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Salman Partners� Creative approach
to corporate financing has brought great value to its clients:
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Hollinger Canadian Newspapers, L.P.
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When looking at Hollinger International
Inc., Salman Partners saw an opportunity for the company to secure more
financing through corporate restructuring. The firm approached Hollinger
with the notion of establishing a limited partnership structure with the
company�s community newspapers. Salman Partners was the sole agent of this
$200 million private placement. This was the first newspaper limited partnership
deal in Canada. Salman Partners then acted as co-lead manager of a $46
million IPO of the same L.P., creating the first publicly traded newspaper
L.P. in North America.
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NovaGold Resources Inc.
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When the gold market began to make a positive
turn in early 2002, Salman Partners recoginized that institutional investors
were looking for quality exploration companies with excellent leverage
to the price of gold.� NovaGold, with its interest in the Donlin Creek
gold property hosting more than 10.6 million ounces gold resource, exemplified
the quality junior company investors were seeking.� In April 2002,
Salman Partners was the lead agent in on the first equity offerings in
Canada using the SHAEF system� NovaGold's $16 million Units Offering
was oversubscribed and increased to $18.5 million.
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Pan American Silver Corp.
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Salman Partners approached Pan American
Silver Corp. to act as underwriter for an equity financing deal. Salman
Partners was lead manager in this deal. This was an American-Canadian shelf
prospectus and one of the first led by a Canadian dealer. With the Pan
American deal, Salman Partners led an issue that was twice oversubscribed.
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Purcell Energy Ltd.
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As an alternative to a rights offering
the company was considering, Salman Partners proposed that Purcell could
raise the equity it required � to fund a second well at Ft. Laird, NWT
� at a premium to market and at a lower cost than was being proposed by
other investment dealers. Purcell Energy liked the idea. The special warrant
financing of $5 million devised by Salman Partners was very well received
by the market and oversubscribed.