The Prospector News

Oreninc Index Update: February 21, 2013

You have opened a direct link to the current edition PDF

Open PDF Close
Industry Analysts

Share this news article

Oreninc Index Update: February 21, 2013

Oreninc Index Jumps in Holiday Shortened Week

 

The markets started to display a heartbeat of life, and the Oreninc Index took a positive turn in the family day shortened week ending February 21, 2013.  The week saw a marked increase in dollars opened for both brokered and non-brokered deals.  Numbered of brokered deals was flat, while one bought deal was announced for the first time in three weeks.  Although the financing markets remain very shaky, it’s nice to see jumps from time to time.

 

 

 

 

Summary:

 

 

  • Deals announced jumped to 35, a three-week high.
  • Two brokered deals were announced, flat from last week; brokered dollars announced increased to $70 million, tripling last weeks total.
  • Two bought deals were announced, the first bought deals in three weeks.
  • Total dollars announced nearly tripled to $123 million, a three-week high.
  • Average deal size increased to $3.5 million, a three-week high.

 

Major Financing Openings:

 

 

  • Sterling Resources Ltd. (TSX-V:SLG) opened a $55 million offering underwritten by a syndicate led by Casimir Capital on a bought deal basis.
  • Orex Minerals Inc. (TSX-V:REX) opened a $20 million offering on a best efforts basis. The deal is expected to close on or about March 30, 2013.
  • Panoro Minerals Ltd. (TSX-V:PML) opened a $15.02 million offering underwritten by a syndicate led by Canaccord Genuity on a bought deal basis. The deal is expected to close on or about March 14, 2013.
  • Entree Gold Inc. (TSX:ETG) opened a $10 million offering on a best efforts basis. The deal is expected to close on or about March 1, 2013.

 

Major Financing Closings:

 

 

  • Santacruz Silver Mining Ltd. (TSX-V:SCZ) closed a $40.42 million offering underwritten by a syndicate led by Canaccord Genuity on a bought deal basis.
  • DeeThree Exploration Ltd. (TSX:DTX) closed a $30.06 million offering underwritten by a syndicate led by Macquarie Capital Markets on a bought deal basis.
  • Pretium Resources Inc. (TSX:PVG) closed a $21 million offering underwritten by a syndicate led by CIBC on a bought deal basis.
  • Upper Canada Gold Corp. (TSX-V:UCC) closed an $8 million offering on a best efforts basis.

 

 

 

Author: Eli Fabens

 

 

 

Original Link: http://oreninc.com/orenthink/entry/oreninc-index-update-february-21-2013

 

 

 

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.

Disclaimer: The views presented in Oreninc’s blog reflect the opinions of the Oreninc Team only. We use the publicly available data we collect for the ODL to discuss greater market and financing issues. See Terms.

 

Posted February 27, 2013

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 2019 The Prospector News - Site design by Spyderbaby Productions