ORENINC INDEX – Monday, October 16th, 2023
North America’s leading junior mining finance data provider
Last Week: 24.91
This week: 75.45
Summary:
- The number of financings lessened to 20.
- Two brokered financings were announced this week for $116m, a 30-week high.
- Two bought deal financings were announced this week for $116m, a 35-week high.
- Total dollars heightened to $146m, a 13-week high.
- The average offer upped to $7.3m, a 30-week high.
Major Financing Openings:
- Denison Mines Corp. (TSX:DML) opened a $75.11 million offering underwritten by a syndicate led by Cantor Fitzgerald Canada Corp. on a bought-deal basis. The deal is expected to close on or about October 16, 2023.
- Uranium Royalty Corp. (TSX:URC) opened a $40.82 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 October 17, 2023.
- Mayfair Gold Corp. (TSX-V:MFG) opened an $11 million offering on a best-efforts basis. The deal is expected to close on or about November 2nd, 2023.
- Silver Mountain Mines Inc. (TSX-V:SMM) opened a $4.2 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 36 months.
Major Financing Closings:
- Thesis Gold Inc. (TSX-V:TAU) closed an $11.16 million offering underwritten by a syndicate led by Clarus Securities Inc. on a best-efforts basis. The deal is expected to close on or about September 26, 2023.
- Goliath Resources Ltd. (TSX-V:GOT) closed an $8.6 million offering on a best-efforts basis. Each unit includes 1 warrant that expires in 18 months. The deal is expected to close on or about October 11, 2023.
- Caravan Energy Corp. (CSE:CNRG) closed a $6.05 million offering on a best-efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
- Electric Metals (USA) Ltd. (TSX-V:EML) closed a $5.87 million offering on a best-efforts basis. The deal is expected to close on or about September 30, 2023.