Oreninc Index Update: May 23, 2013

Views

103

Share

Oreninc Index Up During Holiday-Shortened Week

Note: The Oreninc Index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the five-week moving average is the grey area.

The Oreninc Index climbed to a three-week high during the holiday-shortened week ending May 23, 2013.  Total dollars announced was down while brokered dollars announced jumped to a three-week high and the second highest in seven weeks.  Next week will likely be slow with market closures in the United States and United Kingdom.

 Summary:

  • Total deals announced increased to 25, a two-week high.
  • Two brokered deals were announced for $35 million dollars, a three-week high.
  • One bought deal was announced for $25 million.
  • Total dollars announced was $51 million, a two-week low.
  •  Average deal size fell to $2.1 million, a two-week low.

Major Financing Openings:

  • Colossus Minerals Inc. (TSX:CSI) opened a $25 million offering underwritten by a syndicate led by GMP Securities L.P. on a bought deal basis. The deal is expected to close on or about June 12, 2013.
  • Trevali Mining Corp. (TSX:TV) opened a $10 million offering underwritten by a syndicate led by Dundee Securities Ltd. on a bought deal basis. The deal is expected to close on or about June 12, 2013.
  • Americas Bullion Royalty Corp. (TSX:AMB) opened a $2.25 million offering on a best efforts basis.
  • Pacific Potash Corporation (TSX:PP) opened a $2 million offering on a best efforts basis. Each unit includes 1 warrant that expires in 30 months.

Major Financing Closings:

  • Maudore Minerals Ltd. (TSX-V:MAO) closed a $15.51 million offering underwritten by a syndicate led by GMP Securities L.P. on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
  • Platino Energy Corp. (TSX-V:PZE) closed a $0.66 million offering on a best efforts basis.
  • Golden Bridge Mining Corporation (TSX-V:GBM) closed a $0.44 million offering on a best efforts basis. Each unit includes a 1/2 warrant that expires in 12 months.
  • Hi Ho Silver Resources Inc. (CNSX:HHS) closed a $0.37 million offering on a best efforts basis.

Close

Newsletter Sign up






    Close

    Become in our Sponsor

      We will contact you to present our sponsor plans and pricing