Announced financings: August 14

Here’s your roundup of announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

1. Trisura Group Ltd. (TSX: TSU)

• Gross Proceeds: $50 million (bought deal)
• Sector: Insurance
• Units issued: 1.52 million
• Type: Common shares
• Price: $32.90
• Warrants: None
• Agents: BMO Capital Markets
• Use of Proceeds: Working capital

Company breakdown:

• Specialty insurance provider
• Earned $26.8 million in Q2
• EPS was around 56 cents

2. F3 Uranium Corp. (TSX-V: FUU)

• Gross Proceeds: $17.5 million
• Sector: Uranium
• Units issued: 36.08 million
• Type: Flow-through units
• Price: $0.485
• Warrants: Half; $0.485; Two years
• Agents: Red Cloud Securities Inc.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Uranium exploration junior focused on projects in the Athabasca Basin
• Recently drilled 18 metres of 8.8% U3O8 at its Patterson project
• Shares rocketed up last November when the company hit 65,000 cps at Patterson Lake North

3. Decade Resources Inc. (TSX-V: DEC)

• Gross Proceeds: $2.25 million
• Sector: Metals
• Units issued: 36.08 million
• Type: Flow-through units
• Price: $0.485
• Warrants: Half; $0.485; Two years
• Agents: Redplug Inc.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Metals junior with an assortment of projects in British Columbia
• Recently drilled copper mineralization at its Nobody Knows project

4. Mich Resources Inc. (CSE: MICH)

• Gross Proceeds: $1.15 million
• Sector: Precious metals
• Units issued: 5.11 million; 5.11 million
• Type: Flow-through units; Special units
• Price: $0.13; $0.10
• Warrants: Half; $0.15; Three years
• Agents: Non-brokered
• Use of Proceeds: Project acquisition

Company breakdown:

• Mineral exploration junior
• Very little information or news