ORENINC INDEX – August 14, 2023

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ORENINC INDEX – Monday, August 14th, 2023

North America’s leading junior mining finance data provider

Last Week: 51.15

This week: 35.10


Summary:

  • The number of financings lessened to 22.
  • No brokered financing was announced this week.
  • No bought-deal financing was announced this week.
  • Total dollars decreased to $53m, a 2-week low.
  • The average offer heightened to $2.4m, a 3-week high.

Major Financing Openings:

  • Denarius Metals Corp. (TSX-V:DSLV) opened a $20 million offering on a best-efforts basis. The deal is expected to close on or about September 6, 2023.
  • Fireweed Metals Ltd. (TSX-V:FWZ) opened a $16.8 million offering on a best-efforts basis.
  • Renegade Gold Inc. (TSX-V:RAGE) opened a $5 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months.
  • Kincora Copper Ltd. (TSX-V:KCC) opened a $1.83 million offering on a best-efforts basis.

Major Financing Closings:

  • Nighthawk Gold Corp. (TSX-V:NHK) closed an $11.32 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 August 4, 2023.
  • Guanajuato Silver Company Ltd. (TSX-V:GSVR) closed a $8.01 million offering underwritten by a syndicate led by Cantor Fitzgerald Canada Corp. on a bought deal basis. Each unit includes 1 warrant that expires in 18 months. The deal is expected to close on or about August 10, 2023.
  • Tectonic Metals Inc. (TSX-V:TECT) closed a $7.67 million offering underwritten by a syndicate led by Canaccord Genuity Corp. 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 May 30, 2023.
  • Volt Lithium Corp. (TSX-V:VLT) closed a $6.78 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a best-efforts basis. The deal is e

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