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.