ORENINC INDEX – February 06th, 2023

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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.

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