To the best of my knowledge, Canada's population hasn't disappeared in the last 24 hours, but based on the complete lack of activity in the resource financing market, I am concerned I may have missed something.

Wednesday had just one deal opening with expected proceeds of $700,00, and seven deal closings with gross proceeds of $12.8 million. In addition, two deals were updated.

Closings

First Nickel Inc. (TSX:FNI) closed a $5.1 million private placement underwritten by Paradigm Capital on a best efforts basis. Each unit includes a 1/2 warrant that expires in 24 months, and the deal is expected to close on or about July 19, 2011.

Estrella Gold Corp. (TSX-V:EST) closed a $4.03 million private placement on a best efforts basis. Each unit includes 1 warrant that expires in 24 months.

Silver Quest Resources Ltd. (TSX-V:SQI) closed a $2.3 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 18 months, and the deal is expected to close on or about July 19, 2011.

Updates

Northern Freegold Resources Ltd. (TSX-V:NFR) closed the first tranche of an $8 million private placement for an initial $6 million. Each unit includes 1 warrant that expires in 18 months.

Silver Quest Resources Ltd. (TSX-V:SQI) closed the first tranche of a private placement for $7.5 million. The private placement is underwritten by Paradigm Capital, and the deal is expected to close on or about July 19, 2011.