Co-leads Silver Bow Mining IPO
US$59.8 million bought-deal IPO with RCC as co-lead underwriter.
Canadian Investment Bank
Century-old, employee-owned independent dealer that leads small-cap equity financings, mainly in mining and energy.
Research Capital is a privately held, employee-owned Canadian investment dealer that traces its roots to 1921. It combines a wealth management business with investment banking, venture banking, equity capital markets, institutional sales and trading, and research. It says it has raised more than $6 billion for growth companies over five years, and its recent deal list is mostly lead and co-lead roles on mining, oil and gas, and small-cap technology and healthcare financings. Investment bankers sit mainly in Toronto, with energy coverage in Calgary and a venture banking team in Vancouver.
0 open roles13 deals6 people21 sources
Raises equity for small- and mid-cap companies through IPOs, bought deals, marketed offerings, private placements, ATMs and rights offerings, and advises on M&A, defence, capital structure and restructurings.
Vancouver-based team that funds and advises early-stage and junior companies.
Originates, structures, syndicates, prices and allocates new equity issues, working with both institutional and retail distribution.
Equity and fixed income sales and trading for institutions, supported by a research team covering small and mid-cap growth names; U.S. institutions are served through Research Capital USA Inc.
Wealth management through investment advisors and portfolio managers in its branches across the country, with no proprietary products to sell.
| Toronto | ON | headquarters |
| Montréal | QC | office |
| Vancouver | BC | office |
| Calgary | AB | office |
| Regina | SK | office |
| Edmonton | AB | office |
| Ottawa | ON | office |
| North York | ON | office |
| Brantford | ON | office |
| Campbell River | BC | office |
Powered by
From the inside
Reasons that work in interviews
3 reasons for Research Capital Corporation
At this size the interviewer is usually a founding partner, so a reason assembled from the firm’s homepage will not survive. Build the answer from four things instead, in order: one named transaction from their tombstones and what you found interesting about it; who you would report to, and what you want to learn from them specifically; why small, in your own words, tied to something you have actually done; and why this sector or region, if the firm has one.
One of the oldest independent dealers in Canada, which means relationships with issuers that span cycles.
Small-cap focus across sectors keeps the work varied.
Independence means no bank parent dictating which clients are worth covering.
Coming soon
We’re collecting the real technical and behavioural questions candidates were asked at Research Capital Corporation, by role and office, and how each round runs.
When they’re in, they’ll be part of BSO Pro, which already has candidate reports for dozens of firms.
Interviewing there sooner than that? Get in touch and we’ll help you prepare.
Typical background
GuidanceNo prior finance experience required.
Global bulge brackets and elite boutiques
Global banks
Research Capital Corporation works as one generalist team: bankers staff deals across these sectors rather than joining a group, so there is no group to pick when you apply. Investment banking is presented as two teams: Corporate Finance and Advisory for small and mid-cap growth companies, and a separate Venture Investment Banking team in Vancouver for venture-stage issuers. No industry groups are presented.
Corporate Finance and AdvisoryVenture Investment Banking
Chairman and Chief Executive Officer
Senior Executive
Co-founder of the modern firm and CEO of Research Capital and its predecessors since 1984, after starting his career at Dominion Securities in the 1970s. He set the firm's strategy of building its institutional and banking business around mid-market growth companies. He studied at the University of Toronto, the London School of Economics and Wharton (MBA, Ph.D.).
President
Senior Executive
President since February 2004. A Chartered Accountant, he was a KPMG partner and later national director of its securities industry practice, then COO of Yorkton Securities from 1996. He is also the firm's recruiting contact for Ontario.
Managing Director, Head of Equity Capital Markets, Co-Head Capital Markets
Equity Capital Markets
Leads the ECM group, which structures, syndicates, markets and distributes the firm's new issues alongside investment banking. He joined in 2004 after ECM roles at Scotia Capital and First Associates, and holds a McGill B.A. in economics and a Concordia MBA.
Managing Director, Investment Banking (Energy)
Investment Banking
Calgary-based energy banker who is a professional engineer. He has worked at Imperial Oil/ExxonMobil, was a senior oil and gas research analyst and partner at Wellington West Capital Markets, and served as CEO of Madalena Energy. He has worked on more than 80 financing and M&A deals.
Managing Director, Venture Investment Banking
Investment Banking
Vancouver-based head of venture banking who built Research Capital's original venture group earlier in his career. He later co-founded the capital markets group at Union Securities and was a Managing Director of investment banking at PI Financial after it bought Union in 2012. He is a professional engineer with a Waterloo B.A.Sc. and a Laurier MBA.
Executive Vice President
Senior Executive
Joined in 2025 as Executive Vice President to run and grow the firm's western Canadian business. He was previously CEO of PI Financial Corp., where he had worked in various roles since 1995, and served on the IIROC (now CIRO) board from 2013 to 2022.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
May 9, 2025
Jean-Paul BachellerieHire
Executive Vice President
PI Financial Corp. → Research Capital Corporation
Former PI Financial CEO joins Research Capital's executive team to run and grow its western Canadian operations.
Aug 14, 2026
Andora Energy Corporation (Sawn Lake heavy oil project)
Financial advisor to CanAsia; verbal fairness opinion to the independent committee · Oil & Gas
Buyer Arm's-length Alberta corporation (undisclosed) · Seller CanAsia Energy Corp.
CanAsia agreed to sell Andora Energy, owner of the Sawn Lake project, for a C$30 million base price plus contingent and production-linked payments.
Closed Jul 1, 2026
Kinjal Gas
Lead agent and sole bookrunner · Oil & Gas
C$38 million marketed private placement of subscription receipts (month only, July 2026, per RCC's deal listing).
Closed May 1, 2026
Silver Bow Mining Corp.
Co-lead underwriter and joint bookrunner · Mining
US$59.8 million bought-deal initial public offering of common shares (month only, May 2026, per RCC's deal listing).
Closed Mar 1, 2026
Tectonic Metals Inc.
Agent · Mining
About C$92 million marketed private placement of common shares (month only, March 2026, per RCC's deal listing).
Closed Jan 1, 2026
Reconnaissance Energy Africa Ltd.
Lead underwriter and sole bookrunner · Oil & Gas
About C$36.8 million underwritten LIFE private placement of units (month only, January 2026, per RCC's deal listing). RCC also led ReconAfrica offerings in June and September 2025.
Closed Jan 1, 2026
Silver47 Exploration Corp.
Lead underwriter and sole bookrunner · Mining
About C$34.5 million bought-deal public offering of units by prospectus supplement (month only, January 2026, per RCC's deal listing).
Oct 2025
Dolly Varden Silver Corporation
Co-lead underwriter and joint bookrunner · Mining (Silver)
Bought-deal private placement (including LIFE and flow-through tranches) under an underwriting agreement dated October 23, 2025.
Aug 19, 2024
Dolly Varden Silver Corporation
Sole bookrunner and co-lead underwriter · Mining (silver exploration)
Dolly Varden Silver announced a C$25 million bought deal financing of common shares at C$1.00 and flow-through shares at C$1.25, with participation by Eric Sprott.
May 29, 2024
South Ferrier and Strachan area assets
Lead underwriter and sole bookrunner, subscription receipt private placement · Oil & Gas
Buyer Fiddlehead Resources Corp.
Fiddlehead agreed to buy producing South Ferrier-Strachan assets from a senior Canadian producer for $22.5 million in cash, funded by a subscription receipt offering and a credit facility.
Mar 8, 2023
PyroGenesis Canada Inc. ($5 million private placement)
Financial advisor to PyroGenesis on the private placement · Industrials / Clean Tech
PyroGenesis closed a $5 million non-brokered private placement.
Nov 29, 2021
Amarillo Gold Corporation
Financial advisor and fairness opinion to the Amarillo special committee · Mining (Gold)
Buyer Hochschild Mining plc
Hochschild agreed to acquire Amarillo, owner of the Posse gold project in Brazil, for about C$164.5 million, with Amarillo's Lavras assets spun out to shareholders.
Dec 19, 2018
Emblem Corp.
Financial advisor to Aleafia (as Mackie Research Capital Corporation) · Cannabis
Buyer Aleafia Health Inc.
Aleafia Health agreed to acquire Emblem in an all-share CBCA plan of arrangement valued at about $173.2 million.
Jun 12, 2009
Rimfire Minerals Corporation
Financial advisor to Rimfire; fairness opinion · Mining
Buyer Geoinformatics Exploration Inc.
Rimfire and Geoinformatics agreed to combine by plan of arrangement at 0.87 post-consolidation Geoinformatics shares per Rimfire share.
US$59.8 million bought-deal IPO with RCC as co-lead underwriter.
Research Capital announces the former PI Financial CEO as Executive Vice President in charge of growing its western operations.
On its 100th anniversary the firm drops the Mackie name and goes back to Research Capital Corporation.
The firm later bought NCP Northland (2013), Jennings Capital (2014) and Jordan Capital Markets (2015).
The name reflects a combined capital markets and wealth management platform.
W. Harold Mara and Leigh M. McCarthy start the predecessor firm in Toronto.
21
0
0
0
CanAsia Energy Corp. via CNW · Aug 14, 2026 · newswire.ca
Dolly Varden Silver Corporation (SEC Form 6-K, Exhibit 99.4) · Nov 3, 2025 · sec.gov
Research Capital Corporation · May 9, 2025 · researchcapital.com
Dolly Varden Silver Corporation via GlobeNewswire · Aug 19, 2024 · globenewswire.com
Fiddlehead Resources Corp. via CNW · May 29, 2024 · newswire.ca
Research Capital Corporation (GlobeNewswire) · May 25, 2023 · globenewswire.com
PyroGenesis Canada Inc. (SEC EDGAR exhibit) · Mar 8, 2023 · sec.gov
Amarillo Gold Corporation via GlobeNewswire · Nov 29, 2021 · globenewswire.com
Aleafia Health Inc. (SEC Form 6-K exhibit 99.1) · Dec 19, 2018 · sec.gov
Rimfire Minerals Corp. via SEC (Form 6-K) · Jun 19, 2009 · sec.gov
Rimfire Minerals Corp. via SEC (Form 6-K) · Jun 12, 2009 · sec.gov
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Research Capital Corporation · Date unavailable · researchcapital.com
Showing sources for the free preview. 0 further sources support the locked intelligence on this page.
Add your resume and BSO shows how you match Research Capital Corporation and the signals in your favour. BSO Pro adds how to position yourself, who to contact and the roles open at your level.
Get your planBig Six banks
Rising boutiques and mid-market independents
Boutiques, small-cap dealers and deal advisory
Research Capital Corporation is hereWhere people go next
Guidance