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CANACCORD AND CHINA’S EXIMBANK ANNOUNCE THEIR INTENT TO ESTABLISH A $1 BILLION NATURAL RESOURCE FUND

BEIJING, February 9, 2012 – Canaccord Financial Inc. (Canaccord) and the Import Export Bank of China (Eximbank) are pleased to announce their intent to establish a US$1 billion fund focused specifically on investing in the Canadian resource sector.  A memorandum of understanding to create the “Canada China Natural Resource Fund” (CCRF) was signed this morning by Paul Reynolds, President and CEO of Canaccord Financial Inc., and Li Ruogu, Chairman and President of Eximbank, in the presence of the Canadian Prime Minister, the Right Honourable Stephen Harper, and Vice Premier Li Keqiang of China.

 

The principal objectives of the CCNRF are to:

  • Invest in both public and private natural resource and energy companies or projects in Canada, and in companies that are listed, or have the potential to list on, Canadian stock exchanges; 
  • Promote interaction and sustainable development among Chinese, Canadian and other natural resources companies, and;
  • Realize substantial returns on investment through the strategic and market-oriented allocation of Fund capital

Following the signing ceremony, Paul Reynolds of Canaccord Financial Inc., said: “The Canadian natural resource industry and Canaccord’s deep knowledge of this important sector will be highly complementary to the interests of Chinese investors and the continued demand for energy and resources by the Chinese economy.”

 

Mr. Reynolds continued, “We are honoured to have had Prime Minister Stephen Harper and Vice Premier Li Keqiang involved in our signing ceremony this morning.  The ‘Canada-China Natural Resource Fund’ demonstrates the importance of Canadian financial markets in the development of resource companies and the continued expansion of Chinese participation in natural resource projects around the world.”

 

Li Ruogu, Chairman and President of Eximbank, added: “We are excited about pursuing this venture with our strategic partner Canaccord, and look forward to great success”.  

The closed-end fund is intended to raise approximately US$1 billion from investors in China and abroad.  It will be structured and operated at arms-length from its co-owners, with an independent management team responsible for maximizing returns for its limited partners.  A first closing is planned within the first half of 2012.

 

ABOUT CANACCORD FINANCIAL INC.: 

Through its principal subsidiaries, Canaccord Financial Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets.  Since its establishment in 1950, Canaccord has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services.  Canaccord has 53 offices worldwide, including 37 Wealth Management offices located across Canada.  Canaccord Genuity, the international capital markets division, operates in Canada, the U.S., the U.K., China, Hong Kong, Australia and Barbados.  

 

Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on AIM, a market operated by the London Stock Exchange.  Canaccord’s Series A Preferred Shares are listed on the TSX under the symbol CF.PR.A.

 

FOR FURTHER INFORMATION CONTACT:

 

North America media:

Scott Davidson

Executive Vice President, Global Head of Corporate Development and Strategy

Phone: 416-869-3875, email: scott.davidson@canaccord.com

For investor relations inquiries contact:

Jamie Kokoska
Vice President, Investor Relations & Communications
Phone: 416-869-3891, email: jamie.kokoska@canaccord.com

 

London media:

Bobby Morse or Ben Romney

Buchanan Communications (London)

Phone: +44 (0) 207 466 5000, email: bobbym@buchanan.uk.com

 

Nominated Adviser and Joint Broker:

Marc Milmo or Carl Holmes

Charles Stanley Securities 

Phone: +44 020 7149 6764, email: marc.milmo@csysecurities.com

 

Joint Broker:

Erick Diaz

Keefe, Bruyette & Woods Limited

Phone: +44 (0) 20 7663 3162, email: ediaz@kbw.com

 

 

中国进出口银行和Canaccord宣布将共同发起成立规模为10亿美元的自然资源基金

 

201229日,北京 – Canaccord Financial Inc(简称“Canaccord”)和中国进出口银行(简称“进出口银行”)宣布将共同发起成立规模为10亿美元的中加自然资源基金。今天上午,进出口银行行长李若谷和Canaccord的总裁兼首席执行官Paul Reynold签署成立“中-加自然资源投资基金”的谅解备忘录,加拿大总理哈珀和中国国务院副总理李克强参加了签字仪式。

基金投资的主要目标应为以下:

 

•   投资在加拿大的自然资源和能源领域已上市和未上市公司或者项目,以及投资于已经或者有潜力在加拿大证券交易所上市的公司;

• 促进中国、加拿大和其他自然资源公司之间的互动和可持续发展;

• 通过专业和市场导向的投资方式,以实现基金投资回报的目标。

 

签字仪式结束后,Canaccord的Paul Reynolds说:“加拿大的天然资源行业和Canaccord在该行业的深入认知将对于中国的投资者和中国企业对于能源和资源类的进一步需求起到互补的作用。”

 

Reynolds先生继续说道:“我们很荣幸请到哈珀总理和李克强副总理参加我们今天上午的签约仪式。‘中加自然资源基金’的成立体现了加拿大的资源类企业在金融市场的发展以及越来越多中国企业参与世界各地天然资源项目投资的重要性。”

 

进出口银行李若谷行长补充说:“我们很高兴能与我们战略合作伙伴Canaccord进行合作,并期待着取得巨大成功。” 

 

该基金一期规模约10亿美元,将面向国际投资人进行募集。首轮封闭计划于在2012年上半年完成。

 

关于Canaccord Financial Inc

通过其主要的子公司,Canaccord Financial Inc已经发展成为一家领先的、独立的、提供全方位金融服务的集团公司,并形成了两个主要的业务领域:财富管理和全球资本市场。自1950年成立以来,Canaccord一直坚定地致力于建立持续的客户关系。公司通过为个人、机构和公司客户提供全面的投资方案、承销服务和投资银行服务来实现这一目标。Canaccord目前在全球拥有53个办事机构,包括遍布加拿大的37个财富管理网点。CanaccordGenuity作为公司国际资本市场部门,在美国、英国、加拿大和巴巴多斯设有办事机构。

Canaccord已在多伦多股票交易所TSX挂牌上市,同时也是伦敦股票交易所AIM 市场的上市公司,证券代码均为CF。Canaccord的A系列优先股在TSX挂牌的代码为CF.PR.A.

如需进一步信息,请联系:

 

中国媒体:

Howard Balloch 贝祥

加通贝祥投资公司(CanaccordGenuity Asia)董事长

电话:+86-10-8451-5559;电子邮件:hballoch@canaccordgenuity.com

 

北美媒体:

Scott Davidson

执行副总裁兼企业发展与战略部总监

电话:+1-416-869-3875;电子邮件:scott.davidson@canaccord.com