ORENINC INDEX – April 1st, 2024

Views

11

Share

ORENINC INDEX – Monday, April 1st, 2024

North America’s leading junior mining finance data provider

Last Week: 87.62

This week: 28.20

Summary:

  • The number of financings decreased to 25.
  • No brokered financing was announced this week.
  • No bought deal financing was announced this week.
  • Total dollars lessened to $36m, an 11-week low.
  • The average offer lowered to $1.4m, a 2-week low.

Major Financing Openings:

  • Canagold Resources Ltd. (TSX:CCM) opened a $12 million offering on a best-efforts basis.
  • Renegade Gold Inc. (TSX-V:RAGE) opened a $3.4 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months.
  • Omega Pacific Resources Inc. (CSE:OMGA) opened a $3 million offering on a best-efforts basis. The deal is expected to close on or about February 4, 2024.
  • Stillwater Critical Minerals Corp. (TSX-V:PGE) opened a $2.5 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months.

Major Financing Closings:

  • Vior Inc. (TSX-V:VIO) closed a $19.31 million offering underwritten by a syndicate led by Eight Capital on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about March 28, 2024.
  • Dolly Varden Silver Corp. (TSX-V:DV) closed a $15 million offering underwritten by a syndicate led by Research Capital Corp on a bought deal The deal is expected to close on or about March 21, 2024.
  • Li-FT Power Ltd. (CSE:LIFT) closed a $10.14 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a best-efforts basis. The deal is expected to close on or about March 27, 2024.
  • Freegold Ventures Limited (TSX:FVL) closed a $10 million offering underwritten by a syndicate led by Paradigm Capital Inc. on a best-efforts basis. The deal is expected to close on or about March 26, 2024.

Close

Newsletter Sign up






    Close

    Become in our Sponsor

      We will contact you to present our sponsor plans and pricing