Here’s your roundup of equity financings announced over the past week, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.
1. Abaxx Technologies Inc. (NEO: ABXX)
- Gross Proceeds: $27 million
- Sector: Fintech
- Units issued: 953,000; 4.84 million
- Type: Preferred shares; common shares
- Price: $4.72
- Warrants: Full; $4.718; 12 months
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
Abaxx is a fintech company that sells physically-delivered futures contracts and derivatives for LNG, battery metals, and carbon. It also has developed the Abaxx Drive and Vault which provide protective applications for sensitive private information, and has an investor platform. It hasn't posted much news for awhile, but its shares have risen $5.81 since November.
2. Nuclear Fuels Inc. (CSE: NF)
- Gross Proceeds: $6.4 million (bought deal)
- Sector: Uranium
- Units issued: 10.6 million
- Type: Special units
- Price: $0.60
- Warrants: Half; $0.80; Three years
- Agents: PI Financial Corp.
- Use of Proceeds: Ongoing exploration
Company breakdown:
Nuclear fuels is a uranium exploration company focused on its Kaycee project in Wyoming. In a recent letter to shareholders, it discussed its "better-than-expected" initial drill results at Kaycee, which it plans to release soon. The company switched from the TSX-V to the CSE in July.
3. A2Z Smart Technologies Corp. (TSX-V: AZ)
- Gross Proceeds: $4.7 million
- Sector: Smart carts
- Units issued: 2.81 million
- Type: Special units
- Price: $1.56
- Warrants: Half; $2.05; Two years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
A2Z Smart Technologies has created the "world-first proven-in-use mobile self-checkout shopping cart." It's lately been steadily securing supply contracts with grocery stores in France and across Asia Pacific. Shares have been on the decline since a similar offering a year ago.
4. ArcPoint Inc. (TSX-V: ARC)
- Gross Proceeds: US$1.6 million
- Sector: Health screenings
- Units issued: 16 million
- Type: Subordinate voting shares
- Price: US$0.10
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
ArcPoint is a US franchise that provides drug testing, alcohol screening, DNA, clinical lab testing, and other services. In addition to this most recent offering, it recently provided 1.5 million shares for debt. Back in August, it "onboarded" 90 new lab locations. It also rolled out a new healthcare API in November.
5. Stratabound Minerals Corp. (TSX-V: SB)
- Gross Proceeds: $1.5 million
- Sector: Precious metals
- Units issued: 60 million
- Type: Special units
- Price: $0.025
- Warrants: Full; $0.05; Two years
- Agents: Non-brokered
- Use of Proceeds: Drill targeting
Company breakdown:
Stratabound is a junior gold company with projects in the Yukon, New Brunswick, and California. It recently sampled 8.53 g/t Au at its Win project in the Yukon. It's president and CEO resigned in mid-December, amid the company's shares declining over the past year.
