Announced financings: August 28

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

1. Rackla Metals Inc. (TSX-V: RAK)

• Gross Proceeds: $3 million
• Sector: Copper
• Units issued: 5.71 million; 5.71 million
• Type: Special units; Flow-through units
• Price: $0.25; 0.275
• Warrants: Full; $0.40; Two years
• Agents: 3L Capital, Canaccord Genuity
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior with projects in the Yukon and the Northwest Territories
• Recently completed 3,000 metres of drilling at its Astro project
• Shares of the company rose precipitously after the company filed financial statements in May, then slowly fell back down

2. Bullet Exploration Inc. (TSX-V: AMMO)

• Gross Proceeds: $1 million
• Sector: Copper
• Units issued: 20 million
• Type: Special units
• Price: $0.05
• Warrants: Full; $0.05; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper explorer with projects in British Columbia
• Conducted a 3:1 share rollback in tandem with the financing

3. Great Eagle Gold Corp. (CSE: GEGC)

• Gross Proceeds: $1 million
• Sector: Precious metals
• Units issued: 4 million
• Type: Special units
• Price: $0.25
• Warrants: Full; $0.50; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Gold junior with projects in Colombia
• Not much recent information available