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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