ORENINC INDEX jumps and number of financings increase – March 6th, 2023

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ORENINC INDEX – Monday, March 6th, 2023

North America’s leading junior mining finance data provider

 

Last Week: 54.23

This week: 71.63

Summary:

  • The number of financings increased to 39.
  • Six brokered financings were announced this week for $67.8m, a 3-week high.
  • Two bought deal financings were announced this week for $32m, a 3-week high.
  • Total dollars increased to $130m, a 3-week high.
  • The average offer upped to $3.3m, a 3-week high.

Major Financing Openings

  • Global Atomic Corp. (TSX-V:GLO) opened a $25 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.
  • Desert Mountain Energy Corp. (TSX-V:DME) opened a $20 million offering underwritten by a syndicate led by Beacon Securities Ltd. on a best-efforts basis. The deal is expected to close on or about March 23, 2023.
  • Orezone Gold Corporation (TSX:ORE) opened a $16.51 million offering on a best-efforts basis. The deal is expected to close on or about March 8, 2023.
  • Wallbridge Mining Company Ltd. (TSX:WM) opened a $9.64 million offering on a best-efforts basis.

Major Financing Closings:

  • Osisko Development Corp. (TSX-V:ODV) closed a $51.76 million offering underwritten by a syndicate led by Eight Capital on a bought-deal basis. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about March 2, 2023.
  • Rupert Resources Ltd. (TSX-V:RUP) closed a $47.56 million offering on a best-efforts basis. The deal is expected to close on or about February 24, 2023.
  • Canada Nickel Company Inc. (TSX-V:CNC) closed a $44.4 million offering on a best-efforts basis. The deal is expected to close on or about March 2, 2023.
  • Silver Tiger Metals Inc. (TSX-V:SLVR) closed an $18.01 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 February 24, 2023.

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