Announced financings: Jan. 22

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Ascot Resources Ltd. (TSX-V: AOT)

• Gross Proceeds: $25 million (bought deal)
• Sector: Precious metals
• Units issued: 56.82 million
• Type: Common shares
• Price: $0.44
• Warrants: None
• Agents: BMO Capital Markets
• Use of Proceeds: Mine construction

Company breakdown:

• Junior gold company focused on restarting the past-producing Premier gold mine in BC's Golden Triangle
• Recently drilled 1.99 metres of 58.18 g/t Au
• A 2019 resource estimate pegs Premier with 1.01 million ounces of gold indicated and 1.21 million inferred
• The above private placement comes alongside US$50 million additional funding, including a royalty restructuring with SRSR and a cost overrun facility with Nebari

2. Indiva Ltd. (TSX-V: NDVA)

• Gross Proceeds: $4 million
• Sector: Cannabis
• Units issued: 40 million
• Type: Special units
• Price: $0.10
• Warrants: Half; $0.15; Three years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Canadian cannabis edible producer
• Expects $10 million revenue in Q4 2023
• Lost $902,200 in Q3
• After a decline and rise, shares are roughly even over the past year

3. Pasofino Gold Ltd. (TSX-V: VEIN)

• Gross Proceeds: $3.14 million
• Sector: Precious metals
• Units issued: 6.29 million
• Type: Special units
• Price: $0.50
• Warrants: Half; $0.65; 18 months
• Agents: Non-brokered
• Use of Proceeds: Project advancement

Company breakdown:

• Gold junior focused on the Dugbe project in southern Liberia
• Recently drilled six metres of 1.6 g/t Au
• Also recently acquired the remaining interest in Dugbe

4. Libero Copper & Gold Corp. (TSX-V: LBC)

• Gross Proceeds: $3 million
• Sector: Precious metals
• Units issued: 20 million
• Type: Special units
• Price: $0.15
• Warrants: Full; $0.15; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper molybdenum exploration company focused on the Mocoa project in Putumayo, Colombia
• Rolled back shares 1:10 last week
• Lack of recent news other than financings

5. Golden Cariboo Resources Inc. (TSX-V: GCC)

• Gross Proceeds: $2 million
• Sector: Precious metals
• Units issued: 20 million
• Type: Special units
• Price: $0.10
• Warrants: Half; $0.12-$0.20; Five years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior focused on the Quesnelle project in British Columbia
• Recently drilled 3.1 metres of 23.3 g/t Au
• Appointed new CEO Frank Callaghan in December