Canadian Financing Bulletin (CFB) Reports CDN $188.8m In Proposed and $201.6m Closed Financings for the Week of January 28 - February 01

ID: 225598

NGEX Resources Inc (NGX.TO) raises $34m in a non-brokered share offering.

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/02/13 -- 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 38 new proposed placements from the , (termed and in the report) and sectors. Of those, 31 were for mining stocks, two for oil/gas stocks, and five for technology stocks, with the total value of new proposals reaching almost $189m. Three 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 29.42m shares at a price of $3.40 for gross proceeds of $100.0m in a placement led by BMO Capital Markets.

The published term sheets for 38 placements that were closed during the week. Of these, 20 were for stocks, seven for , and seven for stocks, with the total value of these closings being almost $202m. Five of these placements were designated 'flow through' issuances and one debenture placement closed. The largest public closing was by NGex Resources Inc (NGQ.TO) which closed an offering consisting of 10m shares at a price of $3.40 for gross proceeds of $34m in a non-brokered placement.

The also tracked one amendment and one cancellation to placements published at the end of the weekly report. To date, there have been over 400 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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