CanadianCapital

Canadian banks and brokers earned $141 million in fees for total allocations of $24.26 billion in connection with equity and debt offerings, credit facilities and loans for the oil and gas industry during the first half of 2018, according to data compiled by PLS’ Capitalize platform, and two banks—RBC Capital Markets and Scotiabank—were among the Top 10 of all 171 underwriters. While a small portion of the underwriting took place for Canadian companies, all companies tracked by...

Advantagewon Oil Corp. announced plans to place 20 million common units for $0.05 each to raise $1.0 million. Each unit consists of one common share and one warrant that entitles the holder to buy a common share at a strike price of $0.10 for up to two years after closing. The company will use proceeds to fund its drilling program and general working...

A gradual rebound in world oil prices over the last few months has led to a small resurgence in interest from international oil and gas companies, who have started to invest again in Canada. ConocoPhillips and Petronas, both of which sold assets within the last two years, have reinvested in the region as prices have rebounded. The international exodus started in October 2016 after the decline in world oil and gas prices made international oil companies skeptical of the high costs of...

Newton Energy Corp. will place 3.3 million common shares for $0.15 each to raise $500,000. The new shares are subject to a four-month hold...

A final investment decision for the fate of the Kitimat, B.C.-based LNG Canada project is looking better than it has been in a long time, judging by activity in the area, the re-entrance of Petronas to the Canadian LNG market and new contracts. The $40 billion FID is the decision of project lead Royal Dutch Shell and partners PetroChina, Mitsubishi and Korea Gas Corp., as well as Malaysian NOC Petronas, which took a 25% stake in May after dropping its own Pacific NorthWest LNG project last...

Point Loma Resources issued 5.19 million new shares at a deemed price of $0.30 each to raise $1.6 million, capital it used to fund an acquisition. Point Loma bought a private oil and gas company with assets in East Central Alberta. The new shares boost the company’s outstanding shares 8.6% to 60.3 million...

Canada’s net exports of natural gas reached 5.8 Bcf/d in 2017, down 3.3% from the previous year, according to recent statistics from the National Energy Board. The net exports slipped as total imports for the year rose faster than total exports. Canada’s pipeline exports of natural gas rose 1.2% to 8.2 Bcf/d, while imports rose 14% to 2.4 Bcf/d. Although the volume of net exports fell, the value of its net exports rose moderately as the country exports more natural gas than it imports...

Calgary-based TransGlobe Energy Corp’s common shares are now listed on three exchanges after the London Stock Exchange allowed its shares to trade on the AIM market under the symbol “TGL.” The company has 72.2 million common shares, which are also traded on the Toronto Stock Exchange under the symbol “TGL” and Nasdaq exchange under the symbol...

Ikkuma Resources sold midstream assets in the Alberta foothills for $30 million, including 23 million in readily available cash. The company plans to use proceeds from the asset sale to pay down debt and to finance capital expenditures required through the issue of its CEE flow-through shares. In September, Ikkuma issued 15.1 million CEE flow-through shares for $0.82 each, generating proceeds of $12.4 million. Under provisions of the Income Tax Act, Ikkuma is obligated to spend $12.1...

Sunshine Oilsands issued convertible bonds to raise HKR$11 million ($1.8 million) to a minimum of six investors. The bonds have an interest rate of 5.0% p.a. and will be convertible to a maximum of 53.1 million new shares at a conversion price of $0.03509 per share. The company will use proceeds to boost its working capital and broaden its shareholder...