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Canadian Finance Bulletin (CFB) Reports CDN $109m in Proposed and $459m Closed Financings for the Week of May 25-28

May 31, 2010

Banro Closes Note Offering for US$150m in Brokered Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2010) - In this week's report, the CFB published term sheets for 29 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 23 were for mining stocks, three for oil/gas and three for technology stocks, with the total value of new proposals reached almost $109m. Seven of these placements were designated 'flow through' issuances and there was one new debenture offering. The largest new public proposal was by Crocodile Gold Corp (CRK.V), which launched a share offering consisting of 15.4m shares priced at $1.30 led by Macquarie Capital.

The CFB published term sheets for 55 placements that were closed during the week. Of these, 33 were for mining stocks, 13 for oil/gas, and nine for technology stocks, with the total value of these closings being almost $499m. Seven of these placements were designated 'flow through' issuances and two debentures closed. The largest public closing was by Petromanas Energy Inc (PMI.V) which issued 187.5m units priced at $0.40 with an half warrant attached for gross proceeds of $75m in a placement led by Raymond James.

The CFB also tracked four amendments to placements and two overallotments, published at the end of the weekly report. To date, there have been 295 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 133 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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