Announced financings: April 10, 2024

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. DLP Resources Ltd. (TSX-V: DLP)

• Gross Proceeds: $6 million
• Sector: Base metals
• Units issued: 15 million
• Type: Special units
• Price: $0.40
• Warrants: Full; $0.54; Three years
• Agents: Paradigm Capital Inc.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Junior exploration company exploring Peru and British Columbia for base metals and cobalt
• Recently discovered copper on its Esperanza project, including samples of 4.71% copper, 28.8ppm molybdenum, 3540ppm ainc and 383 ppm cobalt
• In February it reported samples of 2.25% copper and 195 g/t Ag and 182ppm molybdenum from its Aurora project

2. Lahontan Gold Corp. (TSX-V: LG)

• Gross Proceeds: $3 million
• Sector: Precious metals
• Units issued: 50 million
• Type: Special units
• Price: $0.06
• Warrants: Half; $0.10; Three years
• Agents: Beacon Securities Ltd.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Junior gold company focused on four gold and silver projects in Nevada
• Flagship is the Sante Fe mine, with historical production of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995
• Sampled 14.6 g/t AuEq at its West Sante Fe project in February

3. Gold Terra Resource Corp. (TSX-V: YGT)

• Gross Proceeds: $2.5 million
• Sector: Precious metals
• Units issued: 50 million
• Type: Common shares
• Price: $0.05
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing drilling

Company breakdown:

• Gold junior focused on the Yellowknife project in the Northwest Territories
• Eric Sprott is a lead invest on this offering
• Shares have climbed 17 cents since April 5

4. TocVan Ventures Corp. (CSE: TOC)

• Gross Proceeds: $2.25 million
• Sector: Precious metals
• Units issued: 6.43 million
• Type: Special units
• Price: $0.35
• Warrants: Full; $0.50; Three years
• Agents: Non-brokered
• Use of Proceeds: Project advancement

Company breakdown:

• Gold and silver junior explorer focused on the Pilar and Picacho projects in Sonora, Mexico
• Offering includes a $1.5 million from "an institutional investor"
• Recently restarted drilling at Pilar, with 4,000 metres of infill drilling planned

5. Carbon Done Right Developments Inc. (TSXV: KLX)

• Gross Proceeds: $2.25 million
• Sector: Carbon credits
• Units issued: 43.11 million
• Type: Common shares
• Price: $0.05
• Warrants: None
• Agents: Leede Jones Gable Inc.
• Use of Proceeds: Project development

Company breakdown:

• Provides carbon credits through afforestation and reforestation initiatives
• Previously Klimate X
• Recently purchased the London Carbon Exchange, a blockchain and enabled carbon trading platform