Brompton Energy Raises $34.5 Million Via Overnight Offering

Brompton Energy Split (ESP.TO) completed a treasury offering of class A shares and preferred shares for proceeds of about $34.5 million, it said Friday.

The Class A shares and preferred shares will trade on the Toronto Stock Exchange under the existing ESP and ESP.PR.A symbols.

The Class A shares were offered at $7.95 per Class A share for a distribution rate of 15.1% on the issue price, and the preferred shares were offered at $10.25 per preferred share to yield 7.1%, it said.

Shares of the company were last seen down 0.1% at $7.94 on the Toronto Stock Exchange.

Price: $7.94, Change: $-0.01, Percent Change: -0.13%

National Bank on CRTC New Canadian Content Requirement For Streamers, Traditional Broadcasters

The Canadian Radio-television and Telecommunications Commission (CRTC) this week announced changes in spending requirements for traditional broadcasters and streaming operators, notes National Bank analyst Adam Shine.Private Canadian broadcasters will be required to contribute 25% of their annual Canadian broadcasting revenues to Canadian programming expenditures (CPE) versus current levels of 30%-45%.The CPE requirement for online streaming services is being tripled to 15%. "We'll see how this plays out given that the prior 5% rate for online streamers with revenues above $25M in Canada was announced on June 4, 2024 and was to become effective for the f2024-f2025 broadcast year," Shine writes.No date has been set for implementation of the new rules.Lawsuits were filed in late 2024 by several U.S. streamers with the Federal Court of Appeal and the court paused the payment obligation which was due Aug. 31, 2025. A decision is still pending. The streamers could try to appeal a verdict against them to the Supreme Court, Shine adds.Price: $33.92, Change: $+0.32, Percent Change: +0.95%

$BCE.TO$QBR-B.TO$RCI-B.TO

Horizon Petroleum Down 19% After Raising $300,100 in a Non-Brokered Private Placement Of Units

Horizon Petroleum (HPL.V) shares fell 19% after the company closed a private placement of units, raising $300,100.The company placed 2.7-million units at $0.11 apiece and made up of a share and a tone half of a transferable warrant to buy a share for $0.15.The rights under the warrants have a term of three years following the closing date. Proceeds will be used for general working capital needs and advancing its projects in Poland.Shares of the company were last seen down $0.035 to $0.15 on the TSX Venture Exchange.Price: $0.15, Change: $-0.04, Percent Change: -18.92%

$HPL.V

Brompton Energy Raises $34.5 Million Via Overnight Offering

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