ORENINC INDEX – April 29th, 2024

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ORENINC INDEX – Monday, April 29th, 2024

North America’s leading junior mining finance data provider

Last Week: 68.73 (Updated)

This week: 40.76

Summary:

  • The number of financings lessened to 25.
  • Three brokered financings were announced this week for $17m, a 4-week low.
  • One bought deal financing was announced this week for $6m, a 4-week low.
  • Total dollars decreased to $62m, a 4-week low.
  • The average offer increased to $2.5m, a 2-week high.

Major Financing Openings:

  • Abrasilver Resource Corp. (TSX-V:ABRA) opened a $20 million offering on a best efforts basis. The deal is expected to close on or about April 26, 2024.
  • Guanajuato Silver Company Ltd. (TSX-V:GSVR) opened a $8.63 million offering underwritten by a syndicate led by Research Capital Corp. on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about May 6, 2024.
  • Royal Helium Ltd. (TSX-V:RHC) opened a $6 million offering underwritten by a syndicate led by Research Capital Corp. on a bought-deal basis. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about May 1st, 2024.
  • Outback Goldfields Corp. (TSX-V:OZ) opened a $5 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months.

Major Financing Closings:

  • Snowline Gold Corp. (CSE:SGD) closed a $31.91 million offering underwritten by a syndicate led by Cormark Securities Inc. on a bought-deal basis. The deal is expected to close on or about April 25, 2024.
  • Galway Metals Inc. (TSX-V:GWM) closed a $4.42 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 25, 2024.
  • Almonty Industries Inc. (TSX-V:AII) closed a $3.19 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months.
  • GFG Resources Inc. (TSX-V:GFG) closed a $2.51 million offering on a best-efforts basis. The deal is expected to close on or about April 19, 2024.

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