ORENINC INDEX – April 22th, 2024

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ORENINC INDEX – Monday, April 22nd, 2024

North America’s leading junior mining finance data provider

Last Week: 80.50

This week: 71.62

Summary:

  • The number of financings increased to 39.
  • Eight brokered financings were announced this week for $66.5m, a 2-week low.
  • Two bought deal financings were announced this week for $35, a 3-week low.
  • Total dollars lessened to $99m, a 2-week low.
  • The average offer fell to $2.5m, a 3-week low.

Major Financing Openings:

  • Western Copper and Gold Corporation (TSX-V:WRN) opened a $25 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. The deal is expected to close on or about April 30, 2024.
  • Awale Resources Ltd. (TSX-V:ARIC) opened a $10 million offering underwritten by a syndicate led by Canaccord Genuity 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 May 8, 2024.
  • Silver Mountain Resources Inc. (TSX-V:AGMR) opened a $7.5 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 48 months. The deal is expected to close on or about April 24, 2024.
  • Revival Gold Inc. (TSX-V:RVG) opened a $7 million offering underwritten by a syndicate led by Paradigm Capital Inc. on a best-efforts basis.

Major Financing Closings:

  • Rio2 Ltd. (TSX-V:RIO) closed a $23.02 million offering underwritten by a syndicate led by Eight Capital on a best-efforts basis. The deal is expected to close on or about April 17, 2024.
  • Bayridge Resources Corp. (CSE:BYRG) closed a $6.95 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
  • Silver X Mining Corp. (TSX-V:AGX) closed a $5 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months. The deal is expected to close on or about March 29, 2024.
  • American Pacific Mining Corp. (CSE:USGD) closed a $4.5 million offering on a best-efforts basis. The deal is expected to close on or about April 16, 2024.

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