Announced financings: Oct. 17

Here’s your roundup of announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

1. McFarlane Lake Mining Ltd. (NEO: MLM)

• Gross Proceeds: $4.5 million
• Sector: Precious metals
• Units issued: 50 million; 33.33 million
• Type: Special units; Flow-through units
• Price: $0.05; $0.06
• Warrants: Full; $0.07; 18 months
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Precious metals junior focused on projects near the Ontario-Manitoba border
• Has commissioned a geological compilation of data to "generate a digital dataset to help generate and prioritize exploration targets through the use of artificial intelligence"