Daily Update: June 24, 2011
The tumbleweeds have rolled back in on Friday; all eyes must have been on Winnipeg and the return of the Jets. Two Fridays in a row have been very weak, but last week as a whole was relatively strong for the financing market.
On Friday there was one deal opening with expected proceeds of $5 million. Additionally there were three deal closings with gross proceeds of $78 million.
Friday's Largest Private Placements
Bearing Resources Ltd. (TSX-V:BRZ) opened a $5 million private placement including common and flow-through shares on a best efforts basis. Each unit includes a 1/2 warrant that expires in 12 months.
Iberian Minerals Corp. (TSX-V:IZN) closed a $76 million private placement on a bought deal basis. The private placement is underwritten by Wellington West, and the deal is expected to close on or about June 24, 2011.
Pancontinental Uranium Corp. (TSX-V:PUC) closed a $2.02 million private placement on a best efforts basis. Each unit included a 1/2 warrant that expires in 24 months.