ORENINC INDEX – March 25th, 2024

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ORENINC INDEX – Monday, March 25th, 2024

North America’s leading junior mining finance data provider

Last Week: 32.27

This week: 87.62

Summary:

  • The number of financings increased to 38.
  • Seven brokered financings were announced this week for $147m, a 6-week high.
  • Two bought deal financings were announced this week for $110m, a 6-week high.
  • Total dollars heightened to $186m, a 6-week high.
  • The average offer upped to $4.9m, a 6-week high.

 Major Financing Openings:

  • Calibre Mining Corp. (TSX-V:CXB) opened a $100 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 April 16, 2024.
  • Vior Inc. (TSX-V:VIO) opened a $20 million offering underwritten by a syndicate led by Eight Capital on a best-efforts basis. The deal is expected to close on or about March 28, 2024.
  • Li-FT Power Ltd. (CSE:LIFT) opened a $10.14 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 March 27, 2024.
  • Reconnaissance Energy Africa Ltd. (TSX-V:RECO) opened a $10 million offering underwritten by a syndicate led by Research Capital Corp. on a bought-deal basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about March 4, 2024.

Major Financing Closings:

  • Greenridge Exploration Inc. (CSE:GXP) closed a $3.5 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months.
  • Lode Gold Resources Inc. (TSX-V:LOD) closed a $2.08 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about March 15, 2024.
  • Strikepoint Gold Inc. (TSX-V:SKP) closed a $2.05 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 March 15, 2024.
  • Onyx Gold Corp. (TSX-V:ONYX) closed a $1.51 million offering on a best-efforts basis.

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