The Oreninc Index exploded to its highest level since January for the week ending August 8, 2013. Two $80m+ brokered offerings led the way, marking the first time more than one $50m+ brokered offering has occurred in a single week in 21 weeks. Broker activity was up all around, with brokered vs. total deals over 93%, its highest level since 2011. While the financing market may still be on shaky ground, this week’s heights along with a 14-week high for the five-week moving average gives us optimism that we are moving away from 2013’s summer financing lull.
Major Financing Openings:
Major Financing Closings:
Oreninc also publishes the Oreninc Deal Log, a daily list of all financing activity in the TSX 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.
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