Announced financings: Jan. 24

January 25, 2024 04:31 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. Baseload Energy Corp. (TSX-V: FIND)

Gross Proceeds: $5 million (bought deal)
Sector: Uranium
Units issued: 2.22 million; 6.15 million
Type: Special units; Flow-through units
Price: $0.45; $0.65
Warrants: Half; $0.65; Two years
Agents: Red Cloud Securities
Use of Proceeds: Ongoing exploration

Company breakdown:

Uranium junior with 264,172 hectares in the Athabasca Basin.
Recently drilled 1.9 metres of 490 ppm U3O8 at its Hook project
Signed an exploration agreement with the Denesułiné First Nations

2. Revive Therapeutics Ltd. (TSX-V: RVV)

Gross Proceeds: $3 million
Sector: Therapeutics
Units issued: 85.71 million
Type: Special units
Price: $0.035
Warrants: Half; $0.05; Three years
Agents: Non-brokered
Use of Proceeds: Clinical work

Company breakdown:

Life sciences company working on a long-COVID rapid test and treatments for other infectious diseases
Evaluating Bucillamine as a potential treatment for nerve agent exposure

3. Medbright AI Investments Inc. (CSE: MBAI)

Gross Proceeds: $2.79 million
Sector: Capital allocation
Units issued: 6.99 million
Type: Special units; Special warrants
Price: $0.20; $0.20
Warrants: Half; $0.30; Two years
Agents: Canaccord Genuity Corp.
Use of Proceeds: Working capital

Company breakdown:

Capital allocator that invests in tech and healthcare
Recently reached US$100 million in total clinic revenue under contract with its MedMatrix AI-powered platform
Shares have been mostly on the rise since July