* Shaw offering

Shaw Communications has entered into an underwriting agreement with a syndicate led by RBC Dominion Securities to sell four million Class b, non-voting participating shares of the company. At $65 per share, Shaw will raise $260 million in aggregate gross proceeds.

Net proceeds will be used for fund working capital requirements, capital expenditures and acquisitions. The shares will be distributed publicly in Canada, by way of a short-form prospectus, and the offering is expected to close on June 2.

Shaw is traded on the Alberta, Toronto and New York Stock Exchanges.

* Vidatron plans U.S. listing

Vancouver’s Vidatron Entertainment Group, which trades on the Toronto Stock Exchange, is seeking permission from the U.S. Securities and Exchange Commission to sell two million limited voting shares through underwriters The Seidler Companies, which is based in Los Angeles, and Josephthal & Co., based in New York City.

It’s the first time Vidatron has sought u.s. funding and the offering is a precursor to a listing on the American Stock Exchange as early as July.

Proceeds are expected to accelerate the company’s ability to produce and distribute proprietary programming and to open an l.a. office. Shares of Vidatron presently trade in the $3-per-share range.