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.