Announced financings: March 11, 2024

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

1. Sun Summit Minerals Corp. (TSX-V: SMN)

• Gross Proceeds: $100 million; $75 million
• Sector: Biopharmaceuticals
• Units issued: 6.67 million; 16.67 million
• Type: Flow-through units, non-flow-through units
• Price: $0.15; $0.12
• Warrants: Half; $0.18; 12 months
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold and copper junior with projects in BC
• Reported grades including 22 metres of 11.7 g/t Au and 21.5 metres of 3.1 g/t At the Creek zone of recently-optioned Toodoggone project
• Shares have declined over the past year