3 Non-Brokered Financings You Need to Know About (July 12-16)

A busy week passes, and once again, we've got three non-brokered financings we think our readers should know about. Read on for the details.

1. Arena Minerals Inc. (TSX-V: AN)

• Gross Proceeds: $10 million
• Sector: Lithium
• Units issued: 7.19 million
• Type: Subscription receipts
• Price: $0.175
• Warrants: Half; $0.25; Two years
• Agents: Non-brokered
• Use of Proceeds: Project acquisition

Company breakdown:

• Lithium brine developer with projects in Chile and Argentina 
• Proceeds from the financing will go toward its acquisition of 35% of the Sal de la Puna project in Salta, Argentina from Centaur
• Lithium Americas has agreed to purchase $6 million of the offering
• Shares of Arena increased dramatically following a previous private placement in February
• The stock is up 3.5 cents since announcing the private placement to close at 17 cents on Friday

2. Winston Gold Corp. (CSE: WGC)

• Gross Proceeds: $3 million
• Sector: Precious metals
• Units issued: 40 million
• Type: Special units
• Price: $0.075
• Warrants: Full; $0.105; Two year
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior focused on a past-producing project in Montana
• Proceeds from the financing will be used "to bring the Winston Gold project near Helena, Mont., into commercial production and to also develop additional toll-milling solutions to fill the Paradine mill to capacity."
• The company produced its first gold concentrate at its Paradine project back in February, after which shares peaked, but since then have been on the decline
• Shares are down half a cent since announcing the financing

3. Blue Sky Uranium Corp. (TSX-V: BSK)

• Gross Proceeds: $2.56 million
• Sector: Uranium
• Units issued: 16 million
• Type: Flow-through shares
• Price: $0.16
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Uranium junior with projects in Argentina
• Proceeds will be used for an ongoing drill program at its Amarillo Grande project
• Company completed first stage of the 4,500-metre program in June, with results pending
• Shares are down 3 cents since announcing the private placement, closing at 17 cents on Friday