Announced financings: August 22

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

1. ProMIS Neurosciences Inc. (Nasdaq: PMN)

• Gross Proceeds: $20.4 million
• Sector: Biotech
• Units issued: 5.43 million; 5.43 million
• Type: Special units
• Price: $1.88
• Warrants: Full; $1.88
• Agents: Affinity Asset Advisors, others
• Use of Proceeds: Clinical development

Company breakdown:

• Development-stage biotech company focused on development therapeutics for neurodegenerative diseases like Alzheimer's
• Voluntarily delisted from the TSX in July
• Its PMN310 targeted amyloid-beta oligomers, which makes it a potential candidate to prevent Alzheimer's disease

2. Foremost Lithium Resource & Technology (CSE: FAT)

• Gross Proceeds: $4 million
• Sector: Lithium
• Units issued: 800,000
• Type: Special units
• Price: US$5.00
• Warrants: Full; US$6.25; Five years
• Agents: ThinkEquity
• Use of Proceeds: Resource development

Company breakdown:

• Lithium exploration company with projects in Manitoba and Quebec
• Recently undertook a 1:50 share rollback
• Also recently drilled 7.66 metres of 7.50 g/t Au at its Jean Lake project

3. Western Alaska Minerals Corp. (TSX-V: WAM)

• Gross Proceeds: $1.5 million
• Sector: Base metals
• Units issued: 731,000
• Type: Special units
• Price: $2.05
• Warrants: Half; $3.15; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Alaska- and Arizona-based exploration company focused on silver, copper, lead and zinc
• Drilled 40.2 metres of 262 g/t Ag at its Waterpump project

4. Ubique Minerals Ltd. (CSE: UBQ)

• Gross Proceeds: $1.2 million
• Sector: Zinc
• Units issued: 15 million
• Type: Special units
• Price: $0.08
• Warrants: Full; $0.15; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Zinc-focused exploration company with projects in Newfoundland and Namibia
• Lack of recent news

5. Avanti Helium Corp. (TSX-V: AVN)

• Gross Proceeds: $1 million
• Sector: Helium
• Units issued: 1.67 million
• Type: Special units
• Price: $0.60
• Warrants: Full; $0.70; One year
• Agents: Non-brokered
• Use of Proceeds: Plant development

Company breakdown:

• Helium exploration company with projects across western Canada
• Says its in talks for helium offtake contracts to generate cash flows
• Recently signed an agreement to commercialize its Sweetgrass helium recovery plant