Four ways to fix the ‘broken’ TSX Venture Exchange The TSX Venture Exchange has real problems. TSX Venture Exchange by the numbers in 2015 -34% drop in total equity capital raised by Venture issuers $3.1 billion amount of equity capital raised $677 million amount raised in public offerings -9% decline in total listings to 1,806… Continue Reading

The struggling Canadian resource industry was dealt another blow with the announcement that Vancouver-based independent brokerage house Salman Partners would be closing its doors in 2016. Founder Terry Salman, the company’s president and CEO, made the announcement in a short news release issued late Tuesday afternoon. “It is with regret that Salman Partners Inc. announces that… Continue Reading

The TSX Venture Exchange has been hammered by a resource bear market and low-cost competition in recent years. Plummeting commodity prices, risk-averse investors and restrictive financing rules have made it virtually impossible for all but the highest-calibre Venture-listed junior miners to raise money. Meanwhile, companies looking to save a dollar wherever they can are opting for… Continue Reading

The junior mining industry and those who invest in it have a friend in Ralph Sultan, the MLA for West Vancouver-Capilano. The British Columbia Liberal politician recently sounded the alarm in the provincial Legislative Assembly about the state of the junior exploration industry and the impediments to mine financing. Citing recent examples (Pretium’s Brucejack, Oyu… Continue Reading

44 comments for TMX Group, directors, auditors, and regulators These 44 comments on TSX- and TSXV-listed natural resource companies, and the accompanying schedules, have been prepared with the objective of identifying some of the contributors to the many problems faced by junior exploration companies and their investors, and hopefully convincing those responsible that there is… Continue Reading

If you’ve been watching the medical marijuana market from afar these last few months, wondering when the rubber might hit the road (or if it might skid off into a wall), today is the day that many of your questions will be answered. In the movie business, the last thing you want is two huge… Continue Reading

Congrats are in order to supporters of Vancouver, Canada-based online optical pioneer Coastal Contacts, which announced a friendly sale to France’s Essilor International Thursday for $435 million or $12.45 per share. See: Globe and Mail, Bloomberg and Vancouver Sun coverage. Essilor gains five million customers and a system for providing eye ware consumers with custom glasses… Continue Reading

VANCOUVER, Aug. 21, 2013 /CNW/ – Rob Blanchard, President of Haywood Securities Inc., one of Canada’s leading independent investment dealers, is pleased to announce that Haywood has taken a critical first step in its plans to significantly enhance the Firm’s position in the energy sector. “We have attracted a hand-picked team of accomplished energy capital markets specialists who will provide our Firm with the… Continue Reading

Capstone Mining (CS:TSX) announced today that it would acquire the right to earn up to 70% of the Project Providencia from Sociedad Quimica y Mineral de Chila S.A. (SQM).  The property is somewhat strategic in that it sits approximately halfway between Capstone’s Santo Domingo Project and Anglo American’s Mantos Blancos copper mine. SQM is a… Continue Reading

The all-star tech incubator, Difference Capital (see Tommy’s article), announced the closing of a $45-million financing which brings the total funds raised in the previous two financings to $101-million and a total of $185-million since May 2012.  You don’t see many junior miners able to raise that kind of money, especially in this market.  So,… Continue Reading

Bloomberg reports on the current mining market meltdown’s devastating impact on Canada’s investment community. Mark Morabito, chairman of Alderon Iron Ore Corp. (ADV), was quoted. “I’m now dealing with the top guys, the global heads of mining, because the guys in between are all gone… Toronto is just a dead zone.” Read: Toronto Bankers Feel Pain From Mining… Continue Reading

Visual Capitalist’s Tickerscores, which allows investors to compare precious metals stocks head-to-head, gave 46% of BC Gold & Silver Miners in the development stage a failing grade. Tickerscores uses 20+ variables and rates companies based on financials, management, valuation, recent performance, and project potential. The following infographic displays the highlights for 28 BC development companies. To… Continue Reading

New regulation complicates Canadian companies’ ability to raise capital at home and abroad. Source: British Columbia Securities Commission.  See also: BCSC to End Finder’s Fees for Capital Raising Except by Registered Dealer (Clark Wilson). BCN 2013/01 Notice and Request for Comment – Proposed Revocation of BC Instrument 32-513 Registration Exemption for Trades in Connection with Certain Prospectus-Exempt… Continue Reading