Canadian Financing Bulletin (CFB) Reports (CDN) $518m in Proposed and $910m Closed Financings for the Week of October 18-22

Platinum Group Metals Ltd. Raises $125.1m in Share Offering Led by BMO Capital Markets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2010) - In this week's report, the CFB published term sheets for 51 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 37 were for mining stocks nine for oil/gas stocks, and five for technology stocks with the total value of new proposals reaching over $518m. 10 of these placements were designated 'flow through' issuances and there were three new debenture offerings. The largest new public proposal was Bear Creek Mining Corp. (BCM.TO), which launched an offering consisting of 15.65m common shares priced at $6.40 in a placement led by BMO Capital Markets.

The CFB published term sheets for 77 placements that were closed during the week. Of these, 65 were for mining stocks, eight for oil/gas, and four for technology stocks, with the total value of these closings being over $910m. 14 of these placements were designated 'flow through' issuances and one debenture placement closed. The largest public closing was by Platinum Group Metals Ltd. (PTM.TO) which issued 61m shares priced at $2.05 for gross proceeds of $125.1m in a placement led by BMO Capital Markets.

The CFB also tracked 21 amendments to placements and 10 overallotments, published at the end of the weekly report. To date, there have been 317 weekly reports created by CFB; backdated reports can be obtained by subscribers.

Click here to view CFB for the week of October 18 to October 22, 2010

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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 157 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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