Canadian Financing Bulletin (CFB) reports $146m in Announced Financings by Canadian Listed Companies and $1.27 billion closed for the week of Jan 25 to Jan 29, 2010.

PetroBakken closes $793m offering to pay for Result acquisition.

This week, the Canadian Financing Bulletin (CFB), a leader in tracking financing activities of Canadian reporting issuers, published term sheets for 44 new proposed placements from the mining, oil &gas (termed metals and energy in the report) and technology sectors. Of those, 34 were for mining companies, 5 for oil & gas and 5 for technology stocks, with the total value of new proposals nearly reaching $146m.

Seven of these placements were designated ‘flow through’ issuances and there were no new debentures offered. The largest new public proposal was by Wex Pharmaceuticals Inc (WXI.TO), which planned a rights offering for $34.5m in a non-brokered placement.

The CFB published term sheets for 74 placements that were closed during the week. Of these, 56 were for mining companies, 13 for oil &gas, and five for technology stocks, with the total value of these closings being roughly $1.27billion. Six of these placements were designated ‘flow through’ issuances and four were debentures. The largest public closing was by PetroBakken Energy Ltd (PBN.TO), which issued 750,000 debentures in $USD for gross proceeds of over $793m in a placement led by ABG Sundal Collier Norge.

The CFB also tracked four amendments to placements, one cancellation, and three overallotments published at the end of the weekly report. To date, there have been 277 weekly reports created by CFB; backdated reports can be obtained by subscribers.

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About Us:

The Canadian Financing 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.

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 123 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.