Announced financings: August 15

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

1. Imperial Metals Corp. (TSX: III)

• Gross Proceeds: $16.8 million (bought deal)
• Sector: Metals
• Units issued: 7 million
• Type: Common shares
• Price: $2.40
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Precious and base metals company and copper producer with projects in British Columbia
• Recently drilled 230 metres of 0.31% Cu at its Mount Poley project
• Produced 11.18 million pounds of copper in Q2

2. Snowline Gold Corp. (CSE: SGD)

• Gross Proceeds: $15 million (bought deal)
• Sector: Precious metals
• Units issued: Two million
• Type: Flow-through units
• Price: $7.50
• Warrants: None
• Agents: Cormark Securities Inc.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold explorer focused on the  Rogue project in the Yukon
• Recently drilled 553.8 metres of 2.48 g/t Au at Rogue
• Shares have been on the rise for the past few months amid other strong results from Rogue

3. Klimat X Developments Inc. (TSX-V: KLX)

• Gross Proceeds: $1 million
• Sector: Carbon credits
• Units issued: 6.67 million
• Type: Special units
• Price: $0.15
• Warrants: Full; $0.25; Two years
• Agents: Non-brokered
• Use of Proceeds: Operations expansion

Company breakdown:

• Develops carbon credits through afforestation and reforestation projects
• Recently reached its first payment milestone for rewilding in West Africa