3 Non-Brokered Financings You Need to Know About (Oct. 4-8)

In an exciting—and turbulent—week in the markets, we've got an equally exciting round of private placements to share with you, including a natural gas company making gains on the global gas shortage, and two buzzy junior miners with projects making progress.

1. NG Energy Intl (TSX-V: GASX)

• Gross Proceeds: $8 million
• Sector: Natural gas
• Units issued: 8 million
• Type: Special units
• Price: $1.00
• Warrants: Full; $1.20; 2 years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Natural gas exploration company focused on projects in Colombia
• Maria Conchita has reserves of 27.7 Bcf
• SINU-9 has an estimated contingent resource of 37.0 Bcf
• Shares have been on the rise since late September amid a global natural gas shortage
• Closed up 6 cents at $2.30 on Friday

2. Tudor Gold Corp. (TSX-V: TUD)

• Gross Proceeds: $7 million
• Sector: Precious metals
• Units issued: 1.52 million; 1.52 million
• Type: Common shares; flow-through shares
• Price: $2.10; $2.50
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior with the flagship Treaty Creek project in BC's "Golden Triangle"
• Recently drilled 196.5 metres of 1.76 g/t Au at Treaty Creek
• Also recently bought down a 1.02% net smelter return on claims at Treaty Creek
• Shares are up 4 cents since announcing the private placement, closing at $2.30 on Friday

3. Pure Gold Mining Inc. (TSX-V: PGM)

• Gross Proceeds: $3.45 million
• Sector: Precious metals
• Units issued: 3.31 million
• Type: Special units
• Price: $1.05
• Warrants: Full; $1.36; 18 months
• Agents: Non-brokered
• Use of Proceeds: Operations ramp-up

Company breakdown:

• Gold junior with with the Pure Gold mine in the Red Lake district of Ontario
• Began building the mine in 2019, has been steadily adding components since then
• Poured first gold in 2020, using funds to continue ramp-up
• Proceeds from this financing will be used toward that effort, following a recent $23 million bought deal
• Shares of the company are up 16 cents since announcing the financing, to close at $1.01 on Friday