ORENINC INDEX – May 22nd, 2023

Last Week: 72.95

This week: 79.41

Summary:

• The number of financings increased to 46.
• Five brokered financings were announced this week for $73m, a 5-week high.
• One bought deal financing was announced this week for $64m, a 4-week high.
• Total dollars heightened to $136.7m, a 5-week high.
• The average offer increased to $2.9m, a 5-week high.

Major Financing Openings:

• Skeena Resources Limited (TSX-V:SKE) opened a $64 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 May 24, 2023.
• Orford Mining Corp. (TSX-V:ORM) opened a $6.02 million offering on a best-efforts basis. The deal is expected to close on or about June 15, 2023.
• NOA Lithium Brines Inc. (TSX-V:NOAL) opened a $6 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months.
• Vizsla Copper Corp. (TSX-V:VCU) opened a $5 million offering underwritten by a syndicate led by PI Financial 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 June 1, 2023.

Major Financing Closings:

• Moneta Gold Inc. (TSX:ME) closed a $26 million offering underwritten by a syndicate led by National Bank Financial Inc. on a bought-deal basis. The deal is expected to close on or about May 17, 2023.
• Delta Resources Ltd. (TSX-V:DLTA) closed a $10 million offering underwritten by a syndicate led by Cormark Securities Inc. 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 May 17, 2023.
• Goliath Resources Ltd. (TSX-V:GOT) closed a $9.65 million offering underwritten by a syndicate led by Red Cloud Securities Inc. 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 May 18, 2023.
• Aftermath Silver Ltd. (TSX-V:AAG) closed an $8.25 million offering on a best-efforts basis.