Announced financings: Jan. 23

January 24, 2024 03:54 PM PST

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

1. kneat.com Inc. (TSX-V: KSI)

  • Gross Proceeds: $17.4 million (bought deal)
  • Sector: SaaS
  • Units issued: 5.35 million
  • Type: Common shares
  • Price: $3.25
  • Warrants: None
  • Agents: Cormark Securities
  • Use of Proceeds: Working capital

Company breakdown:

  • Software-as-a-service company headquartered in Ireland with the Kneat e-validation platform
  • Recently signed a three-year services agreement "with a global consumer products leader"
  • Lost $3.59 million in Q3 2023

2. Stallion Discoveries Corp. (TSX-V: STUD)

  • Gross Proceeds: $4 million
  • Sector: Uranium
  • Units issued: 4.69 million; 4.17 million; 4.55 million
  • Type: Flow-through units; Flow-through units; Special units
  • Price: $0.32; $0.36; $0.22
  • Warrants: Half; $0.36; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Uranium exploration company that owns the largest contiguous project in the western Athabasca basin
  • Recently staked 13,175 more hectares in Saskatchewan
  • Appointed Schwab as a technical advisor this month

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