Announced financings: May 1 2024

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Flurotech Ltd. (TSX-V: TEST)

• Gross Proceeds: $22 million
• Sector: Aerospace investment
• Units issued: 5.5 million
• Type: Subscription receipts
• Price: $4.00
• Warrants: None
• Agents: Research Capital Corporation
• Use of Proceeds: Acquisition

Company breakdown:

• Financing is part of a name change to Consolidated Aerospace Financing Corporation, alongside the acquisition of Great Slave Helicopters 2018 Ltd.
• Company will not operate in the aviation industry, specifically helicopter aviation in northern Canada
• Comes with "the largest local helicopter support infrastructure in northern Canada"

2. Zedcor Inc. (TSX-V: ZDC)

• Gross Proceeds: $10 million
• Sector: Security
• Units issued: 4 million
• Type: Common shares
• Price: $1.00
• Warrants: None
• Agents: Beacon Securities
• Use of Proceeds: Security towers

Company breakdown:

• Mobile surveillance company focused on its MobileeyeZ towers designed for worksite security
• Financing will be used to expand its fleet of MobileeyeZ towers
• Generated revenues of $5.8 million in Q4 2023

3. Eddy Smart Home Solutions Ltd. (TSX-V: EDY)

• Gross Proceeds: $8 million
• Sector: Water management
• Units issued: 5.33 million
• Type: Common shares
• Price: $1.50
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Loan repayment

Company breakdown:

• Provider of commercial smart water metering products and monitoring services
• Offering is part of a 100 to 1 share consolidation

4. F3 Uranium Corp. (TSX-V: FUU)

• Gross Proceeds: $9 million
• Sector: Uranium
• Units issued: 16.01 million
• Type: Flow-through units
• Price: $0.56
• Warrants: Half; $0.56; Two years
• Agents: Red Cloud Securities
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Uranium explorer focused on projects in the Athabasca Basin
• Hit 4 metres of 29.3% U3O8 back in November
• Also recently began drilling the JR Zone at its flagship PLN JR Zone, with positive initial findings