Oreninc Index Update: June 25, 2015

Views

96

Share

b2ap3_thumbnail_Index-Header-6-25-15.png

 

Oreninc Index Falls to Nine-Week Low

The Oreninc Index fell to a nine-week low for the week ending June 25, 2015. Total dollars dropped $85.4m, a two-week low. One brokered financing was announced for $1m, a 24-week low; no bought deals were announced for the third time in five weeks.

The largest deal for the week was Glencore Xstrata’s (LON:GLEN) sale of their Cosmos Nickel Complex to Western Areas Ltd (ASX:WSA) for $23.3m. Gold came back down for the week, declining well below $1,200 an ounce. Iron ore recovered and increased marginally.

It appears that the yearly slowdown that the official start of summer brings may finally be upon us. 

 

a1sx2_Original1_Index-Image-6-25-15.png

 

Summary:

  • Number of financings increased to 30, tied for a three-week high.
  • One brokered financings was announced for $1m, a 24-week low.
  • No bought deal financings were announced for the third time in five weeks.
  • Total dollars dropped to $85.4m, a two-week low.
  • Average offer size fell to $2.8m, a four-week low.  

 

Major Financing Openings:

  • SouthGobi Resources Ltd. (TSX:SGQ) opened a $39.05 million offering on a best efforts basis. The deal is expected to close on or about July 14, 2015.
  • Roxgold Inc. (TSX-V:ROG) opened a $18.4 million offering on a strategic deal basis. Each unit includes a 1/2 warrant that expires in 24 months.
  • Western Lithium USA Corporation (TSX:WLC) opened a $6.16 million offering on a strategic deal basis.    
  • Marathon Gold Corp. (TSX:MOZ) opened a $3.5 million offering on a best efforts basis.    

 

Major Financing Closings:

  • Premier Gold Mines Limited (TSX:PG) closed a $27.1 million offering on a best efforts basis. The deal is expected to close on or about June 15, 2015.
  • EMED Mining Public Ltd. (TSX-V:EMD) closed a $12.53 million offering on a best efforts basis.    
  • Plateau Uranium Inc. (TSX-V:PLU) closed a $3.38 million offering on a best efforts basis.  Each unit includes a 1/2 warrant that expires in 18 months. The deal is expected to close on or about June 22, 2015.
  • Barkerville Gold Mines Ltd. (TSX-V:BGM) closed a $2 million offering on a strategic deal basis.

 

 

Close

Newsletter Sign up






    Close

    Become in our Sponsor

      We will contact you to present our sponsor plans and pricing