Announced financings: Feb. 1, 2024

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Capstone Copper Corp. (TSX: CS)

• Gross Proceeds: $300 million (bought deal)
• Sector: Copper
• Units issued: 59.92 million
• Type: Common shares
• Price: $6.30
• Warrants: None
• Agents: RBC Capital Markets
• Use of Proceeds: Project advancement

Company breakdown:

• Copper miner with operating Pinto Valley copper mine in Arizona, Cozamin copper-silver mine in Mexico, Mantos Blancos copper-silver mine in Chile, and 70% of the Mantoverde copper-gold mine in Chile
• Proceeds from this offering will be used toward the Mantoverde project and Santo Domingo detailed engineering and ongoing exploration programs
• Expects financial results on Feb. 22
• Produced 164,353 tonnes of copper in 2023

2. Numinus Wellness Inc. (TSX-V: NUMI)

• Gross Proceeds: $6 million (bought deal)
• Sector: Psychedelics
• Units issued: 50 million
• Type: Special units
• Price: $0.12
• Warrants: Full; $0.18; Two years
• Agents: Eight Capital
• Use of Proceeds: Working capital

Company breakdown:

• Psychedelic therapy company for depression, anxiety, trauma, pain, and substance abuse
• Above offering is subscribed in part by the Multidisciplinary Association for Psychedelic Studies (MAPS), one of the biggest non-profits researching psychedelics for wellbeing
• "In light of the global renaissance in psychedelic drug development research, MAPS is enthused to support Numinus with their clinical work and the crucial training of therapists, including experiential training where therapists volunteer to receive psychedelics themselves in a therapeutic setting as part of a clinical trial," said president and founder Dr. Rick Doblin.
• Company lost $4.35 million in fiscal Q1

3. Kootenay Silver Inc. (TSX-V: KTN)

• Gross Proceeds: $2.5 million
• Sector: Precious metals
• Units issued: 3.33 million
• Type: Special units
• Price: $0.75
• Warrants: Half; $1.10; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Silver junior focused on projects in the Sierra Madre region of Mexico
• Recently drilled 2,123 g/t Ag over 1.54 metres at its Columba project
• A resource estimate showed 60.56 Moz AgEq measured and indicated at its La Cigarra project

4. Impact Analytics Inc. (CSE: PACT)

• Gross Proceeds: $2 million
• Sector: AI risk assessment
• Units issued: 1.55 million
• Type: Special units
• Price: $1.29
• Warrants: Half; $2.00; One year
• Agents: Non-brokered
• Use of Proceeds: Not stated

Company breakdown:

• AI risk assessment and financial services company
• Is developing a new risk assessment tool called Lana
• Shares of the company have been on the rise since it started trading in September

5. Gold Bull Resources (TSX-V: GBRC)

• Gross Proceeds: $1 million
• Sector: Precious metals
• Units issued: 3.7 million
• Type: Special units
• Price: $0.27
• Warrants: Full; $0.40; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior focused on projects in Nevada
• A PEA for its Sandman deposits support a mine with a net-present value of US$121 million
• Completed a 1:10 share rollback in October