announced a $4.86 million private placement. The deal is expected to close on or about June 27, 2011.
Southern Arc Minerals Inc. (TSX-V:SA) closed an $18 million strategic deal with Tadeen Cyprus Holdings.
Coalspur Mines Limited (TSX:CPT) closed an $11.1 million strategic deal with the Highland Park Group.
Large Closing from Monday
Unitech Energy Resources Inc. (TSX-V:URX) closed a $5.52 million private placement on a best efforts basis. Each unit included 1 warrant that expires in 24 months.