VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/01/13 -- The Canadian Financing Bulletin has been a leader in tracking financing activities of Canadian capital markets in the mining, energy and technology%2f">technology 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 CFB published term sheets for 23 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology">technology sectors. Of those, 18 were for mining stocks, three for oil/gas stocks, and two for technology, with the total value of new proposals reaching over $304m. None of these placements were designated a 'flow through' issuance and there were no new debenture offerings. The largest new public proposal was by Banro Corp (finance.yahoo.com%2fq%3fs%3dbaa.to%26amp%3bql%3d1">BAA.TO), which launched a share offering consisting of 2.4m preferred shares and 1.6m common shares at a price of USD$25 for gross proceeds of USD$100m in a brokered placement.
The CFB published term sheets for 48 placements that were closed during the week. Of these, 36 were for mining stocks, eight for oil/gas, and four for technology%2f">technology stocks, with the total value of these closings being almost $1,978m. Seven of these placements were designated 'flow through' issuances and three debenture placements closed. The largest public closing was by Pacific Rubiales Energy Corp (finance.yahoo.com%2fq%3fs%3dpre.to%26amp%3bql%3d1">PRE.TO) which closed a bond offering consisting of USD$1,000m worth of 5.125%, 10yr bonds in a placement led by Merrill Lynch.
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