ORENINC INDEX – September 4, 2023

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ORENINC INDEX – Monday, September 4, 2023

North America’s leading junior mining finance data provider

Last Week: 30.31

This week: 30.37

Summary:

  • The number of financings increased to 21.
  • Three brokered financing were announced this week for $5.8m, a 3-week low.
  • No bought-deal financing was announced this week.
  • Total dollars lessened to $24m, a 17-week low.
  • The average offer decreased to $1.1m, a 34-week low.

Major Financing Openings:

  • Rackla Metals Inc. (TSX-V:RAK) opened a $3 million offering underwritten by a syndicate led by 3L Capital Inc. on a best-efforts basis. Each unit includes 1 warrant that expires in 24 months. The deal is expected to close on or about September 14, 2023.
  • Resouro Gold Inc. (TSX-V:RAU) opened a $2.83 million offering underwritten by a syndicate led by Taylor Collison Ltd on a best-efforts basis.
  • Recharge Resources Ltd. (CSE:RR) opened a $2.12 million offering on a best efforts basis. Each unit includes 1 warrant that expires in 12 months.
  • Powr Lithium Corp. (CSE:POWR) opened a $2 million offering 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 September 8th, 2023.

Major Financing Closings:

  • Imperial Metals Corp. (TSX:III) closed a $16.8 million offering on a best-efforts basis. The deal is expected to close on or about August 31, 2023.
  • Sitka Gold Corp. (CSE:SIG) closed a $4 million offering 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 August 29, 2023.
  • Resouro Gold Inc. (TSX-V:RAU) closed a $2.83 million offering underwritten by a syndicate led by Taylor Collison Ltd on a best-efforts basis.
  • Sonoro Gold Corp. (TSX-V:SGO) closed a $2.26 million offering on a best-efforts basis. The deal is expected to close on or about July 31, 2023.

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