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Daily Update: June 21, 2011
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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

Openings


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.

Closings

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.
 
 
 
Comments
CAL's Blanket Gold Mines production targeted 60,000 oz gold 2011 http://www.caledonia...
 
 
 
 
 
Today's Feature  
 
Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is a mineral exploration company focused on the discovery, exploration and development of PGM and nickel-copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. The River Valley Project is one of North America's most advanced primary PGM deposits...