ORENINC INDEX – March 27th, 2023

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ORENINC INDEX – Monday, March 27th, 2023

North America’s leading junior mining finance data provider

Last Week: 86.14 

This week: 55.11

Summary:

  • The number of financings increased to 34.
  • Nine brokered financings were announced this week for $30m, a 5-week low.
  • Two bought deal financings were announced this week for $10m, a 4-week low.
  • Total dollars lessened to $68m, a 4-week low.
  • The average offer decreased to $2m, a 5-week low.

Major Financing Openings:

  • Tudor Gold Corp. (TSX-V:TUD) opened a $10 million offering underwritten by a syndicate led by Research Capital Corp. on a bought-deal basis. Each unit includes a 1/2 warrant that expires in 24 months. The deal is expected to close on or about April 12, 2023.
  • TDG Gold Corp. (TSX-V:TDG) opened a $7.5 million offering underwritten by a syndicate led by Raymond James Ltd. on a best-efforts basis. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about April 12, 2023.
  • Highgold Mining Inc. (TSX-V:HIGH) opened a $7 million offering on a best-efforts basis. The deal is expected to close on or about April 5, 2023.
  • Goldshore Resources Inc. (TSX-V:GSHR) opened a $5 million offering underwritten by a syndicate led by Research Capital Corp. 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 April 12, 2023.

Major Financing Closings:

  • Global Atomic Corp. (TSX-V:GLO) closed a $56 million offering underwritten by a syndicate led by Red Cloud Securities Inc. 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 March 17, 2023.
  • Patriot Battery Metals Inc. (CSE:PMET) closed a $49.99 million offering on a best-efforts basis.
  • Li-FT Power Ltd. (CSE:LIFT) closed a $35 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 22, 2023.
  • Collective Mining Ltd. (TSX-V:CNL) closed a $30.01 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 March 22, 2023.

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