The Oreninc Index is back after the team traveled to Toronto for a very successful PDAC, where Oreninc’s Managing Director Benjamin Cox spoke about 2012 financing projections. The index is down from last week, but the five-week moving average is at its highest since last April. Financing season is in full force.
- Total number of opened deals dropped to 33.
- Number of opened brokered deals fell to 15 and made up 81% of total money announced.
- Nine bought deals were announced for a total of $161.8 million.
- Total money opened fell to $212 million, a three-week low.
This week’s major private placement openings included:
- Great Basin Gold (TSX:GBG) opened a $50 million private placement underwritten by a syndicate led by RBC Capital Markets on a bought deal basis. The deal is expected to close on or about March 28, 2012.
- Extorre Gold Mines Limited (TSX:XG) opened a $25.1 million private placement underwritten by a syndicate led by Canaccord Genuity on a bought deal basis. The deal is expected to close on or about March 15, 2012.
- Sandspring Resources Ltd. (TSX-V:SSP) opened a $25 million private placement underwritten by a syndicate led by RBC Capital Markets on a bought deal basis. The deal is expected to close on or about March 30, 2012.
- Lachlan Star (TSX:LSA) opened a $17.6 million private placement underwritten by a syndicate led by Macquarie Capital Markets on a bought deal basis. The deal is expected to close on or about April 3, 2012.
Major private placement closings:
- Crescent Point Energy Corp. (TSX:CPG) closed a $605.9 million private placement underwritten by a syndicate led by BMO Capital on a bought deal basis.
- Madalena Ventures Inc. (TSX-V:MVN) closed a $67.5 million private placement underwritten by a syndicate led by Casimir Capital on a bought deal basis.
- Spartan Oil Corp. (TSX:STO) closed a $57.5 million private placement underwritten by a syndicate led by Clarus Securities on a bought deal basis.
- Prodigy Gold Inc. (TSX-V:PDG) closed a $42.5 million private placement underwritten by a syndicate led by Casimir Capital on a bought deal basis.
Original Link: https://oreninc.com/orenthink/20120313-oreninc-index-update