Tweet

 

The Oreninc Index continues to have a resurgent Q4 even with the five-week moving average falling slightly.  International economic fears are certainly dampening investor confidence and the amount of money raised, but the mining financing market seems to be weathering the storm fairly well.

·         Total number of opened deals remained at 52.

·         Opened brokered deals continued an upward trend and moved to 17, the highest number since April.

·         Average brokered deal size fell from $10.5 million to $6.8 million.

·         Bought deals announced decreased to four; average deal size dropped to $7.25 million.

·         Averaged opened deal size fell to $3.3 million.

If you’re a small venture looking to raise money, it appears you’re in good company with investors and brokers willing to talk.  Now is the time to get started on the last flow-through of the year and to find investors looking for flow-through tax advantages.

This week’s major private placement openings included:

·         Seabridge Gold Inc. (TSX:SEA) opened a $27.4 million private placement underwritten by a syndicate led by Stonecap Securities on a best efforts basis.  The deal is expected to close on or about December 6, 2011.

·         Klondex Mines Ltd. (TSX:KDX) opened a $21 million private placement underwritten by a syndicate led by GMP Securities on a best efforts basis.  Each unit includes a 1/2 warrant that expires in 24 months, and the deal is expected to close on or about November 29, 2011.

·         Mercator Minerals Ltd. (TSX:ML) opened a $20 million private placement on a best efforts basis.  Each unit includes a 1/2 warrant that expires in 36 months.

·         Manitok Energy Inc. (TSX-V:MEI) opened a $20.01 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 December 5, 2011.

Major private placement closings:

·         ShaMaran Petroleum Corp. (TSX-V:SNM) closed a $51 million private placement on a best efforts basis.

·         Donnybrook Energy Inc. (TSX-V:DEI) closed a $12 million private placement underwritten by a syndicate led by Dundee Securities on a bought deal basis.

·         Roxgold Inc. (TSX-V:ROG) closed an $11.36 million private placement underwritten by a syndicate led by Cormark Securities on a bought deal basis.

·         Fission Energy Corp. (TSX-V:FIS) closed a $10.03 million private placement underwritten by a syndicate led by Dundee Securities on a bought deal basis.

Original Link: http://oreninc.com/orenthink/20111121-oreninc-index-update