Announced financings: Feb. 26, 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. Rogers Sugar Inc. (TSX: RSI)

• Gross Proceeds: $110 million
• Sector: Sugar
• Units issued: 21.2 million
• Type: Common shares
• Price: $5.18
• Warrants: None
• Agents: Brokered; Non-brokered
• Use of Proceeds: Various

Company breakdown:

• Sugar refiner and owner of Lantic
• Earned $13.85 million in Q1 2024
• Shares have fallen $0.33 since announcing the financing

2. Enterprise Group Inc. (TSX: E)

• Gross Proceeds: $5 million
• Sector: Energy infrastructure
• Units issued: 5.88 million
• Type: Common shares
• Price: $0.85
• Warrants: Half; $0.95; Two years
• Agents: Acumen Capital Finance Partners
• Use of Proceeds: Fleet expansion

Company breakdown:

• Provides specialized equipment rental to the energy and resource sectors
• EBITDA in 2023 is $13.28 million
• Shares have been on the rise over the past year

3. Lithos Group (CSE: LITS)

• Gross Proceeds: $2 million
• Sector: Lithium
• Units issued: 2.86 million
• Type: Special units
• Price: $0.70
• Warrants: Full; $0.90; Three years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Aims to deliver lithium production without using evaporation ponds
• Recently validated its raw field brine impurity removal tech
• Changed name from Lithos Energy

4. Lion Copper and Gold Corp. (TSX-V: LEO)

• Gross Proceeds: US$1 million
• Sector: Precious metals
• Units issued: 23.81 million
• Type: Special units
• Price: $0.06
• Warrants: Full; US$0.056; Five years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Aims to deliver lithium production without using evaporation ponds
• Recently validated its raw field brine impurity removal tech
• Changed name from Lithos Energy