How much does a Coach bag cost in Vancouver? Well, if you went shopping two nights ago there were some serious steals. However, there were probably only slim pickings left yesterday morning, which is what the resource financing market is showing too.

Yesterday there were two new openings for an expected raise of $1.65 million and three private placement closings raising a total of $11.6 million. In addition, one deal was updated.

Yesterday’s Largest Deals

Openings

Serengeti Resources Inc. (TSX-V:SIR) opened a $1.05 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 18 months.

Closings

Rogue Resources Inc. (TSX-V:RRS) closed a $4.6 million private placement on a best efforts basis. The private placement was underwritten by Jennings Capital. Each unit includes a 1/2 warrant that expires in 24 months.

Ridgeline Energy Services Inc. (TSX-V:RLE) closed a $5.16 million private placement on a best efforts basis. The private placement was underwritten by Byron Capital. Each unit includes 1/2 warrant that expires in 24 months.

Updates

Ascot Resources Ltd. (TSX:V:AOT) updated a $3.61 million private placement, increasing it from $2.55 million and extending the expected close date to June 24, 2011.