M&A, Financing and Restructuring
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GOLD: Bonterra raises $21.5M for Gladiator exploration
QUEBEC – Bonterra Resources of Vancouver is raising exploration money for its Gladiator gold project 170 km northeast of Val d’Or. The company will issue 19.2 million flow-through shares ($0.60 each) and 13.3 million super flow-through shares ($0.75 each). The…
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FUNDING: CLEER proposal falls short of federal funding
OTTAWA – The consortium behind the CLEER supercluster proposal remains committed to transforming Canada’s mining industry through innovation, despite not being amongst the five projects selected by Innovation, Science and Economic Development Canada for supercluster funding. The Canadian mining industry…
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ZINC: Callinex finds 11+metres of 3.9% ZnEq at Nash Creek
NEW BRUNSWICK – Vancouver-based Callinex Mines has released the results of its recently completed drilling campaign at its Nash Creek zinc project 20 km west of Belledune. The drilling was done to expand the deposit laterally and along strike to…
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GOLD: Mawson announces $8.1M investment by Goldcorp
VANCOUVER – Mawson Resources has closed a private placement worth $8.1 million with Goldcorp. The deal involved the issuance of 18 million Mawson share and share purchase units at a price of $0.45 each. As a result, Goldcorp has become…
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OIL SANDS: Suncor buys 5% more of Syncrude joint venture
ALBERTA – Suncor Energy of Calgary is increasing its interest in the Syncrude oil sands joint venture to 58.74% from 53.74%. The company has agreed to pay $920 million for the 5% interest held by Mocal Energy. Subject to customary…
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Roundup 2018: Osisko’s Roosen on tackling ‘tough’ markets
VANCOUVER — Sean Roosen’s Osisko group of companies is among a rare breed of mining-focused entrepreneurial firms that have flourished over the past decade despite frigid capital markets and low commodity prices. The group emerged as a major financial player following…
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DIAMONDS: Mountain Province makes friendly bid for Kennady
TORONTO – Mountain Province Diamonds and Kennady Diamonds have entered into a friendly and definitive agreement whereby Mountain Province will acquire all the issued and outstanding shares of Kennady. The latter was spun out of Mountain Province in 2012. Kennady…
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PwC: Miners drive $5B year in Canadian IPOs
The following is an edited summary from PwC about its annual IPO survey. For more information, visit www.PwC.com. The 2017 market for initial public offerings (IPOs) in Canada raced across the finish line to post a $5.1-billion, five-year record for total…
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COBALT: Sherritt links warrants to cobalt price, raises $115M
TORONTO – Sherritt International is raising C$115 million through the sale of shares and share purchase warrants. The proceeds will be used to reduce debt, for general corporate purposes and to fund future growth. The company will issue 82.1 million…
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First Majestic bids for Primero in friendly deal
First Majestic Silver’s (TSX: FR; NYSE: AG) proposed acquisition of Primero Mining (TSX: P) and its San Dimas silver-gold mine would bring the number of its operating silver mines in Mexico to seven. Keith Neumeyer, First Majestic’s president and CEO, said…
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POTASH: Nutrien created as Agrium, PotashCorp merger closes
SASKATOON – Nutrien Ltd., formed by the successful completion of the merger of Agrium and Potash Corporation of Saskatchewan, begins trading today on both the TSX and NYSE under the ticker symbol NTR. “Today we are proud to launch Nutrien,”…
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COMMENT: First Quantum sniffing around Pebble project
No one doubts that the Pebble copper-gold deposit in Alaska is one of the largest undeveloped mineral resources in the world. It contains a measured and indicated resource of 6.44 billion tonnes grading 0.40% copper and 0.34 g/t gold using…
