ORENINC INDEX – February 13th, 2023

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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.

 

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