Brad Meikle

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Pinetree-Backed Mega Uranium Merges with Rockgate

Toronto-based Mega Uranium Ltd., a producer of uranium, has merged with Rockgate Capital Corp., a mineral exploration company based in Vancouver. The transaction, which will see Rockgate become a subsidiary of Mega Uranium, will create a diversified uranium company with assets in Australia and Mali, and approximately $22 million of cash. Mega Uraninum is a portfolio investment of Canadian private equity firm Pinetree Capital.

Pinetree Capital's Shareholders Elect Directors

Canadian private equity firm Pinetree Capital, which focuses on investments in companies in metals, oil and gas and other natural resource sectors, has a new board of directors. Among the directors elected at Pinetree's annual meeting was Sheldon Inwentash, Pinetree's chairman and CEO, who founded the firm in 1992.

Chart Of The Week: Top 10 Commitments By Select LPs, Q2

LPs say they’re looking to make bigger commitments to fewer funds, and while we can’t speak to the latter LPs definitely made some large commitments in the second quarter.

Crowdmark Raises $600K in Seed-Stage Funding

Toronto-based Crowdmark Inc., an education technology startup, has raised $600,000 in seed stage financing from the University of Toronto Early-Stage Technology (UTEST) program, MaRS Innovation, the University of Toronto's Connaught Fund, RIC Centre Venture Start and other sources. Crowdmark has recently conducted pilot projects for tools to make testing in educational institutions more efficient.

Amaya Gaming to Buy Diamond Game Enterprises for $25M

Montréal-based Amaya Gaming Group Inc., an entertainment solutions provider for the gaming industry, has agreed to acquire Diamond Game Enterprises, a designer and manufacturer of gaming-related products based in Los Angeles. Amaya is expected to pay US$25 million for the company, with the deal expected to close in the fourth quarter. Amaya is backed by Canadian merchant bank Difference Capital Funding.

Manulife Buys Broker-Dealer from CAI-Backed Symetra Financial

Canadian insurer Manulife Financial Corp., through its U.S. business division John Hancock Financial, has purchased Symetra Investment Services for an undisclosed amount. The broker-dealer/investment advisory company was sold by Symetra Financial Corp., a portfolio company of Canadian private equity firm CAI Private Equity. The transaction is expected to close within six months.