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Oreninc – “Top 10 Deals of January 2018”

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Oreninc – “Top 10 Deals of January 2018”

 

 

 

 

 

January 2018 saw 105 deals close in the Canadian financial markets for an aggregate C$432.8 million at an average of $4.32 million, down 6.1% in total dollar terms over December 2017 when 213 financings closed for $460.8 million at an average of $2.2 million.

 

 

January saw nine brokered deals close for an aggregate $162.0 million at an average of $18.0 million. Within this, five bought deals closed for an aggregate of $105.9 million deal at an average $21.2 million.

 

 

The top ten deals by size closed in January totalled $241.3 million with graphite, copper and tin leading the field. Gold took three spots of the top ten with cobalt also figuring.

 

 

January saw 44 gold deals close for $104.6 million at an average of $2.3 million, down 40.6% in total value terms from the $176.2 million raised in 101 gold deals in December at an average of $1.7 million. The top ten gold deals in January totalled $84.6 million, some 80.9% of the total.

 

 

In base metals, the top ten deals in January totalled $121.9 million with the majority being raises for copper.

 

 

In the battery metals space, the top ten deals in January totalled $97.6 million with four cobalt deals, three lithium, two graphite and one nickel deal.

 

 

#1 Mason Graphite     $45.0 million

 

 

Mason Graphite (TSXV:LLG) closed a $45 million offering underwritten by a syndicate led by National Bank Financial on a bought deal basis via the issuance of 18.75 million shares @ C$2.40. The net proceeds will be used for development and construction expenses related to the Lac Guéret graphite mine and Baie-Comeau, Québec concentrator plant project.

 

 

#2 Excelsior Mining   $38.6 million

 

 

Excelsior Mining (TSX:MIN) closed an oversubscribed non-brokered private placement in two tranches through the issuance of 38.6 million shares @ 1.00 for $38.6 million. The net proceeds will be used for the development, construction and maintenance of its Gunnison copper project in Arizona, USA.

 

 

#3 Alphamin Resources          $28.5 million

 

 

Alphamin Resources (TSXV:AFM) closed a private placement of 89.1 million@ $.032 for gross proceeds of $28.5 million. It also closed a non-brokered private placement of 85.9 million units for gross proceeds of $27.5 million. Each unit comprises one share and half a warrant exercisable @ $0.40 for three years. The net proceeds will be applied towards the equity requirement for the continued development of its Bisie tin project in Democratic Republic of Congo.

Posted February 14, 2018

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