ORENINC #MiningStocks Financings Index up; brokered activity surges @tsx_tsxv

ORENINC INDEX up as brokered activity surges again

ORENINC INDEX up as brokered activity surges again

ORENINC INDEX - Monday, September 7th 2020

North America's leading junior mining finance data provider

Last Week: 62.90

This week: 79.69

The Oreninc Index  increased in the week ending September 4th, 2020 to 79.69 from 62.90 a week ago as brokered activity surged again.

On to the money:

Aggregate financings announced jumped to $135 million, a four-week high, which included nine brokered financings for $70.5 million, a two-week high, and two bought-deal financings for $52.5 million, a six-week high. The average offer size increased to $2.9 million, a two-week high, while the number of financings fell to 47.

VanEck managed GDXJ closed down at $58.34 from $59.79 a week ago. The index is now up 38.05% so far this year. 

Summary

• Number of financings decreased to 47.
• Nine brokered financings were announced this week for $70.5 million, a two-week high.
• Two bought-deal financings were announced this week for $52.5 million, a six-week high.
• Total dollars increased to $135 million, a four-week high.
• Average offer increased to $2.9 million, a two-week high.

Financing Highlights

Major Financing Openings

• GoGold Resources (TSX:GGD) opened a $30 million offering underwritten by a syndicate led by BMO Capital Markets on a bought deal basis. The deal is expected to close on or about September 18th.
• Auryn Resources (TSXV:AUG) opened a $22.5 million offering underwritten by a syndicate led by Canaccord Genuity on a bought deal basis.    

Major Financing Closings

• Aya Gold & Silver (TSX:AYA) closed a $26.23 million offering underwritten by a syndicate led by Desjardins Capital Markets on a best efforts basis. Each unit included half a warrant that expires in three years.
• Abraplata Resource (TSX-V:ABRA.H) closed a $18 million offering on a best efforts basis. Each unit included half a warrant that expires in two years.
• Minera Alamos (TSXV:MAI) closed a $15 million offering underwritten by a syndicate led by National Bank Financial on a bought deal basis
• Desert Gold Ventures (TSX-V:DAU) closed a $6.83 million offering on a best efforts basis.

See the whole post here:  http://oreninc.com/orenthink/entry/oreninc-index-up-as-brokered-activity-surges-again?

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