ORENINC INDEX – Monday, February 06th, 2023
North America’s leading junior mining finance data provider
Last Week: 92.58
This week: 86.51
Summary:
- The number of financings remained at 30.
- Ten brokered financings were announced this week for $181m, a 2-week low.
- Five bought deal financings were announced this week for $82m, a 3-week low.
- Total dollars increased to $214m, a 2-week low.
- The average offer lowered to $7.1m, a 2-week low.
Major Financing Openings:
- Vizsla Silver Corp. (TSX-V:VZLA) opened a $34.01 million offering underwritten by a syndicate led by PI Financial Corp. on a best-efforts basis. The deal is expected to close on or about February 9, 2023.
- Faraday Copper Corp. (CSE:FDY) opened a $30 million offering underwritten by a syndicate led by Canaccord Genuity Corp on a bought deal The deal is expected to close on or about February 14, 2023.
- Arizona Sonoran Copper Company Inc. (TSX:ASCU) opened a $30 million offering underwritten by a syndicate led by Haywood Securities Inc. on a bought deal
- Premium Nickel Resources Ltd. (TSX-V:PNRL) opened a $27 million offering underwritten by a syndicate led by Paradigm Capital Inc. on a best-efforts basis.
Major Financing Closings:
- Regulus Resources Inc. (TSX-V:REG) closed an $23.11 million offering on a best-efforts basis. The deal is expected to close on or about January 31, 2023.
- Eloro Resources Ltd. (TSX-V:ELO) closed a $10.92 million offering underwritten by a syndicate led by Cantor Fitzgerald Canada Corp. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about January 27, 2023.
- Los Andes Copper Ltd. (TSX-V:LA) closed a $10 million offering underwritten by a syndicate led by BMO Capital Markets on a bought-deal basis. The deal is expected to close on or about January 30, 2023.
- Candente Copper Corp. (TSX:DNT) closed a $4 million offering on a best-efforts basis. The deal is expected to close on or about February 6, 2023.