The Prospector News

Oreninc Index Declines

You have opened a direct link to the current edition PDF

Open PDF Close
Industry Analysts

Share this news article

Oreninc Index Declines

 

 

 

 

 

The Oreninc Index declined for the week ending November 27, 2014. Total dollars fell to $101.4m, a three-week low. One brokered deal was announced for $2m, a three-week low; and no bought deals were announced for the second time in four weeks.

 

 

The US Thanksgiving did not close Canadian markets, but it did seem to impact dealflow as no major deals were announced. Oil had a truly horrific week, falling to $70 a barrel on news that OPEC does not intend to alter crude production. Iron ore also had another miserable week, falling below $70 a ton for the first time since 2009. In better news, gold seems to have leveled off and, at least momentarily, stymied the fall that it has experienced since summer. As we head into the holiday season, it will be interesting to see if companies take advantage of raising last minute flow-through, as has happened in previous years, or if they close the doors and bunker down for a very cold winter.

 

 

 

 

 

Summary:

 

  • Deals dropped to 33, a three-week low.
  • One brokered deal was announced for $2m, a three-week low.
  • No bought deals were announced for the second time in four weeks Total dollars fell to $101.4m, a three-week low.
  • Average deal size decreased to $3.1m, a two-week low.

 

 

Major Financing Openings:

 

  • Paladin Energy Ltd. (TSX:PDN) opened a $58.96 million offering on a strategic deal basis.
  • International Tower Hill Mines Ltd. (TSX:ITH) opened a $8.39 million offering on a best efforts basis. The deal is expected to close on or about December 12, 2014.
  • Cadan Resources Corporation (TSX-V:CXD) opened a $6 million offering on a best efforts basis. Each unit includes 1 warrant that expires in 12 months.
  • St. Augustine Gold and Copper Limited (TSX:SAU) opened a $4.5 million offering on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.

 

 

Major Financing Closings:

 

  • Osisko Gold Royalties Ltd. (TSX:OR) closed a $42 million offering on a strategic deal basis.    
  • Virginia Mines Inc. (TSX:VGQ) closed a $28 million offering on a strategic deal basis.    
  • Premier Gold Mines Limited (TSX:PG) closed a $9.19 million offering on a best efforts basis.    
  • Duluth Metals Limited (TSX:DM) closed a $2.3 million offering on a strategic deal basis.

     

 

Oreninc also publishes the Oreninc Deal Log, a daily list of all financing activity in the TSX, TSX-V and CSE resource sectors. Visit http://oreninc.com to see which companies and sectors to watch. Oreninc also writes custom reports for companies on effective capital raising strategies to help companies maintain long-term shareholder value.

Posted December 4, 2014

Share this news article

MORE or "INDUSTRY ANALYSTS"


Mickey Fulp - Mercenary Alert: Is Zinc Still a Four-Letter Word?

Read the Report Here Mercenary Alert: Is Zinc Still a Four-Letter Word? ... READ MORE

June 15, 2017

Top 10 Financings of May 2017

May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 fina... READ MORE

June 15, 2017

ORENINC INDEX jumps as gold gets political again

ORENINC INDEX – Monday, June 12, 2017 North America’s leading junior mining finance data provide... READ MORE

June 13, 2017

The Week of June 5th to June 11th, 2017 "A Brief Look Back Into Tomorrow"

The new North American trading week began on Monday June 5th with... READ MORE

June 12, 2017

The Week of May 29th to June 4th, 2017 "A Brief Look Back Into Tomorrow"

The new North American trading week began on Monday, May 29th wit... READ MORE

June 6, 2017

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions