Who would have thought that South Korea getting the Winter Olympics would slow down the Canadian resource financing market? Still, that seems to be the case.

Wednesday was particularly slow. Seven deal openings were announced with expected proceeds of $7 million. Additionally there were five deal closings with gross proceeds of $11.2 million. Also, five private placements were updated.

Openings

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

BonTerra Resources Inc. (TSX-V:BTR) opened a $1.5 million private placement consisting of common and flow-through shares on a best efforts basis. Each unit includes warrants.

Fjordland Exploration Inc. (TSX-V:FEX) announced a $1.5 million private placement that includes common and flow-through shares on a best efforts basis. Each unit includes 1 warrant that expires in 12 months.

Harte Gold Corp. (TSX-V:HRT) opened a $1.25 million private placement on a best efforts basis. The deal is expected to close on or about July 15, 2011.

WCB Resources Ltd. (TSX-V:WCB) opened a $1 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 12 months. The deal is expected to close on or about July 15, 2011.

Closings

Crazy Horse Resources Inc. (TSX-V:CZH) closed a $5 million strategic deal with Copper Development Corp.

Weststar Resources Corp. (TSX-V:WER) closed a $2.22 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 12 months.

Firebird Resources Inc. (TSX-V:FIX) closed a $2.19 million private placement on a best efforts basis. Each unit includes a 1/2 warrant that expires in 18 months.

Updates

Redstar Gold Corp. (TSX-V:RGC) updated their $2.8 million private placement to $4.2 million. Each unit includes a 1/2 warrant that expires in 24 months.