The Prospector News

Oreninc Index Remains Strong in Holiday-Shortened Week

You have opened a direct link to the current edition PDF

Open PDF Close
Industry Analysts

Share this news article

Oreninc Index Remains Strong in Holiday-Shortened Week

 

 

 

 

 

The Oreninc Index remained strong in the holiday-shortened week ending July 3, 2014. This week’s performance is characterized by good numbers, although it clearly does not match the previous week as indicated by a slew of two-week lows. Total dollars announced fell to $93.6m, a two-week low. Brokered dollars announced dropped to $36.5m, a two-week low, and bought dollars announced dropped to $32m, also a two-week low.

 

While financing activity remained up this week, deal-making subsided, which is unsurprising given the holidays in the US and Canada. It is a good sign that companies are able to raise cash in the first week of summer; a couple more weeks like the previous two, and the stronger weeks will become less of a surprise and more of an expected performance.

 

 

 

 

Summary:

 

  • Deals announced fell to 38, a two-week low.
  • Six brokered deals were announced for $36.5m, a two-week low.
  • Two bought deals were announced for $32m, a two-week low.
  • Total dollars dropped to $93.6m, a two-week low.
  • Average deal size decreased to $2.5m, a two-week low.

 

 

Major Financing Openings:

 

  • Terrace Energy Corp. (TSX-V:TZR) opened a $20.02 million offering underwritten by a syndicate led by Canaccord Genuity on a bought deal basis.    
  • St. Augustine Gold and Copper Limited (TSX:SAU) opened a $15.52 million offering on a strategic deal basis.    
  • Rubicon Minerals Corporation (TSX:RMX) opened a $12 million offering underwritten by a syndicate led by TD Securities on a bought deal basis. The deal is expected to close on or about July 23, 2014.
  • Caza Oil & Gas Inc. (TSX:CAZ) opened a $10.78 million offering on a best efforts basis.    

 

 

Major Financing Closings:

 

  • Mountain Province Diamonds Inc. (TSX:MPV) closed a $45.53 million offering on a best efforts basis.    
  • Guyana Goldfields Inc. (TSX:GUY) closed a $44.4 million offering on a best efforts basis.    
  • Polaris Minerals Corp. (TSX:PLS) closed a $17.44 million offering underwritten by a syndicate led by Dundee Securities Ltd. on a bought deal basis.   
  • Kirkland Lake Gold Inc. (TSX:KGI) closed a $7.5 million offering underwritten by a syndicate led by National Bank Financial Inc. on a bought deal 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 July 8, 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 2020 The Prospector News - Site design by Spyderbaby Productions