ORENINC INDEX – April 17th, 2023

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ORENINC INDEX – Monday, April 17th, 2023

North America’s leading junior mining finance data provider

Last Week: 67.33

This week: 78.44

Summary:

  • The number of financings lessened to 27.
  • Three brokered financings were announced this week for $82.8m, a 4-week high.
  • One bought deal financing was announced this week for $29.8m, a 4-week high.
  • Total dollars heightened to $136, a 4-week high.
  • The average offer increased to $5m, a 4-week high.

Major Financing Openings:

  • Discovery Silver Corp. (TSX:DSV) opened a $45 million offering underwritten by a syndicate led by Clarus Securities Inc. on a best-efforts basis. The deal is expected to close on or about April 19, 2023.
  • Nouveau Monde Graphite Inc. (TSX-V:NOU) opened a $29.83 million offering underwritten by a syndicate led by BMO Capital Markets on a bought-deal basis. The deal is expected to close on or about April 17, 2023.
  • Excellon Resources Inc. (TSX:EXN) opened a $10 million offering on a best-efforts basis. The deal is expected to close on or about April 5, 2023.
  • Western Alaska Minerals Corp. (TSX-V:WAM) opened an $8 million offering underwritten by a syndicate led by Agentis Capital Markets Limited Partnership on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about April 27, 2023.

Major Financing Closings:

  • Tudor Gold Corp. (TSX-V:TUD) closed an $18.56 million offering underwritten by a syndicate led by Research Capital Corp. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about April 12, 2023.
  • Montage Gold Corp. (TSX-V:MAU) closed a $15.25 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a bought-deal basis. The deal is expected to close on or about April 12, 2023.
  • Highgold Mining Inc. (TSX-V:HIGH) closed a $9.26 million offering on a best-efforts basis. The deal is expected to close on or about April 11, 2023.
  • Goldshore Resources Inc. (TSX-V:GSHR) closed a $6.9 million offering underwritten by a syndicate led by Research Capital Corp. on a best-efforts basis. The deal is expected to close on or about April 12, 2023.

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