Good morning. Today’s four developments put a funding proposal, financing closings and a transaction vote on the same page. The useful detail is how far each has actually travelled.
UniUni puts another funding step on the table
UniUni has announced a term sheet for a private funding round, with an existing investor leading it. The September 25 announcement leaves the amount, investor’s name and closing date undisclosed.
The delivery company says the expected financing would support operations and North American growth as peak delivery season approaches.
There’s also the earlier backdrop: on September 24, MAK said it had issued a breach notice under the proposed reverse-takeover agreement, starting a stated 15-business-day period to cure the alleged breach.
UniUni’s funding release doesn’t announce a resolution of that allegation. Readers now have a proposed funding round to follow alongside the earlier notice.
Sagicor closes C$350 million in notes
TSX-listed Sagicor completed a Canadian private placement of senior unsecured notes with C$350 million in aggregate principal. The coupon is 5.503%, and the notes mature on September 25, 2031.
This is the closing of the financing priced on September 22. Sagicor announced completion on September 25 and says it intends to put the net proceeds toward debt repayment and related transaction costs.
Two more developments to watch
Goldcana’s smaller raise. Goldcana said it closed a non-brokered placement for C$2 million in gross proceeds, issuing eight million units at C$0.25 each. Final Canadian Securities Exchange acceptance remains pending.
The company plans to spend net proceeds on exploration, including the La Sarre project in Quebec, plus working capital and general corporate purposes. La Sarre is under an option to earn an interest. The closing release points to earlier placement announcements on September 2 and 10.
H&R’s vote gets a date. H&R scheduled a virtual special meeting for November 13, with October 2 as the voting record date. It expects to file meeting materials around October 8.
The proposed transaction would transfer all H&R assets to GO REIT and a consortium of co-purchasers; H&R unitholders would receive a combination of cash and GO REIT units. This update gives readers the voting timetable. The sale remains proposed.
News cutoff: September 26, 2026, at 8:56 a.m. Toronto time. These updates were announced September 25; earlier announcements are identified as context.
For information and education, not advice for a specific transaction or a prediction of value.
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