Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.
1. Royal Bank of Canada (TSX: RY)
- Gross Proceeds: $750 million
- Sector: Finance
- Units issued: 750,000
- Type: Preferred shares
- Price: $1,000.00
- Warrants: None
- Agents: RBC Capital Markets
- Use of Proceeds: General business purposes
2. IsoEnergy Ltd. (TSX-V: ISO)
- Gross Proceeds: $20 million (bought deal)
- Sector: Uranium
- Units issued: 3.2 million
- Type: Premium flow-through shares
- Price: $6.25
- Warrants: None
- Agents: Eight Capital
- Use of Proceeds: Ongoing exploration
Company breakdown:
IsoEnergy is a uranium exploration company with projects in the Athabasca Basin. It just began its 2024 winter exploration program, with 8,250 metres of drilling planned for its Larocque East and Hawk projects. Larocque hosts the Hurricane deposit which contains an indicated 48.6 million pounds at 34.5% U3O8 and an inferred 2.7 million pounds at 2.2% U3O8.
"We believe that IsoEnergy's project portfolio in the eastern Athabasca basin is truly impressive," CEO Philip Williams said in the release. "Not only does it contain the Hurricane deposit at Larocque East, with among the highest uranium grades in the world, but boasts over 20 additional projects (plus 200,000 hectares) acquired and methodically advanced while interest in uranium exploration was largely muted. Over the past 12 months, under a new exploration leadership team led by Dr. Darryl Clark, EVP [executive vice-president], exploration, the focus has been on identifying drill targets at Larocque East and Hawk by combining existing exploration information with results from the innovative ambient noise tomography (ANT) surveys. With a strong balance sheet of over $50-million postclosing of the merger, we are well funded and very excited to commence these drill programs, the results of which could have important implications for future targeting at both projects."
