Announced financings: Feb. 6, 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. Aya Gold & Silver Inc. (TSX-V: AYA)

• Gross Proceeds: $67.5 million (bought deal)
• Sector: Precious metals
• Units issued: 6.59 million
• Type: Common shares
• Price: $10.25
• Warrants: None
• Agents: Eight Capital
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Silver producer with operations in Morocco
• Operates the Zgounder mine and is exploring a number of projects along the South-Atlas fault
• Recently drilled 1,846 g/t Ag at Zgounder and 38.3 metres of 763 g/t AgEq at Boumadine
• Produced 1.97 Moz Ag at Zgounder in 2023

2. Saturn Oil & Gas Inc. (TSX-V: SOIL)

• Gross Proceeds: $50 million
• Sector: Oil and gas
• Units issued: 22.2 million
• Type: Common shares
• Price: $2.25
• Warrants: None
• Agents: Echelon Capital Markets
• Use of Proceeds: Working capital

Company breakdown:

• Oil and gas producer and explorer with projects in Saskatchewan and Alberta
• 2023 NI 51-101 reserves are at 145.31 MMboe P+P
• Expects 2024 production of 26,500 boe/d

3. Strathmore Plus Energy Corp. (TSX-V: SUU)

• Gross Proceeds: $2 million
• Sector: Uranium
• Units issued: 4 million
• Type: Special units
• Price: $0.50
• Warrants: Half; $0.70; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Uranium junior with projects in Wyoming
• Drilled 8.5 feet of 0.114% eU3O8 at its Agate project in November
• Lack of news since then