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Canadian Finance Bulletin (CFB) Reports $198m in Proposed and $919m Closed Financings for the Week of May 10 to 14

May 20, 2010

Platmin Closes Two Deals for US$385m in Placements Led by RBC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2010) - The Canadian Finance Bulletin has been a leader in tracking financing activities of Canadian capital markets in the mining, energy and technology sectors for over five 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.

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In this week's report, the CFB published term sheets for 47 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 34 were for mining stocks, seven for oil/gas and six for technology stocks, with the total value of new proposals reached over $198m. 16 of these placements were designated 'flow through' issuances and there were no new debenture offerings. The largest new public proposal was by Petromanas Energy Inc. (PMI.V), which launched a unit offering consisting of 150m shares priced at $0.40 with a warrant attached led by Raymond James.

The CFB published term sheets for 69 placements that were closed during the week. Of these, 50 were for mining stocks, 12 for oil/gas, and seven for technology stocks, with the total value of these closings being almost $919m. 10 of these placements were designated 'flow through' issuances and three debentures closed. The largest public closing was by Platmin Ltd. (PPN.TO) which issued 205.8m common shares priced at US$1.215 for gross proceeds of over CDN$254.7m in a placement led by RBC Capital Markets.

The CFB also tracked four amendments to placements, three cancelled placements, and three overallotments published at the end of the weekly report. To date, there have been 293 weekly reports created by CFB; backdated reports can be obtained by subscribers.

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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 132 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;

  • Efficient and transparent capital markets;

  • Strong backing from the investment community; and

  • Regional clusters of the world's most innovative, organized and aggressive exploration and development personnel, in cities like Vancouver, Calgary and Toronto.



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