The Oreninc Index fell marginally for the week ending January 23, 2014. Despite the fall, total dollars announced rose to $149.6m, a five-week high. Brokered dollars and bought dollars announced also jumped up to $104.6m and $102.7m respectively; both are 10-week highs. While performance overall is down (due to a low volume of deals announced), the amount raised remaining strong for two weeks is an optimistic sign as we head deeper into winter.

Summary:

• Deals announced dropped to 27, two-week low.
• Six brokered deals were announced for $104.6m, a ten-week high.
• One bought deal was announced for $102.7m, a ten-week high.
• Total dollars announced rose to $149.6m, a five-week high.
• Average deal size increased to $5.5m, a ten-week high.

Major Financing Openings:

• Storm Resources Ltd. (TSX-V:SRX) opened a $34.85 million offering underwritten by a syndicate led by FirstEnergy Capital Corp. on a bought deal basis. The deal is expected to close on or about February 14, 2014.
• Cardinal Energy Ltd. (TSX:CJ) opened a $28.00 million offering underwritten by a syndicate led by RBC Capital Markets on a bought deal basis. The deal is expected to close on or about February 10, 2014.
• Timmins Gold Corp. (TSX:TMM) opened a $25.01 million offering underwritten by a syndicate led by RBC Capital Markets on a bought deal basis. The deal is expected to close on or about February 11, 2014.
• Madalena Energy Inc. (TSX-V:MVN) opened a $20.00 million offering underwritten by a syndicate led by Haywood Securities on a bought deal basis. The deal is expected to close on or about February 11, 2014.

Major Financing Closings:

• Kerr Mines Inc. (TSX:KER) closed a $5.65 million offering  on a best efforts basis. Each unit includes 1 warrant that expires in 36 months.
• Integra Gold Corp. (TSX-V:ICG) closed a $5.28 million offering on a best efforts basis.
• Coro Mining Corp. (TSX:COP) closed a $2.11 million offering  on a best efforts basis. Each unit includes a 1/2 warrant that expires in 36 months.
• NovX21 Inc. (TSX-V:NOV) closed a $2.00 million offering underwritten by a syndicate led by Euro Pacific Canada Inc. on a best efforts basis.

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.