Canadian Financing Bulletin Reports (CDN) $421m in Proposed and $790m in Closed Financings for the Week of July 19-23

Mala Noche Resources Corp. Raises $300m in Subscription Offering Led by Canaccord Genuity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2010) - In this week's report, the CFB published term sheets for 37 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 29 were for mining stocks, six for oil/gas and two for technology stocks with the total value of new proposals reached over $421m. Nine of these placements were designated 'flow through' issuances and there were two new debenture offerings. The largest new public proposal was by Andean Resources Ltd. (AND.TO), which launched a share offering consisting of 70m shares priced at $3.35 in placement led by BMO Capital Markets.

The CFB published term sheets for 52 placements that were closed during the week. Of these, 36 were for mining stocks, 13 for oil/gas, and three for technology stocks, with the total value of these closings being over $790m. Eight of these placements were designated 'flow through' issuances and two debentures closed. The largest public closing was by Detour Gold Corp. (DGC.TO) which issued 11.75m shares (including a 1.25m share overallotment) priced at $24 for gross proceeds of $282m in placement led by BMO Capital Markets.

The CFB also tracked five amendments to placements, one cancellation and two overallotments, published at the end of the weekly report. To date, there have been 303 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of July 19 to July 23, 2010

About the CFB

The Canadian Financing Bulletin is produced and distributed by Blender Media, an integrated creative agency specializing in both online and print design, development and maintenance. Blender Media's work includes extensive strategies for shareholder communication, intuitive design interfaces and the opportunity to be memorable in a sea of investment possibilities.

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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 136 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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Canadian Financing Bulletin
Ryan Tapping
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