Stellar Biotechnologies Inc., which produces a drug ingredient derived from limpets, is raising $12 million from a private placement of common stock and warrants to fund product research, aquaculture and other production development.
Donner Metals Ltd.'s failure to make a more than $4 million cash call payment under a development agreement with Glencore Xstrata plc has raised the specter of a default that could cause the Canadian mining company to lose its main asset, a joint venture stake valued at $49 million.
Teck Resources Ltd., a diversified resource company that owns interests in 13 mines in Canada, the U.S., Chile and Peru, is investing $9.33 million in a non-brokered private placement of common stock by Midas Gold Corp. to fund the evaluation of the Canadian gold explorer's Golden Meadows Gold Project in Idaho.
Cormark Securities Inc. and BMO Financial Group are arranging $14.9 million in a bought-deal private placement of flow-through common shares and purchase warrants of Probe Mines Ltd., a Canadian metals exploration company.
Six fully marketed U.S. follow-on offerings priced last week, with volume totaling $1.2 billion, the largest number of follow-ons in a single week so far this year, according to data from Dealogic.
U.S. and Canadian market regulators' recent moves to halt trading in the shares of Liberty Silver (LBSV) have cast a spotlight on the company's relationship with penny stock investor and promoter Bobby Genovese.
The Ontario Securities Commission has joined the Securities and Exchange Commission in halting trading in Liberty Silver (LBSV).
Alternative asset manager Pinnacle Investment Group increased its stake in the shell company DE Acquisition 2.
Canadian gold explorer Amarc Resources (AXREF) is raising $10 million in a non-brokered private placement of flow-through common shares and regular common shares to fund the continuing exploration of its properties in south-central British Columbia.
Liberty Metals & Mining Holdings, an investment fund managed by insurance giant Liberty Mutual Group, agreed to invest $39.4 million in a private placement of common stock of Alderon Iron Ore Corp. (ALDFF) to fund the metal producer's drilling program and feasibility study of an iron ore project in eastern Canada.
The Israeli company that invented the voice-over-Internet-protocol (VoIP) telecommunication technology is hoping to raise $26.3 million in a stock sale to fund the company's growth.
National Bank Financial is arranging a $9.81 million private placement for Detour Gold, on a best efforts basis, to satisfy an appetite for its flow-through common shares and to fund the gold producer's exploration expenses at its Detour Lake gold project in northeastern Ontario.
Nutritional Concepts Corp., a St. George, Utah-based company that markets and distributes vitamins and nutritional supplements, completed a reverse merger with Form 10 shell company Strike Axe.
In order to spur a debt conversion, cell phone software company Vringo Inc. (VRNG) raised $850,000 at $1.04 per share, a year and a half after going public at $4.60 per unit.
Coeur d'Alene Mines invested $5 million in Silver Bull Resources as part of a larger than expected $10.5 million registered direct offering of common stock to fund the silver exploration company's exploration budget in 2012.
DiMi Telematics, which makes communication platforms to remotely manage fleets, security systems and sensors, combined with the Form 10 shell company First Quantum Ventures.
D&D Securities and M Partners are arranging a $19.1 million private placement of common stock and warrants of Barkerville Gold Mines to fund the Canadian company's exploration budget for 2012 and help it repay debt.
Cormark Securities is leading a syndicate of underwriters in arranging a larger than expected $57.2 million private placement of subscription rights of Atacama Minerals to fund the iodine producer's foray into the gold business with its acquisition of Sirocco Gold.
Forbes & Manhattan, a Canadian merchant bank with a focus on the resource sector, is investing $8.105 million in a private placement of common stock and warrants of Cap-Ex Ventures to fund expenses related the mining company's iron-ore properties in Labrador, Quebec.
Gastrointestinal drug maker Synergy Pharmaceuticals (SGYP) priced a $15 million follow-on sale of units and moved its securities onto the Nasdaq.
Swiss commodities marketer and producer Glencore AG agreed to invest another $20 million in a private placement of common stock and warrants of PolyMet Mining to fund costs related to the company's NorthMet copper-nickel precious metals project and to repay $7 million in outstanding notes.
Industrial Alliance Securities and National Bank Financial are arranging at least the 13th PIPE financing for Metanor Resources to fund the Canadian gold producer's exploration budget in 2012.
Global Recycling Technologies, which is developing technologies to recycle glycol for use in antifreeze, went public in a reverse merger with the Form 10 shell company GlyEco Inc.
John Lorenz, chief executive of the merged company, formerly headed up Environmental Waste of America, a company that merged with Envirofil Inc. to later become one of the best-known reverse merged companies, Waste Management Inc.
Tethys Petroleum, an oil and gas producer with assets in Central Asia, is raising $13.1 million from a private placement of ordinary shares to investors including corporate insiders and affiliates and existing shareholders to fund its purchase of a 34% stake in Seven Stars Energy, a joint venture in Tajikistan.
GMP Securities is leading a syndicate of underwriters in arranging a $19.1 million bought deal private placement of common shares of Corsa Coal to fund the Canadian company's exploration and development of metallurgical coal operations in Pennsylvania and Maryland.