Showing posts with label mining. Show all posts
Showing posts with label mining. Show all posts

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