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Exclusive Interview with Brent Cook & Mickey Fulp

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Orenthink

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

Top 10 Financings of May 2017

 

May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 financings for gold totalling $228.9 million, some 62.5% of the total. The top ten gold financings totalled $174.86 million representing 47.7% of the gold total. 11 brokered gold financings closed in May for $113.7 million at an average size of $9.1 million, including four bought deals for $51.6 million at an average size of $12.9 million.

 

#1 Continental Gold C$34.36 million

Continental Gold (TSX: CNL) closed a US$109 million non-brokered private placement with Newmont Mining (NYSE: NEM) and a US$25 million private placement with RK Mine Finance Master Fund I at a price of C$4.00 per share to raise the equity component of the US$389 million funding required to build out a gold mine at its Buritica deposit in Antioquia, Colombia. Newmont and Red Kite now own about 19.9% and 4.6%, respectively, of the issued and outstanding common shares of Continental. Construction of Buritica is due to commence later this year with first gold pour scheduled for early 2020. As part of the financing, Newmont and Continental will form a strategic alliance to evaluate opportunities to partner on exploration of Continental’s other properties in Colombia.

 

#2 Barkerville Gold Mines C$27.08 million

Barkerville Gold Mines (TSXV: BGM) closed a bought deal private placement financing of $23.5 million led by Haywood Securities at C$0.95 per unit and a non-brokered private placement with Osisko Gold Royalties and Osisko Mining for C$15.8 million. The net proceeds will be used for exploration and development of the company’s properties in the historical Cariboo mining district of central British Columbia.

 

#3 North Empire Resources C$20.00 million

Northern Empire Resources (TSXV: NM) completed a private placement of C$19.56 million at a price of C$0.25 led by Cormark Securities on behalf of a syndicate of agents that included GMP Securities, Haywood Securities and PI Financial that saw Coeur Mining (NYSE: CDE) invest C$4.0 million. The funds were used to complete the acquisition of the Sterling gold project, the Hoodoo Canyon property and various royalty rights on mineral properties in Nevada and California, USA from Imperial Metals subsidiary Sterling Gold Mining.

 

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Exclusive: Interview with Brent Cook & Mickey Fulp @ 121 NYC

June 7th, 2017 // An Oreninc Excklusive: Interview with Brent Cook & Mickey Fulp at the 121 Mining Investment Conference in New York


Topics:
- 121 Mining Investment Conference
- Current Market Sentiment
- Top Picks ;)

Participants:
- Brent Cook, Exploration Insights
- Mickey Fulp, Mercenary Geologist
- Kai Hoffmann, Oreninc

VISIT www.oreninc.com
VISIT www.goldgeologist.com
VISIT https://explorationinsights.com

 

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Oreninc Interview Series with Mickey Fulp - Episode 08

May 29th, 2017 // Our bi-weekly interview series with the Mercenary Geologist, Mickey Fulp.

Topics discussed
- International Metal Writers Conference in Vancouver
- Financing Drought in the junior commodities space
- Numbers of the week

We recorded the interview on May 29th, 2017 at the International Metal Writers Conference

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

VISIT www.oreninc.com
VISIT www.goldgeologist.com

 

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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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