VANCOUVER--(BUSINESS WIRE)--In this week’s report, the CFB
published term sheets for 43 new proposed placements from the mining,
oil/gas (termed metals and energy in the report) and technology sectors.
Of those, 26 were for mining stocks, 13 for oil/gas and four for
technology stocks, with the total value of new proposals reached over
$822m. Seven of these placements were designated ‘flow through’
issuances and there were no new debenture offerings. The largest new
public proposal was by NovaGold
Resources Inc (NG.TO), which launched an offering of roughly 18
million shares at $5.50USD for $100m USD in a non-brokered placement.
The CFB
published term sheets for 57 placements that were closed during the
week. Of these, 42 were for mining stocks, eight for oil/gas, and seven
for technology stocks, with the total value of these closings being
almost $922m. Six of these placements were designated ‘flow through’
issuances and one debenture closed. The largest public closing was by Seabridge
Gold Inc (SEA.V) which issued 2,875,000 new shares (including a
375,000 share overallotment) for gross proceeds of over $68m in a
placement led by Dahlman
Rose & Co.
The CFB
also tracked eight amendments to placements, three cancellations and
eight overallotments published at the end of the weekly report. To date,
there have been 282 weekly reports created by CFB;
backdated reports can be obtained by subscribers.
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ABOUT US:
Since CFB
began offering its weekly report over five years ago, it has developed
other more wide reaching reports that have now been published. Our
quarterly and year-in-review reports provide charts, graphs and other
comparative tables that exhibit sophisticated capital market
intelligence. The data in these reports has been read by thousands of
executives, investment advisors, fund managers, and investors from
around the world. CFB
has also recently begun offering specialized monthly reports, focusing
on individual segments within the sectors CFB
covers (i.e., gold, uranium, oil, etc.) To date, there have been 127
reports created by CFB;
several of these reports are currently posted on the CFB
website.
As one can see, CFB
offers an important perspective into Canadian capital markets. These
markets play a crucial role in the financing of companies active
worldwide in various business sectors, specifically for natural
resources exploration and development. Canada maintains a leadership
role due to a number of factors:
-
A history of significant natural resources;
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Efficient and transparent capital markets;
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Strong backing from the investment community; and
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Regional clusters of the world’s most innovative, organized and
aggressive exploration and development personnel, in cities like
Vancouver, Calgary and Toronto.