ORENINC INDEX – April 8th, 2024

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ORENINC INDEX – Monday, April 8th, 2024

North America’s leading junior mining finance data provider

Last Week: 28.20

This week: 59.79

Summary:

  • The number of financings remained at 25.
  • Four brokered financings were announced this week for $40.7m, a 2-week high.
  • Two bought deal financings were announced this week for $40m, a 2-week high.
  • Total dollars increased to $73.8m, a 2-week high.
  • The average offer heightened to $3m, a 2-week high.

Major Financing Openings:

  • Snowline Gold Corp. (CSE:SGD) opened a $25 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.
  • Meridian Mining UK Societas (TSX-V:MNO) opened a $15 million offering underwritten by a syndicate led by Beacon Securities Ltd. on a bought-deal basis. The deal is expected to close on or about April 9, 2024.
  • Freeport Resources Inc. (TSX-V:FRI) opened a $5 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
  • Silver Viper Minerals Corp. (TSX-V:VIPR) opened a $4 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 April 12, 2024.

Major Financing Closings:

  • Carolina Rush Corp. (TSX-V:RUSH) closed a $3.23 million offering underwritten by a syndicate led by Paradigm Capital Inc. 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 April 3, 2024.
  • Riley Gold Corp. (TSX-V:RLYG) closed a $1.5 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months.
  • Mantaro Precious Metals Corp. (TSX-V:MNTR) closed a $1.3 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 12 months.
  • Sonoro Gold Corp. (TSX-V:SGO) closed a $1.17 million offering on a best-efforts basis.

 

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