Daily Update: June 29, 2011
posted on 7/1/2011 1:46:21 PM | 1638 reads
| Post #117957
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:CPX) opened 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:PVG) opened 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:RGC) opened 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:HSE) closed 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.U) closed a $24.7 million private placement on a best efforts basis. The private placement was underwritten by Paradigm Capital.
Edgewater Exploration Ltd. (TSX-V:EDW) closed 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:CD) closed a $2.4 million private placement on a best efforts basis.
Northern Shield (TSX-V:NRN) closed a $2.6 million private placement on a best efforts basis.
