2 Non-Brokered Financings You Need to Know About (Sept. 6-10)

This short work week was another slow one for non-brokered private placements, hence why we've kept to just two highlighted deals in this edition. Still, these two are useful for investors to keep abreast of the market in general. Read on for all the details.

1. Skeena Resources Ltd. (TSX: SKE)

• Gross Proceeds: $7 million
• Sector: Precious metals
• Units issued: 346,364
• Type: Flow-through shares
• Price: $20.21
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Mid-stage gold junior that owns the past-producing, well-known Eskay Creek mine with 3.88 million ounces of gold proven and probable
• Filed a prefeasibility study for Eskay Creek on Sept. 1
• Also recently launched a new, 35,000-metre drill program at Eskay Creek
• Shares of the company have climbed 51 cents year-to-date, but are down 62 cents since announcing the flow-through placement to close at $14.27 on Friday

2. World Copper Ltd. (TSX-V: WCU)

• Gross Proceeds: $4 million
• Sector: Copper
• Units issued: 10  million
• Type: Special units
• Price: $0.40
• Warrants: Full; $0.60; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper junior with projects in Chile
• Proceeds will be used for the exploration of the Escalones and Cristal projects
• Filed a mineral resource estimate for Escalone in August, with an inferred 426 million tonnes at 0.367% copper
• Shares are down 6 cents since announcing the private placement to 42 cents on Friday