ORENINC INDEX – Monday, August 28th, 2023
North America’s leading junior mining finance data provider
Last Week: 50.22
This week: 30.31
Summary:
- The number of financings lessened to 15.
- Two brokered financing were announced this week for $12.5m, a 2-week low.
- No bought-deal financing was announced this week.
- Total dollars decreased to $34m, a 4-week low.
- The average offer fell to $2.3m, a 3-week low.
Major Financing Openings:
- Consolidated Uranium Inc. (TSX-V:CUR) opened a $6.94 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a best-efforts basis.
- Foremost Lithium Resource & Technology Ltd. (CSE:FAT) opened a $5.52 million offering underwritten by a syndicate led by ThinkEquity on a best-efforts basis.
- Solis Minerals Ltd. (TSX-V:SLMN) opened a $5.24 million offering on a best-efforts basis.
- Sitka Gold Corp. (CSE:SIG) opened a $4 million offering 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 August 29, 2023.
Major Financing Closings:
- Consolidated Uranium Inc. (TSX-V:CUR) closed a $6.94 million offering underwritten by a syndicate led by Red Cloud Securities Inc. on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months.
- Foremost Lithium Resource & Technology Ltd. (CSE:FAT) closed a $5.52 million offering underwritten by a syndicate led by ThinkEquity on a best-efforts basis.
- Solis Minerals Ltd. (TSX-V:SLMN) closed a $5.24 million offering on a best-efforts basis.
- Halcones Precious Metals Corp. (TSX-V:HPM) closed a $3.06 million offering on a best-efforts basis. The deal is expected to close on or about August 25, 2023.