Pav's Feed
Apr 4, 2011

New Gold steps up growth push with Richfield

TORONTO, April 4 (Reuters) – New Gold Inc (NGD.TO: Quote, Profile, Research, Stock Buzz) said on
Monday it struck a deal to acquire gold exploration company
Richfield Ventures (RVC.V: Quote, Profile, Research, Stock Buzz) in a C$550 million ($567 million)
all-stock deal that lets it expand its asset base in Canada.

The deal gives New Gold, a mid-sized gold miner, control of
Richfield’s flagship Blackwater project in British Columbia –
the acquisition will add about 3.8 million ounces of gold
resources to New Gold’s portfolio.

Mar 30, 2011

Lundin and Inmet terminate deal

TORONTO, March 29 (Reuters) – Lundin Mining Corp (LUN.TO: Quote, Profile, Research, Stock Buzz)
and Inmet Mining (IMN.TO: Quote, Profile, Research, Stock Buzz) said on Tuesday they had agreed to
walk away from a deal that would have created a C$9 billion
copper producer, and Lundin said it was exploring other
options.

The tie-up would have created a Canadian copper miner
called Symterra with annual copper production of some 500,000
tonnes of copper per year by 2017.

Mar 29, 2011

Private equity hunts for the next Lululemon

TORONTO (Reuters) – Can Canada produce another retail sensation like Lululemon Athletica Inc (LLL.TO: Quote, Profile, Research, Stock Buzz), the yoga and sportswear maker that has grown nearly three-fold in as many years?

U.S. private equity firms flush with deployable cash are scouring Canada’s retail landscape to find out, said Ken Tuchman, vice-chairman of investment and corporate banking at BMO Capital Markets.

Mar 29, 2011

Lundin seen walking away from tie-up with Inmet

TORONTO, March 29 (Reuters) – Lundin Mining Corp (LUN.TO: Quote, Profile, Research, Stock Buzz),
part-owner of the massive Tenke-Fungurume copper-cobalt mine in
the Democratic Republic of Congo, may walk away from a bid from
by Inmet Mining (IMN.TO: Quote, Profile, Research, Stock Buzz), and could seek another buyer.

The proposal, dating from January, would create a C$9
billion Canadian copper miner called Symterra, a company that
could produce some 500,000 tonnes of copper per year by 2017.

Mar 27, 2011

Canadian retailers seen as prime takeover targets

TORONTO, March 27 (Reuters) – Well-known Canadian clothiers
Le Chateau (CTUa.TO: Quote, Profile, Research, Stock Buzz), Jacob and Reitmans (RET.TO: Quote, Profile, Research, Stock Buzz) could become
takeover targets as a wave of U.S. retailers follows Target
Corp’s (TGT.N: Quote, Profile, Research, Stock Buzz) lead and seeks opportunities north of the
border.

There are plenty of reasons why Canadian retailers have
become so appealing: the country’s robust retail market, a
healthy economy, proximity to the huge U.S. market, a common
language and lower valuations of Canadian companies.

Mar 23, 2011

Sprott bets on further global uncertainty

TORONTO (Reuters) – Canadian asset manager Sprott Inc (SII.TO: Quote, Profile, Research, Stock Buzz) is positioning itself for prolonged global economic uncertainty and the possibility of a double-dip recession, believing precious metals will benefit the most.

“We are still positioning our clients and our firm in general for a very uncertain environment and we still believe that precious metals are the primary beneficiary of the safeguard of value in uncertain times,” Sprott Chief Executive Peter Grosskopf said on Wednesday.

Mar 22, 2011

Gammon holds edge in Capital Gold takeover battle

TORONTO, March 21 (Reuters) – Gammon Gold (GAM.TO: Quote, Profile, Research, Stock Buzz) is
poised to win a drawn-out battle for New York-based Capital
Gold (CGC.A: Quote, Profile, Research, Stock Buzz), even though some of its largest stakeholders
prefer a rival bid.

The two companies are after Capital Gold’s El Chanate mine
in northern Mexico, a region where both Gammon and competitor
Timmins Gold (TMM.V: Quote, Profile, Research, Stock Buzz) own operating gold mines.

Mar 15, 2011

Fight for Capital Gold’s El Chanate mine heats up

TORONTO, March 15 (Reuters) – Rival suitors for New
York-based miner Capital Gold raised their takeover bids on
Tuesday, opening another chapter in a fight, spurred by soaring
gold prices, for the El Chanate mine in Mexico.

Vancouver-based Timmins Gold (TMM.V: Quote, Profile, Research, Stock Buzz), armed with the
backing of one of Canada’s top resource investors, raised its
offer for the company to the equivalent of $5.89 per Capital
Gold (CGC.A: Quote, Profile, Research, Stock Buzz) share. The offer comprises 2.27 Timmins common
shares plus $0.25 in cash.

Mar 11, 2011

Newly public Bauer eyes markets beyond ice hockey

TORONTO (Reuters) – Bauer Performance Sports Ltd (BAU.TO: Quote, Profile, Research, Stock Buzz), creator of the modern ice hockey skate, says it expects its initial public offering this week to herald growth in existing markets and expansion into new ones through acquisitions.

The 84-year-old Canadian company, now the world’s biggest maker of ice hockey gear, launched a C$75 million ($77 million) IPO on Thursday, floating a 30 percent stake.

Mar 10, 2011

TMX, LSE defend deal as regulator lists priorities

TORONTO/OTTAWA (Reuters) – The authors of a plan to combine the London and Toronto stock exchanges insisted on Thursday that the deal was fair, as regulators prepared to review if the proposal is in the public’s best interest.

Canada’s top securities regulator said the continued strength of Canadian equity markets will be crucial as it mulls whether to support the London Stock Exchange’s C$3.1 billion bid for TMX Group, parent company of the Toronto Stock Exchange.