The Prospector News

Oreninc Index Goes Nowhere

You have opened a direct link to the current edition PDF

Open PDF Close
Industry Analysts

Share this news article

Oreninc Index Goes Nowhere

 

 

 

 

 

The Oreninc Index remained stagnant for the week ending August 28, 2014. The five-week moving average also fell to its lowest level in over a year. Total dollars announced dropped to $84.4m, a two-week low. One brokered deal was announced for $10m, a two-week low; no bought deals were announced, also a two-week low.

 

Deals were quiet, as one would expect going into Labour Day weekend and the unofficial end of summer. Commodity prices were all over the place, with palladium hitting a 13-year high even as platinum continues its summer downfall. Iron ore also fell, continuing its horrid 2014. In a sentiment that has been repeated many times over the past couple of months, this truly was a week the industry would like to forget.

 

 

 

 

Summary:

 

  • Deals announced rose to 31, a four-week high.
  • One brokered deal was announced for $10m, a two-week low.
  • No bought deals were announced, a two-week low.
  • Total dollars dropped to $84.4m, a two-week low.
  • Average deal size dropped to $2.7m, a two-week low.

 

 

Major Financing Openings:

 

  • NuVista Energy Ltd. (TSX:NVA) opened a $29.36 million offering on a best efforts basis. The deal is expected to close on or about September 3, 2014.
  • Peregrine Diamonds Ltd. (TSX:PGD) opened a $15.1 million offering on a best efforts basis. Each unit includes 1 warrant that expires in 6 months.
  • Kerr Mines Inc. (TSX:KER) opened a $15 million offering underwritten by a syndicate led by Primary Capital Inc. on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.
  • Graphite One Resources Inc. (TSX-V:GPH) opened a $3.5 million offering on a best efforts basis. Each unit includes 1 warrant that expires in 48 months.

 

 

Major Financing Closings:

 

  • Painted Pony Petroleum Ltd. (TSX:PPY) closed a $50 million offering on a strategic deal basis.    
  • Corvus Gold Inc. (TSX:KOR) closed a $6.18 million offering on a best efforts basis.    
  • Vendetta Mining Ltd. (TSX-V:VTT) closed a $2.25 million offering on a best efforts basis.  Each unit includes a 1/2 warrant that expires in 36 months.
  • Prescient Mining Corp. (TSX-V:PMC) closed a $2 million offering on a best efforts basis.

 

 

 

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.

Posted September 3, 2014

Share this news article

MORE or "INDUSTRY ANALYSTS"


Mickey Fulp - Mercenary Alert: Is Zinc Still a Four-Letter Word?

Read the Report Here Mercenary Alert: Is Zinc Still a Four-Letter Word? ... READ MORE

June 15, 2017

Top 10 Financings of May 2017

May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 fina... READ MORE

June 15, 2017

ORENINC INDEX jumps as gold gets political again

ORENINC INDEX – Monday, June 12, 2017 North America’s leading junior mining finance data provide... READ MORE

June 13, 2017

The Week of June 5th to June 11th, 2017 "A Brief Look Back Into Tomorrow"

The new North American trading week began on Monday June 5th with... READ MORE

June 12, 2017

The Week of May 29th to June 4th, 2017 "A Brief Look Back Into Tomorrow"

The new North American trading week began on Monday, May 29th wit... READ MORE

June 6, 2017

Copyright 2024 The Prospector News