The Oreninc Index five-week moving average fell to its lowest level YTD for the week ending July 11, 2013. Two brokered deals were announced for the week, only one of which was a bought deal. This level is most likely a product of the normal mid-summer lull, as well as the market’s current stagnation. With mid-summer approaching and many summer exploration projects still underway, there is no reason to believe the Index will improve significantly over the next couple of weeks.
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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