Methodology
Financing classification
How OreStocks reads, categorizes, and surfaces mining-sector capital raises from issuer press releases.
Types we tag
- Private placement — equity (often a unit of share + warrant) sold to accredited investors without an underwriter commitment. Can be brokered or non-brokered.
- Bought deal — an underwriter has committed its own capital to purchase the offering before remarketing.
- Prospectus offering — securities sold under a filed prospectus, available to a broader investor base.
- Rights offering — existing shareholders receive the right to buy additional shares at a fixed price.
- Debt financing — non-equity instruments (convertible debentures, notes, loan facilities).
- Best-efforts offering — the agent commits to use best efforts to place the securities but does not underwrite the deal.
- Streaming-royalty deal — financing in exchange for a stream of future commodity production or a royalty on future revenue.
- Share purchase plan — existing shareholders are offered the right to buy additional shares within a limit.
- At-the-market (ATM) offering — equity sold in tranches into the open market through a sales agent.
- Other — a residual bucket for structures that don't fit the above tags.
A single deal can carry multiple type tags simultaneously when the structure has more than one component — e.g. a unit offering with both bought-deal and best-efforts tranches.
Deal-level terms we surface
From each deal, OreStocks extracts and surfaces:
- Gross proceeds and currency (CAD / USD / AUD / etc.)
- Price per security and currency
- Brokered status
- Deal stage and lifecycle (announced → priced → closed)
- Tranche count
- Warrant terms when included in the deal — exercise price, warrants per unit, and expiry
- Use of proceeds (summary text)
- Financing type and the full list of type tags for multi-component deals
Currency policy
Gross proceeds are reported in the deal's native currency. Cross- currency normalization is intentionally avoided on the public pages, so every figure can be verified against the issuer's own disclosure without an exchange-rate translation step in between.
Lifecycle
Each deal starts at announced. As follow-on press releases arrive, the status progresses through priced, closed, and tranche-by-tranche closings. The extractor updates the row in place; the latest state is what surfaces in the terminal.
Duplicates
Each row is extracted from a specific announcement. The same transaction can therefore appear more than once — for example when both counterparties announce it (the buyer and the seller of a streaming deal) or when a dual-listed issuer announces on more than one exchange. Any ranking we build on this data collapses cross-listing duplicates where the data allows, so the same transaction is not double-counted.
Source provenance
Every financing row links back to its source press release(s) and regulatory filings. The deal can be audited against the issuer disclosure in one click.
Frequently asked questions
- Which financing types does OreStocks tag?
- Private placements, bought deals, prospectus offerings, rights offerings, debt financings, best-efforts offerings, streaming-royalty deals, share purchase plans, at-the-market (ATM) offerings, and a residual 'other' bucket. A single deal can carry multiple type tags simultaneously when the structure has more than one component.
- What deal-level terms are surfaced?
- Gross proceeds and currency, price per security and currency, brokered status, deal stage, lifecycle (announced → priced → closed), tranche count, and warrant terms when included in the deal (exercise price, warrants per unit, expiry). The 'use of proceeds' text is also extracted.
- Are currencies normalized across deals?
- No. Gross proceeds are reported in the deal's native currency (CAD, USD, AUD, etc.) and the currency code is shown per row. Cross-currency normalization is intentionally avoided on the public SEO landings to preserve fidelity with the issuer disclosure.
- Can the same deal appear more than once?
- Occasionally, yes. When both counterparties to a deal file it (for example a streaming agreement filed by both the buyer and the seller), each filing is extracted as its own row. Cross-listing duplicates are deduplicated where the data allows.
- How is a bought deal distinguished from a private placement?
- OreStocks reads the issuer's own language in the press release. A bought deal is when an underwriter commits its own capital to purchase the offering before remarketing. A private placement is sold to specific accredited investors without an underwriter commitment.
- What about flow-through, strategic investments, and registered direct offerings?
- These structures often appear inside larger deals but are not currently dedicated tags in the OreStocks type taxonomy. They typically show up as private placements with the relevant structure described in the use-of-proceeds and deal-summary text on the row.
- When does a financing appear on OreStocks?
- As soon as an issuer announces the deal via press release. The status starts at announced and progresses through priced, closed, and tranche as the deal moves through its lifecycle. Rows are updated continuously as the extractor reads each follow-on release.