2 Non-brokered financings you need to know about this week (May 16-20)

May 20, 2022 02:55 PM PST

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. Voyager Digital Ltd. (TSX: VOYG)

  • Gross Proceeds: US$60 million
  • Sector: Crypto
  • Units issued: 25.64 million
  • Type: Common shares
  • Price: US$2.34
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: General corporate purposes

Company breakdown:

  • Cryptocurrency platform that deals in over 100 digital assets
  • Has a mobile app and a subsidiary Coinify that provides crypto payment solutions
  • Down 81 percent year-to-date amid the huge crypto crash to $2.68 per share

2. Cathedra Bitcoin Inc. (TSX-V: CBIT)

  • Gross Proceeds: $6.34 million
  • Sector: Crypto
  • Units issued: 17.92 million
  • Type: Special units
  • Price: $0.36
  • Warrants: Full; $0.54 - $1.54
  • Agents: Non-brokered
  • Use of Proceeds: General corporate purposes

Company breakdown:

  • Bitcoin mining company that also aims to invest in energy assets
  • Down 35 percent year-to-date to 0.325 cents per share

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