M&A, Financing and Restructuring
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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…
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ZINC-LEAD: Osisko initiates friendly takeover of Pine Point
MONTREAL and TORONTO – Osisko Metals has announced its intention to acquire all of the issued and outstanding common shares of Pine Point Mining in a friendly takeover. A newly formed company (Spinco) will be created to hold all of…
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GRAPHITE: $45M deal for Mason Graphite development at Lac Gueret
QUEBEC – Montreal’s Mason Graphite is raising $45 million through a bought deal to be used toward the development and construction of its Lac Gueret graphite property at Baie Comeau. A syndicate of underwriters led by National Bank Financial have…
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GOLD: Harte raises $27M with offtake deal for Sugar Zone
ONTARIO – Harte Gold Corp. of Toronto has announced a private placement of $27 million to be used to advance its Sugar Zone project 60 km east of the Hemlo gold camp. Harte will issue approximately 55.3 million common shares…
