2 Non-Brokered Financings to Know About This Week (Feb. 23 - March 2)

Even as uranium snatches all the buzz, we're still seeing the usual customers among non-brokered placements this week: junior mining companies with big plans for their projects.

1. Blackrock Silver Corp. (TSX-V: BRC)

• Gross Proceeds: $5 million
• Sector: Precious metals
• Units issued: 5.68 million
• Type: Common shares
• Price: $0.88
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Up-and-coming silver company exploring the prolific Tonopah district in Nevada
• Flagship Tonopah West project is one of the most active silver projects in North America, with over 110,000 metres completed and counting
• Financing was subscribed entirely by billionaire Eric Sprott
• Proceeds will be used for ongoing exploration at the project, which has a maiden resource estimate coming soon

2. Roscan Gold Corp. (TSX-V: ROS)

• Gross Proceeds: $5 million
• Sector: Precious metals
• Units issued: 12.5 million
• Type: Common shares
• Price: $0.40
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior exploring projects in West Africa
• Flagship Kandiole project is made of up six discoveries east of B2Gold's Fekola mine and two of IAMGOLD's deposits
• Strong drill intercepts including 65 metres of 5.16 g/t Au
• Proceeds will be used to continue exploring its projects
• Shares have been on a slow rise since the end of December