The Oreninc Index fell slightly for the week ending January 22, 2015. Total dollars announced dropped to $76m, a two-week low. Two brokered and bought financings were announced for $70m, both two-week lows.
Deals slowed a bit, with Goldcorp’s (TSX:G) purchase of Probe Mines Ltd. (TSX-V:PRB) and the Ontario Borden Gold project leading the charge. The all-stock deal is worth CDN$526m. Gold prices for the week were strong, ending above $1,300 an ounce for the first time since August. Oil prices increased briefly on Thursday with news of the death of Saudi Arabian King Abdullah, though they will probably come back down with the expectation that his successor will not change the country’s crude production policy.
Though sagging and not where they need to be, it’s nice to see two alright weeks strung together after two of the worst weeks in years.
Summary:
Major Financing Openings:
Major Financing Closings:
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.
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