ORENINC INDEX – August 28th, 2023

Views

49

Share

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.

Close

Newsletter Sign up






    Close

    Become in our Sponsor

      We will contact you to present our sponsor plans and pricing