ORENINC INDEX – February 26, 2024

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ORENINC INDEX – Monday, February 26, 2024

North America’s leading junior mining finance data provider

Last Week: 34.30 (Updated)

This week: 52.92

Summary:

  • The number of financings increased to 23.
  • One brokered financing was announced this week for $30m, a 2-week high.
  • One bought deal financing was announced this week for $30m, a 2-week high.
  • Total dollars decreased to $71m, a 3-week low.
  • The average offer lowered to $3.1m, a 3-week low.

Major Financing Openings:

  • Vizsla Silver Corp. (TSX-V:VZLA) opened a $30 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 29, 2024.
  • Montage Gold Corp. (TSX-V:MAU) opened a $20 million offering on a best efforts basis. The deal is expected to close on or about Mach 11, 2024.
  • Western Copper and Gold Corporation (TSX-V:WRN) opened a $3 million offering on a best efforts basis.
  • International Battery Metals Ltd. (CSE:IBAT) opened a $2.7 million offering on a best efforts basis. Each unit includes 1 warrant that expires in 24 months.

Major Financing Closings:

  • Ascot Resources Ltd. (TSX-V:AOT) closed a $28.75 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 20, 2024.
  • Fathom Nickel Inc. (CSE:FNI) closed a $4.57 million offering on a best efforts basis. Each unit includes 1 warrant that expires in 0 months. The deal is expected to close on or about December 18, 2023.
  • Kootenay Silver Inc. (TSX-V:KTN) closed a $3.72 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 February 20, 2024.
  • Nevgold Corp. (TSX-V:NAU) closed a $2.35 million offering on a best efforts basis. The deal is expected to close on or about January 12, 2024.

 

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