ORENINC INDEX – April 24th, 2023

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ORENINC INDEX – Monday, April 24th, 2023

North America’s leading junior mining finance data provider

 

Last Week: 78.44

This week: 71.10

Summary:

  • The number of financings increased to 39.
  • Six brokered financings were announced this week for $66m, a 2-week low.
  • Six bought deal financings were announced this week for $66m, a 5-week high.
  • Total dollars lessened to $107, a 3-week low.
  • The average offer decreased to $2.8m, a 2-week low.

Major Financing Openings:

  • West Red Lake Gold Mines Inc. (CSE:RLG) opened a $20.6 million offering on a best-efforts basis.
  • Moneta Gold Inc. (TSX:ME) opened a $20 million offering underwritten by a syndicate led by National Bank Financial Inc. on a bought-deal basis. The deal is expected to close on or about May 17, 2023.
  • GoviEx Uranium Inc. (CSE:GXU) opened a $12 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about May 11, 2023.
  • F3 Uranium Corp. (TSX-V:FUU) opened a $10 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 May 26, 2023.

Major Financing Closings:

  • Discovery Silver Corp. (TSX:DSV) closed a $51.75 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) closed a $29.72 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.
  • Gowest Gold Ltd. (TSX-V:GWA) closed a $15 million offering on a best-efforts basis. The deal is expected to close on or about February 28, 2023.
  • Sterling Metals Corp. (TSX-V:SAG) closed a $6.48 million offering underwritten by a syndicate led by PI Financial Corp. on a best-efforts basis. The deal is expected to close on or about April 17, 2023.

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