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Oreninc Index Update: March 8, 2012

Last updated: 08:28 08 Mar 2012 GMT, First published: 13:28 08 Mar 2012 GMT

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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.

 

 

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  • 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

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