ORENINC INDEX – March 4th, 2024

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ORENINC INDEX – Monday, March 4th, 2024

North America’s leading junior mining finance data provider

Last Week: 52.92

This week: 27.26

Summary:

  • The number of financings remained at 23.
  • No brokered financing was announced this week.
  • No bought-deal financing was announced this week.
  • Total dollars lessened to $41.6m, a 4-week low.
  • The average offer decreased to $1.8m, a 7-week low.

Major Financing Openings:

  • Collective Mining Ltd. (TSX-V:CNL) opened a $18.9 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months.
  • World Copper Ltd. (TSX-V:WCU) opened a $4 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
  • GFG Resources Inc. (TSX-V:GFG) opened a $3.3 million offering on a best-efforts basis. The deal is expected to close on or about March 22, 2024.
  • Onyx Gold Corp. (TSX-V:ONYX) opened a $1.5 million offering on a best-efforts basis.

Major Financing Closings:

  • Nouveau Monde Graphite Inc. (TSX-V:NOU) closed a $67.8 million offering on a best-efforts basis.
  • Vizsla Silver Corp. (TSX-V:VZLA) closed a $34.5 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.
  • Scorpio Gold Corporation (TSX-V:SGN) closed a $6 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 January 31, 2024.
  • Scottie Resources Corp. (TSX-V:SCOT) closed a $3.59 million offering on a best-efforts basis.

 

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