ORENINC INDEX – Monday, February 13th, 2023
North America’s leading junior mining finance data provider
Last Week: 86.51
This week: 79.18
Summary:
- The number of financings lessened to 24.
- Eight brokered financings were announced this week for $164m, a 3-week low.
- Seven bought deal financings were announced this week for $162m, a 51-week high.
- Total dollars increased to $228m, a 2-week high.
- The average offer heightened to $9.5m.
Major Financing Openings:
- Osisko Mining Inc. (TSX:OSK) opened a $75 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 18 months. The deal is expected to close on or about February 28, 2023.
- Rupert Resources Ltd. (TSX-V:RUP) opened a $47.56 million offering on a best-efforts basis. The deal is expected to close on or about February 24, 2023.
- Osisko Development Corp. (TSX-V:ODV) opened a $45.01 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about February 3, 2023.
- Canada Nickel Company Inc. (TSX-V:CNC) opened a $20.01 million offering on a best-efforts basis. The deal is expected to close on or about February 3, 2023.
Major Financing Closings:
- GoGold Resources Inc. (TSX:GGD) closed a $65 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 February 8, 2023.
- Vizsla Silver Corp. (TSX-V:VZLA) closed a $45.02 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.
- EnCore Energy Corp. (TSX-V:EU) closed a $34.5 million offering underwritten by a syndicate led by Canaccord Genuity on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months. The deal is expected to close on or about February 10, 2023.
- Paycore Minerals Inc. (TSX-V:CORE) closed an $18.41 million offering underwritten by a syndicate led by PI Financial Corp. on a bought-deal basis. The deal is expected to close on or about February 9, 2023.