LIVERMORE, Calif., Feb. 11, 2012 /PRNewswire/ – Halt Medical, Inc. announced today that it has closed on the first $20 million of a planned $50 million debt and equity financing.
“Leading the financing with the first $20 million is our long term investment partner American Capital Strategies (ACAS). American Capital’s financial resources, global perspective and life science expertise has made them the perfect financing partner for Halt Medical. Following the lead of American Capital, other investors are climbing on board. We will be closing on another $10 million this quarter with the option for an additional $20 million,” said Jeff Cohen, Halt Medical CEO.
Cohen added, “With fibroid approvals in Canada and Europe and expected soon in the U.S., it’s time to focus our attention on building out our commercial organization. $50 million in fresh capital will enable us to launch the Halt Global Fibroid Ablation (GFA) System in major markets around the world.”
Russ DeLonzor, President & COO added, “While many competitive products targeting uterine fibroids have been rejected by the medical community and regulators, we are seeing an overwhelming interest in Halt Medical’s GFA product. This round of fundraising will be put to immediate use in building up the infrastructure required for us to meet one of the biggest unmet needs in women’s health worldwide.”
About Halt Medical, Inc.
Founded in 2004, Halt Medical is a medical device company focused on women’s health. The company has developed a procedure and related equipment for treating uterine fibroids that is less expensive, more effective and less invasive than other alternatives – the Halt GFA System. In June 2010, the U.S. Food and Drug Administration cleared the Halt 2000GI™ Electrosurgical System for soft tissue ablation using radiofrequency energy. The results of Halt Medical’s international studies have led to recent approvals for treating uterine fibroids in Canada and the European Union. The Halt System may be used for general surgical use in the U.S. The company recently completed a 137 patient IDE clinical trial at 11 sites in 3 countries to demonstrate clinical safety and efficacy in the treatment of symptomatic uterine fibroids. FDA clearance is expected this year. The Company is located in Livermore, CA.
Information about the Halt Fibroid Study and a list of clinical sites in the U.S. may be found at www.clinicaltrials.gov, study number NCT00874029.
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2012年1月19日星期四
Cascadia Capital Forecasts Top Sustainable Industries Predictions for 2012
SEATTLE, WA–(Marketwire -01/18/12)- Cascadia Capital, a diversified, boutique investment bank serving both private and public growth companies around the globe, today announced its Sustainable Industries predictions for the coming year. Cascadia Capital’s Chairman and CEO, Michael Butler predicts that upcoming political and economic debates will drive increasing interest in Sustainable Industries throughout 2012. Cascadia believes that financing and M&A will continue to accelerate, led in part by activity in the solar and energy efficiency sectors.
Sustainable Industries Predictions for 2012:
1. Renewable Project Financing Market in Turmoil as European Banks Pull Out
It’s no secret that banks across Europe have been experiencing the stress of the region’s ongoing economic crisis and fluctuating capital markets. To prepare for further market volatility, European banks are increasing their capital ratios and turning their focus back to their core business. As a result, many European banks are pulling out of the US project finance market for renewable energy products, which will likely result in an overall downturn in financial activity across the sector.
However, Cascadia expects that this void in European investments will be filled by US regional banks along with private placements / 144A financing throughout the next year. These investments will likely come from insurance companies such as John Hancock, Metlife, and Prudential. Union Bank, Wells Fargo, and Key Bank have also indicated that they will be expanding their project finance teams. Furthermore, tax-exempt bonds are now being used to fund qualifying projects. This was evidenced in 2011 when UTS Biogas issued a $24 million bond to finance its two California biogas projects.
Two recent biomass financings illustrate that private equity investors are also stepping up to provide debt. Starwood Energy joined Prudential in providing debt to its Berlin Station biomass plant, and Carlyle recently provided construction financing for the Plainfield Renewable Energy Project, developed by Enova, through the Carlyle Energy Mezzanine Opportunities Group. Cascadia expects this to continue throughout 2012.
2. Renewable Energy Climate Change Comes Back into Public Focus as XL Pipeline Protests Gain Attention
Cascadia predicts that the attention around the XL pipeline will draw interest to the controversy that surrounds broader natural gas and fracking related issues. In the last several months, conservationists and conservatives alike have come together to object the XL pipeline, framing it as an energy-intensive, pollution creating oil extraction process. In 2012, this debate will challenge the U.S.’s commitment to a clean energy economy as natural gas continues to make inroads in the mainstream energy matrix.
3. Renewable energy M&A accelerates, lead by energy efficiency
2011 saw a shift in transactions as money left capital-intensive sectors, such as biomaterials, biofuels and wind, and was invested in asset light sectors such as energy efficiency. As a result, Cascadia predicts managed services providers, like Honeywell, Siemens, and Johnson Controls, will look to acquire energy efficiency companies to meet growing customer demand for real-time energy solutions. Schneider Electric’s acquisition of Summit Energy Services is the strongest signal to date that the energy efficient sector is ready to go to market, and is putting pressure on other large corporations. Cascadia also believes that companies like Eneroc, Ameresco, and Serious Energy, which have not traditionally been involved with the energy services category, will begin to move into the energy efficiency sector through acquisitions.
4. Despite speculation, solar continues to dominate the renewable energy mosaic
As the cost curve of panels decline, Cascadia predicts the growth of solar will continue to accelerate and reach price parity with traditional energy sources in certain geographic regions such as California and areas in the Southwestern United States. While many are weary of the solar market due to Solyndra’s failure, it’s important to keep in mind that the company did not fall victim to a weak solar market, but failed to prepare for a decline in panel pricing. While solar projects have bright futures, investors will still look for sound business models, technological innovation, and continued cost reduction. Policymakers must also provide the kind of regulatory stability that attracts investors and encourages these projects to develop. Cascadia believes the current situation is part of an industry maturation process, and that the category has significantly outperformed all expectations and will emerge stronger than ever.
“Renewable energy will come to the forefront of many political and economic discussions in 2012 due to the presidential election, environmental policy debates, and decreased investment by European banks,” said Michael Butler, CEO of Cascadia Capital. “Despite some uncertainty in the market, we believe renewable energy project financing will remain steady in 2012 due to investment from alternative sources. We expect this dynamic industry landscape to be highlighted by M&A in energy efficiency, and continued adoption of solar as the barriers to entry rapidly decline.”
The rate of policy adjustments, technological adaptation, and strategic transactions that impact the Sustainable Industries sector has been staggering over the past several years. Cascadia Capital assists their clients in navigating this dynamic market through constant dialogue and strong relationships with venture capital, growth equity, private equity, debt and corporate investors who operate in this market sector on a global level.
About Cascadia Capital, LLCCascadia Capital is a diversified, boutique investment bank serving both private and public growth companies around the globe. Cascadia’s business is diversified in terms of the industries the firm covers — Information Technology, Sustainable Industries and Middle Market — and in terms of the range of advisory services it provides — Mergers and Acquisitions, Corporate Financing and Strategic Advising. This diversification provides the firm with stability amidst market fluctuations. Cascadia is a pure advisory firm, and unlike other investment banks, is not conflicted by trading, lending, research or cross-selling business. For over a decade, the firm has delivered the best outcomes for clients based on its transaction experience, domain expertise and commitment to building long-term relationships. Cascadia always acts in the long-term interests of clients, and honors its position as a trusted advisor. For more information, visit http://www.cascadiacapital.com.
Sustainable Industries Predictions for 2012:
1. Renewable Project Financing Market in Turmoil as European Banks Pull Out
It’s no secret that banks across Europe have been experiencing the stress of the region’s ongoing economic crisis and fluctuating capital markets. To prepare for further market volatility, European banks are increasing their capital ratios and turning their focus back to their core business. As a result, many European banks are pulling out of the US project finance market for renewable energy products, which will likely result in an overall downturn in financial activity across the sector.
However, Cascadia expects that this void in European investments will be filled by US regional banks along with private placements / 144A financing throughout the next year. These investments will likely come from insurance companies such as John Hancock, Metlife, and Prudential. Union Bank, Wells Fargo, and Key Bank have also indicated that they will be expanding their project finance teams. Furthermore, tax-exempt bonds are now being used to fund qualifying projects. This was evidenced in 2011 when UTS Biogas issued a $24 million bond to finance its two California biogas projects.
Two recent biomass financings illustrate that private equity investors are also stepping up to provide debt. Starwood Energy joined Prudential in providing debt to its Berlin Station biomass plant, and Carlyle recently provided construction financing for the Plainfield Renewable Energy Project, developed by Enova, through the Carlyle Energy Mezzanine Opportunities Group. Cascadia expects this to continue throughout 2012.
2. Renewable Energy Climate Change Comes Back into Public Focus as XL Pipeline Protests Gain Attention
Cascadia predicts that the attention around the XL pipeline will draw interest to the controversy that surrounds broader natural gas and fracking related issues. In the last several months, conservationists and conservatives alike have come together to object the XL pipeline, framing it as an energy-intensive, pollution creating oil extraction process. In 2012, this debate will challenge the U.S.’s commitment to a clean energy economy as natural gas continues to make inroads in the mainstream energy matrix.
3. Renewable energy M&A accelerates, lead by energy efficiency
2011 saw a shift in transactions as money left capital-intensive sectors, such as biomaterials, biofuels and wind, and was invested in asset light sectors such as energy efficiency. As a result, Cascadia predicts managed services providers, like Honeywell, Siemens, and Johnson Controls, will look to acquire energy efficiency companies to meet growing customer demand for real-time energy solutions. Schneider Electric’s acquisition of Summit Energy Services is the strongest signal to date that the energy efficient sector is ready to go to market, and is putting pressure on other large corporations. Cascadia also believes that companies like Eneroc, Ameresco, and Serious Energy, which have not traditionally been involved with the energy services category, will begin to move into the energy efficiency sector through acquisitions.
4. Despite speculation, solar continues to dominate the renewable energy mosaic
As the cost curve of panels decline, Cascadia predicts the growth of solar will continue to accelerate and reach price parity with traditional energy sources in certain geographic regions such as California and areas in the Southwestern United States. While many are weary of the solar market due to Solyndra’s failure, it’s important to keep in mind that the company did not fall victim to a weak solar market, but failed to prepare for a decline in panel pricing. While solar projects have bright futures, investors will still look for sound business models, technological innovation, and continued cost reduction. Policymakers must also provide the kind of regulatory stability that attracts investors and encourages these projects to develop. Cascadia believes the current situation is part of an industry maturation process, and that the category has significantly outperformed all expectations and will emerge stronger than ever.
“Renewable energy will come to the forefront of many political and economic discussions in 2012 due to the presidential election, environmental policy debates, and decreased investment by European banks,” said Michael Butler, CEO of Cascadia Capital. “Despite some uncertainty in the market, we believe renewable energy project financing will remain steady in 2012 due to investment from alternative sources. We expect this dynamic industry landscape to be highlighted by M&A in energy efficiency, and continued adoption of solar as the barriers to entry rapidly decline.”
The rate of policy adjustments, technological adaptation, and strategic transactions that impact the Sustainable Industries sector has been staggering over the past several years. Cascadia Capital assists their clients in navigating this dynamic market through constant dialogue and strong relationships with venture capital, growth equity, private equity, debt and corporate investors who operate in this market sector on a global level.
About Cascadia Capital, LLCCascadia Capital is a diversified, boutique investment bank serving both private and public growth companies around the globe. Cascadia’s business is diversified in terms of the industries the firm covers — Information Technology, Sustainable Industries and Middle Market — and in terms of the range of advisory services it provides — Mergers and Acquisitions, Corporate Financing and Strategic Advising. This diversification provides the firm with stability amidst market fluctuations. Cascadia is a pure advisory firm, and unlike other investment banks, is not conflicted by trading, lending, research or cross-selling business. For over a decade, the firm has delivered the best outcomes for clients based on its transaction experience, domain expertise and commitment to building long-term relationships. Cascadia always acts in the long-term interests of clients, and honors its position as a trusted advisor. For more information, visit http://www.cascadiacapital.com.
2012年1月12日星期四
Bank profit reports could be lifted by business loans
(Reuters) – A recent rise in loans to businesses is spurring hope that U.S. bank earnings reports, which begin on Friday, will show the outlook for this economically critical industry is better than battered stock prices and weak investment banking volumes suggest.
Loans by large banks to commercial and industrial companies picked up sharply through the last week of the year, according to Federal Reserve data, and in recent days have started to catch the attention of investors.
“Loan growth will be one of the hottest topics throughout the earnings season,” said David Long, a bank stock analyst at Raymond James & Associates.
A lasting upturn in demand for loans to finance investment would be good for the economy and, in turn, rebuild profits from consumer lending, investment banking and asset management.
Promising signs in loan portfolios, though, are expected to be countered by another rough patch for capital markets businesses. Banks are also still trying to shake off mortgage-related losses tied to the housing bust and struggling to increase revenue in the face of new regulations that crimp the fees they can charge for debit card swipes.
JPMorgan Chase & Co, the biggest U.S. bank, is scheduled to report fourth-quarter and full-year results on Friday morning, kicking off the earnings season for financial companies. The report will break out results from JPMorgan’s large investment banking, business lending, and consumer franchises, which could foreshadow earnings reports in the next two weeks from companies concentrated in those segments.
Bank of America Corp, Citigroup Inc , Wells Fargo & Co , Goldman Sachs Group Inc and Morgan Stanley report the following week after the Martin Luther King holiday.
JPMorgan is expected to report earnings per share that are 18 percent lower than in the same period a year earlier, according to analysts surveyed by Thomson Reuters I/B/E/S. Estimates for Bank of America, on the other hand, call for the bank to rebound from a loss at the end of 2010 amid a raft of unusual charges for bad mortgages.
Quarterly earnings for the broader financial sector represented by about 80 large companies, including insurance companies and money management firms, are expected to be down about 1.6 percent from a year earlier, according to Thomson Reuters I/B/E/S.
Bank analysts and investors, though, will be looking beyond year-ago profit comparisons to what institutions reveal about current profit margins for lending, cost controls, regulatory burdens and any change in demand from borrowers for money.
Weak demand from consumers who borrowed too much during the housing bubble has combined with tougher requirements from governments for financial safety to push bank stocks down to record lows compared with the companies’ earnings and net worth, also known as book value.
That is why solid new business loan growth could alter the industry’s outlook. In fact, bank stocks are off to a strong start this year on hopes the worst is behind the industry. The KBW Bank Index is up 10 percent this year, while Bank of America shares, down nearly 60 percent in 2011, have surged 24 percent.
“If we do see some loan growth, that starts to reflect that the economy is starting to stabilize and we’re starting to see some growth,” said Marty Mosby, analyst with Guggenheim Partners. “As banks start to see some lending growth that turns into some job growth.”
Outstanding loans to commercial and industrial businesses by large banks grew 5.2 percent in the fourth quarter through December 28, according to Federal Reserve data. That is more than a 20 percent annualized rate and an acceleration from the 3.1 percent and 3.4 percent increases in the two previous quarters, said Long.
To be sure, much of the increase was likely not so much additional demand from companies as it was a shift in market share of existing borrowings, said Long. European banks lending to U.S. companies backed away to trim their balance sheets in the sovereign debt storm. And bond investors in the capital markets gave up some of the business when they were unwilling to refinance large loans as cheaply as large U.S. banks.
“It isn’t an indication of super-charged growth,” Mike Mayo, an analyst with CLSA and author of “Exile on Wall Street: One Analyst’s Fight to Save Big Banks from Themselves,” said in an interview.
CONTINUING CHALLENGES
More business loans are especially important because loans to consumers and loans for commercial and residential real estate have declined from their levels a year ago, according to Paul Miller, an analyst at FBR Capital Markets.
Miller cautions the earnings reports could include unpleasant surprises. For example, some banks may decide to take charges to clear their books of inflated values on assets before they start the new year. Charges like those will not be as easily offset as in recent quarters, when improving consumer creditworthiness allowed banks to reverse the large reserves they booked for bad loans.
“I don’t think we will get the improvements in credit like we’ve seen in the past,” said Miller.
Other challenges for banks in the fourth quarter, according to Miller, include reduced income from debit card swipe fees and tighter net interest margins – the spread between what banks make on loans versus what they pay on deposits.
To make up for lost revenue, banks are tightening their belts. Bank of America said it will eliminate 30,000 jobs in the consumer bank and staff functions over the next few years. It is also preparing for cutbacks in capital markets and wealth management operations, starting this spring. Wells Fargo is looking to reduce quarterly expenses by $1.5 billion by the fourth quarter of this year through a wide-ranging efficiency program, that also includes job cuts.
EUROPEAN UNCERTAINTY REMAINS
Analysts expect Goldman Sachs and Morgan Stanley to report the worst annual earnings since the financial crisis, due to tremendous market volatility stemming from the European sovereign debt crisis. Big swings in stock and bond prices led clients to pull back sharply on trading and deal-making.
Overall investment banking revenue declined 9 percent across Wall Street compared with the third quarter, which was already weak, according to a report by JPMorgan analyst Kian Abouhossein. He expects banks to report a quarterly decline of 17 percent in deal-making revenue, with a 3 percent drop in fixed income trading revenue and a 2 percent drop in equities trading revenue.
Investors remain concerned about Wall Street’s exposure to Europe, as well as whether big banks’ trading desks can earn more than their cost of capital, given market stress and new regulations that aim to cut back on risk-taking.
Goldman Sachs is expected to report fourth-quarter earnings of $1.50 per share, less than half of what it earned in the year-ago period, according to Thomson Reuters data. Morgan Stanley is expected to report a loss of 56 cents per share due to a special charge related to a settlement with MBIA Inc. It earned 41 cents a share in the year-earlier quarter.
Analysts do not see an end to the investment banking woes any time soon, which explains why both Goldman and Morgan Stanley have outlined plans to lay off staff and are expected to cut bonuses by billions of dollars to trim costs. Fourth-quarter reports will provide more insight on the compensation the firms have set aside for the year.
“Unfortunately, we do not anticipate a robust capital markets recovery in 2012,” Brad Hintz, an analyst at the brokerage Sanford Bernstein & Co and a former Morgan Stanley treasurer, said in a recent report.
(Reporting by David Henry in New York and Rick Rothacker in Charlotte, North Carolina. Additional reporting by Lauren Tara LaCapra in New York; editing by Andre Grenon)
http://tourism9.com/
Loans by large banks to commercial and industrial companies picked up sharply through the last week of the year, according to Federal Reserve data, and in recent days have started to catch the attention of investors.
“Loan growth will be one of the hottest topics throughout the earnings season,” said David Long, a bank stock analyst at Raymond James & Associates.
A lasting upturn in demand for loans to finance investment would be good for the economy and, in turn, rebuild profits from consumer lending, investment banking and asset management.
Promising signs in loan portfolios, though, are expected to be countered by another rough patch for capital markets businesses. Banks are also still trying to shake off mortgage-related losses tied to the housing bust and struggling to increase revenue in the face of new regulations that crimp the fees they can charge for debit card swipes.
JPMorgan Chase & Co
Bank of America Corp
JPMorgan is expected to report earnings per share that are 18 percent lower than in the same period a year earlier, according to analysts surveyed by Thomson Reuters I/B/E/S. Estimates for Bank of America, on the other hand, call for the bank to rebound from a loss at the end of 2010 amid a raft of unusual charges for bad mortgages.
Quarterly earnings for the broader financial sector represented by about 80 large companies, including insurance companies and money management firms, are expected to be down about 1.6 percent from a year earlier, according to Thomson Reuters I/B/E/S.
Bank analysts and investors, though, will be looking beyond year-ago profit comparisons to what institutions reveal about current profit margins for lending, cost controls, regulatory burdens and any change in demand from borrowers for money.
Weak demand from consumers who borrowed too much during the housing bubble has combined with tougher requirements from governments for financial safety to push bank stocks down to record lows compared with the companies’ earnings and net worth, also known as book value.
That is why solid new business loan growth could alter the industry’s outlook. In fact, bank stocks are off to a strong start this year on hopes the worst is behind the industry. The KBW Bank Index is up 10 percent this year, while Bank of America shares, down nearly 60 percent in 2011, have surged 24 percent.
“If we do see some loan growth, that starts to reflect that the economy is starting to stabilize and we’re starting to see some growth,” said Marty Mosby, analyst with Guggenheim Partners. “As banks start to see some lending growth that turns into some job growth.”
Outstanding loans to commercial and industrial businesses by large banks grew 5.2 percent in the fourth quarter through December 28, according to Federal Reserve data. That is more than a 20 percent annualized rate and an acceleration from the 3.1 percent and 3.4 percent increases in the two previous quarters, said Long.
To be sure, much of the increase was likely not so much additional demand from companies as it was a shift in market share of existing borrowings, said Long. European banks lending to U.S. companies backed away to trim their balance sheets in the sovereign debt storm. And bond investors in the capital markets gave up some of the business when they were unwilling to refinance large loans as cheaply as large U.S. banks.
“It isn’t an indication of super-charged growth,” Mike Mayo, an analyst with CLSA and author of “Exile on Wall Street: One Analyst’s Fight to Save Big Banks from Themselves,” said in an interview.
CONTINUING CHALLENGES
More business loans are especially important because loans to consumers and loans for commercial and residential real estate have declined from their levels a year ago, according to Paul Miller, an analyst at FBR Capital Markets.
Miller cautions the earnings reports could include unpleasant surprises. For example, some banks may decide to take charges to clear their books of inflated values on assets before they start the new year. Charges like those will not be as easily offset as in recent quarters, when improving consumer creditworthiness allowed banks to reverse the large reserves they booked for bad loans.
“I don’t think we will get the improvements in credit like we’ve seen in the past,” said Miller.
Other challenges for banks in the fourth quarter, according to Miller, include reduced income from debit card swipe fees and tighter net interest margins – the spread between what banks make on loans versus what they pay on deposits.
To make up for lost revenue, banks are tightening their belts. Bank of America said it will eliminate 30,000 jobs in the consumer bank and staff functions over the next few years. It is also preparing for cutbacks in capital markets and wealth management operations, starting this spring. Wells Fargo is looking to reduce quarterly expenses by $1.5 billion by the fourth quarter of this year through a wide-ranging efficiency program, that also includes job cuts.
EUROPEAN UNCERTAINTY REMAINS
Analysts expect Goldman Sachs and Morgan Stanley to report the worst annual earnings since the financial crisis, due to tremendous market volatility stemming from the European sovereign debt crisis. Big swings in stock and bond prices led clients to pull back sharply on trading and deal-making.
Overall investment banking revenue declined 9 percent across Wall Street compared with the third quarter, which was already weak, according to a report by JPMorgan analyst Kian Abouhossein. He expects banks to report a quarterly decline of 17 percent in deal-making revenue, with a 3 percent drop in fixed income trading revenue and a 2 percent drop in equities trading revenue.
Investors remain concerned about Wall Street’s exposure to Europe, as well as whether big banks’ trading desks can earn more than their cost of capital, given market stress and new regulations that aim to cut back on risk-taking.
Goldman Sachs is expected to report fourth-quarter earnings of $1.50 per share, less than half of what it earned in the year-ago period, according to Thomson Reuters data. Morgan Stanley is expected to report a loss of 56 cents per share due to a special charge related to a settlement with MBIA Inc
Analysts do not see an end to the investment banking woes any time soon, which explains why both Goldman and Morgan Stanley have outlined plans to lay off staff and are expected to cut bonuses by billions of dollars to trim costs. Fourth-quarter reports will provide more insight on the compensation the firms have set aside for the year.
“Unfortunately, we do not anticipate a robust capital markets recovery in 2012,” Brad Hintz, an analyst at the brokerage Sanford Bernstein & Co and a former Morgan Stanley treasurer, said in a recent report.
(Reporting by David Henry in New York and Rick Rothacker in Charlotte, North Carolina. Additional reporting by Lauren Tara LaCapra in New York; editing by Andre Grenon)
http://tourism9.com/
Canadian Financing Bulletin (CFB) Reports CDN Financings for the Week of January 03-06 and Announces the Upcoming …
VANCOUVER, BRITISH COLUMBIA–(Marketwire -01/11/12)- 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 seven 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.
Vancouver Resource Investment Conference at the Vancouver Convention Centre is Cambridge House’s largest annual conference. This year’s conference will surpass previous years’ numbers with approximately 500 booths on the tradeshow floor representing more than 600 junior resource mining companies. Two speaking halls along with six workshops will run concurrently over the two-day conference providing investors with up to date information from industry experts. New this year, will be the launch of Cambridge House’s Investor College. The purpose of the college will be to deliver educational information to the junior or senior investor. A broadcast centre will also be located at the middle of the trade show floor where live onstage media will record and broadcast at various locations around the conference.
Also new this year; there will be a debate between Frank Holmes and Gordon Chang:
DEBATE: This January we have confirmed internationally acclaimed bestselling author, Gordon Chang and award winning philanthropist and global leader in fund managing, Frank E. Holmes. Frank Holmes is the Chief Executive and Chief Investment Officer at US Global Investors. He is also the recipient of both Mining Fund Manager of the Year Award from The Mining Journal and International Citizen of the Year Award from the World Affairs Council of America. Gordon Chang literally wrote the book on why one should be wary of China’s growth. Published in 2006, The Coming Collapse of China is a piece that is still gaining momentum and has attracted the attention from the likes of the LA Times to Asia Times and all in between. One might be familiar with Chang from appearances on Fox News or his regular contributions to Business Insider. On January 23, these two intellectual behemoths will take off the gloves and debate whether China is on a course to Grow, Slow or Blow. Don’t miss this and many more exciting features that will be on display at the 2012 Vancouver Resource Investment Conference.
In this week’s report, the CFB published term sheets for 10 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, nine were for mining stocks and one for technology stocks, with the total value of new proposals reaching almost $7m. None of these placements were designated a ‘flow through’ issuance and there were no new debenture offering. The largest new public proposal was by Bannerman Resources Ltd (BAN.V), which launched a share offering consisting of 17.78m shares at a price of $0.225 for gross proceeds of $4.182m in a non-brokered placement.
The CFB published term sheets for 39 placements that were closed during the week. Of these, 27 were for mining stocks, four for oil/gas, and eight for technology stocks, with the total value of these closings being almost $248m. Eight of these placements were designated ‘flow through’ issuances and one debenture placement closed. The largest public closing was by Yoho Resources Inc. (YO.TO) which issued 4.55m shares at a price of $3.30 for gross proceeds of $15m in an offering led by FirstEnergy Capital.
The CFB also tracked three amendments to placements published at the end of the weekly report. To date, there have been 380 weekly reports created by CFB; backdated reports can be obtained by subscribers.
Click HERE to download the summary.
About the CFB and Blender Media:
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.
Blender Media has the support of over 450 satisfied clients and utilizes investor focused online exposure solutions that help clients stay in touch with their shareholders, including the CFB.
Since CFB began offering its weekly report over seven 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 169 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:
http://tourism9.com/
Vancouver Resource Investment Conference at the Vancouver Convention Centre is Cambridge House’s largest annual conference. This year’s conference will surpass previous years’ numbers with approximately 500 booths on the tradeshow floor representing more than 600 junior resource mining companies. Two speaking halls along with six workshops will run concurrently over the two-day conference providing investors with up to date information from industry experts. New this year, will be the launch of Cambridge House’s Investor College. The purpose of the college will be to deliver educational information to the junior or senior investor. A broadcast centre will also be located at the middle of the trade show floor where live onstage media will record and broadcast at various locations around the conference.
Also new this year; there will be a debate between Frank Holmes and Gordon Chang:
DEBATE: This January we have confirmed internationally acclaimed bestselling author, Gordon Chang and award winning philanthropist and global leader in fund managing, Frank E. Holmes. Frank Holmes is the Chief Executive and Chief Investment Officer at US Global Investors. He is also the recipient of both Mining Fund Manager of the Year Award from The Mining Journal and International Citizen of the Year Award from the World Affairs Council of America. Gordon Chang literally wrote the book on why one should be wary of China’s growth. Published in 2006, The Coming Collapse of China is a piece that is still gaining momentum and has attracted the attention from the likes of the LA Times to Asia Times and all in between. One might be familiar with Chang from appearances on Fox News or his regular contributions to Business Insider. On January 23, these two intellectual behemoths will take off the gloves and debate whether China is on a course to Grow, Slow or Blow. Don’t miss this and many more exciting features that will be on display at the 2012 Vancouver Resource Investment Conference.
In this week’s report, the CFB published term sheets for 10 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, nine were for mining stocks and one for technology stocks, with the total value of new proposals reaching almost $7m. None of these placements were designated a ‘flow through’ issuance and there were no new debenture offering. The largest new public proposal was by Bannerman Resources Ltd (BAN.V), which launched a share offering consisting of 17.78m shares at a price of $0.225 for gross proceeds of $4.182m in a non-brokered placement.
The CFB published term sheets for 39 placements that were closed during the week. Of these, 27 were for mining stocks, four for oil/gas, and eight for technology stocks, with the total value of these closings being almost $248m. Eight of these placements were designated ‘flow through’ issuances and one debenture placement closed. The largest public closing was by Yoho Resources Inc. (YO.TO) which issued 4.55m shares at a price of $3.30 for gross proceeds of $15m in an offering led by FirstEnergy Capital.
The CFB also tracked three amendments to placements published at the end of the weekly report. To date, there have been 380 weekly reports created by CFB; backdated reports can be obtained by subscribers.
Click HERE to download the summary.
About the CFB and Blender Media:
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.
Blender Media has the support of over 450 satisfied clients and utilizes investor focused online exposure solutions that help clients stay in touch with their shareholders, including the CFB.
Since CFB began offering its weekly report over seven 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 169 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.Follow us on twitter.
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