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Oreninc Deal Log Signing Out

Dear Oreninc Subscribers,

After five years of publicly tracking the metals & mining and oil & gas junior equity markets in Canada, we are throwing in the towel.

After much thought, we are shutting down our current data and research publishing. We are doing this for many reasons, namely because we don’t want to get into the newsletter writing business, stock promotion business, or the EMD business, and those seemed to be the only natural courses for the business moving forward.

Our team has reached a point where we have higher priority projects to work on over providing free data to a market that does not seem to value it.

If there is a buyer who wants to take it over, we are happy to sell it rather than shut it down. Unfortunately, parties who have approached us did not see the value in market transparency, which is what we always saw as the core value to our service.

Our team will now be focusing on consulting, which is where we have seen success as a business. In selling services, the data business got our foot in the door and gave us name recognition, but lately it has distracted from our core strength, which is strategic planning. We will be staying in the space and are not going anywhere by any means. This is simply a change in focus.

We will keep the Oreninc Deal Log up through the end of March, but starting today it will no longer be publically updated. In addition, yesterday’s Oreninc Index will be our last. Expect a new stripped down website starting in March.

On behalf of the Oreninc team, both current and past, I’d like to give a huge thanks for all of the support over the last five years. To everyone who read our emails religiously, would pass our reports throughout their office, came up to us at conferences to tell us how much they valued our work - thank you. It was and is still much appreciated.

Best of luck,

Benjamin

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Oreninc Index Update: February 11, 2016

Oreninc Index Shows Life

The Oreninc Index showed life for the week ending February 11, 2016. Total dollars announced jumped to $54.6m, a three-week high. One brokered financing was announced for $20.8m, a ten-week high; No bought deal financings were announced for the seventh time in nine weeks.

In what was a particularly busy week for deal making news, Tahoe Resources (TSX:THO) announced a deal to take over Lake Shore Gold (TSX:LSG) for $751m. Gold had another fantastic week, while oil sank even further. While only one week, an active period in the financing market along with a couple deals that seem to be coming together gave the industry a rare positive week to feel good about.

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Oreninc Index Update: February 4, 2016

Oreninc Index Continues Poor Performance

The Oreninc Index continued its poor performance and hit a 23-week low for the week ending February 4, 2016. Total dollars announced jumped to $27.2m, a two-week high. No brokered or bought deals were announced, making three- and two-week lows, respectively.

The biggest news of the week was reports that Anglo American plc (LON:AAL) is planning a complete exit from Brazil. Gold continued its torrid pace, hitting a three-week high, while crude oil continued its downward trend.

As the index and most commodities continue to stumble, things seem to be getting worse before they might get better.

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Oreninc Index Update: January 28, 2016

The Oreninc Index stayed low for the week ending January 28, 2016. Total dollars dropped to $21.2m, a two-week low. One brokered and bought deal financing was announced for $8.4m, three and two-week lows respectively.

Aston Bay Holdings Ltd. (TSX-V:BAY) led the way with deal making news, signing an LOI with BHP Billiton Ltd. (NYSE:BHP). Gold had an excellent week, hitting a 12-week high.

Not much movement is not much of a surprise at this point in this market. Entering what is generally considered one of the stronger times in the year for fundraising, the trend of continuously poor numbers make one think that maybe we may truly have hit a “market bottom”.  

 

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Oreninc Index Update: January 21, 2016

 

Oreninc Index Falls to 21-Week Low

The Oreninc Index fell to a 21-week low for the week ending January 21, 2015. Total dollars announced jumped to $58.4m, a two-week high. One brokered and bought deal financing was announced for $15m, seven-week and nine-week highs respectively.

The biggest deal-making news of the week came from Suncor Energy (TSX:SU) increasing its friendly takeover bid of Canadian Oil Sands (TSX:COS) to $6.6bn, which is now backed by both companies. Gold had a moderately good week, increasing slightly. Oil had a tumultuous week, reaching an almost 13-year low on Wednesday before recovery slightly to end the week.

Despite the horrible index performance, some metrics such as total dollars announced did raise significantly. Part of the reason for the awful performance so far this year has been because here have not been many deals announced yet. Let’s see if that is the start of a trend as companies are finding it more and more difficult to raise money, or if they are merely saving the announcements for conference season to enhance their ability to market their deals.

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