Wednesday, March 9, 2011

Year of tourism declaration

Calderón unveils national agreement on Tourism, aims to place Mexico in Top 5 Destinations by 2018.In late-January, President Felipe Calderón declared that 2011 would be the country’s “year of tourism”. Today, he signed the National Agreement on Tourism, a 100-point plan that will require action in 10 key areas to place Mexico in the top 5 tourist destinations in the world.

Calderón’s “year of tourism” declaration was made amid a cluster of mostly-negative travel reports suggesting that the legacy of drug violence would result in a sharp decline in “springbreakers”. Nonetheless, he took an optimistic position while acknowledging the centrality of tourism to Mexico’s economy, and suggested that in addition to boosting tourism, effort would be made to enhance the attractiveness of Mexican properties to foreign investors including international hotel chains and shops.

Tuesday, November 23, 2010

Investement in Baja

In this week's report, the CFB published term sheets for 55 new proposed placements from the mining, oil/gas (termed metals and energy in the report) and technology sectors. Of those, 44 were for mining stocks seven for oil/gas stocks, and four for technology stocks with the total value of new proposals reaching almost $453m. 11 of these placements were designated 'flow through' issuances and there were no new debenture offerings. The largest new public proposal was Baja Mining Corp. (BAJ.TO)(the Toronto exchange ticker!), which launched an offering consisting of 145.5m common shares priced at $1.10 in a placement led by Raymond James.
(so this might be a good deal with Natural Resources being where we need to invest!) and this:

Baja Mining Announces C$160 Million Cross-Border Bought Deal Financing

Baja Mining Corp. ("Baja" or the "Company") (CA:BAJ) (otcqx:BAJFF) today entered into an agreement with a syndicate of underwriters co-led by Raymond James Ltd. and Canaccord Genuity Corp. (collectively, the "Underwriters") under which the Underwriters have agreed to purchase 145,500,000 common shares (the "Common Shares") from the Company on a bought deal basis at a price of C$1.10 per Common Share for aggregate gross proceeds of approximately C$160,050,000