Canadian Financing Bulletin (CFB) Reports CDN $84.1m in Proposed and $978.2m Closed Financings for the Week of October 22-October 26

ID: 197165

Torex Gold Resources Inc (TXG.TO) raises $380m in a unit offering led by BMO Capital Markets.

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/29/12 -- The has been a leader in tracking financing activities of Canadian capital markets in the , and sectors for over seven years. Our unparalleled service offers unique insight into small and micro cap stocks, as well as comprehensive comparative reports detailing the worldwide reach of Canadian companies in these sectors. With the listings of active proposed placements, investors and companies that might not otherwise receive analyst coverage are potentially brought together. As well, we offer coverage of activity in the bond market for users to be made aware of lower-risk opportunities.

In this week's report, the published term sheets for 37 new proposed placements from the , (termed and in the report) and sectors. Of those, 31 were for mining stocks, three for oil/gas stocks, and three for technology stocks, with the total value of new proposals reaching over $84m. Nine of these placements were designated a 'flow through' issuance and there were two new debenture offerings. The largest new public proposal was by (), which launched an offering consisting of 100m units at a price of $0.10 (including a warrant of $0.125) in a non-brokered placement.

The published term sheets for 66 placements that were closed during the week. Of these, 50 were for stocks, 13 for , and three for stocks, with the total value of these closings being over $978m. Nine of these placements were designated 'flow through' issuances and one debenture placement closed. The largest public closing was by () which closed an offering consisting of 190m units at a price of $2 (including a 1/4 warrant of $2.65) for gross proceeds of $380m in a placement led by BMO Capital Markets.

The also tracked six amendments and four overallotments to placements published at the end of the weekly report. To date, there have been 424 weekly reports created by ; backdated reports can be obtained by subscribers.

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As one can see, 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:

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Canadian Financing Bulletin
604-682-3588

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Themen in dieser Pressemitteilung:

torex-gold

st-elias-mining

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