2 Financings You Need to Know About This Week (May 22-27)

1. Aurora Cannabis Inc. (TSX-V: ACB) 

• Gross Proceeds: US$150 million
• Sector: Cannabis
• Units issued: 61.2 million
• Type: Special units
• Price: US$2.45
• Warrants: Full; US$3.20; Three years
• Agents: Canaccord Genuity, BMO Capital Markets
• Use of Proceeds: General corporate purposes

Company breakdown:

• Cannabis giant that has been on the decline as weed loses investor favor
• Shares plummeted $1.33 since the announcement of the private placement

2. Tinka Resources Ltd. (TSX-V: TK)

• Gross Proceeds: $11 million
• Sector: Metals
• Units issued: 40.79 million
• Type: Common share
• Price: $0.22
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Project development

Company breakdown:

• Junior miner with the flagship Ayawilca zinc-silver project in Lima, Peru
• This private placement is with Nexa Resources, the largest zinc producer in Peru. Following the agreement, Nexa will own 18.2 percent of the company
• Proceeds from the private placements will be used to explore Ayawilca
• Shares jumped precipitously in anticipation of the private placement