ORENINC INDEX – January 30th, 2023

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ORENINC INDEX – Monday, January 30th, 2023

North America’s leading junior mining finance data provider

Last Week: 63.89

This week: 92.58

Summary:

  • The number of financings increased to 30.
  • Six brokered financings were announced this week for $209m, a 105-week high.
  • Three bought deal financings were announced this week for $105m, a 49-week high.
  • Total dollars increased to $267m, a 49-week high.
  • The average offer upped to $8.9m.

Major Financing Openings:

  • Asante Gold Corporation (TSX-V:ASE) opened a $67.54 million offering underwritten by a syndicate led by Clarus Securities Inc. on a best-efforts basis. The deal is expected to close on or about February 9, 2023.
  • GoGold Resources Inc. (TSX:GGD) opened a $65 million offering underwritten by a syndicate led by BMO Capital Markets on a bought deal The deal is expected to close on or about February 8, 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 The deal is expected to close on or about February 16, 2023.
  • EnCore Energy Corp. (TSX-V:EU) opened a $30 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.

Major Financing Closings:

  • Aya Gold & Silver Inc. (TSX:AYA) closed a $92 million offering underwritten by a syndicate led by Eight Capital on a bought deal The deal is expected to close on or about January 25, 2023.
  • Magna Mining Inc. (TSX-V:NICU) closed a $17.9 million offering underwritten by a syndicate led by Canaccord Genuity Corp. on a best-efforts basis. The deal is expected to close on or about January 25, 2023.
  • Augusta Gold Corp (CSE:G) closed a $11.5 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 36 months. The deal is expected to close on or about January 18, 2023.
  • Euromax Resources Limited (TSX-V:EOX) closed a $4.05 million offering on a best-efforts basis. The deal is expected to close on or about January 6, 2023.

 

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