The financing market was pretty bad on Friday, but its quality was probably better than that of the 24 Sussex Drive, which has been said to have failing heat and the need to use pans to capture leaks. Moody's may not be threatening to downgrade the Canadian government, but I'd watch out if they are feeling unable to pay for 'urgent' renovations.

There were four deal openings with expected proceeds of $9 million. Additionally there were 12 deal closings with gross proceeds of $94.7 million, and one private placement was updated.

Openings

United Silver Corp. (TSX:USC) opened a $4 million private placement on a best efforts basis. The private placement is underwritten by Union Securities. Each unit includes 1 warrant that expires in 36 months. The deal is expected to close on or about July 26, 2011.

Mosquito Consolidated Gold Mines Ltd. (TSX-V:MSQ) opened a $3 million private placement on a best efforts basis. Each unit includes 1 warrant that expires in 36 months.

Terreno Resources Corp. (TSX-V:TNO) opened a $1.5 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months.

Closings

Sunward Resources Inc. (TSX-V:SWD) closed a $51.3 million private placement on a best efforts basis. Each unit includes 1 warrant that expires in 36 months.

Pretium Resources Inc. (TSX:PVG) closed a $15.08 million private placement on a bought deal basis. The private placement was underwritten by CIBC.

Rockridge Capital Corp. (TSX-V:RRC) closed a $4.52 million private placement on a bought deal basis. Each unit includes 1 warrant that expires in 18 months.

BonTerra Resources Inc. (TSX-V:BTR) closed a $1.5 million private placement on a best efforts basis. The private placement was underwritten by Limited Market Dealer.

Blue Note Mining Inc. (TSX-V:BNT) closed a $1.12 million private placement on a best efforts basis. A portion of the private placement was underwritten by Industrial Alliance.

Solid Resources Ltd. (TSX-V:SRW) closed a $1 million private placement on a best efforts basis. Each unit includes 1 warrant that expires in 24 months.