The Oreninc Index fell to its lowest level since January for the week ending August 14, 2014. Total dollars raised fell to $35.8m, an eight-week low. No brokered or bought deals were announced, 33-week and four-week lows respectively. Obviously, returning to a full five-day trading week did not increase activity or inspire any real movement in the space.
Deals were light; among them was Anglo’s deal with Redhawk Resources, giving Anglo the right to buy into Redhawk’s Copper Creek project on one of the lone deals involving the majors this week. Still, with copper prices dropping to an eight-week low, this is probably a week the industry would like to forget.
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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