Latest news with #BMONesbittBurns
Yahoo
30-07-2025
- Business
- Yahoo
Faraday Copper raises $35m in financing round for Copper Creek Project in Arizona
Faraday Copper has finalised its previously announced bought deal financing, raising C$48.77m ($35.5m). The company executed a brokered bought deal and a non-brokered private placement, selling a combined 44.3 million common shares at C$1.10 each. The brokered offering, led by Ventum Financial, and supported by a consortium of underwriters, resulted in the sale of 26.1 million common shares, generating gross proceeds of C$28.75m. The underwriters, including BMO Nesbitt Burns, Canaccord Genuity, Haywood Securities and TD Securities, fully exercised their over-allotment option in the process. Concurrently, Faraday Copper engaged in a non-brokered private placement of 18.2 million common shares, which raised an additional C$20.02m. The net proceeds from these offerings are earmarked for the advancement of the Copper Creek Project in Arizona, US. The funds will also support working capital needs and general corporate requirements. The Copper Creek Project, situated in Pinal County, Arizona, encompasses a 3km-long porphyry copper deposit. Located less than two hours north-east of Tucson, the project benefits from its position within a well-established mining district known for its abundant resources and existing infrastructure, stated the company. This site is at the nexus of two major copper belts in the south-west of North America. It neighbours the Miami-Globe and Ray mining districts and is aligned with the copper-rich area signified by the former BHP Kalamazoo Mine in San Manuel, Arizona. In a related party disclosure, it was revealed that the Lundin Family Trusts, associated with the late Adolf H. Lundin, acquired 9.4 million common shares during the offering. As the largest shareholder of Faraday Copper, the trusts' participation is considered a related party transaction under Multilateral Instrument 61-101. However, several exemptions have been applied, waiving the need for formal valuation and minority shareholder approval. "Faraday Copper raises $35m in financing round for Copper Creek Project in Arizona" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Business
- Yahoo
Canadian Pacific Railway (CP) Discloses C$1.4 Billion Debt Offering
Canadian Pacific Kansas City Limited (NYSE:CP) is one of the best high growth stocks. On June 11, Canadian Pacific announced a debt offering through its subsidiary, Canadian Pacific Railway Company, involving the issuance of C$1.4 billion in senior notes. The offering comprises C$500 million in 4.00% notes due 2032, C$600 million in 4.40% notes due 2036, and C$300 million in 4.80% notes due 2055, all of which will be fully guaranteed by CP. The transaction was set to close on June 13, 2025, given that the customary closing conditions were met. Net proceeds from the offering will go toward the refinancing of Canadian Pacific Railway Company's existing debt obligations and utilized for general corporate purposes. ankush-minda-7KKQG0eB_TI-unsplash Scotia Capital, BMO Nesbitt Burns, CIBC World Markets, and RBC Capital Markets were leading the offering as joint bookrunners and agents. It is important to note that since the securities are not registered under US federal securities laws, their sale or distribution within the US is restricted unless an exemption is eligible or formal registration is completed. Canadian Pacific Kansas City Limited (NYSE:CP) operates a transcontinental freight railway across Canada, the United States, and Mexico. The company provides rail and intermodal transportation services to move bulk commodities, industrial products, and consumer merchandise. While we acknowledge the potential of CP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
Yahoo
24-06-2025
- Business
- Yahoo
Backstageplay Announces Closing of First Tranche of Non-Brokered Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Backstageplay Inc. (TSXV: BP.H) (the "Company") announced that following receipt of TSXV's conditional approval for the non-brokered unit private placement announced on May 30, 2025 (the "Offering") it has completed the first tranche of the Offering and issued an aggregate of 1,250,000 common shares at a price of $0.08 per share, for gross aggregate proceeds of $100,000. Each Unit consists of one common share of the Company and one warrant. Each whole warrant entitles the holder to purchase one share at a price of $0.50 per warrant share for a 12 month period from the closing of the Offering. All securities sold in the Offering will be subject to a statutory hold period of four months and a day from the date of issuance. The Company has paid finder's fees on the Offering in the amount of $6,000 to BMO Nesbitt Burns Inc. The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. The total net proceeds from the Offering will be used for the development of a new social gaming platform and content, integration of third-party solutions as well as general corporate working capital. There is no material fact or material change related to the Company that has not been generally disclosed. The Offering remains subject to Exchange approval. For further information please contact: Sean Hodgins, CFO (778) 318-1514 Scott White, CEO (416) 704-6611 Neither the TSX Venture Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, including statements regarding the closing of the non-brokered financing, the proposed use of funds, and expectation of multiple closings of the private placement, are "forward-looking statements". Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Factors that may cause actual results to vary from those made in the forward looking statements described in this document include: timing of completion of financing; changes in general economic conditions and conditions in the financial markets; delays in obtaining approvals; and, litigation, legislative, environmental, and other judicial, regulatory, political, and competitive developments;. This list is not exhaustive of the factors that may affect the forward looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events, or otherwise, except in accordance with applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in the United States or any other jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available. /Not for distribution to U.S. news wire services or dissemination in the United States/ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Urban Infrastructure Group Adds Capital Markets Depth as Steve Kaszas Joins as Board Director
Brampton, Ontario--(Newsfile Corp. - May 27, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) (the "Company") is thrilled to announce the addition of Steve Kaszas to its board of directors. Steve brings over four decades of experience in the financial services industry and has built a distinguished career characterized by strategic leadership, client-focused investment management, and a deep commitment to community began his career at Burns Fry in 1983 and quickly rose to become a shareholder in 1984. As a senior leader with The Altberg Kaszas Group at BMO Nesbitt Burns, Steve leveraged his expertise and global network to deliver investment strategies and superior client service while leveraging his insights from a broad spectrum of international financial his professional accomplishments, Steve is a dedicated community advocate and a recipient of the Queen Elizabeth II Golden Jubilee Medal (2003) in recognition of his significant contributions to Canada and the broader community. The Board firmly believes Steve will be a valuable addition to the Company. "We, at Urban, are fortunate to be able to add a director of Steve's calibre to our board. Steve's impeccable track record at BMO Nesbitt Burns as well as his vast network deliver an advantage that we will leverage on behalf of the Company and its shareholders," said Gary Alves, President and C.O.O. "I am excited to join the ranks of this hard-working team and assist in their goal of creating homes for all Canadians," said Steve Kaszas. About Urban Infrastructure Group Inc. Urban Infrastructure Group stands as a premier provider of concrete and drainage infrastructure construction services, specializing in Stage 1 development-—the critical foundation phase of the construction process. As industry leaders in early-stage infrastructure development, the Company delivers essential groundwork for large-scale, master-planned residential communities throughout Ontario. With a distinguished portfolio of partnerships, Urban Infrastructure Group collaborates with prominent developers and stakeholders behind Ontario's most ambitious and transformative residential development projects. The Company's expertise in foundational infrastructure enables the successful realization of complex, community-shaping initiatives that form the backbone of the region's expanding residential landscape. Connect with UIG: Contact: Bill MitoulasInvestor RelationsT: 416.479.9547E: bill@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of UIG, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Some of these risks are described under the "Caution on Forward-Looking Information" section and "Risk Factors" section of the MD&A. Although UIG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. UIG does not undertake to update any forward-looking information, except in accordance with applicable securities laws. To view the source version of this press release, please visit
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Why Canadian energy is a secret bargain, spurring a hostile takeover bid in the oil sands
Panic over U.S. President Donald Trump's global trade war and unexpected production bumps from countries outside North America have sent oil prices plummeting, making investors fear a 2014-style crash all over again. Adjusting for inflation, the current price of West Texas Intermediate crude, the North American benchmark, is hovering around US$45. The last time it fell to this level, a decade ago, it spelled disaster for Canadian producers – and for the Canadian economy. But this is not 2014. After years of painful restructuring, the Canadian oil industry is much stronger today, and some producers are now so resilient that they've earned the right to brag. 'The discipline today is night-and-day different,' Jeremy McCrea, an energy analyst at BMO Nesbitt Burns, said in an interview. The new era is defined by cost constraint, an aversion to debt and a promise to return excess cash to shareholders instead of spending it on endless expansion. There is also a growing global appetite for natural gas, which is seen as a logical fuel source for AI data centres, and an increasing likelihood that Canada will build more export plants sourced by low-cost gas from the Montney formation in northeast British Columbia. In short, Canada's energy sector is sitting pretty. Yet with more than half of the S&P/TSX Capped Energy subindex trading below their September, 2014, prices, investors aren't ready to admit it yet. Producers, however, see opportunity, which explains why Strathcona Resources Ltd. SCR-T launched a hostile takeover bid for MEG Energy Corp. MEG-T, one of the few pure-play companies focused on the Canadian oil sands. MEG runs a low-cost oil sands operation at Christina Lake, earned $507-million in profit last year and recently paid down a good chunk of its debt early, yet its shares have been trading roughly 45 per cent below their September, 2014, level. It's an odd scenario because the industry looked quite different before the 2014 crash. Costs were bloated, everyone was taking on debt to expand and oil and gas companies were treated as growth stocks. Then Saudi Arabia shocked the market with plans to boost production and the growth bubble burst. 'No one wants to go back to that ever again,' said Mr. McCrea, the BMO analyst. It wasn't just negligence from the producers. As investment in the oil sands exploded, the U.S. energy industry went through a revolution and new technology – fracking – unlocked oil and gas reserves that previously weren't accessible. The U.S. quickly went from being Canada's largest export market to its top competitor. Around the same time, the ESG era that promoted environmental, societal and governance concerns took hold, putting a spotlight on oil sands emissions. Canada also struggled to get a pipeline or LNG plant built to export its energy beyond the U.S. What snapped Canadian energy out of its seven-year rut was Russia's attack on Ukraine in February, 2022, which put an international focus on energy security. For the next few years, Canadian producers were akin to malfunctioning ATMs, spitting out cash as oil and gas prices soared. Things have since settled down, but many companies are still quite profitable even as oil prices fall. Suncor SU-T, for instance, has pledged to cut production costs and in 2024 the company beat its US$4 target per barrel, lowering expenses by US$7 per barrel. The sector's debt load also continues to improve. Cenovus Energy Inc. CVE-T has been hampered by leverage concerns for years, but in March Moody's Investors Service upgraded its debt rating to 'Baa1′ – the same level as industry darling Canadian Natural Resources Ltd. CNQ-T – citing the company's 'commitment to a conservative financial policy,' among other things. Summarizing this new-look Canadian industry, Mark Oberstoetter, head of research for upstream companies at energy consultancy Wood Mackenzie, offered this comparison: Since 2014, 'everyone's been working out, but Canada has been training with a weighted vest.' Adding to the bull case: Canada has long-life oil reserves, meanwhile U.S. shale oil wells are starting to run dry, and the Trans Mountain pipeline expansion is now up and running. Because more oil can be moved to the West Coast for export, the price differential between Canadian heavy crude, known as Western Canadian Select and West Texas Intermediate oil, is now around only US$12, because more Canadian oil can be exported abroad from the West Coast. Previously, it would get trapped in Canada and the supply glut would hurt domestic prices. WTI oil could drop US$20 per barrel, and the Canadian differential could drop another US$20. Despite all that, investors aren't convinced. Cenovus got a debt rating upgrade, and its shares are down 31.7 per cent over the past year. Part of what's still missing, explained Benoit Gervais, head of the resource team at Mackenzie Investments, is policy certainty. Investors can't get too excited about Canadian energy if new export projects never get built. 'Mark Carney really needs to be careful with his first move,' he said. If the new Prime Minister isn't clear about his energy agenda, and the permanency of it, 'we won't attract a meaningful amount of capital. It's pretty simple.' To that end, the new federal Minister of Energy and Natural Resources, Tim Hodgson, who used to sit on MEG's board of directors, delivered a speech in Calgary on Friday and had a clear message: Canada will remain a reliable global supplier of oil and gas for decades to come. 'No more asking, 'Why build?'' he said. 'The real question is, 'How do we get it done?''
