ORENINC INDEX – April 10th, 2023

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ORENINC INDEX – Monday, April 10th, 2023

North America’s leading junior mining finance data provider

Last Week: 49.08 

This week: 67.33

Summary:

  • The number of financings increased to 50.
  • Six brokered financings were announced this week for $15m, a 13-week low.
  • Two bought deal financing were announced this week for $4,5m, a 6-week low.
  • Total dollars heightened to $108m, a 3-week high.
  • The average offer lessened to $2.1m, a 2-week low.

Major Financing Openings:

  • Luca Mining Corp. (TSX-V:LUCA) opened a $20.3 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
  • Imagine Lithium Inc. (TSX-V:ILI) opened a $9.13 million offering on a best-efforts basis. The deal is expected to close on or about April 26, 2023.
  • Steppe Gold Ltd. (TSX:STGO) opened a $9 million offering on a best-efforts basis. The deal is expected to close on or about May 2, 2023.
  • Impact Silver Corp. (TSX-V:IPT) opened a $7 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about April 14, 2023.

Major Financing Closings:

  • Asante Gold Corp. (TSX-V:ASE) closed a $27.35 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 12 months. The deal is expected to close on or about April 3, 2023.
  • Labrador Uranium Inc. (CSE:LUR) closed a $12.57 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a bought-deal basis.
  • Blackwolf Copper and Gold Ltd. (TSX-V:BWCG) closed an $8.5 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a best-efforts basis. The deal is expected to close on or about March 28, 2023.
  • Denarius Silver Corp. (TSX-V:DSLV) closed a $7.37 million offering on a best-efforts basis. The deal is expected to close on or about March 31, 2023.

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