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IMWC Logo May2017----------------------

121 MI NYC 2017

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Orenthink

Kai is the CEO of Oreninc and provides regular updates on the junior financing market.

Top 10 Financings in April 2017

 ORENINC PRESENTS THE TOP 10 FINANCINGS IN APRIL 2017 (below a market cap of 1.5bn CAD)

April saw 121 financings close in the Canadian financial markets for C$522.7 million including 55 financings for gold totalling $207.3 million, some 40% of the April total. The top ten gold financings totalled $167.5 million representing 81% of the total indicating that bulk of funds raised for gold projects are concentrated in a relatively small number of deals.

 

 

#1 Bluestone Resources C80 million

Bluestone Resources (TSXV: BSR) closed an $80 million financing @ $1.50 per subscription receipt led by Cormark Securities to finance the acquisition of the Cerro Blanco project and the Mita geothermal project in Guatemala from Goldcorp (TSX: G). Cerro Blanco is fully permitted for production and hosts very high gold grades with strong potential to expand historical resources of 2.05 Mt @ 12.69 g/t for 840koz Au in the Indicated category, as well as 0.75 Mt @ 9.34 g/t for 230koz Au in the Inferred category. The Goldcorp deal includes a right of first refusal on the assets, including the mining fleet, processing plant, and other equipment related to Goldcorp's Marlin gold mine in Guatemala once mining and processing activities cease.

#2 Seabridge Gold C22 million

Seabridge Gold (TSX: SEA) closed a bought deal flow-through financing, including a full over-allotment, for $22 million @ $20 per flow-through share via syndicate of underwriters led by Canaccord Genuity and Cantor Fitzgerald to fund the 2017 exploration program at the KSM and Iskut projects in Northwestern British Columbia, Canada. KSM has an updated pre-feasibility study with proven and probable reserves of 38.8Moz Au and 10.2Blb Cu, placing Seabridge within the world’s top ten gold companies by reserves. Seabridge continues to de-risk KSM as it will eventually seek a joint venture partner to develop it.

#3 Coro Mining C$16.152

Coro Mining (TSX: COP) closed a non-brokered private placement for $16.152 million @ $0.15 per share, to fund the acquisition of Minera Rayrock from Peru’s Milpo to obtain the 12,000 tpy Ivan SXEW copper cathode plant that is close to its Marimaca project in Chile, and continued exploration of Marimaca where Coro is looking to double the copper resource this year as it eyes producer status by 2019. Marimaca currently has a resource of 21.5Mt @ 0.68% Cu in the measured and indicated categories, and 18.8Mt @ 0.53% Cu in inferred resources.

 

 

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Oreninc Interview Series with Mickey Fulp - Episode 07

May 3rd, 2017 // Our bi-weekly interview series with the Mercenary Geologist, Mickey Fulp.

Topics discussed
- Discussing the recent slump in metal prices and the drop off in mining stocks
- Cobalt 27 Capital: $200mn CAD financing on the horizon - our take on the new player in the Cobalt space
- Mickey, Paul and Kai present their numbers of the week.

We recorded the interview on May 3rd, 2017 in a New York hotel room and via Skype.

Participants:
- Mickey Fulp, Mercenary Geologist
- Kai Hoffmann, CEO Oreninc
- Paul Harris, Staff Writer OrenincOreninc Interview Series with Mickey Fulp - Episode 06

 

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Top 10 Financings March - April 2017

 

TOP 10 FINANCINGS MARCH - APRIL 2017

 

JDL Gold, now Trek Mining, has taken the top spot in our Top 10 ranking of the biggest placements in the time period of March 15 to April 15, 2017.

Trek Mining, a merger between JDL Gold and Luna Gold, plans to bring Luna Gold's gold mine in Brazil back in to production.

This month's Top 10 is dominated by companies focused on producing, developing or exploring for gold. 7 out of the 10 companies fall into that category.

The number 3 spot is taken by Highland Copper which closed a financing of little over 30mn CAD.

The Top 10 also includes a lithium company. Lithium X took 5th place with 15mn CAD raised in total.

 

SIGN UP FOR OUR FREE DAILY AND WEEKLY ORENINC DEAL LOG!

 

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Oreninc Interview Series with Mickey Fulp - Episode 06

Oreninc Interview Series with Mickey Fulp - Episode 06

April 13, 2017 // Our bi-weekly interview series with the Mercenary Geologist, Mickey Fulp.

Topics discussed
- Gold price at 1,285 US-Dollar, stocks lagging behind
- Mid-Tier producers are getting involved in the M&A game
- Paul Harris reports on Copper and last weeks Copper conference in Chile

We recorded the interview on April 13th, 2017 via Skype.

Participants:
- Mickey Fulp, Mercenary Geologist
- Kai Hoffmann, CEO Oreninc
- Paul Harris, Staff Writer Oreninc

 

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Oreninc Interview Series with Mickey Fulp - Episode 05

March 28, 2017 // Our bi-weekly interview series with the Mercenary Geologist, Mickey Fulp.

Topics discussed
- Gold price vs gold mining stocks
- Number of financings getting smaller - are now the "bottom feeder" companies getting financed
- Oreninc Index - how does Oreninc compile its proprietary index

We recorded the interview on March 28th, 2017 via Skype.

Participants:
- Mickey Fulp, Mercenary Geologist
- Kai Hoffmann, CEO Oreninc
- Paul Harris, Staff Writer Oreninc

 

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