Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.
1. Reyna Silver Corp. (TSX-V: RSLV)
- Gross Proceeds: $2 million
- Sector: Precious metals
- Units issued: 12.5 million
- Type: Special units
- Price: $0.12
- Warrants: Full; "0.20; Three years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Silver junior focused on projects in Nevada and Mexico
- Says financing proceeds will be used for exploration of its four projects
- Drilled 1.32 metres of 334 g/t Ag at its Medicine Springs project back in November
- Shares have declined sharply over the past few days
2. Abound Energy (CSE: ABND)
- Gross Proceeds: $1.5 million
- Sector: Battery tech
- Units issued: 4.29 million
- Type: Special units
- Price: $0.35
- Warrants: Half; $0.50; Two years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Zinc-air clean battery tech company with 15 international patents
- Recently signed an MOU for its testing and development services
- Changed name from Zinc8 in late January
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