Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.
1. District Metals Corp. (TSX-V: DMX)
- Gross Proceeds: $4.51 million (upsized bought deal)
- Sector: Metals
- Units issued: 20.5 million
- Type: Special units
- Price: $0.22
- Warrants: Half; $0.30; Three years
- Agents: PI Financial Corp.
- Use of Proceeds: Project advancement
Company breakdown:
District Metals is a polymetallic exploration company, predominantly with projects in Sweden, but with one project in British Columbia. It recently closed an acquisition to consolidate the Viken Energy Metals deposit, which it says contains a historical inferred resource of 1.15 billion pounds of U3O8. Viken is one of the company's two flagship projects, alongside Tomtebo, which contains two historical polymetallic mines. In October, District optioned 85% of Tomtebo to Boliden.
Other than that, there hasn't been a tremendous amount of banner news for the last several months, but shares of the company have still recovered following a sharp drop in March.
