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Developing Bellechasse-Timmins Gold Deposit
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Private Placement
What Does Private Placement Mean?
The sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. Private placement is the opposite of a public issue, in which securities are made available for sale on the open market.
The sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. Private placement is the opposite of a public issue, in which securities are made available for sale on the open market.
Investopedia explains Private Placement
Since a private placement is offered to a few, select individuals, the placement does not have to be registered with the Securities and Exchange Commission. In many cases, detailed financialinformation is not disclosed and a the need for a prospectus is waived. Finally, since the placements are private rather than public
Best Efforts
What Does Best Efforts Mean?
An agreement an underwriter makes to act as an agent between an issuing company and investors.
An agreement an underwriter makes to act as an agent between an issuing company and investors.
Investopedia explains Best Efforts
In a best efforts agreement, the underwriter agrees to use all efforts to sell as much of an issue as possible to the public. The underwriter can purchase only the amount required to fulfill its client's demand or the entire issue. However, if the underwriter is unable to sell all securities, it is not responsible for any unsold inventory.
Best effort agreements are used mainly for securities with higher risk, such as unseasoned offerings.
In a best efforts agreement, the underwriter agrees to use all efforts to sell as much of an issue as possible to the public. The underwriter can purchase only the amount required to fulfill its client's demand or the entire issue. However, if the underwriter is unable to sell all securities, it is not responsible for any unsold inventory.
Best effort agreements are used mainly for securities with higher risk, such as unseasoned offerings.
Bought Deal
What Does Bought Deal Mean?
A new share issue that is bought entirely by one underwriter to resell to investors.
A new share issue that is bought entirely by one underwriter to resell to investors.
Investopedia explains Bought Deal
An underwriter will only do a bought deal if it is confident there is enough demand for the shares.
An underwriter will only do a bought deal if it is confident there is enough demand for the shares.
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